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Score
Saint Vincent and the Grenadines
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
Add brokers
Comparison
Quantity 1
Exposure
Score
Regulatory Index0.00
Business Index6.92
Risk Management Index0.00
Software Index4.00
License Index0.00
No valid regulatory information, please be aware of the risk
Single Core
1G
40G
Danger
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Company Name
Longhorn LLC
Company Abbreviation
LonghornFX
Platform registered country and region
Saint Vincent and the Grenadines
Company website
X
Company summary
Pyramid scheme complaint
Expose
LonghornFXReview Summary | |
Founded | 2020 |
Registered Country/Region | South Africa |
Regulation | No regulation |
Market Instruments | Forex, indices, commodities, stocks, cryptos |
Demo Account | ✅ |
Leverage | Up to 1:500 |
EUR/USD Spread | 0.09 pips |
Trading Platform | MT4 |
Minimum Deposit | / |
Customer Support | 24/7 support |
Live chat | |
Email: help@longhornfx.com | |
Registered office: 73 Richards Park, Fife Street, Sandton, Johannesburg, Gauteng, 2090 | |
Social media: Instagram, Twitter, Facebook | |
Regional Restriction | The 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.
Pros | Cons |
Demo accounts available | Lack of regulation |
Popular payment options | Regional restrictions |
MT4 supported | Lack of transparency |
Multiple channels for customer support | |
Diverse tradable assets |
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!
LonghornFX offers different types of products, including forex, indices, commodities, stocks, and cryptos.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Indices | ✔ |
Stocks | ✔ |
Cryptos | ✔ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
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.
The spreads vary in terms of trading assets.
Types of Assets | Name | Spread |
Forex | EUR/USD | 0.09 |
Indices | Nikkei 225 | 7720 |
Indices | S&P 500 | 789.9 |
Commodities | Gold/US Dollar | 280 |
Stocks | Apple | 270 |
Cryptos | Bitcoin/US Dollar | 206179.9 |
LonghornFX uses MT4 as its trading platform, which is a commonly used platform and is suitable for beginners.
Trading Platform | Supported | Available Devices | Suitable for |
MT4 | ✔ | PC, web, mobile, mac | Beginners |
MT5 | ❌ | / | Experienced traders |
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.
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.
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.
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