- Tight spreads
- Easy to use trading platforms
- Multiple trading assets
- Lightly regulated
- US traders not allowed
- Few users guides on their website
- FSA (Seychelles)
- Wire Transfer
LBLV is an international trading company founded in Seychelles back in 2017 and with 36 offices across five continents. Their line of products includes currencies, CFDs, stocks, shares, indices, futures, and contracts.
Seychelles Financial Service Authority regulates the broker under license number 8419623-2. Given that at least four oversight bodies usually regulate most brokers of its category, new traders may deem this broker less trustworthy.
However, our online analysis reveals that LBLV is highly regarded by clients who have used their service before. LBLV is open to traders from all countries apart from USA, Iran, Syria and North Korea.
This broker is pretty new in the industry and has not received any best in class awards quite yet. From our investigation, we can confirm that this broker's platforms are easy to use for both beginners and experienced traders.
LBLV requires a minimum deposit of $5000 to open a trading account. This is higher than what is asked by most brokers of the same level.
When it comes to leverage, LBLV offers 1:400, which is within the industry average. This is an STP broker, meaning that they charge a commission fee per transaction.
The main benefits of an STP broker are that they are highly efficient and also ensure speedy trade executions. LBLV offers floating spreads starting from 0.8 pips for all types of accounts apart from the VIP.
Regarding bonuses and promotions, this broker is currently offering a 30% bonus on first time deposit.
As mentioned earlier, LBLV trading products include currencies, precious metals, commodities, indices, and shares. Regarding forex trading, this broker offers more than 50 currency pairs in a safe and secure trading environment.
LBLV also allows traders to trade the most popular precious metals such as gold, silver, copper, palladium, and platinum. The commodities offered include Brent, Copper, Wheat, Natural Gas, and WTI.
With this broker, traders can also buy and sell over 300 shares and 40 major indices in over ten major markets. LBLV offerings are best suited for speculators as well as investors looking to build a diversified portfolio for long-term gains.
LBLV is regulated by the Seychelles Financial Service Authority under license number 8419623-2. As previously indicated, unlike most trading companies of its category, this broker is only regulated by one oversight body.
While the light regulation may be a reason to be worried, we have not found any complaints regarding the reputation of this broker. Most online customer reviews are positive.
Internally, LBLV claims to have a compliance team that is tasked with ensuring that all its employees adhere to the industry’s standard operating requirements.
LBLV provides traders with cutting-edge trading platforms and tools all customized to fit different trading needs. This broker offers MT5, a multi-asset trading platform that comes with all necessary tools for technical and fundamental analysis and also automated trading.
With LBLV, you can access the MT5 from your web browser or download it as a native app in your Android or iOS smartphone.
Their platforms are best suited for both beginners and experienced traders. Also, their free demo account is fully customized to give the beginner trader the real feel of operating in live markets and also equip them with the skills to analyze trades and use trading equipment.
LBLV trading platforms are available in three languages namely English, Portuguese and Russian.
This broker’s web trading platforms are mobile friendly. The broker also provides a fully functional native mobile app for both Android and iOS devices. These apps can be downloaded on Play Store and also App Store.
LBLV mobile apps can be used to trade forex, stocks, and futures and include all tools for technical and fundamental analysis and trades execution.
With their apps, traders can control their trading account, monitor trading history, and place trades. The apps also provide advanced features for hedging and netting.
LBLV is an STP broker meaning that their commissions are included in the spread. This broker offers highly competitive variable spreads from as low as 0.3 pips. The minimum spread for EUR/USD is 0.1 pips. When compared to other brokers, this broker qualifies to be among the cheapest.
While the spreads are likely to be affected by market conditions, they do not change much.
LBLV offers multiple deposit and withdrawal options. The accepted deposit methods include Wire Transfer, MasterCard, Visa, Union Pay, Western Union, Skrill, Webmoney, Bitcoin, and Ethereum.
The withdrawal methods include UnionPay, Wire Transfer, Skrill, Western Union, Webmoney, Yandex Money, Qiwi, Ethereum, and Bitcoin.
LBLV does not offer same day withdrawal. The accepted deposit and withdrawal currencies include USD, EUR, GBP, and CAD. Deposits are insured and segregated.
This broker does not provide information about deposit or withdrawal transaction fees and requires a minimum deposit of $250. We recommend that you inquire about transaction fees from this broker before you open an account with them.
This broker provides customer support 24 hours a day, five days a week. Customers can reach them through technical desk email or phone. A live chat is also available on their website.
Our online research tells us that most users are satisfied with LBLV customer service. While communication through email is likely to take up to 12 hours to get a reply, the online chat is answered within minutes. The phone line is open around the clock and takes only a few minutes to get connected to an agent.
An FAQ page is also available on their website accompanied by multiple guides on various topics.
We did not find the customer service guides on their website to be adequate and comprehensive enough for beginner traders. Support is available in three languages namely English, Russian and Portuguese.
LBLV's education center offers resources in forex trading, market analysis, trading psychology, trading strategies, technical indicators, signals, MT5 usage, and many others.
Educational and research resources include articles, glossaries, e-books, videos, calendar, live signals, and market commentaries.
Most of these resources are available on their website, and users do not need to register to access them. The only educational resources that require registration to access are the live signals and market commentaries.
While this broker is very new in the industry, they have managed to build a strong following for the time they have been in operation. Their marketing approach seems to be on point, and their customer service has clients interest at heart.
Another big plus is the efficiency and ease of use of their trading platforms. These platforms are based on MT5 and are well adapted for desktop as well as mobile usage. LBLV follows the STP trading model and is among the brokers with the most competitive spreads.
From our analysis, this broker is highly reputable and worth a try. While their minimum deposit requirements are a bit high, the resources offered and the minimal costs charged makes them worthwhile.
Our only worry is that they are lightly regulated, but for the time they have been in operation, they have proven to be trustworthy.
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