Lirunex | Review | CFD Trading Platform

Lirunex | Review | CFD Trading Platform

Lirunex | Review | CFD Trading Platform Review

Our Review

 

What is Lirunex?

10 points summary

How Protected are you with Lirunex?

Awards

Is Lirunex a Scam or Safe?

Account

Trading Instruments

Trading Platforms

Trading Fees

Deposit and Withdrawal Options

Education

Customer Support

Conclusion

 

 

What is Lirunex?

The Forex market is considered the biggest market in terms of volume. However, the risk involved in Forex trading is massive. But, what is there in this life that does not involve risk?

In trading, the benefits over-shadow the risk. Lirunex is a forex trading company that offers its users a brilliant trading environment. It operates in Cyprus and is regulated by Cysec, which removes any doubt about its credibility. It came into existence in 2017 and has built itself a respectable reputation in the forex trading market. It operates on the MT4 platform and offers different types of accounts, and fantastic leverage. In a short period, Lirunex managed to make its offshore office capable of global coverage. If it were still operating in an offshore zone, it might not be trusted enough in the trading world. 


 

Pros

Cons

Regulated by CySec.

MT5 Platform not provided. 

Different types of accounts offered.

 

MT4 Platform. 

 



 

10 Points Summary

Headquarters

Cyprus

Regulation

CySec

Platforms

MT4

Instruments

FX pairs, commodities, CFDs

EUR/USD Spread

1.5 pips

Demo Account

Yes

Minimum deposit

$25

Base currencies

USD, GBP, EUR

Education

Provided

Customer Support

24/7

How Protected Are You with Lirunex?

As with any broker, trust is essential. It is the building block of the relation between the broker and the trader. If trust is not there, the journey won't last long. 

Lirunex is regulated by CySec, which means that it complies with the European standards where security is the foremost priority. The money is kept safely in a segregated account from the company’s funds. Everything is kept transparent to maintain the trust of the traders intact. 

 

Pros

Cons

CySec regulation. 

None. 

Segregated bank accounts. 

 

 

 


 

Awards

It is a fact that appreciation and awards received by a broker help you decide whether you want to go ahead with it or not. As convincing as reviews may be, awards take the lead. So far, Lirunex has been nominated for

Best Broker 2021- Malaysia. 

 

Is Lirunex a scam or safe?

In today’s world, scams are more common than ever. Every time you come across a broker, several doubt-filled thoughts cross one’s mind. The question is how to trust a broker?

The first step to trusting a broker is to find the body by which it is regulated. In the case of Lirunex, It is regulated b CySec, Cyprus Securities and Exchange Commission. The involvement of CySec brings peace to mind as you know you are in safe hands. 

Account

Lirunex offers its customers four different types of accounts; LX Standard account, LX Advanced account, LX ECN account, and LX pro account. Along with this, it also provides the facility of a demo account. 

Demo account: A demo account gives potential and beginner traders to look into the world of trading and unfold the rhythm. Entering the trading world without any experience is not a wise decision. Therefore, Lirunex provides an opportunity to get an idea about the field with a demo account. 

LX Standard Account: As the name indicates, it is the most basic type of account offered by Lirunex. A minimum deposit of 25 USD is required to get started. No commission is there, and a floating spread of 2.0 is available. 

LX Advanced Account: It is very similar to the standard account. What differentiates it from the standard account is the minimum deposit amount that is 500 USD, and a floating spread of 1.5 is available. 

LX ECN Account: This is where the fun begins. The ECN account requires a minimum deposit amount of 200 USD while offering a commission of 6 USD per lot. The best part, there is no floating spread. 

LX Pro Account: In this type of account, the minimum deposit amount is 5000 USD. It offers a commission of 4 USD per lot along with 0.0 floating spreads. 

Islamic Account: Lirunex has been very kind to its Muslim traders and introduced the Islamic account, which follows the Shariah Law. The minimum deposit account that is set is 25 USD. 

 It is effortless to create a live trading account on Lirunex. All you have to do is click on the “Create an account” button, fill in the relevant information and wait for the approval. 

 

Pros

Cons

Islamic account available. 

None. 

Demo account provided.

 

Provides popular market instruments to its users. 

 


 

Trading Instruments

Lirunex offers its users a vast range of trading instruments; from Forex to commodities, it has all:

Forex

Indicies

Metals

Energy

Cryptocurrencies. 


 

Pros

Cons

Wide range of trading instruments.

None.

   

 

 



 

 

Trading Platforms

If you are well-informed about the trading world's workings, you must know that MT4 is the best trading and the most used platform available right now. The majority of the trading companies stick to MT4 for the wide variety of features that they offer. 

Lirunex strives to offer the best-of-the-best to its traders. Therefore, it decided to stick to the MetaTrader4. Technical indicators, interactive charts, and analytical functions are among the platform's many powerful features. The user interface can be customized to the needs of the trader. It is available as both a desktop interface and a smartphone app.


 

Pros

Cons

MT4 platform provided.

None. 

Offers various features such as interactive charts and analytical functions.

 



 

Trading Fees

The trading fee, i.e., spread, mainly depends upon your account type. The more you upgrade, the better the trading conditions are offered. The pro and ECN accounts offer 0 floating spreads, whereas the standard provides 2 floating spreads, and the premium offers 1.5 floating spreads. 


 

Pros

Cons

Low spreads.

None. 

No commission charges. 

 

 

 

 

 



 

 

Deposit & Withdrawal Options

The process of depositing is smooth and easy. Lirunex offers multiple deposit options, making depositing easier than ever as you are not limited to few options. You can deposit via:

Debit/Credit card (MasterCard & Visa): Minimum deposit amount is 25 USD.

Neteller & Skrill: Minimum deposit amount is 25 USD.

PayPal (Upon request): Minimum deposit amount is 25 USD.

 Tether/BitPay/BitWallet: Minimum deposit amount is 200 USD. 

The most exciting part is that Lirunex does not charge any deposit fee. 

Withdrawals are just as easy to process as depositing and use the same resources. No deposit fee is charged, and the time period given for the processing and money to arrive in the account is 24 hours. 

Education

You can never have enough knowledge. Therefore, even experienced traders should keep exploring new resources to expand their skillset. If you are a potential trader, you should always strive to learn as much knowledge as you can. 

Lirunex offers several educational resources to give back to the community and help traders expand their skillset. The educational resources include different articles, trading guides, and the latest market news. 

 

Customer Support

Customer support is the basis of the relationship between a trader and a broker. If your broker fails to provide you proper guidance and assistance in times of need, you need to re-evaluate your decision.

At Lirunex, Customer care support is considered vital, and the team works dedicatedly to provide comfort and help to its traders. It has a live chat option available 24 hours a day, 7 days a week, where traders can come with their issues and get them resolved right away.

In most situations, the response time is just a few minutes. Other methods of communication with the team, such as email and phone, are also available.

 

Pros

Cons

24/7 customer support

None. 

Response is rapid.

 

 

 



 

 

Conclusion

Trading may sound like a piece of cake, but it is not. Sorry to break your bubble, but trading is complex and requires a lot of expertise and knowledge. Furthermore, the amount of risk involved in the world of trading is not for the weak-hearted. It can to triple your money while the possibility of failure is also equally present. 

Lirunex is a well-known and reputable trading company that offers its users a premium trading environment, different account types to choose from, excellent customer support service, and maximum protection. It is regulated by CySec, which means that the probability of Lirunex being a scam has vanished into thin air. If you are reading this right now, maybe this is your chance to enter the world, explore your interest, polish to skills, and try your luck. 

Frequently Asked Questions (FAQs)

By whom is Lirunex regulated?

Lirunex is regulated by Cyprus Securities and Exchange Commission (CySec). 

How can I withdraw funds?

Go to the Client Portal and click on the withdraw funds tab. 

How much is the minimum deposit amount?

The minimum deposit amount is set at 25 USD for all live trading accounts

What is the trading platform provided by Lirunex?

Lirunex provides the MetaTrader4 platform. 

Does Lirunex offer an Islamic account?

Yes, Lirunex offers an Islamic account for its Muslim users

 

Lirunex | Review | CFD Trading Platform

Lirunex | Review | CFD Trading Platform Licenses:

 It is regulated by Cyprus Securities and Exchange Commission (CySec) under the license number 338/17.

Leverage:
1:10 | 1: 500

Regulation:
CySec

Min. Deposit:
25 US$

HQ:
Cyprus

Platforms:
MT4

Found in
2017

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