LHFX Forex Review

Read our full LHFX review to get exact details about their safety, accounts, spreads, platforms, assets, support, and much more. Our unbiased LHFX opinion allows our readers to decide whether LHFX is a reliable broker.

LHFX Forex Broker History

Longhorn Forex broker is a regulated brokerage firm that has been around since 2020. The company operates with a trading name of LHFX and has bought EagleFX, which was another Forex broker with a low reputation. LHFX offers one live account with a flexible leverage of 1:500, and the minimum deposit is also low. Traders have an opportunity to access the advanced MT4 trading platform and use it even on mobile devices. There is a live chat provided via an advanced plugin, and traders can access diverse markets for competitive spreads.

LHFX broker safety

LHFX or Longhorn FX broker is a regulated entity. It operates via two entities, Longhorn Ltd and LHFX SA (PTY) Ltd. The first one, Longhorn Ltd, is based in Mauritius and is overseen by the Financial Services Commission of Mauritius, making it an offshore broker. The second one, the LHFX SA (PTY) Ltd, operates mostly in the African region and is overseen by the Financial Sector Conduct Authority of South Africa (FSCA). The broker keeps client funds in segregated bank accounts, which means client money is separate from its own operational capital, which is a crucial safeguard. LHFX does not offer a negative balance protection policy, meaning traders can go below their initial investment, which is a serious threat for beginners.

LHFX Broker Review of Accounts

LHFX is a well-regulated broker, but it falls short when it comes to trading account offerings. This is because the broker only offers one live account with spreads and 0 commissions. There is no account for scalpers with 0 pips, which is a downside for sure. Minimum deposit is very competitive as it starts from $10, and leverage is capped at 1500, which is more than enough to control large trading positions. The minimum lot size is 0.01 lots, which enables traders to trade on a low budget.

Overall, there is no wide choice, and traders have to sign up for a standard account, which is a downside and makes the broker uncompetitive.

LHFX instruments

LHFX trading markets are truly diverse as the broker allows access to stocks, Forex pairs, commodities, indices, and cryptos. Most of these markets are tradeable via CFDs, enabling traders to quickly buy and sell their preferred instruments. With a leverage of 1:500, it is possible to substantially enhance the position sizing, but since there is no negative balance protection, it is also very risky.

LHFX Reviews of Trading Platforms

The trading platform of LHFX is advanced MT4 software. It is offered for all devices, including browsers, PC, and mobile devices. Mobile MT4 app enables traders to speculate on markets on the go on both iOS and Android. The platform also supports custom indicators and EAs, and the broker does not prohibit them, which is flexible.

LHFX Forex Review of Extra Features

When it comes to extra features, the broker does not offer many extra things. There is an academy provided, where traders can find educational resources like market analysis and articles, together with trading guides. There are no other features like bonuses or trading tools provided, which is a drawback for traders.

LHFX Reviews of Customer Support

The customer support options include live chat, email, and phone support. The live chat is an advanced plugin built directly into the website. The existence of live chat is very crucial as it offers the fastest way to contact the broker. However, the website and support channels are only provided in English, which is a downside.

LHFX Deposit and Withdrawal

Deposits and withdrawals at LHFX are supported by several methods such as bank cards, wire transfers, online wallets, and cryptocurrencies. However, there are only Bitcoin payments available. All transactions are fee-free, including withdrawals, and are mostly instant for deposits. However, withdrawals require some time for processing, and LHFX promises same-day withdrawals.

LHFX Review Conclusion – Can you trust LHFX?

LHFX is a regulated broker with licenses from MU FSC and FSCA, offering flexible trading on MT4 with a leverage up to 1:500 and a low entry deposit of just $10. While it provides access to a wide range of CFD assets and solid customer support experience via live chat and email, it lacks multiple account types, negative balance protection, and there are no promo offers available. Its offshore regulation and limited platform features make the broker not very attractive for pro traders, but the overall conditions remain competitive for beginners.

FAQs on HLHFX

Is LHFX a scam?

LHFX scam has a lower probability of occurrence as the broker is well-regulated, and there are no complaints from traders so far.

What is the LHFX minimum deposit?

The minimum deposit at LHFX starts from just 10 dollars, making it a very competitive broker for beginners.

Is LHFX a cheap broker?

Yes, it offers zero commissions for trading, deposits, and withdrawals, and the spreads are around 1 pip on major pairs, making it affordable.