LUCROR Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
Business
License
FSPR Revoked 
As someone who values transparency and professionalism, I was disappointed by the lack of effort put into creating a clear and concise website that reflects a trustworthy company. The appearance of the website alone was enough to discourage me from investing with LUCROR, as it made me question the reliability of their services.
Lucror, a forex broker based in New Zealand, has garnered mixed reviews in 2025, with many users expressing concerns about its regulatory status and customer service. While some traders appreciate the low initial deposit and the use of the popular MetaTrader 4 platform, others have reported significant issues with withdrawals and customer support. This review aims to provide a comprehensive overview of Lucror, highlighting both its strengths and weaknesses.
Note: The regulatory landscape for brokers can vary significantly across regions. It is essential for traders to be aware of the specific regulations applicable to their jurisdiction and the specific entity they are dealing with. This review is based on a variety of sources to ensure fairness and accuracy.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Experience | 5 |
| Trustworthiness | 2 |
| User Experience | 4 |
We assess brokers based on user feedback, expert analysis, and factual data.
Founded around 2010, Lucror Capital Markets LP operates as Lucror FX, with its headquarters in Auckland, New Zealand. The broker offers trading primarily on the MetaTrader 4 platform, a widely recognized choice among forex traders due to its comprehensive features and user-friendly interface. Lucror provides access to a limited range of trading assets, focusing mainly on currency pairs and precious metals. However, it lacks valid regulatory oversight, having been deregistered from the New Zealand Financial Service Providers Register (FSPR) in April 2019, raising significant red flags regarding its legitimacy.
Lucror operates without valid regulation, a major concern for potential clients. The absence of oversight means that traders may not have the protections typically provided by regulated brokers. According to WikiFX, Lucror's regulatory status is marked as "revoked," indicating that it does not comply with industry standards or safeguard investor interests.
Traders can deposit funds via credit cards (Visa and MasterCard) or bank wire transfers. However, the minimum deposit requirement of $1,000 is considered steep compared to other brokers that offer lower thresholds. Withdrawal processes have been reported as problematic, with users citing long delays and unresponsive customer support. One user mentioned, “Withdrawals took almost two months, and I was unable to successfully withdraw my funds. It's not safe for your money!” (source: Myfxbook).
Lucror does not appear to offer significant bonuses or promotional incentives at this time. While some brokers entice new clients with welcome bonuses, Lucror's lack of such offers may deter prospective traders looking for additional value.
The broker primarily focuses on forex trading, offering a limited selection of currency pairs and precious metals. Users have noted that the available trading instruments are not as diverse as those offered by other brokers, which may limit trading strategies for more experienced traders.
Information regarding spreads and fees is not clearly outlined on Lucror's website. While the broker claims to offer competitive spreads, specific details are often missing, leading to frustration among traders seeking transparency. According to Forex Peace Army, the spreads can vary significantly based on the account type, with some users experiencing spreads as high as 2.0 pips on certain accounts.
Lucror offers leverage up to 1:500, which can amplify both potential profits and losses. While high leverage may appeal to some traders, it also poses significant risks, especially for novice traders who may not fully understand the implications of leveraged trading.
The primary trading platform offered by Lucror is MetaTrader 4, which is compatible with various operating systems, including Windows and Mac. MT4 is favored for its range of analytical tools and automated trading capabilities. However, the lack of a mobile trading option has been noted as a drawback.
While specific details about restricted regions are not readily available, the absence of regulation raises concerns for traders in regions with stringent regulatory requirements, as they may face challenges in seeking recourse in case of disputes.
Customer service options appear limited, with users reporting difficulties in reaching support. The primary contact methods include email and a hotline, but many users have expressed dissatisfaction with the response times, stating that inquiries often go unanswered.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 4 |
| Tools and Resources | 5 |
| Customer Service and Support | 3 |
| Trading Experience | 5 |
| Trustworthiness | 2 |
| User Experience | 4 |
In conclusion, the Lucror review highlights a broker that presents significant risks due to its lack of regulation and reported customer service issues. While it offers a familiar trading platform and high leverage, potential traders should exercise caution and consider alternative options with more robust regulatory oversight and better user experiences.
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