LBLV is a forex broker, headquartered in Seychelles. Company was founded in 2017. For nowadays, this broker is well-known all around the world. But is it “white” or “black” fame? Let’s search and see in our review.
First of all, let’s see what conditions are available for traders in LBLV. All of them you can see on the official site. The most important thing for a lot of traders is a trade terminal. Broker suggests to customers to use MT5 or WebTrader. MT5 is very famous and demanded platform, but not as demanded as MT4, so that may be a negative point for some users. But actually, that’s not a big reason to not give a chance to broker. At the same time, MT5 platform is a good reason for traders using this platform.
Other important for traders is minimal deposit. For standard account it’s 5000 USD. It’s not so small, so for a beginner start trading here may be difficult. On the other side, here are a lot of educational materials on this site.
With the LBLV broker you can have one of the six types of account: rookie, basic, premier, elite, elite plus, VIP. There are some conditions the same for all of the account type: minimum lot size 0.01, trading platform MetaTrader5, opportunities of Islamic account, mobile trading, account manager and 24h Dedicated support. But 4 of accounts have some of additional opportunities (and only VIP has it all): Economic News – Technical Indicator, Technical Analysis, EU Private Bank Account, EU Private Bank Account – Personal Banker. Elite, Elite Plus and VIP accounts also have fixed leverage instead of floating. But for every trader it’s better to be attentive and careful with this tool.
Before making a choice of broker, you better to know not only trade terms. Deposit and withdrawal may be even more important. In LBLV, you can use the following methods for deposit:
The same methods are available for withdrawal. Unfortunately, in LBLV you cannot deposit or withdrawal by crypto currency.
But according to some of the reviews in the internet, it’s hard to get your money back. At the same time, other customers are saying about fast withdrawal. What’s true? Only real people know, so we ask you to share your experience.
For your comfortable trading, LBLV provides some useful information. On the website section called “Trader suite” you can find a lot of educational materials about trading base: about currency trading, shares, indices, commodities, margin level. But some of free educational materials would be useful even for experienced traders. It’s education about MT5 trading platform, its instruments and indices. If you want to try this broker, but haven’t used MT5, you need these courses.
Also, you can find here some analytics of Forex, stocks, commodities and crypto. It is available as text analytics, video review and e-books.
There is another very important point for traders – regulation. LBLV claims that it regulated by Financial Services Authority (FSA) – quasi-judicial body responsible for the regulation of the financial services industry in the United Kingdom. But there is a little problem. For nowadays there are no FSA. It was closed in 2013 (before the LBLV was opened). On FCA site we couldn’t find this broker even by number of its license indicated on the LBLV website. So we ask you to be careful and ask for regulation of broker before opening account.
As a result, we can say that LBLV is a regular broker with regular trade terms, but its regulator is in doubt. We are not attending that it’s scam, but we ask you to be careful and check the information before entering into a contract. All the comments in internet are very different, so it’s difficult to say what is true. Leave your comment here and tell us the truth!