LonghornFX Review: Is LonghornFX A Good Broker For You?

If you want to buy and sell assets online, you will need to find a reliable trading platform that meets your investing goals. You’ll need to ensure the platform offers low fees, heaps of tradable assets, and a top-notch customer support team. I signed up with this broker almost a year ago now and have been using them mainly for forex trading and shorting the crypto and stock markets. I find them to be very competitive when it comes to fees and customer service – being available 24/7 is great and how it should be for any provider in the crypto space. Another great feature is same day withdrawals – I can always move my funds quickly and into the next investment. Listing LonghornFX amongst its top brokers on its homepage, Learn2Trade offers its signals to any MT4 trading account.

Does LonghornFX offer cryptocurrency trading?

Further, you will have to meet a minimum deposit requirement of $10. For traders who are always on the go, LonghornFX offers mobile apps for both iOS and Android devices. These apps replicate the features available on the desktop and web platforms, allowing traders to place trades, monitor their positions, and view charts from their smartphones or tablets. Mobile trading ensures that traders can manage their trades from anywhere, at any time, providing maximum flexibility and convenience. If you’re not familiar with “dealer plug-ins” I’d suggest googling how brokers add “slippage” to increase their profits. They just click a button and decide if you get an extra point or two of “slippage” even on 0.01 lots and even in a slow market.

Leverage Facilities

There is an education section on the website, however, found under the ‘Articles’ section in the main menu. Here you will find a variety of pages covering a number of topics for both new and experienced traders. fbs forex review Topics covered include increasing your earning potential with leverage, measuring trades in lots, and breaking down bitcoin. There are some useful definitions of terms such as pips and leverage, and the articles in this section are generally well-written and informative, just not that extensive. Like most online brokers, LonghornFX provides access to a mobile app available for both iOS and Android devices.

In this case, you have to make sure that your strategy is well suited for the instrument you chose. BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups. The broker is headquartered in New Zealand which explains why it has flown under the radar for a few years but it is a great broker that is now building a global following.

Social trading and copy trading

If you are looking for easy market access to trade a variety of assets including forex, stocks and cryptos, with high leverage, they are certainly worth consideration. LonghornFX offers its clients a choice of trading platforms designed to meet the diverse needs of traders. One of the key features that attract traders to LonghornFX is its seamless integration with the globally recognized MetaTrader 4 (MT4) platform. MT4 is known for its user-friendly interface, extensive charting tools, and the ability to support a variety of automated trading strategies. It is particularly favored by traders who use expert advisors (EAs) and those who require a customizable environment.

LonghornFX requires you to verify your accounts using ‘Know Your Customer’ procedures. You are mandated to upload a ‘proof of identity’ and a ‘proof of address’ in order to verify your identity. The broker also aims to give you peace of mind, protecting your funds by securing them offline in a cold storage system. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.

Information provided by various external sources

When it comes to trading fees and commissions, LonghornFX offers a simple pricing structure. As is industry-standard, you will pay this at both ends of the trade. In terms of fees, LonghornFX claims to offer ultra-competitive spreads and commissions. Regarding the latter, this stands at a flat rate of $6 per traded lot. Very likely to recommend based on the service and large list of tradable assets.

• BlackBull Markets is a reliable and well-respected trading platform that provides its customers with high-quality access to a wide range of asset groups.
• By understanding the features and benefits of each platform, you can select the one that best aligns with your trading goals.
• Note you cannot open a trading account without adding funds to a live profile.
• The broker offers a variety of trading instruments, including Forex majors, crosses and exotics, Stocks, Cryptocurrencies, Indices, Metals, Energy.

Account Information

I think this platform should be able to meet the needs of most traders, with plenty of additional tools available coinmama exchange review if you want to further enhance its functionality. LonghornFX is an online trading platform that offers a variety of financial instruments. This covers forex, cryptocurrencies, commodities, stocks, and indices. Each asset class is traded via a CFD instrument, meaning that you will have the capacity to place both buy and sell positions. LonghornFX Ltd is a reputable, competitive, multi-asset online broker, which uses the award-winning MT4 platform.

The broker offers competitive trading conditions via the MT4 platform along with Crypto funding and 24/7 customer support. Overall, LonghornFX has a decent selection of trading instruments available to trade online with competitive spreads, commissions and execution speeds. They provide the user-friendly yet powerful MT4 platform for flexible trading across multiple devices.

• All order types are available, alongside financial market news and an in-app chat.
• LongHornFX opinions vary on the internet however, there are multiple tools at one’s disposal on the site to make the trading experience even more exciting.
• All of the assets offered by LHFX are traded in the form of contracts-for-difference (CFDs), which is a derivative of the underlying asset.
• As the name suggests, this includes a fully-fledged forex trading facility.

These signals are generated by expert traders and are based on technical analysis, market trends, and other factors. The signals include buy and sell recommendations, along with stop-loss and take-profit levels. Traders can use these signals to enhance their trading strategies and potentially increase their chances of success. LongHornFX is considered a good offshore forex broker and is registered in St. Vincent and the Grenadines.

Originally registered in Saint Vincent and the Grenadines and established as recently as in 2020, LHFX is one of the newcomers among the many offshore forex & CFD brokers we have reviewed here on FX-List. The broker offers high trading leverage, fairly tight spreads, and a decent selection of trading instruments to choose from. The broker does not currently have any standalone trading tools but the vast array that are already included within the MT4 platform should be sufficient enough to meet the needs of most retail traders. You can also add tools to the MT4 platform with thousands available from various online trading websites. However, if you’d like a better variety of trading tools, you could check out BlackBull Markets. That being said, I think the majority of you will find the MT4 tools to be more than adequate.

There is also a responsive live chat option available on the website, which can be found on the bottom right of the home page. The customer support channels available are good, but the company is missing a dedicated customer support phone line. However, there is the option to request a callback, at your convenience. The great thing about a LongHornFX brokerage trading account is that it is available in both live and demo mode.

Traders can also trade commodities (such as gold and oil) and a range of global stocks. Read on to get an in-depth look at LonghornFX’s history, features, pros, cons, customer review, and other critical details. DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. While using LonghornFX, we also did not come across any friends/family referral schemes, monetary rewards, or trading contests. From the client dashboard, select ‘Demo Accounts’ from the navigation bar located along the left side.

Your Bitcoin withdrawal request will be processed on the same day of submission. Once approved, withdrawals are dependent on the speed of the blockchain and require at least 6 confirmations before landing in your wallet. Traders should typically allow 1 hour per confirmation but withdrawals usually arrive much sooner than 6 hours.

I appreciate the variety and opportunities to diversify my investments. They have a limited selection of educational materials, which may not be helpful for beginners. As an offshore broker, LonghornFX is registered in Saint Vincent and the Grenadines, a jurisdiction known for less stringent regulations than major financial hubs. Above all, our experts assess whether a broker is trustworthy, taking into account their regulatory credentials, account safeguards, and reputation in the industry.

It is important to note that while the cmc markets review industry standard in the online brokerage space is 24/5, this broker operates on a 24/7 basis. For traders who prefer live learning, LonghornFX offers webinars and seminars hosted by professional traders. These events cover a variety of topics, including market analysis, trading strategies, and the latest trends in the financial markets. Webinars allow traders to interact with experts, ask questions, and deepen their understanding of trading concepts. LonghornFX is an online trading platform that offers a range of features designed to meet the needs of both novice and experienced traders.