LBLV Broker Review 2024

LBLV is a multi-asset brokerage with a margin call and stop-out level of 25%. The company has received a trust score of 3/5 on "Trustpilot" with more than 150 reviews.

On the other hand, more than 20 users on REVIEWS.io have given an average of 1.7/5 to the broker.

Company Information: Is It Regulated?

LBLV is a forex and CFD broker that first opened its doors in 2010. The company is headquartered in the Comoros Union, a small archipelago off the eastern coast of Africa with the registration number HY00423175.

The broker is authorized and regulated by the Mwali International Services Authority (MISA), operating under the International Brokerage Act.

This regulatory oversight provides a layer of protection for traders, though it's important to understand that MISA's regulatory framework may not be as stringent as those of more established financial authorities.

Key Specifications and Features Summary

To give you a quick overview of what LBLV has to offer, here's a summary of the broker's key features in a table:

What Are The Available Account Types?

LBLV takes a unique approach in this part, and offers a tiered account structure, catering to traders with different levels of experience and capital. Here's a breakdown of the available account types:

As you move up the tiers, you'll find more advanced features and tools, along with better trading conditions. However, the steep minimum deposit requirements for higher-tier accounts may put them out of reach for many retail traders.

Significant Benefits And Critical Drawbacks

Like any broker, LBLV has advantages and disadvantages with its services. Let's take a look at some of the key pros and cons:

Account Opening and Authorization Guide

Getting started with LBLV is a process similar to what you have seen on other brokers. Here's a helpful guide to signing up and verifying your account:

• Go to the official website and click the "Create Account" button;

• Fill in the form with your personal details, including name, email, phone number, birth date, and country of residence;
• Provide your address, zip code, and select a currency;
• Agree to terms and conditions.

Now, your account is created in the broker. In order to complete the KYC process, submit the required documents for identity verification.

Trading Platforms Provided by LBLV

Brokerages utilize third-party platforms or develop their own for offering trading services. This broker offers two main trading platforms for its clients, which is discussed in the next sections.

MetaTrader 5 (MT5)

MT5, a successor to MT4, is one of the most popular options in the world of trading. Key Features:

• Features advanced charting tools, technical indicators, and automated trading capabilities;
• Supports multiple asset classes;
• Allows for custom indicator development and backtesting.

Download the software for your mobile devices through the links below:

• Android
• iOS

WebTrader

This one is a browser-based platform, therefore, no download is required for working with it. Notable Specifics:

• Compatible with all devices and operating systems;
• Offers essential trading features and real-time market data;
• User-friendly interface suitable for beginners.

Spreads And Commissions Structure

We thoroughly investigated the broker's website for any information related to fees and costs, but unfortunately, the LBLV hasn’t revealed any exact data regarding the matter. It only claims that there are "0% hidden fees" and trading commissions are low.

The lack of useful information about such important parameters is definitely a drawback for the company.

What Methods Are Available for Deposits and Withdrawals?

LBLV offers a decent range of funding methods to keep up the versatility in this section. Available options include:

• Bank Wire Transfers: Min. of $50 for withdrawals;
• Credit/Debit Cards: Visa & Mastercard;
• E-wallets: Skrill, Neteller, WebMoney, and Yandex.Money;
• China Payments: Union Pay.

Copy Trading and Investment Features

Unfortunately, based on our examinations, LBLV does not currently offer copy trading or features. This means that traders looking to automatically replicate the trades of successful investors or participate in an investment program for earning passive income need to look elsewhere.

Check the official website regularly and follow the related sources to know about the latest changes and updates in this regard.

Does LBLV Offer Any Bonuses or Promotions?

Per our investigations on and around the broker, at the time of writing, it does not offer any bonuses or promotions. However, there's always a chance of a change. Therefore, check the website to know about any updates regarding this matter.

LBLV Support: What Are The Contact Channels and Working Hours?

This brokerage provides customer services through several common channels to its clients:

• Email: clientservices@lblv.com;
• Phone: +18447924568;
• Live Chat: Available on broker's website.

Based on the investigations conducted by our team, the broker does not offer support on weekends, and the team works Monday to Friday, 24 hours a day. Also, there have been reports of delayed answers through the live chat and email channels.

Restricted Countries and Regions

LBLV, like most other online brokers, restricts its services in certain countries due to regulatory requirements or global sanctions. While a comprehensive list of restricted countries is not publicly available, it's known that the broker does not offer its services to residents of:

• United States;
• North Korea;
• Iran;
• Iraq;
• Afghanistan;
• Syria;
• Myanmar.

It's crucial for potential clients to check the company's terms and conditions for the most current information on restricted countries and verify whether trading with LBLV is permitted in their jurisdiction before attempting to open an account.

Trust Evaluations & Scores

Trust scores on platforms like "REVIEWS.io," "ForexPeaceArmy," and "Trustpilot" yield valuable insights into a broker's reputation and service quality. Reviews of LBLV:

• Trustpilot: 0 out of 5, with over 150 reviews and 47% of them being 1-star;
• ForexPeaceArmy: 1/5, based on 10+ ratings;

• io: 1.7/5, with 29 reviews, only 17% of reviewers recommend the company.

It's important to approach these reviews with a critical eye, as online reviews can sometimes be manipulated or may not represent the typical user experience. However, the consistently low scores across multiple platforms suggest that potential traders should exercise caution and conduct thorough due diligence before opening an account with LBLV.

Conclusion And Final Words

LBLV, a financial broker, offers support services via 3 channels [live chat, email, phone call] on a 24/5 schedule. The company covers 7 options for processing payments [bank transfers, credit/debit cards, Skrill, Neteller, Union Pay, Yandex.Money, WebMoney.]

The company's trust score on the ForexPeaceArmy website is 1/5 with +10 ratings.