Lucky Sixtrade is a CFD broker with its official domain registered on September 20, 2023. This broker primarily offers investment services to investors in markets such as forex, cryptocurrencies, indices, stocks, energy, and commodities. It does not provide services to countries and regions where doing so may violate local laws or regulations.
Company Registration Information and Regulatory Status
According to information on the Lucky Sixtrade official website, the broker was established in 2016, claims its company entity is VLS, and asserts that it is regulated by the Australian Securities and Investments Commission (ASIC). However, the broker has not disclosed the company entity registration information or detailed regulatory information.
After verification, no regulated company named "VLS" could be found in the records of the Australian Securities and Investments Commission (ASIC).
Therefore, Lucky Sixtrade is essentially a fraudulent broker website with no company entity and no regulation.
Account Opening Process
The account opening process at Lucky Sixtrade involves visiting the broker's official website, clicking on the "Open Account" button on the homepage or "SIGN UP" in the top right corner, entering the account registration page, and filling in personal information such as name and email, setting a login password, and submitting it. Once the account verification is completed, the registration is successful.
Trading Instruments
Lucky Sixtrade offers customers a variety of trading products including forex, indices, commodities, stocks, and cryptocurrencies.
- Forex: Forex trading involves the exchange of different currencies, known for its high liquidity, allowing traders to profit from exchange rate fluctuations.
- Indices: Index trading allows speculation on the performance of the entire market or specific sectors without trading individual stocks. By exploring popular indices, diverse trading opportunities can be discovered, and high leverage can be utilized to enhance potential returns.
- Commodities: Commodity trading covers the key resources of global markets, allowing traders to buy and sell various raw materials, including metals, energy, and agricultural products.
- Stocks: Stock trading enables investors to participate in the price fluctuations of public company shares, earning profits based on company performance and dividends without actually holding the stock.
- Cryptocurrencies: Cryptocurrency trading offers digital currency enthusiasts the opportunity to profit from highly volatile assets.
Investment Plans
Lucky Sixtrade offers four different types of investment plans: STARTER ACCOUNT, CLASSIC ACCOUNT, PLATINUM, and FOREX SIGNALS.
STARTER ACCOUNT:
- Minimum deposit: £500
- Minimum expected profit: £3,500
- Maximum expected profit: £5,000
- Trader education*
- Risk management
- Tax-free spread trading profit
CLASSIC ACCOUNT:
- Minimum deposit: £5,000
- Minimum expected profit: £45,000
- Maximum expected profit: £50,000
- Expert news and analysis
- Competitive spreads
- Advanced trading tools
- Tax-free spread trading profit
PLATINUM:
- Minimum deposit: £10,000
- Minimum expected profit: £99,999
- Full benefits
- Trader education*
- Advanced risk management
- Tax-free spread trading profit
FOREX SIGNALS:
- Professional forex signals
- Up to 10 signals per day
- 95% success rate
- 24/7 support
- Advanced trading tools
- Bitcoin payments only
- Use any broker
Trading Platform
Lucky Sixtrade provides a self-developed trading platform for users and claims the platform has an average order execution speed of less than 7.12 milliseconds with extensive aggregated liquidity providers and more than 12,000 orders executed per second. However, clicking on the provided download link shows the MT4 trading platform, and no broker named Lucky Sixtrade could be found on the MT4 platform.
Deposits and Withdrawals
Lucky Sixtrade does not support deposits and withdrawals via credit cards or bank wire transfers, only allowing transactions through cryptocurrencies.
Conclusion:
Traderknows reminds investors that Lucky Sixtrade is a scam broker that lures investors with high returns. The website has no actual company entity or any regulation. Investors are advised to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is labeled as a "Scam" on Traderknows.
