WikiFX Reviews Lirunex in Depth

In this article, we'll examine Lirunex's key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX aims to provide you with the information you need to make an informed decision about using this platform.

Background:

Lirunex is a multi-national financial company that provides online trading services to clients around the world. The company was founded by a team of experienced traders and financial professionals who have a combined experience of over 20 years in the financial markets. The company was founded in 2016 and is headquartered in Limassol, Cyprus. The company has offices in other major financial centres around the world, including Dubai, Kuala Lumpur, and Hong Kong.

Lirunex offers a range of over 100 assets through leveraged CFDs, providing clients the opportunity to trade popular global markets in both long and short positions. The available asset categories include currency pairs, global indices, cryptocurrencies, precious metals, energy resources, and equities.

Types of Accounts:

Lirunex presents a range of three live trading account options, each featuring a minimum trade size of 0.01 lots and a maximum leverage of 1:2000.

Below are the key distinctions among the various account types:

1. LX-Standard Account

• Minimum deposit: $25

• Spreads start from 1.5 pips

• Commission: 0

2. LX-Prime Account

• Minimum deposit: $200

• Spreads start from 0 pips

• Commission: 8 USD per lot

3. LX-Pro Account

• Minimum deposit: $10,000

• Spreads start from 0 pips

• Commission: 4 USD per lot

In addition, Lirunez also provides 2 types of Islamic Trading accounts for Muslim traders as they are both swap-free.

Deposit and Withdrawals:

Lirunex provides a variety of deposit options, all without incurring any charges on the broker's end. Deposit requests are efficiently processed by Lirunex within 24 hours on business days, from Monday to Friday. The time required for funds to become accessible in a live account depends on the selected payment method. Notably, deposit requests submitted after 3 PM (GMT+3) will be processed on the following business day.

Lirunex supports several deposit methods, catering to diverse currencies and processing times. These include Bitpay (USD, up to 24-hour processing, $200 minimum deposit), Thunderx Pay (LAK, MMK, KHR, THB, instant processing, $25 minimum deposit), 123 by 2C2P (MYR, THB, IDR, up to 24-hour processing, $25 minimum deposit), Bitwallet (USD, EUR, JPY, AUD, up to 24-hour processing, $200 minimum deposit), Local Bank Wire Transfer (China, RMB, instant processing, $280 minimum deposit), Credit/Debit Card (VISA & Mastercard, USD, up to 24-hour processing, $25 minimum deposit), Local Bank Wire Transfer (South East Asia, MYR, THB, IDR, VND, SGD, instant processing, $25 minimum deposit), and Bank Wire Transfer (Global Available Upon Request, USD, three to five working days processing, $2000 minimum deposit).

Lirunex enforces a policy of returning withdrawals to the original deposit method employed by traders. Like deposits, all withdrawal requests are devoid of any associated fees and are promptly processed by Lirunex within a 24-hour window. However, the specific timeframe for the availability of withdrawn funds varies depending on the chosen payment method:

For Bitpay, withdrawals are processed within up to 24 hours, and the minimum withdrawal amount is $20. Thunderx Pay typically takes one to two working days to process, with a minimum withdrawal of $20. Local Bank Wire Transfers in Southeast Asia have one to three days of processing time, and the minimum withdrawal amount is $20. Meanwhile, Local Bank Wire Transfers in China take one to two days to process and require a minimum withdrawal of $280. For Bank Wire Transfers available globally upon request, processing time extends to three to five days, with a minimum withdrawal of $200. Credit/Debit Card (VISA & Mastercard) withdrawals generally take seven to ten days to process, and the minimum withdrawal amount is $20. Additionally, Thunderx Pay withdrawals are typically processed within one to two days, with a minimum withdrawal of $20, while Bitwallet withdrawals are completed within up to 24 hours, with a minimum withdrawal of $20.

Trading Platforms:

Lirunex provides the renowned MetaTrader 4 (MT4) trading platform, known for its wide-ranging technical analysis tools, customizable options, automated functions, and compatibility with mobile applications. This versatile platform is accessible through both desktop downloads and web-based interfaces. MT4 caters to the needs of traders across the spectrum, from newcomers to seasoned professionals, thanks to its combination of advanced functionalities presented in a user-friendly interface. Among its features are over 30 built-in indicators, support for four pending order types, a selection of 24 graphical objects, and the capability to handle up to 99 charts simultaneously.

Moreover, Lirunex also offers its in-house curated trading application, which can be downloaded from the App Store or Google Play. This sleek application has a simple interface paired with live news stream, economic calendar, and real-time notifications. Lirunex's forex signals and copy-trading service are also available within this application.

Research & Education:

Lirunex provides essential educational resources covering the fundamentals of trading, encompassing forex pairs, their abbreviations, and other foundational concepts. Additionally, the broker offers a concise strategy guide to further assist traders in enhancing their trading skills and knowledge.

Customer Service:

Lirunex provides a robust customer support service with multiple contact avenues available during market hours. The aim is to ensure that customers can easily access assistance in their preferred format, whether it's through phone, email, live chat, or by accessing an online resource centre brimming with informative FAQs and educational materials. This comprehensive approach underscores Lirunex's commitment to offering top-notch support to its clientele.

Conclusion:

WikiFX, a global forex broker regulatory platform, has given Lirunex a WikiScore of 8.29 out of 10, indicating that it is a highly reliable broker in the forex trading industry.

WikiFX also verified the licenses held by Lirunex.

In conclusion, Lirunex is a trustworthy broker.