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LonghornFX

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5.1
(19 Reviews)

Founded: 2020 Min Deposit: 10 USD

Headquarters: Saint Vincent and the Grenadines Max Lev: 1 : 500

Risk Level I

LonghornFX is ONLY registered with SVG FSA, carrying a certain level of risk.

Score
Business Scope
0.0
Trading Cost
5.1
Trading Platforms
5.0
Support
5.0
Licence Status
No data
Contact
help@longhornfx.com
https://longhornfx.com
https://www.facebook.com/longhornfx/
Broker News Account & Cost Deposit & Withdrawal Company & Service Related Complaints Reviews

Broker News

Q&A Weekly Review - What's Asked This Week? 2023-07-14
BrokersView provides "Q&A Weekly Review" from Jul 10-14, 2023 to keep traders informed about the latest regulatory status and trading details of brokers mentioned by our users.

Deposit and Withdrawal

5.1

Score

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Company and Service

--

Score

Profile
Headquarters Address
Longhorn LLC, First Floor, First St Vincent Bank Building, James Street, Kingstown, St. Vincent and the Grenadines
Founded 2020
Broker Type
STP,  ECN
Time Zone GMT+3
Credit Profile No information
Trading Platforms
MT4
Mac,  Windows,  iOS,  Android
Contact
No Data
Others
Website Language
English
Customer Service By
Phone,  Email,  Live Chat,  Facebook,  Instagram,  Telegram
Supported Language
English

Related Complaints

Q&A

What's the lowest deposit here?

Siyabonga Semenya
French Southern and Antarctic Lands
2023-07-12
ANSWER LonghornFX is an unregulated broker that we advise against trading with, despite the seemingly attractive deals it offers.While it is true we located a firm called "Longhorn LLC" on the register of the Financial Services Authority of St. Vincent and the Grenadines (SVG FSA), it is crucial to note that the offshore financial watchdog has explicitly stated that it neither issues licenses for forex or brokerage nor regulates entities involved in such activities. As such, LonghornFX remains unsupervised by the relevant regulatory body.Regarding your question, we strongly suggest you exercise extreme caution and avoid engaging with LonghornFX because it is an unregulated broker. There are no rules in place to safeguard investors' interests and hence you are exposed to significant risks such as financial losses and identity theft. Therefore, investors are encouraged to stay away from unlicensed brokers like LonghornFX and instead choose a fully regulated one.
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How's the review of this broker? Can I trust it?

AHmed Hussien
Tunisia
2022-08-24
ANSWER LonghornFX is not a licensed or regulated broker even though it states offers that look good to be true. LonghornFX claims it is owned and operated by Longhorn LLC, a company registered with St. Vincent and the Grenadines Financial Service Authority (SVG FSA). Regarding the SVG FSA, we'd like to remind traders that SVG FSA does neither issue licenses for forex trading nor regulate international companies and brokers engaging in forex activities.We keep on reminding traders to be wary of offshore brokers in SVG FSA as they don't provide any funds protection as well as withdrawals guarantee. If you are looking for brokers to deal with, we would recommend brokers regulated by top-tier regulators like FCA, CySEC, ASIC, etc.
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Overall Score

5.1
19 Reviews

Cost 5.1

Platforms 5.0

Deposit & Withdrawal 5.1

Customer Support 5.0

Indicates the average level of Brokers

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19 Reviews

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Chemsseddine Irgalina
1-3 years Standard ECN Account Burundi
The platform is great and we would really appreciate if thecould be a chat room on the members area for us asthe members .... theres alot we could help eachother with and do we would appreciate alot.
2023-09-13
Reply
Peter Lynch
Malaysia
I faced some difficulties during the withdrawal process with LonghornFX. The delays and lack of transparency were a bit disappointing.
2023-09-06
Reply
Stylianos Wesonga
Belize
LonghornFX is not legit, seems like a scam
2023-09-01
Reply
Andreas Demetriou
0-6 months Standard ECN Account Guyana
My experience at this broker was really good. Specially, thelive chat guy mukesh, who helped me a lot throughoutthe login and deposit process. I am rating him herecause i did not found any rating message on live chat.Plus i love this broker because its smooth and it gives you verygood offers when you trade with them or deposit someamount.
2023-08-31
Reply
Andrey JILANI
India
it's my first time withdrawing from the broker and it wasnot complicated, I'm hoping to receive the money todayor tomorrow
2023-08-30
Reply
Myriam Purohit
7-12 months Standard ECN Account Liberia
I never experience any problem and the customerservice is q great support if Thave any questions. Irecommend this broker 100%.
2023-08-29
Reply
Ioana Raluca Papadopoulou
0-6 months Standard ECN Account Jamaica
LonghornFX seems to have the best customer service andsoftware for trading out of all the brokers ive used. Theonly platform which ive signed up to that hasnt gave memillions of emails or spam calls.
2023-08-22
Reply
Dio Arseniou
0-6 months Standard ECN Account Ireland
LonghornFX is a good place to trade for those who already know their way around, and especially for those who want the option of depositing funds in Bitcoin. But i think it could be better if they beef up its training resources.
2023-05-31
Reply
Sam
0-6 months Standard ECN Account Saipan
Relatively few options for trading metals, futures and commodities. Not regulated and this exposes clients to potential losses should the broker go under or dissappear. Better be cautious.
2023-02-25
Reply
Dennis Christoforidis
0-6 months Standard ECN Account United Kingdom
No, Longhorn FX is not a licensed or regulated broker. Forex brokers in the United States must be licensed and regulated by the CFTC, otherwise your cash is not protected.
2022-12-29
Reply

1-10 of 19 comments

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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