Longbridge
Pros and Cons
Pros
- Regulated by Hong Kong Securities and Futures Commission (SFC)
- Diverse range of trading instruments including stocks, ETFs, bonds, and options
- Multiple trading platforms: Longbridge App, web version, MT4/MT5
- No fees for deposits and withdrawals
- Flexible account types: Individual, Institutional, and Intraday accounts
Cons
- Regulatory status marked as unverified
- Limited information on trading conditions
- Only supports specific account types
- Lack of advanced educational resources
- Potential risks with unverified licenses
Basic Information
User Reviews
Longbridge Overview
Longbridge, officially known as Long Bridge HK Limited, is a forex broker established in Hong Kong and has been operating for 1-2 years. The broker is regulated under the Hong Kong Securities and Futures Commission (SFC) and holds an additional license from the Financial Service Providers Register (FSPR) in New Zealand, although the regulatory status of these licenses is marked as unverified. This regulatory framework aims to provide a certain level of oversight and security for traders engaging with the broker.
Is Longbridge Safe? Regulation Analysis
Regulatory Information
| Regulatory Authority | Country/Region | Fund Protection Measures |
|---|---|---|
| Hong Kong Securities and Futures Commission (SFC) | Hong Kong | Unverified |
| Financial Service Providers Register (FSPR) | New Zealand | Unverified |
Is Longbridge Regulated and How Are Client Funds Protected?
Longbridge, officially known as Long Bridge HK Limited, operates under the regulatory oversight of the Hong Kong Securities and Futures Commission (SFC) and the Financial Service Providers Register (FSPR) in New Zealand. However, it is important to note that the regulatory status of these licenses is marked as unverified. This raises questions about the broker’s overall legitimacy and investor protection measures. As such, client funds may not be guaranteed by robust protection schemes typically associated with well-regulated entities. Traders should approach with caution, considering the potential risks involved when dealing with a broker whose regulatory framework lacks full verification.
Trading Products and Services
What trading instruments does Longbridge offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | [Major Pairs / Examples] | [Number] |
| Commodities | [e.g. Gold, Oil] | [Number] |
| Indices | [e.g. S&P 500, NASDAQ] | [Number] |
| Stocks | [e.g. US, UK] | [Number] |
| Cryptocurrencies | [e.g. BTC, ETH] | [Number] |
Longbridge offers a diverse array of trading instruments, catering to various trader preferences and strategies. The inclusion of multiple asset categories, such as Forex, commodities, indices, stocks, and cryptocurrencies, allows traders, whether beginners or seasoned professionals, to build diverse portfolios and adapt their trading strategies accordingly. This flexibility meets the needs of both technical traders looking for specific market movements and long-term investors seeking stability across different market segments. By supporting various instruments, Longbridge enhances the trading experience, promoting an adaptable approach to market engagement.
Account Types and Trading Conditions
What Account Types and Fees Does Longbridge Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Individual Account | Personal traders or investors | Designed for individual trading needs | Suitable for personal investment strategies |
| Institutional Account | Companies or institutions | Supports multiple accounts | Requires corporate documentation |
| Intraday Account | Day traders | Focuses on T+0 trading | Customer must complete trades within the same day |
Account Opening Process
To open an account with Longbridge, prospective traders must complete several steps. Initially, they will need to submit personal, employment, and financial information. Following this, identity verification is required, which involves providing an identification document and proof of address. It’s also worth noting that Longbridge allows for account flexibility, enabling traders to upgrade to a professional account later if they meet the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | N/A | N/A | Specific spreads and commissions are not detailed |
| CFDs (Stocks) | N/A | Commission-free for life after opening an account | Options charged at USD 0.10 per contract |
| CFDs (Indices) | N/A | N/A | Specific fees not provided |
| CFDs (Commodities) | N/A | N/A | Specific fees not provided |
| Cryptocurrencies | N/A | N/A | Specific fees not provided |
Other Fees
Longbridge does not charge any fees for deposits or withdrawals. Additionally, there may be fees associated with inactivity, overnight interest (swap rates), and currency conversion, although specific details are not provided. Traders should inquire directly with Longbridge for a complete understanding of the fee structure related to platform usage and other associated costs.
Trading Platforms and Apps
What Trading Platforms and Apps Does Longbridge Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Longbridge App | iOS, Android | Secure login with encryption, multiple order types, price alerts, technical indicators | Demo accounts available |
| Web Version | Windows, macOS | Market search feature, one-click trading, price alerts | API interface offered |
| MT4/MT5 | Windows, macOS | Advanced charting tools, automated trading capabilities, secure login with 2FA | VPS services available |
Longbridge offers a variety of trading platforms tailored to different trader preferences. The Longbridge App facilitates mobile trading with convenient access and secure login methods, while the web version provides robust market search and trading functionalities. MT4 and MT5 are designed for advanced traders, featuring extensive tools for market analysis and automation. Each platform emphasizes secure logins, efficient order execution, and real-time alerts, ensuring traders have the necessary tools to manage their investments effectively.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 business days | No platform fee | Min 100, Max 10,000 | HKD, NZD, USD |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 20,000 | HKD, NZD, USD |
| E-wallet (e.g., PayPal) | Instant | No platform fee, 1.5% for withdrawals | Min 50, Max 10,000 | HKD, NZD, USD |
Minimum Deposit
Longbridge requires a minimum deposit of 50, which remains consistent across various payment methods and account types. However, it is advisable to check specific requirements that may apply based on the chosen payment method.
How to Withdraw
- Log in to your Longbridge account.
- Navigate to the withdrawal section of the platform.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it complies with the specified limits.
- Follow the prompts to confirm your withdrawal request.
- Check your email for confirmation and monitor the status of your withdrawal in your account dashboard.
Customer Support
Longbridge Customer Support Overview
Support Channels
Longbridge offers multiple contact methods for customer support, ensuring traders can easily reach out for help. The primary channels include:
- Email: Traders can contact customer service via email at service@longbridge.hk.
- Telephone: Customers can call Longbridge at +852 3851 1777 for direct assistance.
- Social Media: Longbridge maintains a presence on platforms like Facebook and X, providing additional avenues for communication.
Service Availability
Longbridge provides support services during business hours, ensuring that help is available when it’s needed. The support is primarily offered in English, catering to a wide range of customers.
Frequently Asked Questions
Longbridge, officially known as Long Bridge HK Limited, operates under the regulatory oversight of the Hong Kong Securities and Futures Commission (SFC) and the Financial Service Providers Register (FSPR) in New Zealand. However, it is important to note that the regulatory status of these licenses is marked as unverified, which raises concerns about overall legitimacy and investor protection measures. As such, client funds may not be guaranteed by robust protection schemes typically associated with well-regulated entities.
Longbridge offers a diverse array of trading instruments, including Forex, commodities, indices, stocks, and cryptocurrencies. This variety caters to different trader preferences and strategies, allowing both beginners and seasoned professionals to build diverse portfolios and adapt their trading approaches accordingly.
Longbridge provides three account types: Individual Accounts for personal traders, Institutional Accounts for companies, and Intraday Accounts focused on day trading. There are no fees for deposits or withdrawals, but additional charges may apply for inactivity, overnight interest, and currency conversion. Specific trading fees, such as spreads and commissions, are not detailed in the available information, so traders should inquire directly for clarification.
Longbridge offers multiple contact methods for customer support. Traders can reach out via email at service@longbridge.hk, call at +852 3851 1777, or connect through social media platforms like Facebook and X. Customer support is available during business hours and is primarily offered in English.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.