LBLV is a forex broker with decent benefits such as leverage up to 1:400 and more than 1,400 trading instruments. Also, it claims to provide trading with "low commissions".
Is this brokerage a reliable choice for depositing your funds? In this unbiased LBLV review, we will get to investigate its safety & reliability, account types, trading conditions, etc. to determine if it suits your needs.
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:
Broker | LBLV |
Account Types | Rookie, Basic, Premier, Elite, Elite Plus, VIP |
Regulating Authority | MISA |
Based Currencies | USD, EUR |
Minimum Deposit | $5,000 |
Deposit Methods | Bank Transfers, Credit/Debit Cards, Skrill, Neteller, Union Pay, Yandex.Money, WebMoney |
Withdrawal Methods | Bank Transfers, Credit/Debit Cards, Skrill, Neteller, Union Pay, Yandex.Money, WebMoney |
Minimum Order | 0.01 |
Maximum Leverage | 1:400 |
Investment Options | None |
Trading Platforms & Apps | MetaTrader 5, WebTrader |
Markets | Forex, Indices, Commodities, Stocks, Crypto, Metals |
Spread | Not Specified |
Commission | Not Specified |
Orders Execution | Market |
Margin Call/Stop Out | 25%/25% |
Trading Features | Economic Calendar |
Affiliate Program | Yes |
Bonus & Promotions | None |
Islamic Account | Yes |
PAMM Account | No |
Customer Support Ways | Live Chat, Email, Phone Call |
Customer Support Hours | 24/5 |
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:
Account Type | Rookie | Basic | Premier | Elite | Elite Plus | VIP |
Min. Deposit | $5,000 | $25,000 | $50,000 | $100,000 | $250,000 | $1,000,000 |
Islamic Account | Yes | Yes | Yes | Yes | Yes | Yes |
Mobile Trading | Yes | Yes | Yes | Yes | Yes | Yes |
24h Support | Yes | Yes | Yes | Yes | Yes | Yes |
Account Manager | No | Yes | Yes | Yes | Yes | Yes |
Access to Technical Indicators | No | No | Yes | Yes | Yes | Yes |
Technical Analysis Data | No | No | No | Yes | Yes | Yes |
Private Bank Account in the EU | No | No | No | No | Yes | Yes |
Personal Manager for the Bank Account | No | No | No | No | No | Yes |
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.
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:
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.
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 presents itself as a broker with a wide range of 1,400 tradable instruments and a high leverage up to 1:400 being its most notable benefits. However, there are significant drawbacks that shouldn't be neglected.
The high minimum deposit of $5,000 and regulation by a low-tier authority (MISA) may be concerning and disappointing for some traders. Also, there are negative reviews and trust scores of this broker on the internet.
