LVMarkets Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this LVMarkets Review.
LVMarkets is a broker that offers trading on forex and CFDs on oil and indices on one type of live trading account – Standard. Its spreads are fixed and it does not charge commissions on forex trading. There is also a free demo account for those who wish to try trading without risking their own funds.
The Company. Security of Funds
Company Country Regulation
LVMarkets Vanuatu None
LVMarkets was established in 2016 and is based in the offshore zone Vanuatu. The broker’s site displays a Dealers in securities license from the country. Vanuatu, however is an offshore zone and they are notorious for its lax requirements and laissez-faire approach.
It is much safer to use the services of a forex broker supervised by a much more reputable regulator like UK’s FCA or the Australian Seucirties and Investment Commission.
Like most brokers LVMarkets offers MetaTrader 4 as a trading platform. Usually it is the most obvious choice for the forex brokers, as it is user friendly and has many options. Besides, most traders are well familiar with it. The MT4 has charting and technical analysis tools and allows hedging and auto trading.
Methods of payment
We could not find any information on the ways in which a client can make a deposit to their trading account.
LVMarkets is a new unregulated offshore forex broker. Its spreads are in the average in the minimum deposit requirement is decent, compared to other similar brokers who require $1000, for example, but its leverage is low.
We did not like the fact that there is barely any practical information on the website, for example on the asset portfolio or the funding and withdrawal options.
As a general rule doing business with unregulated offshore forex brokers is a very bad idea and the potential investors should rather choose a forex broker regulated by a watchdog of higher reputation. More often than not it would offer better conditions in addition to the regulatory protection.
LVMarkets Review Conclusion
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