Lirunex Review

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Lirunex Review

#1
xysoom

Posted 22 February 2023 - 07:58 AM

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Joined: 21-May 20

Lirunex Review

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 & supervision.To get more news about lirunex review, you can visit wikifx.com official website.

Yet, the broker also enabled the offshore office in order to cover global exposure, eventually, if being located only in the offshore zone we would not recommend Lirunex. Yet, together 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, there are many supported funding methods, and trading conditions are average with good platforms, 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.
Overall Lirunex Ranking
Overall, Lirunex is a good broker with a competitive offering and low fees spreading its service across the globe. The broker offers a decent range of FX and CFDs instruments to trade from different account types each designed for specific trading needs.

Lirunex Overall Ranking is 7.8 out of 10 based on our testing and compared to over 500 brokers, see Our Ranking below compared to other industry Leading Brokers.
Lirunex Alternative Brokers
However, the broker doesn’t seem to provide good education as well as spreads are high for the Standard account type. Also, the minimum deposit requirement is quite higher than the industry average. So it is good to consider other options as well, look at some of the alternative brokers below:
Is Lirunex safe or scam?
No, Lirunex is not a scam but a regulated broker. The broker is regulated by CySEC and is considered a low-risk investment firm. As an authorized firm by CySEC and other European financial institutions, it provides investors peace of mind when allocating their funds.

Is Lirunex regulated?
Lirunex is a trading name of a Cypriot Investment firm, which is also respectively authorized by the Cyprus Securities and Exchange Commission (CySEC). Eventually, the regulatory obligations and the legal status of the broker is the first thing to check while selecting a broker to trade with. In simple words, it means the broker operates transparently and is constantly overseen by the authority, or in case any violations may be heavily fined or even dismissed from its activity.

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.
See our conclusion on Lirunex Reliability:

Our Lirunex Trust Score is 7.9 out of 10 for good establishment and a high level of protection. The broker is licensed by a tier-2 financial regulator ensuring safe trade. However, the broker provides international trading through an offshore entity.
How are you protected?
Together with compliance with necessary laws, CySEC brokers and Lirunex respectively operate clients’ accounts with transparent conditions and also segregate funds from the company ones. In addition, in the worst case of the company insolvency and CySEc guidelines, clients are covered by the compensation scheme.

Lastly, CySEC being a European regulator facilitate expertise set by ESMA and MiFID directive toward traders. Together with that, Lirunex also operates through cross boarding license which gives legal trading way to EEA zone clients and beyond.