The commission is lower than the LX-Prime Account, at 4 USD per lot, which may appeal to traders looking to minimize costs while maximizing potential returns. I like the trading environment at Lirunex for scalpers and high-frequency traders with a focused trading strategy requiring few but liquid assets. MAM/PAMM accounts cater to traditional retail account management, VPS hosting supports algorithmic traders, and Lirunex offers an in-house copy trading service plus the integrated one in MT4. Traders can also qualify for a funded prop trading account with generous conditions, where Lirunex adds tremendous value. In conclusion, Lirunex, with its robust trading platform, favourable trading conditions, and comprehensive support, proves to be a broker that can align well with your trading goals.
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Lirunex provides secure, fast and transparent trading solutions, empowering clients to trade global markets with confidence. Besides the integrated copy trading feature in MT4, Lirunex offers an in-house copy trading service, ensuring traders have diverse trading strategies to follow. Deposit conditions range from instant transactions, which are predominantly for local transfers, to 3-5 business days for other methods. The good news is that Lirunex does not apply any deposit fees, keeping your trading costs to a minimum.
Trading, market analysis, and copy trading are all available on the Lirunex mobile app which is very handy on the go. For desktop traders, the MetaTrader 4 (MT4) platforms will offer world-class technical analysis tools and custom indicators and Expert Advisors are also supported. These traders can easily sign up with the offshore branch of Lirunex, and thus enjoy the much higher trading leverage that is available offshore. What we miss, however, would be a better selection of trading instruments that also covered things like bonds, more commodities, and a wider selection of stocks.
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Switching over to customer support, this is available from Lirunex via live chat online, WhatsApp or email. Unfortunately, no direct phone number to the broker has been published on its website. Accordingto information provided by the Malaysian regulator, in addition to Lirunex, two otherentities, Sahabat Investing F9 and CCF Trade, have also been added to thewarning list. One of the leading trading and analytical technologies where millions of traders all over the world with a wide range of needs trust for trading the financial markets. Traders must select their account type and username, fill out their name and email, select a password, and provide their country of residence with a valid mobile phone number.
- If you prefer a more casual, instant messaging style of communication, Lirunex offers support via WhatsApp.
- With the wealth of quality free and paid-for research accessible online, I do not count the absence as a negative in my Lirunex review.
- Additionally, negative balance protection is crucial for traders – especially those just starting.
Overview of Trading Platforms
The LX-Prime Account requires a higher minimum deposit of 200 USD, but it offers more competitive conditions for more experienced traders. The leverage provided is the same as the LX-Standard account, but the floating spreads can be as low as 0.0, providing tighter spreads and potentially lower transaction costs. However, it’s important to consider that this account does charge a commission of 8 USD per lot.
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Lirunex is an international financial broker offering a variety of trading services to its clients. Among the array of features and benefits it offers, one significant policy that sets Lirunex apart is its commitment to Negative Balance Protection. Respecting the principles of Islamic finance, Lirunex offers two types of Islamic accounts – Islamic Standard and Islamic Prime. Both are 100% Shariah compliant and swap-free, making them suitable for traders who wish to adhere to Islamic law. The floating spreads and leverage levels mirror those of the conventional accounts.
- Lirunex is a noteworthy broker in the financial market, offering its clients a comprehensive range of services.
- Such a feature is noticeably absent here, and its inclusion could further boost the platform’s value for its users.
- Lirunex neither publishes in-house research nor sources it from third parties.
- Lirunex offers VPS hosting in partnership with ForexVPS or Beeks, but it comes at an extra cost of no less than $18 monthly.
- Among other things, MT4 got famous for its huge selection of custom-made indicators and trading strategies that can be found in the marketplace within the platform.
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Other than that, clients can contact the broker directly or visit the offices in the Marshall Islands and Malaysia. I’ve been trading with Lirunex for a while now and I’ve had a great experience. Their platform is very reliable and I appreciate the wide range of investment options they offer, and their research tools lirunex malaysia are very helpful for making informed trading decisions.
These educational materials should provide beginners with the basic knowledge required to start practicing trading skills on a demo account. VPS automated trading services are offering the possibility to automate the whole trading process. Lirunex is partnering with several VPS service providers to ensure the lowest latency and high execution speeds that are critical when using VPS services. Lirunex assures its retail clients that should their account slip into negative equity due to trading losses, the broker will reset the account balance to zero and absorb the loss. This effectively means that clients cannot lose more money than they have initially invested. This protection is essential as it provides traders with the assurance and peace of mind to know they won’t be liable for any debt to the broker beyond their initial investment.
Lirunex features a live chat support system for real-time assistance on its website. This feature allows for instantaneous responses to your questions, which can be particularly useful for new traders or those facing immediate issues. Understanding margin requirements is crucial when trading Contract for Differences (CFDs) with Lirunex. The margin requirement is the minimum level of funds needed in your account, which depends on your account’s leverage. Understanding how margin requirements work can help you avoid margin calls and stop-out levels.
Customer Support
Having a license from a well-known regulatory body like CYSEC adds credibility to a broker’s reputation. It provides reassurance to traders, who are often concerned about the safety of their funds. Therefore, highlighting their CYSEC license prominently on the website would instill more confidence in Lirunex’s potential and existing clients.