Question 1

Is Lirunex regulated and safe for traders?

FXScope Intelligence Lab · Accepted Answer

Lirunex operates under a multi-jurisdictional structure with varying levels of regulation. The Cyprus entity (Lirunex CY) is regulated by CySEC and follows EU regulations including ESMA restrictions. The Malaysian entity (Lirunex MY) is regulated by LFSA. However, the Marshall Islands entity (Lirunex MH) operates without government regulation. The company keeps client funds in segregated accounts and has won 'Best Broker in Malaysia 2020' award. EU traders should note that the Cyprus entity has trading restrictions due to ESMA influence, but they can access the offshore entity for higher leverage.

Question 2

Is Lirunex beginner-friendly for new traders?

FXScope Intelligence Lab · Accepted Answer

Lirunex appears moderately beginner-friendly with several supportive features. The broker offers educational guidelines and tips specifically for new traders, as evidenced by positive feedback from users mentioning helpful guidance. The minimum deposit is accessible at $25 for the Standard account, making it approachable for beginners. However, the broker focuses primarily on forex and CFDs with limited instrument variety, which may restrict learning opportunities. Customer support is available via live chat and WhatsApp, and the platform uses the widely-known MetaTrader 4. The broker also offers PAMM portfolio management and automated trading options that could benefit inexperienced traders.

Question 3

What are Lirunex account types and minimum deposits?

FXScope Intelligence Lab · Accepted Answer

Lirunex offers four distinct account types catering to different trader levels and capital sizes. The LX-STANDARD account requires a $25 minimum deposit with spreads starting from 2.0 pips and no commissions. The LX-ADVANCED account needs $100 minimum with spreads from 1.5 pips and no commissions. The LX-PRIME account requires $200 minimum deposit, offering zero spreads but charging commissions from $8 per lot. The LX-PRO account targets experienced traders with $10,000 minimum deposit, zero spreads, and lower commissions from $4 per lot. This tiered structure allows traders to choose based on their capital and trading preferences.

Question 4

What leverage does Lirunex offer and are there restrictions?

FXScope Intelligence Lab · Accepted Answer

Lirunex offers leverage up to 1:1000, which is among the highest available in the forex industry. However, leverage availability varies by jurisdiction and entity. EU traders face restrictions when using the CySEC-regulated Cyprus entity due to ESMA regulations. Interestingly, EU and other regulated jurisdiction traders can access the higher offshore leverage by signing up through Lirunex's Marshall Islands entity (MED - Maldives Ministry of Economic Development). This multi-entity structure allows traders from strict regulatory environments to benefit from offshore leverage while maintaining access to the broker's services.

Question 5

What trading platforms and instruments does Lirunex provide?

FXScope Intelligence Lab · Accepted Answer

Lirunex currently offers only the MetaTrader 4 (MT4) platform across all entities, though the broker website shows references to MT5 as well. The instrument selection is focused but limited: over 40 major and minor forex pairs, 6 cryptocurrency pairs (Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, Ripple), 11 stock indices CFDs, 2 metal CFDs (Gold and Silver), 2 energy CFDs (WTI and Brent Crude Oil), and 10+ US stock CFDs. This streamlined offering focuses on the most-traded assets rather than providing comprehensive market coverage, which may appeal to traders preferring a focused trading environment.

Question 6

How can I contact Lirunex customer support?

FXScope Intelligence Lab · Accepted Answer

Lirunex provides customer support through multiple channels including live chat on their website, WhatsApp communication, and email support at support@lirunex.com. However, notably absent is a direct phone number, which some traders might prefer for urgent issues. The support team appears responsive based on trader reviews, with many users praising quick response times and efficient problem resolution. The broker also offers support in multiple languages including English, Chinese, Vietnamese, Thai, Indonesian, Korean, and several other languages, reflecting their focus on serving the Southeast Asian market.

Question 7

What are the costs and fees for trading with Lirunex?

FXScope Intelligence Lab · Accepted Answer

Lirunex operates on a spread plus commission model depending on the account type chosen. Standard and Advanced accounts offer commission-free trading with wider spreads (2.0+ and 1.5+ pips respectively), while Prime and Pro accounts charge commissions ($8 and $4 per lot respectively) but offer zero spreads. The broker's overall cost structure is described as competitive by traders in reviews. Funding methods are widely supported, though specific fee details for deposits and withdrawals are not detailed in the available information. The broker also offers promotional features like a 100% deposit bonus and IB reward programs.

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