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IG , LBLV Broker Comparison

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

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

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
IG
8.49
Domestic Regulation
Under guarantee
Above 20 years
ASIC,FCA,FSA,NFA,AMF,FMA,MAS,DFSA
--
A
B
566.1
109
109
125
1627
1627
1375
C

EURUSD: -22.5

XAUUSD: 2.7

--
--
--
B
16.17 USD/Lot
35.28 USD/Lot
AA

Long: -6.42

Short: 2.14

Long: -18.32

Short: 8.57

AAA
0.2
17.5
Standard account,DMA account
Foreign exchange, precious metals, CFD
no minimum deposit requirement
200:1
EURUSD 0.6 Gold 0.3
0.00
floating
0.1,0.01(MT4)
--
LBLV
1.52
No Regulation
Under guarantee
--
5-10 years
FSA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
VIP,Elite Plus,Elite,Premier,Rookie,Basic
--
1M USD
--
--
0.00
Floating
0.01
--

IG BrokersRelevant information

IG 、 LBLV BrokersRelevant 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 ig, 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:

Forex broker introduction

ig
Registered in United Kingdom
Regulatory status FCA, ASIC, FSA, NFA, FMA, MAS and DFSA
Year(s) of incorporation More than 20 years
Market instruments Currency pairs, indices, cryptocurrencies, stocks and commodities
Minimum initial deposit $0
Maximum leverage 1:200
Minimum spread 1 pips for EURUSD
Trading platform Intuitive web platform, MetaTrader 4, L2 dealer and mobile apps
Deposit and withdrawal methods Credit/debit cards, bank transfer
Customer Service E-mail/phone number/address/live chat
Fraud allegations Yes

Here is an official video from the company.

It is important to 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.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and Cons of IG

Pros:

  • Wide variety of markets and instrument options.

  • Intuitive and customizable trading platforms.

  • Access to advanced technical analysis and charting tools.

  • Multilingual, multi-channel customer service.

  • Demo account with virtual financing of $20,000.

  • There is no minimum deposit requirement for real accounts.

  • It offers leverage of up to 1:200.

Cons:

  • Fees and costs may not be clearly specified on the website.

  • Information on account types is limited.

  • There are not many educational resources available on the website.

  • The withdrawal of funds is not clearly specified.

  • The minimum transaction amount may be high for some markets.

  • No welcome bonuses or promotions are offered.

  • Credit card deposit fees can be high compared to other brokers.

What type of broker is IG?

Dimension Advantages Disadvantages
Broker Model IG offers tight spreads and fast execution due to its Market Making model. As a counterparty to its clients' operations, IG has a potential conflict of interest that may lead to decisions that are not in the best interest of the clients.

IG is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, IG acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that IG has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with IG or any other MM broker.

General Information and Regulatory Status

IG is a UK-registered company and regulated by multiple international financial bodies, including the FCA, ASIC, FSA, NFA, FMA, MAS and DFSA. It offers access to a wide variety of financial instruments, including currencies, indices, cryptocurrencies, stocks and commodities, with over 18,000 markets available. The company provides multiple trading platforms, including an intuitive web platform, MetaTrader 4, L2 dealer and mobile apps. It also offers multilingual customer support through various channels, including telephone, email, social media and online chat.

In the following article, we will analyze the characteristics of this broker in all its dimensions, offering you easy and well-organized information. If you are interested, read on.

Market Instruments

Advantages Disadvantages
Wide variety of trading instruments Too many instruments can be overwhelming for some
Possibility to diversify the investment portfolio Increased knowledge and skill is required to operate
Opportunities to take advantage of different conditions There may be more risk due to exposure to different markets
Access to a wide range of international markets Increased complexity in position and risk management

IG offers access to more than 17,000 markets, including currencies, indices, cryptocurrencies, stocks and commodities. This dimension is an advantage for traders as it provides them with a wide variety of instruments to trade and allows them to diversify their investment portfolio. In addition, this wide selection of instruments allows traders to take advantage of different market conditions and opportunities. However, a possible disadvantage of this dimension is that it can be overwhelming for some traders, as it requires greater knowledge and skill to trade in different markets. In addition, exposure to different markets can increase the risk of a portfolio, requiring more complex position and risk management.

market instruments

Spreads and Commissions

Advantages Disadvantages
- Spreads are quite competitive. - Spreads can be viewed on the website. - There is not much information available on commissions. - Costs may be higher in less liquid markets or with lower trading volume.

In terms of costs, IG offers competitive and transparent spreads, with the average spread for EUR/USD being one pip. However, there is not much information available on commissions, which may create uncertainty for some traders. In addition, it is important to note that costs may be higher in less liquid markets or with lower trading volume. Overall, IG appears to offer a reasonable and competitive cost structure compared to other brokers.

trading costs

Trading Accounts Available at IG

IG's demo account is a very useful tool for beginner traders, as it allows them to trade in a safe and risk-free environment. With IG's virtual funding of $20,000, traders can practice and hone their trading skills without risking their capital. In addition, the IG demo account provides access to the trading platform and all the instruments and tools available in the live account, allowing traders to familiarize themselves with the platform and test different trading strategies. Overall, the IG demo account is an excellent tool for beginner traders to gain experience and confidence in trading before investing their own capital.

Advantages Disadvantages
No minimum deposit requirement Lack of detailed information on account types on the website
Single account for all customers It can be difficult for new customers to choose a suitable account without detailed information.
Access to all of IG's financial instruments

IG offers a single live account for its clients without a minimum deposit requirement. However, there is not much information available on their website about account details such as spreads, commissions and margin requirements. This can make it difficult for new clients to choose the account that best suits their needs and preferences.

account types

Operating Platform Offered by IG

Advantages Disadvantages
Easy-to-use intuitive web platform Web platform may be less customizable than other platforms
Offering MetaTrader 4, a popular and well-known platform MetaTrader 5, the latest version of the platform, is not offered.
L2 Dealer offers a wide range of advanced tools and functionalities for experienced traders. L2 Dealer can be more complicated for beginner traders
Mobile apps available for iOS and Android Mobile apps may be less customizable than the web platform
Wide selection of platforms to meet the needs of different types of traders No proprietary trading platform exclusive to IG is offered.

IG offers a variety of trading platforms to meet the needs of different types of traders. The web-based platform is intuitive and easy to use, although it may be less customizable than other platforms. They also offer MetaTrader 4, a popular and well-known platform in the forex industry. For experienced traders, L2 Dealer offers a wide range of advanced tools and functionalities. However, this platform can be more complicated for beginner traders. Mobile apps are available for iOS and Android, allowing traders to trade on the go. Overall, the selection of platforms offered by IG is an advantage for traders, although some may find the lack of an IG-exclusive trading platform a disadvantage.

trading platform

Maximum IG Leverage

Advantages Disadvantages
Allows traders to increase their earning potential with limited capital Leverage also increases the risk of significant losses
Possibility of accessing larger markets without having to deposit large amounts of capital Novice traders may have difficulty understanding and managing leverage properly.
Opportunity to diversify the investment portfolio by trading in several markets with different levels of leverage Leverage can increase psychological pressure on traders, which can affect their decision making.
Facilitates the possibility of profiting from small market movements Traders can lose more than what they initially invested if they do not properly manage leverage and the associated risks.

As for the maximum leverage dimension at IG, the company offers a maximum leverage of up to 1:200. This means that traders can open positions that are 200 times larger than their available capital. Leverage can be a powerful tool for experienced traders, as it allows them to earn higher profits with limited capital. However, it can also significantly increase the risk of loss and it is important that traders fully understand the risks and limitations of leverage before using it. Overall, IG's maximum leverage is comparable to that of other online brokers and may be suitable for those seeking greater buying power in the market.

maximum leverage

Deposit and Withdrawal: Methods and Fees

Advantages Disadvantages
Wide variety of deposit methods No detailed information on withdrawals is provided
No minimum deposit required Commissions on credit card deposits
Free deposits with Visa and Mastercard debit cards There are no other methods such as skrill, neteller, perfect money, etcetera.
Bank transfers accepted

IG offers several methods for depositing funds, including debit and credit cards, as well as wire transfers to your HSBC and Standard Chartered Bank accounts. No minimum deposit is required and debit card deposits are free of charge. However, fees of 1% are charged on Visa deposits and 0.5% on Mastercard deposits. Unfortunately, there is no detailed information on withdrawal of funds, which may be a drawback for some customers. Overall, the variety of deposit options is positive, although the costs associated with credit card deposits should be carefully considered.

deposit and withdrawal

IG Educational Reaources

Unlike other online brokers, IG seems to offer a limited amount of educational resources on its website. Although a news and analysis section can be found, as well as an economic calendar, there are not many online resources to help traders learn and improve their trading skills. It is important to note that despite this, IG has a long history and experience in the financial market, which can be of great help to experienced traders looking for a reliable and solid platform to conduct their trades. However, for new and inexperienced traders, they may need to seek additional educational resources elsewhere to enhance their understanding of the financial markets and develop effective trading skills.

IG Customer Service

Customer service is an important dimension for any business and in the case of IG, this company offers a variety of options for contacting them. Customers can communicate via phone, email, social media and online chat, which offers great flexibility and convenience for users. In addition, customer service is available in multiple languages, which is a great advantage for international customers. Overall, IG seems to have placed adequate emphasis on customer service, which is important to ensure customer satisfaction and maintain a good reputation in the financial market.

Conclusion

In conclusion, IG is a well-established and regulated trading platform that offers a wide variety of financial instruments, an intuitive web platform and access to MetaTrader 4 and L2 Dealer. Although its demo account offers generous virtual funding, information on live accounts is limited. Multilingual customer service is available through multiple channels. However, the lack of educational resources and limited information on withdrawals are areas where they could improve. Overall, IG is a solid choice for traders looking for a regulated platform with a wide selection of instruments and a reliable trading platform.

Frequently Asked Questions about IG

  • Question: What is the minimum deposit required to open an account with IG?

  • Answer: There is no minimum deposit requirement to open an account with IG.

  • Question: What deposit methods are accepted on IG?

  • Answer: IG accepts deposits through debit cards, credit cards and bank transfers.

  • Question: What is the maximum leverage offered by IG?

  • Answer: IG offers a maximum leverage of up to 1:200 on certain financial instruments.

  • Question: How can I contact IG customer service?

  • Answer: You can contact IG customer service by phone, email, online chat or social media.

  • Question: What trading platforms does IG offer?

  • Answer: IG offers an intuitive web platform, MetaTrader 4, L2 Dealer and mobile applications.

  • Question: What is the average spread for EUR/USD at IG?

  • Answer: The average spread for EUR/USD is one pip.

  • Question: Does IG offer educational resources for traders?

  • Answer: They offer a variety of live webinars and educational content on their YouTube channel.

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.

Are the transaction costs and expenses of ig, lblv 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 ig and lblv are, we first considered common fees for standard accounts. On ig, the average spread for the EUR/USD currency pair is EURUSD 0.6 Gold 0.3 pips, while on lblv the spread is --.

Which broker between ig, lblv 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.

ig is regulated by ASIC,FCA,FSA,NFA,AMF,FMA,MAS,DFSA. lblv is regulated by FSA.

Which broker between ig, lblv 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.

ig provides trading platform including Standard account,DMA account and trading variety including Foreign exchange, precious metals, CFD. lblv provides trading platform including VIP,Elite Plus,Elite,Premier,Rookie,Basic and trading variety including --.

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