Note: 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.
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What is Liyan Broker？
Liyan Broker, a dynamic investment firm founded in 2020 and based in the United Arab Emirates. Liyan Broker offers a range of services including access to global markets, asset management, and financial advisory services. With a minimum deposit of $50 and leverage ranging from 1:50 to 1:500, they cater to various investment preferences. Liyan Broker operates on the cTrader platform and provides customer support during specified hours via multiple channels including telephone, email, and social media platforms like Instagram and YouTube.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Pros & Cons
Pros:
- Access to Global Markets: Liyan Broker offers access to global markets, allowing investors to diversify their portfolios and explore various investment opportunities.
- Low Minimum Deposit: With a minimum deposit of $50, Liyan Broker makes investing accessible to a wide range of individuals, including those with limited capital.
- Flexible Leverage: The leverage offered by Liyan Broker ranges from 1:50 to 1:500, providing investors with flexibility in managing their positions and potentially amplifying returns.
- Multiple Account Types: Liyan Broker offers three account types – Standard, Advanced, and Liyan VIP – catering to different investor preferences and providing options for various levels of service and benefits.
Cons:
- Unregulated Status: One of the significant drawbacks of Liyan Broker is its unregulated status. Operating in an unregulated environment exposes investors to higher levels of risk, as there may be limited oversight and protection mechanisms in place.
- Limited Trading Platform Options: Liyan Broker operates solely on the cTrader platform, which may not be preferred by all traders. Some investors may prefer access to a wider range of trading platforms for their specific trading strategies.
- Limited Customer Support Hours: Although Liyan Broker provides customer support through various channels, including telephone, email, and social media platforms, the availability of support is limited to specified hours, which may be inconvenient for some investors, especially those in different time zones.
- Variable Commission Rates: While offering commission-based pricing can be transparent, the variable commission rates across different account types may lead to confusion for investors, especially those who are new to trading.
Is Liyan Broker Legit？
Liyan Broker asserts that it implements protective measures such as Effective Customer Due Diligence (CDD) to ensure the safety of client transactions. Their payment policies adhere strictly to the Regulations for Non-Trading Operations, which form an essential component of their Client Agreement.
However, Liyan Broker currently operates without valid regulatory oversight. This absence of regulation means that their activities are not monitored or governed by any governmental or financial authority. Consequently, investing with Liyan Broker carries inherent risks. Without regulatory oversight, there is no external body ensuring compliance with industry standards or investigating potential misconduct. This lack of oversight leaves clients vulnerable, as there is no recourse or protection should issues arise.
Products & Services
Liyan Broker presents itself as a specialist in offering a broad spectrum of investment solutions tailored to meet the diverse needs of its clients.
- Access to Global Markets: Liyan Broker facilitates access to global financial markets, enabling clients to trade a wide range of instruments such as stocks, bonds, commodities, and currencies. Through their platform, investors can capitalize on opportunities in both domestic and international markets, diversifying their portfolios for enhanced returns.
- Asset Management Services: Liyan Broker provides professional asset management services designed to optimize clients‘ investment portfolios. Their team of experienced investment professionals offers personalized strategies to help clients achieve their financial goals, whether it’s wealth preservation, growth, or income generation. By leveraging their expertise and industry insights, Liyan Broker aims to maximize returns while managing risk effectively.
- Financial Advisory Services: Additionally, Liyan Broker offers comprehensive financial advisory services to assist clients in making informed investment decisions. Their advisory team provides expert guidance on various financial matters, including portfolio allocation, risk management, retirement planning, and tax optimization. Through personalized consultations and ongoing support, Liyan Broker empowers clients to navigate the complexities of the financial markets with confidence.
Account Types
Liyan Broker offers three types of accounts: Standard, Advanced, and Liyan VIP.
- Standard Account: This account requires a minimum deposit of $50 and offers a standard lot size of 100,000. It is suitable for beginners or those looking to start with a smaller investment.
- Advanced Account: With a minimum deposit requirement of $100,000, the Advanced Account caters to experienced traders. It likely provides additional features or benefits compared to the Standard Account, suitable for those with larger trading capital.
- Liyan VIP Account: This is the premium account option with a minimum deposit requirement of $2,500. It likely offers exclusive benefits and personalized services tailored to high-net-worth individuals or professional traders.
Across all account types, Liyan Broker maintains a stop out level of 25%, ensuring risk management for its clients.
How to Open an Account？
To open an account with Liyan Broker, please follow these steps:
Leverage
Liyan Broker offers a flexible leverage range from 1:50 to 1:500, allowing traders to choose their preferred level of risk and potential return. With lower leverage options such as 1:50, traders can execute larger trades with a smaller initial investment, but the potential for profit is limited. On the other hand, higher leverage ratios like 1:500 offer the opportunity for significant returns on investment, but they also amplify the potential losses.
While higher leverage can magnify gains, it also exposes traders to heightened market volatility and potential losses. Therefore, it's essential for traders to assess their risk tolerance and trading strategy carefully before utilizing leverage, ensuring they maintain proper risk management practices to safeguard their investments.
Spreads & Commissions
Liyan Broker implements a commission-based fee structure for its clients. The Standard account incurs a commission of $1.5 per lot, while the Advanced account commands a slightly higher commission of $2.5 per lot. For the premium Liyan VIP account, the commission per lot is set at $4. These commission rates may vary based on the account type chosen, reflecting the different levels of service and benefits provided to clients at each tier.
While commissions are explicit costs that traders need to consider, there are the absence of information regarding the spreads on the website.
Trading Platform
Liyan Broker offers its clients access to the renowned cTrader trading platform, renowned for its robust features and user-friendly interface. Developed in 2010 by Andrey Pavlov and Ilya Holeu, founders of Spotware, cTrader caters to multi-asset CFD and Forex trading, providing swift entry and execution, advanced charting tools, diverse order types, and level II pricing, among other functionalities.
With cTrader, traders can enjoy seamless access to the financial markets across various devices, including desktops, smartphones, and tablets. Liyan Broker has seamlessly integrated cTrader into its website, allowing clients to utilize the platform directly through their web browsers or by downloading the dedicated applications for Android and iOS devices. The platform's intuitive interface empowers traders of all levels to navigate the markets efficiently and make informed trading decisions.
Deposits & Withdrawals
Liyan Broker offers a range of deposit and withdrawal methods to cater to the needs of its clients. Clients can choose credit/debit cards and bank transfers or cutting-edge cryptocurrencies and e-wallets.
For clients operating in Rial currency, deposits are instantaneous and commission-free, with a minimum deposit as low as $5 and no upper limit, offering flexibility for traders of all levels. Similarly, deposits in Tether and USD are processed instantly with no commissions, allowing clients to start trading promptly with minimum hassle.
Credit/debit card deposits, available in TRY, USD, and EUR, offer convenience with a waiting time of 30 minutes to 1 working day. However, a 3% commission is applicable, making it essential for clients to consider this factor when choosing their preferred deposit method.
For those seeking even greater flexibility, Liyan Broker accepts deposits and withdrawals in various currencies, including IRR and USD, through the Topchange service. While this option offers a wide range of currency conversions, clients should note the 5% commission charged by Topchange.
Customer Service
Customers can visit their office or get in touch with customer service line using the information provided below:
MON-FRI 10:00 - 17:00, SAT 10:00 - 15:00
Telephone: +971-4-529-8915 - +971-52-715-1143
Email: Info@liyanbroker.com
Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines
Moreover, clients could get in touch with this broker through the social media, such as Instagram, YouTube and Telegram.
Liyan Broker offers online messaging as part of their trading platform. This allows traders to communicate with customer support or other traders directly through the platform. Online messaging can be a convenient way to get real-time assistance or to engage in discussions with fellow traders.
Conclusion
In conclusion, Liyan Broker offers investors access to global markets with low minimum deposits and flexible leverage options. It also offers a variety of account types with different commission structures with cTrader platform supported, However, its unregulated status poses significant risks, along with limited trading platform choices and customer support hours.
Frequently Asked Questions (FAQs)
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.
2024-07-11 10:19
2024-05-29 14:29
