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Lucrado Review - Is It a Legit Forex Broker? - WikiFX

WikiFX | 2025-05-08 16:14

Abstract:Lucrado is an unregulated broker registered in Marshall Islands, specializing in different types of markets such as forex, indexes, and cryptocurrencies.

LucradoReview Summary
Founded2019
Registered Country/RegionMarshall Islands
RegulationNo regulation
Market InstrumentsForex, indexes, commodities, stocks, CFDs, cryptocurrencies
Demo Account❌
LeverageUp to 1:600
Spread/
Trading PlatformWeb trader, mobile APP
Minimum Deposit$250
Customer SupportContact form
Tel: +56225952934 (Chile); +50641053729 (Costa Rica); +525593170983 (Mexico); +5078322491 (Panama); +50223028466 (Guatemala); +50321133421 (El Salvador); +5117085444 (Peru)
Email: support@lucrado.com
Address: Trust Company Complex, Ajeltake Road, Ajeltake Island Majuro Marshall islands

Lucrado was registered in 2019 in Marshall Islands, specializing in different types of markets such as forex, indexes, and cryptocurrencies. It provides three types of accounts, with a minimum deposit of $250 and a maximum leverage of 1:600. However, it should be noted that Lucrado is not regulated, and potential risks cannot be ignored.

Lucrado's homepage

Pros and Cons

Pros Cons
Diverse tradable assetsLack of regulation
Multiple channels for customer supportNo demo accounts
Popular payment optionsNo MT4 or MT5

Is Lucrado Legit?

No, Lucrado is not regulated by financial regulatory authorities in Marshall Islands, which means the company lacks regulation from its registration site. Please note the potential risks!

No license
Domain information

What Can I Trade on Lucrado?

Lucrado provides several types of products, including forex, indexes, commodities, stocks, CFDs, and cryptocurrencies.

Tradable Instruments Supported
Forex✔
CFDs✔
Commodities✔
Indexes✔
Stocks✔
Cryptocurrencies✔
Bonds❌
Options❌
ETFs❌
What Can I Trade on Lucrado?

Account Type

Lucrado offers three types of accounts: Essential, Standard, and Premium Account. However, it does not mention whether a demo account is available or not. Besides, details such as spread and commission fees are not clear.

Account TypeDeposit CurrencyMinimum DepositMaximum Leverage
Essential AccountUSD, EUR, GBP$2501:200
Standard AccountUSD, EUR, GBP$5,0001:400
Premium AccountUSD, EUR, GBP$10,0001:600
Account comparison

Leverage

The leverage can be up to 1:600, which is not low. Traders need to consider carefully before investing, since high leverage is likely to bring high potential risks.

Trading Platform

Lucrado uses web trader and mobile APP as its trading platforms, and it does not support the commonly used MT4 or MT5.

Trading PlatformSupported Available Devices Suitable for
Web Trader✔Web, PC/
Mobile APP✔Mobile/
MT4❌/Beginners
MT5❌/Experienced traders
Trading Platform

Deposit and Withdrawal

Lucrado accepts different types of payment options, such as VISA, MasterCard, Skrill, PayPal, Neteller, citibank, and so on. Accepted currencies are USD, EUR, GBP. However, other details such as the processing time and commission fees are not revealed.

Payment methods

Related broker

No Regulation
Lucrado
Company name:CLEARVISION LIMITED
Score
1.16
Website:https://www.lucrado.com/
1-2 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.16

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