Min. Deposit: 500 US$
Found in: 2017
- Lirunex Limited - authorized by CySEC (Cyprus) registration no. 338/17
Min. Deposit: 500 US$
Found in: 2017
The philosophy under which Lirunex was established goes to the maintenance of client loyalty and provision of the professional trading service to benefit through unparalleled professionalism. Lirunex operates through its brokerage office in Cyprus, along with all the necessary compliances towards safety and compliance with laws.
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 account opening is easy, there are many supported funding methods, and trading conditions are average with good platforms, education, and spreads on industry average.
From the negative points, the range of the instrument is limited to Forex and CFDs.
|📉 Instruments||FX pairs for trading, CFDs on metals, commodities|
|💰 EUR/USD Spread||1.5 pips|
|💳 Minimum deposit||500 US$|
|💰 Base currencies||USD, GBP, EUR|
|🎮 Demo Account||Available|
|📚 Education||Courses, data analysis, strategy guides.|
|☎ Customer Support||24/5|
No, Lirunex is not a scam but a regulated broker. Trading with a regulated broker gives you safe trading conditions while your money will be safe and secured.
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.
Together with compliance to 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 towards traders. Together with that, Lirunex also operates through cross boarding license which gives legal trading way to EEA zone clients and beyond.
Leveraged trading allowing 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. Eventually, the leverage level is sharply restricted by the European regulators and this is the maximum you may use as a retail trader.
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.
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 designed three account types that will definitely suit one’s own need, either with a relatively small size or regular trader, or an active trader with greater exposure to the markets. These accounts are listed below on a snapshot, so you may see their conditions along with deposit requirements and general comparison.
Lirunex fees are built into a spread, 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.
|Fees||Lirunex Fees||Goldwell Capital||Scandinavian Capital Markets Spread|
Lirunex spread is depending 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, also compare FxFlat fees (Read FxFlat review) to another popular broker FBS.
|Asset||Lirunex Spread||Goldwell Capital Spread||Scandinavian Capital Markets Spread|
|EUR USD Spread||1.5 pips||1.8 pips||1.7 pip|
|Crude Oil WTI Spread||4||4||4|
|Gold Spread||50 cents||50 cents||50 cents|
The last point within our Lirunex Review is payment methods by the use of which you may transfer fund to or from your treading account. These including 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 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|
Lirunex withdrawal options like bank wire will let you enjoy free of fee deposit, 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.
So getting to the Litenex platforms and software which you will use to execute order, 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.
Platform is available through 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 simply selected from the marketplace.
Lastly, Lirunex education materials are truly recommended for your attention, as knowledge is always a must in trading so you better keep yourself updated.
Also, together with extensive conditions for professionals or active traders, beginning traders are very welcomed since Lirunex provides learning courses and supports with data analysis or strategy guides.
Overall, Lirunex review showed us a brokerage firm that is based in Cyprus and 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 its good regard from the clients. Despite the fact that Lirunex also runs an offshore entity in the Marshall Islands, its obligations towards European CySEC gives a clear state of mind that you’re trading with a reliable firm.
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