Larson & Holz describes itself as a brokerage that specializes in forex, CFD and binary options trading. The broker claims to offer Dealing Desk (DD) and Non-Dealing Desk (NDD) models with ECN accounts through the MetaTrader 5 (MT5) platform. The company also claims to offer competitive spreads and high execution speed, a wide variety of instruments, profitable bonus programs and a convenient withdrawal and deposit process. You can open a live account with USD 250, and the brokerage company promises to compensate all transaction commissions, if any.
The website is owned and operated by Larson & Holz IT Limited was established in 2004. The company is now registered in St. Vincent and the Grenadines and claims to provide access to Forex and CFD markets to over 70,000 new and experienced traders It is not entirely clear from the website what regulatory licenses the broker holds. In 2012, Larson & Holz IT Ltd claimed to be applying for an international license from the Financial Services Commission of the British Virgin Islands (FSC BVI), without giving any specific additional information. Most likely, the company does not hold any license to provide brokerage and financial services, so be careful when interacting with it.
You can trade CFDs on currency pairs, stocks, commodities, and binary options at Larson & Holz. Assets include:
24 currency pairs, with the average EUR/USD spread being 1.2 pips. A commission of USD 6 is charged per USD 100,000, which drops to USD 1 for larger trade volumes.
75 CFDs on US stocks, with the spread for Apple being USD 0.30.
10 commodities including Gold, Coffee, and Oil.
Larson & Holz offers two types of accounts: Classic (Dealing Desk) and NDD (Non-Dealing Desk). Each account comes with 3 types of sub-accounts: Start, Standard and Pro.
The Classic Start account requires a minimum deposit of USD 250 and a trade size of 0.01 lot. The Standard account is recommended by the company for more aggressive trading. It offers up to 5% interest, requires a minimum deposit of USD 1,000 and a trade size of 0.1 lot. The Pro account offers annual interest of up to 10%. The minimum deposit is USD 10,000 and the minimum trade size is 1 lot.
Leverage for currency pairs is limited to 1:100 and can be reduced to 1:1 if desired. For shares, the limit is 1:10, and for goods, the leverage is 1:50. Leverage also depends on your account balance. For balances up to USD 1,000, leverage up to 1:500 is available. For balances between USD 1,000 and USD 10,000, leverage can be up to 1:200. Leverage for traders from Europe complies with ESMA rules and is 1:30 for currency pairs.
Larson & Holz offers the MetaTrader 5 (MT5) platform, the successor to the popular MetaTrader 4. The software is easy to navigate for both beginners and experts. Traders can track price movements using 80 custom indicators and chart objects, with detailed analysis possible for 21 different time frames. Traders can also use real-time market signals and a built-in economic calendar.
Deposits and withdrawals can be made by bank transfer, credit card (Visa and Mastercard) and some electronic payment methods, including Alipay and Easy Pay. Deposits are made in USD and withdrawals can be made in any currency. Processing time is 24 hours for all methods except bank transfer which takes 2-3 days. Deposit commissions are fully compensated for other methods and can be used as bonus funds. Withdrawal costs are 2.5% for credit cards and 6% for all other methods.