However, this will not affect the lawfulness of any processing carried out before you withdraw your consent. If you withdraw your consent, we may not be able to provide certain products or services to you. We will advise you if this is the case at the time you withdraw your consent. This enables you to ask us to delete or remove personal data where there is no good reason for us continuing to process it. Note, however, that we may not always be able to comply with your request of erasure for specific legal reasons which will be notified to you, if applicable, at the time of your request. Use of any software for the purpose to cause serious negative impact on the performance of the company servers and that could prevent the achievement of the best possible result for the clients as regards the execution of their orders.
This is more involved than churning because the orders are actually fulfilled. When there is a 30% of trading volume’s holding time is less than 5 minutes. In this regard and in order to protect the interests of the majority of customers, the company does not accept any abnormal trades. We shall use our reasonable endeavours to execute any order promptly, but in accepting your orders we do not represent or warrant that it will be possible to execute such order or that execution will be possible according to your instructions. If we encounter any material difficulty relevant to the proper carrying out of an order on your behalf we shall not if you promptly.
If you request a withdrawal of monies from your Account and we cannot comply with it without closings some part of your open positions, we will not comply with the request until you have closed sufficient positions to allow you to make the withdrawal. In order to process your withdrawal request please ensure that the funds remaining on your account following your withdrawal is at least twice of your used margin. If you haven’t met the necessary, bonus trading requirements at the time you make a withdrawal request the bonus will be debited from your trading account. Withdrawals will only be made on request by you, by bank transfer to an account in your name or such other method as we, in our absolute discretion, may determine. The Company’s objective is to provide the most efficient trading liquidity available in the form of streaming tradable prices for most of the financial instruments we offer on the trading platform. As a result of the highly automated nature of the delivery of these streaming, tradable prices, you acknowledge and accept that price misquotations are likely to occur from time to time.
It’s available in several different languages and provides access to all of the major trading assets. With Lirunex broker, clients get an automated trading system as well, which we would advise you to avoid. A demo account is offered by broker companies and funded with virtual money that enables a prospective customer to experiment with the company’s trading platforms and its features, before setting up a real account funded with the customer’s actual money. The minimum deposit for a Standard Account is 200 USD, while the other accounts require higher minimum deposits but offer traders better conditions for trading. I also like the MAM/PAMM accounts for traditional retail account management. Lirunex supports skilled traders and portfolio managers to build an asset management business using the Lirunex infrastructure.
- Also, we can include this information in our scam broker reviews so we can warn others.
- A portfolio management investment service is offered and ideal for clients with less trading experience and those that do not have enough time to invest themselves.
- Therefore, it can be almost as bad as working with a broker with no license.
- Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions.
- In addition, the Company will not be liable for loss suffered by you in connection to your funds held by us, unless such loss directly arises from our gross negligence, willful default or fraud.
Lirunex was established to provide professional brokerage services to clients and is licensed and supervised by the Cyprus Securities and Exchange Commission . It is available as a desktop client, a web-based alternative, Hedge and a mobile app. MT4 maintains its leadership position as the most trusted Forex trading platform but requires upgrades. They are ideal for testing and bug fixing EAs or for testing new trading strategies.
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The name on the document (e.g. utility xxxx), full address and name of the company issuing the document should all be clearly visible. If someone without permission made a purchase on your account or used your payment method, and the fact of fraud was established. We may require you to limit the number of open positions which you may have with us at any time and we may in our sole discretion close out any one or more Transactions in order to ensure that such position limits are maintained. Wash trade- the manipulator sells and repurchases the same or substantially the same security for the purpose of generating activity and increasing the price.
Apart from its rewarding and excellent features, MT4 is the most commonly used network with a fantastic number of executions performed daily. The platform is available via different versions suitable for use on a PC, MAC or through a smartphone and tablet. In simple terms, this means that forex broker definition the broker works transparently and is continuously monitored by the regulator. Therefore, trading with a controlled broker gives you safe trading conditions, while your money is safe and secure. This trading platform supports MT4 for desktop and both Android and iOS mobile devices.
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If you have lost money with Lirunex, any other broker or simply want to find out more about another broker, speak to our experts. We advise clients and can help them file a persuasive claim against scam brokers. With investigative reports and guidance, we can help you on the way to retrieving your funds. Lirunex provides superior trading services to traders all over the world… If you do decide to sign up at Lurinex , the Lurinex MT4 will be your main trading software to use.
Yet we pointed out that the trading software, MetaTrader 4, is a decent offering to the client. The minimum bid/ask spread can go as low as 0 pip, which means the broker says no to the only sturdy source of income, considering the fact that it also avoids commissions or charges very low fees. We would rather do business with a broker that says it charges a decent amount of spreads, instead of taxing you with hidden tipsrank – and possibly shady – commissions. Now, if the broker really features the CySEC license, we’d be more than content to deem it a trustworthy service provider. Cyprus is one of the most stringent financial regulators on the market and it makes all of its subjects abide by the EU standards. Now, all our talk about whether the Lirunex scam is real or not is futile if we don’t examine the broker’s license.
We allow joint trading accounts, provided that these are held jointly by persons who are pre- approved by us in writing. All payments to us under this Agreement shall be made in such currency as we may from time to time specify to the bank account designated by us octafx handelsplattform for such purposes. All such payments shall be made by you without any deduction or withholding. We have come to the conclusion that prospective traders should be wary of all the LIRUNEX alerts and LIRUNEX warnings, and should choose a legitimate broker instead.
The same can be said about payment methods – the broker limits you with only bank transfers. Lirunex offers numerous FX pairs for trading, CFDs for metals, commodities and other instruments, all provided with instant STP order execution. Therefore, Lirunex regulation comes from CySEC, and here we have nothing bad to say.
I caution that no demo account can replicate live trading conditions, as it omits trading psychology. Therefore, they are great for testing and fixing but not as an educational tool. The LX Pro account features highly competitive trading costs but requires a minimum deposit of $10,000. Lirunex offers dynamic maximum leverage, lowering the total based on the account balance , assisting proper risk management. Also, together with extensive conditions for professionals or active traders, beginning traders are very welcomed since Lirunex provides learning courses and supports with data analysis or strategy guides. 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.
Also, you can see below some examples of the highest spreads available in the Standard account below. Lirunex training materials are sincerely recommended for your consideration, as experience is always a must in trading, so you better keep yourself up-to-date. In addition, Lirunex MT4 is filled with robust tools and features that will improve the strategy and provide better exposure, either at the beginning level or with a super-comprehensive approach for professionals. There is no limitation on EAs, recognized autonomous robots that can be programmed in case you have the expertise, or they can be simply picked from the marketplace. The broker made it possible for the offshore office to cover global exposure, if it were located only in the offshore zone then we would not recommend Lirunex. But along with its European set of operating requirements backed by oversight by CySEC, Lirunex was deemed a secure broker.
Reason #3 To Stay Away From Lirunex Data Theft
Forex trading, also called currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates. From Monday to Friday withdrawals are processed in the first 24 hours after a withdrawal request has been submitted. Funds must be returned to your account using world currencies the same method in which you used to deposit them. Leverage, in the highly competitive world of forex trading, can either work for or against a trader. Tell our team and traders worldwide about your experience in our User Reviews tab. I also recommend checking the costs from the payment processor to the bank account unless a debit card is available.
Trading-scam.com specializes in investigating brokers, evaluating them, and guiding our clients towards the best choices. If you have lost money with Lirunex consult with our experts and we can do a full investigation and can help you put together a claim that will make it easier to retrieve your funds. Consult with btc-scam.com today if you are unsure about LIRUNEX , have suffered from an LIRUNEX scam, and wish to report them. We have the tools and experience to return your money to you and keep you safe from scam brokers.
Lirunex’s MT4 is loaded with tools and features to enhance traders’ strategy and bring better exposure, for traders on the beginning level as well as for professionals. It has no restriction on EAs that may be programmed or selected from the marketplace. The decision about which platform to choose will depend on what a client would like to trade, therefore it will be one of the criteria when choosing a broker too. The cost of trading depends on different factors like commissions, spreads, and margins. In the world of forex broker companies being honored with awards from esteemed organizations or publications, count much for the company’s reputation.