The site is operated by CLEARVISION LIMITED, registered in the Republic of the Marshall Islands. The company claims that its platform was founded by financial technologists and experienced traders. Besides, the firm is allegedly known in the industry for its exceptional customer service and its award-winning cutting-edge technology. However, the organization does not provide any evidence to support these claims.
Is this platform reliable? You will find out in our review, where we will talk about the activities of broker Lucrado.
How to Trade
The company offers access to 250 trading instruments, including currency pairs, digital assets, as well as CFDs on indices and commodities. Three types of tariffs contain the following offers:
- Minimum deposit from $250-$10,000.
- Maximum leverage from 1:200 to 1:600.
- Lot size from 1,000-10,000 pips.
The brokerage firm promises instant execution, negative balance protection, and variable spreads. However, specific fees are not listed on the website.
Payments are possible via credit/debit cards, direct bank transfers, and e-wallets. Analytics are represented by daily analysis. Tech support is available 24/5.
Lucrado Vital Info
The owners of the company say very little about themselves. The three awards that the broker allegedly received since 2020 were presented by an unknown person and where, and the details were not disclosed. The reports are not published on the official website, and the start date of the project is not specified. As for the domain, it was created in 2019 and updated in May 2024. Most likely, the platform started working a few months ago, and the domain was bought, since it is not associated with the name of the management company.
What about registration and licensing? We decided to check the register of legal entities of the Republic of the Marshall Islands, which is publicly available. Yes, we found records for CLEARVISION LIMITED under the number 125496. However, brokerage activities are not regulated in this jurisdiction. In addition, we tried to find this organization and the Lucado brand in the global legal entity database, but were unsuccessful. So, this platform provides financial services without a license.
I decided to withdraw all my €1,540, as trading here brought me neither profit nor loss, but I withdraw the money to my e-wallet and the money does not appear, or rather, the operators write to me that the application is processed, but the money is still not there!! I do not know, perhaps this problem is only me, but the employees of this firm do not want to solve it, I see the standard responses.
Hello everyone! I invested 5,800$ here to trade with good profits. Leverage 1:400, tons of asset types - this indicates a decent platform. At first nothing foreshadowed trouble, but then I started to notice strange inconsistencies in quotes and other bad signs, my deposit was rapidly decreasing in crypto trading, trades were going into the red. I started to study Lucrado in more detail, and it turned out that the company's activity is very probably fake. There are inconsistencies in the name of the site and with the legal entity on Marshall Islands, it is possible that there is no such company at all. I applied for withdrawal of my money, I had 4,720$ left, as I had managed to lose almost a thousand dollars. However, these 4,720$ are still on the balance in lucrado.com, although 2 weeks have passed :( Did I stumble upon a scam? And nothing can be done now? Guys, have you faced such a situation? How did you solve the problem? Can you tell me something, are there any solutions? Or should I forget about my money and cry because some anonymous crooks fooled me like the last fool? I guess I should forget about my money?
Experience tells me that such companies should be immediately excluded from the market and their managers held accountable. My lost deposit of $12,680 is not just lost funds, it is a matter of honor for lucrado and its professional reputation.
Where is the broker's license? Brokerage companies are required to obtain a license for their type of activity, which guarantees a certain security for client funds. But for some reason, this firm does not hold a license. Besides, I never could find information on their official website about their term of operation. The date of foundation is simply ignored for some reason. When was the company founded?! This is a big mystery. However, if we take into account the total silence on the Internet about lucrado, we will realize that this is hardly to be some old and well-known intermediary, most likely, this company is a newcomer to the financial forex market. I do not advise anyone to trade here, as your interests are not protected. It is profitable for this firm to make you lose in trading, and they will do everything they can to make you fail, as this is a B-book scheme. You will not be able to complain to anyone as there are no regulators of lucrado.com activities. You should not trade with illegal brokers, better give your money to vagrants who sleep on the streets.
I transferred 7,500 US dollars to the account of this company because the broker promised me constant support and service. And what happened in the end? I don't have a dime left after 2,5 months of work, and communication with support turned into my endless waiting for an answer until I received an automatic message that the number was no longer in service. THIS IS A SCAM!!!
This broker has a significant disadvantage - poor technical support. For any urgent question I have, I have to wait an extremely long time for an answer from them. This annoys me at LUCRADO, although I had to contact them only a few times in three months of work. I waited a long time for an answer yesterday, and in the end they offered me a solution - to reboot my computer ... This is total unprofessionalism, I hope that the managers will deal with this issue.
I made a deposit from a crypto wallet using the bank account of the manager of this firm, in cryptocurrency 0.5 ETH, but the trading did not generate income and I can't withdraw the balance back now... lucrado accepts money any way, but won't give it back...
I prefer to trade only with exchanges that have many real users and are officially registered in a country where I can easily travel to. This project is not an exchange, it's a CFD dump that exclusively offers these bullshit CFDs, it’s a fake market with no real liquidity. However, if LUCRADO were operating legally, I would not say anything bad about it, because CFDs are also a tool, you can trade with them with profit. There are good CFD platforms out there, but this is not the case with LUCRADO as they are scammers and they lie all the time, they have no legal registration and these scammers operate illegally.
I think the main negative thing I encountered here was the fees. They are large, and they are split across a wide variety of services. To be honest, when I registered on lucrado.com, I checked all the clauses of the user agreement, and I could not interpret them unambiguously, all this is deeply learned in practice. The commissions are distributed so cleverly that they seem insignificant individually, but in total they turn out to be simply enormous. The question immediately arose in my mind: whether it is worth working here at all, or whether it is easier to move to another broker, which treats its clients more honestly and does not hide the full amount of commissions upon registration.
This is a solid broker. I have been working here for 5 months, and there are no slips, delays and other nonsense, the terminal is designed at the highest level. I contacted support a couple of times, the requests were more about problems on my part, and the employees of this company helped me always promptly👍I am satisfied.
I advise everyone: if you have the opportunity, open the second or third level of the tariff plan right away. I made good money on the growth of crypto, so I was able to afford a third type of account at Lucrado with a deposit of 10,000 USD. Now I receive daily fresh analytics on the crypto market from a personal expert, which helps me to make more competent transactions and earn even more. These daily consultations with a knowledgeable analyst are great for my trading. Personal manager helps me to get deep into technical analysis, fundamental analysis and so on. Besides, he gives signals, I use them too, but according to my own strategy, so far I have 100% profit on signals, but it is a pity that they are very few, 2-3 per week, not more. However, you can make a profit on lucrado.com even with a small balance, here the entry threshold is low.
I recommend you to cooperate with this company for a large number of reasons, not the least of which is the availability of a convenient mobile application for trading and investing. Not all people have the opportunity to trade from the desktop and promptly respond to the received signals, so for this purpose the developers have invented mobile trading terminals. You can perform such actions quickly enough, literally from anywhere in the world. Accordingly, you will be able to implement your trading strategy much more effectively. This is one of the main reasons why I work with LUCRADO, it is an advanced broker.
I did not like the fact that the interface and the documents regulating the rights and obligations of the parties are in Spanish. I was very disappointed, because without knowledge of this foreign language it was difficult for me to translate everything through the online service. However, this is not the only disadvantage. The terms of cooperation were also unfavorable. Besides, I did not use the leverage because I am afraid of getting into debt. I should note that Lucrado has no swap discount on the lowest tariff. I think I will have to move on from this broker eventually.
Withdrawal works well here: I made a request and in an hour my earnings were on my card! I use the minimum deposit as I am testing the service. The only thing I would like to improve is the technical support. I am waiting a long time for their response.
I opened an account called Estandar. However, the profits did not add to my account for some reason. It took me a long time to figure out what was wrong? I even wrote to LUCRADO administration and kept asking them why I haven't made a single dollar so far, but all I heard in response was that I was trading badly and they had nothing to do with it. However, I found out on the forum that they are scammers who tweak the trading results. Moreover, the company is registered in an offshore zone, where crooks hide “dirty” money. It turns out that I have fallen into the usual scam!
I have been working here for a long time. Everything was just fine at first, commissions were quite low, especially when compared to competitors, good analytics are available. I liked that I can contact the support with any question and Lucrado consultants always help me, they recently told me how to solve a problem with an order, that is competent guys. However, serious delays with withdrawal of funds went on recently. In addition, the support service has gone silent - no one explains anything to me. I've been waiting for my €1,360 for two weeks now and I don't like it.