LCG London Capital Group Review

LCG London Capital Group

LCG London Capital Group

https://www.lcg.com/
  • Broker Type: ECN, Market Maker

  • Leverage: 1:500

  • Regulation: FCA, CySEC

  • Min. Deposit: 0 US$

  • HQ: UK

  • Platforms: LCG Trader, MT4

  • Found in: 1996

Broker Licenses:

  • London Capital Group Limited (LCG) - authorized by FCA (UK) registration no. 182110 
  • London Capital Group (CYPRUS) Limited (LCG CY) - authorized by CySEC (Cyprus) registration no. 341/17

 

Top 3 Regulated Forex Brokers

Company Brief:

London Capital Group (LCG) operates over two decades in online trading, which brings a state that you are trading with an experienced broker. Their commitment to provide competitive prices, advanced technology and a professional service for all types of traders offered by over than 7,000 products across 9 asset classes. The client gets access to trade Forex, Indices, Commodities, Shares, Bonds and Interest Rates, Cryptocurrencies, ETFs, as well Vanilla Options.

Furthermore, LCG received fresh approaches with capital investment, amounting to £17 million from an investment banker. Hence LCG has undergone massive changes to upgrade the quality of services and expand their range. 

The constant support comes from the company by customer service teams available in multiple languages, as well by LCG’s breaking news, expert analysis, tutorials, seminars and trading education.

LCG has established as a specialist provider of comprehensive financial trading services through Investor Relations, with the ability to preserve partners brand credibility whilst facilitating strong revenue enhancement.

Overall, LCG implements innovations and fresh solutions to all trading process, which confirmed by the number of their clients or partners, as well as various international awards that have recognized their strives. In addition, LCG is an official sponsor of Stan Wawrinka, the famous tennis player, role model and global brand ambassador. 

  • Best Mobile/Tablet Trading Application | Shares Awards 2016
  • Best Forex Fundamental Analysis Provider | UK Forex Awards 2016
  • Forex Innovator of the Year | UK Forex Awards 2015
  • Best Platform Capital Spreads | Online Personal Wealth Awards 2014
  • CFD Provider of the Year | Investors Investment Awards 2011

LCG London Capital Group Review

Licenses, Regulations & Security of funds:

London Capital Group Holdings plc (LCG Group) is a company registered in England and Wales, as well is a member of the NEX Exchange. LCG is authorised and regulated by the Financial Conduct Authority (FCA, UK). The Cyprus conducted office London Capital Group (CYPRUS) Limited (LCG CY) operates under the supervision of Cyprus authorities and Cyprus Securities and Exchange Commission.

As a regulated brokering services provider, with 20 years of experience the company committed to strict rules of operation, deal with clients’ and their funds, as well to show performance transparency. The confidence of secure funds storing provided by the tailor-regulated rules, that includes holding of client’s funds in Tier 1 bank, full segregation of accounts and participation in the scheme or compensation funds.

Trading Platforms and Tools:

The multi-asset proprietary trading platform LCG Trader features a reliable trading experience across financial markets with access to a comprehensive range of market data and analysis to help plan online trading strategies. Developed specifically for the demanding brokerage, LCG Trader allows easy trade any asset offered by LCG from wherever client finds himself, and at almost any device. LCG Trader making it one of the best online trading platforms.

Yet, the traders still can choose prominent MetaTrader4. The platform combined with broker’s execution technologies, which actually a truly winning combination. The success of MT4 is largely down to its powerful charting functions, large number of available indicators and its algorithmic trading functionality. MT4 has long established itself as the standard in online trading due to it being safe, secure, easy to use but also packed with advanced features for traders good. MT4 trade available through desktop, tablet, mobile and multiterminal. The MultiTerminal enables traders and money managers to place a variety of order types, as well as access, monitor and execute trades across multiple trading accounts with ease.

Markets and Accounts:

The broker offers a variety of markets with tight spreads, low commission on share CFD trade and margin requirements, as well with monthly cash rebates.

The markets including ETFs, available via CFD and spread betting (for UK residents only). Shares presented on over 3,500 UK, US and European markets, Bonds and Interest Rates, Indices, diverse of Commodities,  Spot Metals with long or short position, of course Forex through popular pairs and Vanilla Options that can be used of nearly any market condition on UK 100, Germany 30, EURUSD, GBPUSD, USDJPY and UK, EU and US equities.

The account types are not diverse at the stage of registration unless the client is institutional organization. The account can be opened through online submission of application, which will feature as well Islamic account option and ECN option for traders and institutions who trade large volumes. LCG offers its professional ECN forex trading service complete with low commissions, access to unparalleled forex liquidity, spreads from 0 pips with no requotes for those who maintain a 10,000$ balance. The customers can choose between the proprietary web-based LCG Trader platform or MetaTrader 4 with all the benefits of LCG’s price improvement technologies and superior execution to trade from their accounts.

LCG uses a dynamic leverage model on both LCGtrader as well as MT4 platforms, which automatically adapts to clients trading positions. As the volume per Instrument of a client increases, the maximum leverage offered decreases accordingly. The spreads offer varies according to the traded instrument and averaged by 1.45 pip for EURUSD, however, spreads may also vary by the platform which client uses. ECN spreads are offered much lower than the classical ones and come to average on EURUSD pair to 0.2 pips. Yet, the commission of $45 per $1,000,000 traded will be charged on all symbols on LCG Trader and $10 per lot on MT4.

Vip Service which features the daily emails and touches trading opportunities from a dedicated account manager, and is available to those who submit to the premium service or traders with at least of 25,000$ deposits.

Deposits and Withdrawals:

LCG’s processing payment in a short time from 1 working day, while offering several payment methods to the client’s convenience. Yet, investors should be aware of differences between the methods according to the account they comply with, UK or Cyprus one. The clients regulated under CySec are able to use either bank transfers or Visa/ MasterCards, which as well will include an additional 2% commission for credit cards deposits. The clients under the FCA may use bank transfers and cards as well, and additional options are e-wallets Skrill and Neteller.

LCG also does not have a minimum deposit requirement for the opening of a trading account, the client deposits should have enough funds to cover the margin requirements for the markets they are trading.

Restricted regions:

The information of the broker as well their services are not directed to residents of the following countries: Australia, Belgium, Canada, New Zealand, Singapore and United States.

Conclusion:

As a regulated broker by major authorities FCA and CySEC, the company performance and reliability bring a safe trading environment.

General company offering through the diverse range of trading product, the choice between the proprietary platform and the comfortable MT4 covers demands of any client. In addition, there is an option to trade through ECN account, which features much lower spreads and brings another, the higher level of trading experience. However, the minimum account balance required for ECN account is quite high. In conclusion, the broker might be a good option for the traders of various levels since there are options to choose from.

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