LUCROR

LUCROR, operating under the brand Lucror FX, is a retail forex brokerage firm registered in New Zealand. According to public records, the company was established on 17 November 2017 and is domiciled at 1005, Level 10, 300 Queen Street, Auckland 1010. The broker presents itself as a provider of online trading services, though its official website (lucrorfx.org) currently displays only an Apache default page, indicating no active marketing or client-facing platform is accessible.

Our review relies on the information available from regulatory registers and industry databases, as the absence of a functional website limits independent verification. The broker targets retail traders, offering a limited range of instruments including currency pairs and spot gold and silver, with a minimum deposit requirement of $1,000 and a maximum leverage of 1:200.

LUCROR is listed on the New Zealand Financial Service Providers Register (FSPR) under the name 'Inst Forex Execution (STP)'. However, the regulatory status field is marked with a dash, indicating that the broker does not hold a valid licence or is not authorised to provide financial services under NZ law. The absence of active regulatory oversight is a significant risk factor for traders, as it means the broker is not subject to standard investor protections such as compensation schemes or dispute resolution mechanisms.

In FXCanary's assessment, operating without valid regulation puts the onus entirely on the trader to assess counterparty risk. The FSPR listing alone does not imply endorsement or supervision by New Zealand authorities. Traders should be aware that unregulated brokers are not required to segregate client funds or adhere to capital adequacy requirements, which increases the likelihood of misappropriation or insolvency.

According to the information from industry databases, Lucror FX offers the MetaTrader 4 (MT4) trading platform, a widely used software known for its advanced charting tools and automated trading capabilities. The broker claims to provide a standard STP (Straight Through Processing) execution model, though no verifiable data on order execution speeds or slippage is available from independent sources.

The product portfolio is limited to major and minor currency pairs, as well as spot gold and silver. Notably, the broker does not appear to offer indices, commodities (beyond precious metals), cryptocurrencies, or single-stock CFDs. This narrow range may suit traders focused exclusively on forex and metals but falls short of the multi-asset offerings common among regulated brokers.

Lucror FX reportedly requires a minimum deposit of $1,000 to open an account, which is relatively high compared to other unregulated or offshore brokers that often offer micro or cent accounts with lower entry barriers. The maximum leverage advertised is 1:200, a moderate level that carries significant risk, especially for inexperienced traders. Beyond these figures, no details are available regarding spreads, commissions, swap rates, or margin requirements.

The lack of transparency on trading costs is concerning. Without a published fee schedule, traders cannot estimate the total cost per trade or compare the broker's pricing against competitors. Given the absence of regulatory scrutiny, spreads and commissions may be subject to change without notice, exposing clients to unpredictable costs.

No information is publicly available regarding payment methods supported by Lucror FX. Typical deposit options for unregulated brokers include credit/debit cards, bank transfers, and cryptocurrencies, but without confirmation from the broker's website or documentation, traders cannot rely on any assumed means of funding. Withdrawal policies, processing times, and fees are similarly undisclosed.

This opacity is a red flag for potential clients. In our experience, brokers that do not publish clear deposit and withdrawal terms often have restrictive policies, hidden fees, or delays in processing cashouts. Traders should be extremely cautious about sending funds to an entity that has not outlined how those funds can be accessed or withdrawn.

The broker's inactive website means that no direct contact information—email, telephone, or live chat—can be confirmed. The registered address in Auckland suggests New Zealand as the head office, but without a working website or responsive support channels, clients would have no reliable way to reach the company in case of issues. Existing databases do not list any verified social media accounts or multilingual support.

Transparency is further undermined by the lack of a privacy policy, terms of business, or risk disclaimer. These documents are standard in the industry and serve to protect both the client and the broker. Their absence, combined with the inactive website and unregulated status, suggests that Lucror FX is either dormant or not committed to operating a legitimate retail brokerage service.

Based on the evidence available, Lucror FX presents a high-risk profile for retail traders. The broker is not regulated by any credible authority, its website is non-functional, and it lacks transparency on costs, execution, and client fund protection. The high minimum deposit of $1,000, without any regulatory safeguard, means that potential losses are substantial.

FXCanary's Scam Risk Score of 34/100 (Guarded) reflects these concerns, but it is important to note that this score is based on limited information. As the broker does not appear to be actively soliciting clients or maintaining a public presence, it may be best for traders to steer clear until verifiable and positive updates are provided. Investing with unregulated entities always carries inherent risks, and in this case the risks are amplified by the lack of basic operational transparency.