Review LBLV
lblv.com/ Founded in 2017 Headquarters in Seychelles Open Live Account BEGIN item ContentsPros and ConsAccount typesTrading PlatformsAssetsSupportConclusion
Quick Look
LBLV is a licensed online brokerage that launched in 2017, which has allowed it several years to establish its good reputation and develop an excellent client/broker relationship model. At the LBLV website prospective clients can register an account that can be used to trade financial derivatives on commodities, currencies, stocks, and indices. The following review was developed to provide additional information regarding the broker offerings, trading conditions, account types, and more.
You will find that the broker website contains plenty of financial information and features that can help traders. The educational portal is particularly impressive, and you can also find daily content added in the form of articles, blogs, commentary, market updates and analysis.
Overall, it is easy to see that LBLV has embraced the technologies and tools available to financial services providers and used them to the benefit of their clients in every way. In a demanding industry LBLV manages to remain a top choice among brokers.
LBLV Pros and Cons
Pros
Regulated by the FSATraining resources available for beginnersMetaTrader 5 as the trading platformGood educational resources
Cons
Minimum $5,000 depositSpreads are higher than averageU.S. citizens and residents not accepted as clients.
Broker Regulation
LBLV.com is the trading name for LBLV Ltd. and the company is regulated by the Financial Services Authority (FSA) of the republic of Seychelles under license number SD016. It is always good to see regulation in an online broker, which can help give the clients a sense of safety and security.
Thanks to the regulation the broker has segregated accounts for all client funds, keeping them separate from the operational funds of the broker. This setup is in place to protect and shelter client funds in the event the broker would go bankrupt or face any type of financial hardships. In either case the deposited funds would be returned to the depositors rather than being used to help the broker’s financial position.
Account types
Clients can choose from six different account types when registering with LBLV. Each of the account tiers has its own requirements and its own distinctive features. Below we will take a closer look at each account type to discover what each has to offer.
All Accounts: Every account type includes the MetaTrader 5 platform, minimum trade size of 0.01 lots, mobile trading, 24-hour support, an account manager, and the possibility to convert to a no-swap Islamic account.
Rookie: This is the entry level account, and it comes with a $5,000 minimum deposit, which is quite steep for an entry level account. There are floating spreads with this account, but no other benefits.
Basic: Moving up to the Basic account increases the minimum deposit to $25,000, but besides presumed lower floating spreads there seems to be no difference from the Rookie account.
Premier: The third account level increases the minimum deposit to $50,000 and puts the account at the outer reaches of what is normally a retail account. It adds economic news and technical indicators.
Elite: At the Elite account level the minimum deposit increases to $100,000 and the spreads go from floating to fixed. It also gives clients additional technical analysis.
Elite Plus: The Elite Plus level increases the minimum deposit amount to $250,000 and in addition to all the previously mentioned perks this account also adds an EU private bank account.
VIP: The crème de la crème top tier account requires a minimum deposit of $1,000,000. The only change at this level is the addition of a private banker for your EU private bank account.
Trading Platforms
LBLV makes MetaTrader 5 available to its clients in all its forms. That means you can download and trade on the ultra-powerful desktop version, install the mobile app and trade on the go, or access the MT5 web-based platform anywhere at any time. The trading platform comes with a huge variety of features, including these:
21 chart timeframes4 order execution types6 pending order types35+ technical indicators40+ graphical objectsEconomic calendarCopy tradingAnd much more
While MT5 is a powerful tool for experienced traders, beginning traders can also benefit from the amazing analytical tools and order management provided by the platform. It’s also a great choice for those who want to implement automated trading using the MT5 Expert Advisors.
MetaTrader WebTrader
The MT5 WebTrader is a web-based platform that is user-friendly and can be accessed directly from any internet browser, so long as there is an internet connection. There are no downloads or installs required. Like the desktop platform the wen-based platform can be used to trade a multitude of assets and includes a large selection of indicators and drawing tools to make analysis a breeze. Traders can also take advantage of one-click trading, advanced market depth, real-time quotes, and hedging and netting systems.
Available Assets
LBLV has four categories of assets to choose from but is notably missing the newest category of digital currencies. Still, traders can choose from fiat currency pairs (over 50), commodities, including precious metals (over 10), global indices (40+), and individual shares (more than 300).
The more basic accounts offer variable spreads, however higher levels introduce fixed spreads that go as low as 0.3 pips on some currency pairs. Also offered is leverage of up to 1:400 on some assets.
Education and Research
One of the strengths at LBLV is the education portal. It contains a wealth of trading knowledge as well as current market news and analysis, live trading signals, and market commentary. There is also a large selection of eBooks and dozens of videos on demand covering all the major subject areas associated with trading such as trading psychology and trading strategies.
Customer Service
Like most online brokers these days LBLV’s customer support service is available 24/5 via telephone, email, and online chat. There is also a helpful FAQ section right on the website that can help to answer the most basic questions as well as several social media channels where traders can keep up with the latest news from LBLV.
Facebook | Instagram | YouTube
Phone: +18886041711
Email: clientservices@lblv.com
In Conclusion
The $5,000 minimum deposit for the entry level account is what really stands out to us at LBLV.com. It is almost as if they want to put their services out of reach of new traders and focus only on the experienced traders. If that is true, then it is the broker’s choice. Of course, beginners who are truly committed to trading might not have a problem starting out with $5,000 in their account.
The educational materials were also impressive, particularly the video on demand section. Regulation is good, although many will agree that the FSA is not a top tier regulating agency. Still, some regulation is better than no regulation. Finally, the broker has a good selection of assets, although we would like to see some cryptocurrencies added in the future.
If you have the required capital to open an account at LBLV you’re going to get good service and excellent education and training materials, but remember that trading derivatives is a risky business and be sure it is capital you can afford to lose.
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