Lucrado Review - Is It a Legit Forex Broker? - WikiFX

WikiFX | 2025-05-08 16:14

Abstract：Lucrado is an unregulated broker registered in Marshall Islands, specializing in different types of markets such as forex, indexes, and cryptocurrencies.

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.