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.

The intermediary charges a 30% commission for withdrawals from accounts of clients who do not perform any actions.

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.

FAQ

What are the key facts about Lucrado?

The company does not disclose the start date of the project, and there is no information about the license. Moreover, there is no certificate of registration of the brokerage organization on the website. Finally, although the management firm CLEARVISION LIMITED specified by the broker is listed in the registry of the Republic of Marshall Islands, it does not have a license and has no connection with the hero of our review.

What's the risk to my wallet when working with this broker?

Even if this brokerage firm is regulated, you should avoid cooperating with an offshore project. Note that if the regulator is outside your jurisdiction, you will not be protected in case of damage. Your risk of loss when trading CFDs is close to 100% with such a huge leverage of 1:600, limited by European commissions to 1:30.

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