LBLV is a trading name of LBLV Ltd., regulated by the Financial Services Authority (FSA) Seychelles, with license number SD016. LBLV was founded in Seychelles in 2017 with 36 offices on five continents and 98,000 active traders, the company claims. The brokerage offers a variety of trading accounts suitable for all types of traders through the MetaTrader 5 (MT5) platform. You can start trading here by depositing USD 5,000.
There are six different account types, which differ mainly in the amount of deposit required. All accounts come with access to the MetaTrader 5 platform, minimum trade size of 0.01 lots, mobile trading platform, account manager and 24-hour dedicated support are also available.
Rookie – An entry-level account with a minimum deposit requirement of USD 5,000, offering floating spreads, with no additional features.
Basic – An account with a minimum deposit requirement of USD 25,000, with floating instrument spreads and no additional features.
Premier – USD 50,000 investment required to open this account. Spreads are floating again, and economic news is offered in addition.
Elite – The minimum deposit requirement here is USD 100,000. This account has floating spreads and comes with an economic news indicator as well as technical analysis features.
Elite Plus – Minimum deposit required here is USD 250,000 and spreads are floating. Elite Plus has the same features as Elite, with the addition of a private EU bank account.
VIP – With a minimum deposit of USD 1,000,000, this premium account is designed for the most experienced traders. It has the same features as Elite Plus but with the addition of a personal banker for your private EU bank account.
Traders have access to several asset classes:
Currencies – You can trade more than 50 major, minor, and exotic currency pairs, including EUR/USD, USD/JPY, and GBP/USD. The average spread of the EUR/USD pair is about 0.3 pips.
Precious metals – You can trade gold, silver, copper, platinum, and palladium. The average spread of Silver is about USD 0.08.
Commodities – As well as precious metals, you can trade energies and agricultural commodities such as oil, wheat, and sugar. These can be traded both in spot and futures markets. The average spread of Oil is USD 0.053.
Indices and Shares – LBLV offers trading in over 300 stocks and 40 major indices with no fees. Most traded stocks include Apple, Microsoft, Google, Cisco while popular indices include Dow Jones, S&P 500, and the DAX 40.
There are three ways to deposit into the account: Card (VISA & Mastercard) – instant deposit with variable deposit limit; Bank transfer (via SWIFT) – deposit term from 2 to 5 working days with unlimited deposit limit; Payments via e-wallet (Cryptocurrencies, Union Pay, Neteller, etc.) – deposit time from 2 to 5 business days with unlimited deposit limit. The brokerage says it does not charge fees for internal transactions but warns that payment service providers or banks will most likely charge fees. Minimum deposits start at USD 5,000 and go up to USD 1 million depending on account type.
Withdrawals can be made by card, bank transfer or electronic wallets, necessarily to the same account and method by which the deposit was made. Processing time for card and bank transfer withdrawal requests is one business day, and funds will be received between two and nine business days. Requests for e-wallets are processed within one business day and funds will be received between one and three business days. The minimum withdrawal amount is USD 50, and fees depend on the method used and account type.
LBLV offers educational materials to account holders, including video tutorials, daily webinars, market commentary and free training courses. Traders also get access to free trading signals. In addition, the website offers a hub of market news, glossary, market calendar and e-books.