Liyan Broker
Pros and Cons
Pros
- Forex trading specialization with major currency pairs
- Diverse account types: Standard, Islamic, Advance, and VIP
- High leverage options available up to 1:1000
- Trading platforms include MT5 and cTrader
- 24/7 customer support through multiple channels
Cons
- No valid regulation or oversight
- Limited trading instruments (only forex)
- High spreads on major currency pairs (around 2.5 pips)
- Potential additional fees for deposits and withdrawals
- Lack of advanced educational resources and market analysis
Basic Information
User Reviews
Liyan Broker Overview
Liyan Broker is a forex trading firm established in 2020 and registered in Saint Lucia. The company operates as Liyan Trading LTD. However, it is important to note that Liyan Broker currently lacks valid regulation, which may present risks for potential traders. This unregulated status calls for careful consideration for individuals looking to engage in trading activities with this broker, as regulatory oversight is a crucial factor in ensuring the safety of client funds and fair practices in the trading environment.
Liyan Broker specializes in forex trading and offers its clients a demo account to practice their trading strategies. The firm provides various account types, including Standard, Islamic, Advance, and VIP accounts, with a minimum deposit starting from $20. Traders can utilize popular trading platforms such as cTrader and MT5, which are equipped with essential tools for effective trading. Customer support is available 24/7 through multiple channels including phone and email, ensuring that traders can receive assistance when needed. Despite its unregulated status, Liyan Broker aims to attract traders with its diverse account offerings and high leverage options of up to 1:1000, making it a noteworthy choice for those focused on forex trading.
Is Liyan Broker Safe? Regulation Analysis
Regulatory Information
Liyan Broker is not regulated by any recognized financial authority. This lack of regulation can pose significant risks for traders, as it may lead to inadequate protection of client funds and an increased potential for fraudulent activities. Without oversight from a regulatory body, traders may find themselves without recourse in the event of disputes or issues related to their accounts.
Trading Products and Services
What trading instruments does Liyan Broker offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Many |
| Commodities | N/A | |
| Indices | N/A | |
| Stocks | N/A | |
| Cryptocurrencies | N/A |
Liyan Broker specializes primarily in forex trading, providing a range of major currency pairs to suit various trading strategies. The availability of forex trading instruments allows both novice and experienced traders to engage in the dynamic forex markets. With a focus on major pairs, traders can effectively implement their strategies, whether they are looking for short-term trades or long-term positions. Although Liyan Broker does not currently offer commodities, indices, stocks, or cryptocurrencies, the emphasis on forex provides opportunities for traders seeking to diversify their portfolios within this asset class. This targeted approach can particularly benefit those who are focused on currency trading and looking to leverage their skills in the forex markets.
Account Types and Trading Conditions
What Account Types and Fees Does Liyan Broker Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Standard Account | Beginner traders | Low minimum deposit, high leverage | Suitable for small-capital practice with a minimum deposit of $20 |
| Islamic Account | Traders seeking swap-free options | Compliant with Islamic finance principles | Available for all traders, requires a request for adherence |
| Advance Account | Intermediate traders | Enhanced features for more experienced trading | Requires higher trading volume qualifications |
| VIP Account | Professional traders | Personalized services and benefits | Requires significant capital and trading activity |
Account Opening Process
To open an account with Liyan Broker, potential traders must complete several steps, including the submission of personal, employment, and financial information. Identity verification is essential, requiring documents such as a valid ID and proof of address. Additionally, traders have the flexibility to upgrade to a professional account in the future, should their trading needs evolve.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | 2.5 | $0 | Floating spreads for major currency pairs |
| Forex (Minor Pairs) | 2.5 | $0 | Similar spreads apply |
Other Fees
Traders should be aware that Liyan Broker may impose various additional fees, including deposit and withdrawal fees that can vary depending on the payment method used. Inactivity fees may apply if accounts remain dormant for extended periods. Additionally, overnight interest, also known as swap rates, may apply to positions held overnight, and there could be currency conversion fees for transactions involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Liyan Broker Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MT5 | Windows, macOS, iOS, Android | Secure login (2FA), market search, multiple order types, price alerts, technical indicators | Demo account available |
| cTrader | Windows, macOS, iOS, Android | Secure login, symbol lookup, one-click trading, push notifications, economic calendar | VPS services available |
| Web Version | Browser-based (any OS) | Secure login, basic market search, limited order types, email alerts | No additional services |
Liyan Broker provides a range of trading platforms suited for different trading needs. The MT5 platform is designed for advanced traders, offering extensive tools and features for complex trading strategies. cTrader is well-suited for those who prioritize speed and user-friendly interfaces, while the web version allows for trading across all devices without the need for installation. Each platform ensures secure logins and supports real-time alerts, facilitating effective trading decisions. Overall, Liyan Broker’s platforms cater to both novice and experienced traders, promoting a seamless trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 business days | No platform fee | Min $20, Max $10,000 per transaction | USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min $20, Max $5,000 per transaction | USD, EUR |
| e-Wallet (e.g., Skrill, Neteller) | Instant | 1.5% charge | Min $20, Max $10,000 per transaction | USD, EUR |
Minimum Deposit
Liyan Broker requires a minimum deposit of $20 to open an account. This amount is consistent across all payment methods and account types, allowing traders to begin their trading experience with a low initial investment.
How to Withdraw
To withdraw funds from Liyan Broker, follow these steps:
- Log in to your Liyan Broker account.
- Navigate to the “Withdrawal” section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Submit your withdrawal request.
- Wait for the processing time to complete, depending on the selected method.
- Check your account or e-wallet for the transferred funds.
Customer Support
Liyan Broker Customer Support Overview
Support Channels
Liyan Broker offers several contact methods to assist clients effectively. Traders can reach out via:
- Email: Customers can send inquiries to info@liyabroker.com for assistance.
- Telephone: Support is available through phone at +971-4-529-8915.
- Live Chat: Users can access live chat support through the broker’s website for immediate help.
- Social Media: Liyan Broker maintains a presence on platforms like Instagram, LinkedIn, and Telegram for additional support and updates.
Service Availability
Liyan Broker provides customer support 24/7, ensuring that traders can receive help at any time. The support team is equipped to assist clients in multiple languages, catering to a diverse trading community.
Additional Resources
While Liyan Broker focuses on forex trading, traders can benefit from various educational resources such as video tutorials and market analysis that may aid in enhancing their trading skills.
Frequently Asked Questions
Liyan Broker is not regulated by any recognized financial authority, which can pose significant risks for traders regarding the protection of their funds and the integrity of trading practices.
The minimum deposit required to open an account with Liyan Broker is $20, applicable across all account types.
To withdraw funds from Liyan Broker, log in to your account, navigate to the ‘Withdrawal’ section, select your preferred withdrawal method, enter the amount, and submit your request. Processing times may vary depending on the selected method.
Liyan Broker offers trading on two main platforms: MT5 and cTrader. Both platforms are available on various devices, including Windows, macOS, iOS, and Android, providing essential tools for effective trading.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.