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: