On-line since: About the company: LBLV is a trademark of LBLV Ltd. The brokerage company is registered in the Seychelles, one of the most popular offshore zones in the world. According to the company’s website, its activity is regulated by the Seychelles Financial Services Authority (FSA). In fact, this organization is responsible for the registration of various companies and enterprises on the archipelago. Forex brokers registered in the Seychelles do not have licenses and are not controlled by any government organization. Such companies do not have to meet any requirements, including asset and capital size. They also do not have to report on transactions and guarantee compensation. Products and services LBLV LTD offers its clients a variety of trading instruments, including main currency pairs, commodities, metals, indices, as well as CFDs on shares and energy. Assets security According to the information on the company’s website, LBLV stores its clients’ funds in segregated accounts. Thus, market participants can be sure of honest cooperation. Accounts and currencies Traders can choose from six account types with the minimum deposit from $5,000 to $1 million. A fixed spread is available for traders who have $100,000 and more in their accounts. The account can be opened in USD, EUR, and GBP. Minimum deposit To start trading, market participants should deposit not less than $5,000. Spreads and commissions The company offers spreads from 0.1 pips and no commissions. Leverage The biggest possible leverage is 1:500. Trading platforms Unlike most brokers, LBLV offers its clients only MetaTrader5 trading platform that suits both PC and mobile devices. This platform provides market participants with all necessary trading tools, including constantly updating information. Besides, the broker’s clients can benefit from MT5 WebTrader. It is a web trading platform that does not require download or installation. Traders are guaranteed to have access to their accounts wherever they are for 24 hours a day. Moreover, they can open positions on currencies and futures via web browsers using any operating system, including Windows, Mac, and Linux. The MetaTrader 5 desktop platform has all necessary functions, including financial quotes analysis. Trading by means of the application can be performed without download or installation. Technical support department The company’s technical support department is available around the clock 5 days a week. Traders can contact LBLV specialist by means of email, telephone call or LiveChat. The support is provided in various languages, including Russian. Traders’ comments Alexandr88, January 16th, 2020, 14:50 I don’t recommend using services of the company. First of all, it is registered in the offshore area. Oil futures orders are not executed properly and I cannot close my positions. To solve the issues, I have contacted the company’s technical support department. However, an analyst has reminded me that according to the agreement, I have to execute 100 lots during a month. Moreover, I can withdraw just 5% of my profit, only if the risk management department admits that. Earlier, the analyst told me that it was just a formality. In fact, a month later, I failed to withdraw my money. Traders should remember that in case of financial disputes, a lawsuit against the company should be filed according to the Seychelles legislation. Pavlovich, December 11th, 2019, 21:30 The comment is verified Last week, I could not log in the Client Cabinet. I contacted a manager and explained the situation. I don’t know how much time it usually takes to solve such problems, but I got the access two days later. The manager apologized to me. However, I still do not know the reason why my account was blocked. In fact, I was shocked, because I had deposited a large sum of money and found out that I could not log in. They were not in a hurry to give access to my account. Before the incident, I had a more positive opinion of the broker. Thus, I can’t say that it is a top-ranked company. However, a week ago, I believed that it was the best broker. Cedar, November 26th, 2019, 15:02 The comment is verified I have been using the company’s services since November 2018. A manager invited me with no pressure. I was planning to resume trading for a long time, but the call immediately made me do so. I benefited from the bonus offering the minimum deposit of 100 US dollars. In fact, it is impossible to earn money with such a deposit. Of course, I replenished the account several times. The annual income was not that big. Two times I withdrew funds to Yandex.Money. The transaction was performed faster than it is said in the agreement. The fact that I don’t like about the company is that during the year, it did not introduce anything new. There is no development. Advantages:
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I am disappointed with LBLV LTD broker. Their spreads are some of the largest out there. Their platform is so poor; there are many bugs and errors. Sometimes they let you place a trade but they will not give you a chance to leave the market they just wait until you lose everything.
The execution of my orders are very instant. Imagine, they honored my orders in less than 5 seconds without any lags. I earned a lot when I closed all my deals after 45 minutes whilst connecting to the trading server that's closest to my country. They are very friendly in handling every trader. And they always have a pretty good analysis for every trade I make. It´s spreads are variable it can be up to 2.0 to EUR/USD, and this keeps them lower, which is an advantage for me depending on the pair. The execution is fair 1-3 seconds, and payments options listed is wire transfer, for me secure for depositing such amount they require in their minimum deposit. So far, I am not disappointed with this broker.
I've lost almost $500 with LBLV LTD, As I've suffered a lot of slippage issue on their MT4 platform so far. Probably their server is weak and my orders execute delay real-time. As I can't place any orders without any slippage. also, the price chart didn't match too. Overall the platform is the worst. I think the LBLV LTD platform isn't suitable for new traders like me.
What I appreciate the most in LBLV LTD is the availability of mobile platform. Their MT5 platform is suitable for mobile devices which is great because I can access my trading account anytime and anywhere.
I did find a problem once with my orders but they fixed it quickly from their live chat service. No games with spreads changing during news, orders do seem to fill quickly most of the time. My funds are secure in my segregated account and affiliate program seems pretty good. The balance I got was $7,500 USD. From the start of a $5,000 deposit. I often use their technical analysis. Account without spreads suits me, that's the main thing why I chose this broker.
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