Abstract:LIGFX, a trading name of LONGHOU INVESTMENT GROUP, is allegedly a forex and CFD broker registered in New Zealand that claims to provide its clients with various tradable financial instruments on the MetaTrader4 and MT4 Mobile trading platforms.
Note: LIGFX is to operate via the website - https://www.ligfx.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
New Zealand FSPR (license number: 330706)s regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
LIGFX, a trading name of LONGHOU INVESTMENT GROUP, is allegedly a forex and CFD broker registered in New Zealand that claims to provide its clients with various tradable financial instruments on the MetaTrader4 and MT4 Mobile trading platforms. Here is the home page of this brokers official site:
As this brokerage's website cannot be accessed, we were unable to obtain further details about its leverage, spreads, minimum deposit, etc.
As for regulation, it has been verified that LIGFX holds a revoked Financial Service Providers Register (FSPR) license. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.50/10. Please be aware of the risk.
Market Instruments
LIGFX advertises that it offers trading of currencies, CFDs and commodities.
Account Types
LIGFX offers demo and live accounts. However, we didnt find any information on the minimum initial deposit requirement to open an account.
Trading Platform Available
The platform available for trading at LIGFX is one of the most notable and preferred trading platforms the market offers - MetaTrader4 and MT4 Mobile. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Customer Support
LIGFX‘s customer support can be reached by telephone: +64-9302-0530, email: service@longhoufx.com. However, this broker doesn’t disclose other more direct contact information like the company address that most transparent brokers offer.
Pros & Cons
Saxo Bank launched an attractive promotion for new clients that offers zero commission trading on transactions for the 100 most popular US stocks. This campaign began on September 17, 2024, and runs until December 31, 2024. It aims to attract clients who want to invest without paying trading costs.
MetaQuotes now offers Nasdaq real-time tick data in MetaTrader 5. Subscribe for accurate market analysis, improved trading strategies, and flexible subscription plans.
Federal Reserve Cuts Rates for the First Time in Four Years. On September 18, Bank of America Global Research revealed an upward adjustment in its forecast, expecting the Federal Reserve to implement a total of 75 basis points in rate cuts by year-end.
The Federal Reserve’s decisions to raise or cut interest rates are among the most influential drivers of market activity, particularly in the forex and cryptocurrency markets. Understanding the impact of rate changes is crucial for market participants, as it helps them anticipate potential movements and adjust their strategies accordingly.