LHFX Review

Introduction

LHFX, formerly known as LonghornFX, is an online forex and CFD broker that has been offering services since 2020. In 2025, the company had a merger with EagleFX. At a glance, the company has many offerings that traders usually seek in a brokerage. For example, access to 151 instruments across five asset classes, including forex, stocks, cryptocurrencies, indices, and commodities. The broker uses an STP/ECN execution model and advertises raw spreads starting from 0.0 pips, with a commission of $3 per side per standard lot on its Standard account. The broker also offers a high leverage of up to 1:500.

LHFX offers one main trading account with a $10 minimum deposit for cryptocurrency funding. Traders can also use a demo account, request an Islamic swap-free account, and access MT5 on desktop, mobile, or through a web browser. However, it is important to check which legal entity will hold your account before depositing as LHFX states that client trading accounts are opened with LHFX International Ltd in Anjouan, Comoros.

Learn more about this brokerage in this detailed broker review.

Supported Countries

LHFX does not publish a complete list of countries where it accepts clients on the pages reviewed. Its Order Execution Policy states that the broker does not provide services to residents of the United States or to residents of any country where offering its services would breach local laws or regulations.

This means availability may depend on the client's country of residence and local regulatory requirements. Payment methods can also vary by location, so traders should confirm account eligibility and available funding options with LHFX before registering.

An easy way to check availability of a brokerage is to head to their sign up page and fill in personal details. Based on your country code or your IP, most brokers let you know if they accept clients from your country or not. 

Average Customer Rating

Customer reviews can help traders understand how a broker handles everyday issues such as deposits, withdrawals, platform access, and customer support. However, online ratings reflect individual experiences and should not be treated as proof of a broker's reliability or trading conditions. They can still give you some insights though. 

At the time of writing this review, LHFX's Trustpilot profile displays 4.2 stars out of 5 based on 120+ reviews. The profile includes positive comments about support and payment processing, but it also contains complaints about account restrictions and other issues. Traders should read both positive and negative feedback before making a decision.

Trading Platforms

LHFX offers MetaTrader 5 and its browser-based WebTrader named LHFX Trade. MT5 is available for desktop and mobile devices, while the web version allows traders to access their accounts without installing software. MT5 supports technical indicators, charting tools, Expert Advisors, and automated trading. LHFX's FAQ also explains how clients can install third-party EAs. Traders should note that the broker does not provide support for or endorse third-party automated trading tools.

Not much information is shared by the brokerage about their LHFX trading platform at the time of writing this review.

Customer Support

Customer support is important when traders need help with account access, payments, platform issues, or trading-related questions. LHFX provides support around the clock through live chat and email. The broker’s website calls their live chat the fastest contact method, with a first response usually within a minute.

Traders can also contact the support team at [email protected]. The broker says it aims to respond to email enquiries on the same day.

Deposit and Withdrawal Methods

LHFX supports cryptocurrency, card payments, and local payment methods for deposits. The minimum deposit is $10 for supported cryptocurrencies and local payment methods, while card deposits start at $20. Available payment options and limits depend on the client's location and payment provider.

Withdrawals are processed in cryptocurrency. LHFX says most withdrawal requests are automatically approved within minutes, although manual security checks may take longer. The time required for funds to arrive also depends on the blockchain network. The broker does not charge its own deposit or withdrawal fees, but standard network fees may apply to cryptocurrency transactions.

Note: Although LHFX advertises zero deposit and withdrawal fees, third-party payment providers or blockchain networks may charge their own fees. The broker also states that identity verification may be required before withdrawals can be processed.

Tradable Assets

LHFX offers 151 instruments across five asset classes. Its range includes currency pairs, stock CFDs, cryptocurrency CFDs, indices, and commodities. These instruments are available through a single MT5 account, so clients do not need separate accounts for different markets.

The broker provides leveraged CFD trading rather than direct ownership of the underlying stocks or cryptocurrencies. This allows traders to speculate on price movements in both directions.

Note: Leverage varies by instrument. For example, gold is listed at up to 1:500, while other metals and energy products have different limits.

Trader Education

LHFX provides educational material through its online learning section. The content is designed to introduce traders to forex and CFD trading, explain common market terms, and cover the basics of trading strategies and technical analysis.

The learning material includes topics such as forex basics, CFD trading, technical analysis, and trading strategies. LHFX also provides explanations of the instruments available on its platform. These resources can help beginners understand different concepts around trading.

Regulation and Compliance

LHFX operates under three legal entities. Longhorn Ltd is authorised by the Financial Services Commission (FSC) of Mauritius under Investment Dealer Licence GB23202204. LHFX SA (PTY) Ltd is authorised by the Financial Sector Conduct Authority (FSCA) of South Africa under FSP licence 52816. LHFX International Ltd holds an International Brokerage and Clearing House Licence, number L16408/LIL, issued by the Anjouan Offshore Finance Authority in the Comoros.

However, the legal entity holding the client's trading account is particularly important. LHFX's Order Execution Policy states that client trading accounts are opened with LHFX International Ltd, incorporated in Anjouan, Comoros. Therefore, clients should not assume that their trading account is held under the Mauritius FSC or South African FSCA entity simply because those companies are also part of the LHFX group. They should review the applicable agreement and protections before depositing.

Conclusion

LHFX offers a relatively straightforward trading setup, with one main STP/ECN account, a $10 minimum cryptocurrency deposit, and access to 151 instruments. Its advertised raw spreads start from 0.0 pips, while the Standard account charges $3 per side per standard lot. Traders can use MT5, automated trading tools, hedging, and scalping. Islamic/swap-free accounts can be great for Muslim traders. Fast withdrawals, multiple payment options, good leverage, negative balance protection - all are great features from the brokerage. 

On the other hand, the company lacks a tier-1 regulator and phone support. Cryptocurrency only withdrawals can also be problematic for a lot of traders. 

All things considered, the availability of a demo account and a low barrier to entry can make testing the brokerage fairly low risk. Still, we highly recommend doing your own research before committing funds with a brokerage.