Review Lirunex

Founded in 2016
Headquarters in Cyprus

In looking at the CFD broker Lirunex we found a Cyprus-based firm that is offering high quality trading to its clients, regardless of the level of experience they bring with them. There are several things to like about Lirunex, including their three account types, their excellent fees, and a customer service team that is world-class. We are aware that Lirunex also operates entities licensed and/or regulated in offshore jurisdictions, but we are focusing on the broker’s obligations to European regulations through its CySEC regulation.

Lirunex Pros and Cons

Pros

  • Regulated by the Cyprus Securities and Exchange Commission
  • MetaTrader 4 is the desktop and mobile
  • Good trading conditions

Cons

  • Limited assets available
  • No educational opportunities or research tools
  • U.S. residents not accepted as clients

Broker Regulation

Lirunex is the brand name of a Cypriot investment firm that is regulated and authorized by the Cyprus Securities and Exchange Commission under license number 338/17. This regulation is in accordance with European standards and gives traders across Europe access to a licensed and regulated broker with full European regulatory protections.

So, in addition to complying with the regulations of the European Union Lirunex is providing a transparent trading experience, and fully segregates client funds from broker funds. It also affords clients of Lirunex protection against broker insolvency under the Investor Compensation Scheme. Lirunex follows all the legislation included in the ESMA and MiFiD directives, and the broker is required to maintain a minimum of 125,000 euro in capital. Plus, there is negative balance protection in place.

Account types

Lirunex offers three type of accounts, which means there is an account type that matches every trader’s needs, no matter if they are new or experienced and regardless of the starting capital the trader might have. Below you can see the full terms for each level of account offered, including minimum deposits and leverage offered.

Lirunex Account types

Trading Platforms

The trading platform offered by the broker can often make or break the trading experience. Lirunex understands this and so they offer all their clients the world-renowned MetaTrader 4 trading platform. It allows for trading on every asset class, including shares and indices. And it has some of the most powerful charting and analysis capabilities available to retail traders.

At Lirunex traders can choose between the desktop version of MetaTrader 4 for Windows, or the mobile version available for Android and iOS devices. There is no web-based platform made available, which we applaud since the web-based platform is not as secure as the desktop platform.

Anyone familiar with the MT4 platform will know that it is packed with valuable features that will improve your technical analysis and contribute to your trading strategy. Plus, there are no restrictions on using Expert Advisors, which means you are free to automate your trading at Lirunex.

Other benefits of MetaTrader 4 at Lirunex include:

  • Cutting-edge and user-friendly features
  • Access to all major trading instruments
  • Multi-currency/language support
  • Automated trading with Expert Advisors

Available Assets

In addition to looking for good fees and trading conditions, traders will also examine a broker to see which assets are being offered. Lirunex also delivers in this respect, offering up all the financial assets that traders have come to expect from a world-class broker.

The most popular market instruments available from Lirunex include:

Forex – Forex trading is one of the most popular asset classes in the CFD ecosystem. Lirunex provides a wide range of 40 different currency pairs, including major pairs, minor pairs, and even some exotic pairs available 24/5 to traders.

Indices – Traders can gain access to global exchanges by investing in 14 of the world’s most popular equity indices, such as the U.S. Nasdaq 100 and S&P 500, the European DAX 30 and CAC 40, the U.K. FTSE 100 and China A50.

Precious metals – 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

Energies – Both global benchmarks, the UK Brent and the U.S. WTI crude Oils are available for trading on Lirunex Platform. Take advantage of the fast moving market of Crude Oil which is ideal for traders who are looking for daily action.

Shares - Access the stock market using Lirunex Platform by investing in 40 different U.S. and European stocks with low cost.

Education and Research

Education and research are important to the long-term career of any trader. The better informed you become the stronger you become as a trader. Lirunex should take this into account, however they do not seem to as there is no educational section, nor are there any research tools available from the broker.

This obviously is not a deal-breaker since both education and research can be found at a number of online websites, however it would be convenient if this were included right on the broker website as it would save the time and trouble of searching out another source of education and research.

Customer Service

Customer support at Lirunex is provided via a number of different methods:

Telephone: +357 24694888

E-mail:

info@lirunex.eu - General Inquiries

brokerage@lirunex.eu – Reception and Transmission Inquiries

support@lirunex.eu – Account Inquiries

Support is available Monday-Friday, 10:00 am – 5:00 pm (GMT+3).

In Conclusion

Lirunex is a suitable broker for those looking to trade CFDs on a number of asset classes. Their trading conditions make them useful whether you are a new broker, or one with years of experience under your belt.

The broker offers a variety of account types, many different assets, good trade conditions, and their regulation through CySEC assures that you are trading with a reputable broker.

While we would like to see the equity offerings expanded, otherwise the broker looks to be quite good for trading in a range of asset types.

Contact us directly

Contact us directly for further inquiries about our products and services.



 
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