Lucrum live Bitcoin Broker Review | Everything that you should know about this Broker
Is Lucrum a good broker? And is this a safe Brokerage?
Lucrum live is new in the industry, so not much is known about them for the moment. They have a clear message and clean website that provides the information one needs to understand more about this brokerage. They work with full compliance thou they aren’t regulated for the European market, which allows them to offer a higher Leverage then Most.
ok so let us start with this Lucum review
Lucrum live is a new broker that was established in 2019. We have gone through in-depth of this Broker to get the essential and transparent information to our readers. Choosing the right Broker is a crucial part of a trader. Therefore, we never stick to publicly available information only. Besides, we contact the brokers’ representatives and take interviews of traders as a part of our broker review writing. Please go through this page on how we conduct our broker reviews.
Lucrum live started its operation quite recently. As a new broker, Lucrum live built a vision of transforming the trading industry. Its proprietary trading platform is straightforward to access, where traders can do Everything that they do with traditional platforms.
However, before investing in any broker, you make a depth analysis of it. Is it reliable to put your money into it? Is the price shown in this Broker accurate? To learn more, you can continue reading the Bitcoinbrokerslist Lucrum live broker review.
As modern technology continues to evolve the financial market from traditional to digital, many online brokerages emerge. A few of them might be frauds, and the others are professional and reliable, and this particular brokerage takes the cake as the latter, the Lucrum live.
The said online brokerage caters to traders from all walks of life and provides a vast selection of assets to trade like forex pairs, commodities, indices, and cryptocurrencies.
Since 2019, InvestiGram has been in business, and they are located in Griffith Corporate Centre in St. Vincent & the Grenadines. Looking at the year, the brokerage is younger compared to other brokerages. However, the platform offers a new trading platform which is intuitive and easy to trade with and can compete with older brokerages.
Even with its young age in the industry, the Broker is already making its name heard. Also, traders from all backgrounds are warming up to the Broker with its excellent client support and account types.
LUCRUM Pros and Cons
- Sophisticated trading platform
- Varieties in trading accounts.
- More than 400 trading assets.
- Fast execution and tight spread
We have found that Lucrum live provided all their legal documents publicly available during our review, which is a vital sign of transparency. Moreover, people can contact them in any language, and the Broker will translate it with their language.
Moreover, based on the brokers’ Anti-Money Laundering Law and Know Your Customer Policy, the brokers show a reliable procedure for those who want to open accounts with them.
The matter of concern regarding this Broker is that it is an offshore broker. Therefore, it often does not follow the local regulation of a country. However, offshore brokers do not mean a scam. We found that this Broker follows the same standard for every trader around the world. Moreover, as this Broker is an offshore broker, it can provide higher leverages, limits, lower costs, etc.
LUCRUM TRADING PLATFORM
Lucrum live provides a world-class trading platform, which is very advanced and sophisticated with many features than traditional MT4. Therefore, it is an indication that this Broker focused on technology, advanced features, and the maximum trader’s facility.
There are millions of traders and investors who are using this trading platform to trade in the financial market.
The Lucrum live Platform offers advanced trading functions, with excellent tools for both technical and fundamental analysis. In addition to that, it provides access to the platform from desktop, android, iOS, and Mac.
Key Features of MT5 is mentioned below:
- More than 500 financial instruments to trade.
- leverage up to 1:200
- No slippage, no requotes.
- Most advanced platform.
- Available on Windows, Android, and Apple.
- Different timeframes with built-in indicators.
- One-click trading.
- All order types, including limit orders.
- Advanced real-time charting.
Trading Products at Lucrum live
Lucrum live collaborates with several international platforms to provide the maximum level of trading products and instruments. Based on our findings, traders can operate their trading activities on the following instruments:
- Spot Commodities– You can trade spot gold and commodities in the Lucrum live trading platform.
- Currencies– Lucrum live supports more than 50 currencies, both majors and exotics.
- Spot Energies– Spot energies include Brent, WTI Crude Oil, and Natural Gas with competitive conditions.
- Cryptocurrencies– Lucrum live offers Bitcoin, Ethereum to trade in digital currencies with daily market analyses.
- Shares– You can buy and sell more than 500 shares around through the Lucrum live platform.
After registration, clients can choose between six options to optimize their trading experience. The types of trading accounts depend on the trader’s requirement, taste, and trading experience.
Let’s have a look at the summary of all types of trading accounts in Lucrum live.
- Lucrum live Mini Account is for new traders who want less risk.
- Lucrum live Standard Account is for experienced traders.
- Lucrum live Gold Account for those who can trade large volumes
- Lucrum live VIP Account gets more analysis and proactive trading guidance from our experts.
Lucrum live VIP Account
The minimum required deposit is $50,000 for what we learned ( we did of course not invest this)for the Lucrum live VIP account. In the VIP account, traders can have the maximum facility by the Broker. However, the detailed information of this account type is not available on the website, but if you are interested in making such an investment in this Broker, you can contact them through live chat.
Moreover, there is an Islamic account for traders who are Muslim. For Islamic accounts, you can avail of the swap-free facility.
During our review, we did not find any information regarding the spread. However, clients can choose their preferred payment method from debit cards, credit cards, or even via wire transfer while making a deposit.
The minimum withdrawal amount is 250 of the client’s base currency, and there are no hidden fees, nor does it charge transactions. However, depending on the clients’ chosen method, a bank may charge a service fee.
The support system of a broker plays a vital role in making it trustworthy among traders. In Lucrum live, the user interface and the support system is very easy for traders.
The best way to contact them is based on the live chat, which is available 24/7. The LiveChat software is provided by a Polish-based company, which is known as LiveChat software.
Lucrum live’s support team is very knowledgeable, and they provide all information very fast. Besides the support team, other contact details if this Broker is available at the bottom of its home page.
- Physical Address: Stoney Ground, Kingston, St. Vincent & Grenadines
- Email: [email protected]
- Phone: +442033182403
Lucrum live is authorized and regulated by the financial regulation of St. Vincent & Grenadines.
Based on our review, Lucrum live is a new broker with a sophisticated trading platform. Therefore, if you are enthusiastic about trading in the financial market with a portfolio diversification with a high-class trading platform, Lucrum live is the best option for you.
Moreover, the varieties in trading account types make this Broker flexible for all traders’ levels, from newbies and professionals. Even though the Broker has only one regulation from St. Vincent and Grenadines, it follows all the standard of regulation from the regulating authority,
However, we recommend you to research before making a deposit. Moreover, you can start with a free demo account to test the execution and trading environment.
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