Lucretradecenter is a Contract for Difference (CFD) broker. Its official website, www.lucretradecenter.com, was registered on July 12, 2024. The platform claims to offer CFD trading services across various financial markets, including forex, indices, precious metals, energy, commodities, and cryptocurrencies.
Corporate Services
Account Opening Procedure
The steps to open an account with Lucretradecenter are as follows:
- Visit www.lucretradecenter.com and click on "START LIVE TRADING" or the "SIGNUP" button at the top right corner to access the account application page.
- Fill in your name, email address, and set a login password on the account application form. Once you submit the form, your account is successfully created.
- After logging into the account, users must complete the KYC verification process to start trading.
Investment Plans
Lucretradecenter offers four investment plans: Bronze, Minimum, Silver, and Gold. Each plan corresponds to different investment amounts and expected return rates (ROI):
Bronze
- Investment Amount: $300 to $550
- Expected ROI: 15.2% return within 24 hours
Minimum
- Investment Amount: $500 to $999
- Expected ROI: 18.5% return within 24 hours
Silver
- Investment Amount: $1,000 to $9,999
- Expected ROI: 25.5% return within 24 hours
Gold
- Investment Amount: $5,000 to $10,000
- Expected ROI: 35.2% return within 24 hours
Tips: Traderknows cautions investors that unusually high short-term returns do not align with the typical operations of financial markets, which are often unpredictable and cannot guarantee stable high returns.
Trading Platforms
The broker’s website claims to offer users proprietary trading programs like WebTrader, LucretradecenterTrade, and LucretradecenterOptions, as well as MetaTrader 4/5 and IXSocial trading platforms.
However, users can only trade via a web-based program accessed from the official site. The broker does not provide download links for other trading platforms, and Lucretradecenter is not listed in MT4/5 platforms.
Deposit and Withdrawal Methods
Lucretradecenter supports deposits via cryptocurrencies. For withdrawals, users can choose between e-wallets/cryptocurrencies, credit/debit cards, and bank wire transfers.
Social Media and Contact Information
Despite displaying icons for Facebook, Instagram, and Twitter on its website, these are merely images without functional links.
Users can contact the broker for customer support via phone, email, and the online form on the website.
Company Background and Regulation
Company Background
Lucretradecenter claims to have been established in 2009 and describes itself as an STP and ECN broker headquartered in the UK, operating under authorization and regulation in multiple jurisdictions worldwide.
According to its published information, the broker's registration and regulatory details in various jurisdictions are as follows:
- Lucretradecenter (SC) Ltd.: Registered in Seychelles with a registration number 8423606-1, regulated by the Financial Services Authority (FSA) in Seychelles, under license number SD025.
- Lucretradecenter B.V.: Registered in Curacao with registration number 148698(0), regulated by the Central Bank of Curacao and Sint Maarten (CBCS), under license number 0003LSI.
- Lucretradecenter (VG) Ltd.: Registered in the British Virgin Islands, regulated by the Financial Services Commission (FSC) in the British Virgin Islands, registration number 2032226, investment business license number SIBA/L/20/1133.
- Lucretradecenter ZA (PTY) Ltd.: Registered in South Africa, authorized by the Financial Sector Conduct Authority (FSCA), registration number 2020/234138/07, financial services provider number 51024.
- LUCRETRADECENTER: Registered in the UK, under the Financial Conduct Authority (FCA), registration number 11608007, license number not disclosed.
Additionally, the broker claims to have a corporate entity in Australia, with a registration number 2018AD947.
Regulation Verification
Upon verification, the UK Companies House website shows that the company with registration number 11608007 is "FLOWING SERVICE LTD," not "LUCRETRADECENTER." Moreover, FLOWING SERVICE LTD was dissolved on March 22, 2022. No company named LUCRETRADECENTER is listed.
Similarly, the Australian Business Register (ABR) has no record of a company with registration number 2018AD947.
Further investigation reveals that all regulatory information claimed by Lucretradecenter actually belongs to another broker, "Exness," and has been plagiarized to mislead investors.
Additionally, the FAQ section on the broker’s website lists the trading name "Epitome Market" instead of Lucretradecenter.
There are also multiple other broker websites with content and design nearly identical to Lucretradecenter's, such as Golden Pawn Trades Market, Reflex Options, and 247TRADING TARGETS.
Conclusion
Traderknows reminds investors that Lucretradecenter neither has a legally registered company entity nor is it under any effective regulation. It plagiarizes regulatory information from other legitimate brokers.
Investors should carefully consider their choice of trading platforms and prioritize those that are legally regulated and transparent to minimize financial loss and investment risk.
