LHFX Review 2025

Pros

• LHFX excelled in testing with low fees, offering 0.0-pip spreads and a competitive $6 commission per lot. Its ECN model provides direct market access, tight spreads, and fast execution—ideal for scalpers and traders.
• Opening an account with LHFX is quick and requires only a $10 deposit, making it accessible for traders with limited funds.
• LHFX has improved its regulation by obtaining a license from South Africa's FSCA, enhancing its credibility with increased oversight.
• LHFX offers 24/7 customer service through live chat, email, a callback service, and social media platforms like Facebook, X, and Instagram. During tests, agent responses were quick, though often basic.

Cons

• LHFX supports only MT4, lacking add-ons available at firms like Admirals. Without alternatives like cTrader, TradingView, or a proprietary app, this limited selection may be restrictive for many traders.
• LHFX uses Bitcoin for deposits and withdrawals, so any USD, EUR, or GBP deposits are automatically converted to Bitcoin. This can be inconvenient for traders who prefer traditional banking options.
• LHFX is missing key research tools such as an economic calendar, trading calculators, and currency converters. We encountered error messages when accessing its market analysis.

Regulation & Trust

LHFX, formerly known as LonghornFX, is a forex broker operating under Longhorn Ltd, which is incorporated in Mauritius and regulated by the country’s bottom-tier Financial Services Commission (FSC).

EagleFX, another forex broker, officially merged with LHFX on March 28, 2025. All EagleFX client accounts and funds have been securely migrated to LHFX.

In 2025, LHFX also secured authorization from South Africa’s middle-tier Financial Sector Conduct Authority (FSCA). However, LHFX is not authorized by the UK’s top-tier Financial Conduct Authority (FCA) or any EU authority, meaning its services fall outside the EU and UK regulatory frameworks.

This means you have limited legal recourse if issues arise. Compensation schemes may not protect your funds, and the broker can operate with looser standards around transparency, client fund segregation, and dispute resolution. This significantly increases risk, especially for retail traders.

For former EagleFX clients, it’s important to note that LHFX offers similar trading conditions, including high leverage up to 1:500 and MetaTrader 4 (MT4) support.

However, the broker’s regulatory status differs, and you should exercise caution and conduct thorough due diligence before engaging with its services.

Accounts & Banking

Live Accounts

Opening a live account with LHFX is quick and hassle-free—it only took a few minutes during testing.

However, once you have entered the platform, one thing becomes clear: LHFX only offers a single ECN account type, regardless of how much you deposit or how frequently you trade.

This lack of account variety means all traders—whether beginners or high-volume professionals—are subject to the same trading conditions.

The broker does provide high leverage up to 1:500, which may appeal if you like aggressive risk/reward setups.

Still, unlike brokers like IC Markets, which lets you choose between a Standard (zero commission, wider spreads) and a Raw account (tight spreads with commission), LHFX’s one-size-fits-all model feels limiting.

On the plus side, LHFX does accommodate Islamic traders with swap-free accounts that charge a fixed admin fee instead of overnight interest.

Demo Accounts

Setting up a demo account with LHFX is equally straightforward and beginner-friendly.

One standout feature is that you can create unlimited demo accounts that don’t expire, which is great for long-term practice and strategy testing.

Many brokers we’ve tested cut off access after a set period—such as 30 or 90 days— giving LHFX an edge.

That said, the experience isn’t without friction. You can’t manage demo settings—like balance top-ups or leverage changes—directly from the client dashboard.

Instead, any changes require creating a fresh demo account within the MT4 platform. This process quickly becomes tedious when I’m testing multiple strategies or scenarios.

In comparison, platforms like IC Markets offer much more flexibility. It lets you modify your demo account’s balance and leverage with just a few clicks.

Deposits & Withdrawals

Depositing funds into LHFX involves more than traditional brokers, as it exclusively uses Bitcoin transactions.

When I access the deposit section in my account, I am given two options: send Bitcoin directly or purchase it through a third-party service called Instacoins.

If you already hold Bitcoin, the process is relatively simple. You enter the amount and click ‘Deposit Funds.’ LHFX then generates a one-time-use BTC wallet address valid for 15 minutes.

Once the transfer is confirmed, the funds appear in your trading account. You’ll get a new wallet address for every deposit, so reusing the same one isn’t possible—something to keep in mind for future funding.

If you don’t already own Bitcoin, LHFX redirects you to Instacoins, where you can buy Bitcoin using a credit card, debit card, or bank wire transfer.

It’s convenient in theory, but you’re relying on a separate service, which can come with extra fees and wait times—sometimes up to six hours, from my experience.

While using Bitcoin does offer global accessibility and fast withdrawals (mine arrived within two hours), it adds extra complexity.

Managing crypto wallets and navigating fluctuating Bitcoin transaction fees might be off-putting if you’re used to the simplicity of fiat methods.

On the upside, LHFX has a low $10 minimum deposit and doesn’t charge deposit or withdrawal fees directly. Any third-party charges—especially from Instacoins—can eat into your funds.

If you’re uncomfortable with crypto, the funding process may feel more of a barrier than a benefit.

Assets & Markets

LHFX focuses primarily on forex and CFD trading, but its overall asset selection is relatively narrow compared to that of more diversified brokers.

Notably, it doesn’t offer access to real stocks, ETFs or options—assets many modern traders look for to round out their portfolios.

Regarding forex, you can access over 55 currency pairs, including majors, minors, and a few exotic options. That’s a solid offering for most retail traders, though it’s still behind brokers like CMC Markets, which offers more than 300 forex pairs.

On the crypto side, LHFX offers over 30 crypto pairs, such as Bitcoin, Ethereum and Litecoin. This is a larger selection than you’ll find at many traditional brokers, but it lacks the variety and trading tools offered by dedicated crypto exchanges like Kraken.

For those interested in equities, LHFX offers CFD trading on roughly 75 major stocks from the US, UK and EU markets, such as Amazon, Netflix and LVMH.

It’s a decent sampling of big names but still limited in scope if you’re after more depth or international exposure.

Indices coverage includes over 10 global benchmarks, such as the S&P 500, FTSE 100 and Nikkei 225. Commodities are limited to a handful—mainly gold, silver, platinum and oil—with no agricultural products like wheat or orange juice.

While LHFX does a decent job covering the essentials—especially in forex and crypto—the lack of variety may leave active traders wanting more.

Fees & Costs

Based on testing, LHFX delivers competitive pricing thanks to its ECN model, which gives you direct access to the market.

Spreads are relatively low, starting around 0.7 pips on major pairs like EUR/USD. While that’s not the tightest in the industry, it’s solid for most retail traders.

Commission fees are straightforward—$6 per lot round-turn—which puts LHFX in line with other cost-effective ECN brokers we’ve tested.

Swap fees also seem reasonably priced, making overall trading costs predictable and manageable, especially for short- to medium-term traders.

One area where LHFX stands out is in transaction fees. Both deposits and withdrawals are free. From my experience, fund transfers are typically processed within 30 minutes.

That speed is a nice bonus compared to other brokers, who charge processing fees or take a day or more to handle transactions.

Having said that, the broker does apply a $10 monthly inactivity fee if your account is inactive for 90 days. It’s not unusual—eToro charges the same fee, though only after 12 months of no activity—but it’s something to be aware of if you don’t trade regularly.

Pepperstone, on the other hand, has no inactivity fees at all.

Platforms & Tools

LHFX supports only MT4 as its trading platform, a familiar third-party environment for many forex traders.

MT4 has long been favored for its stability and broad compatibility across desktop, web and mobile, making it a dependable choice—especially if you’re already used to its layout and features.

The platform covers robust charting, technical indicators, and support for automated trading through Expert Advisors (EAs).

Placing trades on MT4 feels intuitive from our hands-on use, though the interface definitely shows its age.

LHFX offers the popular MT4 trading platform for desktops, web browsers and mobile devices

After logging in with the credentials provided by LHFX, I can browse available assets in the ‘Market Watch’ window, then open a trade simply by right-clicking an instrument like GBP/JPY and selecting ‘New Order.’

The trade setup window then lets me adjust volume, choose between instant execution or pending order, and immediately set stop loss and take profit levels. Once placed, I find trades are easy to monitor and close from the ‘Terminal’ tab.

However, there are trade-offs. Unlike brokers such as Pepperstone, which give you access to multiple platforms like MT5, cTrader and TradingView, LHFX’s MT4-only approach might feel restrictive—especially if you’re looking for more advanced charting, multi-asset support or a sleeker interface.

MT4’s tools are solid, but more experienced traders may find customization or modern visual features lacking.

Research

LHFX’s website offers a ‘Trading Analysis’ section updated regularly with daily technical insights. This is a helpful resource for staying on top of market trends.

Beyond that, LHFX falls short when it comes to research tools. There’s no built-in economic calendar, trading calculators, currency converters, or market screeners—tools that many traders rely on for decision-making.

LHFX’s website provides interesting daily market insights

It also lacks integration with third-party analysis providers like Trading Central, Autochartist, or Signal Center, which many brokers now offer to enhance their clients’ trading insights.

By comparison, brokers like Pepperstone deliver a much more comprehensive research environment. It offers in-house analysis and partners with well-known external providers, giving you access to actionable signals, forecasts and educational materials—all in one place.

Education

LHFX’s ‘Education’ section on its website is limited, especially if you’re starting or looking to expand your trading knowledge.

The page contains only about 10 articles, and some haven’t been updated since August 2023.

LHFX’s educational resources are limited with minimal updates

While it covers basics like spreads and leverage, the content feels more like an introduction than a fully developed learning platform. If you seek timely, in-depth guidance, it may fall short.

I find the material clear but quite basic. There is no multimedia content, such as videos, interactive courses, or webinars—features that many modern brokers now consider standard.

There’s also no structured learning path or beginner-to-advanced progression, which can leave newer traders unsure of what to explore next.

In contrast, brokers like AvaTrade excel in this area, offering a full suite of educational tools—from video tutorials and eBooks to trading glossaries and strategy guides.

If education is your top priority, LHFX may feel more like a starting point than a complete learning hub.

Customer Support

LHFX provides 24/7 customer support, a definite plus for traders in different time zones or those who trade on weekends.

Support is available through live chat, email, callback requests, and social media, giving you several ways to get assistance, depending on your preference.

I find the live chat option the quickest way to get a response. It’s easily accessible from both the client dashboard and the main website, and support agents typically reply within a minute or two.

While the responses are friendly and helpful, they can sometimes feel generic—especially if my question goes beyond basic platform functions or account setup.

Email support is slower but tends to provide more thoughtful replies. When I contacted the broker with questions about withdrawals and account management, I received a detailed response within a few hours that addressed everything I needed. That said, it’s not ideal for more urgent matters.

One drawback is the lack of a direct phone support line. Instead, LHFX uses a callback system. I requested a callback during testing and did receive one within the promised timeframe.

Still, it doesn’t offer the immediacy or flexibility of a dedicated phone line you can call anytime. This may be frustrating if you need help with something time-sensitive.

As for social media, LHFX maintains an active presence on platforms like Facebook, X and Instagram. While I haven’t personally used these for support, they help stay up to date with announcements and updates.

Should You Trade With LHFX?

LHFX best suits seasoned traders familiar with crypto transactions looking for tight spreads through an ECN model.

However, the platform operates outside of major regulatory jurisdictions, which may be a concern if you prioritize strong oversight and investor protections.

In addition, relying on Bitcoin for deposits and withdrawals can feel limiting or inconvenient, especially if you prefer using more traditional methods like bank transfers or bank cards.

LHFX may suit confident, self-directed traders comfortable with crypto and offshore environments, but it’s less ideal if you’re looking for robust regulation, fiat flexibility, or a more traditional broker experience.

Article Sources

• • LHFX Webite

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