Lirunex Review
What is Lirunex?
Lirunex's philosophy is to maintain client loyalty and provide a professional trading service that benefits clients through unmatched professionalism. Lirunex is a brokerage office in Cyprus that ensures safety and compliance with the law.
The broker enabled the offshore office to cover global exposure. However, if Lirunex is only located in an offshore area, we wouldn't recommend Lirunex. Lirunex is considered safe due to its European operational standards and CySEC supervision.
Broker: Lirunex
Minimum deposit: 500 US$
Leverage: 1:30
Regulator: CySEC
Year: 2017
Platforms: MT4
HQ: Cyprus
Lirunex License:
Lirunex Limited - Authorized by CySEC, (Cyprus). registration number. 338/17
Overview
Opening Lirunex account is simple. There are many funding options available. Trading conditions are good with good platforms, education and spreads that are industry average.
The instrument's range is restricted to Forex and CFDs, which are the negative aspects.
Pros
Just open an account
Trading conditions
Convenient platform
Cons
The tool range is limited Forex and CFDs
Minimum deposit 500 US$
Rating of the company overall
Reliability ⭐⭐⭐⭐⭐
Platform ⭐⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐⭐
RATING: 4.5
Is Lirunex a safe product or a fraud?
Lirunex is not a fraud, but a licensed broker. You can trade with a broker that is regulated, and your money will be protected.
Lirunex is a trading symbol of a Cypriot Investment company, also authorized and regulated by the Cyprus Securities and Exchange Commission.When choosing a broker to trade, it is important to verify the legal status and regulatory obligations of the broker. It means that the broker is transparent in its operation and is monitored by the authority. In the event of violations, the broker may be fined heavily or removed from trading.
Lirunex and CySEC brokers respectively manage clients' accounts under transparent conditions and segregate company funds. Clients are also covered under the compensation scheme in the event of company insolvency or CySEc guidelines.
CySEC, being a European regulator, facilitates the expertise of ESMA/MiFID directive towards traders. Lirunex operates with cross boarding licenses, which allow legal trading to clients in the EEA and beyond.
Leverage
Leveraged trading allows for greater market exposure. Retail traders have 1:30 for major currencies, 1:20 for minor currencies and 1:10 for commodities . The European regulators eventually restrict the leverage level to retail traders.
However, professional offers that are presented by two Lirunex account types with higher grate will have specific conditions for higher leverage. This is only available to professionals who are confirmed.
Instruments
Lirunex offers all the conditions necessary for investors to succeed. You will find a wide range of account types and a popular platform for executing orders.
Lirunex offers many FX pairs to trade, CFDs on commodities, and other instruments. All delivered with instant STP execution.
Types of accounts
Lirunex has three types of accounts that can be tailored to your needs. These account types are for traders with small or regular trades or active traders with greater exposure. Below is a quick snapshot of the accounts, which will allow you to see their terms and deposit requirements.
Fees
Lirunex fees can be included in a spread. For a complete fee structure, see the fee table. Also consider funding fees and inactivity fees. As you can see, each instrument has its own trading fees.
Lirunex spread
The Lirunex spread varies depending on which account type you trade, since higher-grade accounts offer better trading conditions. All account types have variable spreads that are free of commission. Similar to Standard account spreads, Advanced starting at 1.5 pips. Premium starting at 0.7 pips. Premium starting at 0.5 pips. Pro starting at 0.3 pipsrespectively. You may also see examples of the highest spreads at Standard accounts. Also, compare FxFlat fees to FBS (Read FxFlat Review).
What deposit and withdrawal methods does Lirunex use?
Our Lirunex Review concludes with payment methods, which allow you to transfer funds to and from your account. These include Card Payments and Bank Transfers . However, Lirunex will soon add Skrill, Neteller, and China UnionPay to their options.
Lirunex minimum deposit
Lirunex's first minimum deposit is 500$. This account type isfirst grade. Other accounts may require more deposits but offer better trading conditions.
Lirunex Minimum Deposit vs Other Brokers:
Lirunex withdrawal
Lirunex withdrawal options such as bankwire will allow you to enjoy a free deposit, but card payments will be subject to a 1.5% fee so make sure you verify all conditions before you send any money. International policies may also mean that payment providers or institutions might charge additional fees. It is important to confirm all details.
Trade Platforms
Let's now get to the Litenex platforms. The broker chose not to complicate things and instead made MetaTrader4 its mainstay. MT4 is a popular platform with a lot of executions per day.
Desktop Platform
Platform comes in a variety of versions that can be used on a PC, MAC, or mobile device.
Lirunex MT4 also comes with a wealth of features and tools that will help you improve your strategy and increase exposure.
There is no limit on EAs. However, known automated robots that may be programmed if you have the skills or are simply chosen from the market.
Finally, Lirunex education materials should be your priority. Knowledge is always important in trading, so it's a good idea to keep up with the latest developments.
Education
Additionally, Lirunex offers learning courses and support with strategy guides, as well as extensive conditions for active traders or professionals.
Conclusion
Overall, Lirunex reviewed showed us that Lirunex is a Cyprus-based brokerage firm and offers quality trading opportunities for both beginning traders and professionals. We like the Lirunex offer of account types and very pleasant fees conditions. It also shows a good respect from clients. Lirunex has an offshore entity in Marshall Islands. However, it is obligated to European CySEC. This gives you the assurance that you are trading with a trustworthy firm.