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Low minimum deposit requirement of $10, making it accessible for beginners.

High leverage options up to 1:500, allowing traders to amplify their positions.

Wide range of trading instruments, including forex, cryptocurrencies, commodities, and stocks.

Not a regulated broker, which raises concerns about transparency and the safety of client funds.

Deposits and withdrawals are only available through cryptocurrencies, limiting payment options.

Mixed reviews regarding customer support and potential issues with withdrawals.

LonghornFX broker Accounts

LonghornFX Account Types

LonghornFX offers three main types of trading accounts designed to cater to various trader needs:

Best for: Beginners and retail traders in the forex and CFD markets.
Minimum Deposit: $10
Maximum Leverage: Up to 1:500 (varies by asset type)
Trading Instruments: Over 183+ instruments including forex majors, crosses, exotics, stocks, cryptocurrencies, indices, metals, and energy.
Trading Fees: Only spreads are charged (no commission); variable spreads starting from 1 pip.
Trading Platform: MetaTrader 4 (MT4).
Stop Out Level: 70%
Margin Call Level: 100%
Negative Balance Protection: Yes
Investor Protection: No investor protection available.

Purpose: To practice trading without financial risk.
Validity: 30 days
Account Opening: Fully online, takes about 5 to 7 minutes.
Trading Conditions: Same as the ECN account, providing a realistic trading experience.

Best for: Traders who require compliance with Sharia law.
Features: Similar conditions to the ECN account, with no swap fees but may incur an administrative fee.

Opening an account with LonghornFX is a straightforward process that can be completed in a few easy steps:

Visit the Website: Go to www.longhornfx.com.
Sign Up: Click on the "Sign Up" button and provide your personal details, including your name, email, and password. Alternatively, you can sign up using your Facebook or Google account.
Account Verification: After signing up, you will receive a welcome email. Click the verification link provided in the email. Additionally, you will need to verify your account via SMS or phone call.
Deposit Funds: Once verified, you can deposit funds into your account using Bitcoin or credit/debit cards. The minimum deposit is $10.
Start Trading: After funding your account, you can create your trading account and start trading.

For more detailed information, please refer to the sources: