Score
Saint Vincent and the Grenadines
|
5-10 years
| https://www.longhornfx.com/
Website
Rating Index
Influence
C
Influence index NO.1
Georgia 3.37
LicensesNo valid regulatory information, please be aware of the risk!
Saint Vincent and the Grenadines
WikiResearch
longhornfx.com United Kingdom| 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 | 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 |
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!
LonghornFX offers different types of products, including forex, indices, commodities, stocks, and cryptos.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptos | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
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.
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 |
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 |
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.
LonghornFX is a broker with an odd name that doesn't exactly indicate that they provide financial services or products. The general impression of the website is positive; it appears to be properly designed, and it is easy to think that you are working with a reputable Forex broker. However, the nature of this entity places him much behind the competition. There are a few, but very important, qualities that should cause traders to exercise extreme caution before depositing funds with LonghornFX. For example, there is no phone number displayed, and you can't call them; instead, you must submit a callback request, which is a peculiar and unusual feature not found among legitimate Forex brokers.
We base all of our broker assessments on publicly available data and in-depth research of the organization. Our top objective is to present an unbiased perspective on the broker that can assist traders in making informed trading decisions. As a result, we open an account with a broker and evaluate their service, and we occasionally consult their management team for correct company information. To provide you with a comprehensive overview, we used the same criterion for the LonghornFX broker review.
The biggest con for me when reviewing LonghornFX is the lack of regulation. Without regulatory oversight, the risk increases significantly, especially for new traders. The lack of transparency is another issue—details about account types, withdrawal times, and fees are vague. Additionally, they don’t accept US clients, which limits access to certain markets. While the broker does offer a wide variety of payment methods, the absence of clear information about fees and withdrawals makes me hesitant. If you're considering longhornfx login, you should be aware of these potential drawbacks.
LonghornFX supports a variety of deposit methods, including MasterCard, VISA, Skrill, Neteller, wire transfer, and Bitcoin. However, they don’t specify the accepted currencies, nor do they provide clear details about any potential fees involved. From my perspective, while it’s good to have options, the lack of transparency is a downside. Before making a deposit, I’d want to get more specific information directly from their customer support.
LonghornFX offers a wide range of trading instruments. You can trade forex, indices, commodities, stocks, and cryptocurrencies. This variety is a huge plus for me since I like having a lot of options to diversify my portfolio. However, LonghornFX doesn’t offer bonds, ETFs, or options, which may be a deal-breaker for some traders looking for a broader range of instruments. If you’re considering signing up, take a look at their full longhornfx review to see if their instruments align with your trading strategy.
LonghornFX doesn’t provide specific withdrawal processing times on their site, which is something I’d be cautious about. Based on other brokers I've used, withdrawal times can vary depending on the method and the broker’s internal processing. Without clear information, I would expect that withdrawal times could be longer than expected, so I’d want to be prepared for that. It’s always a good idea to contact support for more details if you're planning to withdraw funds soon.
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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