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LonghornFX vs AAATrade

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

LonghornFX vs AAATrade Comparison Table 2024
LonghornFX	AAATrade

3	3.5
LonghornFX is ranked #56 among CFD brokers.	AAATrade is ranked #91 among CFD brokers.
Review	Review
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.	AAATrade is a forex and CFD broker established in 2013 and regulated by CySEC. The STP broker offers tens of thousands of Stocks, ETFs, CFDs, securities and cryptocurrency products on the proprietary and MetaTrader platforms. Traders can benefit from standard retail accounts as well as portfolio management and advisory services.
Pros
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.	I was glad to see commission-free trading available in the Novice account, though seasoned traders can also benefit from low commissions from 0.125% in the Experienced account There's a good range of trading platforms, including the new AAATrader™ and MT5 mobile app. I particularly appreciated the broker's in-house crypto exchange platform I feel assured the AAATrade is regulated by tier-1 authority, the CySEC and is also a member of the Investor Compensation Fund (ICF) I like that there is no minimum deposit for both the Novice and Experienced Accounts, making the broker accessible for all traders I was very impressed to find a $100,000 demo account available with free access to webinars and forex education
Cons
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.	I'm a little disappointed that fees charged on deposits, which puts the broker behind most competitors offering free deposits Crypto trading does not have the same protection or regulation as other markets, though this is industry standard
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, Stocks, Indices, Commodities, Cryptos	CFDs, Forex, Stocks, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$0	$0
Payment Methods
Credit Cards Debit Card Wire Transfer	Credit Cards Debit Card emerchantpay FasaPay Maestro Neteller Skrill
Minimum Trade
0.01 Lots	$0
Regulator
	CySEC
Mobile Apps
iOS & Android	Yes (iOS & Android)
iOS App Rating

Android App Rating

Margin Trading
Yes	Yes
Margin Rate
	1:200
MetaTrader 4
Yes	No
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
Yes	Yes
ECN Account
Yes	Yes
DMA Account
Yes	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	Yes
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
Trade Signals
	Yes
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Islamic Account
Yes	No
Account Currencies
USD EUR GBP	USD EUR GBP
Commodities
Oil Gold Silver Natural Gas Palladium Platinum
CFD
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.	During my tests, I found thousands of leveraged CFD products across forex, indices, commodities, stocks and cryptocurrencies. Commissions are competitive and I particularly enjoyed using all the free CFD trading resources available in the demo account.
Leverage
1:500	1:200
FTSE Spread
7.7	0.5
GBPUSD Spread<
1.4	0.00002
Oil Spread
0.8	0.10
Stocks Spread
Variable	Floating
Forex
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.	AAATrade offers 80+ forex pairs, including majors and minors, which is a competitive range and more than most brokers I have reviewed. I was also able to take advantage of the broker's daily technical insights with chart analysis, as well as the live economic calendar.
Assets
55+	10000+
GBPUSD Spread
1.4	0.00002
EURUSD Spread
0.6	0.00002
EURGBP Spread
1.5	0.00002
Cryptocurrency
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.	I was impressed with AAATrade's range of 50 cryptocurrencies, including Bitcoin and Ethereum, which is more than most brokers I review. I was particularly glad to see a good mix of crypto-crypto pairs, as well as some crypto-fiat pairs against USD and EUR.
Spread
Variable	Floating
Coins
BTC DASH ETH LTC BCH XRP NEO IOTA	BCH BTC EOS ETC ETH LTC USDT DOGE XLM XRP XTC ZEC ADA ATOM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	Yes

LonghornFX	AAATrade
Review	Review
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