LucrorFX Review – Is lucrorfx scam or safe?

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  • Country: New Zealand
  • Regulation: FSPR
  • Markets: Forex
  • Type: ECN
  • Minimum deposit: 500 USD
  • Method: transfer, Moneybookers
  • Commissions: yes
  • Scalping: yes

What is LucrorFX?

Lucror Capital Markets is a New Zealand-based Forex broker registered with the FSPR and FSP of that country.

The minimum to open an account is 500 USD, which can be done by transfer, Moneybookers or Allied Wallet.

The information section of the broker is a bit out of date as it provides news from several years ago, so it is not useful.

The platform he uses is Metatrader 4.

With LucrorFx these accounts can be opened:

MiniMicroStandard
Minimum deposit1,0005001,000
Minimum volume0.01one0.01
Pairs171729
Gold and silveryesyesyes

In July 2018, a new maximum leverage will be applied for traders residing in Europe by ESMA regulations. The same, which will apply to Forex products and CFDs we have in the following table:

Invest in the world’s leading social trading platform

Risk warning!

productsNew leverage
Main Forex pairs30: 1 or 3.33% margin
Main indices, gold and minor Forex pairs20: 1 or 5% margin
Lower indices, commodities and exotic Forex pairs10: 1 or 10% margin
Actions5: 1 or 20% margin
Cryptocurrencies2: 1 or 50% margin

LucrorFx Review

This broker does not have clear information on its website, where we can find several discrepancies.

The first is in relation to the minimum volume that they indicate, where in Micro they tell us “1”, so we assume that it is a batch, since in other accounts, such as the Mini, the minimum is 0.01.

Another detail to take into account is that the news provided by the broker, as well as the webinars, are obsolete since 2011, which tells us that there is not the slightest update from this broker.

For more information, visit the website.

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