DEPOSIT – FAQ
Once you have logged into your account, you may make a deposit by going into “BANKING” and reading about the deposit method that is preferable for you! There are several deposit methods available.
In order to have an account with lucrotrade, you need to deposit a minimum of 500 USD or EUR or the equivalent in Crypto.
There is no maximum deposit.
However, the maximum single transaction limit for a Credit/Debit card is 5000.
Yes, you can add, remove, or replace Credit Cards in your account at any time. You may do this for the purpose of depositing or withdrawing funds from your account and/or paying for online services.
WITHDRAWAL – FAQ
lucrotrade takes great measures in protecting its customers and providing the highest security standards. Therefore, we personally identify all our customers.
In order to withdraw your trading account funds you should be fully verified within the first 7 days after your first deposit.
Documents required for verification:
- Proof of Identity: Valid passport and\or driver’s license.
- Proof of Residence: Recent utility bill which states your name and current address (not older than 3 months). In case you funded your account with a Credit Card – a masked copy of both sides of the credit card is required. For your security it is important that you mask the first 12 digits and the CVV on the back side of your card.
- Declaration of deposits: hand signed.
Should you have any questions in regards to the documents required please contact us at email@example.com
Log in to your account and click on “BANKING”. In the displayed menu, you will see “Withdrawal”, you will find two options for withdrawals: Wire Transfer and Credit Card. There is a minimum withdrawal of $250 USD or €250. All Withdrawal Requests are processed by our account managers and you will receive an email confirming the request. For more information concerning any aspects of withdrawals, please read below.
At lucrotrade, we strive to ensure that withdrawals by bank wire are processed within 3 to 7 business days, provided you supplied lucrotrade with all of the proper documentation. If you make withdrawals using your Credit Card, then it may take your processing bank up to 10 business days to send you your funds. Please be aware that you may experience delays if you use a third party withdrawal process, which is completely out of our control.
No. You may withdraw all of your funds at any time to either your Credit Card or bank account. Withdrawals can only be credited to the account from which they were originally deposited (e.g. a HSBC Credit Card deposit can only be credited back to the HSBC Credit Card and not to another account. The deposit and withdrawal accounts must match.
lucrotrade does not charge any service fees for withdrawals. There is a service fee of $25 charged by the bank for wire transfer.
GENERAL – FAQ
Yes. You may trade from anywhere you choose, either with your desktop platform or our advanced mobile and tablet apps.
No. lucrotrade Live Platform trading platform is completely web-based. This means that you simply need to open and fund an account with lucrotrade in order to start trading immediately.
Every time you open an option trade, you will see an on-screen message confirming that your trade has been placed. You will also receive a confirmation email with the details and results of your trade once it expires.
You may open an unlimited number of positions. We do advise that you discuss your trading strategy with your financial adviser before you open trades.
Tax rules depend on your location, personal status, and many other factors. You should contact your local tax advisor for a more accurate consultation.
Transactions are updated in real time as your lucrotrade account trades are captioned. Once you have made a trade, you may view its details by clicking on ‘My Account’, then ‘My Portfolio’, followed by ‘History’. You will then be able to view past and current trades and full trade details.
We provide trading services for all our customers. Please contact your financial adviser to apply.
lucrotrade allows you to trade all Crypto Currencies VS USD, EUR, GBP etc., review your account history, review trade history, and send customer service requests as well as make deposits and withdrawals quickly and easily.
All that is needed is a personal computer, a laptop, or a mobile device with access to the Internet.
This is the time at which the lifetime of a trade position expires or stoppes. This is an important event because it determines whether you finish in-the-money or out-of-the-money .
The maximum amount that can be invested into a single position is 5000 USD or the Bitcoin currency equivalent. However, there is no limit to the number of trades that you may exercise at any given time.
The time zone is the Greenwich Mean Time (GMT).
The Digital Currencies Trading operates 24 hours, simple like the internet and is the world’s most traded market. Each trading day, Forex commences in Sydney and then circulates around the world, passing through Tokyo, London, and New York. During this time, you have the opportunity to trade changes in currency movements. Think of Forex as a huge melting pot because no other institution reacts to current international events more than it does. In addition, Forex exists because of the constant need to trade foreign currencies against each other, hedge risks, and make international trade possible.
As currencies move against each other in Forex in real time, you may profit from these changes by correctly predicting which ones will increase in value against others. To do so, you must first purchase your chosen currency and then sell it later after it appreciates in value against the other currencies. You must be aware that the time required for your profit to be achieved may range from a very short period to a very long one.
The majority of Forex trades involve the biggest and most liquid currencies that are termed the ‘Majors’ and include the US Dollar (USD), Japanese Yen (Yen), Euro (EUR), British Pound (GBP), Swiss Franc (CHF), Canadian Dollar (CAD), and the Australian Dollar (AUD). More than 85% of all Forex currency transactions are centered on these major currency pairs, such as EUR/USD, USD/YEN, GBP/USD, USD/CHF, AUD/USD, and USD/CAD.
Also known as “Risk Free Trade”, it is a Bonus which was deposited to your Account in order to cover a loss from trading activity. The bonus is subject to the company bonus Scheme as defined on the company terms and conditions.
MY ACCOUNT – FAQ
No, it is not allowed by law. lucrotrade allows only one account per person.
Yes. Every time you open a position trade, an on-screen message will confirm that your trade has been placed. In addition, a confirmation email with the details and results of your trade is sent to the email address attached to the account.
Yes. We have different types of accounts based on the initial deposit amount and trading volume. Please click on the ‘Account Types’ to find out more.
First, you need to log into your lucrotrade account and then click “My Account” to view all of your details, and your personal Dashboard.
Within your own personal ‘My Account’ page you may edit personal details and credit card information. To do so, log into lucrotrade and go to ‘My Account’.
Once you have logged into your account, you may view your trading history by clicking on “Closed Trades” under the “Trade Now” icon.
Log onto your lucrotrade account and then click ‘My Account’. You will then be able to locate all of your personal and financial data, including deposits information, withdrawals information, portfolio history, etc. All private information is stored safely and securely on the lucrotrade trading platform.
Your account with lucrotrade is similar to any other bank account or other accounts you have with financial institutions worldwide. Your next of kin must present all of the proper legal documents which proves they are the legal inheritor of your assets, and we will grant with access to the account.
CRYPTO CURRENCY – FAQ
Bitcoin & Crypto Currencies are digital currency used for secure and instant transfers of value anywhere in the world, peer to peer. It is not controlled or issued by any bank or government instead it is an open network which is managed by its users. Much in the way email improved communication by making it faster and cheaper, Bitcoin is an improvement for the existing payment methods. It is also called digital money.
Bitcoin core protocol is viewable by anyone, have been vetted by thousands of security researchers around the world, and have been proven to be robust and reliable after immense scrutiny. Using Bitcoin is similar to using other private applications on the internet, such as email or online banking. Just like these other web services, you must access your Bitcoin Wallet with a password in order to ensure only you have access to your money.
Bitcoin is the most famous digital currency which is created and held online. No one can control Bitcoin as they are not printed such as dollars and euros. Bitcoins are produced by businesses and people using software that is based on complex mathematical algorithms. Bitcoin was the first instance of increasingly popular type of money called crypto-currency.
The value of a Bitcoin is not tied or pegged to the value of any other currency. Similar to stocks or property, f Bitcoin value is determined by buying and selling in the open market. A Bitcoin price changes in real time based on the number of people who want to buy or sell it at a given moment.
Bitcoin is traded for dollars, euros, yen, and other currencies in real time 24 hours a day. Depending on the demand for buying or selling Bitcoin, the price can fluctuate from day to day. This is similar to the manner in which the value of a stock or property can go up or down based on supply and demand. Bitcoin value can be volatile compared to traditional currencies such as the US dollar because it is still an emerging technology.
Unlike credit card networks like Visa and payment processors like Paypal, Bitcoin is not owned by an individual or company. Bitcoin is the world’s first completely open payment network which anyone with an internet connection can participate in. Bitcoin was designed to be used on the internet, and doesn’t depend on banks or private companies to process transactions.
Bitcoin allows you to instantly send any amount of money to anyone in the world without needing a bank. It allows you to access your money without needing an ATM or credit card – Bitcoin gives you back control over your money. Plus you can pay friends back for dinner, buy your next computer, and donate to charity, all using bitcoins.
Bitcoin are so easy to set up and trade or exchange as opposed to the conventional banking system where you are supposed to visit the bank in person to open an account and then bear monthly or annual fees for the maintenance of your bank account. In the case of Bitcoin, you can set up your Bitcoin address electronically within seconds – no questions asked and no need to pay any fees etc.
Also, banks charge heavy fees in case of international payment transfers. When transferring Bitcoins no fees are charged for the transaction.
- Cheaper and faster: Bitcoin transactions require less time compared to the traditional ones, and can take place at any time. There is no transaction fees because there is no third-party involved, Peer to Peer
- Safe from manipulation: Bitcoin is beyond the control of any particular country or body. Moreover, the total number of Bitcoins that can be issued is Limited, a finite figure. As a result, artificial manipulation of Bitcoin supply is impossible.
- Greater protection for the consumer: Individuals have complete control over the transfer, expenditure, and retrieval of their assets.
- Higher Transparency: All transactions made through Bitcoin are traceable because the blockchain records them permanently.
- Privacy and Security: Bitcoins transactions are inherently safe and secure because transactions can be made without any information related to personal identification. Moreover, the blockchain prevents fraudulent charges by monitoring the unique address of the coins.
- Protect your wealth from devaluation by the government
- Bitcoins are the equivalent of Internet cash. You can send Bitcoins over the Internet directly to anyone with no middle man. Like cash, Bitcoin transactions are irreversible. Bitcoins are traded worldwide.
- Bitcoin is an International currency, can be spent all over the world by Digital Currency Debit card
- Bitcoin is the denomination of economic freedom. It gives players the ability to make instantaneous transactions all over the world with no fees.
Your 1st step with getting started with us, is to create a free account. Once you are signed up, you can make your first deposit. All deposits must be made through the Members Area. You can login using the Member Username and Password you chose when you created your account.
You can now make your first deposit to your account instantly with your Master Card or Visa, or with your Bitcoins if you already have Bitcoins in your eWallet, also a wire transfer it is possible (it may take up to 7 business days to arrive).
It’s easy to fund & use your lucrotrade account!
You get an instant 10% commission on EVERY deposit made by one of your direct referrals and once you refer someone, you own that referral for life. Typically, when one person joins and makes a deposit, they end up making many more over time. We’ve seen many satisfied customers have just 1 or 2 referrals and banking thousands of dollars in commissions doing nothing at all. One referral is worth potentially hundreds or thousands of dollars!
For every referral that one of your direct referrals makes, you get paid 3% on their future deposits as well. That’s where it gets really crazy profitable! You’ve got to at least try to get a couple of referrals in your down line. We’ve made this process very simple for you, send a message on the contact us page, and we will contact you immediately within 24 hours and get you with all the explanation.
You can still Earn Money from Referring others to this Special Referral Program even if you haven’t made a first deposit to your lucrotrade Account. This is an excellent way for earning money by itself! You get paid 10% instant commission on all of your 1st level referral deposits for life! You’ll also receive an extra 3% commission on the 2nd level if one of your personal referrals refers another person to us! These commissions are for life and many people make a fortune this way alone!
After you have acquired a sound understanding of the basics and terminology of CFD options (Contract for Difference), you should then consider studying and mastering trading strategies that will help to improve your profits as well as reducing your risk exposure per trade. Basically, you will require techniques that will successfully allow you to analyze the market conditions of the underlying assets of CFD options. You will discover that most strategies utilize a combination of technical and fundamental analysis to achieve this objective by helping evaluate factors such as the direction and volatility of price.
Before you can select a CFD option proficiently, you need to advise and choose a trading strategy that must primarily be constructed on how you want CFD options to function for you. This is because you will discover that a CFD option trading strategy will only produce success for you if you can utilize it in a way to achieve your investment objectives. For example, you could exploit the flexibility of options in order to support your planned speculation portfolio in numerous ways.
Consequently, you will find that it is worth devoting your time in detailing your financial plan and listing its major intentions. By doing so, you will filter the number of strategies that may be ideal to you because only a few will then be really able to satisfy and achieve your objectives. The following CFD options strategies will now be explained with this intent in mind. They should help you improve your trading results under a number of different market conditions:
You will require such a strategy if you determine that the price of the underlying asset of your CFD option is rising in value. You should then activate a ‘call’ CFD option under these circumstances.
For example, your technical analysis indicates that oil is very likely to increase from its current value of $110 over the short term. You are also aware that you will be entitled to an 87% profit if you open a ‘call’ CFD option with lucrotrade using oil as its underlying asset. In addition, you also precisely know your risk exposure because if you finish out-of-the-money, you will receive a refund between 10% and 15%.
You next choose to deposit an investment of $1000 and opt for an expiry time of 30 minutes. That is it? These are all the decisions that you have to make. Now, when your expiry time expires and if the price of oil is just $1 higher than your opening or strike value, you will earn a profit of $780 in just 30 minutes.
This is a fantastic return for what appears to be a small risk exposure and with minimum effort. However, like any investment decisions you must ensure that you fully understand your objectives and risks before activating any new trades. In this respect, your goals and risks are well-defined as compared to other investment types. In summary, despite all benefits of trading using CFD options, you should always work and adhere to a well-developed trading strategy.
You will require such a strategy if you determine that the price of the underlying asset of your CFD option is falling in value. You should now activate a ‘put’ CFD option under these circumstances.
For example, your technical analysis indicates that the EUR/USD currency pair is very likely to decrease from its current value of 1.4000 during the next few hours. You are aware that you will be entitled to an 87% profit if you open a ‘put’ CFD option with lucrotrade using the EUR/USD as its underlying asset. You also know precisely what your risk exposure is because if you finish out-of-the- money at expiry time then you will receive a refund between 10% and 15% of your initial deposit.
You next choose to invest a deposit of $2000 and opt for an expiry time of 1 hour. Now, when your expiry time expires and if the price of EUR/USD is just 0.0001 below your opening or strike value, you will earn a profit of $1560 in just 1 hour.
After you have mastered the basics of CFD options trading and are proficient at operating simple strategies such as the bull and bear ones just defined, you could consider learning how to use more sophisticated strategies such as the following one.
Sometimes when you study the trading charts of an asset of interest, you may decide that its price direction is difficult to accurately determine. With most other forms of investment you may then be stumped about what is your best course of action. However, with CFD options you have other strategies available to you which will allow you to seek profits even under such conditions. For example, you could utilize a strategy which is capable of informing you whether your asset is range trading.
You could exercise such a decision after you had study the trading chart of the asset of interest and determine that over a selected time period that it was not trending in any particular direction but bouncing between a high price level and a low one or floor. Basically, the asset is range trading.
For example, if your technical analysis indicates that the NASDAQ stock index is fairly stable, you could purchase an “IN THE RANGE” CFD option. You can do this by selecting the ‘range’ CFD options, locating your asset type and then choosing “IN”. In contrast, if your studies demonstrate that the price action of your asset is volatile, then you could activate an “out-of-range’ CFD option.
You are well-advised to devote some time to studying and mastering the use of as many CFD options trading strategies as you can. You will then have a supply of tools that you will be able to apply depending on the current market conditions.
HOW TO TRADE:
You will discover that our trading platform is a very simple way to speculate on the financial markets compared to other forms of investments. Consequently, you will have improved possibilities of making worthwhile and consistent profits by trading them. In particular, if you become a member of lucrotrade then you will have the opportunity to gain as much as 87% profit per trade within an hour, even if you are a total novice.
You can increase your profit potential even more and minimize your risk exposure at the same time if you invest your time to study and master CFD option trading strategies. This article introduces and discusses some of the more popular strategies which you’ll find great use for whether you are a novice or experienced CFD options trader.
Also known as hedging and double position, this is a clever strategy which possesses the ability to provide you with a windows of opportunity for high returns while minimizing your risk exposure throughout the process. For example, imagine that you have opened a ‘call’ CFD option which had an opening or strike price of $20. Now assume that you have achieved a favorable position and are now in-the-money with the current price standing at $24. However, you are worried that a serious price retraction could occur which could wipe out all your profits and could even cause losses. To safeguard your gains from such an eventuality, you could, at this point, open a new ‘put’ option and pair it with your original ‘call’ one.
By doing so, you would create an opportunity window between $20 and $24. This is because if the price finishes within this range at the expiry time then you will receive profit payouts from both options. In addition, you would also significantly reduce your risk exposure because should the value of the price finishes outside this window at the expiry time then the profit of one of your options will almost totally negate the loss of the other.
Many traders use CFD options as a method to hedge their investments with other asset types because they have been proven to be very effective. For example, consider that you are trading the EUR/USD currency pair and you are considering utilizing a stop-loss in order to protect your account balance from suffering a serious drawdown. Instead of deploying a standard stop-loss, you could instead activate a CFD option in the opposite direction to your Forex trade by using the EUR/USD as its underlying asset. By doing so, you would provide a very effective protection for your EUR/USD trade.
However, although a stop-loss trading strategy looks quite simple at first sight, a successful one depends on the quality of your understanding and knowledge about factors such as risk tolerance, trading asset, and your trading style and market conditions.
INDEX-ASSET DIVERGENCE TRADE:
This is another popular strategy that entails hedging a CFD option based on a company’s shares with one whose underlying asset is the trade index that includes the same firm. For example, imagine that you decide to open a ‘call’ CFD option with Apple because you think the value of its shares will rise in the near future. In order to hedge this trade and if you also believe that the stock markets will generally fall in value, you could also consider activating a ‘put’ CFD option based on the S&P500 of which Apple is a composite company.
Consequently, this strategy will help you minimize your risk and allow you to support your trust in trading your selected asset. In addition, you could provide yourself with the opportunities to compound your profits, maximize your returns and minimize your risk exposure. For instance, with the example just described you could achieve a double profit pay-out when your calculations is proven correct.
COMPETITOR RELATIVE VALUE TRADE:
This strategy can help you profit using CFD options by exploiting the opposite price movements of two competing companies. For example, imagine that Microsoft is about to release a new product that is expected to provide a significant boost to the values of its shares.
In addition, you also deduce that rivals, such as Apple, could suffer market share decrease which will have f negative influences on the values of their shares. Consequently, by following your fundamental and technical analysis to the fullest you should open a ‘call’ CFD option with Microsoft and a ‘put’ one with Apple.
This action will then provide you with the opportunity to collect double profits by taking advantage of the competitor relative value trade.