Lirunex Review & Rating 2021 » Is it Reliable or Scam?

Hedging with forex is a strategy used to protect one’s position in a currency pair from an adverse move. It is typically a form of short-term protection when a trader is concerned about news or an event triggering volatility in currency markets. There are two related strategies when talking about hedging forex pairs in this way. One is to place a hedge by taking the opposite position in the same currency pair, and the second approach is to buy forex options. A managed forex account is where a professional trader/money manager manages the trading on the clients’ behalf.

The trading industry is full of fraudulent brokers whose only goal is to trick you into their financial schemes and steal your money. This is why you should be extremely careful not to fall for their flashy conditions. This trading platform supports MT4 for desktop and both Android and iOS mobile devices. This is an online trading brokerage with entities in Cyprus and the Marshall Islands. It can happen to anyone, and there are a lot of victims of the Lirunex scam. What is important is to file a complaint and request your money back in time.

The limited asset selection at Lirunex caters well to traders with focused strategies who require few but highly liquid assets. Scalpers have enough choices, while deep liquidity results in tight spreads. Below is a list of trading cost examples for buying and selling the EUR/USD, holding the trade for one night and seven nights, in the commission based Lirunex LX Prime account. Swap rates on leveraged overnight positions rank among the lowest, resulting in excellent trading costs for traders holding positions overnight. A volume-based rebate program for the commission-based trading account. Commission-based accounts commence with a minimum spread of 0 pips and a commission of $8.00 per round lot for a final cost of $8.00.

A broker’s integrity is largely based on their ability to keep their clients safe. SMFX provides top-notch security with SSL encryption, which means that your information and payments are safeguarded from beginning to finish, so you don’t have to worry about anything. Desktop Platform is available in several different versions that may be used on various platforms, including PCs, MACs, and portable devices of any kind, as well as tablets. Furthermore, Lirunex MT4 is jam-packed with extensive tools and features that can boost your approach and increase your visibility, whether you are a beginner or a seasoned expert. Also, there are no limitations on using EAs, also known as autonomous robots, which may be developed if you have the necessary abilities or are chosen from a market. The information about the Lirunex review is limited and no scoring was provided.

Tools

Lirunex also provides extensive conditions for professionals and active traders, which welcomes beginners since it offers learning courses and supports data analysis or strategy guides. MetaTrader4’s mainstay for generating revenue has been its great functionality so far; it has been rewarded for being diverse and customizable in order to meet every trader’s needs. The last point in our Lirunex Analysis is the payment methods through which you can transfer funds to or from your bank account. These include Card Payments and Bank Transfers available at the time of the review, but Lirunex will soon add to its options Neteller, Skrill and China UnionPay.

The broker should have a modern trading platform that is supported by advanced analytical tools and the latest in forex technology. The trading platform provided by the broker must be user-friendly and intuitive enough for traders to quickly access their accounts and place trades quickly. Traders should also be able to customize it according to their own preferences. A currency trading platform is a software interface provided by currency brokers to their customers to give them access as traders in the Forex markets. This may be an online, web-based portal, mobile app, a standalone downloadable program, or any combination of the three. 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.

Can I Entrust Lirunex with My Money?

A request to settle a debt, taxes or other amount owing and to send money via courier, prepaid bank card or gift card. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Both deposits and withdrawals using this option take 3-5 business days. You can gain access to global exchanges by investing in 14 of the world’s most popular equity indices, such as the U.S. The platform is available on a variety of operating systems, such as personal computer , Mac OS X, and mobile devices. There is no research or dedicated educational section for beginners traders.

We would rather do business with a broker that says it charges a decent amount of spreads, instead of taxing you with hidden – and possibly shady – commissions. Below are two examples that show high Standard Account Spreads as well as FxFlat Fees to compare them to another popular broker called FBS. With Lirunex, their philosophy is to maintain client loyalty and provide professional trading services through continuous improvement. This company operates through its Cyprus office and with all necessary compliances with safety and compliance laws.

One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its actions. Forex trading, also called currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one ema forex another at floating rates. Such a bonus is but a way to compensate traders for choosing a certain broker since once the account is opened, the trader will have the same expenses as any other. The leverage level is sharply restricted by the European regulators and this is the maximum you may use as a retail trader.

Some methods, like bank transfers, are free of charge for deposits, but card payments will incur a 1.5% charge. Payment institutions or providers may also add on some more fees to be paid by the trader, due to international policies. Embedded with Efficient day trading rules for beginners the Metatrader 4 platform, it allows users to trade Forex, analyse financial markets, and rely on expert advisors. Mobile trading, Trading Signals, and the Market are also integral parts of MetaTrader 4, serving to enhance the trading experience.

Cost and Fees, Commissions and Spreads

According to research recently done, Lirunex is a forex broker company in Cyprus. The server operator Almina Corp as is not a registered broker, investment advisor or broker. Lirunexs Limited Trading System” means the internet-based trading system available at our website that allows you to provide us with instructions.

It does not matter whether it is PC or MAC or any device, you are free to use the platform of your choice. Most important thing is that you are able to access your account on any device safely and quickly. 2-step verification is an important protocol that can save your trading account from any type of unauthorized access. The two-step verification process helps you to prevent login attempts even if someone has your password. To access your trading account, the system will ask you to enter the OTP that is sent to your registered mobile phone. In simple words, the user needs to put the password and OTP correctly for accessing the account.

How long does it take to withdraw from Lirunex?

Therefore, we cannot address Lirunex as a reliable or scam forex broker. For AtoZ’s Reliable Forex Brokers listing you may check our AtoZ Approved Brokers. Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others. Both Gold and Silver commodities are available for trading, with various conditions depending on Lirunex flexible account types such as LX-Standard, LX-PRIME and LX-PRO. The commodity pairs, or commodity currencies, are those forex currency pairs from countries with large amounts of commodity reserves.

Lirunex designed four account types that would certainly match one’s own needs, either with a relatively small size or a regular trader, or an active trader with greater market exposure. Such accounts are shown in a screenshot below, so you can see their terms and conditions along with deposit requirements and general comparisons. And since even the commission levels are either zero oanda forex broker review or close to it, we’re wondering where Lirunex gets the funding. Besides standard account types, Lirunex offers an Islamic swap-free account and a Demo account for both entities. Clients have a chance to get introduced to MT4 and check out the offer of assets before investing any money. As a CySEC regulated brokerage, Lirunex can provide financial services all over the EEA zone.

What is Lirunex?

As with currency exchange markets, commodity markets offer different investment opportunities for traders. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty. Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions will vary between different brokers and also depends on the asset being traded and the type of service offered by the broker.

The facility that enables a trader to get a much larger exposure to the market than the amount he or she deposited to open a trade, is called leverage. Such leveraged products magnify a trader’s potential profit – but of course, also increase the potential loss. CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument. When trading stocks, CFDs, or other derivatives, consider whether you understand the function of differential contracts and be aware of the high risk of losing your funds. The financial products offered by the companies listed on this site pose a high risk and can lead to the loss of all your funds. Member-managed limited liability company means a limited liability company that is not a manager-managed limited liability company.

Marketing Strategy

Lirunex keeps all clients‘ funds in segregated accounts with trusted financial institutions. Lirunex strives to refine our technology and continue to provide the best trading environment for our clients. Lirunex Trading App provides experts in technical and fundamental analysis forex team to provide you with the forex signals which also allows traders to copy signals with managed risks.

Traders and investors looking to gain exposure to commodity price fluctuations often take positions in commodity currency pairs as a proxy investment to buying commodities. Scalping in the forex market involves trading currencies based on a set of real-time analysis. The purpose of scalping is to make a profit by buying or selling currencies and holding the position for a very short time and closing it for a small profit. The minimum bid/ask spread can go as low as 0 pip, which means the broker says no to the only sturdy source of income, considering the fact that it also avoids commissions or charges very low fees.

I like that you can trade with minimal fuss using the intuitive and user-friendly MT4 trading platforms for web, desktop and mobile. I especially enjoy the mobile app which makes analysing the markets and trading on the go a breeze. An Islamic Forex account is a halal trading account that is offered to clients who respect the Quran and wish to invest in the Islamic stock market following the principles of Islamic finance.

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. Besides the integrated copy trading feature in MT4, Lirunex offers services from ZuluTrade and Chills Trading, ensuring traders have a diverse choice of trading strategies to follow. It is available as a desktop client, a web-based alternative, and a mobile app.

Yet, we discovered that this same company has an offshore entity that is far less legit and regulated. Now, we have to ask why any legit company would risk its reputation with an offshore entity. According to lirunex.com, this entity is based in the Marshall Islands and re-registered in the Republic of Maldives.

This can be useful, but it is essential to discern what a proper bonus is. Still, all account types offer variable spreads with no commission charges. Spreads of the Standard account start from 1.5 pips, the Advanced Account from 0.7 pips, the Premium account from 0.5 pips, and the Pro account from 0.3 pips. Lirunex’s PAMM and MAM allow for the management of clients’ money with personalized allocation methods, real-time performance reporting, and live updates on commissions. A forex account is a trading account held by a trader with a company like Lirunex that is primarily issued with the purpose of trading currencies. Forex broker services are also provided for institutional clients and large companies such as investment banks.

You can verify the percentage of traders who lost their money with this broker on the broker’s website. Be cautious and inquire about the broker’s license and regulation before investing. Find out if depositing your money with Lirunex puts you at risk of trading and investing scam.

Both require a minimum deposit of $200 and expire at the end of November 2021. Traders may withdraw bonus funds, and the conditions are reasonable, where the 50% bonus remains the better choice due to better withdrawal requirements. In case of any violations, they may be heavily fined or serviced stopped. Therefore, trading with Lirunex gives you safe trading conditions with your money also being kept safely and securely in segregated accounts from company ones.

In addition to the favorable circumstances for experts and active traders, newcomers to the market are also warmly welcomed. They have a lot of material for educating their clients, which helps them learn the trade and make informed decisions. When it comes to the Lirunex platforms and software that you will use to execute orders, the broker made things easy by relying on MetaTrader4 as its primary platform. Aside from its well-deserved popularity and excellent functionality, MT4 is the most widely utilized platform globally, with a staggering amount of trades executed every day. I also like that LIRUNEX does not impose any fees for both deposits and withdrawals. Just keep in mind that your digital wallet provider and the blockchain may charge you an external fee.

I would always test my trading strategies on a demo account to make sure I am happy with everything including the spreads, commissions and execution. I like that they have created accounts to try and cater for different trading strategies. Some brokers just offer one standard account which can be a good and a bad thing. It does mean the options are limited but also makes sure everyone can get access to the same features. Lirunex spread is depending on the account type you trade since a higher grade account offers better trading conditions.

ZuluTrade enables you to locate other traders that are ranked by ZuluRank, a proprietary performance evaluation algorithm and follow their trades in real time. Whilst there is a large selection of traders you can copy, I found them to be hit and miss. If you are looking for a social trading platform, eToro are the industry leaders in this aspect. The MT4 trading platform is available as a desktop application for Windows and Mac computers, WebTrader, and a handy trading app that is designed for Android and iOS devices and can be downloaded from the respective app stores. I find the MT4 app excellent for keeping track of my trades and following the markets without needing to load my computer.

Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. We enjoy Lirunex’s services because of the variety of account options, the very reasonable pricing conditions, and the positive feedback from customers.

While some methods like bank wire will allow you to receive a free deposit, card payment will incur a 1.5 percent fee, so you should check the conditions before any money is sent. Payment institutions or suppliers may also apply such fees to your side due to international regulations, so it is also necessary to check everything for convenience. The first minimum deposit for the first grade account type is $500, while other accounts will require more deposits and provide you with better trading 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. At the time of this review, Lirunex offered a 20% bonus limited to $6,000 and a 50% bonus up to $10,000.

These, and Lirunex’s rapid growth worldwide is a testament to how its clients trust Lirunex as a reliable and high-performance platform to trade on. Lirunex provides trading CFDs on Forex and Commodities to retail and professional customers. LIRUNEX LIMITED is registered as a Labuan International Business and Financial Centre and is regulated by the Labuan Financial Services Authority. LIRUNEX LIMITED is a Cyprus Investment Firm providing retail and professional customers with a full set of services for trading CFDs on Forex and Commodities. In all its activities, LIRUNEX LIMITED is dedicated to modern technology practices.