LCG Review 2019

  • Regulated By:
    CySEC, FCA
  • OPEN ACCOUNT
    • 79% of our retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money.
    DEMO ACCOUNT
    • 79% of our retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money.
OPEN ACCOUNT
  • 79% of our retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing money.

LCGReview

London Capital Group Review

London Capital Group (LCG), is a well-established online trading brokerage with over 20 years of experience in the financial trading industry. LCG is owned and operated by London Capital Group Limited and are headquartered in the United Kingdom at 77 Grosvenor Street, Mayfair, London, England, W1K 3JR. Though they are based in the UK, LCG is an international trading brokerage that offers their trading services to people all around the world and supports 20 different languages.

LCG has built an excellent reputation for themselves over the years and have won various awards for their CFD and spread betting trading services. Since the broker’s establishment, they have executed over $20 trillion in trading volume and have received over $1 billion in deposits. Therefore, LCG is a highly experienced and well-trusted trading brokerage among online financial traders. While London Capital Group appears to be an excellent trading brokerage solution, are they really? After all, there are numerous online trading brokers to choose from these days. However, we aim to make this decision easy for you, which is why we analyze every aspect of the broker and lay it all out for you in our in-depth review.

London Capital Group Video Review

Regulations

The regulatory status of an online trading brokerage is one of the most important aspects of a broker because it shows whether they can be trusted and generally ensures a safe, transparent and fair online trading environment. As for the London Capital Group trading brokerage, they’re based in the UK and are therefore licensed and regulated by the UK Financial Conduct Authority (FCA). Furthermore, the brokerage is also regulated by the Cyprus Securities and Exchange Commission (CySEC), which enables them to provide their services internationally, adding to their regulatory coverage. All in all, London Capital Group is a highly regulated online trading brokerage that is authorized to provide trading and investment services around the world.

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Reliability

LCG is a trusted and reliable online trading brokerage that serves thousands of clients from around the world. The brokerage is highly secure and employs best-in-class security protocols and measures to keep their client’s funds and information safe. LCG is also a member of the Investor Compensation Fund (ICF). This protects the funds of clients registered under the CySEC in the event of broker insolvency, cease of services, or fraud or theft. The funds of clients registered under the FCA meanwhile are protected by the Financial Services Compensation Scheme (FSCS). All in all, LCG can be trusted to provide reliable trading services as they have been competently doing so for over 20 years.

Trading Platforms

LCG features not one, but two highly sophisticated trading platforms that have been awarded for their functionality and usability. An overview of these platforms can be seen below.

LCG_Trader

LCG Trader

This proprietary multi-asset trading platform is web-based and is compatible with all desktop computers and mobile devices via all common web browsers. The platform is best known for its lightning-fast execution speeds and advanced charting capabilities. Traders can participate in one-click dealing directly from the charts, have access to over 70 technical indicators, numerous drawing and analysis tools, various chart types and time frames, and a customizable trading interface. The platform is an excellent trading solution for both beginner and experienced traders and is highly advanced yet intuitively designed.

Meta Trader 4 (MT4)

This is LCG’s version of the most popular and sought-after trading platform in the entire financial trading industry. The MT4 trading platform can be downloaded for free on Windows, Mac, and Linux desktop operating systems. The platform provides very advanced functionality and features such as algorithmic trading and advanced charting capabilities. Additionally, the platform is very user-friendly, safe and secure. All in all, the MT4 platform is very well equipped and designed to provide an exceptional trading experience for every kind of trader.

London Capital Group Mobile Trading

LCG provides their traders with two different mobile trading applications that can be downloaded for free from the Apple App Store and the Google Play Store. Traders have access to the LCG Trader mobile app and the Meta Trader 4 (MT4) mobile app. Both trading applications have been fully optimized to operate on mobile devices and they feature much of the same functionality as the desktop platforms. For instance, traders can manage their accounts and orders from their mobile device. As well, they can perform basic technical analysis, one-click trading, maintain watch lists, receive alerts, and more. All in all, LCG provides their traders with two excellent mobile trading platforms that are highly suitable for any trader’s needs.

Trade Types/Instruments

The LCG trading brokerage features an extensive number of tradeable assets across various world markets. For instance, traders have access to over 7,000 investable products across 9 different asset classes. These asset classes include Forex, Spot Metals, Indices, Commodities, Shares, Bonds & Interest Rates, Vanilla Options, and ETFs. Below you can find a quick overview of these tradable markets and what LCG has to offer.

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Forex

  • Over 60 currency pairs
  • Majors, Minors, Exotics
  • Competitive spreads

Spot Metals

  • Go long or short
  • Rolling contracts
  • Low spreads

Indices

  • Popular stock indices
  • Tight spreads
  • UK 100, Wall Street, US 500, Germany 30, Japan 225 and EU Stocks

Commodities

  • A diverse range of popular commodities
  • Trade with leverage
  • Take advantage of volatile markets

Shares

  • Over 4000 shares across the American, European, and UK markets
  • Trade CFDs on shares
  • Invest in major companies

Bonds & Interests

  • A broad range of markets
  • Trade with low margins
  • Attractive spreads

Vanilla Options

  • Hedge against other open positions
  • Global currencies, indices, and shares
  • Extremely versatile assets

ETFs

  • Buy and sell over 500 ETFs
  • Low margin
  • Competitive spreads

Account Types 

London Capital Group offers 4 different trading accounts to accommodate the needs of every kind of trader. The three account types offered are an ECN account, CFD trading account, and an Islamic swap-free account. See a quick overview of these account types below.

ECN Account

  • Trade from 0 pips, no requotes and direct market access
  • Unparalleled liquidity
  • Must maintain a $10,000 account balance
  • Complete transparency and anonymity

CFD Trading Account

  • Over 7000 instruments across 9 asset classes
  • Very competitive pricing and reliable execution
  • Access to research, analysis, and educational resources

Islamic Account

  • Swap-free accounts (no swap, no rollover interest, no overnight positions)
  • Sharia law compliant

Commissions & Spreads

The fees and commissions imposed on traders are very reasonable and competitive when compared with industry standards. LCG is a true ECN/STP online trading brokerage which matches client orders directly with market liquidity providers for the lowest possible price. LCG charges their traders both commissions and spreads, depending on what is being traded. When trading forex currency pairs, the spread for the EUR/USD currency pair can be as low as 1 pip and averages 1.45 pips. As for the rest of the spreads, fees, and commissions, they can be found in detail on the LCG website. Overall, the fees and commissions imposed on traders are quite favorable compared with many other trading brokerages.

Deposits & Withdrawals Options

LCG offers their clients a range of deposit and withdrawal methods including bank wire transfer, debit cards, credit cards, Skrill and Neteller. Bank wire deposits will be processed and completed within the same working day and withdrawals via this method are processed within 24 hours. There are zero fees for both deposits and withdrawals via bank wire transfer. Debit and credit card deposits will usually be completed within 30 minutes and withdrawals via these methods are completed within 1 working day. Debit card deposit and withdrawals are free, while credit card deposits incur a charge of 2% and withdrawals are free. Deposits via both Skrill and Neteller will usually be processed within 30 minutes while withdrawals can take up to 1 working day. Both methods incur no charges for both deposits and withdrawals.

Bonus & Promotions

As a regulated broker that abides by all rules and regulations laid out by regulatory bodies, LCG does not offer clients bonuses or promotions. Instead, LCG focus on providing their clients with premium trading services and low and favorable fees.

Customer Support

The customer support provided by LCG does not disappoint as the support representatives have trading experience and are happy to help with any questions you might have. Support representatives can be reached via email, live chat or telephone 24 hours a day, 5 days a week. Additional methods of support include communication through LCG’s various social media channels, as well as browsing their extensive FAQ page. Also, traders will find a lot of helpful information in the analysis and education section of the LCG website. For instance, in this section traders have access to webinars, seminars, training videos, a glossary and more. All in all, the customer support and educational resources are very impressed with this online trading brokerage.
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Pros and Cons

Pros

  • Excellent selection of trading platforms
  • Great customer support
  • Very wide selection of tradable instruments
  • Low and competitive fees and commissions
  • Highly regulated

Cons

  • No trading volume discounts
  • No bonuses and promotions
  • No cryptocurrency trading 

London Capital Group Q&A

  • Is London Capital Group regulated?

Yes. LCG is licensed and regulated by the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).

  • Where is London Capital Group based?

LCG is based in the United Kingdom at 77 Grosvenor Street, Mayfair, London, England, W1K 3JR.

  • How does London Capital Group make money?

LCG makes its money by charging traders both spreads and commissions on the trades that they execute through the broker. The commission and spread amount differs between asset classes and can vary between products.

  • How do I deposit in London Capital Group account?

Deposits can be made via the following methods; Visa, MasterCard, Debit Cards, Bank Wire Transfer, Neteller, and Skrill.

  • How do I withdraw money from London Capital Group?

Withdrawals can be made via the following methods; Visa, MasterCard, Debit Cards, Bank Wire Transfer, Neteller, and Skrill.

  • How do I open an account with London Capital Group?

To open an account with LCG, all you must do is fill out the application form via the LCG website, provide them with personal identification information, and fund your account with the minimum initial deposit amount of the account type you have chosen.

  • Is London Capital Group reliable?

Yes. LCG has been competently offering trading services for over 20 years and is trusted and used by many.

  • Does London Capital Group use MetaTrader?

Yes, LCG uses the MetaTrader 4 platform as well as their proprietary LCG Trader web-based platform.

  • What is London Capital Group leverage?

The maximum leverage provided by LCG is 500:1.

  • Is London Capital Group a scam? 

No. LCG is not a scam as it is licensed and regulated by numerous regulatory authorities and used and trusted by many.

  • How safe is London Capital Group?

LCG is a safe online trading broker as it is compliant with all regulatory requirements and uses the latest encryption technology to keep your personal information safe. Also, they hold client funds in secure and segregated bank accounts and have years of experience operating in the online trading industry.

Conclusion

The online trading services provided by London Capital Group (LCG) are exceptionally good. Traders have access to not one but two highly advanced trading platforms and can trade a very wide array of tradeable assets across numerous asset classes. LCG provides traders with numerous tools and resources to help them succeed at trading while offering very low commissions and tight spreads. The customer support provided by LCG is of very high quality and the brokerage is trusted, reliable and secure. All in all, the LCG online trading brokerage is a great broker to consider and can suit the needs of both beginner and experienced traders.

LCGOverview

Company Information

Broker DetailsInfo
Regulated byCySEC, FCA
Headquarters CountryUnited Kingdom
Foundation Year1996
Publicly TradedYes

Deposit Options

Credit Card, Neteller, Skrill, Wire Transfer

Withdrawal Options

Credit Card, Neteller, Skrill, Wire Transfer

Contact Information

Trading Account Options

Account TypeInfo
Max. Leverage1:500
Mini AccountYes
Demo AccountYes
Segregated AccountYes
Islamic AccountYes
Managed AccountYes

LCG Trading Features

Suitable For

Trader LevelYes/No
BeginnersYes
ScalpingYes

Customer Service

TimeYes/No
24 Hours SupportYes
Support During WeekendsNo

Customer Support Languages

Arabic, Chinese, English, French, German, Indonesian, Italian, Japanese, Korean, Malaysian, Portuguese, Russian, Spanish, Swedish, Thai, Turkish

Trading Services

ServiceInfo
Supported Trading PlatformsMT4
SignalYes
Email AlertsYes
Guaranteed Stop LossYes
HedgingYes
Trailing SP/TPYes
Automated TradingYes
API TradingYes

Supported Instruments

Instrument TypeYes/No
CurrenciesYes
CommoditiesYes
CFDsYes
IndicesYes
ETFsYes
StocksYes

LCGUser Reviews

Rate this broker
  • 1.0
    The worst ever
    R
  • 5.0
    Lcg been good to me
    Alistair
  • 5.0
    Access To 4000 Markets
    Tehuel Lebrón Montalvo
  • 5.0
    Reputable Broker with Long Established History
    Dominik Fink
  • 4.0
    FCA Regulated Broker
    Delmar Petit
Read More LCG User Reviews

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