“Dominate the Markets” and “Boost your Market Performance” — these enticing slogans seem too good to be true. At first glance, Lucrado looks like a typical trading platform, but something feels off. A search for reviews online didn’t provide much, so we’ll have to figure things out ourselves. Let’s find out whether this company is a scam or not.
Brief Overview
- 🖥Official Website: https://www.lucrado.com/
- ✈️Contact Address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960
- 📞Customer Support: [email protected]
- 🔐Licensing and Accreditation: no
- ⏳Track Record: 2024
- 🧰Specialization: brokerage service
- 🤝Terms of Cooperation: $250, 1:600
- 💰Additional Services: personal account manager
Lucrado.com Examination
The broker’s official website may seem decent at first glance, with its dark background and bright accents. However, it’s filled with clichés and bland graphic choices, as if the site was made from a template. Nothing unique. Phrases like “Dominate the Markets with Profit” are pure bait, meant to lure you in, which should raise suspicion. The website uses grand language, promising impossible results, but in reality, offers no concrete details. The content is saturated with marketing buzzwords, leaving users without real information about the company’s services.
While the fonts themselves aren’t problematic, the mix of sizes, boldness, and letter styles is distracting. The pages are overloaded with large phrases and tiny text at the bottom. The site is only in Spanish, even though the contact section lists phone numbers from six different countries. We had to use automatic translation to view the page in English.
As for the images on Lucrado, everything feels very generic: standard pictures of people in suits and charts with skyscrapers in the background. It feels like these were just pulled from free stock photo libraries. There’s nothing in the photos that inspires trust or professionalism.
In conclusion, lucrado.com is a collection of clichés and mistakes, clearly designed to attract beginners with flashy promises and pretty pictures. However, from a technical and informational standpoint, the website is poorly executed and raises more questions than it answers.
Company Contacts
The contact details immediately raised suspicions. First, there’s the offshore address, where it’s unlikely the company’s real office is located. Typically, brokers register offshore but also establish branches in reputable jurisdictions. Here, that’s not the case. Only the Marshall Islands are mentioned. For a company claiming to operate in international financial markets, it’s odd that the website lists no offices or representations in major global regions.
Second, judging by the listed phone numbers, Lucrado seems to target clients from the South American region. This partly explains why only one language, Spanish, is supported. Are the phone numbers real? We doubt it, and here’s why.
Third, the email address is fake. The broker provides a single email, but writing to it is pointless. That email simply doesn’t exist. Furthermore, serious brokers typically have separate contact information for different departments, such as technical support, client services, and legal inquiries.
Key Conditions
The trading offer from Lucrado is difficult to call attractive or beneficial. The first thing worth noting is the high minimum deposit threshold. The broker requires $250 for the basic plan, $5,000 for the second, and $10,000 for the third. We’ve seen time and again that $250 is a common minimum deposit required by fraudulent companies. Why $250 specifically? There may be some hidden scheme behind this number.
Next, let’s mention leverage. Regulators typically cap leverage at 1:30, but the firm disregards these rules, offering leverage from 1:200 to 1:600. It’s clear there’s no regulation here, but we’ll address that later.
Keep in mind that margin trading with leverage up to 1:600 carries enormous risks. Traders using such leverage expose themselves to excessive risk, and scammers know this well. They intentionally offer these conditions, fully aware that most clients will lose money.
Another downside is that Lucrado hides key trading conditions, such as spreads and commissions. How can you evaluate the profitability of trading on this platform? You can’t — not until you make your first trade. And to do that, you’ll need to deposit real money, as there’s no demo account available.
Exposing Lucrado
Earlier, we mentioned that the company lacks licenses, which is evident from the leverage it offers. Indeed, there’s no mention of any financial regulators on the broker’s website. Any brokerage firm is required to obtain permission to operate so that clients can be sure they’re dealing with a legal intermediary they can trust with their money. However, in this case, there’s no regulation at all.
Legally, the company is registered in the Marshall Islands under the name CLEARVISION LIMITED. We managed to find this firm in the legal registry of the Marshall Islands.
However, it’s clearly stated there: “THIS IS NOT A STATEMENT OF GOOD STANDING”. In other words, having a registration does not guarantee anything. Registering a company in the Marshall Islands is easy and can be done remotely at a low cost. This is more of a red flag than a positive sign. Moreover, Lucrado has no branches or representations in other countries.
Their fake awards, such as “Most Innovative Broker 2021”, also deserve attention. The problem is, the company didn’t exist at that time. The scammers launched their scheme only in 2024. Although the domain lucrado.com was registered in 2019, it remained inactive until the summer of 2024. The scammers bought it and created the broker’s website. This can be easily checked through snapshots from WebArchive. For example, the snapshot from April 16, 2024, shows that the site wasn’t active before then.
What Reviews Do Users Leave?
Additionally, there are very few reviews about Lucrado online. A search yields only a handful of links with feedback. Clearly, this is a new platform, unknown to most. This lack of reviews is another red flag and a significant drawback.
Conclusions
This broker is a classic example of an offshore company hiding its true operations behind flashy promises and a template website design. The absence of licenses, excessively high leverage, and hidden trading conditions are all clear signs that this is a fraudulent platform. Investing here is extremely risky, and traders should not trust their money to this firm.
Pros/Cons
- None.
- The website is only in Spanish.
- No licenses have been obtained.
- A short operating history.
- Fake contact information.
These damn scammers stole my money. I mistakenly invested $1K here, thinking I was dealing with a safe intermediary. I wanted to make money in forex. I invested $1K to test the waters, and if things went well, I planned to invest another $10K. But there’s nothing good here. The spreads are huge, the terminal is terrible, and it’s impossible to trade profitably. But that’s not the worst part. The main problem with the company is the inability to withdraw funds. These vile fraudsters are ignoring me. They created a fake platform and are now stealing money from their victims.