LBLV Review
LBLV is a dangerous broker.
LBLV isn’t what you think. We are going to detail what makes this broker a scam. All of our reviews are based on research carried out by professionals.
LBLV regulation.
This is the most important point that a broker must have, a regulated license. A broker regardless of the country where he offers trading must have a regulated license. In Europe each country has its own regulations, the same for Australia (ASIC) and the United States (CFTC). LBLV does not have any regulated licenses while offering trading to Europe,USA and Australia. This is a strong indicator that it is a scam.
LBLV uses the license of another regulated company..
This is often the case with fraudulent brokers. It uses a license from a regulated company (they almost have the same name) or gives a license number that isn’t valid. Also pay attention to licenses that come from offshore countries such as the Marshall Islands or Saint Vincent and The Grenadines but isn’t just these fraudulent countries, there are several.
Based in a country with low regulations.
It’s a broker based in an offshore country for financial services. Take the example of LBLV who is based in Seychelles, it’s a country that has a license but it doesn’t allow financial services to be offered in another country. Many brokers use this type of license to defraud people who are new to trading.
LBLV does not have a registered office.
LBLV has an address for his offices but by checking, no company is located at this address. Either there is no office or it’s just a bogus address like 90% of scammers.
Public warning against LBLV.
LBLV has received a public warning from FCA which is a regulated federation. Each country has its own federation for all financial services like trading, banking, loans. When a broker is reported by a known federation, you can be sure it is a scam.
What are the chances of getting your money back?
If you are a victim of this broker, you must complete the file below or use the online chat if the amount lost is greater than $5,000 to be put in direct contact. Your chances will depend on several things like payment history, method of payment. Each file is different but MyChargeBack knows all the procedures to speed up your file. If you want to know more about the procedure.
Our Verdict.
We can confirm that LBLV is a scam that doesn’t have regulated licenses and therefore isn’t a reliable broker. We advise you to see with your bank what it’s possible to do or if you want to directly use a online recovery service, complete the form below.
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