LBLV is an offshore forex broker. According to the brokers’ website, lblv.com, LBLV is owned and operated by LBLV Ltd. The company alleges that based in Seychelles. Their website supports English, Russian, and Brazilian languages only.
Profitix is an offshore Forex brokerage registered in St. Vincent and the Grenadines. It provides the MT5 trading platform, and an extremely generous leverage. Traders are extended a leverage of up to 1:400. Furthermore, there is a wide range of trading products from which to choose, but the spread of 3 pips is quite high and not in favor for the traders in our opinion. The required minimum deposit is the standard $250.
|#||Broker's Features||LBLV Availability||PROFITIX Availability|
|#||Accepts US traders||✔||❌|
|#||24 hour trading||✔||✔|
|#||Trading by phone||✔||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||✔||✔|
|#||Interest charges on the balance||✔||❌|
|#||24 hour support||✔||✔|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare LBLV vs Profitix.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. LBLV offers Online Financial Trading and Investment Services Such as Commodities, Indices, Stocks, Shares, Metals, CFDs, while Profitix offers Currency Trading, Commodities Trading, Shares Trad.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. LBLV is Broker, ECN, while Profitix is Broker.
Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. LBLV recommended minimum capital is Rookie, Basic, Premier, Elite - Fixed and VIP - Fl, while Profitix has a Minimum Deposit Requirement of 250.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. LBLV is regulated by Seychelles FSA, while Profitix regulated by N/A. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. LBLV offers USD, EUR, GBP different account currencies for each account types, while Profitix offers USD, EUR, GBP account currencies.
Languages Available: Next lets have a look at each broker's different Language options. LBLV offers English, Russian, Portuguese, Brazilian, while Profitix offers English, Deutsch Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. LBLV offers Visa, MasterCard, Bank Transfer/SWIFT, Skrill, Net different payment methods for each account types, while Profitix offers MasterCard, Visa, Bank Wire Transfer payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, LBLV makes MT5, WebTrader available to clients, while Profitix offers MT5, WebTrader.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, LBLV is more reliable based on our criteria above. Only LBLV offers demo account, allowing you to test their platform to see which is suitable for you. LBLV has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. LBLV has a wider range of languages in which customer service is offered making the broker more accessible. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. LBLV broker offers lower minimum deposit requirement. Only LBLV provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.