Forex traders get access to forex markets with trading platforms. There are many online trading platforms including MT4, MT5, cTrader, and so on. Forex brokers give access to those trading platforms. Among the platforms, MT5 is the next version of metatrader 4. It is a multi-asset trading platform by MetaQuotes.
If you are a forex trader, and look for trading with an online offshore forex broker, you may come across LongHornFX. LongHornFX is a popular offshore forex broker that offers forex, metals, commodities, and indices trading online. Now the question comes if LongHornFX supports MT5. The answer is “NO” LongHornFX does not support MT5. In this blog post, we will discuss the trading platforms used by LongHornFX, alternative platforms, trading instruments, and so on.
Does LongHornFX Offer an MT5 Trading Platform?
No, LongHornFX does not offer an MT5 trading platform. It offers MT4 as its trading platform. MT4 is known for its user-friendly interface and comprehensive set of trading tools. This platform offers features such as advanced charting, technical analysis tools, automated trading capabilities through Expert Advisors (EAs), and access to a vast range of financial instruments.
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
What Trading platforms does LongHornFX use?
LongHornFX uses only the MT4 trading platform. You can use MT4 in a couple of versions. They include desktop, mobile, and tablet.
Alternatives of LongHornFX Trading Platforms
LongHornFX is a popular unregulated STP forex broker. However, there are other brokers that can serve as alternatives to LongHornFX. Some of the alternative brokers even offer MT5 Trading platform For example, Plexytrade offers both MT4 and MT5 Trading Platforms. These alternative brokers include
- Founded In: 2024
- Minimum Deposit: $50
- Maximum Leverage: 1:2000
- Regulations: None
- Trading Platforms: MT4, MT5
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded In: 2020
- Location: Comoros Union
- Minimum Deposit: $1
- Maximum Leverage: 1:1000
- Regulations: None
- Trading Platforms: MT5
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded In: 2017
- Minimum Deposit: $1
- Maximum Leverage: 1:1000
- Regulations: None ( Offshore forex broker)
- Trading Platforms: MT4, MT5
- Trading Instruments: forex, indices, commodities, shares, cryptocurrencies, precious metals
- Founded In: 2022
- Location: Bulgaria
- Minimum Deposit: $10
- Maximum Leverage: 1:1000
- Regulations: None
- Trading Platforms: MT5
- Trading Instruments: Forex, cryptos, commodities, indices and stocks CFDs
- Founded Year: 2020
- Location: Stamford Hill, Durban Kwa-Zulu Natal 4001.
- Minimum Deposit: $10
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading Platforms: MT5, TradeLocker
- Trading Instruments: CFDs on stock indices, various commodities, such as gold and silver, and a wide choice of FX pairs
Frequently Asked Questions (FAQs)
What is LongHornFX?
Established in 2020, LongHornFX is an online offshore forex and CFD broker. It gives access to various financial markets over 183 instruments, commodities, stocks, and indices. The broker offers restriction-free trading facilities with low spread and high leverage. To learn more about LonghornFX including features, pros, and cons, you can read our review on LonghornFX.
What is the MT5 Trading Platform?
Founded by Metaquotes, MT5 is a multi-asset trading platform. The broker offers advanced features for online trading. It provides tools for technical analysis, and algorithmic trading, and supports trading in various financial instruments.
What are the alternatives to MT5 Trading Platforms?
Some alternatives to MT5 trading platforms include:
- MT4 (MetaTrader 4): The predecessor to MT5, is widely used for its user-friendly interface and automated trading capabilities.
- cTrader: A platform known for advanced charting tools.
- TradingView: A web-based platform offering advanced charting and social trading features.
- ZuluTrade: A social trading platform that allows users to follow and copy the trades of experienced traders.
Final Verdict :
LongHornFX does not offer Metatrader 5 as their trading platform. Instead, it offers only MT4 as its trading platform.
MT4 is a widely used trading platform known for its user-friendly interface and advanced tools. It facilitates online trading in various financial markets, offering features like chart analysis, automated trading through Expert Advisors, and accessibility across multiple devices
Disclaimer: Trading Forex and CFDs comes with the risk of losing your trading capital. Furthermore, trading with offshore forex brokers like LongHornFX puts your funds at higher risks
