Lirunex further expands FX and CFD brokerage into China, Thailand, and Vietnam

Rick Steves

“Lirunex is devoted to empowering traders across APAC by offering them quality trading services along with financial market information to ensure that traders are making wise choices while accessing international financial markets.”

Lirunex has announced it is further expanding its reach across the APAC region as disposable income in the region grows, with a particular focus on China, Thailand, and Vietnam.

The online trading platform and brokerage, which caters to both experienced investors and newcomers to the trading scene, offers access to a wide range of assets, including forex, commodities, CFDs, equity indices, precious metals, and energies.

Lirunex recently launched LX Academy

Jack Fong, CEO of Lirunex, said: “Lirunex is devoted to empowering traders across APAC by offering them quality trading services along with financial market information to ensure that traders are making wise choices while accessing international financial markets. We are honored to be named Asia’s Best Forex Broker of 2023, and this achievement reinforces our dedication to delivering the best trading experience to our valued clients.”

As part of its efforts to grow its user base in the Asia Pacific and elsewhere, Lirunex recently launched LX Academy to provide traders of all experience levels with comprehensive and applicable trading knowledge. Insights into local trading market trends and conditions through a variety of courses, webinars, and other resources in various languages are made available for traders.

Lirunex allows a variety of trading methods, such as hedging and scalping, and offers a number of payment options.

The internationally licensed broker is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Labuan Financial Services Authority (LFSA), and the Republic of Maldives Ministry of Economy and Development (MED).

Lirunex Limited is incorporated and registered in the Marshall Islands as an International business corporation and registered in the Republic of Maldives under its companies act to operate a Forex platform.

According to Lirunex, the FX broker has reached trading volumes of USD 10 billion as it already serves more than 15,000 traders from across the globe, with investments worth USD 40 million traded weekly.

Lirunex bets in Dubai, the Philippines, Thailand, and Vietnam

Lirunex has recently participated in four regional exhibitions in Dubai, the Philippines, Thailand, and Vietnam as the CFD brokerage firm looks to further grow its business in the APAC and the Middle East.

Chief executive Jack Fong said Lurinex anticipates a 39% increase in trading volume in 2023 as the broker continuously introduces new features that enhance the overall trading experience.

The Maldives-based brokerage firm also secured the services of Waleed Salah, who joined the company in the role of its head of sales for the MENA region.

Read this next

Digital Assets

Binance tames up with Japan’s biggest lender to launch stablecoins

Binance Japan is planning to launch stablecoins denominated in the dollar, euro, and yen in Japan in 2024. The crypto exchange aims to introduce these tokens, and possibly more, through its partnership with Mitsubishi UFJ Financial Group’s trust banking arm.

Institutional FX

Spot FX volumes drop +10% at CLS in August 2023

Total daily traded volume submitted to CLS for settlement took a step back in August as the summer typical lull hit market activity. The metrics showed a weak performance in the group’s FX business as the Q3 got off to a calm end while no fresh events were able to whip up a market frenzy.

Digital Assets

Veteran iGaming Team Launch Crypto Casino Portal

CryptoCasinos.Casino launches as a premier destination for crypto gambling aficionados, offering in-depth reviews, comparisons, and resources to navigate the burgeoning world of cryptocurrency-based casinos seamlessly.

Digital Assets

Xsolla Announces Acquisition of AcceleratXR, A Multi-Player Platform For Games

Xsolla enhances its gaming tech suite with the acquisition of AcceleratXR, bolstering cross-platform game development and pioneering advancements in cross-play experiences for players worldwide.

Digital Assets

OKX’s PoR report shows no solvency concerns, assets worth $11.2 billion

Cryptocurrency exchange OKX has released its 11th consecutive proof-of-reserves report amid increasing demand of crypto investors asking for transparency from exchanges they trade with.

Digital Assets

Horizen Launches Decentralized Governance with Introduction of Horizen DAO

Horizen inaugurates a novel decentralized autonomous organization, inviting broader community participation and heralding a new chapter in blockchain governance.

Digital Assets

Binance France induces users to convert their fiat into crypto

Following the expiration of its partnership with Paysafe, Binance France urged its customers to convert their fiat currency holdings on the platform into cryptocurrencies.

Industry News

Exness Crowned as Best Global Multi-asset Broker at Forex Expo Dubai 2023

Cyprus-based Exness garners top honors at the Forex Expo Dubai, solidifying its esteemed position in the global financial arena.

Retail FX

CySEC cancels license of 101investing parent following €200,000 fine

The Cyprus Securities and Exchange Commission (CySEC) confirmed on Tuesday that it has wholly withdrawn the Cyprus Investment Firm (CIF) License of FX retail brokerage firm FXBFI Broker Financial Invest Ltd, trading as 101investing.