BASIC INFORMATION:
Lebanese Dealers Corporation (LDC) is a financial intermediary specializing in forex and CFD trading. The broker provides optimal transaction conditions and advanced operational technologies to create a user-friendly trading environment. LDC was established in 2007, offering financial services from its head office in Beirut, Lebanon. LDC claims that it is licensed and authorized by the Central Bank of Lebanon, but it is verified that this license is a clone one.
REGULATORY INFROMATION: LICENSE
LDC is regulated by the Central Bank of Lebanon under license 13.
MARKETS
Lebanese Dealers Corporation offers investment opportunities in dozens of online currencies, including majors such as the EUR/USD pair, as well as a suite of minors and exotics. Clients can also use contracts for difference to take positions on popular markets, including major stock indices, single stock shares, and commodities, such as silver, gold and oil.
LEVERAGE
Leverage varies across instruments. The maximum leverage available is 1:100 on forex pairs. This is notably higher than the 1:30 cap applied by EU-regulated brokers.
MINIMUM DEPOSIT
The Lebanese Dealers Corporation offers a single live account with its minimum deposit of $100 and users get full access to forex and CFD instrument.
PAYMENT METHODS
To fund an LDC account, users need to deposit at least $100. Instant payments are available through the following methods:
· Bank wire transfer
· Local payment methods
· Credit/debit cards including Visa and Mastercard
A request form is required to withdraw funds from live accounts. Withdrawals must be processed via the original deposit method. It typically takes three days for payments to land in client accounts. Note, LDC may request additional identity documents in line with its anti-money laundering policy.
DEMO ACCOUNT
LDC offers a free demo account on the MT4 platform. For prospective traders, the trial account is an easy way to test the different platforms and instruments offered. The demo account can also be used to build out strategies before applying them to real-money trading.
TRADING PLATFORMS
· Meta Trader 4
· VertexFX
· VertexFX Enhanced
TRADING HOURS
Trading is typically available 24 hours a day Monday to Friday. With that said, timings may vary by instrument. The MT4 terminal displays opening hours in local time zones.
CUSTOMER SUPPORT
LDC follows standard office hours, with a team of representatives available during the working week. You can contact the customer support team via:
· Fax – +961-5-459-111
· Email – info@ldc.com.lb
· Telephone +961-5-458-444
· Live chat – Contact us page
· Online contact form – Contact us page
· LDC head office address – 2nd floor, Galerie Semaan bldg., 657 Galerie Semaan Avenue, Beirut, POB 45-322, Lebanon
ACCEPTED COUNTRIES
LDC accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders cannot use LDC from United States.
