Broker Review

Introduction

Lucrado is an online trading platform that claims to offer access to various financial markets, including forex, commodities, and indices. The platform promotes features such as a user-friendly interface, advanced trading tools, and educational resources aimed at both novice and experienced traders. However, a closer examination reveals several concerns regarding its legitimacy and regulatory status.

Platform Features and Services

Lucrado advertises several key features:

• Trading Tools: The platform highlights real-time charts, technical indicators, and risk management tools designed to assist traders in making informed decisions.

• Asset Classes: Lucrado claims to provide access to a variety of financial instruments, including over 250 currency pairs, commodities, and indices.

• Leverage: The platform offers high leverage options, with some accounts reportedly providing up to 1:600 leverage. While high leverage can amplify profits, it also increases the potential for significant losses.

• Educational Resources: Lucrado promotes tutorials, webinars, and other learning materials to help users improve their trading skills.

Despite these claims, there is limited publicly verifiable information about the platform’s operational history, ownership, or corporate structure. Metrics such as the number of active traders, total funds under management, or daily trading volumes are not independently confirmed.

Regulatory Status and Legal Oversight

Lucrado asserts that it is registered in the Marshall Islands. However, the Marshall Islands International Registries, Inc. (IRI) does not possess the authority to regulate foreign exchange activities. As a result, Lucrado operates without oversight from any recognized financial regulatory authority.

Independent reviews and analyses highlight the following concerns:

• Lack of Regulation: Lucrado is not regulated by any top-tier financial authority, such as the Financial Conduct Authority (FCA) in the UK, the U.S. Securities and Exchange Commission (SEC), or the Australian Securities and Investments Commission (ASIC). The absence of regulatory oversight means that investors do not have the protections typically afforded by regulated entities, such as segregated client accounts, deposit insurance, or access to dispute resolution mechanisms.

• Warning Issued by CNMV: The Comisión Nacional del Mercado de Valores (CNMV), Spain’s securities regulator, has issued a public warning stating that Lucrado is not authorized to provide investment services or activities related to financial instruments, including foreign currency transactions. This warning indicates that Lucrado is operating without the necessary legal authorization in Spain.

• BrokerChooser Assessment: BrokerChooser, a platform that evaluates the safety of online brokers, has assessed Lucrado as not being a trusted service provider. The assessment cites the lack of regulation by any top-tier authority as a primary reason for this classification.

Transparency and Corporate Information

The platform provides minimal information about its ownership, corporate headquarters, or executive team. There is no public record of independent audits, financial statements, or official corporate filings. The absence of these details makes it difficult for users to assess the credibility and operational reliability of Lucrado.

Risk Assessment

Conclusion

Lucrado presents itself as a trading platform offering access to various financial markets. However, the lack of verified regulatory oversight, limited corporate transparency, and absence of independent verification of its claims indicate a high-risk profile.

Prospective users are advised to exercise caution and conduct thorough due diligence before engaging with such platforms. Opting for platforms with verified regulatory status, transparent operations, and positive user feedback can help mitigate potential risks associated with online trading.