LBLV Review 2020
LBLV is an online forex and CFD brokerage firm established to enable traders around the world to buy and sell forex and CFD instruments over the internet. With its variety of educational and trading tools, traders can analyse the markets before placing their trades on the sophisticated and powerful MT5 trading platforms that are freely available for multiple devices.
LBLV Review 2020, Pros & Cons
- Trading on the powerful MetaTrader 5 (MT5) platform
- Various account funding options
- Selection of training resources to assist beginners
- Market news & commentary are provided
- Offshore regulation
- Minimum $5,000 deposit
- Not the lowest spreads due to mark-ups
- Does not accept clients from USA, North Korea, Syria & Iran
In this detailed LBLV review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
LBLV is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including LBLV.
LBLV Review: Summary
LBLV is a registered brokerage, founded in the year 2017 with headquarters in Seychelles. The company offers multiple financial instruments for trading via the popular MT5 trading platform. The broker boasts of low spreads but the trading brokers review team believe they are not that low when compared with some of the best trading brokers. In saying that, the trading conditions are competitive with reliable execution speeds and flexible leverage available.
Traders can opt for any of the six account types available. Trading instruments comprise of forex currencies, metals, commodities, indices and shares. The brokers services can cater for both beginner and expert traders alike.
There is an educational centre that comprises of a trading glossary, tutorials, videos, live signals and market commentary. A visit to LBLV website can give you a wide range of financial news and analysis.
LBLV Review: Regulation
LBLV Ltd is regulated by the Financial Services Authority (FSA) of the republic of Seychelles. Many experts do not consider this regulation to offer the same protection that other regulators can.
All client funds are held in segregated bank accounts and are not used by the broker even in a financial crisis. The funds are maintained in such a way that if for any reason LBLV goes bankrupt, the funds will not be used to bailout the broker. Rather, it will be returned to the depositors.
LBLV Review: Countries
LBLV does not provide its services to citizens of USA, North Korea, Syria, Iran and some other countries. Some LBLV broker features and products mentioned within this LBLV review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
LBLV Review: Trading Platforms
LBLV offers its clients MetaTrader 5 (MT5) as its only trading platform. MT5 is the successor of the MetaTrader 4 (MT4) platform which is currently used by millions of traders across the globe. The platform was launched by MetaQuotes Software Corporation in 2010. LBLV offers the MT5 platform as Windows desktop application, WebTrader and mobile apps designed for iOS and Android devices.
Here are some of the key features of the MT5 platform:
- All the buying and selling prices of all available instruments are displayed in real time.
- Powerful charting package with 3 chart styles and 21 time frames from one minute to one month.
- It comes preloaded with 38 technical indicators which can be extended to unlimited via plugin apps.
- It supports the installation and activation of Expert Advisors (EAs), which automates forex and CFD trading.
- Multi-currency strategy tester to back test EAs on historical data.
- 44 analytical tools included with MT5.
- Two order accounting modes; they’re the netting mode and hedging method. The hedging feature enables traders to open diverse positions of a single financial instrument, of parallel or uniform positions.
- It comes with inbuilt economic calendar.
- Trades can be placed with up to 6 pending order types.
- Set price alert notifications to be sent via email, SMS and platform pop-ups.
LBLV Review: Trading Tools
This is the popular economic calendar which is an important fundamental analysis tool. The calendar lists the exact time and date of important economic events, instrument affected, importance level, previous impact as well as forecasted impact of the event on the trading instrument. Clicking on the event further displays the analysis, charts and history. This calendar can be customized to suit the trader’s preferences.
LBLV provides its client with the market news updates. The aim is to assist news traders with as much information as possible in order to aid their market analysis. The trader can choose to filter the news according to countries.
The brokerage company provides free live trading signals although there are no guarantees on the results of these signals.
This section of the brokers website involves expert analysis and trading insights from the brokers team studying selected instruments and the markets as a whole.
LBLV Review: Education
In LBLV’s bid to offer great support to beginners, there’s an education centre replete with different training resources, where forex experts teach LBLV traders the basics of forex and CFD trading.
A couple of e-books are accessible for members to acquire basic knowledge on forex and trading. At the moment, there are 3eBooks on forex, stocks and CFDs. The books are comprehensive and full of picture illustrations.
There are over 75 trading video lessons in the education centre of the LBLV website. The videos are short, animated and easy to understand. They cover a variety of trading topics including forex trading, market analysis, trading strategies, social trading, technical indicators and trading psychology. There are also lessons on stocks, signals and how to use the MT5 trading platform.
The trading glossary features over 190 trading terms and their detailed meanings. The glossary arrangement makes it very easy to navigate.
This comprises of a series of trading articles that introduce forex trading, shares, indices, and commodities. There is also an article on margin trading. Clients can also check the expiry dates of future contracts.
LBLV Review: Trading Instruments
LBLV provides its clients with multiple trading instruments. There are around 50 forex currency pairs, 5 precious metals, 5 commodities, 40 indices and over 300 share CFDs.
LBLV Review: Trading Accounts & Fees
Although there are different trading accounts geared towards both beginner and professional traders on LBLV, these accounts share some things in common such as trading via MetaTrader 5, minimum lot size of 0.01, mobile trading, account manager and dedicated client support.
Here are the available LBLV account types:
This is an account designed for beginners and offers the LBLV educational materials. Traders can deposit a minimum of $5,000. This account is accompanied with floating spreads.
To open this account type, traders must deposit at least $25,000. This account has floating spreads and account holders can access the LBLV’s Electronic Communication Network (ECN) of liquidity providers (LPs) which helps to ensure reliable trade execution speeds at the best available prices.
This account is primarily for the more experienced traders. It requires a minimum deposit of $50,000 and has floating spreads. The account comes with an economic news technical indicator and bank wire transfers without charges from the brokers side.
A whopping $100,000 is mandatory to open this account. Spreads are fixed and clients are granted full access to trading portfolio. Technical analysis is provided in addition to all the services provided to premier account holders.
As expected, the minimum deposit is higher, with $250,000 required to open this account type. The elite plus account has fixed spreads with all the benefits of the elite account. In addition, it also comes with an EU private bank.
This is the premium account designed for top professionals and institutional traders. To opt for this account, a minimum deposit of $1,000,000 is required. Account holders enjoy the same features of the elite plus account, including fixed spreads. However, traders have access to a personal banker for their EU private bank account.
As broker fees can vary and change, there may be additional fees that are not listed in this LBLV review. It is imperative to ensure that you check and understand all of the latest information before you open a LBLV broker account for online trading.
LBLV Review: Customer Service
LBLV technical support is reachable at all time during the business days irrespective of the enquirer or client’s location in the world. The client support desk can be reached through phone calls, emails and online web chat on the brokers website.
LBLV Review: Deposit & Withdrawal
The acceptable currencies for deposits are USD, EUR and GBP. Withdrawal can be made on the condition that the client’s account has been completely verified. LBLV typically processes withdrawal request within a business day while it takes the client 2-9 days to receive the payment.
The following payment options are accepted:
Payments can be made using major credit or debit cards like VISA and MasterCard. LBLV does not charge deposit or withdrawal fees on card transactions. Deposits are processed instantly while withdrawals take longer time; up to one week or more.
Bank deposits are processed within 2-5 working days. The accepted currencies are USD, GBP, EUR and AUD. For withdrawals, the minimum withdrawal amount is $50 while there is no maximum. While LBLV will not charge commissions, your bank may deduct a charge from the funds transferred.
The following e-payment options are accepted by LBLV for deposit and withdrawals; Neteller, Skrill, QIWI wallet, AdvCash, UnionPay, WebMoney and Yandex. Also cryptocurrencies like ripple, Bitcoin, tether are accepted. Deposits using ePayment are usually completed within 24hours but withdrawals are usually completed within 1-3 business days.
LBLV: Account Opening
To open a trading account, you can go to the LBLV official website and click on the ‘Register’ button located at the top right hand side of every webpage. An ‘SSL Secure Connection’ form will appear requesting for your personal details. You can fill accordingly and tick the terms and condition box and submit your registration. If you wish, you can choose to receive market news and trading signals.
Next, you are prompted to make a deposit and verify your account. At this stage, you will get a confirmation email and further instructions from LBLV so that you can commence trading online.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
LBLV Review: Conclusion
LBLV offer a reasonable range of trading instruments on the powerful and advanced MT5 trading platform. The broker has a variety of account types and finding options. They also offer trading signals, market analysis and educational resources.
However, the broker does not offer cryptocurrency trading and does not have the popular MetaTrader 4 platform. The minimum amount required to open a live account is very high when compared to the majority of online brokers. The trading brokers review team did not find LBLV to have the lowest spreads.
Furthermore, the broker is regulated by an offshore regulator. Many experts and professional traders would not trade with an offshore broker as they cannot offer the same protection to investors.
Please note that trading in leveraged products may involve a significant level of risk and is not suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary.