On-line since: About the company: Founded in 2007 in Lebanon, LDC, Lebanese Dealers Corporation, provides its clients with a wide range of services for online Forex trading. The company offers several types of platforms for trading currency pairs (major and cross), stocks, CFDs, indices, and various commodities. After opening an account, clients are given access to a variety of educational and analytical materials. Security of funds LDC is licensed and regulated by the Central Bank of Lebanon under license No. 13 and adheres to the country’s strict regulations. Therefore, such tight control is likely to guarantee the safety of funds. Data transfer within the company and between servers is performed with the help of SSL encryption. Financial transactions are processed by certified international PCI level 1 payment service providers. Trading conditions Minimum initial deposit The minimum initial deposit required by LDC is $100, which is the average sum for the Forex market. Average spreads and commissions The company does not provide specific information on the size of spreads. However, it clarifies that there are no commissions. Maximum leverage The minimum leverage is 1:100. There is also no information about trading accounts on the company's website, which can puzzle and scare off a potential client. Trading platforms Clients can choose between four trading platforms: MetaTrader 4 (MT4), VertexFX Trader, E-Broker, and WebTrader. More detailed information on trading platforms can be found in the corresponding section on the website. Payment methods LDC customers can deposit and withdraw funds by using credit or debit cards (VISA, MasterCard, Diners Club), wire transfers, and local payment methods. Feedback On the Internet, there are not many reviews on this broker, but among the found ones, negative comments prevail. In addition, the website makes a bad impression. The client is unlikely to register as the broker does not provide the necessary information (neither on trading accounts nor on trading instruments). To sum up, we can highlight the following advantages and disadvantages of the company: Pros:
Cons:
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I have experience dealing with LDC brokers. On their MT4 platforms, I have found perfect execution and fixed spreads. So all of my orders were executed in the right position. Also, I can use many tools, and indicators with an EA, which make my deal profitable, I can deposit or withdraw my fund within a day through Skrill. Overall I'm satisfied with LDC broker after experiencing excellent service.
I have been trading with LDC for over a year now, and I am pleased with their services. I have experience with other traders, and I consider Oanda one of the best. I opened an account with just $100, and my first withdrawal profit was after 3 months of trading in the amount of $600. Since then my profit has improved to $400 a month. I trade Gold and EUR/GBP, USD/GBP, and USD/CAD currency pairs. I never had re-quotes, and the spread is stable during volatility times.
I feel relaxed when trading with LDC, they have very trouble-free and quick depositing and withdrawal system. I was deposit $1200 with them and tried EA with them for three months, and I doubled my profit with them. I also like their low spread, sometimes it is less than 1 pip. Execution is instant and no requotes. Some slippage occurs on big news releases but until now I got slippage only two times. Withdrawals are also fast typically I got my money within the same day through local payment methods. You guys should try LDC broker.
When it comes to the overall trading experience, I really have nothing to complain about. This broker allows a smooth trading experience with their quality services. However, there is a bit of an issue when it comes to withdrawal of funds. The transaction was delayed for two days when I made my withdrawal.
LDC is not a recommended broker. Based on my experience, I don't feel satisfied after I trade with them. I put $150 as an initial deposit, and I started to trade with them. I don't like their trading conditions. Also, their platform is unstable. The first time I trade with them, their executions delay 10-20 seconds. I lost $90 in single trade due to their bad platform and performances. Also, I just know that their fees are higher compared with other brokers. They took $30 for the withdrawal fee. So, I closed my account, I don't want to trade with an unreliable broker.
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