Lirunex review - Regulations, Trading Instruments, Trading platforms, and Traders ratings.

1.054 • 13 REVIEWS
Updated: Mar 27, 2024
Lirunex.com (.eu)

What is Lirunex?

Lirunex is a CySEC and LFSA ( Labuan Financial Services Authority) regulated forex broker with trading platforms of Lirunex Trading App, MT4 in PC and Mobile.

Lirunex.com offers over 35 forex currency pairs, gold, silver, oil, indices, stocks, bitcoin and other cryptocurrencies for your personal investment and trading options.

Please read Lirunex Reviews below and share your live trading experiences with this broker.

January-April 2023:  Multiple fake and highly suspicious positive reviews submitted for Lirunex.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 1000:1
Minimum to Open Live: $25
Established: 2017
Address: 14 Gorgonon Street, Patsalos Plaza, 3rd Floor, Office No 305, Larnaca, Cyprus
Contact: support@lirunex.com, +357 24 694 888
Regional offices:
Regulators: CySEC #338/17, Labuan FSA #MB/20/0050
Prohibited countries:
Trading platforms: MT4, MobileTrader (MobileApp)
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (40+)
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
CFD: (25+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

MAM: ✅ Yes
PAMM: ✅ Yes
ZuluTrade: ✅ Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, 123 by 2C2P, Bancontact, BitPay, bitwallet, ePay (epay.bg), Giropay, Local Bank Transfers, PayPal, SOFORT, Tether (USDT), ThunderXPay, WebMoney
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, 123 by 2C2P, BitPay, bitwallet, Local Bank Transfers, PayPal, SEPA (Single Euro Payments Area), Tether (USDT), ThunderXPay
* Please check broker website for more information
1.054 • 13 REVIEWS

Recent User Reviews of Lirunex

S
s.yl39
penang, Malaysia (inside the offices of Lirunex),
Aug 16, 2022,
Registered user

A reliable broker that can be trusted - To make fake accounts to spam the reviews.

Service use: Other Length of use: 3-6 Months
Have been trading under this broker many times and they give lots of support when in need. So far I experience great customer service from Lirunex. Best recommended to those who want to try trading.
Forex Peace Army
Review moderation team note
5 Star Rating removed.

S.yl39 is one of a number of accounts created from the sam IP used by Lirunex's representative to leave fake "client" reviews at the FPA.

Per FPA policy, the rating on this review has been set to Zero stars.
S
Samuel Wilson
Kuala Lumpur, Malaysia,
Aug 12, 2022,
Registered user

Excellent Broker!! (I forgot to say that they pay my salary!!)

Service use: Live Length of use: over 1 Year
I start trading with Lirunex with very little knowledge. Slowly, I got better and found the strategy good for me. Thank you Lirunex for making me a better trader. Overall good choice.
Forex Peace Army
Review moderation team note
5 Star Rating removed.

Tiffany (aka Samuel Wilson) forgot to say that she signed up using her Lirunex.com email address before leaving this "client" review.

Lirunex will need to appoint a new representative.  Tiffany is banned and is no longer welcome here.


Per FPA policy, the rating on this review has been set to Zero stars.
M
MarcusVi
HCMC, Viet Nam,
Mar 25, 2024,
Registered user

Unethical. does bad things to traders.

Service use: Live Length of use: 6-12 Months
I give Lirunex a Big RED FLAG because what they did to me. Their explanations were the same as all other bad brokers. When I asked them the specific or correct questions, I got ignored. That was such a terrible experience. They took my money by creating some swap charges then claimed this action was by their LP.
Lirunex promised me to refund all the money they have charged me, but in the end they just ignored me and there was no money given back to me.
So why were they promising to give me back my money? They lied to me and they were not responsible and broke their promises.
Besides the above activity, they have increased the spread of my trading products too. ( after I earned some profits Lirunex did everything to take my profits back )
What kind of broker is this?
Please read my report and have a wise choice to work this broker , otherwise you guys could been robbed like me.
S
Scam hunter55
Ho Chi Minh, Viet Nam,
Mar 25, 2024,
Registered user

Irresponsible , Rob trader's money

Service use: Live Length of use: 6-12 Months
Fraudulent changes in spread and refusal to take responsibility: I am a trader who has been trading on the Lirunex exchange for over 6 months.

1/ Lirunex directly changed the spread of the product I was trading from $90/lot to $350/lot (market stable without news volatility) and maintained this spread fee.

2/ Lirunex quietly deducted positive swap money when placing orders on the exchange (an amount up to >$1000), while my trades at that time had just escaped from a major market fluctuation and began to profit, Lirunex did this to take away my profits. The first action of changing the spread by Lirunex made me unhappy, but I continued to trade because I trusted the exchange. However, with the second action, I was infuriated and contacted the management. They sent me an email admitting fault on their part (after thoroughly checking my trades) and promised to compensate me for the deducted swap money. But in the second email, they refused to reimburse the money and blamed a third party (clearly an act of fraud and inconsistency from the exchange).

Lirunex is a licensed trading platform, but their operating practices resemble those who seek to steal and make traders lose money, making it an unsafe playground for traders. They have taken my money.  They promised compensation but then failed to deliver, instead blaming me and the LP (Liquidity Provider). I am very disappointed, and I am writing this report to WARN other investors to consider carefully before trading
J
JUSTICEFREE
Tay Ninh, Viet Nam,
Mar 14, 2024,
Registered user

Widens spread. Takes money and blames LP.

Service use: Live Length of use: 0-3 Months
Lirunex is an irresponsible platform. I have been trading energy products and incurring losses, yet earning some overnight interest like any other product. They do nothing when I'm incurring losses, but as soon as I start making profits, they begin increasing the spread of the product I'm trading. And not only that, they start deducting all the overnight interest from the product I've been trading for over a month (90%) with the excuse that they reported wrong prices. It's ridiculous! Is this really a CySEC licensed platform?

After contacting them for a while, Lirunex disclaims all responsibility, blaming it on their LP's (Liquidity Providers). How come the platform's and LP's mistake becomes the responsibility of customers like me? Instead of assessing who's at fault, they immediately snatch $7000 from me. When I asked why they didn't first check if I made any mistakes, their answer was that the LP said I did.

In summary, they won't refund my money when the mistake is clearly on their end (with confirmation emails from both LP and Lirunex admitting the error). They shamelessly deceive and take a considerable amount from me, and even sent an insulting email claiming I was at fault (followed by a correction and apology email).

When you're profitable, they have a rule that they can do anything if they 'suspect' (of course, without any evidence), and they can do whatever they want.

I talked to Lirunex's CM, but all I got was indifference and denial of responsibility from him. He acts very innocent even though he knows I'm the victim.

So traders, please stay away from Lirunex. I will continue to expose this matter to the end, even though I know it will only waste time. But I cannot accept a reputed broker grabbing money out of my account.
2 traders have found this review helpful
B
BanessaApril
klang, Malaysia,
Mar 20, 2023,
Registered user

Trustworthy platform to trade!

Service use: Other Length of use: 0-3 Months
got recommended from one of my friends and they said this platform kinda great to trade.
and I try it for the first time and so far so good to trade becoz it low deposit and I got my first profit.
hope can sustained or gained profits more!
1 trader has found this review helpful
R
RossyRose
Selangor, Malaysia,
Feb 17, 2023,
Registered user

it is not a scam!

Service use: Other Length of use: 3-6 Months
ive been using this for about 3 months and I tell u guys it is not a scam. I didn't find any suspicious activity. I even chip an amount of money and get returns within 3 months. not loosing any cents.
2 traders have found this review helpful
B
bathuanlee
HCMC, Viet Nam,
Oct 20, 2022,
Registered user

REJECT WITHDRAWAL REQUEST WHEN CLIENT MADE PROFIT

Service use: Live Length of use: 0-3 Months
I have deposited 2000USD into my MT4 account and received the 30% bonus as the bonus program of the broker.
First, I have traded only 1.6 lot EU with take profit for 40pips. After that, I have traded 1.8lot GU with the new balance 2700usd and take profit only 35-40pips.It's very normal trading. I have withdrawn 1315 usd and it was processed. The bonus credit is removed also. then I have trade alittle bit cause didn't want to take more risk. After that, I continued to withdraw 1300usd but the broker delayed my withdrawal request and rejected the request. The broker said with unlogical reason that I fully margin traded. Trade 1.6 or 1.8 lot with 2500usd balance is fully margin trade ???? Very unlogical. Then they automatic deducted my profit 1296 usd. THIS IS SCAM BROKER THAT WILL AUTOMATIC REJECT YOUR WITHDRAWAL WHEN YOU MADE PROFIT. BROKER ONLY WANT YOU TO LOOSE ALL YOUR FUND. THE STOLEN AND SCAM BROKER!!!
3 traders have found this review helpful
A
amm4r
kuala lumpur, Malaysia,
Apr 11, 2022,
Registered user

SCAM Broker, Manipulative, daylight robber

Service use: Live Length of use: 0-3 Months
Joined a copy trade. Broker suddenly cut a profitable entry and a lot of subscribers automatically unsubscribed (unknowingly). Purely scam and manipulative broker
BIG RED FLAG. Please use some other dodgy broker that confirm not gonna pay you rather than LIRUNEX who will give you hope but end up give nothing. Their explanation is like scammer and when ask the correct question, it get ignored. Explanation always goes around the bush. SCAM. RED FLAG. Stay Away from LIRUNEX
1 trader has found this review helpful
X
XYventure
Harare, Zimbabwe,
Apr 11, 2022,
Registered user

Scammer broker that will not pay

Service use: Live Length of use: 0-3 Months
If I could give this broker a 0 star I would...there were over 300 people of us who were affected by this scam.

We were doing copy trading and this broker closed our trades that was in profit, quoting it was stop our level of 50% also because they forced people to unsubscribe so the equity dropped and forced the trades to close it out as well making the profitable trade into margin call trade.


Btw because the trading style was full margin meaning risking everything possible for a trade, the trade was going from 3k to 300k

This is ridiculous.

This kind of broker should not be existing.... Because they cannot afford to play and pay so they play tricks and manipulated their end instead. It's like a small child throwing tantrum and just want benefits instead of playing fair...

Here Is what telegram user named kent218 who is working for lirunex said after about a week of review and manipulating results to come back to us.

2 hour delay on stop out. How come there was no delay when we were losing... However when the trade goes well.... There is 2 hour delay


Also note Stop out on WINNING TRADES


"We are writing to you in regards to the recent incident pertaining the Stop Out happened to all the investors accounts under PAMM strategy ‘FULLMARGIN ONLY’.

From our investigations, most of the affected investors turned out to have winning trade resulted from the Stop Out on the affected trade order, hence no further compensation will be provided for these group of investors.

The whole scenario was like below descriptions:

1. 6/4/2022 10:12:41 AM - MT4 Stop Out
- Before stop out : 16959.44 (Balance)
- After stop out : 5003.44 (Balance)
- CRM stop out delayed (17 investors got stop out at 6/4/2022 12:09:56 PM)

2. 6/4/2022 12:09:56 PM - MT4 Stop Out
- Before stop out : 8055.49
- After stop out : 1405.09
- Follow by CRM stop out

*Stop Out was trigger when the margin level drop till 50%, you may refer back to the Excel Statement (Highlighted in Orange Colour) and the CRM Stop Out was trigger (Highlighted in Yellow Colour.

However, there are slow trigger in the system after 2 hours stop out.

Slow trigger here:
17 investors got stop out at 6/4/2022 12:09:56 PM

In short, MT4 Stop Out is triggered then followed by investor Account CRM Stop out in the PAMM.

MT4 Stop Out: Stop out when account floating till margin level left 50% then MT4 will start to do close trades.

CRM Stop Out: Stop Out for Individual Investor Account.

From our investigations, most of the affected investors turned out to have winning trade resulted from the CRM delayed Stop Out on the affected trade order, hence no further compensation will be provided for these group of investors.


We hope the above explanation clarifies the matter. We wish to take this opportunity to thank you for your continued patience and understanding as well as extend our appreciation for your continuous support to Lirunex Ltd. For further inquiries or feedback, please feel free to reach to me, or you may drop us an email at support(at) lirunex.com.

Thank you.

FAQ:

1. Why only this 17 investors got stopped out
Different investors join at different times, it is normal they got stop out at different timing

2. How much Floating at that time only we doing cut loss
We check margin level

3. What's the total lot size they had open so trigger the stop out
We check margin level

Stopped out is based on margin level"
1 trader has found this review helpful