Lirunex Review
Lirunex Review
With Lirunex, their philosophy is to maintain client loyalty and provide professional trading services through continuous improvement. This company operates through its Cyprus office and with all necessary compliances with safety and compliance laws.
Nonetheless, the broker also offers an offshore office for global coverage – though being located only within the offshore zone does not recommend Lirunex Malaysia as a reliable broker. Together with its European set of operational standards followed by CySEC supervision, it has been considered to be safe.
Lirunex Pros and Cons
Pros
- High dynamic leverage and a low deposit
- third-party copy trading services
- VPS hosting for algorithmic traders
- MAM/PAMM accounts available
- Withdrawable bonuses
Cons
- Limited asset
- There is no research or dedicated educational section for beginners traders.
Is Lirunex safe or a scam
Lirunex Limited is not a scam! It’s a regulated broker that gives you safe trading conditions, while your money will be secure. Lirunex, a company that operates under the Cyprus Securities and Exchange Commission (CySEC).
When selecting one to trade with, it’s important to first check the regulatory obligations and legal status. That way, if they are found guilty of any violations they will be penalized accordingly.
In simple terms, it means that they operate transparently, are monitored by the authorities, and if anything goes wrong or violates regulations, may be heavily fined or even dismissed from their activity.
Lirunex offers a wide range of financial products. Clients who are operating within the law and comply with CySEC regulations can take advantage of these benefits by opening an account with Lirunex, either directly or through one of its brokers. In addition, CySEC offers clients the opportunity to earn compensation if their company goes bankrupt.
Lastly, due to MiFID regulation with ESMA expertise set by European regulators on traders’ safety and security measures, such as their trading practices-Lirunex can operate legally within the EEA zone and beyond according to cross boarding license regulations.
Leverage
Leveraged trading allows you to trade on the markets in advance, which means you can obtain better exposure to the markets, while ratios are 1:30 for major currencies, 1:20 for minor ones and 1:10 for commodities. Eventually (although it is rare) European regulators will restrict leverage levels by a maximum of what retail traders may use, as they do not want them going into too much debt.
Account types
Lirunex Limited has a range of account types to suit different needs. One might be the Lirunex Standard Account, which is for a moderate trader who trades less frequently and does not require much in the way of funds. This type of account charges just $10 per trade for up to 250 shares plus no monthly fees or commissions on stock purchases over 1k+ shares with an interest rate.
Fees
Lirunex fees are built into spreads. In addition, always check Overnight Fees or Lirunex Swaps as trading costs (defined by each instrument individually).
Lirunex spread
Lirunex spreads depend on the type of account you trade. Higher grade accounts provide better trading conditions, but all Lirunex accounts offer variable spreads with no commission fees.
Alike, Standard account spreads start from 1.5 pips, Advanced accounts have a spread of 0.7 pips per trade (approximate), Premium accounts have a spread of 0.5 pip per trade and Pro starts at just 3% to zero in on the perfect trading opportunity. Below are two examples that show high Standard Account Spreads as well as FxFlat Fees to compare them to another popular broker called FBS.
LX- Standard | LX- Advanced | LX- Prime | LX- Pro | |
Min Deposit | 25 USD | 100 USD | 200 USD | 10,000 USD |
Commission | 0 USD* | 0 USD* | 8 USD Per Lot | 4 USD Per Lot |
Spread | As low as 1.5 floating spreads | As low as 1.0 floating spreads | As low as 0.0 floating spreads | As low as 0.0 floating spreads |
What Deposit and Withdrawal Methods Lirunex use?
Lirunex offers a variety of payment methods, including transfers to and from your account. With card payments and bank transfers as the only options for making deposits at this time, Lirunex will soon add Neteller, Skrill, and China UnionPay as payment methods.
Lirunex minimum deposit
Lirunex offers a variety of account types. It has a minimum deposit amount of $500 for the first-grade general trading type that is suitable to most traders’ needs. The others have higher deposits and better conditions, but it’s up to you to decide which one is best for your trading needs!
| Lirunex | Most Other Brokers | |
|---|---|---|
|
Lirunex Minimum Deposit
|
$25
|
$500
|
Lirunex withdrawal
There are two withdrawal options for Lirunex: Bank wire or card payment. The latter option will incur a 1.5% charge, so you should verify transaction fees before making any withdrawals. It is always advisable to verify all conditions when making international payments, so as not to be charged any hidden fees by providers.
Trading Platforms
Metatrader4 is one of the most-used trading platforms. MetaTrader4’s mainstay for generating revenue has been its great functionality so far; it has been rewarded for being diverse and customizable in order to meet every trader’s needs.
Desktop Platform
The platform is available on a variety of operating systems, such as personal computer (PC), Mac OS X, and mobile devices. You can also use targeting with tablets.
Lirunex MT4 is an all-inclusive solution for those who want to improve their trading strategies. It contains features that will bring more exposure, even at the beginning level of expertise or with super-comprehensive tools for professional traders.
In addition, there are no restrictions on the number of automated bots (or EAs) that you can use if you’re skilled in creating them or just find them online!
Education
Lirunex Limited also provides extensive conditions for professionals and active traders, which welcomes beginners since it offers learning courses and supports data analysis or strategy guides.
Lirunex education materials are highly recommended reading so that knowledge remains important in trading wherever your skills lie: whether it be beginner level or experienced professionals.
Conclusion
For beginners, the Lirunex brokerage firm offers good trading opportunities and low-risk fee conditions. The company is based in Cyprus, but operates in a Marshall Island offshore entity for clients’ peace of mind.
