LonghornFX Review 2025

Pros

• LonghornFX provides round-the-clock support for traders, which was proven to be fast and efficient. In addition, they offer an extensive educational resource, including over 1,650 market analysis articles, 10 education-oriented articles and 4 video tutorials.
• LonghornFX offers an unlimited demo account with virtual funds, enabling new traders to practice and perfect their strategies before using real money.
• Traders can use high leverage up to 1:500 that would increase both gains and losses on forex, stocks, indices, and cryptocurrencies, while giving up some regulatory protections.

Cons

• LonghornFX, despite decent everyday market analysis, doesn't offer the webinars, live trading, and extensive research provided by top brokers. These missing features could aid traders in making better trading decisions.
• LonghornFX doesn't have the same trusted reputation or regulatory credentials as the top trading platforms recommended by Trading.com. This could make your funds more vulnerable in case of disagreements or if the broker goes bankrupt.
• The limited selection of fewer than 200 trading instruments significantly restricts trading opportunities. The offering of stocks is particularly poor when compared to IG's portfolio of over 12,000 shares.

LonghornFX, a multi-asset ECN broker, offers trading on the MetaTrader 4 platform. Traders enjoy up to 1:500 leverage, unlimited demo accounts, and Bitcoin transactions. We’ll explore the broker’s regulation, login security, deposit and withdrawal details, and the advantages and disadvantages of trading with LonghornFX.

Company Details

LonghornFX, founded in 2020 and based in Saint Vincent and the Grenadines, excels as a true ECN broker. Traders enjoy Direct Market Access through Straight Through Processing, benefiting from tight spreads, low commissions, and swap fees. With over 150 assets like stocks, indices, cryptocurrencies, commodities, and forex pairs, LonghornFX offers diverse trading opportunities. The broker ensures easy access with 24/7 support and no minimum deposit requirement, appealing to beginners. However, it lacks regulation by a trusted financial authority.

Trading Platform

LonghornFX specializes in offering the MetaTrader 4 (MT4) platform, ideal for both new and experienced traders. Available for desktop, web browsers, and mobile apps, MT4 provides comprehensive tools for technical analysis, trading, and charting. Key features include:

• VPS hosting
• Nine timeframes
• One-click trading
• Three order execution types
• 30 built-in technical indicators
• Hedging and scalping allowed
• Customizable charts
• Four pending order types with trailing stops
• Access to Expert Advisors or custom algorithms

Here’s how to execute trades with LonghornFX:

1. Download MT4 or log in via WebTrader or the mobile app.
2. Select your desired asset using the drop-down menu or search bar.
3. Click ‘new order’ from the top navigation bar.
4. A ‘new order’ screen appears.
5. Enter trade details like volume, order type, and risk management.
6. Decide on ‘buy’ or ‘sell’.
7. Confirm the order.

Trading with LonghornFX is straightforward and efficient, providing the necessary tools for smart trading decisions.

Assets & Markets

LonghornFX provides access to over 150 instruments globally:

• Trade US Dollar futures.
• Invest in precious metals and energies like UK and US Oil.
• Trade over 60 stocks, including Tesla and Amazon.
• Engage with major indices like the FTSE 100 and S&P 500.
• Speculate on over 50 currency pairs such as EUR/USD and GBP/USD.
• Take crypto positions on 35 digital currencies, like BTC/USD and ETH/USD.

Spreads & Fees

LonghornFX offers tight floating spreads with institutional-grade liquidity. We found the EUR/USD pair at a 0.6 pip spread and US Oil CFDs at 0.8 pips. A $6 commission per lot traded applies. Opening an account and inactivity are free of charge.

LonghornFX Leverage

LonghornFX excels in offering substantial trading opportunities, thanks to its lack of regulatory oversight. Here’s a quick look at their leverage offerings by instrument:

• Forex – 1:500
• Metals – 1:500
• Stocks – 1:20
• Energies – 1:200
• Indices – 1:200
• Cryptocurrencies – 1:100

The margin call is set at 100%, with a stop-out level of 70%.

Mobile App

LonghornFX lacks its own mobile app. However, the MT4 terminal works on mobile and tablet devices. You can download it for free on iOS and Android. Manage your account, open and close positions, and customize charts on the go. Set up price alerts and get notifications. Enjoy all order types, financial news, and an in-app chat feature.

Payment Methods

Deposits

Deposit funds at LonghornFX using Bitcoin, Instacoins, bank transfers, or credit/debit cards. You can start with no minimum deposit. But, it’s advisable to deposit at least $10. Specific methods have their own minimums: $10 for Bitcoin and $50 for cards. LonghornFX does not charge deposit or withdrawal fees, but third-party fees may apply. Credit card funding is often instant, while crypto depends on network times.

Withdrawals

Withdrawals are handled in Bitcoin with a minimum amount of $10. There’s a 0.0005 BTC fee for each transaction due to blockchain costs. LonghornFX processes withdrawals the same day, typically completed in about an hour, depending on blockchain speed.

Demo Account

LonghornFX provides a free demo account to practice trading risk-free, ideal for testing strategies and exploring platform features. Retail traders can enjoy flexible leverage and unlimited virtual funds.

How To Open An MT4 WebTrader Demo Account

After registering, request the demo from the client dashboard by selecting ‘Demo Accounts’. Then, choose a platform: WebTrader, MT4 for Windows, or mobile.

1. Click the embedded link to open the WebTrader
2. An ‘Open Account’ window will appear
3. Enter your name, email, and account type
4. Select your virtual balance size
5. Choose the leverage ratio
6. Click ‘Next’
7. Note your registration details displayed on the screen
8. Select ‘Complete’

Deals & Promotions

LonghornFX doesn’t provide bonuses or financial incentives. However, it offers competitive trading conditions with tight spreads and flexible leverage. No referral schemes, rewards, or contests are currently available.

Regulation & Licensing

LonghornFX operates under Longhorn LLC, registered in St Vincent and the Grenadines. It lacks regulation by top financial authorities like the SEC or FCA. This may affect the level of protection offered compared to licensed brands. However, it’s reassuring that LonghornFX complies with Anti-Money Laundering and Counter-Terrorism Financing protocols.

Additional Features

LonghornFX offers basic educational resources and trading guides, though many are outdated. We found price trend analysis and educational articles, but they need regular updates. Integrated YouTube videos help new traders get started, covering deposits, account setup, and MetaTrader 4 mobile app usage.

Account Types

LonghornFX provides a single retail trading account with flexibility. You can choose your leverage and account currency in USD, GBP, EUR, or BTC. Trade from 0.01 to 1000 lots. Islamic accounts are swap-free and available at sign-up.

How To Open A LonghornFX Account

1. Click the ‘Sign Up’ icon on the website’s top-right corner
2. Fill in your name and email
3. Confirm your account via the email link
4. Access your trading dashboard to complete registration
5. Verify your phone number
6. Add funds
7. Create a MetaTrader account
8. Check account details and start trading

You must deposit to open a live trading account.

Trading Hours

LonghornFX’s trading servers run on GMT+3, aligned with the MT4 platform. Trading hours differ by instrument. Stock markets usually operate 9:30 AM to 4 PM local time, Monday to Friday. However, cryptocurrencies are available 24/7.

Customer Service Review

LonghornFX provides 24/7 customer support. Traders can reach them by email at help@longhornfx.com or use the quick live chat option. Our live chat test showed a response in under a minute. For common questions, visit the FAQ section covering trading accounts, payments, MetaTrader 4, and affiliate program details. LonghornFX is active on social media like Twitter and Facebook.

Security & Safety

LonghornFX securely stores client funds in cold storage, keeping them separate from company money. This offline vault ensures maximum security.

The MetaTrader platform enhances security by encrypting transactional data and hiding IP addresses during trades. RSA digital signatures add an extra layer of protection.

Experts suggest using two-factor authentication. This adds security by generating a unique code on your preferred authenticator app.

If technical errors or platform faults cause a loss, LonghornFX may reimburse traders after investigating the issue.

LonghornFX Verdict

LonghornFX is a multi-asset broker offering low minimum deposits, flexible leverage, and direct market access. The MetaTrader 4 terminal and unlimited demo accounts cater well to beginners. However, be cautious of LonghornFX’s unregulated status, as it might lack the safety features of regulated brands.

Alternatives To LonghornFX

These similar brokers are the highest rated alternatives to LonghornFX.