Headquartered in Saint Vincent and the Grenadines, LonghornFX is a retail trading broker that gives traders access to over 150 tradable CFD instruments across multiple asset classes, including forex, commodities, indices, energies, cryptocurrencies, CFDs, and more. Trades are executed using the intuitive MetaTrader 4 trading platform, and there is a range of trading and learning tools to improve the trading experience. As a true ECN broker, they offer several favorable trading conditions, including rapid trade execution speeds, tight spreads, low commissions, leverage of up to1:500, and more. There is a knowledgeable client support team on hand to assist traders.
LonghornFX Review Introduction
In this LonghornFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including LonghornFX.
LonghornFX Platforms & Tools
LonghornFX provides clients with the user-friendly and fully customizable MetaTrader 4 (MT4) Platform. The MT4 has an intuitive interface with an abundance of built-in tools for conducting thorough chart analysis. Traders can automate their trading strategies using expert advisors. MT4 is available as a desktop application for Windows and Mac computers, a WebTrader that can run in most modern web browsers without the need to download or install any additional software, and a mobile app for iOS and Android devices. The mobile app makes it possible for traders to trade from anywhere and at any time, even on a train.
LonghornFX Research & Education
There is a vast array of educational resources on the broker’s website, which are designed to improve the trading expertise of clients. They come in the form of guides that cover various trading topics, such as leverage, trading platforms, and many more. There is also an FAQ section that offers instant answers to clients’ most common questions.
LonghornFX Trading Accounts
Traders are offered a single live trading account. Multiple accounts are not allowed for a single user. There is also the demo account, which enables beginner traders to acquaint themselves with the broker’s trading platforms and practice with virtual funds before opening a real trading account.
LonghornFX Account Funding
There is a choice of two payment methods available to LonghornFX clients for both account deposits and withdrawals. They include Bitcoin and Credit/Debit cards, and each has a different transaction processing time.
LonghornFX Customer Service
The broker’s client support team is available 24/7 to offer knowledgeable responses to clients’ general, technical, and account-related inquiries through Live Chat and email.
There is no regulatory information on the broker’s website at the moment, which can deter some prospective traders and investors from trading with them.
LonghornFX Review Summary
LonghornFX is an online trading broker that came into existence in 2020 and operates the STP/ECN execution model. They provide traders with the MT4 trading platform for trading different financial instruments. Traders benefit from a selection of trading and learning tools as well as a responsive customer support team. However, the broker is not regulated by any known financial authority at the moment; most experts would not want to trade with an unregulated broker as they do not offer the same level of protection as the regulated ones.
It is worth mentioning that some of the trading products and services in this LonghornFX review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the LonghornFX broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.