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LonghornFX Review - Does It Support MT4 and MT5? - WikiFX

WikiFX | 2026-04-20 22:21

Abstract：LonghornFX supports MT4 trading platform but not MT5. It provides demo accounts and claims that the leverage can be up to 1:500.

LonghornFXReview Summary
Founded	2020
Registered Country/Region	South Africa
Regulation	No regulation
Market Instruments	Forex, indices, commodities, stocks, cryptos
Demo Account	✅
Leverage	Up to 1:500
EUR/USD Spread	0.09 pips
Trading Platform	MT4
Minimum Deposit	/
Customer Support	24/7 support
	Live chat
	Email: help@longhornfx.com
	Registered office: 73 Richards Park, Fife Street, Sandton, Johannesburg, Gauteng, 2090
	Social media: Instagram, Twitter, Facebook
Regional Restriction	The United States

LonghornFX was registered in 2020 in South Africa, specializing in the forex, indices, commodities, stocks, and cryptos markets. It provides demo accounts and claims that the leverage can be up to 1:500. However, this company is not regulated, and it does not reveal details about accounts. Besides, it does not provide services to US residents.

Pros and Cons

Pros	Cons
Demo accounts available	Lack of regulation
Popular payment options	Regional restrictions
MT4 supported	Lack of transparency
Multiple channels for customer support
Diverse tradable assets

Is LonghornFX Legit?

No, LonghornFX is not regulated by financial regulatory authorities in South Africa, which means the company lacks regulation from its registration site. Please note the potential risks!

What Can I Trade on LonghornFX?

LonghornFX offers different types of products, including forex, indices, commodities, stocks, and cryptos.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptos	✔
Bonds	❌
Options	❌
ETFs	❌

Leverage

The leverage can be up to 1:500, which is not low. LonghornFX does not reveal the leverage ratio of different account types on its official website, and it only gives a vague ratio. Traders need to consider carefully before investing, since high leverage is likely to bring high potential risks.

LonghornFX Spreads

The spreads vary in terms of trading assets.

Types of Assets	Name	Spread
Forex	EUR/USD	0.09
Indices	Nikkei 225	7720
Indices	S&P 500	789.9
Commodities	Gold/US Dollar	280
Stocks	Apple	270
Cryptos	Bitcoin/US Dollar	206179.9

Trading Platform

LonghornFX uses MT4 as its trading platform, which is a commonly used platform and is suitable for beginners.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	PC, web, mobile, mac	Beginners
MT5	❌	/	Experienced traders

Deposit and Withdrawal

LonghornFX accepts different types of payment options: MasterCard, VISA, Skrill, Neteller, wire transfer, and Bitcoin. However, other details such as the accepted currencies, commission fees, and the processing time are not clear.

Leverage Broker Commission Currency Pair Dealer

Related broker

Not Regulated

LonghornFX

Company name：Longhorn LLC

Score

1.54

Website：https://www.longhornfx.com/

5-10 years | Questionable Regulatory License | Suspicious Operational Region | High Potential Risk

Score

1.54

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