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Frequently Asked Questions

Check out our FAQs to find everything about our products and transparent billing. Get clear answers to make informed choices!
General FAQs
Billing & Pricing
LucrumBot Platform
Is there a free trial available?
Yes, you can try LucrumBot free for 14 days! Enjoy full access to all the platform's features during your trial, giving you the opportunity to explore everything and make an informed decision. Join the Waitlist today!
What is the cancellation policy?
We get that things can change, which is why our service has no contracts or commitments. You can cancel anytime with just one click in your billing profile. If you choose to cancel during your billing cycle, your subscription will stay active until the end of your paid period.
Can I cancel at any time?
Yes, you can cancel anytime with no contract commitments. You have full control to cancel your account directly from your account settings.
What is the refund policy?
Experience our commitment with a 100% free 14-day trial. We offer both monthly and annual subscription plans. Please note that monthly plans are non-refundable; if you cancel, your subscription will stay active until the end of the current billing period. Annual plans can be refunded within 3 calendar days of automatic renewal, but are non-refundable after that period. If you cancel an annual subscription during the billing year, it will remain active until the end of the paid billing period.
How much does LucrumBot cost?
LucrumBot provides both monthly and annual subscription options with various pricing plans. Check out our Pricing page for more details.
Does LucrumBot charge commissions?
LucrumBot is a software service provider, not a broker. We do not charge any commissions. Your broker's fee structure remains applicable to all trades executed through our platform. However, some of our partner brokers offer special promotions for reduced or waived commissions exclusively for LucrumBot users. For more information, visit our broker Integration page.
How does LucrumBot make money?
We generate revenue through recurring subscriptions to our platform and software. We do not earn commissions from order flow or trading volume.
Do you support traders from Canada?
No, currently there are no broker integrations available for Canadian traders. However, you can still use LucrumBot for backtesting, discovering new trade ideas, and paper trading options strategies. Additionally, you can receive email notifications to alert you about trades that you can place manually.
Is autotrading available for non-US traders?
Yes! Non-US traders can fully benefit from our platform through one of our supported brokerage integrations. With our partnerships, we support traders in over 120 countries worldwide. Check out the full list of supported countries for more details.
Can I trade in an IRA with LucrumBot?
Yes, you can connect your LucrumBot account to an integrated broker's IRA account. Please note that any restrictions set by your broker will still apply.
Is LucrumBot Registered Investment Advisor (RIA)?
No, LucrumBot is not a registered investment advisor (RIA) or brokerage. We are a technology provider offering software-as-a-service (SaaS).
Is there a free trial available?
Yes, you can try LucrumBot free for 14 days! Enjoy full access to all the platform's features during your trial, giving you the opportunity to explore everything and make an informed decision. Join the Waitlist today!
Can I change my plan later?
Absolutely! You can change your plan at any time during your subscription. Please note that any changes will take effect starting with your next billing cycle.
Can I cancel at any time?
Yes, you can cancel anytime with no contract commitments. You have full control and can easily cancel your account directly from your settings.
What is your cancellation policy?
We know that life changes, so we offer complete flexibility with no contracts or commitments. You can cancel your subscription anytime with just one click in your billing profile. If you cancel during your billing cycle, your subscription will stay active until the end of your paid period.
What is the refund policy?
We’re committed to providing you with a risk-free experience, offering a 100% free 14-day trial. Choose from our flexible monthly or annual subscription plans. Please note that monthly plans are non-refundable, but if you cancel, your subscription will remain active until the end of your billing cycle. Annual plans are refundable within 3 calendar days of automatic renewal. After that period, they become non-refundable. Should you cancel an annual plan during the billing year, it will continue until the end of your current billing term.
How does billing work?
Your monthly or annual subscription will be charged on or around the same date of each billing cycle, beginning after your 14-day trial period ends.
How much does LucrumBot cost?
LucrumBot provides both monthly and annual subscriptions with a range of pricing plans. Check out our Pricing page for more details.
Can I use my checking account for the subscription?
For a seamless experience, we recommend using your checking account and routing numbers as your primary billing method. This helps prevent interruptions in trading caused by expired, lost, stolen, or compromised credit/debit cards.
What happens to my bots if my credit/debit card expires?
We recommend using your checking account and routing numbers as the primary billing method to prevent disruptions caused by expired, lost, stolen, or compromised credit/debit cards. If you prefer to use a credit/debit card, we will help you keep your payment information up-to-date to ensure uninterrupted service. You will receive email notifications if your card expires or if there is a payment issue, and you can securely update your card details within your billing profile. During this period, your account will remain active, but you won’t be able to create or modify bots. If you don't update your payment information within 30 days, your account will be canceled and deactivated.
How do I change my payment method later?
To update your payment method, log into your account profile. You can modify or update your checking account or credit card details at any time.
What forms of payment can I use?
We offer a variety of payment options, including Checking Account, PayPal, Apple Pay, Amazon Pay, VISA, Mastercard, American Express, and Discover.
Do you store my billing info?
No, we do not have access to your credit card information. All payments and billing are handled securely through our trusted payment providers and merchant gateways.
Does my subscription automatically renew?
Yes, your subscription will automatically renew using the same payment method you provided during sign-up or any updated billing information added before the billing date. Monthly subscriptions renew on the same day each month, while annual subscriptions renew on the anniversary of your initial subscription.
What is LucrumBot’s referral bonus?
Earn $50 in credit for every friend who subscribes to a paid plan through your referral. Just get your unique referral code from your Settings, share it with friends, family, colleagues, or fellow traders, and enjoy a $50 bill credit for each new paid subscriber who joins LucrumBot using your link! For more information, click here.
What is an automation?
Automations serve as the instruction manual for your bots. They allow you to scan the market for opportunities, open positions, manage trades, and more. Automations can run at 1-minute intervals or on custom schedules tailored to your needs.
Do I need to download anything?
No, LucrumBot is a cloud-based trading platform, so you don’t need to download any desktop software. It's always running and accessible from anywhere with an internet connection. Plus, there's no need to keep your browser open to operate your bots.
Do I need to know how to code?

No coding experience is needed to use LucrumBot! Our platform is designed with a no-code framework, making it easy for anyone to learn and utilize bots and automations. Additionally, we offer a comprehensive autotrading resource center to help you get started with autotrading.

What is a Bot?
Bots handle your trading strategies within your portfolio. They manage your positions, risk, and automations, giving you full control over their actions. You direct your bots on what to do and when to do it.
Who controls the bots?
Absolutely. You have full control over every aspect, and nothing will operate without your explicit permission. You configure the bot’s actions through custom automations, specifying when, where, and what it will do. You can set automations to run continuously, on a set schedule, or manually with a single click. Simply define what to look for and what trades to execute. Plus, you can intervene at any time to pause, close, or adjust trades as needed.
Do I need to be logged in for my bots to work?
No, LucrumBot is a cloud-based platform, so you don’t need to be logged in to your account continuously.
Can the bots manage adjustments?
Yes, you need to set the adjustment criteria within the automation so the bot knows what to monitor and what actions to take. For instance, you can configure it to automatically close all bots once your daily profit target is reached.
Can I see a bot’s performance history?
Quantifying a bot's past performance objectively is challenging due to its customizable nature. Traders can adjust automations, settings, and allocations, toggle bots on and off, manually override positions, and more, making it difficult to provide a precise performance history.
Can I paper trade my bots first?
Absolutely! We highly recommend starting with paper trading to test your bots. Our platform features a proprietary paper trading system that uses live data, unlike the often delayed data from brokers. This allows you to fully evaluate LucrumBot’s performance with real market data, even without connecting to a brokerage account.
Can I backtest a bot?
Yes, you can enjoy a 30-day free trial. Plus, we offer a complimentary 30-minute personalized onboarding call to help you get started quickly and efficiently.
Can I see bot activity in my broker’s platform?
Yes, you can view all your positions and orders in your broker’s app just as you normally would.
Is LucrumBot a broker?
No, we are a software service provider that integrates with your brokerage through APIs, allowing you to manage your trades. Your funds remain with trusted, established institutions, and we only submit orders to your broker based on your instructions.
What brokers are integrated for autotrading?
TradeStation, Tradier, and Charles Schwab are fully integrated and supported brokers. If you'd like access to a different broker, please request an integration via the links on our Broker Integrations page. We will keep you updated with announcements about new brokerage partnerships as they are established.
Can I connect to more than one brokerage account?
Absolutely! Visit our Broker Integrations page for a list of compatible and approved brokers. You can connect multiple brokers, including sub-accounts at the same brokerage, all from a single LucrumBot account.
What if my broker isn't supported yet?
Contact your broker via call, email, tweet, or message to request an integration! If you want to see support for a specific broker, your help in encouraging them to integrate with us is invaluable. Many brokers we wish to connect with either lack a public API or have outdated technology that doesn’t support autotrading. Our goal is to expand our broker network, and your efforts can speed up this process. Please submit your integration requests through the links on the Broker Integrations page. We’ll keep you updated with announcements of new brokerage partnerships as they are finalized.
How many brokerage accounts can my bots access?
You can connect your LucrumBot account to as many compatible brokers as you wish. Each broker supports one API connection, allowing one login per broker. If you want to use multiple sub-accounts with the same broker, they must be linked under a single login. Please contact your broker for details on how to link sub-accounts.
Can I still open and close positions with my broker?
Absolutely. You can continue to open and close positions using your broker's app.
Can I autotrade stocks, options, and futures?
Yes, LucrumBot supports autotrading for stocks and options. Please note that futures are not available for autotrading.
Is autotrading available for non-US traders?
Absolutely! Non-US traders can benefit fully through our supported brokerage partner integrations. With our extensive partnerships, we support traders in over 120 countries worldwide. Check out the full list of supported countries for more details.
Is there a guide to help me learn autotrading?
Yes, you'll find all the information you need to get started with bots and automation in our Autotrading Resources and Help Center.
Can I trade index options such as SPX?
Yes, SPX is available on the LucrumBot trading platform.
What ticker symbols are supported?
LucrumBOT supports over 350 of the most popular and active stocks and ETFs. We continually update our database with additional symbols based on their popularity and liquidity.
Can I choose to keep my bots private?
Absolutely. By default, all your trades and bot templates are set to private. You have complete control over what you choose to share with the Community or on Social Media.
Does the platform run on live data feeds?
Yes, LucrumBOT directly pays for and connects to live market data feeds, ensuring your bots always have access to the most current and accurate information.
Does LucrumBot charge commissions?
LucrumBOT is a software service provider, not a broker, and we do not charge any commissions. Your broker's fee structure remains applicable to all trades executed through our platform. However, some of our partner brokers offer promotional deals for reduced or waived commissions exclusively for LucrumBot users. For more details, visit our broker integrations page.
Can I get reduced commissions with LucrumBot?
Yes! Many of our broker partners provide exclusive discounts just for LucrumBOT traders. Learn more .
What stock, option, and future strategies are supported?
Long and short equity (Stock), Long Call and Put (Options), Long and Short (Future).
Is there a mobile app?
Currently, we don't have a mobile app available. However, developing one is on our roadmap for the future, and we’ll update you with an estimated timeline as soon as possible.

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