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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

1.8	3
FXCL is ranked #91 among CFD brokers.	LonghornFX is ranked #56 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	LonghornFX supports traders with 24/7 assistance that was fast and helpful during testing, plus an extensive Academy featuring 1,650+ market analysis articles, 10 educational pieces, and 4 video guides. Traders willing to forego certain regulatory protections can access high leverage up to 1:500, amplifying both profits and losses on forex, stocks, indices and cryptos. LonghornFX stands out by offering an unlimited demo account and virtual bankroll, allowing aspiring traders to test and refine strategies before risking real 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	LonghornFX hasn't earned the reputation and regulatory credentials of DayTrading.com’s most trusted trading platforms, increasing the risk to your funds in the event of disputes or broker insolvency. Despite reasonable daily market analysis, LonghornFX still lacks the webinars, live trading sessions and comprehensive research provided by best-in-class brokers, which could help inform trading decisions. The less than 200 instruments seriously limits potential trading opportunities, with an especially weak selection of stocks that falls way behind the 12,000+ shares at IG.
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
	Credit Cards Debit Card Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
SVG FSA
Mobile Apps
iOS & Android	iOS & Android
iOS App Rating

Android App Rating

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 interactive tools on the forex industry’s most popular software, MetaTrader 4, with customizable charts, one-click trading and Expert Advisors (EAs) for algo 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
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