LongHornFX is a forex and CFD broker that provides online trading services globally. It is an offshore forex broker located in St. Vincent and the Grenadines. The broker offers 183+ instruments including Forex majors, crosses and exotics, Stocks, Cryptocurrencies, Indices, Metals, Energy. Being an unregulated forex broker enables LongHornFX to offer high leverage and unrestricted trading, which are often restricted in many regulated markets. However, the lack of regulation also exposes traders to potential risks. Despite this, many traders opt for LongHornFX due to its competitive trading condition, high leverage, and lower minimum deposit.
In this content, we will analyze and review LongHornFX, exploring its features, pros, and cons. We will also answer the most common questions people ask about LongHornFX. By reading this review, you will gain a better understanding of whether LongHornFX is the right broker for your trading needs and preferences.
What is LongHornFX?
Founded in 2020, LonghornFX is an online forex and CFD broker. It is an offshore forex broker that offers forex (major pairs, crosses, exotic pairs), cryptocurrencies, indices, metals, futures, commodities, and stock trading services to traders worldwide. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of LonghornFX is as high as 1:500.
LonghornFX at a Glance
- Founded Year: 2020
- Headquarters: Port-Louis, Mauritius
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: MT4
- Account Types:
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Bitcoin and Bitcoin via wire transfer or credit/debit card
- US Traders: Accepted
Key Features:
LongHornFX ECN Accounts are designed to meet the needs of retail traders in the forex and CFD markets. These accounts suit beginner traders, offering a straightforward and accessible trading experience with competitive spreads and reliable execution.
Key Features:
- Trading Instruments: 183+ instruments including Forex majors, crosses and exotics, Stocks, Cryptocurrencies, Indices, Metals, Energy
- Trading Platforms: Mt4
- Minimum Deposit: $10
- Maximum Leverage: Forex – 1:500 Metals – 1:500 Indices – 1:200 Energy – 1:100 Crypto – 1:100 Stocks – 1:20
- Trading Fees: Only Spread is charged (No Commission). Variable spreads from 1 pips. A rollover commission is applied on open positions overnight.
- Minimum Trade Size: 0.01 lot.
- Maximum Trade Size (Lot restriction per Ticket): 1000 Lots
- Funding Currencies: Bitcoin and Bitcoin via wire transfer or credit/debit card
- Maximum Number of Positions ( At a time): 200 for MT4, MT5 Live account, 100 for MT4, MT5, demo accounts, 2000 for Ctrader trading account.
- Maximum Volume per trade: The maximum volume per trade ranges from 50 to 250 lots, depending on the platform type and tradable assets. For Shares CFDs, the maximum volume is 1000 shares in total
- Trading Style Allowed: All including Scalping, hedging, News trading, and EA Trading.
- PAMM/ MAM: Available
- Stop Out Level (retail): 70%
- Margin Call Level: 100%
- Negative balance Protection: Yes
- Investor Protection: No investor protection is Available.
- Account Opening: Fully Online Account opening. It may take only 5 to 7 Minutes. The demo account has 30 days of validity.
- KYC Verification: Required
LongHornFX Pros and Cons
Pros:
- low Minimum Deposit – You may deposit as low as $10
- Allow Crypto CFD Trading
- Offers leverage as high as 1:500
- Offers MT4 Trading Platform
- Demo Accounts are Available
- Higher Leverage for US, and EU clients.
- Allow Scalping, EA Trading, and News Trading
- LonghornFX Accepts Crypto Deposits
Cons:
- Unregulated Offshore Forex Broker
- Only Crypto Deposit and Withdrawal Option
- No Managed Account Options
Our Ratings for LongHornFX:
Review and Reputation on Public Domains:
Public review sites like Trustpilot and Forex Peace Army have become important sources of information about brokers. Many traders share their real-life trading experiences on these platforms. However, there are also many fake or paid reviews on these platforms, and sometimes competitors leave negative reviews. This makes it challenging to find genuine reviews. By carefully reading the content and context of the reviews, you can often discern their authenticity. Do not blindly rely on these reviews; instead, use them as part of your overall broker research process
LongHornFX Ratings and Reviews from Trustpilot:
LongHornFX has earned a rating of 4.3 out of 5 on Trustpilot. These high ratings indicate customer satisfaction and trust. After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences.
LongHornFX Ratings and Reviews from Forex Peace Army:
LongHornFX has achieved an average rating of 3.9 out of 5 on Forex Peace Army (FPA). We’ve observed numerous brokers on FPA, and most brokers tend to have lower ratings. Several reasons might contribute to this. There is a complaint that FPA does not approve all positive reviews and only approves negative ones for the sake of their business. To understand the real reviews, traders should focus on the content of the reviews. Typically, fake, paid, or competitor reviews are generic. While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service.
Frequently Asked Questions
Is LongHornFX a Legit Broker? A variety of
LongHornFX is considered a good offshore forex broker and is registered in St. Vincent and the Grenadines. The broker offers a variety of trading instruments, including Forex majors, crosses and exotics, Stocks, Cryptocurrencies, Indices, Metals, Energy. However, the broker is not regulated or authorized by any regulatory authority. Due to this lack of regulation and the absence of available financial information, we do not recommend trading with LongHornFX.
Is LongHornFX regulated?
No, LongHornFX is not a regulated broker. It is an unregulated offshore forex broker which offers restriction-free trading facilities.
Does LongHornFX Offer CFD Trading?
Yes, LongHornFX offers CFD trading. CFD is a form of derivative trading that allows traders to speculate on the price movements of various financial instruments such as stocks, commodities, indices, and currencies, without actually owning the underlying asset. LongHornFX provides a variety of trading CFD instruments including Forex majors, crosses and exotics, Stocks, Cryptocurrencies, Indices, Metals, Energy.
Where is LongHornFX Located?
LongHornFX is located in St. Vincent and the Grenadines. St Vincent and the Grenadines is the home of many offshore forex brokers.
Does LongHornFX require KYC Verification?
Yes, LongHornFX requires KYC (Know Your Customer) verification. This process involves verifying the identity of its clients to comply with brokers’ requirements and ensure the security of the trading environment. Typically, this includes providing identification documents such as a passport or driver’s license, and proof of address, such as a utility bill or bank statement
Does LongHornFX payout?
Yes, LongHornFX does payout to its clients. Traders can withdraw their funds from LongHornFX using cryptocurrencies only. Payouts are processed within 24 hours. Once processed, it can take 1-6 hours, or as soon as there are 3-6 confirmations on the blockchain before the funds will be available in your crypto wallet
Is LongHornFX an ECN broker?
Yes, LongHornFX is an ECN forex broker.
What is the minimum deposit for LongHornFX?
The minimum deposit for LongHornFX is $10.
Conclusion:
LongHornFX is an offshore forex and CFD broker that offers online trading services to traders and investors worldwide. The broker provides a wide range of trading instruments, including Forex majors, crosses and exotics, Stocks, Cryptocurrencies, Indices, Metals, Energy. The broker’s spreads start from as low as 0.1 pips. LongHornFX offers high leverage (as high as 1:500 ) and a low minimum deposit (as low as $10). The restriction-free trading facilities, such as CFD trading, lower minimum deposit, and higher leverage, make LongHornFX a good choice for many traders.
However, the broker is not regulated by any regulatory authorities. Therefore, do your research and ensure you are comfortable with this. We only recommend brokers regulated by the relevant financial authorities.
