Lirunex is a newly licensed broker by the Cyprus Securities and Exchange Commission (CySEC). Its website is still inactive, but as soon as it is launched, we will update the information in the present review.
A jurisdiction with a solid financial services sector, Cyprus is the preferred place of business of many forex and binary option brokers. Its MiFID-compliant regulatory framework allowing trans-European business activity is probably another factor that contributes to this sunny island’s popularity among brokerages.
Forex brokers licensed in Cyprus must meet a set of rules. First of all, they are required to hold at least €730 000 and maintain it, to report to the Commission on a regular basis and to keep client funds in segregated accounts.
In addition, all Cypriot brokers are members of the Investor Compensation Fund, which may cover a maximum of 20,000 EUR per person in the event of broker insolvency.
Lirunex Review Conclusion
For more information about currency trading brokers visit TopForexBrokers.com forex brokers comparison website, Tip ForexSQ.com foreign exchange trading experts please by share this article about Lirunex Review.