Lirunex conducts its business through the broker office it maintains in Cyprus, which satisfies all pertinent security and legal standards. You may learn more about Lirunex by reading this review of it.
However, the brokerage also made it possible for the offshore office to shield itself from worldwide risk. If Lirunex were exclusively located in the offshore zone, however, we would not recommend the company to you. Because it adheres to a European framework of operating regulations and is monitored by CySEC, Lirunex is considered one of the most reliable brokers.
Investing with an approved broker like Lirunex, which is a secure and regulated broker, ensures that your assets will be safeguarded and safe in the event of a loss or theft.
Investment company Lirunex is authorized to conduct business in Cyprus by the country's Securities and Exchange Commission (CySEC). First and foremost, while picking a company to trade with, you should examine the company's regulatory requirements and legal status. In layman's terms, it indicates that the brokerage operates in an honest manner and is subject to regular monitoring by the authorities, who have the power to levy significant fines or even prohibit the broker from continuing to conduct business.
Lirunex's trading platform has everything a trader needs to be successful, including a wide range of account types, a well-known platform for placing orders, and flexible terms.
All of Lirunex's FX pairs, as well as its CFDs on commodities, precious metals, and other assets, are executed through STP, and the company offers a wide variety of FX pairings.
Different kinds of accounts
Lirunex offers four different types of trading accounts, each of which is tailored to a different type of trader's demands, from small, frequent traders to more active investors with a greater stake in the market. LX Standard, LX Advanced, LX Premium, and LX Pro are the several types of accounts available.
Options for Making Payments and Getting Money Out
Our final point of discussion in this Lirunex Review will be devoted to the various payment methods that are available for transferring money into and out of your trading account. Lirunex currently accepts payments made with debit cards, credit cards, and bank transfers; however, the company will soon also accept payments made with Skrill, Neteller, and UnionPay.
The initial minimum payment required to open a first-grade account with Lirunex is $500 USD; however, additional account types have higher minimum deposit requirements but provide superior trading conditions.
Check the terms before you transfer any money using a card, as card payments include a 1.5 percent fee. Price-free deposits are possible using some Lirunex withdrawal options, such as bank wires; nevertheless, card payments incur the fee. Also, because of the regulations of other countries, the financial institutions you deal with may charge you additional fees; thus, it is a good idea to verify everything twice.
Platforms for trading
In order to keep things simple, the broker has chosen MetaTrader4 as its primary trading platform on which you will place orders. MT4 is one of the most commonly used platforms in the world, with a startling number of trades being executed each day.
The Desktop Interface
There are a number of versions of the platform that may be used on PCs, Macs, and tablets of all kinds.
In the Lirunex system
No matter what level of expertise you have in trading, Lirunex MT4 has a wealth of features to help you become a better trader and obtain more exposure.
There are no restrictions on EAs or known automated bots that can be produced or purchased from the market provided you have the appropriate competence.
Because knowledge is a need in trading, Lirunex recommends that you check out their instructional materials.
In addition to the favorable conditions for experienced and active traders, Lirunex also welcomes new traders with classes and support with data processing and technique guides.
It was found that Cyprus-based brokerage Lirunex offers excellent trading chances for both novices and seasoned investors alike. We like Lirunex's product because it has a lot of different account options, prices that are fair, and good feedback from customers. Because of its membership in the European CySEC, Lirunex is recognized as a reputable corporation even though it does have an offshore operation in the Marshall Islands.