Lucrum Pro Review , ethereum Broker review
is Lucrum pro a good option when i want to trade Ethereum ?
Lucrum Pro Review
Is Lucrum pro a good option when I want to trade Ethereum?
Lucrum Pro offers trading in ethereum and other cryptocurrencies ( not that many see below) under right trading conditions. so Yes they would be a suitable solution for you if you look to trade ethereum or Bitcoin
I had to say the name out loud a few times to get a sense of how to pronounce it, and it has to do with Profit ( lucrative comes from there I think)
anyway let’s dive deeper into this brokerage
Lucrum Pro is a trading & investment brand operated by Econdary LLC. Lucrum Pro is a newly launched brand to address the European Market. We believe they will achieve success as they offer many elements to establish a direct CFDs brokerage to all classes of clients, from institutions to individuals.
The core value of Lucrum Pro is said to be built in 3 pillars: Innovative Trading Tools, Innovative Trading Platform, and Excellent Trading Conditions.
Lucrum Pro Quick Overview
|Time for Opening An Account||30 seconds|
|CFDs – Total Offers||60+|
|Deposit Methods||Credit cards, Bank Transfer|
|Demo Trading Account||Yes|
|Base Currencies||USD, EUR, GBP|
|Min. Spread||0.3 pips|
|Leverage||Up to 1:200|
|Currency Pairs||40 +|
|Commission Fee Class||Low|
|Depositing with e-wallet||No|
|Mobile Application||iOS, Android|
Lucrum Pro Safe or Scam?
At this time, we would say safe. There is yet no negative activity or bad reputation; this could be because they are reasonably new . that said the moment a broker starts to make problems and is a scam, we, in general, know this really within days and write accordingly. Bad reviews tend to travel faster and wider.
According to a survey, in the third quarter of 2020, Lucrum Pro had over 2,000 active users with 25+ new registrations per day. The average trade also reached nearly half a million per month. Most clients participating in that survey said that regulation was the most crucial trait maintaining their loyalty to Lucrum Pro.
Lucrum Pro Leverage
Lucrum Pro offers different leverages varying by the trading instruments. The maximum ratio is 1:200, while the lowest one is 1:2 for crypto trading.
You can always check the specific leverage for each asset on the Lucrum Pro website and make sure your account meets the margin requirement to trade with no interruption.
Lucrum Pro Account
You can choose from our four account types: Mini, Standard, Gold, VIP and Islamic. Whatever your account type, at Lucrum.pro you get a personal and professional service, access to our 24/7 online support and educational services, Desktop Platform trading platform, with unlimited charts and technical indicators, automated trading and mobile trading software. As you increase your deposit, you receive more services.
Mini forex trading accounts are for new traders who want less risk. Standard accounts are for experienced traders and Gold accounts are for those who can trade large volumes. VIP account holders get more analysis and proactive trading guidance from our experts.
Lucrum Pro also provides a free demo account for clients. This account simulates the real-time Market with full features and instruments so that traders can practice their skills or test new strategies without the monetary risk.
Lucrum Pro Market instruments ( range of Market)
Regarding financial instruments, Lucrum Pro gives clients chances to trade over 60 assets, including 40 currency pairs (major, minor and exotic pairs). The other categories are precious metals (silver and gold), energy carriers (Brent and WTI crudes), indices (from the major economies) and the novel cryptocurrencies.
Lucrum Pro Fees
Lucrum Pro offers average spreads. This feature is the result of Lucrum Pro using various liquidity providers including some major banks like Dukascopy and UBS (Switzerland), Barclay (UK), CitiBank (US), Deutsche Bank (Germany) and more.
Lucrum Pro Deposits and Withdrawals
Once being a client of Lucrum Pro, you can make payments with ease since all transactions are processed as fast and secure as possible. Furthermore, you also have to pay no fee for these activities.
Lucrum Pro accepts credit cards and bank transfer, e-wallet is unavailable at present. For base currency, you have three choices among USD, EUR and GBP. If your bank account shares the same currency with your trading account, then you aren’t charged the conversion fee. If not, you can ask your bank or card issuer for further information.
For deposit, you have to fund at least $250. For withdrawal, you can cash out by the same way you put money in.
The trading platform is one of the three pillars holding the core value. As such, Lucrum Pro has worked with dedicated traders software developers as the exclusive platform for all versions.
Thanks to that, Lucrum Pro can offer the services on not only forex and other classic instruments but also the cryptocurrencies which have just emerged recently.
- Real-time quotes.
- Easy to use.
- One-click trading.
- All order types, including limit orders.
- High-speed execution.
- Chart-based position-keeping.
- Customizable indicators.
- Advanced real-time charting.
Back to the platform of Lucrum Pro, you can download the software for your PC (Windows, Mac, Linux). You Trader platform software is already integrated with Lucrum Pro so you can start trading immediately.
How to open an account with Lucrum Pro
The Lucrum Pro review process of opening a new account is fully digital, hassle-free and fast.
Steps to open a Lucrum Pro Account is similar to that at other brokers. Investors have to fill in an application with essential information like name, phone, email, password before verifying their identity with relevant documents like ID, passport or driver license.
Lucrum Pro offers trading services that meet the demands of all traders regardless of their levels, so there are no classification questions or questions relating to data collection. Thanks to that, it significantly reduces the required time for opening an account. Typically, your account needs no more than one day to be all set.
Whenever the Market is on, the support team is available. Clients have various ways to contact Lucrum Pro support, including phones, live chat or email.
Besides, since trading is an activity likely to cause conflicts of interest, Lucrum Pro has built a complaint procedure to bring about the best solutions for arising issues.
Its prestige is a result of the firm regulation supervised by reputable administrations, the full range of policies to protect clients, to deal with complaints and the transparent financial operation.
Lucrum Pro delivers a seamless trading experience from opening the account with ease to quick payments, low and transparent fees to the immediate trading environment. This continuity of trading experience overwhelms and eventually eclipses the limitation in leverage or trading bonus.
Lucrum Pro aims to bring equal opportunities to get rich to every trader. This purpose is promoted by the way Lucrum Pro set a reasonable initial deposit of $250, an accessible education centre for all clients, plus various analysis articles.
And last but not least, they have dedicated customer support that knows the clients and are always ready to help.
Overall, Lucrum Pro may not be the best all-rounder and still has drawbacks, but in some specific aspects, it meets the basic needs of the majority of traders. T
Lucrum Pro mission is to reform the online trading business by building an efficient trading system based on three pillars, also three features that this broker offers, namely, Innovative Trading Platforms, Innovative Trading Tools, and Excellent Trading Conditions. Through that, Lucrum Pro believes that clients could make more educated trading decisions.