LonghornFX vs OANDA

LonghornFX vs OANDA Comparison Table 2023
LonghornFX Review 2023 OANDA Review 2023
3
4.3
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.

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
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
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. 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
More Comparisons
LonghornFX
vs
OANDA
vs