LonghornFX Exposed: Slippage & BTC Withdrawal Issues Irritate Traders

Does every trade on the LonghornFX platform drain your profits with high slippage? Does the slippage occur even when markets remain normal? Do you constantly witness Bitcoin (BTC) withdrawal issues with this platform? Traders have highlighted how these inefficiencies affect their overall trading experience with the Saint Vincent and the Grenadines-based broker. In this LonghornFX review article, we have highlighted issues raised by traders. Take a look!

Highlighting the Top Forex Trading Complaints Against LonghornFX

The High Slippage Allegation Against LonghornFX

LonghornFX faces allegations of high slippage draining traders profits. In one such case, a trader reported that the broker constantly adds slippage to amplify their gains with just a click. The trader further pointed out that every trade goes through slippage even when markets are not volatile. Concerned by the high slippage visible on the LonghornFX login, the trader shared this negative review.

The Fund Scam Claim Against the Broker

A trader reported losing approximately #16,000 from the LonghornFX platform. Revealing further, the trader conceded that the broker promised to pay him double his investment in three years. However, that was just fake, as per the traders complaint. Here is how the trader shared the LonghornFX review.

Traders Allege Poor BTC Withdrawals

Multiple complaints have emerged regarding how unfairly LonghornFX approaches when it comes to BTC withdrawals. Traders have pointed out that their funds are blocked in the blockchain. Some even criticize the fake claim of a robust and systematic crypto system, which does not remain in real time. According to traders, the broker repeatedly does it, deviating from what it promotes when acquiring clients.

Even the LonghornFX customer support service team fails to meet the traders‘ requirements. Customer support officials have expressed their inability to make modifications to blockchain transactions upon traders’ request. Here are multiple BTC withdrawal-related complaints.

LonghornFX Review: Exploring the Brokers Score and Regulatory Status

The slippage and BTC withdrawal-related complaints against LonghornFX make for a thorough review of the broker, especially from a regulatory perspective. The WikiFX team thus conducted a detailed investigation, only to find it to be an unregulated broker despite operating for more than five years. Considering the serious nature of these complaints, the team gave LonghornFX a poor score of 1.52 out of 10.

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