Lenno JSC Brokerage Funded Account
Lenno JSC is a financial services company with a difference. It allows traders to borrow funds to trade and invest. Traders do not need their own funds to grow in the trading and investing market.
The process begins by opening a brokerage account with Lenno. Through the brokerage account, traders can trade all the instruments they need. Lenno offers hundreds of CFDs to trade across commodities, shares, indices, cryptocurrencies, and forex.
Lenno is the first company in Europe that finances traders and investors. As soon as the account is opened, traders receive €50,000 directly into their account. This money can be used by traders to trade without investing their own capital.
Lenno also offers a free demo account to the traders. They can learn to trade the global markets before getting into the real game. The platform of Lenno is technologically advanced, simple, and reliable. It helps traders to learn by doing, without the need of a manual.
Lenno offers three types of accounts: Standard, Premium, and Infinity. The Standard account is a free trading account, with free deposits and withdrawals. Lenno charges a commission of €4.5 per lot on CFDs on forex and commodities, 0.99% on CFDs on cryptocurrencies. 0.2% commission on CFDs on indices and French and German shares, and €0.02 per share on CFDs on US shares.
On the other hand, the Premium account costs €49 per month and charges lower commission rates. For instance, the commission on CFDs on US shares is €0.015 per share and commission on CFDs on cryptocurrencies is 0.59%. The Premium account also provides access to daily analysis and trading ideas on FX Majors.
The Infinity Account costs €99 per month and charges further lower commissions. The commission rate on CFDs on US shares is €0.01 per share, and that on CFDs on cryptocurrencies is 0.29%. Members of Infinity plan also receive free VPS and free life insurance.