Operating Without a License
This entity is officially incorporated in Saint Vincent And The Grenadines. However, a significant detail to note is that a visit to the SVGFSA’s online database will reveal a notice stating that the authority no longer regulates Forex brokers.
Beyond their lack of regulation within their own domain, this brokerage also fails to possess any credentials from esteemed financial bodies such as the FCA, BaFin, CySEC, CONSOB, or others.
Ultimately, no matter how enticing their offerings might appear, it is advisable to opt for a credible platform for foreign exchange services to ensure the security and safety of your investments. Additionally, it’s wise to consult our analysis of Trading Aureo, another questionable enterprise with a different operational focus.
Questionable Prestige
When verifying the broker’s legitimacy, the feedback from their clientele is paramount. Regrettably, our investigations have unearthed potential misconduct on TrustPilot.
Despite the high praises on the broker’s profile, all the flattering reviews appear clustered together, roughly five at a time, suggesting manipulation by paid review networks. This suspicion gains weight considering the absence of reviews on other consumer forums such as SiteJabber.
Web Pursuits
The website longhornfx.com was initially established in 2020, according to WhoIs database records. The site attracts considerable attention, notably from:
- The United States
- South Africa
- The United Kingdom
- Malta
- India
The brokerage maintains a conspicuous presence on social platforms, with profiles on Facebook, TikTok, and another platform, X. Although lacking an official presence on Instagram and YouTube, they operate through partnerships with various minor influencers.
Some of these influencers also engage in deceptive practices, often resembling boiler room operations, coaxing new investors with false promises of substantial financial returns. Regrettably, due to the firm’s dubious legal status, retrieving any funds requires specialized intervention.
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