LBLV is a trademark of LBLV Ltd. The brokerage company is registered in the Seychelles, one of the most famous offshore zones in the world. On the official website, the broker claims that its activities are "fully regulated" by the Seychelles Financial Services Authority - FSA, but in fact, he is the body responsible for registering any companies and businesses in the island's archipelago. Forex brokers in Seychelles are not licensed or controlled by any government agency. Brokers are not obligated to comply with any mandatory requirements, including the size of assets and capital, provide reporting on transactions, guarantee compensation, etc.
Products and services
LBLV LTD offers its clients a fairly extensive list of trading instruments, including major currencies, commodities, metals, indices, CFDs on shares, energy carriers.
Asset security
According to the information on the official website, LBLV keeps clients' funds separate from their own, which gives the trader an additional guarantee of honest cooperation.
Accounts and currencies
Clients have access to six types of accounts with a minimum deposit of $ 5000 to $ 1 M. Fixed spreads start with a deposit of $ 100,000. Account currencies USD, EUR, GBP.
Minimum deposit
The deposit starts at $ 5000, a very high entry threshold.
Spreads and commissions
Spreads start from 0.1 pips, there are no commissions.
Leverage
Leverage is set up to 1: 500.
Trading platforms
Unlike most brokers, LBLV only offers its clients the MetaTrader5 platform available for both PC and mobile devices. The platform has all the necessary tools for trading, including up-to-date information.
The company also offers a very convenient solution without downloads and installation - the MT5 WebTrader web platform. Guaranteed access to your LBLV account anytime, anywhere. Traders can trade currencies and futures through a web browser on any operating system including Windows, Mac and Linux. The full set of functions of the desktop version of MetaTrader 5 is available, including the analysis of financial quotes. You can trade without downloading and installing the application.
Support service
You can contact the support service 24/5 by e-mail, phone or ask a question in LiveChat. Operators speak several languages, including Russian.
Reviews of traders
Alexandr88 January 16, 2020 at 02:50 PM
I highly do not recommend working with this company. Registration in an offshore zone, oil futures are not automatically re-signed for them and the order simply hangs and is not traded, there is no way to close it on your own, when asked what to do with this, my analyst gives me a contract for working out lots, where I undertake to work out 100 lots during months and can only withdraw 5% of the profit, and then, at the discretion of the risk management department. That is, they put some conditions on me .... the analyst assured me that this was a formality, and a month later, when the contract was not worked out, I was prevented from withdrawing all my funds on the account. Keep in mind that in the event of financial disputes, you will have to protect your interests in the Seychelles
Pavlovich December 11, 2019 at 21:30 Reviewed last week could not enter my personal account. contacted the manager. explained the situation. I don’t know how such issues are usually solved, but in my case it took 2 days. In the end, everything worked. They apologized to me. True, I did not quite understand the reason. but that's okay. It was just a shock that a lot of money was thrown into the company and you were blocked and I can't enter my personal account and were not in a hurry to set it up. before this incident, the opinion of the company was more positive. I can't say that now I have a negative feeling, but the impressions did not let go and I will not give a high score. and a week ago I would be ready to say that this is the best broker))
Cedar November 26, 2019 at 15:05 Review verified
I have been working in the company since November 2018, they called, persuaded, did not press. I myself have long wanted to return to trading, but still could not dare, and then this call. Well, in short, they had something like a share of a min deposit of $ 100. I started just like that with a hundred square meters, but it’s not an option for making money (for a test, only start with such an amount) Then I threw it and more than once, of course. The income for the year was not large in the end, it turned out, though a couple of times I ordered a withdrawal to YandexDentgi, all according to the regulations and even faster. But what I don't like is that there are no particular innovations in the company for a year, I want some kind of development or something.
Pros:
a wide range of investment instruments.
Minuses:
very high entry threshold; high spreads and commissions; low leverage.
LBLVLTD is a brokerage company, meaning a professional participant in the Forex market. Such organizations have the right to conduct transactions on behalf of their clients, that is, to provide intermediary services between sellers and buyers.
What services brokerage companies provide
Most traders use the opportunities provided for trading currency pairs. The essence is roughly the same as when buying currency in a bank - buy cheaper, wait for the price to rise, and sell at a higher price. But trading through a broker has a number of undeniable advantages:
- the rates are much more favorable, and the costs are significantly lower;
- there is an opportunity to trade not only on the rise but also on the fall of currency rates;
- dozens, and in some companies up to a hundred currency pairs are available for selection;
- there are many auxiliary tools.
In addition, with the help of LBLVLTD, a client can conduct transactions with precious metals, indices, bonds, company stocks, cryptocurrencies, raw materials, and other goods. Without resorting to the services of a broker, it would be quite problematic for an ordinary person to buy, for example, a barrel of oil. But on a special trading platform, an order is opened with one click.
Stocks can also be purchased without the services of intermediaries. But this will be a much more complex process. It will be necessary to visit the websites of a large number of companies, compare data from them, and make a purchase directly from one of the firms. Difficulties will also arise because companies from different countries of the world maintain pages on the internet in their own languages, requiring translation. A broker provides a ready list of stocks, usually of the most profitable global brands with an abundance of information about them. After making a choice, again, it only takes one click.
The client can also receive a kind of loan from the broker, which in professional trading language is called leverage. That is, a person has the opportunity to operate with amounts that are many times, tens, or hundreds of times greater than their own funds. The size of the leverage is determined in each individual case by agreement between the client and the organization.
In addition to all this, brokerage companies are ready to assist clients in making decisions at their request. There are several options for this:
- auxiliary tools, technical indicators that automatically provide the necessary data for analysis;
- trading signals that suggest whether to buy or sell an asset at the current moment based on data from special programs analyzing market processes;
- access to analytics, news, event calendars published on the official website and social media pages;
- individual consulting by company specialists, which is usually available to those with substantial deposits.
Thus, trading through a brokerage company allows anyone to make a profit, limited only by their own level of knowledge and preparation.
What benefit does the broker receive?
The brokerage company LBLVLTD is interested in having more clients who conduct numerous transactions for significant amounts. The organization's profit directly depends on this. It is derived in the following main ways.
The broker LBLVLTD may charge a fixed commission for each transaction made. For example, 1 dollar. This type of cooperation is suitable for clients who open a small number of orders, aiming to make significant profits from each of them.
Another option is a bit more complicated but more popular. The broker receives a spread, which is the difference between the best buying and selling prices at the current moment. This form of payment for the company's services is suitable for traders who open many orders. The spread can be either fixed in size or variable depending on the situation.
The same broker can offer traders different payment options for their work on several types of trading accounts.
Brokers - Scammers
The Forex market is extremely attractive to people from all over the world who want to earn money. Unfortunately, where there is money, there are always deceivers and scammers. Among the organizations calling themselves brokerage companies, there are many firms operating illegally or officially registered but still using schemes to deceive clients.
In many ways, this is possible due to the vast size of the global financial markets. Regulation of activities in different countries varies, in some matters there are no unified standards, and the internet space, meanwhile, is unified. Finding various loopholes, scammers often evade responsibility.
There are countless fraudulent websites. They easily close after money is collected from deceived clients and refund demands start coming in. And immediately their organizers create new pages offering even more favorable conditions.
Such firms are called kitchens in trader slang. What do you think, is LBLVLTD a kitchen or not? Share your experience in the reviews.
How Dishonest Brokers Deceive
Primitive scammers simply collect money and then block the user's personal page. And the user can no longer even contact the company by any means. Before that, the scammers are in constant contact with the client. Their task is to convince the person to top up the trading account with as much money as possible, for this they sometimes urge selling property, taking loans from banks. The blocking occurs at the moment when it becomes clear that there is nothing more to take from the victim. As a rule, such sites close quickly after managing to deceive several wealthy clients.
But there are also such schemes that work much more subtly and manage to exist for years with a huge queue of people wanting to get their money back. Often they manage to officially cover up their actual scams. The user agreement includes clauses whose meanings a novice in trading simply does not understand or does not notice at all due to inattention and low level of financial literacy. Later, when claims arise, the company refers to the document, and there is nothing to counter this.
Another way of withdrawing money from clients' deposits is called quote manipulation. On its website, the scheme shows the user quotes that differ from the real ones. And the client does not actually trade on the market, but only within the same scheme. The charts and images are drawn in such a way that the trader ends up at a loss. One by one, the trades gradually zero out the deposit.
Even the generosity of a company, which is of course illusory, can pose a danger. For example, a client may be given bonuses expressed in real money for registering on the site, for replenishing an account, and others. Bonus currency units are mixed in the deposit with the client's personal funds, and the income received from them can no longer be separated. And when a trader tries to request a withdrawal, they learn about additional bonus usage conditions that will be impossible for them to fulfill. And all this was stated in the bonus program, written in small print in the farthest corner of the site. The fact that the client did not read the terms in advance is only their problem.
Places of registration of brokerage companies
Deceiving people from one country, fraudsters often hide in the territory of another, skillfully using discrepancies in the laws of states.
For these purposes, companies are often registered in offshore zones. These are either separate countries or parts of their territories with a registration regime loyal to any business and a low level of control. Simply put, to attract foreign capital to their territory, some small island in the ocean is ready to register a company with just an application and a minimal set of documents and does not interfere with an audit in its internal affairs.
The most popular offshore zones among brokerage companies are Saint Vincent and the Grenadines, Cyprus, Mauritius, Belize, the Marshall Islands, and the British Virgin Islands.
Official proceedings, for example with the broker LBLVLTD, will have to be conducted by traders in accordance with the laws of the specified states. And it is practically impossible to do this independently. It is also extremely difficult to find lawyers who know foreign laws. In some cases, presence at court hearings at the place of company registration may be required. All this makes the proceedings not only complicated but also expensive.
However, the mere fact of the broker LBLVLTD being registered in an offshore zone does not necessarily indicate dishonest intentions. Many reputable companies that have proven their high level over decades also have offshore registrations. The goal is to reduce tax expenses. In the 21st century, many strive for this. Therefore, the largest global banks and manufacturers, whose reputations are unquestionable, conduct business through offshore zones.
Moreover, not all countries attracting foreign capital can be called exotic. Cyprus is part of the European Union and adheres to its rules. The Virgin Islands belong to the United Kingdom.
How to Choose an Honest Broker
When choosing a brokerage company, many parameters need to be considered. The place of registration is one of them. But it is more important to assess who regulates the organization's activities and how. Local government regulatory bodies do this based on the location. You need to find their websites online and check the information about the issued permits. There are also supranational structures, membership in which obliges brokers worldwide to adhere to established internal norms and rules. Major Forex market participants often represent financial groups whose subsidiaries are regulated in multiple jurisdictions. In any case, brokers' official websites should provide information about the issued licenses. It is better for the client to verify its authenticity in the manner described above.
It is important to study what is written about the company on external resources. If there are no mentions of it at all, that's a negative. If its experts appear on leading thematic platforms, that's a positive.
Don't forget to read customer reviews on as many sites as possible. But approach them critically. Especially if one place writes exclusively good things and another exclusively bad. Look for reviews with specific examples, facts, and mentions of pros and cons, rather than unfounded praise or criticism.
The company's website should be detailed, and the information on trading conditions should be thorough, specific, and clear. It's not enough to say 'We have low spreads!'; exact sizes in points are needed.
By following all these rules, you will be able to choose a solid brokerage company, cooperation with which will help you enter the intriguing world of Forex, which has made many people on the planet millionaires.
