Is LonghornFX Reliable Forex Brokers? Is It Safe?
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If you're exploring whether LonghornFX is a regulated forex broker, you’re on the right page. At Traders Union, we feature the most comprehensive database on forex broker regulation, updated regularly with the latest from regulatory authorities and brokerage firms.
According to the latest information from Traders Union as of July 2025 LonghornFX is not regulated by reputable authorities. Engaging with an unregulated broker carries increased risks including non-adherence to declared trading conditions and potential fraud. Traders Union strongly recommends working only with verified brokers. You can view the complete list of verified brokers in your country by following this link.
Is Trading With LonghornFX Can Be Risky?
According to Traders Union, trading with an unregulated Forex broker carries significant risks that can impact a trader’s capital and overall trading experience. Here are key dangers associated with choosing an unregulated broker:
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Lack of Financial Oversight.
As of July 2025 LonghornFX is not regulated Forex broker. This means there's no guarantee that LonghornFX is adhering to financial best practices, potentially putting your investments at risk.
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No Investor Protection
In regulated environments, such as those overseen by Tier-1 regulators like the FCA UK, CFTC or ASIC, brokers are required to offer measures like an Investor Compensation Fund, which helps protect investors funds in case the broker becomes insolvent. LonghornFX offers no such protections.
Still Interested in Working With LonghornFX?
If you still decide to work with LonghornFX, additional data may be helpful, such as the founding date of 2021. The user satisfaction score, a metric based on user reviews on the TU website, is 4.7. Brokers with a user satisfaction score above 7 and over 10 years in the market may be somewhat more reliable than other unregulated brokers.
Note that the information provided is for informational purposes only! The best evidence of a broker's reliability is always the presence of Tier 1 regulation.
Top 3 LonghornFX Tier-1 Regulated Alternatives
Traders Union has selected the top 3 Forex brokers with Tier-1 regulations operating in your country.
Tier-1 regulation refers to the highest level of regulatory standards enforced by the most reputable financial authorities globally. This classification typically includes regulators such as FCA in the U.K., ASIC (Australia), CySec (Cyprus), CFTC in the U.S., and other respected regulatory authorities. These bodies ensure rigorous compliance, transparency, and safety standards are met by financial institutions, offering the highest degree of investor protection and maintaining the integrity of the financial markets.
3 Tier-1 Regulated Brokers
Plus500 | Pepperstone | OANDA | |
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Regulation | FCA, CySEC, MAS, ASIC, FMA, FSA (Seychelles) | ASIC, FCA, DFSA, BaFin, CMA, SCB, CySec | FSC (BVI), ASIC, IIROC, FCA, CFTC, NFA |
Minimum deposit | 100 | 0 | 0 |
Currency pairs | 60 | 90 | 68 |
Floating spread EUR/USD, min pips | 0,5 | 0,5 | 0,1 |
Floating spread EUR/USD, max pips | 0,9 | 1,5 | 0,5 |
Open an account | Open an account Your capital is at risk. |
Open an account Your capital is at risk.
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Open an account Your capital is at risk. |
Staying Safe in the Forex Market
Protecting yourself goes beyond just choosing a regulated broker. In this section, we'll share crucial tips to help you navigate the forex landscape safely:
When evaluating a broker like LonghornFX, don't just look at whether they have a license - research the regulatory body providing oversight more thoroughly. Different regulators have varying requirements that impact the level of customer protection. According to a study, over half of retail forex traders fail to examine the specific regulators overseeing their brokers. This lack of due diligence can be risky, as the safeguards differ depending on the jurisdiction.
When considering LonghornFX, find out the name of the regulatory authority as well as the specific consumer protections offered under their rules. For example, confirm if client funds are segregated and how much compensation is available if the broker becomes insolvent. Also, identify what dispute resolution options exist. A CySEC-regulated broker may provide up to €20,000 in investor reimbursement while an FCA-regulated broker could give up to £85,000 through the Financial Services Compensation Scheme.