Search

Lucrado foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.lucrado.com/real, about the company's legal and temporary regulatory information, the company's address Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960.

Lucrado Forex Broker

Basic Information

Registered Region
Marshall Islands
Operating Period
--
Company Name
CLEARVISION LIMITED
Abbreviation
Lucrado
Company employee
--
Customer Service Email Address
support@lucrado.com
Contact Number
+56225952934
Company Website
Company address
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960
Keywords
1-2 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

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.Pros and Cons Pros Cons Diverse tradable assetsLack of regulation Multiple channels for customer supportNo demo accounts Popular payment optionsNo MT4 or MT5Is 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!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❌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$10,0001:600Leverage 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 tradersDeposit 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.

Rating Index

Pros/Cons
Accounts

Pros

Offers a variety of financial products including forex, cryptocurrencies, and CFDs.
Provides educational resources and tools for new investors to enhance their trading knowledge.
Claims to have a user-friendly platform with a modern interface for easier navigation.

Cons

Lacks regulation from recognized financial authorities, raising concerns about investor safety.
Widespread negative reviews indicate issues with withdrawals and customer service.
Blacklisted by the Comisión Nacional del Mercado de Valores (CNMV) in Spain, suggesting potential fraudulent activities.
How to login to Lucrado?
Lucrado Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Lucrado Account Registering for a Lucrado account is the first step to accessing its services. Follow these detailed steps to complete the registration process:

Lucrado Forex Broker - Complete Information Guide

1. Broker Overview

Lucrado, operating under the domain lucrado.com, is an online trading platform that has garnered attention for its investment services. Founded on February 25, 2019, Lucrado is registered under the company name Clear Vision Limited, with its headquarters located at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960. The company is privately held and operates without being listed on any stock exchange.

Lucrado primarily targets retail investors looking to engage in forex trading and offers a variety of financial instruments. Over its operational years, Lucrado has faced scrutiny and has been flagged by various regulatory bodies for operating without a license, which raises concerns about its legitimacy and operational practices. Despite these challenges, the broker continues to promote its services to potential clients, often highlighting the allure of high returns on investments.

The business model of Lucrado focuses on retail forex trading, providing users with access to various trading products, including currency pairs, CFDs, and more. However, it is essential to note that the absence of regulatory oversight significantly impacts the trustworthiness of the broker.

2. Regulatory and Compliance Information

Lucrado operates as an unregulated entity and lacks oversight from any major financial regulatory authority. According to the Comisión Nacional del Mercado de Valores (CNMV) in Spain, Lucrado has been blacklisted due to its unregistered status. The absence of a regulatory license means that Lucrado does not have to adhere to strict financial standards or transparency requirements.

Key points regarding Lucrado's regulatory status include:

  • Regulatory Bodies: Lucrado is not regulated by any recognized authority such as the Financial Conduct Authority (FCA) or the Australian Securities and Investments Commission (ASIC).
  • Licensing Information: The broker has no valid regulatory license, which poses significant risks to investors.
  • Client Fund Protection: There are no guarantees for the segregation of client funds, which means that investor money may not be protected in the event of the broker's insolvency.
  • Investor Compensation Fund: Lucrado does not participate in any investor compensation schemes, leaving clients with no recourse for recovery in case of financial loss.
  • KYC and AML Compliance: The broker's compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations is unclear, raising further concerns about its operational integrity.

This lack of regulatory oversight and compliance measures significantly undermines the safety of trading with Lucrado broker.

3. Trading Products and Services

Lucrado offers a range of trading products designed to appeal to various investor profiles. The broker provides access to numerous forex currency pairs, with a focus on major pairs, as well as Contracts for Difference (CFDs) across different asset classes.

Trading Product Overview:

  • Forex Pairs: Lucrado provides a selection of currency pairs, including major, minor, and exotic pairs, allowing traders to engage in diverse trading strategies.
  • CFD Products: The broker offers CFDs on indices, commodities, stocks, and cryptocurrencies, enabling clients to speculate on price movements without owning the underlying asset.
  • Unique Trading Instruments: Lucrado may introduce special products or unique trading options, although specific details about these offerings are not widely publicized.
  • Product Updates: The frequency of product updates and the introduction of new trading instruments remain ambiguous, as specific information is not readily available.
  • Retail Trading Services: Lucrado primarily caters to retail traders, offering tools and resources to assist in their trading activities.
  • Institutional Services: There is limited information regarding services for institutional clients or any white-label solutions offered by Lucrado.
  • Asset Management Services: The availability of asset management services is not clearly defined, which may limit options for investors seeking such services.

The diversity of products offered by Lucrado broker is overshadowed by regulatory concerns, making it crucial for potential clients to conduct thorough research before engaging with the platform.

4. Trading Platforms and Technology

Lucrado provides a trading platform that is essential for executing trades and managing investments. However, specific details regarding the technology and platform features are limited.

Platform Features:

  • MetaTrader Support: There is no clear indication that Lucrado supports popular trading platforms like MetaTrader 4 or MetaTrader 5, which are widely used in the forex industry.
  • Proprietary Platform: Information about a proprietary trading platform, if available, is not extensively detailed, leaving potential users in the dark about its functionalities.
  • Web-Based Trading: Lucrado may offer a web-based trading platform, but specifics on the user interface and accessibility are not provided.
  • Mobile Application: The availability of mobile trading applications for iOS and Android devices is unclear, which could limit trading flexibility for users on the go.
  • Execution Model: The broker's execution model, whether it is ECN, STP, or Market Making, is not explicitly stated, raising questions about the efficiency and transparency of trade executions.
  • Server Infrastructure: Details regarding server locations and the technological infrastructure supporting the trading platform are not disclosed.
  • API Access: Lucrado's support for API access or automated trading features remains unspecified, which may deter algorithmic traders.

Given the lack of comprehensive information about the trading platform, potential clients should carefully assess their trading needs and consider alternatives that offer more transparency and robust technology.

5. Account Types and Trading Conditions

Lucrado offers different account types to accommodate various trading preferences and strategies. However, the specifics of these accounts, including conditions and requirements, are not clearly defined.

Account Types Overview:

  • Standard Account Conditions: Details regarding minimum deposit requirements, spreads, and commissions for standard accounts are not readily available.
  • Advanced Account Types: There is limited information on premium or VIP accounts that may offer enhanced features or lower trading costs.
  • Special Accounts: The availability of specialized accounts, such as Islamic accounts or corporate accounts, is not explicitly mentioned.
  • Demo Account Policy: Information about the existence of demo accounts for practice trading is not provided, which is a vital feature for new traders.
  • Leverage Ratios: Lucrado's leverage ratios vary by product, but specific limits are not disclosed, which is crucial for risk management.
  • Minimum Trade Size: The minimum trade size requirements are not specified, potentially impacting trading strategies for smaller investors.
  • Overnight Fees: Details regarding overnight fees or swap rates are not available, which may affect long-term trading positions.

The ambiguity surrounding account types and trading conditions makes it imperative for potential traders to seek clarity from the broker before committing funds.

6. Fund Management

Managing funds effectively is crucial for traders, and Lucrado provides various deposit and withdrawal methods. However, the specifics of these processes are somewhat vague.

Fund Management Overview:

  • Supported Deposit Methods: Lucrado supports a range of deposit methods, including bank transfers, credit cards, and e-wallets, but specific details are not provided.
  • Minimum Deposit Requirements: The minimum deposit requirements for different account types are not disclosed, which is essential for prospective clients.
  • Deposit Processing Times: Information regarding the processing times for deposits is not clearly stated, leaving clients uncertain about fund availability.
  • Deposit Fees: Details about any fees associated with deposits are not specified, which could impact the overall cost of trading.
  • Withdrawal Methods and Restrictions: The methods available for withdrawals, along with any associated limitations, are not clearly outlined.
  • Withdrawal Processing Times: The time taken to process withdrawal requests is not provided, which is critical for traders needing quick access to funds.
  • Withdrawal Fee Structure: Information regarding withdrawal fees is not available, raising concerns about potential hidden costs.

The lack of transparency in fund management processes highlights the importance of conducting thorough due diligence before engaging with Lucrado broker.

7. Customer Support and Educational Resources

Customer support is an essential aspect of any trading platform, and Lucrado offers various channels for assistance. However, the quality and accessibility of these services are not well-documented.

Customer Support Overview:

  • Support Channels: Lucrado provides support through various channels, including phone, email, online chat, and social media, although response times are not specified.
  • Service Hours and Coverage: The operational hours of customer support and the time zones covered are not clearly detailed, which may affect accessibility for international clients.
  • Multilingual Support: Information regarding the languages supported by customer service representatives is not provided, which could limit assistance for non-English speakers.
  • Educational Resources: The availability of educational resources such as webinars, tutorials, and e-books is not mentioned, making it challenging for new traders to access necessary training.
  • Market Analysis Services: Lucrado's offerings for market analysis, including daily updates, news, and research reports, are not explicitly stated.
  • Trading Tools: Information on the availability of trading tools such as calculators, calendars, and signal services is not provided, which could enhance the trading experience.

The lack of detailed information regarding customer support and educational resources indicates a need for potential clients to approach Lucrado with caution.

8. Regional Coverage and Restrictions

Lucrado aims to provide its services to a global audience, but certain restrictions may apply based on regional regulations.

Regional Coverage Overview:

  • Primary Service Markets: Lucrado primarily targets markets in regions where regulatory oversight is less stringent, which could pose risks for investors.
  • Regional Office Distribution: There is no information available regarding the distribution of regional offices or local support teams.
  • Countries Not Accepted: Specific countries or regions where Lucrado does not accept clients are not disclosed, which could affect potential investors.
  • Special Restrictions: Any special restrictions or limitations on services offered in certain jurisdictions are not clearly outlined.

The absence of comprehensive information regarding regional coverage and restrictions emphasizes the importance of conducting thorough research before engaging with Lucrado broker.

In conclusion, while Lucrado offers a range of trading products and services, the lack of regulatory oversight, transparency, and detailed operational information raises significant concerns about its legitimacy and reliability. Potential investors should exercise caution and consider alternative brokers that provide a more secure and regulated trading environment.

Lucrado Similar Brokers

LQH Integrated
LQH Integrated Forex Broker - Complete Information Guide   1. Broker Overview
1.21
Score
1.20
Score
1.20
Score
ANCETD
ANCETD Forex Broker - Complete Information Guide   1. Broker Overview   ANCETD,
1.20
Score
Sparkfuxtrade
Sparkfuxtrade Broker - Complete Information Guide   1. Broker Overview   Sparkfu
1.21
Score
1.20
Score
1.20
Score
1.21
Score
1.21
Score
1.21
Score
1.21
Score
1.21
Score
1.21
Score
1.20
Score
1.21
Score
1.21
Score
1.21
Score
1.21
Score
1.21
Score
1.21
Score
1.21
Score
1.21
Score
1.21
Score
1.21
Score
Helio
Helio Forex Broker - Complete Information Guide   1. Company Overview   Helio is
1.21
Score
Steadyedge Capital
Steadyedge Capital Forex Broker - Complete Information Guide   1. Company Overvi
1.21
Score
Unverified
247primebitts
No license plate
1.21
Score
1.09
Score
1.09
Score

Latest Reviews

Eduardo Sánchez

Eduardo Sánchez

Mexico

At first they talked to me, told me it was an investment page and they would guide me and that to start I should deposit $4500 as it was the beginner's account. After about three days I earned around $100 USD more and they didn't let me withdraw it because to withdraw I had to deposit 2500 pesos. I deposited and they didn't let me withdraw either. Later when I tried to get everything out, since I was noticing they would not let me withdraw, they told me that to do so I had to deposit another 5500 to receive it in a few seconds or deposit 3900 but the money would arrive in three days or later. But I was actually scared of depositing more and continuing the same thing that hasn't given me anything back and today, April 3rd, 2025, my account shows that from having $2800 dollars, it now is at 31 dollars. Everything was done by call, just to ask you for information and sometimes to send you the information of where you should deposit the money.

Exposure

04-03

Lucrado Forex Broker has an overall rating of 1.21, Regulatory Index 0.00, License Index 0.00, Business Index 4.71, Software Index 4.00 Risk Control Index 0.00.