LCG (London Capital Group) – broker review and traders feedback

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LCG.com Review Visit site

About LCG.com

LCG is a forex broker. LCG offers the MT4 forex trading top platform. LCG.com offers over 60 forex currency pairs, cfds, commodities, shares, indices, gold, silver and oil for your personal investment and trading options.

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Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $1
Established: 1996
Address: 3rd Floor, 80 Cheapside, London, EC2V 6EE, United Kingdom
Contact: [email protected], +44 (0)20 7456 7020
Regional offices:
Regulators: CySEC #No. 341/17, FCA #FCA no. 182110
Prohibited countries:

Yes

Yes

Yes

Trading platforms: MT4, LCG Trader
Web Trading:
Mobile Trading:
ECN:
Currencies: (60+)
Cryptocurrencies:
CFD: (70+) Gold, Silver, Stocks, Bonds, Oil, Other Commodities

Yes

Yes

Yes

Yes

EAs/Robots:
News Spike Trading:
Scalping:
MAM:
Deposit Methods: Bank Wire, VISA, MasterCard, Neteller, Skrill, UnionPay
Withdrawal Methods: Bank Wire, VISA, MasterCard, Neteller, Skrill, UnionPay

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LCG.com profile provided by LondonCapitalGroup, May 12, 2020

Company name: London Capital Group

Foundation date: 1996

Forex unit foundation date: 1996

Controlled by: FCA regulated and LSE listed

Commission: Our low commission charges are included in our FX spreads so there are no hidden fees.

Pip spread on majors: From 0.6 pips

Mini Account: n/a

Minimal payment for Mini Account: n/a

Regular Account: Yes

Minimal payment for Regular Account: none

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Services: LCG is a leading provider of online trading services providing execution in FX, CFDs and spread betting on 3,000 instruments on MT4 & other platforms (FX, indices, commodities, single stocks) . Our experienced team of industry experts connects retail and institutional clients to the markets worldwide through leading-edge trading technology, superior customer service and unparalleled insight. Up to ?7,000 welcome bonus for all new accounts (Ts&Cs apply).

Language: English, Spanish, French, Italian, Chinese, Arabic

LCG (London Capital Group) trading platform overview

вњ… This Trading Platform is available in Russia

Overview of world-famous financial brokers: LCG (London Capital Group)

Even the most thrifty and cautious owners of money understand that in our time, keeping your savings “under the pillow” is very stupid and irrational. Inflation “eats” a decent part of savings, no matter what currency they are stored in. Of course, there are people, especially the older generation, who consider dollars and euros as invincible monetary units, but this is an erroneous stereotype that arose during the hyperinflationary period of the 90s of the last century. But how to use your savings to multiply them. One of the most interesting and profitable ways is online trading of popular financial assets. It is also associated with risk, but with the right approach, you will be able to increase your capital every month, while receiving a lot of pleasure from the process itself. The main thing is to choose the right broker, never to give in to emotional impulses during the conclusion of transactions and to study well all the nuances of online trading. Experienced experts recommend LCG (London Capital Group) as a reliable trading platform, but, on the other hand, you can find quite a lot of reviews on the Internet, in which this service is characterized not by the best. In order to find out the real state of things, you need to study the broker from the perspective of an objective expert, taking into account only real facts without speculation, interference from competitors and subjective comments from unscrupulous users of the platform.

What does LCG promise (London Capital Group) to its customers and to what extent traders trust it

The 20-year experience of the company and the fact that the company’s shares are listed on the London Stock Exchange prove that this trading platform is one of the most reliable and promising in the world-known broker category. The service in question offers its customers access to 7 thousand markets and a huge number of financial instruments, while traders can work with well-known assets as well as with a variety of exotic trading positions. But what security guarantees does the administration of the web resource provide to its users?

Security

Most experienced traders can confidently state that this section in this review is absolutely superfluous. The professionalism and perseverance of the company’s employees, aimed at increasing the safety of customers, helped the broker to earn a reputation as one of the best companies in its category. Therefore, users of the trading platform can have no doubt that all obligations of the company will be fulfilled in a timely manner, and no participant in the financial transaction will violate the terms of the agreement.

But for the most incredulous (or very cautious) traders, the administration of the service suggests studying the facts proving the security of the trading platform:

в—Џ Customer deposits are held in separate accounts with large European banks. Therefore, traders can withdraw their investment immediately after the registration of the relevant documentation. At the same time, there is no doubt that everything will be completed within a strictly agreed time frame.

в—Џ Made by the best specialists for LCG (London Capital Group), the MT4 tested site by brokers from around the world, as well as the unique, own platform LCG Trader, allow you to work anywhere in the world (the main thing is the Internet), regardless of your device type or other factors affecting this procedure.

в—Џ Modern software is a guarantee of protection of funds and personal information of company clients.

в—Џ Control activities

Practically every trader (including novices), studying the broker he is interested in, first of all, draws attention to the presence / absence of organizations that regulate the broker’s activities and provide him with the papers necessary to provide financial services.

In this case, these include:

в—Џ Cyprus Securities and Exchange Commission (CySec).

в—Џ UK Financial Services Authority (FCA).

These institutions are recognized in most countries of the world and many doubting traders end up registering with the LCG (London Capital Group) login after finding out who regulates its activities.

Training

The site of the global financial market participant presents a wide variety of educational materials. They are designed for beginners as well as experienced traders:

в—Џ Trade Guides.

в—Џ Videos and tutorials on the trade.

в—Џ Analysis of the market situation.

в—Џ Economic reviews.

в—Џ Analytical videos.

в—Џ Training to work with trading platforms.

But one of the most important factors for learning newbies is that you can register a demo account at LCG (London Capital Group) in order to see in practice how financial assets are traded.

LCG (London Capital Group) Administration Requirements for its Customers

Many reviews compiled about LCG (London Capital Group) provide a list of basic requirements that every trader must follow in order to work on this trading platform. But in parallel with them, the authors of the reviews show the advantages of working with a broker.

Trading Terms

в—Џ The amount of the minimum deposit – $ 100.

в—Џ The minimum lot is 0.01.

в—Џ Currencies trading account – US dollars.

в—Џ Leverage – 1: 1-1: 300.

в—Џ Affiliate program – there is.

в—Џ Islamic accounts – there is.

в—Џ The maximum time required for withdrawal is 7 calendar days.

в—Џ Contests and bonuses – no.

в—Џ Support service – works around the clock.

в—Џ Auto trade – allowed.

Deposit / withdrawal of funds

в—Џ Plastic cards (Visa, MasterCard, Maestro).

в—Џ Other bank cards (credit, debit).

в—Џ American Express.

в—Џ Wire Transfer

Financial assets

Studying reviews about LCG (London Capital Group), it can be concluded that users are completely satisfied with the large number of financial instruments presented on the trading floor. Broker clients can perform operations using:

в—Џ Currency pairs.

The listed list of assets allows you to enter into transactions in order to almost always get a small profit. Well, for those who want to break the “big score” will have to risk a fairly large amount of money.

London Capital Group Forex Broker Review

Last Updated: October, 2020.

Many of today’s forex brokers inundate you with a flood of promotions and innovative features that do little more than confuse and distract. Londoncapitalgroup.com (LCG) is not one of those brokers. On the contrary, they earned their stripes in the nineties handling a proprietary trading operation that catered to large institutional clients. Their focus, as most traders would hope, is fixated on providing reliable service with quick execution speeds at the lowest prices in town. Combine these facts with being regulated by the Financial Conduct Authority (FCA) and being traded on the London Stock Exchange, and you have a winning formula that only few can match in today’s industry.

The firm’s holding company began financial trading operations in 1996. In 2003, it launched its financial spread-betting broker, “Capitalspreads.com”, and in 2005 after a management buyout and IPO, it launched its traditional forex trading offering, LCG. As an additional assurance for the trading community, public companies must also adhere to stricter reporting standards and maintain capital levels that are public knowledge each and every day. The current market cap for the publicly traded holding company is nearly £20 million at last reading. LCG offers a broad array of currency pairs, together with futures trading in indices and commodities. U.S. clients are not accepted at this time.

This market execution setup enables a spread-plus-commission pricing model that, when combined with Tier-1 liquidity providers, yields transaction pricing that is difficult to find elsewhere. Leverage varies by asset class, starting at 1:5 for shares, and declining to as low as 1:30 for some indices. LCG uses the Metatrader4 set of trading platforms with market execution of orders. Expert Advisors are allowed for automated trading. Customer Support and Sales Team staff members are excellent, and daily emails get you ready for each day’s action. To cap off the offering, LCG also awards a 10% welcome bonus, up to a max of $5,000 on your initial deposit. What’s not to like about this top-of-the-line broker?

As of August 1st 2020 LCG has new maximum leverage. It starts from 1:5 for shares and goes up.

Unique Features of Trading with London Capital Group

Why trade with Londoncapitalgroup.com? The firm lists these reasons:

  • Proprietary trading operation began in 1996 in London;
  • Regulated and licensed by the Financial Conduct Authority (FCA);
  • Holding company is publicly traded on the London Stock Exchange with a market cap of roughly £20 million;
  • Asset choices range from major and minor currency pairs (39) to indices (12) and commodities (15);
  • Spread/Commission pricing structure rivals the lowest in town; LCG low commission charges are included in the FX spreads and there are no hidden fees
  • Promotional welcome bonus of 10% up to $5,000 with a $3 credit to funds available for withdrawal with each trade that follows;
  • Pip spread on majors; from 0.6 pips
  • Leverage varies from 1:5 to 1:30.
  • Metatrader4 trading platform supports desktop and mobile access;
  • ECN/STP processor for swift order execution and tight spreads;
  • One account classification that comes with a free demo account;
  • Daily emails with market commentary and analysis prepare for each trading day’s action;
  • Customer service reps are available 24X7 while trading markets are open.

Spreads & Leverage

Since LCG is a full-on ECN/STP broker, its system matches client orders directly with market liquidity providers, which vary in spread and open amount appetites. For this reason market execution may deliver the lowest price in town, but there may be minor slippage when an order exceeds the market limit available. The website explains this complexity, but in any event, the spreads are very competitive. Leverage varies by asset choice selection. The amount of leverage used also determines the minimum trade amount, based on the selected lot size. Pip spread on majors; from 0.6 pips.

Platform

In order to provide swift order execution at extremely low prices, LCG management elected to go with Metatrader4 trading platform protocols, the most popular setup in the industry. The MT4 products align well with ECN market execution usage, and each trader can avail themselves of the online user guide and MT4 community of traders for answers to questions or to share information with other interested traders. Mobile applications are also supported, and the latest in 256-bit SSL technology is employed to encrypt all sensitive data for purposes of safety and security.

Deposits and Withdrawals

Visa or Mastercard credit cards or selected debit cards may be used for deposits, but banking wire transfers are the preferred method. Deposits and accounts may be maintained in USD, GBP, or EUR. While there is no minimum deposit for an account, your minimum trade amount will depend on the asset chosen, lot size, and leverage. The website illustrates with examples as to how this computation is made. Withdrawal requests will be approved and processed within 24 hours, but only if internationally mandated personal identity information is already on file, as required by regulations.

Beginner Support

Customer and Sales Support specialists have trading experience and the ability to answer any questions that you might have about getting started. You may access them on any trading day while markets are open on a 24X7 basis, either by direct phone or email. If you are a beginner and need to brush up on the basics, then the companion website at Capitalspreads.com provides an abundance of video tutorials, webinars, and ebooks for your review and use. LCG also initiates each trading day with an informative email, delivered to all clients that includes complete commentary and analysis for the forex, commodity, and indices markets, highlighting what you might encounter during the trading day.

Conclusion

London Capital Group still maintains a hefty market share of institutional clients and third-party partnering arrangements, but for the professional trader that is looking for something exceptional without having to pay for a lot of glitz that he does not need or want, LCG is waiting for your patronage. LCG ensures that low fees, service reliability, excellent support, and the peace of mind that comes with FCA regulation in London are all packaged together for one no-nonsense deal that focuses on your results. The firm’s website speaks to pride and commitment: “At LCG we’re proud of our key strengths… But we won’t stop there because we’re constantly looking at ways we can improve our offering.” Trust, transparency, and reliability at a very low cost – tough to beat in today’s forex marketplace!

Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

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