Forex LonghornFX Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.5

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.7

Business 1.0

Risk Control 1.3

Software 2.0

Regulatory 1.5

Terminal Snapshot

LonghornFX Trading Conditions

Registered Region Saint Vincent and the Grenadines

Operating Period 5-10 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email help@longhornfx.com

Contact Number N/A

Website www.longhornfx.com

Balanced Review

Pros & Cons

Pros

Low minimum deposit requirement of $10
High leverage options up to 1:500
Diverse range of trading instruments including 55+ currency pairs and 35+ crypto pairs
Utilizes the popular MetaTrader 4 trading platform
24/7 customer support availability via live chat and email

Cons

Not regulated by major financial authorities
Limited transparency regarding account types and withdrawal processes
Poor customer support responsiveness
Lack of comprehensive educational resources
Potential high risks associated with trading due to unregulated status

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	LonghornFX	Anzo Capital	Focus Markets	AvaTrade
Operating Period	5-10 years	See review	See review	See review
Region	Saint Vincent and the Grenadines	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.5/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does LonghornFX Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Live Account	All traders	Access to all trading instruments, low minimum deposit	Minimum deposit of $10 required
Demo Account	Beginners and practice traders	No time limit, identical conditions to live account	Available for unlimited practice

Account Opening Process

To open an account with LonghornFX, follow these steps: First, submit your personal information including your name, email address, and date of birth. Next, complete the identity verification process by providing an ID and proof of address. After verification, you can fund your account. LonghornFX allows flexibility in account types, enabling users to upgrade to a professional account later if desired.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.1	$6 per lot	Tight spreads for major pairs
CFDs (Stocks)	Varies	$6 per lot	Includes various assets
Cryptocurrencies (BTC/USD)	1.0%	$6 per lot	Variable depending on market conditions

Other Fees

LonghornFX does not charge deposit or withdrawal fees. However, clients may incur network fees for cryptocurrency transactions. Inactivity fees are not applicable, and there are no platform usage fees. Overnight interest or swap rates may apply for positions held overnight, depending on market conditions.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

LonghornFX User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Alex Johnson

New York, USA

★ ★ ★ ★ ★

I found LonghornFX to be quite frustrating. Their customer service is slow and unresponsive, which made it difficult when I had issues with my withdrawals. I experienced several technical glitches during trading sessions that led to significant losses. I wouldn’t recommend them based on my experience.

Maria Gonzalez

Madrid, Spain

★ ★ ★ ★ ★

My experience with LonghornFX has been largely positive. The MetaTrader 4 platform is user-friendly, and I’ve had no major issues with executing trades. The low minimum deposit is appealing, and I appreciate the range of trading instruments available. However, I wish there were more educational resources for beginners.

David Lee

Toronto, Canada

★ ★ ★ ★ ★

I had a terrible experience with LonghornFX. They promised quick returns on my investments, but after waiting for weeks to withdraw my funds, I realized I had been scammed. I lost a significant amount of money and their support team was unhelpful and dismissive. I strongly advise against using this broker.

Sophie Dubois

Paris, France

★ ★ ★ ★ ★

I’ve been trading with LonghornFX for several months now, and I’m very satisfied. The trading tools provided are excellent, and I’ve been able to make profits consistently. The quick deposit and withdrawal processes have been impressive, and I appreciate their 24/7 customer support. Overall, a great broker for both crypto and forex trading!

Saint Vincent and the Grenadines Market