Founded in 2016, LIRUNEX is an established and reputable online trading broker that provides traders all over the globe with access to various financial markets, including forex, stocks, indices, cryptocurrency, metals and energies. They provide trading via the user-friendly MetaTrader 4 platforms for web, desktop and mobile. The broker has competitive trading conditions including tight spreads, low fees and rapid trade execution speeds. There are various auto-trading tools as well as a selection of learning resources available to traders. The minimum deposit required to begin trading is just $25.
Pros / Cons
- Easy to use MT4 trading platforms
- Multiple financial markets
- Multiple trading accounts to choose from
- Minimum $25 deposit
- Various account funding methods
- Low spreads/commission fees
- Educational resources
- Regulated brokerage firm
- No MetaTrader 5 platforms
- No USA traders
In this detailed LIRUNEX review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
LIRUNEX is a multi-asset broker that provides traders with competitive trading conditions, such as easy to use platforms, spreads from just 0.0 pips, leverage of up to 1:1,000, multiple account options, various deposit/withdrawal methods, and much more. Trades are carried out via the ever-popular MT4 trading platform, whilst there are educational resources, trading tools, and a responsive customer support team available to assist traders at any time.
LIRUNEX headquarters are in Labuan whilst Lirunex has team members across the world in locations such as the EU, Singapore, Taiwan, China, Vietnam and Thailand.
LIRUNEX LIMITED is a multinational company holding multiple licenses and regulated in different jurisdictions as listed below:
LIRUNEX LIMITED (LL16130) is registered as a Labuan International Business and Financial Centre and is regulated by the Labuan Financial Services Authority under License number: MB/20/0050.
LIRUNEX LIMITED (102684) is incorporated and registered in the Republic of Marshall Islands as an International Business Corporation and re-registered in the Republic of Maldives under Companies Act of the Republic of Maldives (Law No.: 10/96) to operate the Forex platform (Certificate No. FC00022020).
LIRUNEX LIMITED (HE353862), a company established in the Republic of Cyprus, is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) under License number: 338/17.
Regulation by multiple regulators can help to give traders the peace of mind that they are using a broker that has clients best interests at heart. It can also ensure there is some protection in place in case something was to go wrong.
Our #1 Broker 2022
Traders from different parts of the globe can open a trading account with the broker provided that doing so would not violate the laws or regulations of their countries of residence.
Some LIRUNEX features and products mentioned within this LIRUNEX review may not be available to traders from certain countries because of legal restrictions.
Clients are provided with the MT4 trading platform, an award-winning trading platform that is widely used amongst forex and CFD traders. The platform is replete with a variety of powerful interactive charts, analytical functions, expert advisors, and technical indicators. Its fully customisable interface allows you to trade the way you want. The MT4 trading platform is available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app that is designed for Android and iOS devices and can be downloaded from the respective app stores.
Some of the key MT4 platform features include the following:
- Real time price quotes
- Cutting-edge and user-friendly features
- Access to all major trading instruments
- Multi-currency/timeframe/language support
- Technical analysis indicators & drawing tools
- Price alert notifications
- Automated Trading via Expert Advisors (EAs)
- Available via desktop, web & mobile devices
LIRUNEX Trading Tools
In addition to the vast amount of trading tools built-in the MT4 platform, traders are provided with a range of useful trading tools to help enhance their overall trading experience. These tools include some auto-trading tools, such as Chills Trading and Zulutrade, which enables users to locate successful traders that are ranked by ZuluRank, a proprietary performance evaluation algorithm.
ZuluTrade enables users to locate other traders that are ranked by ZuluRank, a proprietary performance evaluation algorithm and follow their trades in real time.
Chills Trading is a social trading platform that lets you follow and copy the trades of other traders.
The broker’s website contains a selection of learning resources that are designed to improve clients’ trading knowledge whilst keeping them up to date with the events that take place in the financial markets. These educational resources include Learning Articles, Trading Guides, Market Analysis, Forex Webinars/Courses, Tutorials, FAQ section, Market News, and more.
LIRUNEX has a generous selection of trading instruments for traders to choose from. The following trading instruments are available at LIRUNEX:
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.
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.
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.
Both global benchmarks, the UK Brent and the U.S. WTI crude oils are available for trading on the Lirunex Platform. Take advantage of the fast-moving market of Crude Oil, which is a popular choice for traders who are looking for daily action.
Clients can access the stock market using the Lirunex Platform by investing in 40 different U.S. and European stocks at a low cost.
LIRUNEX supports crypto CFD trading on some of the most piopualr cryptocurrencies, including Bitcoin and Ethereum.
LIRUNEX Accounts & Fees
Lirunex offers four types of accounts that cater for traders from various backgrounds. The available accounts are as follows:
Min deposit: $25
Max leverage: 1:1000
Spreads: Floating, as low as 2.0 pips
Min deposit: $100
Max leverage: 1:1000
Spreads: Floating, as low as 1.5 pips
Min deposit: $200
Max leverage: 1:1000
Commission: $8 per lot
Spreads: Floating, as low as 0 pips
Min deposit: $10,000
Max leverage: 1:1000
Commission: $4 per lot
Spreads: Floating, as low as 0 pips
A demo account is available for practice purposes. This can be a useful way to practice trading online using the brokers platforms and to try out their service.
The LIRUNEX Islamic account is available on all 2 account types. It is a swap-free account specially designed for Muslims. To open an Islamic account, first, create any of the 2 account types and then contact the support team to get verified.
As broker fees can vary and change, there may be additional fees that are not listed in this LIRUNEX review. It is imperative to ensure that you check and understand all of the latest information before you open a LIRUNEX broker account for online trading.
Traders are allowed to send all their trading inquiries to a knowledgeable client support team who can be reached via telephone, email, online form, Live Chat, social media, or by visiting their physical office. Support is available Monday-Friday; 09:30 am – 6:30 pm (GMT+8).
LIRUNEX Deposit & Withdrawal
Lirunex does not impose any fees for both deposits and withdrawals. The following payment options are available:
- Credit/Debit card: Card deposits are processed within the day; however, withdrawals take 7-10 business days.
- E-Wallets: Both deposits and withdrawals are instantly processed.
- Wire transfers: Both deposits and withdrawals using this option take 3-5 business days.
LIRUNEX Account Opening
It is easy to create a live trading account with LIRUNEX, simply click on the ‘Create Account’ button on the homepage of the broker’s website. Then, fill in your detailed personal information including the source of income, investment objectives, employment status, etc, and upload your verification documents. The entire process usually takes less than 10 minutes to complete.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
Overall, LIRUNEX is a well-established and multi-regulated trading broker that allows retail traders to buy and sell multiple financial assets using the intuitive and user-friendly MT4 trading platforms for web, desktop and mobile.
The broker provides traders with a vast selection of trading instruments, trading tools, educational materials, as well a professional customer support team. There are multiple trading account options to choose from with a minimum deposit of just $25 and leverage of up to 1:1000.
The LIRUNEX trading conditions are very competitive, with tight spreads, low fees and fast transaction speeds. There is also a selection of trading accounts to cater to individual client needs.
Contracts for Difference (“CFDs”) are complex financial products that are traded on margin. Trading CFDs carries a high risk of losing money rapidly since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. Before deciding to trade, you should consider whether you understand how CFDs work and all the risks involved, by taking into account your investment objectives and level of experience, and whether you can afford to take the high risk of losing your money.