LHFX

LHFX is the trading name of Longhorn Ltd, a forex and CFD broker established in 2025 and headquartered in Mauritius. The company presents itself as an ECN STP broker, aiming to provide direct market access with transparent pricing. With a registered address at Suite 102, 1st Floor, Sterling Tower, 14 Poudriere Street, Port-Louis, Mauritius, the broker targets both retail and professional traders seeking high leverage and low-cost trading.

Despite its recent founding, LHFX has already gathered a user base, partly through the acquisition of Cedar FX. The broker offers a range of trading instruments and utilizes the widely recognized MetaTrader 4 platform. It is important to note that LHFX operates under a Derivatives Trading License from the Financial Sector Conduct Authority (FSCA) of South Africa (license no. 52816), which is its sole regulatory credential.

LHFX holds a single regulatory license from the FSCA in South Africa. The FSCA is a well-known regulator, but it does not offer the same level of investor protection as top-tier bodies like the FCA or CySEC. The broker’s risk score from FXCanary is 43 out of 100, indicating a guarded level of safety. Traders are advised to conduct their own due diligence.

The company has no recorded employee count in the provided data, and its Mauritius registration may raise questions about oversight. While no clone or impersonator sites have been detected, 33 withdrawal-related complaints have been noted across review platforms. These factors contribute to the overall risk assessment.

LHFX offers trading through a single platform: MetaTrader 4 (MT4). MT4 is available for Windows, Mac, iOS, and Android, providing a familiar environment for many traders. The broker supports demo accounts for practice and Islamic accounts for swap-free trading.

The minimum deposit is advertised at $10, making it accessible to traders with small capital. However, the maximum leverage of 1:500 is high and carries significant risk. The broker does not disclose multiple account tiers in the provided data, suggesting a straightforward account structure.

LHFX claims to offer over 150 tradable assets, covering currency pairs, indices, commodities, stocks, and CFDs. The broker operates as an ECN STP model, which typically provides direct market access with no dealing desk intervention.

Spreads are advertised from 0.08 pips on EUR/USD, with a commission of $6 per lot applied across all instruments. The broker states there are no fees for deposits or withdrawals. While these conditions are attractive, traders should verify the fine print regarding overnight financing and other charges.

According to LHFX, deposits and withdrawals are free of charge. The broker supports various funding methods, though specific options are not disclosed in the provided data. User reviews frequently mention fast processing times for both deposits and withdrawals, often within an hour.

However, there have been notable complaints concerning Bitcoin withdrawals: some users report that LHFX sends transactions with very low blockchain fees, resulting in stuck or unconfirmed transactions. This issue appears specific to cryptocurrency withdrawals and may affect users who prefer that method.

LHFX offers customer support, but recent reviews indicate a shift to an AI chatbot that some users find unhelpful. Positive reviews acknowledge responsive service, while negative ones describe difficulty reaching a human agent or receiving timely assistance.

The broker’s support seems inconsistent. For traders who value reliable human support, this may be a concern. It is advisable to test the support channels before committing large funds.

LHFX positions itself as a low-cost, high-leverage broker with fast execution and withdrawals. Its use of MT4 and the range of instruments cater to many retail traders. However, the guarded risk score and specific complaints regarding Bitcoin withdrawals and support responsiveness warrant caution.

Traders should consider their own priorities: if fast withdrawals and low spreads are key, LHFX may be suitable. But those requiring robust customer support or who trade large Bitcoin amounts should weigh the potential risks carefully.