International forex brokerage, Larson&Holz has chosen the Meta Trader5 trading platform to power all its cryptocurrency-based brokerage. The crypto team of the firm called as LH-Crypto team has selected Meta Trader5 as its main trading platform mainly because of its versatile nature in the multi-asset trading environment.
Metaquotes MT5 trading platform provides all the necessary functions essential for comfortable margin trading on traditional instruments, CFDs and as well as cryptocurrencies. In order to provide smooth trading experience to crypto traders on the platform, LH-Crypto team held an ICO, launching the LH Coin as utility token for trading multiple instruments in a crypto environment back in February. Through its ICO, the firm managed to raise $10 million from about 12,000 investors.
During the last phase of promotional activites for the ICO, the LH Crypto team made a surprise announcement that they will buy back 10 percent of the LHC token emission at a double rate before the end of ICO, giving investors an opportunity to receive 100 percent profit.
The LH-Crypto team stated that it has completed all the testing in the beta phase, and is planning to go live with the platform by the end of August 2018. The goal of the LH-Crypto team will be to enable traders with an opportunity to trade contracts on special accounts- Forex and popular cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash and other popular tokens. The account balance on the crypto broker will be shown in cryptocurrencies and deposit and withdrawal on various cryptocurrencies will be available.
The firm initially has chosen MT4 trading platform for the purpose but in recent years MT5’s gaining popularity and Metaquotes deciding to stop technical support for the legacy MT4 suite also aided to the firm’s decision. The LH-Crypto team has focused on additional resources on the marketing and development on the top of the MT5 proven trading platform. Its Chief of the Audit and Control Department at Larson&Holz, Alexandr Smirnoff said on MT5 being chosen for service: “At first, the broker’s team of developers tried to adapt the previous, fourth version of the MetaTrader software. However, later they chose to build the broker based on the latest iteration of the most popular trading software among retail traders.”