On-line since:
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Regulation:
Payment options:
Minimum account size:
Minimum lot size:
Leverage:
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LBLV works with investors all over the world, providing access to a large number of instruments such as currency pairs, commodities, stock indices, and stocks. The company`s head office is located in Tallinn, Estonia. It is regulated by SFS, which makes this broker more reliable from thousands of others.
LBLV is one of the most credible and advanced brokers in the industry. The company focuses on meeting the needs of its clients and partners.
Trading conditions
Trading instruments:
- currency pairs
- precious metals (gold, silver, copper, platinum, palladium)
- commodities (oil, wheat, sugar, corn, metals)
- indexes
- stocks
Importantly, when investors open deals on the currency pairs, spreads are low. What is more, they can choose between floating and fixed spreads depending on the level of volatility of a particular pair and other factors. From time to time, the broker updates the list of trading instruments.
Trading accounts:
- Rookie (minimum deposit - $5,000, minimum trade size-0.01 lots, floating spreads)
- Basic (minimum deposit - $25,000, floating spreads)
- Premier (minimum deposit - $50,000, floating spreads)
- Elite (minimum deposit - $100,000, fixed spreads)
- Elite Plus (minimum deposit - $250,000, fixed spreads)
- VIP (minimum deposit - $1,000,000, fixed spreads)
The minimum trade size for all types of accounts is 0.01 lot. The company provides an opportunity to open a free demo account for traders along with a live, real account. After registration, the client`s account is credited with $15,000, which can be used by traders without any risk of losing their own money.
All trading accounts are tied to the MetaTrader 5 trading platform. The company gives the opportunity to use the MT5-MT5 Web Trader without downloading and installing it. The MT5 mobile app is also available.
Clients can also trade via mobile app and open an Islamic account. Investors also have access to Premier, Elite, Elite Plus, and VIP trading accounts equipped with the economic news section. Elite, Elite Plus and VIP account holders can take advantage of the technical analysis section. Elite Plus and VIP account holders can open private bank accounts in the EU, and VIP account holders can use a personal manager`s help when opening a private bank account.
Deposit methods:
- credit card (the company does not charge any commission, and the payment and deposit process may take 1-3 working days)
- wire transfer (the company does not charge any commission, and account replenishment takes 3-5 working days)
- e-payments/wallets (Bitcoin, Ripple, Union Pay, Neteller, Stellar, Tether, AdvCash, payments are processed within one working day)
Withdrawal methods:
- credit cards (the request is processed within one working day, and funds are credited to the credit card within 2-9 days)
- wire transfer (the request is processed within one working day, funds are credited to account within 2-9 working days. The minimum withdrawal amount is $50)
- e-payments/wallets (Bitcoin, Ripple, Union Pay, Neteller, Stellar, Tether, AdvCash, payments are processed within one working day, and funds are credited to e-wallets within 1-3 working days)
The company offers low market spreads from 1 pip depending on the type of account. Traders can make traders with a low commission. The company`s clients can make use of the leverage of 1:500 (depending on the selected instrument).
The broker also provides its clients with a bonus on the first deposit, which accounts for 50% of the deposit amount.
Training
The Education section includes a daily market overview, introduction to the trading platform, and to the basics of online trading. It also contains a summary of stock market news, a trading Glossary, e-books about Forex, stocks and CFDs, video tutorials, an economic calendar, trading signals, and market commentary. On the LBLV website, there is a lot of useful information that will be of interest to both novice and experienced traders.
Support service
The support service is available around the clock for five days a week. Traders can contact the support team via an online chat, phone, or email.
Feedback
Many customers complain about a slow money withdrawal and limited ways to deposit and withdraw funds. However, there are a lot of positive reviews. Clients praise the broker for small spreads on the main currency pairs, fast order execution, and timely assistance from the support service.
Advantages and disadvantages
Pros:
- low minimum deposit
- free demo account
- MetaTrader 5
- regulated broker
- wide array of training materials
- no commission for money withdrawals
- many positive reviews
Among the drawbacks, MetaTrader 5 is not available on mobile devices running on Windows Mobile.
