About Lucror
Company Overview
LucrorFX is the trading name of Lucror Capital Markets LP, a company registered in New Zealand. The firm was incorporated on July 31, 2019, and operates via the website lucrorfx.com. As a relatively new entity in the forex brokerage space, it targets retail traders seeking access to currency and CFD markets.
Regulatory Status
LucrorFX was initially listed on New Zealand’s Financial Service Provider Register (FSPR). However, according to official records, the company was deregistered from the FSPR in April 2019. It currently holds no licence from the Financial Markets Authority (FMA), New Zealand’s primary financial regulator. This absence of regulatory oversight is a significant red flag for potential traders.
Risk Assessment
FXCanary has assigned LucrorFX a scam risk score of 85 out of 100, indicating severe risk. The deregistration from the FSPR and lack of FMA authorisation mean there is no independent oversight of the broker’s operations. Traders have no formal recourse in the event of disputes, and the broker’s financial practices remain opaque.
Trading Information
Due to limited publicly available information and low web confidence, specific details about LucrorFX’s trading instruments, account types, platforms, and funding methods cannot be independently verified. The broker’s website may claim various offerings, but without regulatory backing, these claims should be treated with caution.
Conclusion
LucrorFX presents a high-risk proposition for any trader. The combination of deregistration, lack of regulation, and no user reviews should give serious pause. FXCanary strongly recommends steering clear of this broker in favour of fully regulated alternatives.
Overview compiled by FXCanary from regulatory records and public data. full Lucror review