Larson & Holz
- No deposit accounts
- Tight spreads
- Numerous deposit options.
- Few regulators
- High commissions
- Not available for U.S. traders
Bonus$100 no-deposit bonus
- Bank wire
- Credit/Debit Card
Founded in 2004 in St. Vincent & the Grenadines, Larson & Holz is a forex, CFD and binary options broker operating under Larson & Holz IT Ltd. The broker serves clients across the globe with offices in over 5 Eastern European cities.
Larson & Holz is regulated by the Financial Services Authority of St. Vincent & the Grenadines. Over the years, this broker has won various awards including the 2014 Best ECN/STP Broker, and KROUFR Awards 2015 among many others.
While this broker has not won any awards in relation to trading platforms ease of use, our analysis tells us that most users find them easy to use.
Larson and Holz offer three types of accounts namely Start Account, Standard Account, and Safe Account. The minimum deposit for the Start Account is $250 while that of the Standard and Safe accounts is $1000 and $10,000 respectively. The maximum leverage offered is 1:500.
For new traders, this broker offers a demo account that is fully equipped with the tools and resources to hone their trading skills. Also provided are trading contests to help upcoming and experienced traders to challenge each other.
Larson & Holz is currently offering a $100 no deposit bonus for new forex and CFD accounts until 31st December 2018.
When it comes to execution speeds, this broker stands out among the best making it ideal for scalping. The broker applies the STP/ECN model to ensure first execution speeds.
Larson & Holz line of products include Forex, stocks, CFDs, binaries options and cryptos. Regarding forex trading, this broker offers over 23 currency pairs.
The brokers offer CFDs on stock and popular cryptos such as Bitcoin and Ethereum. Even more interesting, Larson & Holz has its crypto known as LH-Coin. This broker gives traders access to the crypto market the same way they access the forex market.
Binary Options traders have a lot to gain from this platform given its fully equipped tools and features.
Unlike most brokers of its category, Larson & Holz is regulated by a single oversight body only, i.e. the Financial Services Authority of St. Vincent & the Grenadines.
The light regulation often raises concerns with new traders especially because Saint Vincent and the Grenadines is known as a haven for scam brokers.
While we cannot guarantee that you are safe with this broker, we believe there is no need to worry given the reputation they have built for the over 14 years they have been in operation.
Just like most brokers, Larson & Holz provides the MT4 trading platform. The platform is available in web-based format and app for Android and iOS. A binary trading tool is also available and can be downloaded as an add-on for MT4.
A simple guide for the installation and setup of these tools is available on the Larson & Holz website.
Also available are educational resources in the form of tutorial videos, e-books, and guides. The demo account is fully furnished with these resources, but users must register first to be allowed to use them.
As mentioned above, Larson & Holz provides both web-based and mobile apps based on MT4 and other trading tools. The mobile apps are native and available on Play Store and Apple Store.
For the record, MT4 trading platforms are usually equipped with advanced technical analysis and charting tools meaning that there are no additional applications to be installed. However, for binary traders, there is an add-on to the MT4.
Larson & Holz provides floating spreads starting from as low as 0 pips. The average daily spreads for majors such as the EUR/USD pair ranges from 1.6 to 2.1 pips while that of crosses is between 4.0 and 5.0 pips.
This broker also guarantees order executions without requotes and undue delays. Their commissions are also among the lowest in the industry starting from $6 for $100,000.
While this broker is at discretion to adjust spreads with changing market conditions, we did not find any complaints regarding them unjustifiably widening spreads during market events.
Deposits & Withdrawals
When it comes to deposits and withdrawal, this broker accepts multiple options. The accepted deposit methods include card/debit card, bank wire, Neteller, Union Pay, and Perfect Money. Likewise, withdrawals can be made with all of the above options apart from Neteller.
With Larson & Holz, deposits made through credit cards and e-money is credited into the traders account automatically. Deposits made through wire transfers takes typically 2 to 3 days.
Regarding withdrawals, the trader has an option to choose between an instant and manual method. For the manual method, the average wait time is 24 hours. Withdrawals through wire transfer will take 2 to 3 days. Larson & Holz does not provide information concerning deposit and withdrawal fees.
We did find some complaints about this broker delaying withdrawals beyond the expected time.
Larson & Holz provides round-the-clock customer support through email, phone, and live chat. The services are available in both English and Russian.
While email messages may take days or even weeks to get a reply, messages sent through their website contact page are answered within hours. Phone calls may take a few minutes to get connected to one of their agents.
A comprehensive FAQ page and other resources including guides and articles are available on their website.
Research & Education
Larson & Holz research and education center is among the most comprehensive in the industry. Registration is required to access most of the materials.
Their training center provides materials on forex trading, market analysis, trading psychology, and trading strategies. The lessons include videos, articles, and guides all geared towards beginner and experienced traders. This broker also offers frequent webinars to provide traders with industry updates.
Every month, Larson & Holz holds a traders' contest for accounts with over $100 in deposits. These contests are meant to help traders expand their money management and trading skills.
Larson & Holz offers a lot of value additions to traders including tools for high-frequency scalping. With this broker, you are likely to find all the tools and services provided by top industry leaders.
Even when they are lightly regulated, their trust score basing on online reviews by customers is high.
This broker also participates in charitable activities in collaboration with non-profit organizations such as UNICEF, International Red Cross, and SOS Children’s villages among many others.
From our analysis, we can comfortably say that this is a reputable broker. Their strongest points are in spreads offered and also the variety of trading assets and accounts. This broker is suitable for both beginners and experienced traders. We recommend that you give them a try.
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