The security of the clients’ funds is always Lirunex priority.
Lirunex Limited is a Cyprus Investment Firm (CIF) Regulated by the Cyprus Securities and Exchange Commission (License No 338/17).
As a regulated Company, Lirunex strictly complies with all rules/and or regulations for safeguarding of client’s funds.
Lirunex keeps client funds in segregated bank account with reputable banks.
Lirunex offers to all retail clients Negative Balance Protection.
If your account slips into negative equity, Lirunex will set your account balance to zero. Therefore, you are secured of not losing more money than you have invested.
Lirunex Limited is an official member of the Investor Compensation Fund (ICF) of Cyprus.
The object of the ICF is to provide clients with compensation payments in case one of the fund members is unable to fulfil its obligations.
The Investor Compensation Fund (ICF) of Cyprus is a fund which provides insured clients of the companies registered with CySEC with compensation payments, if the companies aren’t able to pay compensations on their own.
In such cases, maximum payable compensation to each covered Client of the Company shall be equal to twenty thousand Euros (EUR 20,000), or 90% of the covered investor’s claim, whichever is lower, regardless of how many trading accounts the client has, their base currencies, and the place where the investment service is provided. In case the claimant disagrees with the amount of the compensation, he or she has the right to appeal to CySEC, justifying the sum of the compensation within ten days from receiving the relevant notification.
The Fund is obliged to compensate each claimant within three months of dispatching to CySEC the minutes with the specified sum of the compensation, if the sum is recognised as justifiable.Please see here for more details.