Lyraten does not disclose any information about the date of its establishment and the location of the broker. Judging by the phone number, the tech support is located in Sweden. As for the domain, it was registered only in February 2023 in Reykjavik, Iceland. In addition, the project has no license and no legal address. Despite this, you can authorize on the site using 14 languages, including Italian, Arabic, and Chinese. However, you will not be able to use the registration form, which is missing from the platform’s functionality.
Is the broker worth trusting? Will it provide security and protection for traders? We will analyze the capabilities of the platform and draw conclusions about the reliability of work on the website.
Trading Conditions
Lyraten is web-based, meaning you can access it from any device and you do not need to install software on your computer. You can use this trading platform on an iPhone or Android smartphone. The terminal covers more than 500 assets including forex markets with traditional and digital currencies. On Lyraten, you can trade futures, indices, and commodities as CFDs.
The broker offers 6 types of accounts, which differ in the size of minimum and maximum deposits and set of services. You can choose a suitable option from the following:
- Basic, up to $2,499 – commissions 5%, leverage (crypto) 1:1-1:2, swap 24 hours 1.5%, variable minimum spread 2.4, leverage (forex) 1:50.
- Silver, $2,500-$9,999 range – 4% commissions, leverage (crypto) 1:3-1:5, swap 24 hours 1%, variable minimum spread 2.1, leverage (forex) 1:100.
- Gold, $10,000-$74,999 – 3% commission, leverage (crypto) 1:5-1:10, swap 24 hours 1.5%, variable minimum spread 1.8, leverage (Forex) 1:100.
- Platinum, $75,000-$149,999 – 2.5% commission, leverage (crypto) 1:10-1:20, swap 24 hours 0.85%, variable minimum spread 0.6, leverage (Forex) 1:100.
- VIP from $150,000 – fees 1.5%, leverage (crypto) 1:10-1:20, swap 24 hours 0.65%, variable minimum spread 0.4, leverage (Forex) 1:100.
- Private Equity Account from $400,000 – 1% fees, leverage (crypto) 1:10-1:20, swap 24 hours 0.5%, variable minimum spread 2.2, leverage (forex) 1:100
All account types provide MQL access. Lyraten provides each trader with a manager service. Tariff plans include a “robots” option for clients with a third-level account and above.
Additional services include an economic calendar and market analysis. To connect the client with technical support on the site, there is an online chat. You should specify your question and e-mail address in a special form.
FAQ
Would investing in Lyraten offer the best returns?
You are more likely to lose money rather than find favorable trading conditions with risky CFD trading. In addition, the broker has an unknown and unstable platform.
Does Lyraten carry out withdrawals?
Withdrawal of funds here may not be obvious. Many traders who have worked with this broker leave negative reviews. Share your experience if you have traded with this company.
May I be scammed on lyraten.com?
The broker provides services without a license, illegally. The website has a very poor design, no structure, and lacks important legal information. The actions of this company are highly likely to be fraudulent.
What's the best way to share my experience with Lyraten?
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How can I tell if Lyraten is a fraudulent company?
Do your own research and never believe those who promise you easy money.
19 reviews about Lyraten