Lirunex Review: A Full Guide of Its Offerings

Lirunex is a broker integrating modern technology with traditional trading practices. In this forex trading broker review, we aim to provide a detailed overview of Lirunex, covering its foundational aspects, range of services, and regulatory framework. By understanding Lirunex’s focus on technology and its goals for the future, traders can assess how well this broker fits with their trading preferences and goals.

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Lirunex: Overview 

Lirunex ensures its clients have quick access and control over their trading accounts with advanced technology. It aims to meet the changing demands of experienced traders while maintaining tight spreads and adhering to best execution practices.

Lirunex’s offerings are comprehensive, including a variety of account types and trading products such as currency pairs, CFDs on equity indices, precious metals, and energies. This wide-ranging portfolio is designed for traders of all levels, from beginners to seasoned professionals.

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Regulation and Registration 

Lirunex Limited is re-registered in the Republic of Maldives under the Companies Act, with authorization from the Ministry of Economic Development. Furthermore, the firm extends its legal framework to the Republic of the Marshall Islands, where it’s incorporated as an International Business Corporation. This dual registration underlines Lirunex’s dedication to adhering to global regulatory standards.

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Account Types of Lirunex

1. LX-STANDARD Account

• Minimum Deposit: $25
• Spread: As low as 1.5 floating spreads
• Commission: $0 
• Maximum Leverage: 1:500
• Instruments: Major FX pairs, minor FX pairs, exotic FX pairs, precious metals, commodities, index CFDs, crypto CFDs, stock CFDs

2. LX-PRIME Account

• Minimum Deposit: $200 
• Spread: As low as 0.0 floating spreads
• Commission: $8 per lot
• Maximum Leverage: 1:500
• Instruments: Major FX pairs, minor FX pairs, exotic FX pairs, precious metals, commodities, index CFDs, crypto CFDs, stock CFDs

3. LX-PRO Account

• Minimum Deposit: $10,000 
• Spread: As low as 0.0 floating spreads
• Commission: $4 per lot
• Maximum Leverage: 1:500
• Instruments: Major FX pairs, minor FX pairs, exotic FX pairs, precious metals, commodities, index CFDs, crypto CFDs, stock CFDs

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Deposit and Withdrawal

Lirunex facilitates account funding through multiple deposit methods including local transfers in South East Asia and China, global transfers, and credit card payments, with minimum amounts as low as $25. Supported currencies include USD, MYR, THB, and more. Most deposits are processed instantly or within 24 hours. 

Withdrawals at Lirunex are straightforward, allowing funds to be returned via the same method used for deposits. Minimum withdrawals start at $20, with processing times varying from instant to 10 banking days. Operations are conducted during business hours, Monday to Friday.

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Products in Lirunex

Lirunex offers a diverse range of trading products to cater to the varied interests of traders. Here’s a brief overview:

• Forex
• Metals
• Indices
• Commodities
• Cryptocurrency
• Stocks

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Trading Platform of Lirunex

Lirunex provides advanced trading platforms to enhance your trading experience, as listed below:

• MetaTrader 4
• MetaTrader 5

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Fees of Lirunex

Although Lirunex ensures most deposits and withdrawals are free of charge, it’s important to note that third-party charges from banks or crypto exchanges may still apply. This approach aligns with their goal to provide a seamless trading experience.

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Lirunex Promotions

Lirunex is currently offering an exciting promotion called “Dragon Angpao”, eligible for LX-Standard, LX-Prime, and Islamic Standard/Prime account holders. This promotion offers the chance to win the biggest Angpao of up to $888 with a maximum leverage of 1:2000. Notably, traders have a limited time to participate, as the promotion runs from 1 January to 29 February 2023.

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Customer Support 

• Email: [email protected] 
• Live Chat: Mon – Fri
• Phone: +603 22421878

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Pros & Cons

Pros Explained

• The broker provides various trading products, including forex, metals, indices, commodities, cryptocurrencies, and stocks.
• Most deposits and withdrawals are processed instantly or within 24 hours, catering to traders’ needs for quick access to their funds.
• Lirunex adheres to a regulatory framework, being registered in both the Republic of Maldives and the Republic of the Marshall Islands, enhancing its trustworthiness.
• Lirunex does not impose any fees on deposits and withdrawals

Cons Explained

• The “Dragon Angpao” promotion is available for a limited time, which may restrict some traders from participating.
• While Lirunex does not charge fees for deposits and withdrawals, traders may still incur fees from banks or crypto exchanges involved in the transactions.

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Is Lirunex Worth Considering?

Lirunex stands out for its robust technology offerings, including MetaTrader platforms, and various trading products. Additionally, a diverse range of trading products and account options enhance its attractiveness, catering to various trading methods and investment amounts.

While the high minimum deposit for its premium account and potential third-party fees might be drawbacks for some, the overall package Lirunex offers is considerable. With its dedication to no direct deposit or withdrawal fees, Lirunex emerges as a viable option for traders seeking a comprehensive trading solution.

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FAQs

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