Is Lucretradecenter Reliable?

Lucretradecenter claims to be a globally regulated CFD trading platform, but its regulatory information and website design raise many credibility issues. Investors should remain cautious.

Corporate Background of Lucretradecenter: The Real Situation Behind This Forex Broker

Lucretradecenter states it began in the UK in 2009 as a CFD broker offering STP (Straight Through Processing) and ECN (Electronic Communication Network) services. It reportedly offers CFD trading across various assets, including forex, indices, precious metals, energy, commodities, and cryptocurrencies. The company claims regulatory authorization in multiple jurisdictions, as shown on its official website. However, a closer investigation reveals several red flags in its background information and regulatory claims, casting doubt on its legitimacy.

Domain Information: A Discrepancy Between Registration Date and Claimed History

According to WHOIS data, Lucretradecenter’s website domain, www.lucretradecenter.com, was registered on July 12, 2024. This date contradicts the company’s claim of being founded in 2009. The domain registration date is 15 years later than the claimed establishment date, suggesting that the platform may not have the long operational history it claims.

When evaluating a forex broker, the domain registration history is a critical factor. Legitimate, well-established companies usually have domain records that align with their claimed history. Such a significant discrepancy in timing is a warning sign, indicating that the company may be using misleading information to mask its true background.

Regulatory Information of Lucretradecenter: Unverifiable Claims

Detailed Check of Regulatory Information Across Jurisdictions

Lucretradecenter lists several company entities on its website and claims regulation in multiple jurisdictions:

1. Lucretradecenter (SC) Ltd.: Registered in Seychelles with registration number 8423606-1, claiming a license from the Seychelles Financial Services Authority (FSA) under license number SD025.
2. Lucretradecenter B.V.: Registered in Curacao with registration number 148698(0), claiming regulation by the Central Bank of Curacao and Sint Maarten (CBCS) under license number 0003LSI.
3. Lucretradecenter (VG) Ltd.: Registered in the British Virgin Islands with registration number 2032226, holding an investment business license under SIBA/L/20/1133, allegedly regulated by the British Virgin Islands Financial Services Commission (FSC).
4. Lucretradecenter ZA (PTY) Ltd.: Registered in South Africa with registration number 2020/234138/07, claiming authorization from the South African Financial Sector Conduct Authority (FSCA), under FSP number 51024.
5. UK Entity: Lucretradecenter claims regulation by the UK’s Financial Conduct Authority (FCA), with registration number 11608007.
6. Additionally, the company claims to have an entity in Australia with registration number 2018AD947.

Investigation Results: False Information and Plagiarism

A search on the UK’s Companies House shows that the entity with registration number 11608007 is FLOWING SERVICE LTD, not Lucretradecenter. Furthermore, FLOWING SERVICE LTD dissolved on March 22, 2022. The UK Companies House database shows no record of a company named Lucretradecenter. Additionally, a search in the Australian Business Register (ABR) revealed that there is no company with the registration number 2018AD947.

Further investigation reveals that the regulatory information listed on Lucretradecenter’s website actually belongs to another well-known broker, Exness. This suggests that Lucretradecenter may be copying Exness’s regulatory information to mislead investors, creating a false appearance of legitimacy. This behavior significantly impacts its credibility and suggests that investors’ funds may be at serious risk.

Leverage and Spreads: Hidden Fees and High Risks

Doubts About the Legitimacy of High-Yield Plans

Lucretradecenter offers four investment plans: Bronze, Minimum, Silver, and Gold. Each plan promises different investment amounts and short-term returns:

• Bronze: Requires an investment between $300 and $550, promising a 15.2% return within 24 hours.
• Minimum: Requires an investment between $500 and $999, offering an 18.5% return within 24 hours.
• Silver: Requires an investment between $1,000 and $9,999, promising a 25.5% return within 24 hours.
• Gold: Requires an investment between $5,000 and $10,000, offering a 35.2% return within 24 hours.

Such high short-term returns are highly unlikely, especially given the volatility of financial markets. Traderknows cautions investors that these high returns do not align with the realities of regular financial markets and are often a tactic used by questionable platforms to attract funds. This carries a high risk to investors’ capital.

Opaque Information on Leverage and Spreads

Lucretradecenter claims to offer leverage up to 1:500, which may attract investors seeking high-risk, high-reward opportunities. However, the company does not clearly state specific spread values or trading conditions on its website. Reputable forex brokers usually disclose spread information for major currency pairs and asset classes to help investors understand trading costs and make informed decisions. If a broker remains unclear about spreads, it may be hiding high hidden fees or trading conditions that are less favorable than advertised.

Website Design Similarities: Possible Clone or Fraudulent Operation

Further investigation shows that Lucretradecenter’s website content and design almost exactly replicate those of other brokers, such as Golden Pawn Trades Market, Reflex Options, and 247TRADING TARGETS. This similarity in design and content strongly suggests that Lucretradecenter may be part of a clone scam network.

Characteristics of a Clone Scam

In a clone scam, fraudulent companies create multiple websites that look and feel almost identical to impersonate legitimate brokers. These sites often have a professional appearance but are controlled by a single fraudulent entity. They use false information to lure investors, encouraging them to deposit funds, only to abscond with the money later.

Lucretradecenter’s “FAQs” section also refers to its trading name as Epitome Market instead of Lucretradecenter, which further indicates possible connections to multiple fraudulent platforms.

Is Lucretradecenter Trustworthy?

In summary, while Lucretradecenter advertises high leverage, a range of trading products, and enticing short-term returns, its regulatory information, similar website design to other brokers, and use of another company’s regulatory information all suggest serious credibility issues. Investors should proceed with extreme caution, verifying all information, and consider choosing a more transparent, well-regulated broker.

---

Frequently Asked Questions (FAQ)

1. Can Lucretradecenter’s regulatory information be trusted?
Lucretradecenter claims to be regulated in multiple jurisdictions, but investigation reveals that some of its registration information does not exist, and some regulatory claims match those of other brokers, such as Exness. This suggests that its regulatory claims may be false.

2. Why does Lucretradecenter’s domain registration date differ from its claimed founding year?
Lucretradecenter’s domain was registered in July 2024, while it claims to have been founded in 2009. Such a time discrepancy usually indicates false advertising or an attempt to obscure its true history.

3. Are Lucretradecenter’s investment plans reliable?
The high returns promised by Lucretradecenter are unrealistic in typical market conditions and unlikely to be fulfilled. Investors should be cautious of such high-return promises.

4. Why does Lucretradecenter’s website resemble other brokers’?
Lucretradecenter’s website design and content closely match those of other brokers, suggesting it may be part of a clone scam. This approach is commonly used by fraudulent platforms to confuse investors.

5. How can investors verify Lucretradecenter’s regulatory status?
Investors should check with official financial regulatory websites (such as Seychelles FSA, Curacao CBCS, and BVI FSC) to confirm whether Lucretradecenter holds valid licenses. Any discrepancies from official records should be treated as warning signs.

6. Is Lucretradecenter suitable for beginner investors?
Given Lucretradecenter’s issues with regulatory claims, domain history, and website design, it is not recommended for beginner investors. It is safer to choose brokers with clear regulatory compliance and high transparency to ensure fund security.

More information