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LBLV , Spreadco Broker Comparison

Do you want to know which is the better broker between LBLV and Spreadco ?

In the table below, you can compare the features of LBLV , Spreadco side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant exposure
 2  brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Official website
Basic Information
Established(years)
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed(ms)
The highest transaction speed(ms)
The highest speed of opening positions(ms)
The highest speed of closing position(ms)
Slowest transaction speed(ms)
The lowest speed of opening positions (ms)
The lowest speed of closing position(ms)
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost (USD/Lot)
Rollover Cost
Rollover cost rating
  • Average Rollover Cost (USD/Lot)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time(ms)
Account Information
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
Pin on the left
1.54
No Regulation
No guarantee
--
5-10 years
FSA
Not supported
Not supported
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

--

--

--
--
--
--
--
--
--
1M USD
--
--
--
Floating
0.01
--
7.08
Regulated
No guarantee
--
15-20 years
FCA
Not supported
Not supported
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--

--

--

--
--
--
--
--
--
shares, commodities, forex, cryptocurrencies
--
--
--
--
--
--
--

Score
Regulatory Status
No Regulation
Regulated

LBLV 、 Spreadco BrokerRelevant exposure

Which broker is more reliable?

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 lblv, spreadco 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:

Forex broker introduction

lblv
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

What is LBLV?

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.

LBLVs homepage

Pros & Cons

Pros Cons
  • Wide Range of Instruments
  • Revoked Regulation
  • Multiple Contact Channels
  • High Minimum Deposit
  • Diverse Account Types
  • Regional Restrictions
  • Exposure of Inability to Withdraw

Pros:

  • 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.

Cons:

  • 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.

Is LBLV Safe or Scam?

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.

revoked FSA license

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.

User Exposure on WikiFX

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.

Market Instruments

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.

Market Instruments

Account Types

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.

account comparison

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.

Leverage

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.

Leverage

Spreads & Commissions

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.

Commissions

Trading Platforms

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.

Trading Platforms

Trading Tools

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.

Contract Expiries

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.

Calendar

Trading Hours: Monitor the opening and closing hours of global market exchanges.

Trading Hours

Deposits & Withdrawals

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.

Customer Service

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.

Conclusion

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.

Frequently Asked Questions (FAQs)

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.

Risk Warning

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.

spreadco
Registered Country/Region United Kingdom
Regulation FCA
Minimum Deposit $200
Maximum Leverage 1:30
Minimum Spreads 0.8 pips on the EUR/USD pair
Trading Platform Web Platform, Mobile Apps
Demo Account Yes
Trading Assets Forex, Equities, Commodities, ETFs, Indices
Payment Methods Bank wire transferDebit and credit cardSkrill
Customer Support 5/24, Email, Phone

General Information & Regulation

Spread Co Limited is a limited liability company registered in England and Wales with its registered office at 22 Bruton Street, London W1J 6QE. Company No. 05614477. Spread Co is an online spread betting and CFD broker specialising in forex, commodities, equities and indices. Spread Co Limited is authorised and regulated by the Financial Conduct Authority with regulatory license no. 446677.

Market Instruments

With a Spread Co account, investors can trade on a wide range of global markets, from major indices and global equities to foreign exchange currency pairs, commodities, crude oil, precious metals, and bitcoin, to meet a wide range of investment needs.

Account Types

Spread Co has two different types of accounts, the spread trading account and the CFD account. Minimum deposits depend on account types. To open a spread trading account, traders are required a minimum initial deposit of £200 and £250 for a CFD account.

Demo Account

Spread Co does offer a demo trading account for beginners to practice forex trading in a 100% risk-free environment. The Spread Co demo account does not have a specific expiry date. Some features of the Spread Co demo accounts include the following:

  • Practice trading with £25,000 virtual funds

  • Develope you strategies with no risk

  • Learn how risk management tools work

demo-account

Leverage

Leverage level offered by Spread Co do depends on the regulatory requirement you trading with and the brokerage operates. This applies due to various safety measures applied to eliminate the risks involved while trading, specially for retail traders.

With Spread Co, LverageTrading leverage vary by different instruments:

  • 1:30 for Forex currency pairs,

  • 1:10 for commodities

  • 1:20 for indices

  • 1:5 for enquities

Spreads & Commissions

Spread Co offers commission-free trading, and the broker only takes its cut from the spread. EURUSD spreads start from 0.8 pips, 4 pips for US Crude Oil, 4 pips for Gold, and 40 pips for Bitcoin/USD.

There are no other fee indicated for Spread Co, but traders are advised to verified fees pertainning to the following:

  • Account maintenance and management

  • Inactivity fees and Conversion fees

Trading Platforms

What Spread Co offers traders is not the MT4 trading platform, which is currently the most popular one, but its in-house developed online trading platform. This online trading platform requires no download and allows traders to customize their trading experience for experienced traders and novice traders. Anyway, lack of widely used MT4 & MT5 trading platforms really a drawback for such a big broker.

Deposit and Withdrawal of Spread Co

Spread Co allows traders to deposit and withdraw funds from their investment accounts via the following methods:

  • Credit Card;

  • UK Credit Card;

  • Bank Transfer;

  • Skrill

Spread Co does not charge traders any fees for withdrawals or deposits . Spread Co has no limit to how much you can fund via the platform, but the maximum amount which it can accept for your first payment is GBP500 via the phone. Successfully authorized payments will be available immediately.

Spread Co suppports the following deposit currencies when deposits and withdrawals are made to end from the trading account: GBP, USD, EUR.

Customer Support

Customer services are available in several options: email, whatapp, Live chat, and telephone.

Here are some contact details:

Telephone: 0800 078 9398

Email: info@spreadco.com

Or you can also follow this broker on some social media platforms, such as Facebook, Twitter, and Youtube.

Educational Resources

Spread Co provides clients support through relationship managers that provide assistance as well as providing eucation. The broker provides educational library with multiple guides and video updates along with the market overview, platform, news and economic calendars.

educational-resources

Pros & Cons

Pros Cons
FCA-regulated Additional non-trading fees
Competitive trading conditions Limited product portfolios
7/24 customer support No Ilslamic account provided
Demo accounts available Withdrawal fees are charged
No deposit fees Conservative leverage
Commission-free CFD trading

Frequently Asked Questions

Is Spread Co legal ?

Yes, Spread Co is a legal broker that adheres to rules and regulations stipulated by the FCA.

Does Spread Co offer a demo account?

Yes, Spread Co does offer a demo account that is valid for 2 weeks.

What is the maximum trading leverage offered by Spread Co?

The maximum trading leverage offered by Spread Co is up to 1:30.

What are the deposit and withdrawal methods supported by Spread Co ?

Payment methods supported by Spread Co include Bank Wire Transfer, Credit/Debit Cards, Skrill.

What is the overall rating for Spread Co ?

The overall rating for Spread Co is 7.06/10 based on its License Index, Business Index, Risk Management Index, Software Index and Regulatory Index.

Are the transaction costs and expenses of lblv, spreadco lower?

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 lblv and spreadco are, we first considered common fees for standard accounts. On lblv, the average spread for the EUR/USD currency pair is -- pips, while on spreadco the spread is --.

Which broker between lblv, spreadco is safer?

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.

lblv is regulated by FSA. spreadco is regulated by FCA.

Which broker between lblv, spreadco provides better trading platform?

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.

lblv provides trading platform including VIP,Elite Plus,Elite,Premier,Rookie,Basic and trading variety including --. spreadco provides trading platform including CFD Account,Spread betting account and trading variety including shares, commodities, forex, cryptocurrencies.

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