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Covenance vs LHFX
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Covenance currently holds a lower overall rating (0) compared to LHFX (5).
Covenance has a higher minimum deposit than LHFX, at 30.0.
Both platforms offer their clients demo accounts, mobile trading.
Covenance offers a lower maximum leverage of 1:100, whereas LHFX allows trading with up to 1:500.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 30.0 | 10.0 |
| Commission | 12.0 | 3.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 100.0 | - |
| Spread | Variable | Variable |
| Broker type | STP, ECN, Cent | STP, ECN |
| Maximal leverage (1:?) | 100 | 500 |
| Availability | STP, ECN, Cent | STP, ECN |
| Regulation | - | FSCA (South Africa), FSC (Mauritius) |
| Trading Platforms | MetaTrader 5 (MT5) | MetaTrader 5 (MT5), Match Trader |
| Funding/Withdrawal methods | Bitcoin, Crypto, USDT | Wire Transfer, Credit Card, Debit Card, Neteller, Skrill, Bitcoin, Crypto |
| Account Currency | USD | USD, GBP, EUR |
| Languages | English | English |
| Country | Comoros | Mauritius |
| Trading platform(s) timezone | Comoros | South Africa |
| Other trading instruments | - | - |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
