FXCL vs LonghornFX

FXCL or LonghornFX – which is better for UK traders 2024? Compare FXCL and LonghornFX in this detailed breakdown of their platforms, features and fees.

FXCL vs LonghornFX Comparison Table 2024
FXCL LonghornFX
rating empty
rating full
1.8
rating empty
rating full
3
FXCL is ranked #97 among CFD brokers. LonghornFX is ranked #80 among CFD brokers.
Review
Review
FXCL is an offshore brokerage registered with the VFSC. The firm uses ECN execution to offer spreads from 0.0 pips. There are no deposit or withdrawal fees and access to reliable trading tools, including MetaTrader 4. Several promotions are also available including demo contests with cash prizes and deposit bonuses. LonghornFX is a forex and CFD broker offering over 150 instruments with leverage up to 1:500. The firm is registered in Saint Vincent and the Grenadines and was launched in 2020. Clients can access a strong selection of cryptos, alongside forex, indices, commodities and stocks. With ECN/STP processing, this offshore broker promises tight spreads and fast execution.
Pros
  • Regular trading contents with cash prizes, referral schemes and incentives for new and existing traders
  • Integrated MT4 web platform and mobile app with analysis tools and custom charting
  • Loss-free trading insurance for account balances of $500+
  • Multiple account options including a Cent solution for beginners
  • Copy trading service for a hands-off investment approach
  • Very high leverage up to 1:2000
  • Fast deposits and withdrawals
  • True ECN broker
  • MetaTrader 4 platform
  • Multiple asset classes
  • Flexible leverage up to 1:500
  • Customer support is available 24/7
  • Integrated step-by-step user videos
  • Demo account with unlimited virtual funds
Cons
  • Higher than average fees with spreads above 1 pip on forex during tests
  • Deposit and withdrawal fees apply if minimums are not met
  • Very basic education and market research that trails the best brokers
  • Low trust score with weak regulation
  • US traders not accepted
  • Unregulated
  • No copy trading
  • Only one account type
  • Bitcoin withdrawals only
  • No bonuses or financial incentives
Awards
  • Best Newcomer Broker - 2020
  • Best New Forex Broker - 2020
FCA Regulated
No

List of FCA Regulated Brokers

No

List of FCA Regulated Brokers

Instruments
CFDs, Forex, Cryptos, Commodities CFDs, Forex, Stocks, Indices, Commodities, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$1 $0
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
SVG FSA
Mobile Apps
iOS & Android iOS & Android
iOS App Rating
rating empty
rating empty
Android App Rating
rating empty
rating empty
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
Yes Yes
DMA Account
No Yes
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • MYR
  • NGN
  • USD
  • EUR
  • GBP
Commodities
  • Oil
  • Silver
  • Natural Gas
  • Oil
  • Gold
  • Silver
  • Natural Gas
  • Palladium
  • Platinum
CFD
FXCL offers 100+ contracts for difference spanning forex, indices and crypto. Traders get 24/5 customer support alongside fast execution speeds and a low minimum deposit of $1. Trade a decent range of markets via CFDs, with commissions of $6 per lot. There is also a reasonable $10 minimum deposit and 24/7 customer support for new traders.
Leverage
1:2000 1:500
FTSE Spread
130 7.7
GBPUSD Spread<
0.4 1.4
Oil Spread
5 0.8
Stocks Spread
N/A Variable
Forex
FXCL clients can trade more than 40 major, minor and exotic currency pairs with regular and ECN execution models on the MT4 platform. Spreads on currencies start from 0.1 pips. Go long or short on over 50 currency pairs with spreads from 0.6 pips on EUR/USD. Traders can access market-leading forex tools in the MT4 platform, including customisable forex charts and algorithmic trading.
Assets
43 55+
GBPUSD Spread
0.4 1.4
EURUSD Spread
0.1 0.6
EURGBP Spread
0.4 1.5
Cryptocurrency
FXCL supports trading on three cryptos (BTC, ETH and LTC), pegged against the US dollar. However, this is a very limited selection that doesn't rival the best crypto brokers. An impressive selection of 35 crypto pairs are on offer, including BTC/USD and DOGE/USD. There is also high leverage up to 1:100 for experienced crypto traders, which is more than you will find at most competitors.
Spread
Variable Variable
Coins
  • BTC
  • LTC
  • ETH
  • BTC
  • DASH
  • ETH
  • LTC
  • BCH
  • XRP
  • NEO
  • IOTA
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
FXCL LonghornFX
Review
Review
More Comparisons
FXCL
vs

 LonghornFX
vs