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No Regulation
Score
1.54 /10
Danger
LucroTrade
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
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Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.20
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-12-24
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
Note: LucroTrade's official website: https://www.lucrotrade.com is currently inaccessible normally.
| LucroTradeReview Summary | |
| Founded | / |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Cryptocurrency, forex |
| Demo Account | ❌ |
| Leverage | / |
| Spread | Fixed at 0.9 pips |
| Trading Platform | Web Trader |
| Min Deposit | $250 |
| Customer Support | Phone: +41 6150 83035 |
| Email: support@lucrotrade.com | |
| Address: Suite 305, Griffith Corporate Centre P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines | |
LucroTrade Information
LucroTrade, also known as IVS Holdings Ltd, is a broker based in Saint Vincent and the Grenadines. It currently holds no regulations and its official website has already shut down.
Pros and Cons
| Pros | Cons |
| Tight spreads | No regulation |
| Dead official website | |
| Limited trading products | |
| High minimum deposit requirement | |
| No demo accounts | |
| No MT4/MT5 platform |
Is LucroTrade Legit?
No. It is registered in Canada. It has no valid regulations currently. It does not offer guaranteed funds or segregated accounts.
What Can I Trade on LucroTrade?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Cryptocurrencies | ✔ |
| Commodities | ❌ |
| Indices | ❌ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
Here are three account types LucroTrade offers:
| Account Type | Min Deposit |
| Silver | $250 |
| Gold | $10 000 |
| Platinum | $50 000 |
Leverage
The broker has not clearly provided the leverage it offers.
LucroTrade Fees
The spread is fixed at 0.9 pips. Other fees are not clear.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Web Trader | ✔ | Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
The broker accepts payments done via Visa, MasterCard, wire transfer and Bitcoin.
No minimum withdrawal amount defined and no fees or charges specified.
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