LHV vs mBank 2026: Which Broker is Better?
Choosing between LHV and mBank depends on your trading style, preferred markets, and budget. LHV is headquartered in Tallinn, Estonia, while mBank operates from Warsaw, Poland. LHV has the longer track record, established in 1999, compared to mBank which was founded in 2000. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
LHV
mBank
| LHV | mBank | |
|---|---|---|
| BrokerRank Score | 3.5/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:5 | 1:5 |
| Regulation | Finantsinspektsioon, FCA ✓ | KNF |
| Platforms | Proprietary Web, Proprietary Mobile, LHV Broker | Proprietary Web, Proprietary Mobile, mBank Trader |
LHV is the better choice overall, scoring 3.5/5 vs 3.4/5 on BrokerRank's independent rating. On fees, LHV offers lower spreads (0 pips).
See full side-by-side comparison belowLHV vs mBank: Key Differences
LHV
WinnermBank
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Fees Comparison
LHV
Lower feesmBank
Regulation & Trust
LHV holds licences from FCA, Finantsinspektsioon. mBank is regulated by KNF.
Markets & Assets
Both brokers offer access to Stocks, Etf, Indices markets. LHV additionally covers Crypto. mBank adds Cfd, Forex.
Trading Platforms
LHV supports Proprietary Web, Proprietary Mobile, LHV Broker. mBank offers Proprietary Web, Proprietary Mobile, mBank Trader. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
LHV requires no minimum deposit, while mBank sets no minimum deposit. This makes LHV accessible to traders with any budget.
Overall Ratings
BrokerRank scores LHV at 3.36/5 and mBank at 3.27/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. LHV leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
LHV
3.5/5
Choose LHV if you want…
- Higher overall rating (3.5/5)
- No per-trade commission
- More regulatory licences (2)
- More established (est. 1999)
mBank
3.4/5
Choose mBank if you want…
- More market types (5)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both LHV & mBank are available in
Frequently Asked Questions
1Is LHV better than mBank?
LHV scores higher overall on our independent rating system. LHV holds a 3.5/5 rating vs mBank's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, LHV or mBank?
LHV offers spreads from 0 pips, while mBank starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for LHV vs mBank?
LHV requires a minimum deposit of $0. mBank requires $0.
4Which broker is safer, LHV or mBank?
LHV is regulated by Finantsinspektsioon, FCA, while mBank holds licences from KNF.
5What trading platforms do LHV and mBank support?
LHV supports Proprietary Web, Proprietary Mobile, LHV Broker. mBank supports Proprietary Web, Proprietary Mobile, mBank Trader.
6Can I use both LHV and mBank?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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