Forex Lucrado Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.2

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.4

Business 0.7

Risk Control 1.0

Software 1.7

Regulatory 1.2

Terminal Snapshot

Lucrado Trading Conditions

Registered Region Marshall Islands

Operating Period 1-2 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@lucrado.com

Contact Number +56225952934

Website www.lucrado.com

Balanced Review

Pros & Cons

Pros

Diverse trading instruments: Forex, commodities, stocks, cryptocurrencies, and indices
High leverage options: Up to 1:600 available for traders
Multiple customer support channels: Email and phone support available
Popular payment options: Accepts VISA, MasterCard, Skrill, PayPal, and Neteller
Web trader and mobile app platforms for trading accessibility

Cons

No valid regulatory oversight
High minimum deposit of $5,000
Limited trading platform options (no MT4/MT5)
Lack of demo account for practice
Unclear spread and commission details

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Lucrado	Xtreme Markets	GLOBAL LIQUIDITY	AvaTrade
Operating Period	1-2 years	See review	See review	See review
Region	Marshall Islands	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.2/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Lucrado Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Essential Account	Beginner Traders	Low minimum deposit, access to various trading instruments	Suitable for small-capital practice
Standard Account	Intermediate Traders	Higher leverage, competitive spreads	Requires a minimum deposit of $5,000
Premium Account	Experienced Traders	Exclusive features, personalized service, lowest spreads	Requires higher trading volumes for eligibility

Account Opening Process

To open an account with Lucrado, users must follow a structured process that includes the submission of personal, employment, and financial information. Verification of identity is essential, requiring documents such as a government-issued ID and proof of address. Once the initial account is set up, users have the flexibility to upgrade to a professional account as they increase their trading activity or meet eligibility requirements.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (EUR/USD)	0.8	$0 (ECN: $3.5/lot)	Tight spreads for major pairs
Forex (GBP/USD)	1.0	$0 (ECN: $3.5/lot)	Competitive for major pairs
CFDs (Stocks)	0.5	$0 (ECN: $5/lot)	Variety in stock trading
CFDs (Commodities)	1.5	$0 (ECN: $5/lot)	Includes gold and oil
Cryptos (BTC/USD)	1.0%	0.1%	Variable depending on market conditions

Other Fees

In addition to trading fees, Lucrado may impose additional charges, including deposit and withdrawal fees, which vary depending on the payment method used. Inactivity fees are applicable if the account remains dormant for a specified period. There may also be platform usage fees if applicable, along with overnight interest (swap rates) for positions held overnight. Currency conversion fees may apply when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Lucrado User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

Eduardo Sánchez

Mexico

★ ★ ★ ★ ★

I was lured into investing with Lucrado after being promised guidance and support. I deposited $4500 to start, but after earning a small amount, they wouldn’t let me withdraw it. They kept asking for more deposits to access my funds. Eventually, my account dropped significantly, and I felt scammed. Do not trust this platform.

Carla Ruiz

Santiago, Chile

★ ★ ★ ★ ★

My experience with Lucrado has been frustrating. I found the platform to be user-friendly, but their customer support is lacking. I had issues withdrawing my funds, and it took far too long to get any responses from their team. While I enjoyed the trading options, the service needs serious improvement.

Miguel Torres

Barcelona, Spain

★ ★ ★ ★ ★

I have been using Lucrado for a few months now, and overall, I am satisfied. The trading platform is intuitive and fast, which has helped me execute trades efficiently. However, I wish they had a demo account to practice before investing real money. Still, I appreciate the variety of instruments available.

Sofia Kim

Seoul, South Korea

★ ★ ★ ★ ★

Lucrado has exceeded my expectations! The speed of transactions is impressive, and their range of trading options is fantastic. I had a minor issue with customer support, but they resolved it quickly. I feel confident trading with them and appreciate the accessible platform they provide.

Marshall Islands Market