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Do you want to know which is the better broker between Global Prime and LBLV ?
In the table below, you can compare the features of Global Prime , LBLV side by side to determine the best fit for your needs.
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You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of global-prime, lblv lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Registered in | Australia |
Regulated by | ASIC |
Year(s) of establishment | 10-15 years |
Trading instruments | Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, bonds |
Minimum Initial Deposit | No minimum deposit |
Maximum Leverage | 1:100 |
Minimum spread | Tight spreads |
Trading platform | MT4 and TradingView |
Deposit and withdrawal method | Paypal, Mastercard, Visa |
Customer Service | Email/phone number/address |
Fraud Complaints Exposure | Yes |
Global Prime is a brokerage firm registered in Australia and regulated by the ASIC. With a history of 10-15 years, the broker offers a diverse range of trading instruments, including currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, and bonds.
There is no minimum deposit requirement, allowing flexibility for traders. The broker provides a maximum leverage of 1:100 and offers tight spreads to enhance trading conditions. Trading is facilitated through industry-standard platforms like MetaTrader 4 (MT4) and TradingView. Global Prime supports multiple deposit and withdrawal methods, including PayPal, Mastercard, Visa. There have been instances of fraud complaints exposure, which is something potential traders should consider.
Global Prime is currently regulated by the Australian Securities and Investments Commission (ASIC) and holds a Market Making (MM) type license with license number 385620.
Market Instruments
Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, bonds .....Global Prime allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on Global Prime.
In Global Prime, the spreads are shown in a separate page and the commissions are 7 USD per lot. We can see that the minimum spreads for major forex pairs are 0.0 pips.
Demo Account: Global Prime provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: Global Prime only provides one type of ECN account, the commission is 7 USD per lot, no minimum deposit and spreads are tight.
When it comes to trading platforms, Global Prime provides MT4 and Tradingview, both are among the most popular platforms in the world. The clients may choose the one they prefer freely.
The maximum leverage offered by Global Prime is only 1:30 or 1:100, which may seem too low to you. In reality, those leverage of up to 1:500 or even 1:1000 are all from unregulated or offshore regulated brokers, and as we know, offshore regulation is much less strict regulation. For brokers that are formally regulated by the major regulatory bodies, they can only offer leverage of 1:30 or 1:50 at best, which is sufficient for the novice Forex trader. Lower leverage reduces the potential gains on trades, but more importantly, it reduces much of the risk. We recommend that you always keep your account risk at 2% or less.
In terms of deposit and withdrawal, like many good brokers, Global Prime provides a detailed form with important information about currency, payment method, minimum amount, arrival date, fees, etc.
A series of educational resources is available at Global Prime, such as autochartist alerts, economic calendar, market opportunities, chrome extender, VPS, autotrade, pip calculator, etcetera.
Global Prime offers comprehensive customer support tailored to meet the needs of its diverse client base. Here are the key details regarding their customer service offerings:
Is this broker well regulated?
Yes, it is currently effectively regulated by ASIC.
What trading instruments are available?
You can trade a variety of instruments including currency pairs, indices, commodities, metals, energy products, cryptocurrencies, stocks, and bonds.
What is the minimum initial deposit required to open an account?
There is no minimum deposit required to start trading.
What is the maximum leverage offered?
The maximum leverage offered is 1:100.
LBLV Review Summary | |
Founded | 2017 |
Registered Country/Region | Seychelles |
Regulation | FSA (Revoked) |
Market Instruments | Currencies, Indices, Stocks, Metals, Commodities, Digital Currencies |
Leverage | Up to 1:400 |
Trading Platforms | LBLV Trader |
Minimum Deposit | $5000 (Rookie Account) |
Regional Restrictions | Not available to residents and citizens of certain regions, including the USA and North Korea |
Customer Support | Email: clientservices-th@lblv.com, clientservice-ru@lblv.com, clientservice-pt@lblv.com, clientservices@lblv.com |
Phone: +1 8447924568 | |
Live Chat | |
Facebook, Instagram |
LBLV, founded in 2017 and registered in Seychelles, is a financial brokerage offering a range of trading instruments, including currencies, indices, stocks, metals, commodities, and digital currencies. It provides six account types to suit different trading needs. The company previously operated under the regulation of the Financial Services Authority (FSA). But this regulation has been revoked.
Additionally, LBLV is not available to residents and citizens of certain regions, including the USA and North Korea, due to regulatory restrictions.
Pros | Cons |
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Wide Range of Instruments: LBLV offers trading in various markets, including forex, indices, stocks, metals, commodities, and even digital currencies, providing flexibility for investors seeking diversification.
Multiple Contact Channels: LBLV provides various customer support channels, including a phone number, email, live chat, and presence on social media platforms, which is beneficial for quick and convenient assistance.
Diverse Account Types: LBLV offers diverse account types to cater to the varying needs of traders, including Rookie, Basic, Premier, Elite, Elite Plus, and VIP.
Revoked Regulation: The most significant concern is the revoked regulation by the Seychelles FSA. This raises serious doubts about investor protection and the company's legitimacy.
High Minimum Deposit: The $5,000 minimum deposit is far above the industry average, making it a significant barrier to entry for many potential investors, especially beginners.
Regional Restrictions: LBLV restricts residents of certain regions, including the US, from trading on their platform, limiting their reach and accessibility.
Exposure of Inability to Withdraw: There are six pieces of exposure of inability to withdraw on WikiFX, which indicates risks to fund safety.
LBLV is highly likely to be unsafe for several reasons.
Their previously claimed regulation by the Seychelles FSA, which is already considered low-tier, has been revoked, leaving investors practically unprotected in case of disputes or fraudulent activity.
There are six pieces of exposure on WikiFX alleging difficulty withdrawing funds, which is a significant red flag, indicating risks about the company's financial stability and manipulation of funds.
Additionally, the $5,000 minimum deposit is far above the industry average, creating a significant barrier to entry and potentially making it difficult to recover even a portion of your investment if things go wrong.
LBLV offers over 1400 trading instruments across six different markets, providing traders with ample opportunities to diversify their portfolios and take advantage of various investment options.
Currencies: Take advantage of investment opportunities by engaging in the buying and selling of currencies through trading major or minor currency pairs like EURUSD, AUDGBP or USDJPY.
Indices: Trade on the performance of multiple stock companies as a whole and invest in global indices like S&P 500, Nasdaq, and FTSE by monitoring local economic conditions.
Stocks: Experience greater flexibility without buying the underlying assets by investing in big tech firms and other popular stock companies like Amazon, Microsoft and Apple.
Metals: Trade different spot metals where you can speculate Gold (XAU) or Silver (XAG) against major currencies. Invest in other precious metals like Aluminium and Platinum.
Commodities: Get more exposure to a wide variety of commodities and invest in agricultural and energy derivative contracts. Trade different commodities like Brent oil, coffee or gas.
Digital Currencies: With digital currencies, you can go long or short and trade Bitcoin, Ethereum, Ripple and Cardano. Make the most out of the volatile market with the right tools and platform.
LBLV offers 6 account types to suit different trading needs. The accounts offered by LBLV share several common features, such as Islamic Account options, mobile trading capabilities, 24-hour dedicated support, access to account managers, technical indicators, and technical analysis tools. Additionally, all account holders have the option to open an EU Private Bank Account and access the services of a personal banker for assistance.
The Rookie Account, with a minimum deposit of $5,000 USD, is ideal for beginner traders or those with limited investment capital.
Moving up the ladder, the Basic Account requires a minimum deposit of $25,000 USD and targets traders with some experience and a slightly larger investment capital.
The Premier Account, with a minimum deposit of $50,000 USD, targets more experienced traders with a larger investment capital.
For seasoned traders or high-net-worth individuals, the Elite Account requires a minimum deposit of $100,000 USD.
The Elite Plus Account, with a minimum deposit of $250,000 USD, targets high-net-worth individuals or institutional traders.
At the top tier, the VIP Account requires a minimum deposit of $1,000,000 USD and is targeted at high-net-worth individuals or institutional traders seeking the most exclusive benefits.
LBLV offers leverage of up to 1:400, enabling traders to amplify their trading positions significantly with a relatively small amount of capital. Leverage is a double-edged sword, as while it can magnify profits, it also increases the risk of substantial losses.
LBLV claims to offer low trading commissions, allowing traders to increase their market exposure to all accessible instruments without incurring high fees. Additionally, the platform promises zero hidden fees, ensuring transparency in trading costs. However, detailed information about spreads and commissions is not readily available on the LBLV website.
LBLV provides a flexible platform system suitable for all types of traders, offering a sophisticated toolkit accessible on any device.
The platform is cross-platform, meaning it can be accessed and used on various devices seamlessly. It offers various charts and timeframes, enabling traders to analyze market trends and make informed trading decisions. Traders can manage multiple trades simultaneously, enhancing their trading efficiency and flexibility.
LBLV's platform ensures security through SSL encryption, protecting traders' sensitive information and transactions. The platform also provides flexible layouts, allowing traders to customize their trading environment according to their preferences. Additionally, efficient indicators and tools are integrated into the platform to assist traders in conducting technical analysis and making informed trading decisions.
LBLV provides many trading tools to help you process your trades.
Contract Expiries: Check the expiration dates of the futures contract you are investing in.
Calendar: With the regular use of the economic calendar, you can follow the release schedule of numerous economic indicators and get ready for significant market movements. Economic indicators help you consider trades in the context of economic events and understand price actions during these events.
Trading Hours: Monitor the opening and closing hours of global market exchanges.
The deposit methods are funding via credit or debit cards (Visa and MasterCard), bank transfers, and digital-currency wallets. Available currency options include EUR, USD, GBP, JPY, and AUD. In order to avoid conversion fees, choose a currency for your account that is the same as the currency you use for deposits and withdrawals.
LBLV provides customer support through various channels to cater to the diverse needs of its clients.
Traders can reach out to the support team via email, with dedicated email addresses for different languages and regions, includingclientservices-th@lblv.com, clientservice-ru@lblv.com, clientservice-pt@lblv.com, and clientservices@lblv.com.
Additionally, traders can contact LBLV's customer support team by phone at +1 8447924568, providing a direct and immediate way to seek assistance.
LBLV also offers live chat support, allowing traders to engage with a support representative in real-time for quick assistance.
Moreover, LBLV maintains a presence on social media platforms such as Facebook and Instagram.
LBLV presents an array of trading instruments and diverse account options, which can be enticing for traders seeking flexibility. However, there are significant red flags that cast doubt on its safety and legitimacy. The most concerning aspect is the revoked regulation by the Seychelles FSA, leaving investors with minimal protection. This, coupled with reports of difficulty withdrawing funds and a high minimum deposit, makes LBLV a highly risky choice for most investors.
We strongly advise to avoid LBLV and prioritize platforms with robust regulatory oversight and a commitment to investor protection.
Q: Is LBLV regulated?
A: No, LBLV was previously regulated by FSA, but its regulation has been revoked.
Q: What trading instruments are available on LBLV?
A: LBLV offers a wide range of trading instruments, including currencies, indices, stocks, metals, commodities, and digital currencies.
Q: What is the minimum deposit required to open an account with LBLV?
A: $5,000.
Q: Are there any restrictions on who can trade with LBLV?
A: LBLV is not available to residents and citizens of certain regions, including the USA and North Korea.
Q: What leverage is available on LBLV?
A: LBLV offers leverage of up to 1:400.
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive global-prime and lblv are, we first considered common fees for standard accounts. On global-prime, the average spread for the EUR/USD currency pair is 0.4 pips, while on lblv the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
global-prime is regulated by ASIC. lblv is regulated by FSA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
global-prime provides trading platform including Commission Free,Spreads + Commission and trading variety including 100. lblv provides trading platform including VIP,Elite Plus,Elite,Premier,Rookie,Basic and trading variety including --.