LHFX Broker Review 2026: All you need to know

• MT4 ECN: Through the only type of account offered by LHFX, traders operate under an ECN model, with access to Forex pairs, cryptocurrencies, commodities, indices, and stocks. It offers customizable leverage levels of up to 500:1. Traders have the option to choose the currency of their account denomination among USD, EUR, and GBP. Trading can be done in lot sizes starting from 0.01 lots. They face a model that includes spreads and a commission. The commission is $6 per lot per round turn. Swaps are charged.

• Demo Account: LHFX offers demo accounts.
• Islamic (Swap-Free) Account: LHFX offers Islamic (Swap-Free) accounts that can be opened through the client portal. This account has the particular feature of not charging swap fees. Instead, an administration fee is applied.

• Spreads and Commission:
  The MT4 Account offers spread plus commission trading. The spreads on major pairs start around 0.3 pips and, on average, remain around 0.7 pips. The average spread for Gold is 0.1 pips, and for BTC, it is 25 pips. Each trade also incurs the cost of the commission, which is $6 per lot per round turn. In terms of spread, for majors, the cost of the commission is equivalent to approximately 0.6 pips.
  Commissions: $6.00 per lot, per round turn. 
• Swap/Rollover fees:
  Rollover fees apply to overnight positions and vary depending on the specific instrument being traded. Detailed swap rates can be seen in the MetaTrader Platform. The fees on swaps vary over time. During our review, the fees on swaps were slightly above the industry average.
• Inactivity fees:
  If there is an account that has been created for more than 180 days, the client has not made any deposits for a minimum of 90 days and has not made any trades for a minimum of 30 days, the account will be considered inactive. There is a monthly $10 fee on inactive accounts.
• Deposit and withdrawal fees: 
  LHFX does not charge any deposit or withdrawal fees. Still, traders should be aware that there are network fees that could be charged when making a deposit and a withdrawal using Bitcoin, which is the only available method. During our review, we faced a network fee (blockchain) when making the deposit, but not when receiving the withdrawal.

LHFX accepts only one method for making a deposit: Bitcoin. This cryptocurrency is globally recognized and increasingly used. However, the fact that this is the only available option is an important limitation, especially compared to other brokers that not only offer Bitcoin but also a greater diversity of methods, including various fiat and cryptocurrencies.

Minimum deposit: The MT4 ECN account requires a minimum deposit of $10.

Currencies accepted for deposits (and withdrawals):

• Cryptocurrency: Bitcoin.

Processing times:

• Deposits at LHFX take a few minutes to be credited. During our review, from the moment the order to withdraw the funds from the wallet was placed until it was credited in LHFX, less than two hours passed.

User Experience:
The deposit process is straightforward and quick. It's important to be somewhat familiar with transferring cryptocurrencies and to know the basic questions to avoid any issues. 

The fact that deposits can only be made with Bitcoin is not just a limitation regarding methods; it also means having to convert from any other cryptocurrency to BTC. This conversion can come with associated transfer costs and requires moving to a currency with higher volatility than a stablecoin. 

Once the conversion to BTC is completed, the process can begin: from the client portal, the trader initiates the deposit process. They then enter the information in their wallet and approve the transfer. During our review, it took less than two hours for the funds to be credited to the account. It was a quick and simple process, with no issues arising.

The only method available for withdrawals is the same as for deposits: Bitcoin.

Minimum withdrawal: The minimum amount for a withdrawal is $10.

Processing times: Withdrawal requests are reviewed on the same day they are submitted. LHFX states that once approved, the transaction may take up to six hours for the blockchain to confirm before being credited to the client’s wallet. However, it is worth noting that the total processing time is usually much shorter, as was the case during our review.

User Experience:
As the only option available for making a withdrawal is through Bitcoin, the first step is to transfer the funds from the trading account to the wallet. It is a simple process that is completed in seconds.

Next, we begin the process in the dashboard by selecting “Withdrawal” and the only method available. Then we select the account and the amount. This leads us to a webpage where we need to fill in the destination wallet address and confirm, to initiate the process. 

After accepting, a message indicates that the process has been initiated and that it requires approval from the “admin.” At this point, there is also the option to cancel the process if you change your mind. After six minutes, we received a message indicating that the withdrawal had been approved. Following this, the formal transfer began. Approximately 90 minutes later, we had the funds in our wallet. During the process, no fees were charged. It was a simple procedure that only required knowledge of cryptocurrency wallets, without involving bureaucratic delays.

LHFX states that it does not offer bonuses at the moment. However, during our review, we received a “Welcome Bonus” of up to $100, released as we trade, rewarding $1 for every 1 lot traded.

LHFX also has an affiliate program that provides the opportunity to earn commissions by referring traders to the broker. Clients can earn $4 per lot traded by any referred client, with no cap on volume or referrals.

LHFX offers a range of tradable CFDs instruments across multiple asset classes, including:

• Forex: 55
• Commodities: Metals 4 and Energies 2
• Indices: 10
• Cryptocurrencies: 25
• Stocks: 77
• Futures: 1

The minimum lot size is 0.01 lots, which allows for better margin control and flexibility in risk management.

LHFX offers a single type of account, where you can choose the currency (EUR, GBP, or USD) and the level of leverage, ranging from 25:1 to 500:1. This way, you can have multiple trading accounts with different settings.

• Forex: 500:1
• Metals: 500:1
• Indices: 200:1
• Crypto: 100:1
• Energy: 50:1
• Stocks: 20:1

LHFX uses an Electronic Communication Network (ECN) model, which means that traders interact with a transparent entity without an intermediary, and the broker is not the counterparty. Under this model, brokers generate revenue by adding points to the spread and by charging a commission. Liquidity is provided by top-tier providers. Traders can use different types of orders, such as market, limit, and stop orders. For more advanced capabilities, traders need to use Expert Advisors, as the only platform available is MetaTrader 4.

User Experience: During our review, all orders were executed properly at the requested price, experiencing minor slippage in both directions. The spreads in Forex, commodities, and indices were seamless and within the expected parameters. Execution speed was fast, with no requotes or rejections. The connection with MT4 remained stable. Spreads proved to be stable, widening only during volatile events like the Federal Reserve's interest-rate decision.

• LHFX allows for hedging, scalping and also algorithmic trading.

MetaTrader 4 (MT4) is a widely recognized and reliable trading platform, valued for its speed, low resource usage, and ease of use. However, it is more limited than MetaTrader 5 (MT5) and considered outdated compared to newer platforms. A key drawback with LHFX is that traders must manually configure both the desktop and mobile versions, which can be time-consuming, especially when setting it up on multiple devices.

• Copy Trading: LHFX does not support copy trading.
• Multi-Account Manager (MAM): No MAM accounts are available.

• LHFX’s website includes an “Academy” section, divided into Trading Analysis, Guides, and Education. The Trading Analysis segment contains in-depth articles, but it has not been updated for several months, giving the impression that it is inactive. The Guides section offers only basic instructions regarding deposits, yet these materials are outdated, as some articles are more than five years old. Finally, the Education section features around 10 articles covering introductory topics, from leverage to the cryptocurrency market. However, these articles are brief and somewhat outdated.
• In general, LHFX shows significant limitations in terms of educational content, making it one of the weakest aspects of the broker.

• Economic Calendar: LHFX does not offer an economic calendar.
• News & Analysis: Occasional market news and technical analysis updates are provided, but they are infrequent. The section seems to have been discontinued.
• Sentiment Indicators: Limited to those provided within MT4 only; no proprietary sentiment tools.

Mid-tier regulation:

• LHFX SA (PTY) Ltd is an authorised Financial Service Provider registered and regulated by the Financial Sector Conduct Authority (FSCA) of South Africa under license number 52816.

Low-tier regulation:

• LHFX is a trading name of Longhorn Ltd, a Mauritius company authorized and regulated by the Financial Services Commission of Mauritius under the Investment Dealer license number GB23202204, Code SEC-2.1B.

• LHFX does not provide negative balance protection. Instead, it relies on a stop-out mechanism to help prevent accounts from falling below zero. However, in periods of high market volatility or during market closures, a negative balance may still occur, leaving the client liable to repay the broker.
• According to regulatory requirements, client funds should be held in segregated accounts. 
• LHFX does not offer deposit insurance or compensation schemes, nor is it a member of the Financial Commission.
  

LHFX has a generally acceptable reputation based on feedback from various sources, though it falls behind many of its competitors. There are no widespread complaints, only isolated cases. However, the overall volume of reviews remains relatively low. On Trustpilot, LHFX maintains an active presence and responds to client feedback, which demonstrates a degree of commitment to customer service and provides some reassurance that client concerns are taken seriously. That said, some responses to negative reviews appear overly defensive and, at times, verge on unprofessional.

LHFX provides customer support on a true 24/7 basis. Assistance is offered exclusively in English, which may be a limitation for clients who do not speak the language.

Clients can access support through several channels, including a helpdesk ticketing system, email, or by requesting a callback. Live chat initially begins with a chatbot, but users can quickly escalate to a live agent, who typically responds promptly – even on weekends. However, LHFX does not provide support via social media.

Compared to many other brokers, LHFX stands out for offering genuine 24/7 availability and for the speed of its customer service responses.

The responses provided by LHFX customer support during our tests were prompt and helpful. We were able to connect with a live agent in less than one minute, receiving professional, friendly, and accurate assistance – even during the weekend. Email responses were received within one to two hours.

The only service we could not access was the callback feature, due to technical issues with the phone number configuration. Nonetheless, customer service showed a willingness to resolve the issue and attempted multiple times to make it work.

Overall, the responses were clear and satisfactory, demonstrating that LHFX customer support is both useful and efficient. The only inconvenience was the inability to complete phone verification. Still, this did not impose any limitations, as deposits, withdrawals, and transfers were processed without issues.

The design of the LHFX website and dashboard is simple, intuitive, and user-friendly. Its simplicity is mainly due to the straightforward structure and the limited number of tools and resources available. There are no complex menus to navigate when logging in or opening an account, and overall navigation is smooth. 

During our review, we did not encounter any broken pages or loading issues. However, the website lacked some details and features that could improve the clarity and accessibility of information. The main website displayed certain features, such as multiple deposit methods, that are ultimately not available, which may create confusion for users. Additionally, the information displayed on spreads was sometimes inaccurate.

Regarding mobile capabilities, LHFX enables trading through the MetaTrader 4 (MT4) mobile application, which delivers most of the platform’s core functionalities. Traders can access live prices and charts, open and modify positions, and use advanced charting tools with custom indicators – although the experience is not as comprehensive as on the desktop version.

LHFX does not offer a proprietary mobile app for account management or funding. While deposits and other actions can be completed via the broker’s mobile website, the process may be less convenient and more time-consuming compared to brokers that provide dedicated mobile solutions.

The process of opening an account and making the first deposit with LHFX is simple and fast. It is intuitive, requires minimal information, and is in line with what many other brokers offer, placing LHFX on par in terms of ease and speed. It should also be noted that a trading account can only be opened after making a deposit.

During our review, the account opening procedure was very quick and straightforward, taking only a few minutes with just basic personal information and a short regional form. 

The client agreement is accepted as soon as the account is created in the initial step. Data verification is minimal, requiring only email confirmation and no phone number verification. The account was activated quickly in a separate environment. However, for no apparent reason, we were logged out and had to continue the process directly from the dashboard, which felt somewhat disorganized but showed no complications.

While we were unable to verify the phone number despite requesting assistance, this did not prevent deposits or withdrawals. We were able to open the trading account about one hour after making the initial deposit.

Overall, the process gives the impression of a somewhat informal broker. It combines advanced forms for KYC compliance with other steps where no documentary proof is required. Furthermore, the contract presentation and acceptance is lax, as it is presented on a webpage rather than as a formal, downloadable document.