Overall, LIRUNEX is considered low-risk, with an overall Trust Score of 89% out of 100. LIRUNEX is licensed by four Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). LIRUNEX offers four different retail trading accounts as well as Demo and Islamic accounts. LIRUNEX is currently not regulated by the CBK.
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.3/5
Min Deposit
25 USD / 3 007 KES
Regulators
CySEC
Trading Desk
MT4
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
LIRUNEX Review – 23 key points quick overview:
- ✅ LIRUNEX Overview
- ✅ LIRUNEX At a Glance
- ✅ LIRUNEX Regulation and Safety of Funds
- LIRUNEX Awards and Recognition
- LIRUNEX Account Types and Features
- How to open an Account with LIRUNEX in Kenya
- LIRUNEX Vs Exness Vs XM – Broker Comparison
- LIRUNEX Trading Platforms
- LIRUNEX Range of Markets
- Broker Comparison for Range of Markets
- LIRUNEX Trading and Non-Trading Fees
- LIRUNEX Deposits and Withdrawals
- How to Deposit Funds with LIRUNEX
- LIRUNEX Fund Withdrawal Process
- LIRUNEX Education and Research
- LIRUNEX Bonuses and Promotions
- How to open an Affiliate Account with LIRUNEX
- LIRUNEX Affiliate Program Features
- LIRUNEX Customer Support
- LIRUNEX Corporate Social Responsibility
- Verdict on LIRUNEX
- LIRUNEX Pros and Cons
- FAQ
LIRUNEX Overview
👉 Overall, LIRUNEX is considered low risk, with an overall Trust Score of 89 out of 100. LIRUNEX is licensed by zero Tier-1 Regulators (high trust), four Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). LIRUNEX offers four retail accounts namely LX-STANDARD, LX-ADVANCED, LX-PRIME, and LX-PRO.
👉 LIRUNEX is committed to contemporary technological standards and is governed by three of the world’s most prestigious financial jurisdictions.
👉 Customers may trade using MetaTrader 4, a popular trading platform for easy account access and management, with the assurance that they are doing business with a safe and secure organization.
👉 LIRUNEX is one of the most promising firms in the online trading industry since it works to adapt to its customers’ demands as they grow more complex and demanding, while never compromising on elements that might impact the trading experience of its clients.
👉 LIRUNEX accepts Kenyan clients and has an average spread from 0.0 pips with 4 USD commission. LIRUNEX has a maximum leverage ratio up to 1:1000 and there is a demo and Islamic account available.
👉 MT4, ZuluTrade, Chills Trading platforms, and LIRUNEX iOS/Android App are supported. LIRUNEX is headquartered in Cyprus and is regulated by the Republic of Maldives, LFSA, CySEC, BaFin, ACPR, and CNMV.
LIRUNEX Distribution of Traders
👉 The distribution of traders on LIRUNEX cannot presently be determined due to a lack of data.
👉 The Democratic Republic of Korea, Japan, the Occupied territory of Cyprus, the United States of America, Canada, Australia, Iraq, Iran, and Syria are among the countries that LIRUNEX does not welcome traders from.
Popularity among traders who choose LIRUNEX
👉 Despite not being a well-known broker, LIRUNEX is able to satisfy the demands and goals of numerous Kenyan traders, earning a spot among Kenya’s top 70 brokers.
LIRUNEX At a Glance
| 🏛 Headquartered | Cyprus |
| 🌇 Global Offices | Cyprus, Hong Kong, Malaysia, Singapore, Maldives |
| ⚖️ Local Market Regulator in Kenya | Capital Markets Authority (CMA) |
| 💰 Foreign Direct Investment in Kenya | 1.3% of the overall GDP |
| 💶 Foreign Exchange Reserves in Kenya | 8.2 billion USD |
| ✔️ Local office in Nairobi? | No |
| 👥 Governor of SEC in Kenya | None |
| ✔️ Accepts Kenyan Traders? | Yes |
| 🗓 Year Founded | 2016 |
| 📞 Kenyan Office Contact Number | None |
| 📱 Social Media Platforms | • Twitter • YouTube • Telegram • TikTok • Line |
| ⚖️ Regulation | CySEC, LFSA, ACPR, CNMV, BaFin, Republic of Maldives |
| 1️⃣ Tier-1 Licenses | None |
| 2️⃣ Tier-2 Licenses | • Cyprus Securities and Exchange Commission (CySEC) • Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) • Autorité de contrôle prudentiel et de résolution (ACPR) • Comisión Nacional del Mercado de Valores (CNMV) |
| 3️⃣ Tier-3 Licenses | • Labuan Financial Services Authority (LFSA) • The Republic of Maldives |
| 🪪 License Number | • Cyprus – 338/17 • Labuan – MB/20/0050 • Maldives (LIRUNEX Limited) – 102684 • Germany – 156748 • France – 83447 • Spain – 4829 |
| ⚖️ CMA Regulation | None |
| 🌇 Regional Restrictions | United States of America, Canada, Australia, Iraq, Iran, Syria, Democratic Republic of Korea, Japan, Occupied area of Cyprus |
| ☪️ Islamic Account | Yes, 2 Accounts |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 4 |
| ✔️ PAMM Accounts | Yes, PAMM and MAM |
| 💧 Liquidity Providers | Unknown |
| ✔️ Affiliate Program | Yes |
| ➡️ Order Execution | Market Execution |
| 📊 Starting spread | 0.0 pips |
| 💵 Minimum Commission per Trade | 4 USD |
| ✔️ Decimal Pricing | 5th decimal pricing |
| 📞 Margin Call | 50% |
| 🛑 Stop-Out | 25% |
| 💰 Minimum Trade Size | 0.01 lots |
| 💸 Maximum Trade Size | 20 Lots |
| ✔️ Crypto trading offered? | Yes, CFDs |
| 💸 Offers a KES Account? | No |
| ✔️ Dedicated Kenyan Account Manager? | No |
| 📈 Maximum Leverage | 1:1000 |
| 📊 Leverage Restrictions for Kenya? | No |
| 💵 Minimum Deposit (KES) | 2,900 KES (equal to 25 USD) |
| ✔️ Kenyan shilling Deposits Allowed? | No |
| 💻 Active Kenyan Trader Stats | 90,000+ |
| 👥 Active Kenyan-based LIRUNEX customers | Unknown |
| 🔄 Kenya Daily Forex Turnover | $100 million+ |
| 💳 Deposit and Withdrawal Options | • Local Transfer (South-East Asia) • Local Transfer (China) • 123 • Global Transfer • Credit/Debit Card • Tether (TRC20 and ERC20) • BitWallet • BitPay • ThunderXPay • Nganluong.vn • PayPal |
| 📈 Minimum Withdrawal Time | 24 hours |
| 📉 Maximum Estimated Withdrawal Time | 10 working days |
| 💰 Instant Deposits and Instant Withdrawals? | Instant Deposits |
| 💵 Segregated Accounts with Kenyan Banks? | No |
| 💻 Trading Platforms | • MetaTrader 4 • ZuluTrade • Chills Trading • LIRUNEX App |
| 📊 Tradable Assets | • Forex • Precious Metals • Commodities • Energies • Index CFDs • Crypto CFDs • Stock CFDs |
| ✔️ Offers USD/KES currency pair? | No |
| 📊 USD/KES Average Spread | No |
| ✔️ Offers Kenyan Stocks and CFDs | None |
| 🗣 Languages supported on the Website | English, Chinese Simplified, Chinese Traditional, Vietnamese, Thai, Japanese, Indonesian |
| 💬 Customer Support Languages | Multilingual |
| ✔️ Copy Trading Support | No |
| ⏰ Customer Service Hours | 24/5 |
| 🗣 Kenyan-based customer support? | No |
| ✅ Bonuses and Promotions for Kenyans | Yes |
| 📚 Education for Kenyan beginners | Yes |
| 📱 Proprietary trading software | Yes |
| ✔️ Most Successful Kenyan Trader | Patrick Mahinge (Net Worth – Private) |
| ✅ Is LIRUNEX a safe broker for Kenyans? | Yes |
| 💰 Rating for LIRUNEX Kenya | 8/10 |
| ✔️ Trust score for LIRUNEX Kenya | 89% |
| 👉 Open Account | 👉 Open Account |
LIRUNEX Regulation and Safety of Funds
LIRUNEX Regulation in Kenya
👉 The local market regulators in Kenya are as follows:
➡️ Capital Markets Authority (CMA)
👉 While LIRUNEX is regulated globally, the broker does not yet have local regulations or licenses in Kenya. However, despite this, LIRUNEX is a popular and trustworthy broker that accommodates Kenyan traders.
LIRUNEX Global Regulations
👉 LIRUNEX is well-regulated by several Tier-2, and Tier-3 market regulators, including:
➡️ LIRUNEX LIMITED (HE353862) is authorized to do business in Cyprus thanks to a license issued by the Cyprus Securities and Exchange Commission (CySEC) under reference: 338/17.
➡️ Under license number MB/20/0010 issued by the Labuan Financial Services Authority, LIRUNEX LIMITED (LL16130) is permitted to operate as a Labuan International Business and Financial Centre in Labuan.
➡️ LIRUNEX LIMITED (102684) is an International Business Corporation that was originally incorporated in the Republic of Marshall Islands and subsequently re-registered in the Republic of the Maldives per the Companies Act of the Republic of Maldives (Law No.: 10/96) to offer its Forex trading platform services to residents of that country under certificate No. FC00022020.
➡️ LIRUNEX LIMITED has a BaFin ID of 10156748 and a “BAK” number of 156748, indicating that it is properly registered and regulated by the German financial services watchdog.
➡️ LIRUNEX LIMITED is a company based in the United Kingdom that does business in France under the name Atlington Capital Management Limited, REGAFI number 78131, and is subject to regulation by the Autorité de contrôle prudentiel et de résolution (ACPR).
➡️ LIRUNEX LTD is in good standing with the Spanish regulator, the Comisión Nacional del Mercado de Valores (CNMV), as an Investment Services Company of the European Economic Area in Free Provision with registration number 4829.
LIRUNEX Client Fund Security and Safety Features
👉 All CySEC brokers, including LIRUNEX, provide their customers with clear terms and conditions and keep their money separate from the company’s. Clients are also protected by the compensation plan in the event of the company’s bankruptcy, as per CySEC regulations.
👉 Finally, as a European regulator, CySEC helps brokers like LIRUNEX comply with the standards imposed by ESMA and the MiFID legislation. In addition, LIRUNEX is operational via a cross-border license which provides lawful trading means to customers outside of the EEA zone and beyond.
LIRUNEX Awards and Recognition
👉 All the accolades that LIRUNEX has received during its many years in operation can be found on the broker’s official website. Some of its most recent awards include:
➡️ An awardee of World Business’s “Fastest-Growing Forex Broker in Asia” (2025). Financial Exchange (FX) businesses that have excelled in both global and domestic markets due to rapid expansion and superior service have been honoured by World Business Outlook.
➡️ Global Brands Magazine named them the “Fastest-Growing Forex Broker in the Asia Pacific” for 2021. The world’s most influential business and financial leaders are recognized by Global Brands Magazine.
➡️ Winner of Forex Daily Info’s Fastest-Growing Broker in the Asia-Pacific Region for 2021 award. Forex brokerages that provide exceptional service and show rapid market growth are recognized with Traders Awards.
➡️ Best Trading Services in Malaysia (2021) Traders Awards. To recognize the best forex brokerages that go beyond for their clientele, both new and seasoned traders alike, Traders Magazine presents its annual Traders Awards.
➡️ The Traders Awards Best Broker in the Philippines (2021) award. LIRUNEX was given the Traders Award because of the consistently high quality of the trading experience they provide via their many platforms and services.
LIRUNEX Account Types and Features
👉 LIRUNEX provides Kenyans with a choice between four diverse types of accounts. Kenyan traders will like the flexibility of their accounts, which can be used with a variety of trading strategies.
👉 In certain cases, brokers provide just one account type, which may have both positive and negative effects. This guarantees that everyone has access to the same capabilities, but it comes at the cost of limiting options.
👉 Which sort of account you choose will be determined by your needs. You will need to weigh the benefits of no commission against the advantages of tight spreads.
👉 Traders in Kenya should be aware that although the Cyprus website provides access to four accounts, only three are available on the Labuan website (the ADVANCED account is not included).
👉 The account types that Kenyans can choose from include:
➡️ LX-STANDARD
➡️ LX-ADVANCED
➡️ LX-PRIME
➡️ LX-PRO
| 💻 Live Account | 💵 Minimum Dep. | 📊 Average Spread | 💸 Commissions | 📈 Average Trading Cost |
| LX-STANDARD | 2,900 KES ($25) | 1.5 pips | None | 15 USD |
| LX-ADVANCED | 11,900 KES ($100) | 1 pip | None | 10 USD |
| LX-PRIME | 23,900 KES ($200) | 0.0 pips | 8 USD | 8 USD |
| LX-PRO | 1,190,000 KES ($10,000) | 0.0 pips | 4 USD | 4 USD |
LIRUNEX Live Trading Account Details
LX-STANDARD
👉 Beginner traders and anyone interested in trying out LIRUNEX’s service without risking any real money may open a demo account. No commissions are assessed on this account, but the spreads are greater.
| Account Feature | Information |
| 💵 Minimum Deposit | 2,900 KES ($25) |
| 💸 Account Currency Options | USD |
| 📊 Leverage (Max) per Instrument | • Major Forex Pairs – 1:1000 • Minor Forex Pairs – 1:1000 • Precious Metals – 1:1000 • Commodities – 1:100 • Index CFDs – 1:50 • Crypto CFDs – 1:5 • Stock CFDs – 1:20 |
| ⬇️ Minimum Trade Size | 0.01 lots |
| ⬆️ Maximum Trade Size | 20 lots |
| 💰 Commission Charges | None, only the spread is charged |
| 📈 Average Spreads | 1.5 pips |
| 📊 Range of Markets | • Forex Majors – 30 • Forex Minors – 10 • Precious Metals – 2 • Commodities – 2 • Index CFDs – 11 • Crypto CFDs – 6 • Stock CFDs – 48 |
| 🔄 Order Execution | Market Execution (STP, NDD) |
| 📞 Margin Call (%) | 50% |
| 🛑 Stop-Out Level | 20% |
| ✅ Scalping Allowed? | Yes |
| ✔️ Hedging Allowed? | Yes |
LX-ADVANCED
👉 Trading pros and those willing to take on more financial risk in search of greater reward might consider upgrading to a Pro account. This account is also commission-free, but the spreads are much tighter.
| Account Feature | Information |
| 💵 Minimum Deposit | 11,900 KES or equivalent to 100 USD |
| 💸 Account Currency Options | USD |
| 📊 Leverage (Max) per Instrument | • Major Forex Pairs – 1:1000 • Minor Forex Pairs – 1:1000 • Precious Metals – 1:1000 • Commodities – 1:100 • Index CFDs – 1:50 • Crypto CFDs – 1:5 • Stock CFDs – 1:20 |
| ⬇️ Minimum Trade Size | 0.01 lots |
| ⬆️ Maximum Trade Size | 20 lots |
| 💰 Commission Charges | None, only the spread is charged |
| 📈 Average Spreads | 1 pip |
| 📊 Range of Markets | • Forex Majors – 30 • Forex Minors – 10 • Precious Metals – 2 • Commodities – 2 • Index CFDs – 11 • Crypto CFDs – 6 • Stock CFDs – 48 |
| 🔄 Order Execution | Market Execution (STP, NDD) |
| 📞 Margin Call (%) | 50% |
| 🛑 Stop-Out Level | 20% |
| ✅ Scalping Allowed? | Yes |
| ✔️ Hedging Allowed? | Yes |
LX-PRIME
👉 For professional traders who rely on low spreads for scalping and automated trading, this account is ideal.
| Account Feature | Information |
| 💵 Minimum Deposit | 23,900 KES or equivalent to 200 USD |
| 💸 Account Currency Options | USD |
| 📊 Leverage (Max) per Instrument | • Major Forex Pairs – 1:1000 • Minor Forex Pairs – 1:1000 • Precious Metals – 1:1000 • Commodities – 1:100 • Index CFDs – 1:50 • Crypto CFDs – 1:5 • Stock CFDs – 1:20 |
| ⬇️ Minimum Trade Size | 0.01 lots |
| ⬆️ Maximum Trade Size | 20 lots |
| 💰 Commission Charges | 8 USD per lot traded (100,000 base currency units) |
| 📈 Average Spreads | 0.0 pips |
| 📊 Range of Markets | • Forex Majors – 30 • Forex Minors – 10 • Precious Metals – 2 • Commodities – 2 • Index CFDs – 11 • Crypto CFDs – 6 • Stock CFDs – 48 |
| 🔄 Order Execution | Market Execution (STP, NDD) |
| 📞 Margin Call (%) | 50% |
| 🛑 Stop-Out Level | 20% |
| ✅ Scalping Allowed? | Yes |
| ✔️ Hedging Allowed? | Yes |
LX-PRO
👉 Those who trade often and in significant amounts across many markets and want low fees and narrow spreads should open a Professional Account.
| Account Feature | Information |
| 💵 Minimum Deposit | 1,190,000 KES or an equivalent to 10,000 USD |
| 💸 Account Currency Options | USD |
| 📊 Leverage (Max) per Instrument | • Major Forex Pairs – 1:1000 • Minor Forex Pairs – 1:1000 • Precious Metals – 1:1000 • Commodities – 1:100 • Index CFDs – 1:50 • Crypto CFDs – 1:5 • Stock CFDs – 1:20 |
| ⬇️ Minimum Trade Size | 0.01 lots |
| ⬆️ Maximum Trade Size | 20 lots |
| 💰 Commission Charges | 4 USD per lot traded (100,000 base currency units) |
| 📈 Average Spreads | 0.0 pips |
| 📊 Range of Markets | • Forex Majors – 30 • Forex Minors – 10 • Precious Metals – 2 • Commodities – 2 • Index CFDs – 11 • Crypto CFDs – 6 • Stock CFDs – 48 |
| 🔄 Order Execution | Market Execution (STP, NDD) |
| 📞 Margin Call (%) | 50% |
| 🛑 Stop-Out Level | 20% |
| ✅ Scalping Allowed? | Yes |
| ✔️ Hedging Allowed? | Yes |
LIRUNEX Base Account Currencies
👉 LIRUNEX is a broker established in Cyprus that caters to the requirements of traders all over the world. LIRUNEX, on the other hand, only provides support for the US Dollar (USD) as a base currency option. The platform does not provide support for any other currencies.
👉 This does not bode well for Kenyan traders as it subjects them to currency conversion fees, especially when they deposit/withdraw funds and these must be converted to USD at the exchange rate on the day that they transact.
LIRUNEX Demo Account
👉 A demo or practice account is made available so that users may get some hands-on experience.
👉 Utilizing the platforms provided by LIRUNEX and putting their services to the test, Kenyans can determine whether they meet their requirements. This is one of the best methods that might prove to be beneficial while practising trading online.
👉 Traders could establish an unlimited number of demo accounts using the LIRUNEX MT4 platform. They are ideal for putting fresh trading strategies to the test as well as testing and debugging automated trading programs such as Expert Advisors (EAs).
👉 Attributable to the absence of a trading mindset, demo accounts can in no way replicate the conditions of real-world trading. Subsequently, they are great for testing and fixing, but they are not suitable for teaching in any way.
LIRUNEX Islamic Account
👉 Kenyans who are not permitted to receive swaps or rollover interest on overnight holdings are the target audience for the Swap-Free account offered by LIRUNEX. This account is also widely referred to as an “Islamic account.”
👉 It functions according to Islamic religious beliefs, and it enables Muslim consumers to join without breaking any of the restrictions that govern their religion. LIRUNEX enables customers to create an Islamic account inside one of its two primary account types.
👉 This swap-free trading account is available to traders in Kenya who consider themselves to be Muslims. Interested Kenyans may choose to sign up for either a STANDARD or a PRIME Account, then contact customer service to get their Islamic account validated.
How to open an Account with LIRUNEX in Kenya
➡️Go to the LIRUNEX official website and click the “Create an Account” link at the top of the page.
➡️ A registration form for the LIRUNEX Trader’s Room will load on a new page.
➡️ Traders may choose the kind of their account (individual or corporate), provide a username, choose a title, and enter their First and Last Name in the mandatory boxes (denoted by an asterisk *). A user-selected password and an email address are additional requirements for traders.
➡️ Before checking the boxes to accept the Terms and Conditions, Privacy Policy, and Risk Disclosure Document, Kenyans must choose their country of residence, provide their cellphone number, and complete the captcha. Traders can then choose whether they want to be notified of any promotions and must verify that they are at least 18 years of age or older to be included on this list.
➡️ Lastly, before clicking “Sign up,” Kenyans must accept the Privacy and Data Collection policy (optional).
➡️ After successfully registering for the Trader’s Room, Kenyan traders will get a notification. From this point, they may start the Onboarding procedure by clicking the link in the pop-up window on their screen.
➡️ Kenyans must then complete the application form and provide all pertinent details, including their date of birth, job history, financial background, and funding sources.
➡️ After applying, the applicant must upload the necessary papers to verify their identification and residency.
➡️ The broker will evaluate the application when LIRUNEX receives the necessary supporting evidence, and the application will then be granted or denied, as necessary.
➡️ After approval, Kenyans can add money to their trading accounts, and begin trading.
LIRUNEX Vs Exness Vs XM – Broker Comparison
| LIRUNEX | Exness | XM | |
| ⚖️ Regulation | CySEC, LFSA, ACPR, CNMV, BaFin, Republic of Maldives | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA | FSCA, IFSC, ASIC, CySEC, DFSA |
| 📱 Trading Platform | • MetaTrader 4 • ZuluTrade • Chills Trading • LIRUNEX App | • MetaTrader 4 • MetaTrader 5 • Exness App • Exness Terminal | • MetaTrader 4 • MetaTrader 5 • XM Mobile App |
| 💰 Minimum Deposit | 2,900 KES ($25) | 1,100 KES ($10) | 590 KES ($5) |
| 📈 Leverage | 1:1000 | Unlimited | 1:888 |
| 📊 Spread | Variable, 0.0 pips | Variable, from 0.0 pips | 0.0 pips |
| 💰 Commissions | $4 to $8 | From $0.1 per side, per lot | $1 to $9 |
| 💳 Margin Call/Stop-Out | 50%/25% | 60%/0% | • 50%/20%, • 100%/50% (EU) |
| ✴️ Order Execution | Market | Market | Market, Instant |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Account Types | • LX-STANDARD • LX-ADVANCED • LX-PRIME • LX-PRO | • Standard Account • Standard Cent Account • Raw Spread Account • Zero Account • Pro Account | • Micro Account • Standard Account • XM Ultra-Low Account • Shares Account |
| ⚖️ CBN Regulation | No | No | No |
| 💰 KES Deposits | No | Yes | Yes |
| 📊 Kenyan Shilling Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/7 | 24/5 |
| 📊 Retail Investor Accounts | 4 | 5 | 4 |
| ☪️ Islamic Account | Yes, 2 | Yes | Yes |
LIRUNEX Trading Platforms
👉 LIRUNEX offers Kenyan Traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ ZuluTrade
➡️ Chills Trading
➡️ LIRUNEX App
Desktop Platforms
➡️ MetaTrader 4
👉 Whether you are just starting your forex journey or are an experienced trader, LIRUNEX MT4 has all the tools and features you need to improve your trading strategy and get more exposure, no matter what level you are on.
👉 Additionally, there is no limitation on the use of EAs, which are well-known automated robots that can be programmed if the user has the necessary abilities or is simply chosen from the market.
WebTrader Platforms
➡️ MetaTrader 4
➡️ ZuluTrade
➡️ Chills Trading
MetaTrader 4
👉 The MT4 web-trading platform’s highly flexible user interface enables you to trade in a way that fits you the most. By adding various charts and periods to the site, you may effortlessly keep track of your chosen instruments.
ZuluTrade
👉 ZuluTrade is the most established and well-known social wealth management platform. It enables traders to imitate the trades of expert forex and financial market traders to attain a degree of automated trading.
👉 In addition, the social feature allows traders to provide comments and discuss ideas. On LIRUNEX’s ZuluTrade, you can see how other traders are ranked by Zulu Rank, which is a one-of-a-kind way to measure performance and keep track of transactions in real-time.
Chills Trading
👉 Chills Trading is an additional social trading platform that lets you see what other traders are doing and copy their trades.
Trading App
➡️ MetaTrader 4
➡️ LIRUNEX App
MetaTrader 4
👉 Kenyans have fast access to their trading profile, actions, and a broad selection of tools thanks to the availability of MT4 on all iOS and Android smartphones.
👉 Traders can maintain a commanding position in the markets and their trading thanks to the mobile app’s excellent charting features and in-depth analytical capabilities.
LIRUNEX App
👉 LIRUNEX maintains open lines of contact with market participants and is aware of the requirements of the trading community. Because of this, the broker built a reliable trading platform that made use of robust and innovative technology.
👉 LIRUNEX Trader gives users access to a wide variety of active mobile trading options. The LIRUNEX App offers traders professional forex trading signals, an interactive economic calendar, and a trading experience that is completely smooth from any location around the globe.
LIRUNEX Range of Markets
👉 Kenyan Traders can expect the following range of markets from LIRUNEX:
➡️ Forex
➡️ Precious Metals
➡️ Commodities
➡️ Energies
➡️ Index CFDs
➡️ Crypto CFDs
➡️ Stock CFDs
Financial Instruments and Leverage offered by LIRUNEX
| 🔧 Instrument | 📊 Number of Assets Offered | 📈 Max Leverage Offered |
| Forex | 30 | 1:1000 |
| Stock CFDs | 10 | 1:1000 |
| Commodity CFDs | 2 | 1:1000 |
| Precious Metals | 2 | 1:100 |
| Index CFDs | 11 | 1:50 |
| Cryptocurrency CFDs | 6 | 1:5 |
| ETFs | 48 | 1:20 |
Broker Comparison for Range of Markets
| LIRUNEX | Exness | XM | |
| Forex | Yes | Yes | Yes |
| Precious Metals | Yes | Yes | Yes |
| ETFs | No | No | No |
| CFDs | Yes | Yes | Yes |
| Indices | Yes | Yes | Yes |
| Stocks | Yes | Yes | Yes |
| Cryptocurrency | Yes | No | Yes |
| Options | No | No | No |
| Energies | Yes | Yes | Yes |
| Bonds | No | No | No |
LIRUNEX Trading and Non-Trading Fees
Spreads
👉 LIRUNEX has established four account kinds that will unquestionably meet the requirements of each trader, regardless of their trading volume or market exposure.
👉 LIRUNEX’s fees on the STANDARD and ADVANCED Accounts are included in the spread, which means that these accounts are commission-free.
👉 LIRUNEX charges competitive spreads as follows according to the account type on EUR/USD:
➡️ LX-STANDARD – 1.5 pips
➡️ LX-ADVANCED – 1 pip
➡️ LX-PRIME – 0.0 pips
➡️ LX-PRO – 0.0 pips
👉 In addition, apart from EUR/USD, which is the most popular instrument that often has the lowest fees, Kenyans can expect these typical spreads according to the financial instrument they trade and the account they use to participate in financial markets:
| 🔧 Financial Instrument | 💻 LX-STANDARD | 💵 LX-ADVANCED | 💰 LX-PRIME | 💸 LX-PRO |
| Gold | 3 pips | 2.7 pips | 0.0 pips | 0.0 pips |
| Silver | 1.3 pips | 2.6 pips | 0.5 pips | 0.5 pips |
| Brent Oil | 6.0 pips | 4.5 pips | 0.5 pips | 0.5 pips |
| Crude Oil | 6.0 pips | 4.5 pips | 0.5 pips | 0.5 pips |
| NASDAQ | 1.6 pips | 1.4 pips | 0.4 pips | 0.4 pips |
| BTC/USD | 20 pips | 18 pips | 4 pips | 4 pips |
| Stock CFDs | 10 pips | 8 pips | 0.5 pips | 0.5 pips |
Commissions
👉 LIRUNEX provides two commission-free accounts in which the sole trading expense is the spread. Nonetheless, two account categories incur charges to pay the broker’s fee: the PRIME and PRO Accounts, which provide narrow spreads beginning at 0 pips.
👉 Traders from Kenya using these accounts could anticipate commissions of 4 USD for the PRO Account and 8 USD for the PRIME Account.
Overnight Fees, Rollovers, or Swaps
👉 The costs and swaps that will be imposed on overnight positions may be found on the MT4 trading platform, which is why LIRUNEX does not display any overnight fee schedule of its own. Instead, it leads traders to that platform so that they can see such fees and swaps.
Deposit and Withdrawal Fees
👉 The official LIRUNEX website indicates that variable deposit fees are levied on NganLuong.vn and PayPal. However, the official website does not disclose any information on these amounts.
👉 When it comes to withdrawals, LIRUNEX levies a withdrawal fee of 35 US Dollars on Global Transfer in addition to costs that vary depending on whether you use NganLuong.vn or PayPal.
Inactivity Fees
👉 Unlike other forex and CFD brokers who often charge fees on dormant trading accounts, LIRUNEX does not charge any inactivity fees.
Currency Conversion Fees
👉 Currency conversion fees are typical with most forex and CFD brokers and LIRUNEX is no exception to this. If Kenyan traders make deposits in currencies other than the base currency of the account, which is USD in this example, they should anticipate having to pay currency conversion costs when making deposits and when withdrawing cash.
Overall Rating
- 4.3/5
Min Deposit
25 USD / 3 007 KES
Regulators
CySEC
Trading Desk
MT4
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
LIRUNEX Deposits and Withdrawals
👉 LIRUNEX offers the following deposit and withdrawal methods:
➡️ Local Transfer (South-East Asia)
➡️ Local Transfer (China)
➡️ 123
➡️ Global Transfer
➡️ Credit/Debit Card
➡️ Tether (TRC20 and ERC20)
➡️ BitWallet
➡️ BitPay
➡️ ThunderXPay
➡️ vn
➡️ PayPal
Broker Comparison: Deposit and Withdrawals
| 🥇 LIRUNEX | 🥈 Exness | 🥉 XM | |
| Minimum Withdrawal Time | 24 hours | Instant | 1 working day |
| Maximum Estimated Withdrawal Time | 10 working days | Up to 72 hours | 5 working days |
| Instant Deposits and Instant Withdrawals? | Instant Deposits | Yes | Yes, deposits |
LIRUNEX Supported Currencies, Deposit Processing, Withdrawal Processing
| 💻 Payment Method | 💵 Supported Currencies | 📈 Deposit Processing | 📉 Max Withdrawal |
| Local Transfer (South-East Asia) | MYR, THB, IDR, VND, SGD | Instant | 1 to 2 working days |
| Local Transfer (China) | RMB | Instant | 1 to 2 working days |
| 123 | MYR, THB, IDR | 24 hours | 3 to 5 working days |
| Global Transfer | USD | 3 to 5 working days | 3 to 5 working days |
| Credit/Debit Card | USD | 24 hours | 7 to 10 working days |
| Tether (TRC20 and ERC20) | USD | 24 hours | 24 hours |
| BitWallet | JPY, USD, EUR, AUD | 24 hours | 24 hours |
| BitPay | USD | 24 hours | 24 hours |
| ThunderXPay | LAK, MMK, KHR, THB | Instant | 1 to 2 working days |
| Nganluong.vn | USD | 24 hours | 24 hours |
| PayPal | USD | 24 hours | 24 hours |
How to Deposit Funds with LIRUNEX
👉 To deposit funds to an account with LIRUNEX, Kenyan Traders can follow these steps:
➡️ Registered and verified Kenyan traders can deposit funds by logging into their Trader’s Room and selecting the option to do so.
➡️ Kenyan traders can now choose their preferred deposit method, input the amount of money they want to deposit and continue by following the instructions shown on the screen.
LIRUNEX Fund Withdrawal Process
👉 To withdraw funds from an account with LIRUNEX, Kenyan Traders can follow these steps:
➡️ After logging into their Trader’s Room, Traders may choose the option to Withdraw Funds from the menu that appears.
➡️ Kenyan traders could pick the withdrawal method of their choice, the account from which they want to make the withdrawal, as well as the amount to be withdrawn.
➡️ Kenyan traders can submit their withdrawal request after the form has been completed in its entirety, and the request will be handled as soon as it is received.
➡️ Traders need to be aware that to withdraw funds, they must utilize the same payment method that they used to make their first deposit.
LIRUNEX Education and Research
Education
👉 You may improve your trading knowledge and stay up to date with the latest developments in the financial markets by using the many educational resources that are provided on the website of LIRUNEX.
👉 These learning resources contain a variety of different components, including:
➡️ Learning Articles
➡️ Trading Guides
➡️ Market Analysis
➡️ Forex Webinars/Course
➡️ Tutorials
➡️ A section devoted to Frequently Asked Questions
➡️ Market News, and more.
Research and Trading Tool Comparison
| 🥇 LIRUNEX | 🥈 Exness | 🥉 XM | |
| Economic Calendar | Yes | Yes | Yes |
| VPS | Yes | Yes | Yes |
| AutoChartist | No | No | No |
| Trading View | No | Yes | No |
| Trading Central | No | Yes | No |
| Market Analysis | Yes | Yes | Yes |
| News Feed | Yes | Yes | Yes |
| Blog | Yes | Yes | Yes |
LIRUNEX Bonuses and Promotions
👉 LIRUNEX has frequent bonuses and promotions that are available for a certain time. The active bonuses and promotions are as follows:
➡️ 50% Deposit Bonus of up to 10,000 USD.
➡️ 30% Trading Bonus of up to 600 USD.
➡️ IB Reward Programme when Kenyans register for the programme, allowing them to earn from their networks’ trading activities.
Overall Rating
- 4.3/5
Min Deposit
25 USD / 3 007 KES
Regulators
CySEC
Trading Desk
MT4
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
How to open an Affiliate Account with LIRUNEX
👉 Kenyans can sign up with LIRUNEX’s extensive Introducing Broker Program by doing the following:
➡️ Click “Introducing Broker” under the “Partnerships” heading on the website.
➡️ Scroll down to the registration form, where you must fill out your name, registration email, and cellphone number.
➡️ Within a few business days of receiving the information, a consultant will contact you to go over your application and provide you with more instructions.
LIRUNEX Affiliate Program Features
👉 LIRUNEX’s Introducing Broker (IB) Program aims to reach people all over the globe. LIRUNEX wants IB to be around for the long haul, so they provide excellent income plans, a multi-tier affiliate monitoring system, and other things.
👉 You will get thorough marketing assistance, no-cost marketing materials, quick on-demand support from a dedicated department, and more if you choose to become a LIRUNEX IB.
👉 The following are some advantages of the LIRUNEX IB Program:
➡️ IB Solutions is an all-inclusive bundle that has every element required to guarantee profitable trading activity.
➡️ IBs can safely rely on LIRUNEX to provide competitive market conditions that can be utilised to attract new clients.
➡️ LIRUNEX’s multi-tiered IB tracking system can provide you with an advantage over the competition.
➡️ LIRUNEX’s daily payment system will always be there to suit your demands.
➡️ Through LIRUNEX, IB clients have access to the most affordable spreads accessible.
➡️ Using the advanced software provided with the IB program, IBs may keep an eye on the actions of their customers.
➡️ There are no up-front expenses associated with being an Introducing Broker with LIRUNEX Limited.
➡️ IBs could easily increase conversion rates by using the free marketing resources offered by LIRUNEX. Subsequently, IBs can create appealing ads, drive more people to their websites, and grow their IB companies.
➡️ LIRUNEX’s advanced reporting system enables IBs to keep an eye on referral commissions in real-time.
LIRUNEX Customer Support
👉 LIRUNEX offers industry-standard customer support that is available during market hours, 24/5. There are several communication channels that Kenyans can use to contact the broker including social media, email, online requests, telephone, and live chat.
👉 In addition, LIRUNEX has highly-rated customer support that responds quickly and offers helpful solutions and advice where traders might need it.
| 👥 Customer Support | 📞 LIRUNEX Customer Support |
| Operating Hours | 24/5 |
| Support Languages | Multilingual |
| Live Chat | Yes |
| Email Address | Yes |
| Telephonic Support | Yes |
| Local Support in Kenya? | No |
| The overall quality of LIRUNEX Support | 4/5 |
LIRUNEX Corporate Social Responsibility
👉 LIRUNEX’s website does not currently indicate whether the broker is involved in any Corporate Social Responsibility initiatives or projects.
Verdict on LIRUNEX
👉 Through continual development, LIRUNEX is recognized to preserve customer loyalty and deliver professional trading services. This organization works via its office in Cyprus per all applicable safety and compliance requirements.
👉 LIRUNEX is a secure and licensed broker, which means that investing with LIRUNEX protects the safety and security of your cash. LIRUNEX is a reliable broker for retail traders wishing to purchase and sell a variety of financial products.
👉 Using the straightforward and user-friendly MT4 trading interfaces for web, desktop, and mobile, you may trade with minimum effort. Kenyan traders would appreciate the mobile app that simplifies market analysis and trading on the move.
👉 LIRUNEX offers all the necessary conditions for the success of its traders, including a variety of account types, a range of trading tools and resources, and flexible terms.
LIRUNEX Pros and Cons
| ✔️ PROS | ❌ CONS |
| LIRUNEX has a decent minimum deposit and offers reasonable leverage | There is a limited selection of tradable instruments |
| There are no rollover fees charged on Gold, Silver, or Platinum accounts | There is no choice between trading platforms and MT4 is the only one offered for desktop and web |
| The broker offers managed accounts that are ideal for retail account management | Kenyan traders can only register an account denominated in USD |
| There are three comprehensive and lucrative bonuses offered to Kenyans | |
| There is an Islamic Account option offered and a free demo account | |
| LIRUNEX offers the powerful and popular MT4 across web interfaces, desktop, and mobile devices | |
| Educational materials are available for beginner traders | |
| LIRUNEX is multi-regulated in several regions |
FAQ
Is LIRUNEX regulated and by whom?
Yes, LIRUNEX is registered with and controlled by CySEC, LFSA, ACPR, CNMV, BaFin, and the Republic of the Maldives in several sectors.
How long will my withdrawal from LIRUNEX take?
Depending on the method you use, withdrawals might take anywhere between 24 hours and 10 days.
Does LIRUNEX have NASDAQ?
Yes, LIRUNEX provides Kenyan traders with access to the US Nasdaq 100 Index, with spreads ranging from 0.4 pips (PRO) to 1.4 pips (STANDARD).
Does LIRUNEX have VIX 75?
No, LIRUNEX does not provide access to the Volatility 75 Index, but eleven other prominent indices are available.
Does LIRUNEX have a sign-up bonus?
No, LIRUNEX does not currently have a sign-up bonus but offers a deposit bonus, trading bonus, and IB programme.
What is the minimum deposit for LIRUNEX?
The minimum deposit for LIRUNEX is 25 USD or 2,900 KES at the current exchange rate [2022/08/19].
Conclusion
👉 Now it is your turn to participate:
➡️ Do you have any prior experience with LIRUNEX?
➡️ What was the determining factor in your decision to engage with LIRUNEX?
➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
➡️ Have you experienced any issues with LIRUNEX such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
👉 Regardless, please share your thoughts in the comments below.
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