This LonghornFX review provides a detailed analysis of the broker’s trading infrastructure, regulatory environment, and client service model. LonghornFX is an offshore ECN broker offering high-leverage forex and CFD trading via MetaTrader 4. It promotes 24/7 trading, crypto-based deposits, and anonymous account setup—but lacks oversight from any recognised financial authority.

Regulation and Safety

LonghornFX is registered in Saint Vincent and the Grenadines under company number 2020 LLC 00242. The jurisdiction does not provide regulatory oversight or investor protection mechanisms. LonghornFX is not licensed by any Tier-1 or Tier-2 regulator such as FCA, ASIC, CySEC, or FSCA.

• No investor compensation scheme
• No regulatory supervision of fund security or leverage limits
• Claims of fund segregation are unaudited

This structure exposes clients to significant counterparty and withdrawal risk.

Execution Model and Trading Platforms

LonghornFX follows an ECN/STP execution model with direct access to liquidity providers. Traders can access the markets using:

• MetaTrader 4 (MT4): Available on desktop, mobile, and web

Features include one-click trading, EAs (Expert Advisors), and copy trading tools. There is no proprietary platform, and FIX API access is not publicly available.

Markets and Instruments

LonghornFX provides CFD trading on over 150 instruments:

• Forex – 55+ pairs including majors, minors, and exotics
• Cryptocurrencies – BTC, ETH, XRP, LTC, and more
• Indices – US30, NASDAQ, S&P 500, GER30
• Commodities – Gold, silver, oil
• Stocks – US equities like Apple, Amazon, Tesla

Spreads and leverage vary depending on the instrument and market conditions.

Accounts, Spreads and Leverage

LonghornFX offers a single ECN account type:

• Spreads: Raw spreads from 0.1 pips
• Commission: $6 per lot round-turn
• Leverage: Up to 1:500 (for all clients)
• Minimum deposit: $10
• Stop-out level: 20%

Islamic accounts are not offered, and no account tiering or professional upgrade path exists.

Funding and Base Currencies

LonghornFX exclusively supports Bitcoin for deposits and withdrawals. Fiat deposit options via debit/credit card are processed through crypto payment gateways.

• Deposit method: Bitcoin or credit card (converted to BTC)
• Withdrawal method: Bitcoin only
• Base currency: BTC

Deposits are typically credited within 1 hour; withdrawals are processed within 24 hours but depend on network congestion.

Client Protections and Features

• No negative balance protection guaranteed
• No KYC requirement for basic deposits and trading
• No fund protection or dispute resolution channels
• 2FA is available within the client portal

Client anonymity is a double-edged sword—offering privacy, but increasing vulnerability in case of disputes.

Institutional and Retail Offering

LonghornFX focuses exclusively on retail clients. There is no infrastructure for institutional trading:

• Retail: MT4, high leverage, low minimum deposit, crypto funding
• Institutional: Not available – no FIX API, no white-label, no liquidity aggregation

Pros

• High leverage up to 1:500
• MT4 with ECN execution
• Supports cryptocurrency deposits and withdrawals
• Low minimum deposit ($10)
• 24/7 crypto and forex trading available

Cons

• Unregulated and offshore with no investor protection
• Bitcoin-only withdrawals limit flexibility
• No compensation scheme or negative balance protection
• No access to MT5 or institutional tools

Frequently Asked Questions

Is LonghornFX a regulated broker?

No, LonghornFX is not regulated by any financial authority and is registered in Saint Vincent and the Grenadines.

What is the minimum deposit?

The minimum deposit is $10, typically funded via Bitcoin.

What platforms are available with LonghornFX?

LonghornFX only supports MetaTrader 4 on desktop, web, and mobile.

How can I withdraw funds from LonghornFX?

All withdrawals are processed in Bitcoin. Fiat withdrawals are not supported directly.

Does LonghornFX offer negative balance protection?

No, there is no guaranteed negative balance protection or client compensation scheme.