What is Lirunex?
The philosophy under which Lirunex was established goes to the maintenance of client loyalty and provision of the professional trading service to benefit through unparalleled professionalism. Lirunex operates through its brokerage office in Cyprus, along with all the necessary compliances towards safety and compliance to laws.
Yet, the broker also enabled the offshore office in order to cover global exposure, eventually, if being located only in the offshore zone we would not recommend Lirunex. Yet, together with its European set of operational standards followed by CySEC supervision, Lirunex considered a safe broker.
Is Lirunex safe or a scam
No, Lirunex is not a scam but a regulated broker, which trading with a regulated broker gives you safe trading conditions while your money will be safe and secured.
Lirunex Pros and Cons
Lirunex account opening is easy, there are many supported funding methods, and trading conditions are average with good platforms, education and spreads on industry average.
From the negative points, instruments range is limited to Forex and CFDs.
Lirunex is a trading name of a Cypriot Investment firm, which is also respectively authorized by the Cyprus Securities and Exchange Commission (CySEC). Eventually, regulatory obligations and legal status of the broker is a first thing to check while selecting a broker to trade with. As in simple words, it means the broker operates transparently and is constantly overseen by the authority, or I case any violations may be heavily fined or even dismissed from its activity.
Together with compliance to necessary laws, CySEC brokers and Lirunex respectively operate clients account with transparent conditions, also segregate funds from the company ones. In addition, in the worst case of the company insolvency and CySEc guideline clients are covered by the compensation scheme.
Lastly, CySEC being a European regulator facilitate expertise set by ESMA and MiFID directive towards traders. Together with that, Lirunex also operates through cross boarding license which gives legal trading way to EEA zone clients and beyond.