What is LonghornFX?
LonghornFX is a new Forex broker that has recently launched its services. The company is based in the Marshall Islands and is owned by a company called ST International Ltd. The broker offers its clients the ability to trade in over 50 currency pairs, as well as CFDs on commodities, indices, and cryptocurrencies. LonghornFX claims to offer its clients tight spreads from 0.0 pips, leverage of up to 1:500, and fast order execution.
How Does LonghornFX Work?
LonghornFX is a new online broker that claims to offer low-cost trading and high-quality customer service. But is LonghornFX a scam or not?
In this article, we’ll take a look at what LonghornFX is, how it works, and whether or not it’s a reputable broker.
What Is LonghornFX?
LonghornFX is an online broker that offers forex and CFD trading on a variety of asset classes. The company is headquartered in the Seychelles and is regulated by the Financial Services Authority (FSA).
What assets can you trade with LonghornFX?
With LonghornFX, you can trade forex pairs, indices, commodities, metals, energies, and cryptocurrencies. The broker also offers a range of account types and leverage options.
How Does LonghornFX Work?
To start trading with LonghornFX, you first need to open an account and fund it with your chosen deposit method. Once your account is funded, you can access the broker’s web platform or mobile app and start placing trades.
LonghornFX offers two types of accounts: Standard and ECN. Standard accounts have spreads from 1 pip on major forex pairs while ECN accounts have spreads from 0 pips. Both account types have a commission of $4 per lot traded. Leverage on Standard accounts is up to 1:500 while leverage on ECN accounts
The Pros and Cons of LonghornFX
LonghornFX is a new online broker that has been getting a lot of attention lately. But is it a scam or not? Let’s take a look at the pros and cons of LonghornFX to see if it’s worth your time and money.
Pros:
-Low minimum deposit requirements: You can start trading with as little as $250, which is very low compared to other brokers.
-High leverage options: LonghornFX offers up to 1:500 leverage, which means you can make bigger profits (or losses) on your trades.
-A variety of account types: There are different account types available depending on your needs and preferences.
Cons:
-No demo account: Unfortunately, LonghornFX does not offer a demo account so you will have to risk real money from the start.
-High spreads: The spreads on LonghornFX are higher than average, which means you will have to pay more in commissions when you make a trade.
Is LonghornFX a Scam or Not?
If you are wondering whether LonghornFX is a scam or not, we can assure you that it is not. LonghornFX is a reliable and trustworthy broker that offers its clients a wide range of features and benefits. Some of these include a user-friendly platform, competitive spreads, and a wide range of tradable instruments.
Conclusion
Whether you believe that LonghornFX is a scam or not, there is no denying that the company has some serious allegations against it. If you are considering investing with LonghornFX, we would recommend doing your research and consulting with a financial advisor to get a second opinion.