Lirunex Review

Lirunex

Lirunex

www.lirunex.eu

  • Leverage: 1:30 | 1:500

  • Regulation: CySEC

  • Min. Deposit: US$500

  • HQ: Cyprus

  • Platforms: MT4

  • Found in: 2017

Lirunex License

  • Lirunex Limited - authorized by CySEC (Cyprus) registration no. 338/17
  • Lirunex Limited — authorized by GLOFSA (Marshall Islands) registration no. 10268

Top 3 Forex Brokers

  1. Lirunex Pros and Cons
  2. Is Lirunex safe or a scam?
  3. Leverage
  4. Fees
  5. Spread
  6. Deposits and Withdrawals
  7. Trading Platform
  8. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years experience in Forex Trading check trading offering, fees, platforms, verified regulations, contacted customer service and placed traders to see trading conditions and give expert opinion about Lirunex

What is Lirunex?

Lirunex is a Cyprus-based Forex Brokerage company and investment firm offering FX and CFD instruments. With a global presence, Lirunex is dedicated to delivering world-class brokerage services and strives for excellence through its CySEC licensing & supervision.

Yet, the broker also enabled the offshore office in order to cover global exposure, eventually, if being located only in the offshore zone we would not recommend Lirunex. Yet, together with its European set of operational standards followed by CySEC supervision, Lirunex is considered a safe broker.

Lirunex Pros and Cons

Lirunex is a reliable broker with easy account opening, there are many supported funding methods, and trading conditions are average with good platforms, education, and spreads on the industry average.

From the negative points, the range of the instrument is limited to Forex and CFDs. Also, the broker provides poor educational materials.

AdvantagesDisadvantages
CySEC-regulatedRuns an offshore entity
Good EstablishmentHigh Spreads for some account types
Good Instrument Range and technology offeringHigh Minimum deposit
MetaTrader BrokerOnly FX and CFDs
Low FeesPoor Education

Lirunex Review Summary in 10 Points
🏢 HeadquartersCyprus
🗺️ RegulationCySEC
📉 InstrumentsFX pairs for trading, CFDs on metals, commodities
🖥 PlatformsMT4
💰 EUR/USD Spread1.5 pips
💳 Minimum depositUS$500
💰 Base currenciesUSD, GBP, EUR
🎮 Demo AccountAvailable
📚 EducationCourses, data analysis, strategy guides.
☎ Customer Support24/5

Overall Lirunex Ranking

Overall, Lirunex is a good broker with a competitive offering and low fees spreading its service across the globe. The broker offers a decent range of FX and CFDs instruments to trade from different account types each designed for specific trading needs.

  • Lirunex Overall Ranking is 7.8 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
RankingLirunexXMFP Markets
Pur Ranking ⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantageHigh LeverageEducationLow Minimum Deposit

Lirunex Alternative Brokers

However, the broker doesn’t seem to provide good education as well as spreads are high for the Standard account type. Also, the minimum deposit requirement is quite higher than the industry average. So it is good to consider other options as well, look at some of the alternative brokers below:

  • XM — Good Education Broker
  • FP Markets — Low Minimum Deposit Broker
  • Pepperstone — Excellent Choice of Platforms

Is Lirunex safe or scam?

No, Lirunex is not a scam but a regulated broker. The broker is regulated by CySEC and is considered a low-risk investment firm. As an authorized firm by CySEC and other European financial institutions, it provides investors peace of mind when allocating their funds.

Is Lirunex regulated?

Lirunex is a trading name of a Cypriot Investment firm, which is also respectively authorized by the Cyprus Securities and Exchange Commission (CySEC). Eventually, the regulatory obligations and the legal status of the broker is the first thing to check while selecting a broker to trade with. In simple words, it means the broker operates transparently and is constantly overseen by the authority, or in case any violations may be heavily fined or even dismissed from its activity.

  • Also, the broker is regulated in the Marshall Islands, thus enabling global coverage. However, we do not recommend registering under offshore entities due to the higher risks of capital loss.

See our conclusion on Lirunex Reliability:

  • Our Lirunex Trust Score is 7.9 out of 10 for good establishment and a high level of protection. The broker is licensed by a tier-2 financial regulator ensuring safe trade. However, the broker provides international trading through an offshore entity.
Lirunes Strong PointsLirunes Weak Points
Regulated by CySECRuns an Offshore entity
Founded in CySECProtection and offerings vary depending on the entity
Negative Balance Protection
Global Coverage

How are you protected?

Together with compliance with necessary laws, CySEC brokers and Lirunex respectively operate clients’ accounts with transparent conditions and also segregate funds from the company ones. In addition, in the worst case of the company insolvency and CySEc guidelines, clients are covered by the compensation scheme.

Lastly, CySEC being a European regulator facilitate expertise set by ESMA and MiFID directive toward traders. Together with that, Lirunex also operates through cross boarding license which gives legal trading way to EEA zone clients and beyond.

Lirunex Review Webpage

Leverage

Financial leverage refers to the use of borrowed money to increase investment returns. Essentially, leveraging involves borrowing money to invest in assets, with the goal of earning a higher return on the invested capital than the cost of borrowing.

Financial leverage can increase the potential returns from an investment, but it also increases the risk as the investment is leveraged and any changes in the value of the assets will have a proportionately larger impact on the invested capital.

Lirunex Leverage levels depend on the entity you are trading with, as well as the account type and your expertise level. Leveraged trading allows better exposure to the market while ratios available to retail traders are:

  • 1:30 for major currencies, 1:20 for minor ones, and 1:10 for commodities for CySEC traders
  • for traders under the Marshall Islands regulators, the broker offers high leverage rations up to 1:500

Nevertheless, a professional offering, which is presented by two higher grate Lirunex account types will include specified conditions for higher leverage, which is available only for confirmed professionals.

Lirunex Account types

Lirunex designed three account types each offering different deposit requirements and spreads. The spread depends on the grade of the account type you chose to use since the higher-grade accounts offer better trading conditions. These accounts are listed below on a snapshot, so you may see their conditions along with deposit requirements and general comparison.

Does Lirunex offer a demo account?

Yes, Lirunex offers beginners a demo account to practice trading in a risk-free environment before making decisions on live trading. Lirunex demo account expires in 30 days.

ProsCons
Fast Digital Account OpeningHigher minimum deposit
Demo Account for 30 daysAccount proposal may vary according to jurisdiction
The proposal between Accounts based on spread only or based on commission

Lirunex Review Account types

Instruments

As for the trading offering itself, Lirunex brings all the necessary conditions for the potential success of its investors, while you will find an expressive range of account types, a popular platform to execute orders as well as flexible conditions.

Lirunex Instrument range offers numerous FX pairs for trading, CFDs on metals, commodities, and other instruments all delivered with instant STP order execution.

  • Lirunex Markets Range Score is 8.1 out 0f 10 for its wide selection of trading instruments, offering CFDs and Forex Instruments to European clients while providing even more choice internationally

Lirunex Fees

Lirunex fees are either built into spreads or commissions-based depending on the account type, for a full fee structure see the fee table below and consider funding and inactivity fees. Also, always check the overnight fee or Lirunex swap as a trading fee, which is defined by each instrument individually, as you may see above.

The fees charged by a broker can vary depending on the services offered, the types of financial products traded, and other factors. Some common fees include trading fees, account maintenance fees, and withdrawal fees, among others. It’s best to check the broker’s website or contact them directly for information on their specific fees.

  • Lirunex Fees are ranked 7.8 out of 10 compared to 500 other brokers. While costs may vary depending on which entity you choose, our comprehensive testing revealed them as an overall good option

FeesLirunex FeesGoldwell CapitalScandinavian Capital Markets Spread
Deposit FeeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeYesYesYes
Fee rankingAverageAverageAverage

Spread

Lirunex spreads depend on the account type you trade since a higher-grade account offers better trading conditions. Yet, all account types offer variable spreads with no commission charges. Alike Standard account spreads starting from 1.5 pips, Advanced from 0.7 pips, Premium from 0.5 pips and Pro from 0.3 pips respectively. Also, you may see below some examples of the highest spreads available at the Standard account below:

  • Lirunex Spreads are ranked 7 out of 10 based on our testing comparison to other brokers. We found Forex spread a bit higher for Standard account than the industry average of 1.2 pips for EURUSD, and spreads for other instruments are high as well
AssetLirunex SpreadGoldwell Capital SpreadScandinavian Capital Markets Spread
EUR USD Spread1.5 pips1.8 pips1.7 pip
Crude Oil WTI Spread444
Gold Spread50 cents50 cents50 cents

Lirunex spread

Lirunex Deposit and Withdrawal Methods

Lirunex payment methods include Card Payments and Bank Transfers available at the moment of the review, yet Lirunex will add on soon Neteller, Skrill, and China UnionPay to its options.

  • Lirunex Funding Methods are ranked 7.9 out of 10. The minimum deposit is higher than the industry average, yet Fees are either none or very small also allowing to benefit from various account-based currencies, yet deposit options vary on each entity

Here are some good and negative points for Lirunex funding methods found:

Lirunex AdvantageLirunex Disadvantage
Fast Account OpeningMethods and fees vary in each entity
Multiple Account Base CurrenciesHigh Minimum Deposit
Free Deposit and WithdrawalLimited Funding Methods

Lirunex minimum deposit

Lirunex first minimum deposit is 500$ for first-grade account type, while other accounts will demand more deposits and bring you better conditions for trading.

Lirunex minimum deposit vs other brokers

Lirunex Most Other Brokers
Minimum Deposit $250 $500

Does Lirunex have no deposit bonus?

No, the broker does not offer no deposit bonus.

Lirunex withdrawal

Lirunex withdrawal options like bank wire will let you enjoy a free of fee deposit, and card payment will incur a 1.5% charge so you should verify conditions before any money are sent. Also, payment institutions or providers may add on some fees to your side due to international policies, so its always necessary to verify all for convenience.

Lirunex withdrawal

Lirunex Trading Platforms

So getting to the Litenex platforms and software which you will use to execute orders, the broker decided not to make things complicated so its mainstay is MetaTrader4. Apart from its rewarded and great functionality, MT4 is the most used platform word wide with a fantastic number of executions performed daily.

  • Lirunex trading platform is ranked 8 out of 10 compared to 500 brokers in the market. The broker offers an industry-standard platform used by many traders. However, the lack of alternative platforms is a drawback, especially for those seeking more modern and sophisticated platforms
Trading Platform Comparison to Other Brokers:
Platforms Lirunex PlatformsPepperstone PlatformsXM Platforms
MT4YesYesYes
MT5NoYesYes
cTraderNoYesNo
Own PlatformNoYesYes
Mobile AppYesYesYes

Desktop Platform

The platform is available in various versions suitable either for use on the PC, MAC or through mobile devices of any type along with tablets. In addition, Lirunex MT4 is packed with comprehensive tools and features that will enhance your strategy and will bring better exposure, either at the beginning level or with super comprehensive for professionals.

Also, there is no restriction on EAs, known automatic robots that may be programmed in case you’re having skills, or are simply selected from the marketplace.

Lirunex platform

Customer Support

Lirunex customer support offers comprehensive service with various contact options available during market hours. Lirunex ensures their customers have the best access to assistance no matter what form they prefer, be it by phone, email, or one of many other channels such as live chat and an online resource center filled with helpful FAQs and educational materials.

  • Customer Support in Lirunex is ranked 9 out of 10 based on our testing. We got some of the fastest and most knowledgeable responses compared to other brokers, the main drawback is that it is not available during the weekends
ProsCons
Fast ResponseNo 24/7 support
Relevant Answers
Live Chat Available

Lirunex Education

However, Lirunex Education Section is quite poor offering only materials available via the Lirunex FAQ section. The Lirunex FAQ section covers a range of topics including Account Information, Deposits, and Withdrawals.

  • Lirunex Education is ranked 6.7 out of 10 based on our testing. The broker has poor educational materials only available as Q&A format.

Lirunex Review Conclusion

Overall, the Lirunex review showed us a broker that offers an opportunity for quality trading whether you’re a beginning trader or a professional. What we like at Lirunex offering is a range of account types, quite pleasant fee conditions, and good regard from the clients.

Despite the fact that Lirunex also runs an offshore entity in the Marshall Islands, its obligations towards European CySEC give a clear state of mind that you’re trading with a reliable firm.

Based on our research Lirunex is good for:

  • Beginners and Regular size Traders
  • FX and CFDs trading
  • For international Traders
  • Trading with different strategies
  • MT4 Traders
  • Commodities Trading
  • EAs Trading
Jason KW From Taiwan, Province Of China | | Thursday, January 5, 2023

I would say that it is a great platform with constant improvement. Their customer support is very responsive. Definitely, a better platform compared to others in the market. So far has no problem of usage and dealing with it.

ThuanLee From Vietnam | | Friday, October 21, 2022

I have deposited 2000USD into my MT4 account and received the 30% bonus as the bonus program of the broker. First, I have traded only 1.6 lot EU with take profit for 40pips. After that, I have traded 1.8lot GU with the new balance 2700usd and take profit only 35-40pips.It’s very normal trading. I have withdrawn 1315 usd and it was processed. The bonus credit is removed also. then I have trade alittle bit cause didn’t want to take more risk. After that, I continued to withdraw 1300usd but the broker delayed my withdrawal request and rejected the request. The broker said with unlogical reason that I fully margin traded. Trade 1.6 or 1.8 lot with 2500usd balance is fully margin trade ???? Very unlogical. Then they automatic deducted my profit 1296 usd. THIS IS SCAM BROKER THAT WILL AUTOMATIC REJECT YOUR WITHDRAWAL WHEN YOU MADE PROFIT. BROKER ONLY WANT YOU TO LOOSE ALL YOUR FUND. THE STOLEN AND SCAM BROKER!!!

Ammar From Malaysia | | Monday, April 11, 2022

If I could give this broker a 0 star I would…there were over 300 people of us who were affected by this scam. We were doing copy trading and this broker closed our trades that was in profit 🤣🤣🤣, quoting it was stop our level of 50% also because they forced people to unsubscribe so the equity dropped and forced the trades to close it out as well making the profitable trade into margin call trade. Btw because the trading style was full margin meaning risking everything possible for a trade, the trade was going from 3k to 300k This is ridiculous. This kind of broker should not be existing…. Because they cannot afford to play and pay so they play tricks and manipulated their end instead 🤣🤣🤣. It’s like a small child throwing tantrum and just want benefits instead of playing fair… Here Is what telegram user named kent218 who is working for lirunex said after about a week of review and manipulating results to come back to us. 2 hour delay on stop out😂😂😂😂. How come there was no delay when we were losing… However when the trade goes well…. There is 2 hour delay Also note Stop out on WINNING TRADES “We are writing to you in regards to the recent incident pertaining the Stop Out happened to all the investors accounts under PAMM strategy ‘FULLMARGIN ONLY’. From our investigations, most of the affected investors turned out to have winning trade resulted from the Stop Out on the affected trade order, hence no further compensation will be provided for these group of investors. The whole scenario was like below descriptions: 1. 6/4/2022 10:12:41 AM – MT4 Stop Out – Before stop out : 16959.44 (Balance) – After stop out : 5003.44 (Balance) – CRM stop out delayed (17 investors got stop out at 6/4/2022 12:09:56 PM) 2. 6/4/2022 12:09:56 PM – MT4 Stop Out – Before stop out : 8055.49 – After stop out : 1405.09 – Follow by CRM stop out *Stop Out was trigger when the margin level drop till 50%, you may refer back to the Excel Statement (Highlighted in Orange Colour) and the CRM Stop Out was trigger (Highlighted in Yellow Colour. However, there are slow trigger in the system after 2 hours stop out. Slow trigger here: 17 investors got stop out at 6/4/2022 12:09:56 PM In short, MT4 Stop Out is triggered then followed by investor Account CRM Stop out in the PAMM. MT4 Stop Out: Stop out when account floating till margin level left 50% then MT4 will start to do close trades. CRM Stop Out: Stop Out for Individual Investor Account. From our investigations, most of the affected investors turned out to have winning trade resulted from the CRM delayed Stop Out on the affected trade order, hence no further compensation will be provided for these group of investors. We hope the above explanation clarifies the matter. We wish to take this opportunity to thank you for your continued patience and understanding as well as extend our appreciation for your continuous support to Lirunex Ltd. For further inquiries or feedback, please feel free to reach to me, or you may drop us an email at support(at) lirunex.com. Thank you. FAQ: 1. Why only this 17 investors got stopped out Different investors join at different times, it is normal they got stop out at different timing 2. How much Floating at that time only we doing cut loss We check margin level 3. What’s the total lot size they had open so trigger the stop out We check margin level Stopped out is based on margin level”

No news available.

36 responses to “Lirunex”

  1. really2 helpful this platforms due they will provide u some guidelines and manual before trading in this platform and easy to monitor it

  2. Platform is easy to use and has all the necessary features I need, including detailed charts and order types

  3. never know that they got islamic account too so maybe next will try to trade in. now, using demo account. easy to use guys no worries.

    • Seriously bro? I also searching for trading platform woth islamic shariah because more confident to do a trading on that kind of platform. will look up to lirunex soon!

      • yes they have that concept which it safe to Muslims users to trade there without no hesitate about where the money sources came from.

  4. I’ve been trading with LIRUNEX for a while now, their trading platform is solid and has all the necessary features

  5. this platform is really trusted because there are so many traders’ platform that I’ve tried before and most of them are not really have a sustained profit. but lirunex gives a more profits with low deposit at beginning.

  6. LIRUNEX has been a great partner in my trading journey, their platform is easy to use and they offer some of the lowest fees in the industry, I also appreciate the personalized support I receive from my Relationship Manager.

  7. Those people who confuse with negative and positive feedback here, Lirunex is reputable brokerage platform and they have many staff to process your withdrawal. If there is delay, we complain and they do give pay attention and solve the issue as soonest. I hope this review is good for new beginner.
    Happy Trading 😊

  8. When I join this broker, I was making losses and I don’t trust this broker for past two days. Then, one of the staff helped me and teach me to use stop loss function and secured when i trade. I hope one day i become a PRO trader…

  9. I would recommend LIRUNEX to other traders
    I appreciate their excellent Customer Support, which is available 24/7 through multiple channels

  10. I’ve been using LIRUNEX for a few months now and I’m really impressed with them, it’s easy to use and offers a wide range of trading tools, the customer service is also top-notch and very responsive

  11. I would highly recommend LIRUNEX to any trader looking for a reliable and trustworthy broker

    Customer Support is also excellent – I’ve never had to wait long for a response or solution to any issue

  12. I’ve been trading with LIRUNEX for over a year and I can’t say enough good things about them, their fees are very competitive and their trading platform is extremely user-friendly. I also appreciate the educational resources they offer for traders of all experience levels.

  13. I’ve been trading with LIRUNEX for a while now and I’ve had a great experience, their platform is very reliable and I appreciate the wide range of investment options they offer, and their research tools are very helpful for making informed trading decisions.

  14. I recently switched to LIRUNEX and I’M SO GLAD I DID, their customer service team is amazing and always willing to help, trading platform is very intuitive and offers a lot of advanced features.

  15. I got an issue with my withdrawal, the broker finance quickly take my query and resolved it. Thank you to efficient finance team.

  16. Pasukan sokongan sangat efisien membantu untuk memulihkan serta menetapkan semula kata laluan akaun trading saya.

  17. Akaun trading yang terbaik. Selamat untuk trading dengan broker ini kerana broker ini mempunyai pelesenan dan peraturan yang betul.

  18. “This broker is better than my previous broker!
    I had bad experience from previous broker’s terms which comes different leverage and hidden fee as per agreed ealier. I decided to give try on this broker which was recommend by my best friend. I am still exploring their service and no issue as of now!”

  19. When I start trading this broker, I could’t close my trading order in profit because of lack of knowledge as a newbies in trading. Then, one of this broker’s staff helped me to rework on the market analysis and advise me the proper trading order accordingly. Good job and keep good work! Now, my trading runs smoothly and generate in the profit!

  20. The broker is really best place for trading investment. I am engaged with this broker services for almost 2 years. They have improved their service from time to time and there is no lagging in the trading system. I even participate one of the trading contest and i won the prize! Overall, I am satisfied with this broker!

  21. Service and experience overall all ok! In two years of trading experience in Forex, I tried with many brokers scalp are really good! But, this broker are good in terms of scalp at any pair. I will give them 4.5 star.

  22. The trading was easy because they helps us to provide the tips and knowledge. Useful broker service for new trader.

  23. One of the reliable and fast withdrawal broker and was unlikely from my previous brokers. I have receive the fund balance within an hours. There is no hidden fees!

  24. I have deposited 2000USD into my MT4 account and received the 30% bonus as the bonus program of the broker.
    First, I have traded only 1.6 lot EU with take profit for 40pips. After that, I have traded 1.8lot GU with the new balance 2700usd and take profit only 35-40pips.It’s very normal trading. I have withdrawn 1315 usd and it was processed. The bonus credit is removed also. then I have trade alittle bit cause didn’t want to take more risk. After that, I continued to withdraw 1300usd but the broker delayed my withdrawal request and rejected the request. The broker said with unlogical reason that I fully margin traded. Trade 1.6 or 1.8 lot with 2500usd balance is fully margin trade ???? Very unlogical. Then they automatic deducted my profit 1296 usd. THIS IS SCAM BROKER THAT WILL AUTOMATIC REJECT YOUR WITHDRAWAL WHEN YOU MADE PROFIT. BROKER ONLY WANT YOU TO LOOSE ALL YOUR FUND. THE STOLEN AND SCAM BROKER!!!

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