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Lucror review

Lucror


On-line since: 2010
Country of origin: New Zealand
Regulation: FSP
Payment options: wire transfers, Visa/MasterCard, MoneyBookers, Liberty Reserve, transfers between trading accounts
Minimum account size: $50
Minimum lot size: 0.01 lots
Leverage: 1:500
Spreads: from 0.7 pips

About company:

LucrorFX is owned by Lucror Capital Markets LP. The company is registered in New Zealand and headquartered in Auckland. The broker is authorized by the Financial Services Providers Register (registration number FSP 62001) and is a member of the FSCL that examines disputes between clients and companies that provide financial services in New Zealand.

LucrorFX provides high-level services to both retail and institutional clients and effectively respond to the changing needs of traders and investors. This approach supports the long-term relations.

The broker’s advantages:

  • NDD and STP technology of orders execution;
  • currency pairs and precious metals trading;
  • popular MetaTrader 4 platform;
  • advisors are allowed;
  • 24-hour client support;
  • spreads from 0.7 pips;
  • Deposit Bonus up to 25%;
  • USD/EUR deposit currency;
  • swap-free and demo accounts are available;
  • multi-level affiliate program.

After a client’s application for participation in one of the programs is approved, the client will receive marketing and advertising tools that are designed to make trading more efficient. Over time, when the partner acquires a significant client base, he or she will be promoted to the levels of Webmaster Pro or Basic Agent and will be able to use commissions of a multi-level system. The number of clients and volume of trading are the criteria of the affiliate programs.

On the company's website, customers will find the "Training" section, which contains the Forex glossary, trading tips and answers to popular questions. The site is available in Chinese and English.

Leave your comments if you have ever worked with LucrorFX.

Lucror 2/10 (votes 2194)
Author of Lucror: Otniel | Date 2020-05-21
This broker is very unreliable and they don’t take good care of my trades and most of the time disregard my complaints. I haven't faced any serious problems at my first trading. Now, some difficulties has started. Their Execution is low and delay, even disconnect sometimes. They have a 20 seconds delay in trading and I am not joking. I lost $1232. Lucror is not recommend.
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Author of Lucror: Siti | Date 2020-02-14
They blocked my account without any notification. On last US unemployment news made $462 profit. Next day when I try to withdraw $400 through Neteller their live support tells me my account has been flagged for latency arbitrage. I can't get my money back. The price also was different from my other brokers because it was not real. They are really unethical and will steal your money. i tried to save my funds and withdraw but until now i cannot get a reply from them. they are a bunch of liars and a scam broker.
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Author of Lucror: Meralda | Date 2019-12-18
I appreciate that LucrorFX is trying to help us by providing up-to-date learning materials that we could use to strengthen our knowledge on Forex trading. I also like the fact that they have a reliable trading platform that works really well on all devices. However, the trading cost is just too high especially for a beginner like me. Their spreads are not fixed so it could go really high when the market is volatile.
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Author of Lucror: Florensia | Date 2019-11-12
I traded with Lucror for only 11 months and I recently closed my account. I had a real account with USD currency. My deposit was made with Wire transfer and credited after 2 working days. Their platform MT 4 works very difficult, with delays in execution and during volatility times the spread for EUR/USD is up to 8 pips from 0.7 pips. I called many times the support team but they put me on hold for ever. My trading involved currency pairs: EUR/USD, USD/CAD, USD/JPY, USD/CHF, USD/CAD. I lost all my funds, $750 and I closed my account
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Author of Lucror: Foccen | Date 2019-05-09
I hate the poor performance of LucrorFX's platform. It frequently have slippages and the spread always changes. I also don't know why the price charts are always delayed but one thing is for sure: their platform is unsteady. I already stopped trading at this broker because I have a feeling that with this kind of performance, I will be burning my pockets soon. Good thing, I didn't have any trouble taking back my capital and closing my account.
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Author of Lucror: MichaelToh | Date 2018-09-10
LucrorFX isn't safe for my invests and trading. As regularly I got an issue with LucrorFX broker. When close order, it didn't execute and if make a withdrawal, it almost one week. The main problem is the MT4 trading platform, as this is so simple, where my order execution was delayed. When I have a profitable position then it didn't work by hitting TP. But when my trade goes lose position then the position were closed automatically 10 to 20 pips lower from my SL position. Really LucrorFX platform is unprofessional and I had shocked with them in my trading.
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Author of Lucror: TinDuong | Date 2018-03-14
Recently I have faced a problem after a trade with LucrorFX broker. As their MT4 trading platform is simple so I am using their web terminal for trading. generally, my order execution was a delay for the slow server. Yesterday I had opened a position on EUR/USD but few hours later my trade was closed by hitting margin call. while I set stop loss but they closed my position 100pips lower! that's why I had to get loss $32. Really I was shocked with LucrorFX broker trading.
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Author of Lucror: Juhan | Date 2017-11-08
After trading for almost 4 months with Lucror, I noticed that their webtrader has had many problems and were never fixed and never will, why? their last few updates was nothing to do with fixing the issue. The updates has cause the platform very laggy and full of bugs. The UI will often not respond to your input such as close position or stop lose changes. I have opened an account with Lucror with $100 and when I have gained some profit for several months from trading and requested for withdrawal of 360.30$ they suspended my account saying that my paypal account is under investigation. I cannot withdraw the profits because of it. Communication seems to be a big problem with Lucror and with that, I will never trade with them again and i thought i should share this with fellow traders.
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Author of Lucror: Reme | Date 2017-10-17
A lot of slippage, re-quotes and rejects, unresponsive and bad customer service, LucrorFX always trades against their clients, these has happened to me so many time, server is always tripping off when I am trading which always go against me this has brought so many loss, they love using every ugly trick to get someone, the last trade I made EUR/USD the server went off immediately I was a about making profit, this really made me feel so bad. I am tired of LucrorFX they are full of manipulation.
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Author of Lucror: Anolan | Date 2017-09-18
Lucror in my point of view is a broker which primarily offer NDD and STP technology but still lack of trade execution for certain time. I have been using the trading platform nearly to 9 months and experienced broken and frozen across the platform especially during the news releases. Besides, the trading platform don’t display the SL and TP function properly which complicated the charting activities. Recently, investing $100 and losing more than 30 pips in EUR/USD position in fact I already took the take profit setting to minimize the risk of loss. Unfortunately, the setting was not well-functioning and I was disregard about this. I contacted to finance department seem they just ignore my part with dismal feedback. Very depraved support and they shouldn’t treat client like this!! Please be careful with Lucror!
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