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The information section of the broker is a bit out of date as it provides news from several years ago, so it is not useful.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

Mini Micro Standard
Minimum deposit 1,000 500 1,000
Minimum volume 0.01 one 0.01
Pairs 17 17 29
Gold and silver yes yes yes

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!

products New leverage
Main Forex pairs 30: 1 or 3.33% margin
Main indices, gold and minor Forex pairs 20: 1 or 5% margin
Lower indices, commodities and exotic Forex pairs 10: 1 or 10% margin
Actions 5: 1 or 20% margin
Cryptocurrencies 2: 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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