Lucrum Review

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Lucrum Broker Review
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Lucrum was founded with the vision of becoming the world’s leading financial technology and foreign exchange broker. The company is considered a true STP, no dealing desk brokerage. It specializes in forex, Shares, commodities, CFDs and cryptocurrencies.

  • Trading Experience
  • Trading conditions
  • Security
  • Fees an commissions
  • Trading Platforms & Trading Tools
  • Customer Support

This is what has allowed Lucrum Pro to provide an overall superior product when compared to its competitors, which by itself is no mean feat. Since its inception, the company’s popularity has skyrocketed worldwide, allowing it to pursue rapid growth in a relatively short space of time.

ABOUT Lucrum

Lucrum was founded with the vision of becoming the world’s leading financial technology and foreign exchange broker. The company is considered a true STP, no dealing desk brokerage. It specializes in forex, Shares, commodities, CFDs and cryptocurrencies.

This is what has allowed Lucrum to provide an overall superior product when compared to its competitors, which by itself is no mean feat. Since its inception, the company’s popularity has skyrocketed worldwide, allowing it to pursue rapid growth in a relatively short space of time.

 

LUCRUM PRODUCTS AND TRADE OFFERS

Lucrum offers a wide range of investing tools and features. From a technology standpoint, it is in par with its competition. Lucrum offers a good of the demo account, which allows customers to experiment with their trades before committing real money. Of course, this doesn’t ever guarantee success, but it does help new traders learn the ropes and provides them with a platform where they have the flexibility to be more experimental without the risks usually associated with trading digitally.

 

Lucrum Accounts

The company offers a range of accounts to its clients, allowing them to choose one that best meets their needs. The account types are all very self-explanatory, so clients will know what category they fall into upon viewing the selection. The Mini account, for example, is ideal for beginners and features no commission to Lucrum itself as the broker.

This is very generous as well as being helpful to those new to trading. Mistakes are bound to happen to inexperienced traders, and success, when it arrives, can open up their eyes to the possibilities that trading offers. By providing a no-commission account, Lucrum helps new traders gain a foothold and grow their influence. However, the minimum deposit of $250 will still need to be met.

 

For those more experienced in STP trading, there are the Standard and Gold accounts.

For clients looking to trade based on institutional services and functionality, there is also a specialized account set up for these clients. Interestingly, there is also an Islamic specialist account type, which obeys Islamic trading laws as stated in the Quran and allows followers of the Muslim faith who engage in trading to remain compliant to the laws they live by. With Islam as the fastest growing religion on the planet and trades being conducted all over the world, this really is a progressive step for Lucrum .

For more information on the individual features these accounts offer, please visit the Lucrum website, although for the purposes of this review, we can confirm that Lucrum has done a commendable job of including all traders in its target audience. These specially crafted account types all have access to a wide range of markets including forex, energy, precious metals, commodities and the more portfolio-driven index CFDs. Each is given a much more in-depth explanation on the company website. However, we feel Lucrum has ticked all the boxes here.

LUCRUM COMMISSIONS AND FEE CHARGES

While the company is open and transparent about its commission structures and fee charges, this information isn’t exactly up in lights on its website. As we mentioned above, an indication of the commission is given on the breakdown of the various accounts page, but for VIP acocunts, the commission is more negotiable.

While more information explaining how this works is offered by the company in its terms and conditions page, the website could do a better job of explaining this.

In the company’s defence, anyone seasoned in this form of trading will understand why this is the case. However, for our Lucrum review, we feel a page dedicated to commission structure and fees would be a useful addition to the company’s website. On the other hand, another positive is that the company does not charge a fee for depositing funds. Admin or processing fees are an industry staple, and it’s refreshing to see Lucrum waive this in the name of customer support.

what others say about this Broker

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When all is said and done, Lucrum stands as a reputable broker . The trading community just likes these guys and that is quite priceless. In fact, reputation could well be considered the main selling point of this operator.

The only trading platform currently provided by the broker is their proprietary trading platform. The trading platform comes in several versions, covering Windows, Mac and Mobile platforms, though for the time being, Lucrum ’s versions does extend to Web Trading.

Lucrum Platforms

 

Lucrum deserves a mostly positive review. Fees are reasonably standard while trading conditions are very good. The range of assets offered for trading is not highly diverse, making Lucrum a more suitable broker for traders happy to focus on Forex, and the major metals and energies, and major stock indices only. Lucrum ’ reputation is fairly good. Its reputation for technology and trade execution is excellent.

 

CUSTOMER SERVICE LUCRUM

For CFD and FX brokers, establishing a reputation online can be a challenging thing to cultivate. Clients all have different requirements, and what works for one may not be suitable for another. Forex trading has never pretended to be simple, but a client or would-be client needs to know they are in safe hands. What is strange is Lucrum has worked hard on its website, especially the online trading portal that allows clients to log in and take advantage of its many features.

Most brokers use a testimonial page to establish trust. These pages usually contain legitimate quotes from clients that are proudly presented on the company’s own website. This seems like a real oversight for Lucrum and risks putting prospective clients off or driving them towards competitors. Knowing companies of a similar size (or even your competitors) are using a service that gives this service legitimacy.

While the company website may not feature a testimonial page, it does contain a page that asks prospective clients why they should choose Lucrum over any other broker. Customer service is emphasized as a major selling point here, and from reading client feedback on trading message boards, this is clearly an area the company takes great pride in.

Even worse, they may petition the host website in an effort to get negative reviews removed. The fact that Lucrum is reaching out to its (very few) dissatisfied customers in an effort to help them and resolve their complaints speaks volumes about the company’s commitment to customer service.

Those with more time to scour the internet will find further reviews that also generally portray Lucrum in a very positive light. Trading forums and the message board users that are on them seem to suggest that Lucrum’s clients are not just satisfied but overwhelmingly so. This is something the company should capitalize on using its own website.

There are negative reviews as well. While these are problems the company can iron out in time, it’s safe to say none of the negative reviews is criticizing Lucrum’s professionalism or competence.

Lucrum

PLATFORM FEATURES AND TOOLS

For our Lucrum review, we took a deep dive into its platform to assess its tools and features as well as its functionality and style. A pitfall many broker websites face is too many screens and graphics that can overwhelm and distract the user.

This can be particularly intimidating to new traders, so it’s excellent to see that Lucrum ’s platforms are simple to navigate and aesthetically pleasing to use. At no point did we feel overloaded with figures and metrics. The information we needed was clearly displayed, and by clicking on certain details, we were able to investigate further.

While the site didn’t function completely on ‘real-time’, it was close enough to be barely noticeable. Nobody taking part in active trading will ever risk missing any vital update as long as the platform is functioning. our Lucrum review noted that the sign up was fairly straightforward and simple.

The website also features a live chat service that upon first use was slow to reply, although we did try it out of office hours at first. A friendly team member who was happy to answer our questions met us on our second attempt. Usually, live chats are hosted by bots that are loaded with stock answers based on keyword prompts, but due to the complexity of our questions, we felt confident we were talking to a human being.

MOBILE TRADING

Lucrum live a downloadable platform that can be used with nearly any device. It’s actually quite impressive to see how many different forms its platform can occupy. This platform serves as downloadable software on a PC or Mac. Each one has been crafted specially and optimized to work on Apple or Windows products, respectively.

A more portable version of the platform is available as an app for smartphones. This app can be downloaded from Lucrum ’s website or Android and Apple’s own app stores. The app is also usable on larger tablet devices of the same operating systems and offers the same features as the desktop version.

Each piece of the software remains connected as long as the device hosting it stays connected to the internet with a seamless transition from Wi-Fi to cellular. Notification settings can also be used, which is essential for anyone working in trading.

Putting all the pieces together, Lucrum offers a comprehensive and user-friendly service that is designed with all traders, from beginners to seasoned experts, in mind. Having established an unassailable reputation based on professional experience and a thorough understanding of its markets, Lucrum has positioned itself on a unique and successful path. This success, however, is not just it’s own to enjoy.

By the very nature of what it does, the company’s success can be transferred to its customers, who are the ones suitably placed to take advantage of Lucrum ’ superb platform. Those who are new to trading will be handheld through the process and given an excellent start that would otherwise be difficult to obtain on such favourable means. Naturally, success in trading is never a given and cannot be promised by any broker, no matter how technologically advanced its platform is, but Lucrum Live the training wheels that increase the likelihood of success.

Regular traders will also appreciate the effort Lucrum has gone to when establishing a network and ever-connected Trader apps. If keeping one eye on the markets via your smartphone or tablet is second nature, then you’ll be right at home with these features as well as the analysis they offer.

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