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Rating Index

Pros

Competitive rebate program that can lower trading costs significantly.
Offers 24/7 customer support via live chat, phone, and email.
No increase in spreads after using their rebate service, making it more profitable for traders.

Cons

Overall rating is low, indicating potential issues with service quality.
Limited information available on customer support effectiveness and response times.
The broker is categorized as a closed broker, which may raise concerns about reliability and trustworthiness.

LYOVA broker Accounts

Lyova Global Account Type

Lyova Global offers various account types tailored to meet the needs of different traders. These include standard accounts that provide access to a wide range of forex pairs and trading instruments. The primary account type is designed for retail traders, allowing them to trade with competitive spreads and leverage options. Additionally, Lyova Global promotes a rebate system where traders can receive cash back for each closed position, effectively lowering their trading costs. The rebates are calculated based on the volume of trades, with 1 lot equating to 100,000 units of the base trading currency.

Lyova Global Broker Account Opening Process

Opening a brokerage account with Lyova Global is a straightforward process that can be completed in a few simple steps:

  • Choose Your Account Type: Determine which account type suits your trading needs. Lyova Global primarily offers standard accounts with competitive spreads and rebate options.

  • Visit the Website: Go to lyova-global.com to begin the registration process.

  • Fill Out the Application: Complete the online application form with your personal information, including your name, email address, phone number, and other required details.

  • Verification: Submit any necessary documentation for identity verification, which may include a government-issued ID and proof of address.

  • Fund Your Account: Once your application is approved, deposit funds into your trading account. This can typically be done via bank transfer or other payment methods provided by the broker.

  • Start Trading: After funding your account, you can log in to the trading platform and start executing trades.

LYOVA accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .
LYOVA Account