LonghornFX and HeroFX are two popular offshore forex and CFD brokers that offer online trading services to traders and investors worldwide. Both brokers accept U.S. clients and provide trading facilities with no FIFO rule, high leverage, low fees, and tight spreads without restrictions. Although these brokers offer similar services, each has its strengths and weaknesses.
In this article, we will compare and review LonghornFX and HeroFX by exploring their trading conditions, instruments, minimum deposits, fees, features, and customer support. This comparison and research will help you determine which broker is better suited to your trading style and preferences.
LonghornFX vs HeroFX: In a Nutshell
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
HeroFX
Founded in 2020, HeroFX is an online forex and CFD broker. It is an offshore forex broker that offers 100+ trading instruments including 71 forex pairs, 59 Stock CFDs, and 30 Cryptocurrencies. The broker allows all trading styles including scalping, hedging, news trading, etc. The maximum leverage of HeroFX is as high as 1:500.
HeroFX at a Glance
- Founded Year: 2020
- Location: Saint Lucia
- Minimum Deposit: $20
- Maximum Leverage: 1:500
- Regulations: None (Unregulated Offshore Broker)
- Trading platform: HX4, HX5
- Account Types: Zero, Pro, Prime
- Trading Style: Scalping, Hedging, Swing Trading, Day Trading, Automated Trading
- Payment Options: Crypto deposits and withdrawals
- US Traders: Accepted
LonghornFX vs HeroFX: Side By Side Comparison
LonghornFX vs HeroFX: Pros and Cons
LonghornFX Pros & Cons
- 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
- Unregulated Offshore Forex Broker
- Only Crypto Deposit and Withdrawal Option
- No Managed Account Options
HeroFX Pros & Cons
- Low Minimum Deposit- You may deposit as low as $20
- Allow Crypto CFD Trading
- Demo Accounts are Available
- Higher Leverage for US, and EU clients. Maximum leverage is as high as 1:500
- Allow Scalping, EA Trading, and News Trading
- HeroFX Accepts Crypto Deposits
- Unregulated offshore forex broker
- Limited Deposit and Withdrawal Option
- No Managed Account Options
Final Thoughts:
LongHornFX and HeroFX are unregulated offshore forex and CFD brokers in the industry. They offer similar trading services; they both allow scalping, hedging, EA trading, and Copy trading EA. The minimum order size for both of them is 0.01
However, there are a few areas where you may find some differences. For example, LongHornFX supports the MT4 trading platform. On the other hand, HeroFX supports Desktop Terminal, WebTrader, Trading App trading platforms. The minimum deposit for LongHornFX is $10, whereas the minimum deposit for HeroFX is $20. Additionally, the maximum leverage for LongHornFX is 500:1, while the maximum leverage for HeroFX is 500:1.
Our score for LongHornFX is 4.4, and for HeroFX, it is 4.5.So, If you are looking for a high-leverage offshore broker with Desktop Terminal, WebTrader, Trading App trading platform you may choose HeroFX. However, if you prefer not to use MT5, you may choose LongHornFX.
Disclaimer: Trading forex and CFDs comes with the risk of losing your trading capital. Moreover, trading with offshore forex brokers puts your funds at higher risks
