LonghornFX vs LMFX

LonghornFX vs LMFX Comparison Table 2023
LonghornFX Review 2023	LMFX Review 2023
Review 3	Review 2.8
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
LonghornFX is a forex and CFD broker offering over 150 instruments with leverage up to 1:500. The firm is registered in Saint Vincent and the Grenadines and was launched in 2020. Clients can access a strong selection of cryptos, alongside forex, indices, commodities and stocks. With ECN/STP processing, this offshore broker promises tight spreads and fast execution.	LMFX is an offshore CFD and forex broker with flexible account options that support trading with fixed or floating spreads, including a raw spread account with super tight pricing. The assets on offer include forex, stocks, indices and commodities, and very high leverage up to 1:1000 is available. The broker is based in Macedonia and was established in 2017.
Bonus Offer
	100% deposit bonus up to $30,000
Comment by Reviewer
"LonghornFX is ideal for experienced traders looking for ECN spreads and high leverage. Hedgers and scalpers can also trade without restrictions on the MetaTrader 4 platform."	"Experienced traders who want highly leveraged CFDs and a choice between fixed and floating spreads should consider LMFX. On the downside, new clients should note the weak regulatory oversight."
Pros
True ECN broker MetaTrader 4 platform Multiple asset classes Flexible leverage up to 1:500 Customer support is available 24/7 Integrated step-by-step user videos Demo account with unlimited virtual funds	Excellent, flexible pricing options with raw and fixed spreads available Personal account manager available with Premium and Fixed accounts High leverage up to 1:1000, 1:400 or 1:250 depending on the account The world-leading MetaTrader 4 platform and app is available VPS will cater to automated trading strategies Bonuses, contests and awards Zero deposit fees
Cons
Unregulated No copy trading Only one account type Bitcoin withdrawals only No bonuses or financial incentives	Limited educational resources for newer traders Unregulated status lowers its safety score No cryptocurrency and Bitcoin trading No support on weekends
Awards
Best Newcomer Broker - 2020 Best New Forex Broker - 2020
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Cryptos	Forex, CFDs, indices, shares, commodities
Demo Account
Yes	Yes
Minimum Deposit
$0	$50
Trading Platforms
MT4	MT4
Payment Methods
Bitcoin Payments Credit Card Debit Card Wire Transfer	FasaPay Mastercard Neteller PayRedeem Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Margin Trading
Yes	Yes
STP Account
Yes	No
ECN Account
Yes	No
DMA Account
Yes	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
Yes	Yes
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Account Currencies
USD EUR GBP	USD EUR
Stock Exchanges
CAC 40 Index France DAX GER 40 Index Dow Jones FTSE UK Index IBEX 35 Japan Exchange Group Nasdaq S&P 500	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index FTSE UK Index Nasdaq New York Stock Exchange
Commodities
Gold Natural Gas Oil Palladium Platinum Silver	Coffee Copper Gold Palladium Platinum Silver Sugar
CFD Trading
Trade a decent range of markets via CFDs, with commissions of $6 per lot. There is also a reasonable $10 minimum deposit and 24/7 customer support for new traders.	Trade CFDs on forex, stocks, indices, commodities, metals and oil. Variable leverage is available depending on the account type up to a maximum of 1:1000, and traders can take part in various promotions.
Leverage
1:500	1:1000
FTSE Spread
7.7	3.0
GBPUSD Spread
1.4	2.5
Oil Spread
0.8	0.7
Stocks Spread
Variable	Variable
Forex Trading
Go long or short on over 50 currency pairs with spreads from 0.6 pips on EUR/USD. Traders can access market-leading forex tools in the MT4 platform, including customisable forex charts and algorithmic trading.	Trade 46 major, minor and exotic pairs via CFDs with tight spreads, low latency and VPS support for automated trading strategies. This will appeal to active forex day traders in particular.
GBPUSD Spread
1.4	2.3
EURUSD Spread
0.6	1.9
EURGBP Spread
1.5	2.2
Assets
55+	48
Cryptocurrency
An impressive selection of 35 crypto pairs are on offer, including BTC/USD and DOGE/USD. There is also high leverage up to 1:100 for experienced crypto traders, which is more than you will find at most competitors.	Crypto trading not offered
Spread
Variable
Coins
BTC DASH ETH LTC BCH XRP NEO IOTA
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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