Company Summary
| LonghornFXReview Summary | |
| Founded | 2020 |
| Registered Country/Region | South Africa |
| Regulation | No regulation |
| Market Instruments | Forex, indices, commodities, stocks, cryptos |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| EUR/USD Spread | 0.09 pips |
| Trading Platform | MT4 |
| Minimum Deposit | / |
| Customer Support | 24/7 support |
| Live chat | |
| Email: help@longhornfx.com | |
| Registered office: 73 Richards Park, Fife Street, Sandton, Johannesburg, Gauteng, 2090 | |
| Social media: Instagram, Twitter, Facebook | |
| Regional Restriction | The United States |
LonghornFX was registered in 2020 in South Africa, specializing in the forex, indices, commodities, stocks, and cryptos markets. It provides demo accounts and claims that the leverage can be up to 1:500. However, this company is not regulated, and it does not reveal details about accounts. Besides, it does not provide services to US residents.
Pros and Cons
| Pros | Cons |
| Demo accounts available | Lack of regulation |
| Popular payment options | Regional restrictions |
| MT4 supported | Lack of transparency |
| Multiple channels for customer support | |
| Diverse tradable assets |
Is LonghornFX Legit?
No, LonghornFX is not regulated by financial regulatory authorities in South Africa, which means the company lacks regulation from its registration site. Please note the potential risks!
What Can I Trade on LonghornFX?
LonghornFX offers different types of products, including forex, indices, commodities, stocks, and cryptos.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptos | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
The leverage can be up to 1:500, which is not low. LonghornFX does not reveal the leverage ratio of different account types on its official website, and it only gives a vague ratio. Traders need to consider carefully before investing, since high leverage is likely to bring high potential risks.
LonghornFX Spreads
The spreads vary in terms of trading assets.
| Types of Assets | Name | Spread |
| Forex | EUR/USD | 0.09 |
| Indices | Nikkei 225 | 7720 |
| Indices | S&P 500 | 789.9 |
| Commodities | Gold/US Dollar | 280 |
| Stocks | Apple | 270 |
| Cryptos | Bitcoin/US Dollar | 206179.9 |
Trading Platform
LonghornFX uses MT4 as its trading platform, which is a commonly used platform and is suitable for beginners.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | PC, web, mobile, mac | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
LonghornFX accepts different types of payment options: MasterCard, VISA, Skrill, Neteller, wire transfer, and Bitcoin. However, other details such as the accepted currencies, commission fees, and the processing time are not clear.
AJAO TOOSIN
Nigeria
am sharing you this because I have experienced how Long Horn FX scammed me,close to #16,000 I lost from this scamming app,they said I will be paid double of my investment with 3hours but it was a big lie,please stay away from them
Exposure
Fortenor
Australia
LonghornFX offers a good range of account types, including those suitable for beginners and experienced traders. Their spreads are competitive, and they provide a solid trading platform.
Positive
deardarling
Australia
I've been using LonghornFX and really like how easy it is to trade different things like stocks and crypto. The trading tools are great, and setting up was simple.
Positive
45676
Australia
Quick deposits and trades were a breeze. The Bitcoin transfer was very fast, impressive even. However, an issue came up with testing strategies with a Bitcoin account. The results I got were incorrect due to some calculation problem. Now, they've said they're working on a fix, so we'll see. Who knew trading could be such a mixed bag?
Neutral
多一份问候
New Zealand
Two stars, Longhorn FX’s customer service was slow and unresponsive. Besides, I have also experienced several technical glitches during trading sessions, which has resulted in significant losses.
Neutral
范志华
Hong Kong
To trade forex withLonghornFX, you must first create a simple account. Deposit only $10 and receive a high leverage ratio of 1:500. And then you can trade on the supreme MT4 platform. Excellent experience!
Positive
带上墨镜的我好酷！
Venezuela
To tell the truth, longhornfx website seems clear and professional to me and I am experiencing its services in the demo account... But I see in wikifx that this company is not under any effective regulation... Maybe I should not invest my money here !
Neutral
eleven13236
United Kingdom
Over a few months with them and have not encountered any problems. Their MT4 is a very good choice of platform. Also, their customer support gives me a very good impression, which is quite different from other brokers that I trade with before.
Positive