Lykke is a Swiss-based financial services provider that strives to bridge the gap between traditional finance and Blockchain whilst operating a commission-free exchange for digital assets and cryptocurrencies. The Exchange provides traders with a secure and feature-rich wallet to easily transfer and store their assets.
Lykke Review, Pros & Cons
- An advanced trading platform
- Multiple cryptocurrencies
- A selection of educational resources
- Unregulated exchange
- Cryptocurrency trading only
- No MetaTrader or cTrader platforms
- No live chat support
In this detailed Lykke review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
Lykke is a cryptocurrency exchange that allows clients to buy and sell a good variety of digital assets, such as bitcoin, litecoin, ethereum, ripple, and more, via the provided trading platforms. Traders are provided with a range of trading tools and learning materials, and they also get access to a secure wallet to store and transfer their assets. There is a responsive client support team to assist at any point.
Lykke Corp (Lykke AG) is registered in Zug, Switzerland with the identification number: CHE-345.258.499. Lykke Corp UK Limited is a company registered in England number 10093552. There is no regulatory information on the Exchange’s website at the moment.
Many experts and professionals would not trade with an unregulated broker as they cannot offer the same protection to investors that a regulated brokerage firm can. Please see our trading broker reviews for alternative regulated brokers.
The Exchange does not offer its services to residents of countries or jurisdictions where the use of such services would be contrary to local laws or regulations.
Some Lykke features and products mentioned within this Lykke review may not be available to traders from certain countries because of legal restrictions.
The Exchange provides traders with the Lykke trading platform, which is simple and easy-to-use, making it a platform for individuals who may be new to cryptocurrency trading. The platform provides users with a comprehensive trading dashboard that features live pricing information, an order book and trade log, and an interactive price/depth chart. There is also the Lykke wallet, which is available for download on Google play store and Apple play store. It functions like every other cryptocurrency wallet and allows you to invest and trade with the Exchange. Lykke offers its own Lykke Crypto Index (LyCI), a secure LyCI Service token, and a short LyCI option (Short LYCI). Both are designed to simplify the trading process and improve the functionality of the platform.
Lykke Trading Tools
Traders are provided with some useful trading tools, including the APIs to ensure a seamless trading process.
There is a selection of educational resources on the Exchange’s website to help traders improve their trading knowledge. They include trading blogs, market news, help center, and more.
The broker offers several digital assets, including bitcoin, ethereum, litecoin, ripple, and more.
Lykke Accounts & Fees
Clients are allowed to open a single live trading account to start trading with the Exchange.
As broker fees can vary and change, there may be additional fees that are not listed in this Lykke review. It is imperative to ensure that you check and understand all of the latest information before you open a Lykke broker account for online trading.
Lykke has a professional customer support team to answer any of your questions 24 hours a day. They can be reached through telephone, email, support ticket, and social media.
Lykke Deposit & Withdrawal
Traders can deposit and withdraw funds using any of the following payment methods: credit/debit cards, swift transfer, blockchain transfer, and more.
Lykke Account Opening
To open a trading account, click on the ’Create Free Account’ button, enter your email address, and check the dialogue box to confirm you are not a robot and hit the ‘Sign up’ button. Your login details will be sent to the provided email address, and you can then use them to access your account to complete your application.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
Lykke is a financial services provider with offices in Switzerland and the United Kingdom, providing traders with tools and competitive conditions to buy and sell several digital assets online. There is a collection of educational resources while a client support team is on hand to assist traders. They charge zero commissions and offer multiple payment options to clients. However, there is no regulatory information on the Exchange’s website at the moment which may be a concern for some potential traders.
Trading financial products involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary.