The brokerage firm operating the site claims to be registered in the Union of Comoros with accreditation issued by the Mwali Agency. However, it does not provide documents or links to confirm this information. In addition, the website does not disclose the project’s start date and the names of its founders and executives.

Can you make money on this platform? In our review of the project, we will analyze the activities of the broker LBLV and share with you the conclusions about its pros and cons.

How to Trade

The WebTrader platform provides clients with access to forex trading, as well as CFD contracts on stocks and other assets. You can choose an account type from 6 options. Each tariff has:

  • Minimum deposit in the range of $5,000 – $1,000,000.
  • Over 1,400 types of assets in 6 different markets.
  • Minimum lot 0.01, Execution 0.02s, Islamic account.

At higher levels, Traders will receive a Technical Indicator, EU Private Bank Account, and Personal Banker. The company promises withdrawal of funds to customers within 5 days.

Complaints about the broker’s actions are considered exclusively by the company. The client has no right to comment on the company’s actions under the threat of a fine of 100 – 10,000 USD. 

Additional services include educational materials and market reviews. The News section contains daily articles. You can go to the broker’s profiles in FB and Instagram by clicking on the symbols of these social networks.

LBLV Vital Info

The owners of the site do not disclose the history or the start of the project. However, there are two dates on the website. These are 2019, indicated in the footer and 2023 in the broker’s internal documents. As for the domain, it was created in 2006 and updated in July 2023. Most likely, the platform became functional exactly after the domain was updated, which was bought by the founders of the project in 2023.

We checked the Mwali registry and found LBLV Ltd. with license number T2023242, which was suspended due to non-payment of the next installment in April 2024. In addition, we investigated the broker’s social media accounts. Although they have a lot of followers: 8 thousand on FB and 58 thousand on Instagram, ‌they are mostly filled with meaningless content with no comments. We got the feeling that all the subscribers on the profiles are fake.

FAQ

What are the key facts about LBLV?

The owner of the platform does not disclose any information about themself or the history of the project. Copies of documents confirming the legitimacy of the broker's financial activity are not freely available. At the moment, the company does not have a license.

What's the risk to my wallet when working with this broker?

Trading on this platform is risky due to the lack of confirmation of registration of the legal entity and the supervisory authority. In addition, the broker does not indicate specific methods of deposit/withdrawal of client's funds and offers CFDs with the leverage size exceeding more than 10 times that allowed by authoritative regulators.

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