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With a minimum deposit of 10,000 USD, this account maintains the same leverage levels as the previous accounts and features floating spreads as low as 0.0. The commission is lower than the LX-Prime Account, at 4 USD per lot, which may appeal to traders looking to minimize costs while maximizing potential returns. Lirunex is an online trading broker offering access to forex, indices, commodities, and cryptocurrencies. The company claims to provide competitive spreads, fast trade execution, and a secure trading environment for beginners and experienced traders alike. As global interest in forex and CFD trading continues to rise, many new traders turn to platforms that appear regulated and legitimate.
This accountability requires brokers to offer accurate, clear information to their clients, thus preventing them from making false promises or providing misleading information. One of the standout features Lirunex offers is the wide array of trading instruments. Whether you’re interested in trading on forex, commodities, indices, or any other instrument, Lirunex ensures you have the resources and tools at your disposal to make your trading journey a success. The company lists its legal entity as LIRUNEX LIMITED, which is registered in Cyprus. At the same time, there is no live online chat, and no mention of messaging apps like Telegram or WhatsApp. There is no information about any branches, local offices, or regional support outside of Cyprus.
Islamic Standard and Islamic Pro Accounts
One of the key features of Lirunex is its broad spectrum of tradable assets. Instead of having individual pages for each asset type, the broker efficiently categorizes them under various account types and conditions, providing a more streamlined experience for its clients. Engaging with a regulated broker such as Lirunex ensures that traders are dealing with a firm held to high operational standards. As required by law, such a firm prioritizes the interests of its customers and is committed to preserving the fairness and integrity of the financial markets. Lirunex is a global brokerage firm that has left a profound imprint on the financial industry.
It provides reassurance to traders, who are often concerned about the safety of their funds. Therefore, highlighting their CYSEC license prominently on the website would instill more confidence in Lirunex’s potential and existing clients. While holding potential as a valuable learning tool, the Forex Education section essentially functions as another blog on Lirunex’s platform. It offers articles on topics ranging from how to start forex trading, the importance of regulation in FX trading, and what makes a successful forex trader. Nevertheless, its potential as a trading resource is somewhat underutilized. Brokers often provide market news and updates as part of their news section, providing traders with valuable insights that can guide their trading decisions.
After all, a trusted broker values the safety of its operations and the security of its clients’ investments above all else. While Lirunex offers crucial features such as negative balance protection, they would greatly benefit from making these features and their CYSEC license more visible on their website. Doing so could attract more clients, increase trader confidence, and solidify their reputation as a reliable and trustworthy broker. Additionally, negative balance protection is crucial for traders – especially those just starting. It is crucial in choosing a broker, as it provides a safety net and limits potential losses.
How to Protect Yourself
The LX-Prime account offers spreads starting from 0.6 pips, but the commission reaches $8 per lot, which is above the market average. Lirunex takes this matter very seriously and is actively working with law enforcement authorities to investigate and stop this fraudulent activity. We remain committed to the security and privacy of our clients and will continue totake all necessary measures to protect them from scams and other illegal activities. We remain committed to the security and privacy of our clients and will continue to take all necessary measures to protect them from scams and other illegal activities. The content on this site encompasses general news, our analyses, opinions, and material from third-party sources, all designed for educational and research aims.
- It has come to our attention that scammers are impersonating Lirunex Ltd by creating and operating an unauthorized CRM platform and a website, falsely claiming to represent our company.
- This is an essential piece of information since the CYSEC regulation mandates that all licensed brokers provide negative balance protection to their clients.
- Having a license from a well-known regulatory body like CYSEC adds credibility to a broker’s reputation.
- However, this does not imply endorsement or recommendation of any third party’s services, and we are not responsible for your use of any external site or service.
- Here, you can boost your client trades for a chance to win prizes worth $380,000.
- To avail of the bonus, fill out and submit the application form after depositing funds in your account.
lirunex.online Reviews
As always, it’s advised to check the specific platform documentation provided by the broker for accurate information. Key advantages of the FIX API include direct liquidity provider (LP) access, enabling real-time data feed and order management, and tighter spreads and swaps. Moreover, it features a MT4 to FIX API Bridge, providing complete control over the clearing process and satisfying algorithmic trading needs under real-time architecture. One standout feature of the Lirunex Trading App is its copy trading facility.
Mixed Reviews From Traders
On the other, it may be an annoyance for seasoned traders who are already aware of the risks. Avoid personal information and enable two-factor authentication (2FA) when possible. While these complaints are not unique to Lirunex—many brokers face similar challenges—they are particularly concerning when paired with active impersonation scams. While Lirunex is not classified as an outright scam, genuine user feedback paints a mixed picture. On forums such as Forex Peace Army and MyFXBook, traders have shared both positive and negative experiences. Please note that Lirunex Limited will not hesitate to take all legal actions available under the applicable laws against any company, firm or person in respect of the fraud activities.
The specifics of these trading offerings can be found on Lirunex’s website under the “Trading” section, particularly within the “Leverage and Margin” and “Contract Specifications” sections. Additionally, regulations ensure that brokers like Lirunex have the necessary financial resources and adhere to fair pricing and execution practices. These firms are also obligated to protect client funds, separating them from the firm’s operational funds, safeguarding the clients’ money even in the event of the firm’s bankruptcy. The trading conditions seem unappealing, but that does not mean the company is engaged in illegal activities.
- Such a feature is noticeably absent here, and its inclusion could further boost the platform’s value for its users.
- Whether you’re managing live or demo accounts or handling funds, the Lirunex Trading App delivers convenience in just a few clicks.
- Lirunex assures its retail clients that should their account slip into negative equity due to trading losses, the broker will reset the account balance to zero and absorb the loss.
- The website does not list a single specific individual, no director, no manager, no analyst, and no one assumes public responsibility.
- Depending on the size of the deposit (ranging from $100 to $1500 and above) and the number of lots traded, traders stand a chance to win gold bars of varying sizes, from 0.1g to 10g.
However, despite its comprehensiveness, lirunex scam it must be stated that this is the only extensive resource material readily available on Lirunex. More resources could greatly enhance the learning experience for traders, especially those new to the field. In order to open an account, you will need to head to the broker’s website and then click on the “create account” option located in the header.
Forex Education
Finally, the Super Trader Contest is a live contest offering a prize of USD 500. Lirunex also values its Introducing Brokers (IB) and offers an IB Reward Programme. Here, you can boost your client trades for a chance to win prizes worth $380,000. This promotion gives traders the golden opportunity to earn rewards based on their deposits and lot sizes. Depending on the size of the deposit (ranging from $100 to $1500 and above) and the number of lots traded, traders stand a chance to win gold bars of varying sizes, from 0.1g to 10g. If you wish to contact or visit them in person, Lirunex has its registered addresses in the Republic of Marshall Island and Hong Kong.
Deposits
By doing so, you can protect yourself from many of the unpleasant surprises that can arise when using the web. Use external drives disconnected from your computer or trusted cloud services. Use ad blockers that stop malicious ads, images, and other content that antivirus might miss. Here are 10 basic security tips to help you avoid malware and protect your devices. Lirunex.com is very likely not a scam but legit and reliable.Our algorithm gave the review of lirunex.com a relatively high score. In another incident, a woman from the UK was approached by a supposed “investment consultant” via Instagram.
However, it’s important to consider that this account does charge a commission of 8 USD per lot. When it comes to trading conditions, Lirunex shines in the market with competitive spreads that allow traders to maximise their potential earnings. Furthermore, the platform supports a high level of leverage, empowering traders to control a larger position in the market with a relatively small deposit. As well as these favourable conditions, Lirunex also offers a demo account, providing a risk-free environment for beginners to get a feel for the platform and develop their trading strategies. Respecting the principles of Islamic finance, Lirunex offers two types of Islamic accounts – Islamic Standard and Islamic Prime.