LHV Pank review

The stated minimum deposit is $5,000. That hurdle comes first for most people, and it sits well above the site median of €4.64, with the upper quartile of comparable brands at €87.70. The account belongs to the bank, AS LHV Pank, rather than a separate trading entity.

A stock trade costs €9 per deal. That is high next to the site median of €0, and the ranking places LHV Pank at 156 of 161. Traders running many small orders will feel the cost far more than occasional buyers.

LHV Pank is supervised by Estonian Financial Supervision Authority (EFSA), and investor protection is recorded as EU ICS up to EUR 20,000. The bank was founded in 1999 and is headquartered in Estonia, so balances sit with an established bank rather than an offshore firm. The same authority is named against the crypto registration MiCA CASP 529900GJOSVHI055QR67.

The listed markets are stocks, forex and options, so a single account spans shares, currencies, options, futures, bonds, funds and digital assets. Crypto and a mobile app both appear in crypto and mobile app. One balance can move across the whole list without opening separate accounts elsewhere.

Trading runs on LHV Trader and LHV Broker, the bank's own tools, alongside the deposit account. Because the account covers stocks, forex and options, the same balance serves equities and the wider asset list. A mobile app is listed among the features, which covers most orders placed away from a desk.

Support is listed as email and phone, so phone and email are the documented routes. There is no live chat in that list, which matters for positions held outside Estonian banking hours, when a quick answer on an open trade is useful.

Cost is the gap. eToro lists a stock trade fee of $0 against €9 here, and CFI opens at a minimum deposit of $0 against $5,000 for LHV Pank. Vantage is another low entry option at $5, so bank backing is what the higher entry cost buys.

Losses are common across the industry: the site median is 70.15%, rising to 72.13% across forex brands and 72.03% across stock brands. A broad market list and a bank balance sheet do not change that arithmetic.