Score

1.50 /10
Danger

LonghornFX

Saint Vincent and the Grenadines

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.92

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

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40G

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Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
LonghornFX
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Broker Information

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Company Name

Longhorn LLC

Company Abbreviation

LonghornFX

Platform registered country and region

Saint Vincent and the Grenadines

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2025-04-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
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LonghornFX · Company summary
LonghornFXReview Summary
Founded2020
Registered Country/RegionSouth Africa
RegulationNo regulation
Market InstrumentsForex, indices, commodities, stocks, cryptos
Demo Account
LeverageUp to 1:500
EUR/USD Spread0.09 pips
Trading PlatformMT4
Minimum Deposit/
Customer Support24/7 support
Live chat
Email: help@longhornfx.com
Registered office: 73 Richards Park, Fife Street, Sandton, Johannesburg, Gauteng, 2090
Social media: Instagram, Twitter, Facebook
Regional RestrictionThe United States

LonghornFX was registered in 2020 in South Africa, specializing in the forex, indices, commodities, stocks, and cryptos markets. It provides demo accounts and claims that the leverage can be up to 1:500. However, this company is not regulated, and it does not reveal details about accounts. Besides, it does not provide services to US residents.

LonghornFX's homepage

Pros and Cons

Pros Cons
Demo accounts availableLack of regulation
Popular payment optionsRegional restrictions
MT4 supportedLack of transparency
Multiple channels for customer support
Diverse tradable assets

Is LonghornFX Legit?

No, LonghornFX is not regulated by financial regulatory authorities in South Africa, which means the company lacks regulation from its registration site. Please note the potential risks!

No license
Domain information

What Can I Trade on LonghornFX?

LonghornFX offers different types of products, including forex, indices, commodities, stocks, and cryptos.

Tradable Instruments Supported
Forex
Commodities
Indices
Stocks
Cryptos
Bonds
Options
ETFs
What Can I Trade on LonghornFX?

Leverage

The leverage can be up to 1:500, which is not low. LonghornFX does not reveal the leverage ratio of different account types on its official website, and it only gives a vague ratio. Traders need to consider carefully before investing, since high leverage is likely to bring high potential risks.

Leverage

LonghornFX Spreads

The spreads vary in terms of trading assets.

Types of AssetsName Spread
ForexEUR/USD0.09
IndicesNikkei 2257720
IndicesS&P 500789.9
CommoditiesGold/US Dollar280
StocksApple270
CryptosBitcoin/US Dollar206179.9
LonghornFX Spreads
LonghornFX Spreads

Trading Platform

LonghornFX uses MT4 as its trading platform, which is a commonly used platform and is suitable for beginners.

Trading PlatformSupported Available Devices Suitable for
MT4PC, web, mobile, macBeginners
MT5/Experienced traders
MT4

Deposit and Withdrawal

LonghornFX accepts different types of payment options: MasterCard, VISA, Skrill, Neteller, wire transfer, and Bitcoin. However, other details such as the accepted currencies, commission fees, and the processing time are not clear.

Deposit and Withdrawal

News

NewsWikiFX report: LonghornFX review – 5 things you should know about longhornfx.com

LonghornFX is a broker with an odd name that doesn't exactly indicate that they provide financial services or products. The general impression of the website is positive; it appears to be properly designed, and it is easy to think that you are working with a reputable Forex broker. However, the nature of this entity places him much behind the competition. There are a few, but very important, qualities that should cause traders to exercise extreme caution before depositing funds with LonghornFX. For example, there is no phone number displayed, and you can't call them; instead, you must submit a callback request, which is a peculiar and unusual feature not found among legitimate Forex brokers.

WikiFX
2022-04-05 13:03
WikiFX report: LonghornFX review – 5 things you should know about longhornfx.com

NewsLonghornFX Review & Rating 2022

We base all of our broker assessments on publicly available data and in-depth research of the organization. Our top objective is to present an unbiased perspective on the broker that can assist traders in making informed trading decisions. As a result, we open an account with a broker and evaluate their service, and we occasionally consult their management team for correct company information. To provide you with a comprehensive overview, we used the same criterion for the LonghornFX broker review.

WikiFX
2022-04-05 12:59
LonghornFX Review & Rating 2022

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带上墨镜的我好酷!
more than one year
A decir verdad, me parece clara y profesional la pagina web de longhornfx y estoy experimentando sus servicios en la cuenta demo... Pero veo en wikifx que esta empresa no está bajo ninguna regulacion efectiva... Tal vez no debo invertir mi dinero aquí!
A decir verdad, me parece clara y profesional la pagina web de longhornfx y estoy experimentando sus servicios en la cuenta demo... Pero veo en wikifx que esta empresa no está bajo ninguna regulacion efectiva... Tal vez no debo invertir mi dinero aquí!
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2022-12-06 10:25
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deardarling
more than one year
I've been using LonghornFX and really like how easy it is to trade different things like stocks and crypto. The trading tools are great, and setting up was simple.
I've been using LonghornFX and really like how easy it is to trade different things like stocks and crypto. The trading tools are great, and setting up was simple.
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2024-06-04 14:30
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