File a Complaint Against
Know Your Options and Recover Your Funds
Caution Investors LBLV.com – Regarding registration of issuance, offer or sale of securities/derivatives, and reporting requirements.
LBLV.com is a website that claims to be a leading online trading platform that offers access to various financial markets, such as forex, commodities, indices, and cryptocurrencies. However, this website is not authorized or regulated by any reputable financial authority, such as the Financial Conduct Authority (FCA) in the UK. This means that LBLV.com is operating illegally and without any oversight or protection for its customers.
Regulation and Compliance:
One of the most important factors to consider when choosing an online broker is whether it is regulated by a credible financial authority. Regulation ensures that the broker follows certain rules and standards, such as keeping customer funds in segregated accounts, providing fair and transparent pricing, and offering dispute resolution mechanisms. Regulation also protects customers from fraud, abuse, and insolvency of the broker.
LBLV.com is not regulated by any financial authority, which means that it can operate in any way it wants, without any accountability or responsibility. This exposes customers to a high risk of losing their money or being scammed by the broker. In fact, the FCA has issued a warning against LBLV.com, stating that it is an unauthorized entity that may be involved in fraudulent activities.
Another way to assess the reliability and reputation of an online broker is to look at customer reviews and feedback. Customer reviews can provide valuable insights into the quality of the broker’s services, products, platforms, and customer support. Customer reviews can also reveal any issues or problems that customers have faced with the broker, such as delays in withdrawals, hidden fees, manipulation of prices, or denial of service.
LBLV.com has a very poor reputation among customers, as evidenced by the numerous negative reviews and complaints that can be found online. Many customers have reported that LBLV.com is a scam that refuses to process withdrawals, charges excessive fees, provides false information, and uses aggressive marketing tactics. Some customers have even claimed that LBLV.com has stolen their money or identity.
Products and Services:
One of the main attractions of online trading is the variety and diversity of products and services that brokers can offer. Online trading allows customers to access different financial markets and instruments, such as currencies, stocks, commodities, indices, and cryptocurrencies. Online trading also allows customers to use different platforms and tools, such as web-based platforms, mobile apps, charting software, indicators, signals, and educational resources.
LBLV.com claims to offer a wide range of products and services to its customers, such as forex trading, commodities trading, indices trading, and cryptocurrency trading. It also claims to offer a proprietary web-based platform called LBLV Trader, as well as a mobile app for iOS and Android devices. However, these claims are not verified or supported by any evidence or documentation. Moreover, these products and services are likely to be inferior or defective compared to those offered by regulated and reputable brokers.
One of the indicators of the legitimacy and trustworthiness of an online broker is its location and address. A broker’s location and address can reveal its legal status and jurisdiction, as well as its compliance with local laws and regulations. A broker’s location and address can also affect its accessibility and availability for customers who need to contact or visit the broker.
LBLV.com does not provide any clear or consistent information about its location or address on its website. It only mentions that it is owned by a company called LBLV Ltd., which is registered in Seychelles. However, this registration does not imply any regulation or supervision by any financial authority. Furthermore, Seychelles is known to be a tax haven and a hotspot for offshore companies that are involved in shady or illegal activities.
One of the aspects of online trading that customers value highly is customer service. Customer service refers to the quality and efficiency of the communication and support that brokers provide to their customers. Customer service can include various channels and methods, such as phone calls, emails, live chats, social media platforms, FAQs pages, blogs, newsletters, webinars, etc.
LBLV.com claims to offer 24/7 customer service via phone calls and emails. However, these claims are not backed up by any evidence or testimonials from customers. In fact, many customers have reported that LBLV.com has poor or non-existent customer service that ignores or blocks their inquiries or requests. Some customers have even accused LBLV.com of harassing them with unwanted phone calls or emails.
Is Your Money Safe in an unregulated company?
One of the most important questions that customers should ask themselves before choosing an online broker is whether their money is safe in an unregulated company. The answer is no. An unregulated company does not have any obligation or guarantee to protect or return the money that customers deposit or invest with them. An unregulated company can use customer funds for any purpose, such as paying for its expenses, funding other businesses, or covering its losses. An unregulated company can also disappear or shut down without any notice or compensation for customers.
LBLV.com is an unregulated company that does not have any safeguards or security measures to ensure the safety of customer funds. LBLV.com does not keep customer funds in segregated accounts, which means that it can mix customer funds with its funds or with other third parties. LBLV.com does not have any insurance or compensation schemes, which means that customers cannot recover their money if LBLV.com becomes insolvent or bankrupt. LBLV.com does not have any audit or verification processes, which means that customers cannot trust the accuracy or honesty of LBLV.com’s financial statements or reports.
Defensive Measures Against Fraudulent Brokers:
Given the high risk and danger of dealing with fraudulent brokers like LBLV.com, customers should take some defensive measures to protect themselves from scams and losses. Some of these measures are:
– Do your research: Before choosing an online broker, do some research and background checks on the broker’s history, reputation, regulation, products, services, and customer reviews. You can use various sources and platforms, such as websites, blogs, forums, social media platforms, review sites, etc.
– Check the regulation: Always check whether the broker is regulated by a reputable financial authority, such as the FCA in the UK, the ASIC in Australia, the CySEC in Cyprus, etc. You can verify the broker’s regulation status by visiting the official website of the financial authority or by contacting them directly.
– Avoid unauthorized entities: Avoid any broker that is not authorized or regulated by any financial authority, especially if they are based in offshore locations or tax havens. These brokers are likely to be involved in fraudulent or illegal activities and pose a high risk to your money and personal information.
– Beware of unrealistic offers: Beware of any broker that offers unrealistic or too-good-to-be-true offers, such as high returns, low fees, bonuses, promotions, guarantees, etc. These offers are usually designed to lure customers into depositing money with the broker and then prevent them from withdrawing it.
– Read the terms and conditions: Always read the terms and conditions of the broker carefully and thoroughly before signing up or making any transactions. The terms and conditions may contain hidden clauses or fees that can affect your rights and obligations as a customer. If you have any doubts or questions about the terms and conditions, seek professional advice or assistance.
– Keep records: Always keep records of your communication and transactions with the broker, such as phone calls, emails, chats, receipts, confirmations, etc. These records can serve as evidence or proof in case of any dispute or complaint with the broker.
– Report scams: If you suspect or encounter any scam or fraud by a broker, report it to the relevant authorities as soon as possible. You can also warn other customers by sharing your experience and feedback on various platforms and channels.
LBLV.com is an unauthorized entity that claims to offer online trading services but is actually a fraudulent broker that poses a high risk and danger to customers. LBLV.com is not regulated by any financial authority and has a very poor reputation among customers. LBLV.com does not provide any reliable or quality products or services and does not protect or respect customer funds or information. Customers should avoid LBLV.com at all costs and take some defensive measures to protect themselves from scams and losses.