LonghornFX vs OANDA

LonghornFX vs OANDA Comparison Table 2023
LonghornFX Review 2023	OANDA Review 2023
Review 3	Review 4.3
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.	OANDA is an award-winning global broker, established in 1996. The hugely respected brand offers competitive trading accounts and serves clients from 196 countries. It has proven a popular option with both beginners and experienced traders thanks to its user-friendly and sophisticated web platform, no minimum deposit and premium currency products and services. The company is also overseen by reputable regulators, including the FCA, ASIC and CIRO.
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."	"OANDA will serve traders looking for a trustworthy broker with a beginner-friendly platform, best in class research and straightforward account opening. The $0 minimum deposit makes it especially attractive to newer traders and those on a budget."
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	Oversight from tier-one regulators make the broker a reliable and trustworthy broker The guaranteed stop loss order (GSLO) is a useful risk management tool not available at many alternatives We found the OANDA web platform easy to learn and rated the sophisticated charting tools The brand has an excellent reputation and 25 years experience with a string of awards No restrictions on trading strategies with scalping, hedging and netting permitted The $0 minimum deposit will appeal to newer traders With 68 forex pairs the broker will serve active forex traders Spreads are tight and there are zero hidden fees
Cons
Unregulated No copy trading Only one account type Bitcoin withdrawals only No bonuses or financial incentives	There is a narrow range of payment methods with no PayPal High-volume traders get limited fee rebates or perks Weekend customer support isn't available Social and copy trading tools aren't supported
Awards
Best Newcomer Broker - 2020 Best New Forex Broker - 2020	Best Trading Tools winner 2021 - Online Personal Wealth Awards Awarded highest overall client satisfaction 2021 - Investment Trends US Leverage Trading Report, Margin Forex Awarded highest client satisfaction for mobile platform/app 2021 - Investment Trends US Leverage Trading Report, Margin Forex Voted Most Popular Broker 2021 - TradingView Broker Awards Voted Best Forex and CFD Broker 2021 - TradingView Broker Awards
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Cryptos	Stocks, Spreadbetting, CFD, Forex, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$0	$0
Trading Platforms
MT4	MT4 MT5 TradingView AutoChartist
Payment Methods
Bitcoin Payments Credit Card Debit Card Wire Transfer	Credit Card Debit Card Mastercard Neteller Skrill Trustly Visa Wire Transfer
Minimum Trade
0.01 Lots	$0
Regulator
	FCA, ASIC, MFSA, MAS, CIRO, FFAJ, BVI
Margin Trading
Yes	Yes
Margin Rate
	2%
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	Yes
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
iOS & Android	OANDA Trade, MT4
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
	$0
Islamic Account
Yes	No
Account Currencies
USD EUR GBP	USD EUR GBP CAD AUD JPY CHF HKD SGD
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 Dow Jones Euronext FTSE UK Index Hang Seng London Stock Exchange Nasdaq Russell 2000 S&P 500
Commodities
Gold Natural Gas Oil Palladium Platinum Silver	Copper Corn Gold Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat
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.	Speculate on popular financial assets covering forex, commodities, indices, metals and bonds. Clients can trade CFDs on the award-winning MT4 platform or the firm's beginner-friendly web trader.
Leverage
1:500	1:30
FTSE Spread
7.7	1.0
GBPUSD Spread
1.4	1.4
Oil Spread
0.8	3.0
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.	OANDA offers 68 currency pairs, more than most forex brokers, covering majors, minors and exotics. The OANDA Trade platform also offers powerful technical analysis tools while average execution speeds are fast at 12 ms.
GBPUSD Spread
1.4	1.4
EURUSD Spread
0.6	0.8
EURGBP Spread
1.5	0.9
Assets
55+	68
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.	OANDA offers trading on leading cryptocurrencies, including Bitcoin. We rate the low fees which start at 0.25% and that you can place trades in the app hassle-free.
Spread
Variable	$100
Coins
BTC DASH ETH LTC BCH XRP NEO IOTA	BTC ETH LTC BCH PAXG LINK UNI AAVE
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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