LonghornFX Review – Hidden Fees But Trusted Software, Is It Worth It?

LonghornFX brokerage is operating under the ownership of Longhorn LLC. This company was incorporated in Saint Vincent and the Grenadines, not the favorite country for any trader looking for a broker. In any case, this firm has been providing its services for almost 3 years now.

According to LonghornFX reviews, they are doing it well. However, some things will reach the bright of the day at one point. Therefore, make sure to read our honest LonghornFX review on time to prevent trouble.

Broker status:	Unregulated
Regulated by:	No regulations
Operating Status:	Active offshore trading scam
Known Websites:	https://Longhornfx.com
Blacklisted by:	N/A
Owner:	Longhorn LLC
Headquarters Country:	Saint Vincent and Grenadines
Foundation Year:	2020
Online Trading Platforms:	MT4
Mobile Trading:	Available
Minimum Deposit:	$10
Deposit Bonus:	Not available
CFD Trading Option:	Yes
Crypto Asset Trading:	Yes
Available Trading Instruments:	Forex, Commodities, Stocks, Cryptos, Indices
Maximum Leverage:	1:500
Islamic Account:	Not available
Free Demo Account:	Available
Accepts US clients:	US clients are accepted
Global Fraud Protection Experts’ Verdict:	Knowing that the company is offering services in some countries without authorization is a big red flag. Even though there are many positive reviews about them, you can expect a wide range of issues. Therefore, if you have trouble withdrawing money from this broker, our refund specialists are available for consultation.

Is LonghornFX Legit or a Scam?

A trading company can offer to customers anything they want. The goal is just to get them on board. However, they are not obligated to comply with anything they have said without adequate regulation. For that reason, offshore brokerages are the most dangerous in the trading business. In this case, simply because the Financial Services Authority of SVG is not issuing trading licenses.

Therefore, LonghornFX company should obtain licenses in countries where they mainly operate. Regardless of country, if they have FCA, BaFin, ASIC, or CFTC licenses, you can trust them. Sadly, they don’t.

Traders’ Experience With LonghornFX

With any company, user-experience reviews play a key role in making a decision. But can we trust reviews genuinely? If you take a look, the LonghornFX scam broker has 65 comments on Trustpilot, mostly positive ones. But how do you realize those are fake?

If you look closely, you will see most of those reviews come from US and UK traders. Yet, the company doesn’t have FCA or CFTC licenses. Consequently, nothing that the LonghornFX broker presents you with can be trusted. Let us know what irregularities you have recognized. But also don’t hesitate to contact us directly to talk it through and find a solution.

How Does LonghornFX Work?

The way offshore brokerages operate is that they will provide outstanding service in the beginning. Once a trader is satisfied with it, they will start selling you an affiliate program where you can earn a commission.

Yet, the moment you are not valuable to them anymore, you will experience extreme pressure. In any case, traders often get out with nothing left in their pockets. But then, it’s too late, unless you know what our refund specialists know. Get in touch to find out more.

Who Are LonghornFX Victims?

Where the company operates tells you enough about it. In this case, if you ask scammed traders from:

• United States
• India
• Malta
• South Africa

You will quickly realize why not trust this company. But if you already got involved with them, don’t hesitate to contact us for professional assistance.

What Are Trading Platforms Available?

One of the rarely positive things about the Longhorn FX brokerage is its software choice. With the industry’s leading software, traders don’t have to worry about any platform manipulation. Also, with MetaTrader 4, they can enjoy a wide range of advanced features. But if you can’t withdraw any money, is it worth it?

Is the LonghornFX Mobile Trading App Available?

Indeed, yes. The LonghornFX MT4 platform is available for all iOS and Android devices. In general, this makes it easier for anyone to trade anywhere, anytime.

But to see why regulation makes a whole lot of difference, check tips from our Standard Investment Hub review.

What Financial Instruments Does The Platform Include?

According to the company, there are more than 150 assets from four different categories. Luckily, we can exclude platform manipulation. Still, trading conditions make everything horrifying. Anyway, tradeable assets are:

• Forex – USD/GBP, AUD/NZD
• Indices – DAX30, CAC40
• Commodities – gold, platinum
• Shares – Apple, IBM
• Cryptos – BTC, XRP

Account Types Offered by LonghornFX

Unfortunately, this investment company doesn’t have any specific account types. Traders can only sign up for a live account with a minimum deposit requirement of $10. However, those funds have to be paid through the crypto wallet.

Can a Trader Use a LonghornFX Demo Account?

Another positive side of this broker is a demo account availability. Therefore, all traders who want to explore MT4 options are free to do so. Yet, leaving contact details with an untrusted brokerage is not the smart move. You can see numerous examples of that, and one is in our Seahorsewin review.

LonghornFX Fees, Spreads, Leverage, and Commission

The biggest danger with this brokerage comes from its leverage of 1:500. But also from missing negative balance protection. Therefore, very easily you can get into debt.

On top of that, the company is hiding its so-called narrow spreads. Thus, there’s a commission of $6 per lot on all trades.

Is the LonghornFX Welcome Bonus Available?

So far, this brokerage is not offering any bonuses or promotions, except for ones in an affiliate program. In any case, whenever you are receiving any bonus funds or credit, make sure to check the policy first. Otherwise, you might get your funds trapped.

Is LonghornFX Withdrawal Possible?

According to reviews, yes. However, very shortly, traders will realize why they should not trust offshore firms.

LonghornFX is not regulated, the company offers only Bitcoin as a withdrawal method, and processing time and fees are unknown. All in all, the perfect soil for manipulation.

What Should I Do If I Have a LonghornFX Problem?

Since the company doesn’t have any license, the best option is to talk to domestic authorities. If that doesn’t help you get your funds, feel free to contact our refund experts for advice.

After all, you may do it anyway because regulators often just publish a warning. Unless the company is a member of ICF or a similar compensation scheme, traders rarely get any funds back that way. Therefore, get in touch with us today and find out your options.