Rating Index
Pros
Offers a no-deposit bonus for first-time registrants, which can attract new traders.
Registered with the Financial Services Providers Register (FSPR) in New Zealand, providing a level of regulatory oversight.
Provides access to popular trading platforms like MetaTrader 4, allowing for a familiar trading experience.
Cons
Multiple complaints regarding withdrawal issues and delayed account approvals, indicating potential reliability problems.
Blacklisted by several regulatory authorities, raising concerns about the broker's credibility and trustworthiness.
User reviews highlight poor customer service and lack of timely support, leading to frustration among traders.
LUCROR broker Accounts
Lucror FX Account Type
Lucror FX offers four distinct account types tailored to different trading needs:
- Mini Account
- Leverage: 100:1
- Minimum Deposit: $1,000
- Minimum Trade Size: 0.1 lots
- Available Pairs: 17
- Swap-Free: No
- Hedging: Yes
- Micro Account
- Leverage: 200:1
- Minimum Deposit: $500
- Minimum Trade Size: 1 lot
- Available Pairs: 17
- Swap-Free: No
- Hedging: Yes
- Muslim Account
- Leverage: 100:1
- Minimum Deposit: $1,000
- Minimum Trade Size: 0.01 lots
- Available Pairs: 17/20
- Swap-Free: Yes
- Hedging: Yes
- Standard Account
- Leverage: 100:1
- Minimum Deposit: $1,000
- Minimum Trade Size: 0.01 lots
- Available Pairs: 29
- Swap-Free: No
- Hedging: Yes
Choose Account Type: Decide which of the four available accounts (Mini, Micro, Muslim, Standard) suits your trading needs.
Complete Application: Fill out the online application form on the Lucror FX website, providing the necessary personal and financial information.
Minimum Deposit: Ensure you meet the minimum deposit requirement for your chosen account type ($500 for Micro and $1,000 for others).
Submit Documents: Provide any required identification documents as per the broker's KYC (Know Your Customer) regulations.
Account Verification: Wait for your account to be verified by Lucror FX, which may take some time.
Start Trading: Once your account is approved and funded, you can begin trading on the MetaTrader 4 platform.
All accounts provide access to the MetaTrader 4 trading platform and allow trading in currency pairs and precious metals, such as spot gold and silver.
Lucror FX Broker Account Opening Process
To open an account with Lucror FX, follow these steps:
For more information, you can visit their website: Lucror FX
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