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LBLV Review: Lblv.com Forex Scam or Legit Broker?

LBLV Review: Lblv.com Forex Scam or Legit Broker?

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LBLV (Lblv.com) is a CFDs, Crypto Currency, and Forex broker who lack proper regulation making them highly unprofessional. LB LV is purporting to be regulated by the FCA which is not true. Furthermore, being based offshore is what makes LBLV another broker who is unregulated. What we did was uncover the plot behind their brokerage firm and what they claim to offer investors. Read this detailed and honest LBLV review.

LBLV Review

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LBLV Review:

This broker claims to have the great Ronaldinho, a soccer legend, as their brand ambassador. After trying to verify this detail with Ronaldinho’s agents, we couldn’t get a clear response. What we know is Ronaldinho has not come forward and backed this platform officially. And this makes it a problem. Could this be a platform which has photo shopped Ronaldinho’s image? This is highly likely as there’s no evidence to prove he is their brand ambassador, other than photos.

To get a better understanding of this platform, we decided to contact some members using online social platforms.  Most members were not happy with how transactions were being conducted especially when it came to withdrawals. And this is a major red flag with this broker. Having unsatisfied customers and negative online reviews is a major stumbling block. Trusting anything this broker claims is going to be hard. There are a lot of details which remain sketchy with this broker.

About LBLV

Disclaimer at the footer of the homepage claims LBLV Ltd owns this platform. Only information we found regarding this company is only on their official homepage. This means this platform is not found on any registrar of company’s website. Could we be dealing with an anonymous company? Chances are LBLV Ltd is a company which is fictional and not real. And this is a major problem as this broker could potentially be a scam. It’s better to be safe than sorry, stay away.

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Their website is equally convincing as images of Ronaldinho having a T-shirt branded with their logo. Scammers could possibly have photo shopped this image and edited their logo on his shirt. This is meant to entice users to believe this is indeed a real broker. What we need is a valid confirmation from Ronaldinho regarding his role. There’s no video showing his acceptance of being their ambassador.

LBLV License and regulation

LBLV Ltd is indeed registered by the Financial Services Authority of Seychelles. This does not in any way confirms the registration of LB LV. For all we know, this could be a scam which is using the name to feign licensing. This is not the first time scammers have used another registered company’s name to gain traction.  Where are their copies of licensing and registration as one would expect on their homepage?

Their homepage does not have a legal agreement’s page which is quiet odd. As one would expect from a genuine broker, there’s no licensing details when it comes to this broker. All in all, trusting an offshore broker who is based in Seychelles is not recommended. Make sure to stay away from this broker as they could close shop at any given moment. These offshore brokers in most cases face bankruptcy and insolvency.

MT5 Trading platform

They are using an improved version of MT4. Using MT5 is obviously an advantage to users who sign up. Users can use an automated system to trade with this platform. This is the fifth generation of the Meta trader and is ideally suitable for all types of traders. Is LBLV’s trading platform a good and stable trading tool? And this is where we have issues with this platform

After downloading their MT5 platform, set up took time and was exhausting. Their platform has a lot of information which is not necessary. Another issue we found with their platform is lack of a safe integration system. This platform could lead to attacks from third parties as it’s not properly secure. Hackers will steal your personal files especially your credit card information. BEWARE!

LBLV Broker Review

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Account Funding

Depositing funds with this platform is easy and quick as expected. This is not a reason for anyone to open an account. Depository channels used include bank transfers, E Wallets, MasterCard, Visa, and others. Most users have not faced any issue with depositing funds with this platform. There’s no processing fee which is a plus for any investor.

After talking to some of the members, withdrawals have become an issue. This broker is asking for more deposits before allowing some members to withdraw. And this is why it’s imperative to read a trader’s agreement. Sadly, this broker has failed to post any documents to show withdrawal process. This broker is clearly hiding withdrawal information for a reason, stay away.

Are Funds Safe with LBLV?

As we always say in most of our reviews, funds are never safe with an offshore broker. Security of funds is not guaranteed by a broker who cannot be contacted easily. Notice how they have a live chat dashboard? Their live chat help does not work and it’s always offline. This means after depositing funds, you still can’t talk to the broker. And this makes safety of funds not possible with this broker

What about segregation of accounts? Offshore brokers are known not to segregate accounts as it ought to be. And this is what makes LBLV a dangerous platform to associate with. How can we trust a broker who fails to follow set industry rules? Problem with not segregating accounts is when bankruptcy or insolvency sets in. Funds are never safe from a broker who fails to insure funds made by investors. Stay away!

Is LBLV a Scam?

LBLV is a broker who fails to follow set regulations and industry rules. This makes trusting this platform a hard task. Make sure to know what you are getting into before signing up with this broker.

LBLV Final Verdict

LBLV Crypto and Forex Review

Trusting an offshore broker with your funds is not worth the trouble. It’s always better to sign up with credible Forex brokers and platforms. A good example is switching to Binary Options. Why not sign up with transparent and tested Binary Options signal providers? 

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Finally, we wish you all the best in your Forex trading experience.

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13 Replies to “LBLV Review: Lblv.com Forex Scam or Legit Broker?”

  1. Hy i live in Azerbaijan I got a cal and I’am registered at the site LBLV.com They didn’t say they would withdraw money from my bank account.Return my money please. My phone number +994557297991

    1. Salam Peri !

      Zəhmət olmasa əlaqə məlumatınızı verin: mobil telefon nömrəsi, hesabınızın qeyd olunduğu e-poçt ünvanı və ya bir ticarət hesab nömrəsi, sizinlə əlaqə saxlaya bilək deyə.

      Hörmətlə, LBLV

  2. LBLV məncə layiqli broyler şirkətidir düzü başla şirkətdərnən alqı satqı etməmişəm nədə ki istəmirəm lblv də daha rahatdır mənim üçün. Mən broker ilə işdəyirəm ilk günündən bəri mən rəyləri oxuyanda şirkət hakda bilmirdim təkmi işləyəm yoxsa yox hansı daha yaxşı olar. Mən secdim brokerlə işdəməyi çünki mənim yoxdu bu ishde cox təcürbəm və həmdə ki istədiyim zaman brokerdan imtina etmə imkanim var. Və baxiramk I hər şey gözəldi yaxşıda dəstək olullar.

    1. Mənim lblvdə işim məni razi salir özümü derəm daha kim necə bilmirəm. Bugünə qədər nəqədər ki pul köcürməsi etmişəm hərbirini almışam mənim hec bir sualim yoxdu ollara qarşı nə yalan dem. Rəyləri oxumuşam, demək olar ki herkəsnən raziyam platforma yaxşı işdəyir yalan yoxdu 3 aydaki işləyirəm.

  3. Mənim lblv də işim məni razi salir özümü derəm daha kim necə bilmirəm. Bugünə qədər nəqədər ki pul köcürməsi etmişəm hərbirini almışam mənim hec bir sualim yoxdu ollara qarşı nə yalan dem. Rəyləri oxumuşam, demək olarki herkəsnən raziyam platforma yaxşı işdir yalan yoxdu 3 aydaki işdirem.

  4. Artiq 9 aydiki ticaret edirem hecbir problemlə üzləşçəmişəm, bu broker şirketi haktada forumnan öyrendim, rəyləri gözden kecirdim öyrəndim, və bu şirkətə bir şans verdim və özmə hesab edirəm ki bəxtim gətdi 9 ayda birdənə şikaat ediləsi hall olmadi.

  5. Salam menim lblv pulumu geri ceke bilmirem 2 aydi bu oroblemi yaradib broker 2 aydi pulumu cekmeyde qoymurlar deyirler kondkt hele bitmeyib amma coxdan bitib tecrubesi olan varsa meene komey etsin pulumu geri cekim elaqa nomrem 0552333205

  6. Mənim fikrimcə yaxşı şirkətdi.Tanışımın dediyinnən acdim hesabi LBLVdə ancaq rəyləri zadi özüm oxudum əmin olmaq ücün. Mənə birdənə xoşuma gəlir məsələm əməliyat aparmaq üçün məhsul sayi çoxdu. Hər şeyi yoxlamışam artiq. Texniki dəstəkdə yaxşıdı tez cavap verillər. Bircə bonusdar nece verlir anlamadim amma desen 30 % veriller mən elə hesabladim.

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