All our Clients’ funds are kept in segregated accounts in regulated EEA financial institutions. In addition, as a member of the Investor Compensation Fund (ICF), all eligible clients are covered with a maximum payable compensation 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.
Go to the Client Portal Login Page click on the ‘Forgot your Password?‘ link above the ‘Sign in’ button and follow the instructions on how reset your password. For further assistace, please contact our Client Support team.
We process all withdrawal requests within 24 hours on business days. The time necessary for the funds to reach your bank account depends on your bank’s policy. Bank withdrawals can take 3-7 working days to be seen on the client’s account. Credit/debit card withdrawals can take up to 8 working days to be seen on the client’s account.
Lirunex Limited’s policy is to process withdrawals via the same method that you used to deposit. Upon request, we can settle your withdrawal request in a different account after compliance/AML validation that the account belongs to you.
Yes, you can. However, at the moment of payment, your free margin must exceed the amount specified in the withdrawal instruction including all payment charges. Free margin is calculated as equity minus the necessary margin (which is required to maintain an open position). If you do not have sufficient free margin on your trading account, we will not carry out the withdrawal request until you submit a corrected withdrawal form and/or close the open positions on your account.
ESMA is an independent EU Authority that contributes to safeguarding the stability of the European Union’s financial system by enhancing the protection of investors and promoting stable and orderly financial markets.
ESMA has decided on restrictive measures in relation to marketing, distribution, or sale of CFDs to retail investors unless the following criteria are met:
• Leverage limits on the opening of a position by a retail client from 30:1 to 2:1, which vary according to the volatility of the underlying asset: – 30:1 for major currency pairs; – 20:1 for non-major currency pairs, gold and major equity indices; – 10:1 for commodities other than gold and non-major equity indices; – 5:1 for individual equities and any underlying not otherwise mentioned; – 2:1 for cryptocurrencies; • A 50% margin close-out rule on a per trading account basis; • A Negative Balance Protection on a per account to all Retail Clients; • A prohibition on benefits and incentivising trading; • A standardised risk warning.
A Professional Client can be either ’by default’ or ’elective’: • By default Professional Client: – A client required to be authorised or regulated to operate in the financial markets, including but not limited to credit institutions, investment firms and insurance companies • A large undertaking meeting of two of the following size requirements on a company basis: – A balance sheet total of 20,000,000 EUR or more; – A net turnover of 40,000,000 EUR or more; – Own funds of 2,000,000 EUR or more; • A national or regional government, including a public body that manages public debt, central banks, international or supranational institutions. • An institutional investor whose main activity is to invest in financial instruments. • A large undertaking, including a partnership, a body corporate or an unincorporated association, which meet the relevant criteria. • Elective Professional Client: A client must meet the requirements set by CySEC. – A client must pass a “Qualitative test”, where we must assess their knowledge, experience and expertise with reference to the nature of the transactions or services envisaged, to ensure that they are capable of making their own investment decisions. • A client must also complete a “Quantitative test” and satisfy 2 of the following criteria, where applicable: – The client has carried out transactions in significant size and averaged a frequency of over 10 trades per quarter on the relevant market over the previous 4 quarters; – The client has an investment portfolio and cash investments of over 500,000 EUR in value; – The client is employed or had been employed in the financial sector for over a year in a professional position that requires knowledge of the transactions or services envisaged.
• The negative balance protection limits the maximum losses that a retail investor could have. It is designed as a backstop for cases when margin close-out does not work effectively as a result of a very sudden price movement. • By introducing negative balance protection per account, the investor can never lose more than the total sum invested for trading CFDs. There can be no residual loss or obligation to provide additional funds beyond those in the investor’s CFD trading account.
No. Relevant qualifications alone will not guarantee that a client can become a Professional Client. The Company will perform a Fitness Test to identify whether or not the Client on request possesses the necessary qualifications in order to be re-classified as a Professional Client.
Our Retail Clients can enjoy the maximum protection available under CySEC Regulations. If you do not meet the minimum requirements to be re-classified as a Professional Client, then you will continue to be a Retail Client. Kindly note that you should NOT provide false or misleading information in order to qualify as a Professional Client.
As a Professional Client, you will not have the following protections provided to Retail Clients under CySEC Regulations: • Potential for higher leverage – You might be exposed to higher leverages that can amplify your losses. • Investors Compensation Fund (ICF) – Professional Clients under Lirunex Limited are not entitled to a compensation by the ICF. More information can be found in the Investor Compensation Fund Policy available on our website. • Professional clients waive the Client Money Rules.
Risk Warning: Contracts for Difference ("CFDs") are complex instruments and come with a high risk of losing money rapidly due to leverage. 96.15% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure.