LucroTrade Forex Broker

Note: LucroTrade's official website: https://www.lucrotrade.com is currently inaccessible normally.LucroTradeReview SummaryFounded/Registered Country/RegionSaint Vincent and the GrenadinesRegulationNo regulationMarket InstrumentsCryptocurrency, forexDemo Account❌Leverage/SpreadFixed at 0.9 pipsTrading PlatformWeb TraderMin Deposit$250Customer SupportPhone: +41 6150 83035Email: support@lucrotrade.comAddress: Suite 305, Griffith Corporate Centre P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the GrenadinesLucroTrade 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 ConsPros Cons Tight spreadsNo regulationDead official websiteLimited trading productsHigh minimum deposit requirementNo demo accountsNo MT4/MT5 platformIs 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 TypeMin DepositSilver$250Gold$10 000Platinum$50 000Leverage 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 PlatformTrading PlatformSupported Available Devices Suitable for Web Trader✔Web/MT4❌/BeginnersMT5❌/Experienced tradersDeposit 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.