Lirunex Review – Is Lirunex Scam or Legit?

Lirunex Review

Lirunex is a famous online brokerage platform providing its services to its traders (both corporate and individual) with extreme professionalism. It is a Cyprus-based firm that is compliant with all risk management policies and safety standards. In this Lirunex review, I am going to shed light on all its attractive features that make it a likable option for clients.

Trading Platform

The trading platform of Lirunex is loaded with cutting-edge technology which makes it intuitive. It provides easy access to all major trading markets and it is a favorite broker of Forex, commodities, and CFDs traders. It supports multiple currencies and languages as well as Expert Advisors. The platform is built on MetaTrader 4 hence it is a web platform with extended support for Android and iOS devices. You can start using this platform by only depositing 500 dollars.

Account Types

Lirunex provides an option to choose an account type from the three given options.

Standard account

Prime account

PRO account

Standard Account: For a standard account, a client must deposit at least 500 dollars and in exchange, he would be provided a lot of facilities such as 1:30 leverage, instant order execution, negative balance protection, and hedging.

Prime Account: The prime account is an advanced form of a Standard account so it requires a minimum of 2000 dollars as an initial deposit. In exchange for this additional 1500 investment, traders enjoy facilities such as stop loss, margin calls, and floating spreads.

PRO Account: The PRO account has been designed for elite and expert traders and it requires an initial deposit of 10,000 dollars. It provides rapid fast execution of trades as the trades are made in merely 10 microseconds.

Other than these three premium accounts, the broker provides a free demo account as well. Traders can use this demo account to test the trading tools and conditions provided by the broker.

Spreads

The spreads at this platform are tight but depend on the type of account a client opens. In the standard account, the spreads start from 1.5 pips while in the prime account they start from 0.7 pips. In most VIP accounts (PRO), the spreads are remarkably tight as they start from 0.3 pips. They may differ according to the trading styles of traders because it offers floating spreads in the PRO account.

Commissions

The company charges a small amount as commission on every transaction to meet the expenses. The standard account, for beginners, is exempted from commissions because the broker grants extended support to newbies. In the Prime account, 8 dollars are charged per transaction while 4 dollars are charged from PRO account holders.

Account Opening

The account opening procedure at the Lirunex platform is simple and can be completed easily within five minutes. The platform only collects essential information which is a must for the broker to identify them. A trader is asked to provide a complete name, email address, native country, phone number, and password. The applicant must be 18 years old at the time of registration and should agree to all terms and conditions.

Customers’ Support by Lirunex

Lirunex is a client-oriented brokerage firm which is why it provides quality customer support services. Whether the clients need guidance, information, or any other help, they can freely contact the broker and get instant help. The robust customer support is one of the main reasons behind the success of this broker. The clients can contact via email as well as phone numbers provided on the platform. The broker can be contacted on social media as well as it has an active presence on Instagram, YouTube, and Twitter.

Final Remarks

Account opening with Lirunex is simple, spreads are tight, the platform is advanced, and customer support is robust. These reasons are enough to convince me that the broker is reliable and trustworthy and I suppose you would also be thinking the same. I recommend you to visit the platform and then decide.