LonghornFX vs LMFX

LonghornFX vs LMFX Comparison Table 2023
LonghornFX Review 2023 LMFX Review 2023
3
2.8
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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
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
Commodities
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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