LHFX

What LHFX does

LHFX is a retail-facing forex and multi-asset CFD broker operating under Mauritius-incorporated Longhorn Ltd and South African subsidiary LHFX SA (PTY) Ltd, regulated respectively by the FSC Mauritius (Investment Dealer GB23202204) and FSCA South Africa (FSP 52816). The platform is built exclusively on a direct MetaQuotes license of MetaTrader 5, delivered across desktop, iOS/Android, and a proprietary WebTrader with embedded TradingView Advanced Charts, providing STP/ECN order routing to the interbank market with no dealing desk intervention.

The product set spans 150+ CFD instruments across five asset classes (41 forex pairs, 72 stock CFDs, 10 crypto CFDs, 10 indices, and 5 commodities), offered through a single account type with raw pricing from 0.0 pips, $3 commission per side, leverage up to 1:500, and a $10 minimum deposit. Supporting infrastructure includes a 4-tier Introducing Broker and affiliate program with daily payouts, an Islamic swap-free account, a no-credit-card demo account, and an automated withdrawal pipeline that processes ~89% of requests in an average of 19 minutes.

The business model is purely transaction-based: revenue is generated from per-lot commissions, raw spread differentials, overnight swap financing, currency conversion, and IB/affiliate-driven volume acquisition. Marketing is concentrated in affiliate/IB channels, organic content (Education Hub, broker-comparison pages), and social media (Instagram, X), with the 2024 Best Forex Trading Platform and 2023 Best Forex Broker CFDs awards used as positioning evidence. Services are not available to residents of the US, Canada, Japan, and several sanctioned jurisdictions, framing the addressable market as emerging-market and offshore retail traders.

Name

LHFX

Legal name

Longhorn Ltd

Website

https://lhfx.com

Company type

Private

Operating status

Operating

Short description

LHFX is a Mauritius-regulated retail forex and multi-asset CFD broker offering 150+ instruments via MetaTrader 5 and a proprietary WebTrader, using raw STP/ECN execution and an IB/affiliate distribution model to serve retail traders across Africa and other offshore markets.

Ownership category

akta.pro rank

Headquarters

HQ city

Port Louis

HQ country

Mauritius

HQ region

Africa

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain

Revenue model

1. Commission per side: Fixed commission of $3 per side ($6 round-turn per standard lot) on raw STP/ECN accounts. No hidden fees or spread markups on raw accounts.
2. Spread Revenue: Raw interbank pricing with zero markup. Spread revenue derived from the difference between raw market prices and client execution. Spreads from 0.0 pips available.
3. Overnight Financing/Swaps: Funding charges accrue daily on positions held overnight, calculated based on Open Position Margin and number of Calendar Days elapsed since Transaction was opened.
4. Currency Conversion Fees: Charge incurred for converting gains/losses from trading in a Security where the quote currency differs from the Account Base Currency.
5. Affiliate/IB Referrals: Partner commissions from Introducing Brokers ($4/lot direct referrals) and affiliate program ($4/lot direct referral commission). Sub-affiliate tiers across 4-5 levels generating passive revenue.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

LHFX is a retail forex and CFD broker that provides individual traders with access to over 150 tradable instruments — including 41 forex pairs, 72 stock CFDs, 10 cryptocurrency CFDs, 10 indices, and 5 commodities — through the MetaTrader 5 platform and a proprietary web-based WebTrader. Orders are executed via an STP/ECN model that routes directly to the interbank market with no dealing desk, raw spreads from 0.0 pips, and a fixed $3 commission per side. Supporting services include an IB/Affiliate partner program, Islamic swap-free accounts, demo accounts, and deposit bonus promotions.

Product overview

LHFX is a multi-asset CFD broker offering trading through two interconnected platforms: MetaTrader 5 (MT5) as the primary licensed trading terminal, and the proprietary LHFX WebTrader as a web-based alternative with TradingView charts. The product portfolio spans 150+ CFD instruments across five asset classes (forex, cryptocurrency, stocks, indices, and commodities) accessible through a unified account. Supporting services include an Introducing Broker (IB) Program for partnership earnings, an Affiliate Program for referral commissions, Islamic swap-free accounts, and deposit bonus promotions. The platform operates on STP/ECN execution model with raw spreads from 0.0 pips and $3 per side commission, supporting scalping, hedging, and Expert Advisor automated trading without restrictions.

Differentiator

Problem solved

Functional benefit

Products and services

• MetaTrader 5 Trading Platform

Quantifiable outcome

• Average 19-minute withdrawal processing time vs industry standard of 3+ days
• +2 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

Feature5 records

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Vantage: Multi-regulated STP/ECN retail broker offering raw-spread accounts on MT4/MT5. Comparable on execution model, leverage, and active-trader targeting.
• FBS: Retail forex broker with MT4/MT5, high leverage (up to 1:3000), low minimum deposit, and aggressive bonus programs. Comparable emerging-markets positioning and bonus-led acquisition model.
• IC Markets: Australia- and Seychelles-regulated retail forex broker offering raw-spread ECN accounts on MT4/MT5 with $0 commissions on some tiers. Closest direct comparable to LHFX on STP/ECN execution, pricing, and platform choice.
• Admirals (Admiral Markets): Multi-jurisdiction retail broker offering MT4/MT5 with CFDs on forex, stocks, indices, commodities, and crypto. Comparable multi-asset coverage and regulated retail positioning.
• XM: Large multi-jurisdiction retail broker with MT4/MT5, low minimum deposits, and bonus-led acquisition. Highly comparable on platform, customer profile, and bonus-driven GTM motion.
• Tickmill: Regulated retail broker with Pro/VIP raw-spread accounts on MT4/MT5. Similar low-cost STP/ECN value proposition with similar instrument breadth.
• Pepperstone: Multi-regulated retail CFD broker with Razor account offering raw spreads and per-side commission on MT4/MT5/cTrader. Comparable STP/ECN value proposition targeting active and EA traders globally.
• XTB: Publicly listed, multi-regulated retail broker offering MT4 and proprietary xStation platform with CFD coverage. Comparable on multi-asset CFD offering and active retail targeting.
• AvaTrade: Globally regulated retail broker offering MT4/MT5 and proprietary platforms with CFD coverage across multiple asset classes. Comparable on regulated retail offering and bonus-driven acquisition (historically).
• Exness: Globally active retail forex/CFD broker operating MT4/MT5 with low spreads and high leverage. Closely comparable on platform, instrument coverage, and emerging-markets retail focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/lhfx_official
• Instagraminstagram.com/lhfx_official
• Facebookfacebook.com/lhfxofficial

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LHFX