Lucrum Review | What is Lucrum ?
Lucrum Live is a relatively new player in Forex business that mainstays on cutting-edge technology and striving to propose good conditions and knowledge to world traders.
Eventually, Lucrum Live is a brand name used by a quite known company ITM SOLUTIONS LLC . So its states about professional approach are also confirmed by other experience in Forexand Trading industry it has.
Despite the fact that Lucrum.Live is rather a young broker, it already serves over 10 thousand traders from different corners of the world. This could be an impact of harmonized trading conditions broker offer, while beginners will enjoy simplified conditions and fast account opening and may learn from Forex education Lucrum Live provide.
And professionals will find some of the innovative tools available also with great access to the platform and its powerful trading options with no restrictions. However, read the full article and learn through our Lucrum Live Review their conditions better before you decide if this is the broker you want to signup with.
Leverage being a very powerful trading tool, since magnifies your trading capital in a certain number of times, offering you great opportunity to gain higher income by the trade of smaller amounts. However, leverage hides higher risks as well, so you should always learn how to use it correctly on which instrument to apply it or on which one not.
Recognizing its risks, regulatory bodies in various jurisdictions for recent years significantly lower allowed levels or the one that retail traders may use. Yet, since Lucrum Live will offer you the following leverage conditions.
- Internationalproposal includes leverage ofup to 1:100
- Professional tradersmay access high leverage up to1:200 once the status confirmed
Next point to check within our Lucrum Review is a range of account types that you may choose and specify conditions more suitable for your trading need or experience.
Moreover, Lucrum Live supports traders following Sharia belief soIslamic Accountavailable for every account type offered with tailored conditions according to restrictions.
they offer currently 3 accounts that all depend on the amount you plan to trade with. you have acess to all the services but the higher the account status the more assistance you get. so that would be the VIP account in this case. the regular account for beginners starts at $250
As for the available markets, Lucrum offers trading on CFD basis with availability over 500 assets including popular Currency Pairs, Cryptocurrencies, Indicates, Energies, Metals, Stocks while its range continues growing. Even though some traders may find it that proposal based on CFDs is rather limited, there are numerous advantages of this type of trading as well.
While the main of it is a simplified way of trading, where you don’t need to worry about contract rollovers or connection to a particular exchange, simply through the selection of trading instruments in Lucrum Live platform you open chart and start trading, which is definitely a benefit.
Of course one of the most interesting points for you in our Lucrum.Live review is costs and spreads which broker offers to its clients. Obviously, these costs are depending on the account type you use, as well as what trading size you operate.
but overall we found that the costs are market competitive d, they are not the cheapest by far not the most expensive, they currently do not offer ECN so for traders that look to trade ECN this would not be the best option for you. and FP markets for example would be a better solution
Our find on their Forex fees
Simplifying an answer, Lucrum Live does not charge a commission but base its costs on a spread only.
This means all you have to pay for provided trading service and capabilities is a spread, or a difference between the sell and buy price charged for every position you make. Spread is also defined by the account type you use.
Besides, additional chargeSWAP or Rollover fee is paid if you use swing strategy or holding positions longer than a day. H
Deposits and Withdrawals
Being a unregulated broker Lucrum Live does not fall automatically under the money management rules, which means clients’ funds are always kept under protective measures and segregated at all times. this said they do enable safe transactions, means you can unprecedentedly transfer fund to or from your trading account.
Deposit fees and Options
Lucrum Live offers to deposit funds through the most common payment methods, through the use of popular providers. It may seem at some point like a limited choice for any broker, yet those methods are the most convenient and safe.
- Bank Wire Transfer
- Credit Card, Debit Card
Minimum deposit requirement
Typically, the veryminimum deposit is set to a EUR 250 allowing you to open a standard account, while Higher grade account will require bigger amounts of money. What is also great, there is no charges for depositsso there is no any commission, however always define it with your payment provider or Bank itself as international laws may vary.
The trading platform you will use for the trading process itself is an industry leading, popular and highly regarded Lucrum Live webtrader. We are not surprised why Lucrum Live offers this software and does not provide any other platform, the platform is flexible and packed with great features so almost you don’t want to search for something else.
Web Trading Platform
the Trading Platform offered by Lucrum is a full service a Web Version, while if you wish you may install a Desktop platform as well. Yet, all features are available and synchronized on all devices. Web Trading is definitely very comfortable since you don’t need any computer high specifications or capabilities, all you need is a browser and internet connection and platform will be available for trading right away.
Look and Feel
the trading platform is known for its great charting, customer-friendly design and intuitive navigation. So even if you not familiar with the platform you will get easy with it, also make sure to learn it well with education materials Lucrum Live provides too.
With a platform you will have a full track over your opening and closing of positions, also with numerous order types available including stop loss, limit loss, etc.
Mobile Trading Platform
The mobile app is also available and suitable for any mobile device you may use. Together with customized features you may even choose from defined chart types, check your fee report, enable one click trading and more, all available on the go.
Another important point while selecting a broker is to see its customer support, as you should find a quality answer and support in any matter you may have along the trading process. The good news are that Lucrum customer support is on a quite sustainable level, so you may refer to your concerns either through Live Chat, email or phone if it is better for you. Yet make sure to contact them within working hours, as customer service world 24/5 only.
Education and Research
One good advantage of Lucrum Live is its supportive model for any type of trader you may be. There are numerous organized education and Forex learning materials, while the broker also runs courses defined by the level and topic you’re interested in. There are organized tools either for beginning traders or the ones that are interested to engage in social trading.
Overall, Lucrum Review shows us a broker with a quality trading proposal including a good range of the trading instruments to choose from while all available though popular, intuitive trading platforms.
What we would like to highlight that despite the strategy you may follow most probably there is a good opportunity or option for you. However, be sure that CFD trading is the right choice for you since Lucrum offers assets on a CFD basis only.
Yet, it is always great to hear your personal opinion about Lucrum . So you may share your experience or thoughts or discuss them below or ask us for additional information.
Lucrum Trading services
Lucrum Review shows us a broker with a quality trading proposal including a good range of the trading instruments to choose from while all available though popular, intuitive trading platforms.
- No deposit fees
- User friendly design
- No limitations on strategies
- Web, Mobile and Desktop versions
- Demo account
- Education materials provided
- Limited deposit and withdrawal options
- No any other platform offered
- Not Regulated
- Trading conditions 0%
- Trading experience 0%
- Trading Platform 0%
- Assets Offered 0%
- safety 0%