About the company:
The Lebanese Dealer Corporation is a financial intermediary that specializes in foreign exchange and contracts for difference (CFD) trading. To establish a pleasant trading environment, the broker offers ideal trading circumstances and innovative operational technology. It was created in 2007 and is based in Beirut, Lebanon, where it provides financial services. The Central Bank of Lebanon has licensed and authorized the broker. There are a variety of teaching tools and common financial instruments available, as well as quick customer service and immediate deposits.
MT4 is a popular forex trading software and an outstanding investment tool. Using a variety of technical indicators, drawing tools, and chart formats, you may employ a variety of tactics. Clients may use the MetaTrader Market to place instant and pending stop orders, as well as install hundreds of add-ons to their trading terminal.
iOS and Android devices are supported by the MetaTrader 4 mobile app. You may use your mobile device or tablet to manage your account completely. There are also SMS market notifications, as well as instant and pending orders, a built-in economic calendar, and watchlists.
Vertex has a simple interface that includes numerous charts, a market monitoring window, and a variety of sketching and analysis tools. It’s perfect for automated trading because of the VTL 10 scripting language and dynamic API structure. The platform has also won honors for its user-friendliness.
Multi-account money managers can use the E-Broker platform. The browser-based solution is based on the VertexFX platform, but there is no need to download anything to your computer. The capabilities, market access, and security of the E-Broker platform are identical to those of the downloaded terminal.
The Lebanese Dealer Corporation provides investing options in dozens of online currencies, including majors like the EUR/USD and a variety of minor and exotic currencies. CFDs allow clients to open positions in a variety of markets, including major stock indexes, individual equities, and commodities like silver, gold, and oil.
Spreads and commissions
When it comes to commissions, the firm does not go above and beyond. The broker gets a cut of floating spreads but doesn’t provide typical spreads for popular assets. This is a warning sign that LDC may be more expensive than other suppliers. On the other hand, no trading fees are charged. However, users should be cautious of rollover and inactivity penalties.
The amount of leverage changes according to the instruments. On currency pairings, the highest leverage possible is 1:100. This is far greater than the 1:30 limit imposed by licensed brokers in the European Union. This may be excellent news for those looking to significantly expand their holdings, but it might also result in significant losses. Before trading with a high leverage ratio, we advise you to be cautious.
Deposits and withdrawals
To fund an account, users need to deposit at least $100.
- Bank transfer
- Local payment methods
- Credit/debit cards, including Visa and Mastercard,
A request form is necessary to withdraw money from genuine accounts. Withdrawals must be processed in the same manner as the initial deposit. Payments are often received in client accounts within three days. Please be aware that, in accordance with its anti-money laundering policy, the firm may seek further identity papers.
A trial account is a convenient way for new traders to try out the various platforms and tools available. The demo account may also be utilized to test techniques before putting them into practice with real money. Users must first complete a brief online registration form on the broker’s website in order to create a demo account.
Under a 13 license, the broker is controlled by the Central Bank of Lebanon. In Lebanon, the Regulatory Council is well-known for enforcing high compliance requirements for brokers and delivering secure and transparent financial services. Client money is segregated as part of this. In order to show capital stability and regulatory compliance, the broker also presents monthly financial reports to the board of directors.
Educational and research materials are available on the broker’s website. Real-time independent price quotations for hundreds of products are also available, as well as an economic calendar, market news, and real-time financial charts. The online education center provides basic investment information, such as economic analysis and the fundamentals of Forex and CFD trading.
For immediate market access, the business provides a single live account. Users have full access to forex and CFD tools after making a $100 investment.
You must complete a short online application form in order to establish a genuine account. Before you can fund your account and begin trading, you must provide identification papers and evidence of residency. Customers can open accounts in a variety of jurisdictions, including Europe and the United Arab Emirates.
From Monday to Friday, trading is normally open 24 hours a day. Depending on the instrument, the time may differ. The MT4 terminal shows operating hours in local time zones.