LIRAT Ltd

LIRAT Ltd is an online trading broker operating under the domain liirat.com. The company is registered in St Lucia according to its website, with a registration number from the International Financial Centre (IFC). However, FXCanary's records show that the broker holds a Securities Dealer license from the Seychelles Financial Services Authority (FSA), a regulatory body for offshore financial services. The broker's physical address is listed in downtown Beirut, Lebanon, and its registered office in Rodney Bay, St Lucia.

LIRAT Ltd presents itself as a multi-asset broker offering Forex, CFDs, stocks, and cryptocurrencies. It targets retail traders with access to the MetaTrader 5 platform and claims to have been in business since 2000. The company states it has grown through information technology and aims to provide value to investors. However, the discrepancy between its claimed St Lucia registration and the Seychelles FSA license noted in our records raises questions about regulatory transparency.

According to known facts, LIRAT Ltd is licensed by the Seychelles Financial Services Authority (FSA) as a Securities Dealer. This license is commonly held by offshore brokers and does not offer the same level of investor protection as major-tier regulators like the FCA or CySEC. The broker's own website does not mention this Seychelles license; instead, it highlights its St Lucia IFC registration. This inconsistency is a red flag for traders seeking clear regulatory disclosure.

The absence of a top-tier regulatory license means that traders may have limited recourse in case of disputes or broker failure. FXCanary's Scam Risk Score of 40/100 (Guarded) reflects this regulatory ambiguity and the overall risk profile. Traders should approach with caution and conduct thorough due diligence.

LIRAT Ltd provides its clients with the MetaTrader 5 (MT5) platform, available on desktop (Windows and Mac), mobile (Android and iOS), and as a web-based version. MT5 is a popular multi-asset platform offering advanced charting tools, algorithmic trading via Expert Advisors, and support for multiple order types. The broker does not mention offering MetaTrader 4, focusing exclusively on the newer MT5.

The platform is described as free to use and aims to cater to both beginner and experienced traders. However, no information about demo accounts or educational resources is provided on the website. Traders may need to contact the broker directly for details on account tiers, spreads, and leverage offerings.

The broker offers a range of asset classes including Forex, metals, energies, stock CFDs, and cryptocurrencies. For Forex, major, minor, and exotic pairs are available, though the website only lists a few majors. Stock CFDs cover companies listed on the FTSE, NASDAQ, and NYSE with leverage up to 1:10. Cryptocurrency trading includes 100 instruments with real-time quotes, and the broker claims negative balance protection for these products.

Notably, the website does not provide specific details on contract sizes, spreads, or commissions. The broker's marketing emphasizes variety but lacks transparency on trading costs. Traders seeking precise information would need to open an account or contact support.

LIRAT Ltd does not publicly disclose account types, minimum deposit requirements, or leverage limits on its website. The only account-related information is a login portal labeled 'MyLiirat' and references to real-time multilingual help desk support. Funding methods are also not listed, leaving traders to inquire directly.

This lack of upfront information is a common characteristic of smaller, offshore brokers. Traders should be aware that without clear terms, there is increased risk regarding hidden fees or unfavorable trading conditions. The broker's risk warning reiterates that leveraged trading may not be suitable for all investors.

The broker provides a contact form on its website, along with a phone number (+96171638452, Lebanese prefix) and email address (sales@liirat.com). The physical address is in Beirut, Lebanon, while the registered office is in St Lucia. Customer support claims to be available with an account manager for each client.

However, there is no live chat or detailed FAQ section. The contact form includes a simple arithmetic verification (3+4). Traders may face challenges reaching support quickly during volatile market conditions. The availability of services in languages other than English is not specified.