Lirunex Review 2024

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 and supervision.

Yet, the broker also enables the offshore office to cover global exposure. If being located only in the offshore zone we would not recommend Lirunex. However, 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, supporting different funding methods, and offering average trading conditions with a good platform, 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. Besides, the broker has an offshore entity, that does not provide the same rigorous safety measures as the CySEC regulation does.

Lirunex Features

Lirunex can be a favorable option with its good market conditions and reliability it offers. We have compiled the main points of trading with Lirunex to help traders see the main aspects the broker provides more clearly and decide if the Lirunex meets their trading expectations:

Regulation and Security Measures

Score – 4.7/5

Lirunex Regulatory Overview

Lirunex is the trading name of a Cyprus Investment firm, which is also respectively authorized by the Cyprus Securities and Exchange Commission (CySEC).  This ensures that the broker conducts its business with complete transparency, guided by the rules of the regulatory authority. Besides, for any failure in compliance, it could face serious fines, or the revocation of its license, to protect traders and preserve the integrity of the financial markets.

• 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.

How Safe is Trading with Lirunex?

CySEC brokers and Lirunex respectively operate clients’ accounts with transparent conditions and offer accounts segregated from the company ones. In addition, in the worst case of the company insolvency, clients are covered by the compensation scheme.

Moreover, as a European regulator, CySEC follows the guidelines of ESMA and the MiFID directives, hence assuring a very high level of protection for traders. Lirunex also has a cross-border license, which by law can offer trading services to clients within the EEA and other permitted regions.

Consistency and Clarity

Our research of the broker showed that Lirunex has a consistent and transparent approach to offering trading services, which is in line with the industry’s standards and regulatory requirements. With its CySEC regulation, Lirunex is transparent in its operations and complies with European law under the ESMA and MiFID directives. Tight regulation and stringent rules ensure that the broker is transparent in its operations. We also found that the broker has been constantly enhancing its services and expanding its exposure globally, gaining more and more clients from all over the world.

To find what real clients think about the broker we researched different platforms and concluded that most traders are pleased with the services and market conditions Lirunex provides. Summing up, most clients express positively about the broker’s customer support, quick and prompt withdrawals, and competitive trading conditions. However, we from our side recommend carefully researching the broker’s offerings and trading conditions availability in certain entities, as the conditions might vary drastically.

Account Types and Benefits

Score – 4.4/5

Which Account Types Are Available with Lirunex?

Lirunex has three main account types – LX-Standard, LX-Prime, and LX-Pro. Each account offers differing conditions, enabling traders for a good variety and access to the market conditions that suit their needs the most. All three account types enable access to FX Pairs, Spot Metal, Energies, Shares, and Indices. The maximum leverage allowed is 1:30, although for some instruments it can be much lower. Another similarity is the account currency that is EUR, and USD for all the offered accounts.

LX-Standard Account 

To start trading with the LX-Standard account traders need to make a $300 initial investment. This account type is spread-based with spreads starting from 2 pips. The account does not charge any commissions, as all the fees are integrated into spreads.

LX-Prime Account 

To open an LX-Prime account traders need to make a $ 1000 deposit, which is higher than the market average. The fee structure for LX-Prime differs from the LX-Standard one, as it is a commission-based offering, with floating spreads from 0.6 pips, and a $ 8 commission per round.

LX-Pro Account 

This account type is for professional traders, offering flexibility, advanced market conditions, and competitive costs. The initial deposit starts from $00000000

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.

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

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

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 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 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

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.

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

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