Company Profile
Company Profile
Review summary
| LucradoReview Summary | |
| Founded | 2019 |
| Registered Country/Region | Marshall Islands |
| Regulation | No regulation |
| Market Instruments | Forex, indexes, commodities, stocks, CFDs, cryptocurrencies |
| Demo Account | ❌ |
| Leverage | Up to 1:600 |
| Spread | / |
| Trading Platform | Web trader, mobile APP |
| Minimum Deposit | $250 |
| Customer Support | Contact 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 assets | Lack of regulation |
| Multiple channels for customer support | No demo accounts |
| Popular payment options | No MT4 or MT5 |
Is 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 Type | Deposit Currency | Minimum Deposit | Maximum Leverage |
| Essential Account | USD, EUR, GBP | $250 | 1:200 |
| Standard Account | USD, EUR, GBP | $5,000 | 1:400 |
| Premium Account | USD, EUR, GBP | $10,000 | 1:600 |
Leverage
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 Platform | Supported | Available Devices | Suitable for |
| Web Trader | ✔ | Web, PC | / |
| Mobile APP | ✔ | Mobile | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit 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.
