Lucrum Pro Review – Bitcoin Trading
is Lucrum the right broker to trade Bitcoin and do they offer additional cryptocurrencies for Trading ?
Lucrum pro offer trading on their platform in Bitcoin and ethereum which you are able to trade against each other and against several FIAT currencies. so yes you can trade Bitcoin (BTC) with Lucrum Pro .
Lucrum Pro review More about this broker
Lucrum Pro is an newly established online FX broker which provides a safe and dynamic trading platform for trading on Bitcoin as well as other cryptocurrencies, Fiat, Stocks and Indices. This assures superior execution and advanced reporting. The analytical tools of Lucrum Pro are intuitive and user-friendly and suitable for both beginners and advanced traders.
Lucrum Pro Review : Trading Conditions
With a Forex demo account from Lucrum Pro, you can see for yourself how Forex Trading works without having to invest any real capital. You learn the mechanisms of the markets – the experience you gather with the Lucrum Pro demo account prepares you to start investing real money with a live currency account.
Lucrum Pro Review : Trading Platforms
Lucrum Pro provides powerful trading software which allows you as a private investor, even a novice one, to trade at a professional level. Lucrum Pro offers in intuative , easy to udnerstand but fully functiona and feature rich trading platform– this solutions was developed by experienced Financeial market professionals. WebTrader and Trading Apps Mobile Trader for your Smartphone and Tablet.
Lucrum Pro Review : Payment Methods
Minimum deposit requirement is $250
Available payment methods include Transfer, Credit card (Note: For the first deposit, a credit card bill is required as proof), and some cryptocurrencies.
Lucrum Pro Review : Customer Support and Educational Materials
An extensive support service will answer any questions about your deposit. Lucrum Pro representative service is available five days a week, 24 hours a day – either by telephone, live chat or email. You receive additional support through our extensive range of events. They provide you with trading expertise to lay the foundation stone for your stock market success. Because there is no doubt, experience is crucial with trading Futures and CFDs too.
Lucrum Pro FAQ (Questions & Answers)
What are the conditions to open trading account with Lucrum Pro?
You must fulfill the following requirements when opening an account:
- You trade on your own account and with own funds;
- You are at least 18 years of age;
- Minimum deposit of 250 EUR or equivalent in foreign currency.
How much does trading cost?
There are no costs when trading apart from the spread and the financing costs. Customers are not charged transaction or processing fees.
Is there an option to trade via telephone?
You cannot pass your orders via telephone. In order to make trading easier, however, the platform enables users to stop losses, take out profits and set higher or lower limits. These orders are executed automatically.
What is a trading unit?
On the FlatTrader platform, 1 ‘lot’ equals one unit in the base currency of a currency pair. For example: 1 lot USD/CAD, USD/CHF or USD/JPY equals U.S. $ 100,000. 1 unit EUR/USD, EUR/CHF or EUR/AUD equals 100,000 Euro.
Which kind of financial analysis are available through Lucrum Pro?
Lucrum Pro offers financial analysis for foreign currencies, stocks, stock indices, commodities and other CFD contracts.this is somewhat limited thou but they told us this will be adjusted in the near futture as more tools will be published. These types of analysis address investors that are looking for new trading ideas for stocks and foreign currencies as well as investors looking for assistance with the management of their portfolio. We offer studies, investment advice and an economic calendar.
Does the system support real time charts?
Yes, the charts are displayed in real time within the chart window of the trading platform and can be viewed in different time intervals. The intervals can be adjusted to ticks, 1 or 2 or 3 or 4 or 5 min., 10 min., 15 min., up to 55 min., 1 hour, 2 hours, 4 hours, 8 hours, 1 day, weekly and monthly.
For example: If you adjust DAX to a 10 second interval, every 10 seconds a new point will be displayed in the chart window and connected to the previous price development. With this, the current chart will be based on prices updated every 10 seconds.
What kind of charts can I use?
You can use: line chart, bar chart, candlestick charts.
What kind of order types can I use?
Lucrum Pro expands constantly the offer of order types. You can choose between limit order, stop order, OCO order, guaranteed stop order, trailing stop order and a combination of these order types.
How does my broker check my positions against the margin requirements?
Your broker automatically checks the margin requirement of the positions. The account summary that informs about the initial margin and the maintenance margin is updated in real time on the screen.
Are stop loss and limit orders executed at the prices specified?
When placing an order, the platform will show you the current price. You can protect yourself against unexpected price movements by adding price limits to your orders (slippage). The order will only be executed if the price remains within the specified limits.
When are financing costs charged to the account?
Financing costs are calculated daily at a specific moment, at which each CFD and Forex open position (except future CFDs) is charged with financial adjustments. The specific time can widely vary, but by experience financing costs are normally charged after 22:00 CET (17:00 CT) (+/- 2 hours). This time can however be different in summer and winter. Financing costs will be charged if you have an open position at this particular time and it does not matter whether you have been holding your open position since 10 minutes or 10 hours. On the contrary, if you close your position 10 minutes before this specific time, you will not be charged with financing costs, even if you held your position open for the whole day.
How are transactions secured by Lucrum Pro?
Lucrum Pro makes use of state-of-the-art security technologies. All information exchanged between your computer and our servers is encrypted: Transmitted data is therefore not accessible by others. All transactions made are confirmed on screen. If you are not connected to the computer at the time, this confirmation will appear at the start of the next session.
How are my funds secured?
Customer funds are held at First Tier Banks. Furthermore, all customer funds are deposited in segregated accounts and will not be affected in the event of an insolvency of the broker firm.
How much does a withdrawal by bank wire cost and how long does it take?
The payment is normally within 3 working days on your private bank account and is free of charge. On the contrary, a same-day wire costs on average about 20 Euro.
Is trading with micro and mini lots possible?
Yes – not a problem. You can choose between 1,000 (micro lots), 10,000 (mini lots) and 100,000 (standard lots).
How was the rating of Lucrum Pro performed compared to other brokers?
This 2020 Lucrum Pro Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 120 international forex brokers. The final grade is given based on Lucrum Pro broker performance and features.
Overall our online Lucrum Pro review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Lucrum Pro or you find inaccurate details Lucrum Pro broker review please get in touch with us and the changes will be applied.
Lucrum Pro is a great choice for both novice and experienced Forex traders. The trading software of Lucrum Pro is great, and thanks to the no download browser software and the iPhone app you can trade whenever you want and wherever you are. It is also worth having a look at the automated Forex trading system FSA – which you can even use if you only open a free demo account.