LCG London Capital Group Review

LCG

LCG

www.lcg.com

  • Leverage: 1:30

  • Regulation: FCA, CySEC

  • Min. Deposit: 0 US$

  • HQ: UK

  • Platforms: LCG Trader, MT4

  • Found in: 1996

LCG 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 Forex Brokers

  1. Is LCG safe or a scam?
  2. LCG Pros and Cons
  3. Leverage
  4. Trading Fees
  5. Spread
  6. Deposits and Withdrawals
  7. Platforms
  8. Conclusion

What is LCG?

London Capital Group known as LCG operates over two decades in online trading, which brings a state that you are trading with an experienced broker established in reputable jurisdiction UK and Cyprus. Their commitment to provide competitive prices, advanced technology and 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. 

LCG Pros and Cons

LCG is a secure broker since is listed in Stock and authorized by top-tier authorities like FCA. The account opening is fully digital, there are numerous funding methods, ECN accounts and advanced range of instruments.

On the negative points we didn’t find good education and research section, and spreads might be high for some instruments.

LCG London Capital Group Review

10 Points Summary
🏢 HeadquartersUK
🗺️ RegulationFCA, CySEC
🖥 PlatformsLCG Trader, MT4
📉 InstrumentsETFs CFDs and spread betting (for UK residents only). Shares, Bonds and Interest Rates, Indices, Commodities, Spot Metals, Forex, Vanilla Options
💰 EUR/USD Spread1.45 pips
🎮 Demo AccountAvailable
💳 Minimum deposit0 US$
💰 Base currenciesSeveral currencies offered
📚 EducationNews, expert analysis, tutorials, seminars
☎ Customer Support24/5

Awards

Along with that, LCG has established as a specialist provider of comprehensive financial trading services and advanced educational systems. 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. LCG awards

Is LCG safe or a scam?

N, LCG is not a scam. London Capital Group Holdings plc (LCG Group) is a company registered in England and Wales, as well is a member of the NEX Exchange with low risk Forex trading. LCG as a UK based company is authorized and regulated by the Financial Conduct Authority (FCA, UK).

 

Moreover, the Cyprus entity was conducted as a London Capital Group (CYPRUS) Limited (LCG CY) that respectively operates under the supervision of Cyprus Authorities and Cyprus Securities and Exchange Commission.

LCG licenses

As a regulated brokering services provider, with 20 years of experience, the broker is committed to strict rules of operation, while dealing with clients’ and their funds transparently, as well shows performance efficiency. 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 in case things goes wrong with the Broker.

Leverage

Being the UK and Cyprus brokerage firm the company complies to the set of rules established and concluded by the European regulatory body ESMA. As the requirements are set to ever single step and process the brokerage delivers, the authority also mandates which levels are safe and allowed to offer.

Therefore, a recent update set a maximum leverage level of 1:30 for major Forex currency pairs, 1:20 for minor ones and 1:10 for Commodities, etc. In this means, this is the maximum leverage you, as a trader, may obtain while trading with LCG review, nevertheless make sure to learn how to use the tool smartly, in order not to fall into an unlikely event of losing your funds rapidly.

Account types

LCG account types are two, Standard and ECN account. Account can be opened through an online application, which will offer as well Islamic account option and ECN option for traders and institutions who trade large volumes.

LCG trading costs

Fees

LCG fees are built into a tight spreads, and low commission for ECN accounts. There is option to trade share CFD with good margin requirements, also additional monthly cash rebates including ETFs, available via CFD and spread betting (for UK residents only). ECN spreads starting from 0 pips with no requotes for those who maintain a 10,000$ balance along with a commission of $45 per $1,000,000 traded.

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.

FeesLCG FeesGKFX FeesAvaTrade Fees
Deposit FeeNoNoNo
Withdrawal FeeNoNoNo
Inactivity FeeYesYesYes
Fee rankingAverageLowAverage

Spreads

LCG trading costs or spreads offers different spread conditions that vary according to the traded instrument and average on 1.45 pip for EURUSD, however, spreads may be slightly different at two of the platforms which LCG uses. To check out the typical spread in LCG Standard account see the table below, for instance, you can also compare fees of another popular broker XTB.

SpreadLCG SpreadGKFX SpreadAvaTrade Spread
EUR USD Spread1.45 pips1.2 pips1.3 pips
Crude Oil WTI Spread3 pips5 pips3 pips
Gold Spread334
BTC/USD Spread1%350.75%

Deposits and Withdrawals

LCG typically processing payment in a short time from 1 working day, while offering several payment methods to the trader’s convenience. Yet, investors should be aware of differences between the methods according to the account they open with, either the UK or Cyprus one.

Minimum deposit

LCG 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 costs for the markets you are trading, which is definitely a great advantage for beginning traders or even seasoned ones too.

LCG minimum deposit vs other brokers

LCG Most Other Brokers
Minimum Deposit $0 $500

WIthdrawals

LCG withdrawals are smooth offering Bank Transfers and Card Payments. 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, with additional options of Skrill and Neteller, which apply 0$ fee for transactions.

LCG funding methods

Trading Platforms

The broker mainstays in its unique multi-asset proprietary trading platform LCG Trader, which features a reliable trading experience across financial markets with access to a comprehensive range of market data and analysis on 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 truly one of the best online trading platforms.

LCG platform

Yet, you still can choose prominent MetaTrader4 and enjoy broker’s execution technologies, which actually a truly winning combination. The success of MT4 is largely great to its powerful charting functions, a large number of available indicators and its algorithmic trading functionality.

MT4 has long established itself as the standard in online trading due to its safe, secure, easy to use yet packed with advanced features for traders good. MT4 trade available through desktop, tablet, mobile and multiterminal.

Education

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.

Conclusion

For conclusion LCG performance and reliability bring a safe trading environment and convenient conditions. General offering through the diverse range of trading product, the choice between the proprietary platform and the comfortable MT4 covers demands of any trader with a different experience. In addition, there is an option to trade through ECN account, however, the minimum account balance required for ECN account is quite high which is good for the traders of bigger size only.

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5 responses to “LCG”

  1. LCG Broker & Forex went factual broke 2018. It has been taken down from the stock exchange.
    A complex restructuring has been established, The LCG broker has been taken away by Henri Charles Sabet for his own interest. He stepped down from the LCG Group, which is seeking capital ventures in new projects under its new structure.
    Interesting to know that Sabet must have lost about 30 million Pounds since 2014, when he tookover LCG and tried to reestablisch the broker. He failed.
    LCG is a forex and CFD agent without any capital or assets. So be carefull.

    • Follow up to my message.
      I have just find this https://www.financemagnates.com/institutional-forex/regulation/frp-advisory-trading-limited-appointed-as-liquidator-of-lcg-holdings/
      which confirms what I wrote last year. Now the previous ‘mother company’ and after the separation with LCG Broker & Forex, the new project, has now been taken out of business bu the London Courts. At the time of separation the LCG Broker & Forex
      was responsable for a majority of debts, though Mr Sabet, bought it back in a swap deal (I guess against his shares in the holding through his vehicle GIO, or debts elimination) So that makes that LCG Broker & CFD is basically reverted to a Cyprus company (where Mr Sabet lives ?), without any stock exchange quotation. When I last asked for their annual return, I was answered, that such is no longer available; this makes sense, as smaller entities, not quoted, can be exempt of publishing their accounts. Basically a CFD & Forex broker provider, cannot or should never go broke, unless they pay their staff too much and make too many promotional cost.

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