Expert Analysis: LonghornFX Review Garners Above-Average Risk Rating

Traders Union

The Traders Union (TU) has recently published its latest broker rankings, accompanied by thorough assessments of the listed firms, as a continuation of its dedication to ensuring traders stay informed.

One of the noteworthy evaluations is the comprehensive LonghornFX review, which offers an extensive analysis of the broker’s services, licensing status, requirements, trading terms, and genuine customer feedback.

After subjecting 350 companies to a thorough evaluation using the TU Methodology, financial experts have concluded that LonghornFX belongs to the higher-than-average-risk broker category. It has received a TU Overall Score of 3.17 out of 10, positioning it at 245th among the chosen firms.

In terms of the most influential parameters, the brokerage platform received high scores of 8.05, 8.16, 6.07, and 7.13 in commissions and fees, trading instruments, customer support, and education. However, it got low scores of 2.80, 4.58, and 6.07 in user satisfaction, regulation and safety, and brand popularity, respectively.

LonghornFX is committed to offering favorable trading conditions that cater to both beginners and seasoned professionals. 

This broker provides ECN accounts characterized by competitive floating spreads, generous leverage, and a diverse array of financial instruments. 

Notably, LonghornFX does not offer bonuses, but clients have the opportunity to earn extra income through the partnership program. Besides, copy trading and the use of expert advisors (EAs) are permitted.

The minimum deposit required is just $10 and can be funded directly from a cryptocurrency wallet. 

Alternatively, deposits can be made via a card or bank account, with the payment processed through Instacoins, a third-party financial service provider facilitating Bitcoin purchases. 

The minimum amount for Instacoins deposits is $50, with a blockchain network fee of 0.0005 BTC for each transaction. Funds are credited to the account within 6 hours once the transaction is confirmed.

Leverage levels are contingent on the specific trading instrument, with the maximum leverage for Forex and metals set at 1:500, for CFDs on indices and energies at 1:200, for cryptocurrencies at 1:100, and for CFDs on stocks at 1:20.

LonghornFX’s partners are entitled to a $3 fee for each lot traded by traders they have referred. There are no limitations on the number of invited traders, and there are no time constraints regarding when partners can accumulate bonuses. As a result, the fee continues to be accrued for the entire duration that the referred trader remains active.

Partner fees are disbursed to the MT4 trading account at the conclusion of each month, although it’s possible to request early payment through their account manager if desired.

Meanwhile, clients of the broker have expressed concerns about the absence of cent accounts, as well as the fact that the broker is unlicensed and operates without regulatory oversight. 

Another point of contention among its customers is that deposits and withdrawals are solely facilitated in cryptocurrencies.

Regarding customer support, clients have reported that the responses from operators lack sufficient information, and it is often impossible to reach representatives of specific departments when needed.

In addition to the noted drawbacks, it’s worth mentioning that LonghornFX’s clients do not have access to compensation funds. Disputes with the broker are typically resolved without the involvement of third-party mediators or arbitrators. Furthermore, the broker does not make its financial statements publicly available.


The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.

Read this next

Digital Assets

Flare Labs Begins Testing FAssets on Coston Testnet Paving Way for Non-Smart Contracts to Flare

Flare Labs has introduced FAssets on the Coston testnet, enabling the integration of non-smart contract tokens like BTC, XRP, and DOGE into the DeFi ecosystem.

Digital Assets

Philippine bars access to Binance, citing unregistered operations

The Philippines’ Securities and Exchange Commission (SEC) is moving to block access to Binance due to regulatory concerns, citing the platform’s operation without proper registration and authorization in the country.

Digital Assets

FTX cleared to sell investments in Grayscale and Bitwise funds

Bankrupt cryptocurrency exchange FTX has received approval from the bankruptcy court to start selling its stakes in digital trusts managed by Grayscale Investments.

Digital Assets

Nexo launches Dual Investment for yield earning and price prediction

“Dual Investment revolutionizes how users engage with BTC and ETH, offering a flexible, intuitive, yet sophisticated platform for predicting asset price movements, all while securing high yields.”


Aquis Stock Exchange goes live with cloud-based matching engine powered by AWS

“By running on AWS, the Aquis Stock Exchange is driving transformation across the capital markets industry while continuing to enhance the scalability, functionality and innovation that will benefit its members and stakeholders in an environment where security and resiliency are our highest priority.”


Options Technology certified as Microsoft Azure partner for Digital & App Innovation

“Securing our fifth Microsoft Solutions Partner status in less than 12 months is a testament to our commitment to innovation, excellence, and the highest industry standards. We are not only keeping pace with the evolving landscape of cloud technology but leading the way in shaping its future.”

Retail FX

N26 reports €213M in net loss, integrates stock and ETF

European digital bank N26 has shared its strategic roadmap for the next few years, underlining both its growth trajectory and financial targets. The announcement included key financial results for 2022 and projections for the coming years.

Digital Assets

Canadian ownership of crypto assets fell by 23%, study finds

Concerns about risks, volatility, lack of government guarantee, and potential fraud or hacking deterred others from buying crypto.

Institutional FX

Fortex adds GBE Prime to liquidity offering

“This collaboration enhances our liquidity distribution capabilities, offering our clients improved pricing, order execution, and risk management. We look forward to the positive impact this integration will have on our clients.”