What is Liirat？
Liirat is an online forex brokerage firm that provides trading services through two widely used platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are accessible on various devices, including Android OS, iPhone/iPad, and Mac OS. Liirat offers a diverse range of trading opportunities across multiple markets, including Metals, Forex, Energy, Indices, Stocks, and Crypto.
Pros and Cons
Pros
Diverse Range of Trading Opportunities: Liirat offers a wide variety of trading options across multiple markets, including Metals, Forex, Energy, Indices, Stocks, Crypto. This allows traders to diversify their portfolios and explore different investment opportunities.
Availability of MT4 and MT5: The brokerage provides access to popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are widely used and offer advanced features and tools for traders to execute their strategies effectively.
Multiple Customer Support Channels: The company provides various customer support channels, including online contact form, phone and email, enabling traders to seek assistance or resolve issues promptly.
Cons
No regulation: Liirat is not regulated by any financial authority, which may raise concerns about the safety and security of clients' funds and the integrity of the trading environment.
Restricted Client Base: Liirat does not accept clients from certain countries, including the United States of America, Canada, Israel, and the Islamic Republic of Iran, limiting its accessibility to potential traders.
Limited Information on Leverage and Deposit Requirements: The broker does not provide comprehensive information regarding maximum leverage and minimum deposit requirements, which could be important factors for traders in determining their trading strategy and risk management.
Insufficient Educational Resources: Liirat lacks adequate educational materials and resources to support traders in enhancing their knowledge and skills. This may hinder the learning and development process for clients seeking to improve their trading proficiency.
Is Liirat Safe or Scam？
Liirat operates without regulation, which raises concerns about its safety and legitimacy as a brokerage. Regulation is a critical aspect of the financial industry as it ensures that brokers comply with specific standards and safeguards to protect clients' funds and maintain fair trading practices.
Market Instruments
Liirat offers a range of market instruments for the trading preferences of its users. These include Metals, Forex, Energy, Index, Stocks, and Crypto.
Metals: Traders can trade precious metals such as gold, silver, platinum, and palladium, providing opportunities to diversify their portfolios and hedge against market volatility.
Forex: Liirat offers a wide selection of currency pairs for forex trading, allowing users to speculate on the fluctuations in exchange rates between different currencies.
Energy: The platform provides access to energy commodities such as crude oil and natural gas, enabling traders to take advantage of price movements in the energy markets.
Index: Users can trade on major stock indices from around the world, including the S&P 500, Dow Jones Industrial Average, FTSE 100, and more, providing exposure to the broader market.
Stocks: Liirat allows traders to invest in a variety of individual stocks from global exchanges, offering opportunities to capitalize on the performance of specific companies.
Crypto: The platform supports trading in popular cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple, giving users access to the rapidly growing digital asset market.
Trading Platforms
Liirat provides traders with cutting-edge trading platforms designed to enhance their trading experience:
MetaTrader 4 (MT4)
The MetaTrader 4 platform is a powerful and user-friendly trading system offered by Liirat. It allows traders to execute trades with precision and speed, implementing strategies of any complexity. With features such as market and pending orders, instant execution, and trading from charts, MT4 provides traders with the tools they need to navigate the financial markets efficiently.
MetaTrader 5 (MT5)
In addition to MT4, Liirat also offers the MetaTrader 5 platform, a versatile trading platform equipped with advanced features. MT5 provides traders with enhanced analytical tools, more timeframes, and additional technical indicators compared to its predecessor. With its multi-asset trading capabilities, including forex, stocks, and commodities, MT5 offers traders greater flexibility and opportunities in the financial markets.
Customer Support
Liirat ensures excellent customer support services to assist traders every step of the way. Traders can reach out to Liirat through the following contact information:
Saint Lucia Office:
Address: Ground Floor, The Sotheby Building, Rodney Village, Rodney Bay, Gros-Islet, Saint Lucia
Phone Number: +1 857-444-9388
E-mail Address: sales@liirat.com
Lebanon Office:
Address: Ground Floor, Elie Kahwaji Building, Saydet El Maghra Street, Awkar, Lebanon
Phone Number: +961 4 545231
E-mail Address: sales@liirat.com
You can also contact them directly via online contact form.
Conclusion
In summary, Liirat offers a variety of trading options and platforms, which is good. However, lack of transparency and investor protection can be concerning. While they provide multiple customer support channels, there's a risk of scams due to the absence of regulation.
FAQs
Q: What market instruments are available on Liirat？
A: Metals, Forex, Energy, Index, Stocks, and Crypto.
Q: Are there any regulated authorities overseeing Liirat's operations？
A: No, Liirat is not regulated by any financial authority.
Q: What are the trading platforms available on Liirat？
A: Liirat supports the popular trading platforms MT4 (MetaTrader 4) and MT5 (MetaTrader 5) for trading activities.
Q: Are there any regional restrictions for traders on Liirat？
A: Yes, Liirat does not accept clients from the United States of America, Canada, Israel, and the Islamic Republic of Iran.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
