LHFX is an African Forex broker, that originally opened on June 9th 2020. We initially received an email from EagleFX recommending that we signup with this broker.
Officially they are owned and operated by Longhorn LTD, which is located at: 14 Poudriere Street, Suite 102, 1st Floor, Sterling Tower, Port-Louis, Mauritius.
There is no listed phone numbers for this broker, however the contact email address is: [email protected]. Official website is: https://lhfx.com/.
For complaints and withdrawal problems, read this.
LHFX Reviews
Our review of the broker Long Horn FX finds that their day trading clients are offered the popular Forex trading app known as MT5 or MetaTrader 5. At this broker you will see that they offer the desktop app, a web-based trading app, along with mobile trading apps for Android & iOS devices. You will be able to create multiple demo accounts to test out their trading platforms and your trading strategies.
They offer almost 200 underlying assets, for trading CFD’s including; Forex / Currency pairs, Commodities (Oil, Gold & Silver), Market Indexes and some Stocks. Leverage rates are: Forex – 1:500, Metals – 1:500, Indices & Energy – 1:200, Crypto – 1:100 and Stocks – 1:20. Commission rates are from $1 – $7 per lot. Minimum deposit requirement for a new trading account is $50.
Before beginning your quest to become a millionaire trading Forex, you should first read the article: “The Difference Between Regulated & Offshore Brokers“.
Deposits & Withdrawals
Depositing to this broker is done via Bitcoin Only. Basically, when using a credit card, you are buying Bitcoins, which you will then transfer to their Bitcoin wallet. It is important to know, that Bitcoin transactions are not covered by your credit cards fraud protection.
If you are currently investing with LHFX brokers, please share your experience in the comments section below.
Have you tried using a licensed broker? Look here…
Is LHFX Regulated?
LHFX is owned by Longhorn Ltd, which is based on the island of Mauritius. They are regulated by the Financial Services Commission Mauritius under the Investment Dealer license number GB23202204, Code SEC-2.1B.
If you are from South Africa, you should see that they are owned by; LHFX SA (PTY) Ltd. In South Africa that are an authorised Financial Service Provider regulated by the FSCA of South Africa, with license number 52816.
ZA address is: 73 Richard’s Park, Fife Street, Sandton, Johannesburg, Gauteng, 2090
Forex brokers in the United States must be licensed and regulated by the CFTC, otherwise your cash is not protected.
Today you will find many “Get Rich Quick” scams online, and most investors end up losing their money. The way you know a Crypto / Forex broker is not a scam, is by checking their website for a license. When you see that they hold a valid license from your governments financial regulator, you can be sure that they are a legitimate broker.
Compare Regulated Brokers
There are so many Forex brokers to compare and choose from online, just look here.