To mark its 7th anniversary in the financial sector, Lirunex is hosting a unique celebration that lets traders reap lucrative rewards. Upon opening a new trading account within the promotional period (1 June to 31 December 2023), you can access a deposit bonus of $100 when you trade a minimum of 1 lot. Lirunex demonstrates its commitment to compliance with international regulations and laws by adhering to these regional restrictions. This not only safeguards the broker from potential legal troubles but also ensures that its operations align with the ethical norms and standards of the industry. After all, a trusted broker values the safety of its operations and the security of its clients’ investments above all else.
The leverage offered for metal contracts is 200, with a system of forced liquidation at a 25% inter-week margin and 50% overnight interest. Offering access to a myriad of currency pairs, this platform enables traders to capitalize on the volatility and liquidity of the global forex market. As an investor or trader, you need a reliable brokerage platform that offers a wide variety of assets for trading. Lirunex is one such platform that prides itself on its comprehensive range of tradable assets, including Forex, Metals, Energies, Indices, Crypto, and Stocks. The specifics of these trading offerings can be found on Lirunex’s website under the “Trading” section, particularly within the “Leverage and Margin” and “Contract Specifications” sections.
LX-PRIME
- Understanding your own risk tolerance, trading goals, and the specifics of each account type is vital to making an informed decision.
- Our account opening procedure is simple and our systems are user friendly for all our Clients.
- To begin with, Lirunex provides a robust trading platform that is not only user-friendly but is also replete with advanced features that elevate the level of trading experience.
When it comes to trading conditions, Lirunex shines in the market with competitive spreads that allow traders to maximise their potential earnings. Furthermore, the platform supports a high level of leverage, empowering traders to control a larger position in the market with a relatively small deposit. As well as these favourable conditions, Lirunex also offers a demo account, providing a risk-free environment for beginners to get a feel for the platform and develop their trading strategies. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about.
Islamic Standard and Islamic Pro Accounts
Moreover, it features a MT4 to FIX API Bridge, providing complete control over the clearing process and satisfying algorithmic trading needs under real-time architecture. Overall, Lirunex can be summarised as a trustworthy globally licensed, that is regulated by three of the world’s leading financial jurisdictions. The Lirunex Chills Trading platform is a Social Trading Platform that allows users to find leading trading strategies, analyze account results, and much more.
To begin with, Lirunex provides a robust trading platform that is not only user-friendly but is also replete with advanced features that elevate the level of trading experience. From real-time market data to analytical tools, the platform offers resources to aid traders in making informed decisions. As well as that, the trading platform ensures a seamless trading experience with quick execution speeds and the flexibility to trade from anywhere, at any time.
TRADE NOW WITH LIRUNEX
Their multichannel customer support is available through live chat, Email, and phone. Lirunex operates globally, with certain exceptions due to regional restrictions. Lirunex is regulated offshore by the Labuan Offshore Financial Services Authority (LOFSA). Unfortunately, there is no negative balance protection, but other security measures are in place. Negative balance protection provides the ability not to lose more than the trading account balance, which is an effective measure against risks when trading with high leverage. Lirunex offers a strong margin call, making it nearly impossible to go into negative numbers.
The Importance of Comprehensive Trading Resources
Lirunex offers Extended Swap-free status by default to all applicable trading accounts created by clients in non-Islamic countries. Since Lirunex explains its products and services well and ensures flawless operations, I doubt traders will be likely to ever require customer support. From the details gleaned throughout this review, it can be concluded that Lirunex is a reliable and safe broker.
This promotion gives traders the golden opportunity to earn rewards based on their deposits and lot sizes. Depending on the size of the deposit (ranging from $100 to $1500 and above) and the number of lots traded, traders stand a chance to win gold bars of varying sizes, from 0.1g to 10g. A country’s political and economic climate plays a pivotal role in determining whether a broker can offer its services. Countries in conflict or with unstable economies often pose a high risk for financial businesses. These risks can range from financial fraud to difficulty in ensuring smooth transactions due to infrastructural inadequacies.
Whether you’re a beginner or an experienced trader, Lirunex offers services that can help take your trading to the next level. But like every other broker in the market, it’s essential to assess the broker’s offerings against your specific trading requirements to make the right choice. Lirunex Forex Education is the dedicated section on the broker’s website providing articles on various Forex trading terms and how to start trading.
Lirunex is regulated by three of the world’s leading financial jurisdictions. Moving to the instruments that can be traded with this broker, it’s clear to us that the focus here has not been on covering every type of asset lirunex malaysia out there. The Malaysian Regulatory Commission remains active in the markets and regularly updates its warning list.
These regional restrictions are not arbitrary but are due to a variety of legal, financial, and ethical considerations. Available options for withdrawal consist of local transfers, credit card, and several other methods, with the minimum amount starting at 20 USD. Depending on the chosen method, withdrawal times can range from as quick as 24 hours to 7-10 banking days. At Lirunex, leverage profiles can be adjusted based on equity or trading patterns changes, which can occur without clients’ prior notice. This flexibility in adjusting leverage profiles allows Lirunex to cater to the different risk levels of its clients and group their assets.
- MetaTrader 4 and the Lirunex App are the two trading platforms offered by the broker.
- While Lirunex’s services are not available everywhere, this is more a sign of a responsible and law-abiding company than a limitation.
- The specifics of these trading offerings can be found on Lirunex’s website under the “Trading” section, particularly within the “Leverage and Margin” and “Contract Specifications” sections.
- Lirunex offers the FIX (Financial Information Exchange) API for professional and institutional traders.
- Lirunex offers beginners dozens of educational articles, which I can recommend as an introduction.
Trading Bonus
I also appreciate the personalized support I receive from my Relationship Manager. Lirunex established itself as a trustworthy Forex broker with a clean track record. It continues to expand its product and services portfolio with a highly competitive funded prop trading program, the latest addition next to its educational section for beginners.
