LCG London Capital Group Review
Broker: LCG
Leverage: 1:30
Regulation: FCA, CySEC, SCB
Min. Deposit: 0 US$
HQ: UK
Platforms: LCG Trader, MT4
Found In: 1996
Website: lcg.com
LCG Licences
London Capital Group Limited (LCG), authorized by FCA UK (UK)registration number. 182110
London Capital Group (CYPRUS), Limited (LCG CY - authorized by CySEC (Cyprus).registration number. 341/17
LCG BHS - Authorized by the Securities Commission of Bahamaslicense number. SIA-F194
What is LCG?
LCG, a London Capital Group, has been involved in online trading for over 20 years. This ensures that you trade with an experienced broker in the UK and Cyprus. They are committed to providing competitive prices, advanced technology, and professional service for all traders. They offer over 7,000 products in 9 asset classes.
Clients can trade Forex, Indices and Commodities, Shares. Bonds. Interest Rates. Cryptocurrencies. ETFs.
LCG also received new approaches from investment bankers for capital investment. This amounted to PS 17 million. LCG has been undergoing major changes to improve the quality and expand its range.
Overview
LCG is a trusted broker as it is listed in Stock and is authorized by the top-tier authorities such as FCA. Digital account opening is possible. There are many funding options, ECN accounts, and a wide range of advanced instruments.
We didn't find any good education or research section. Spreads may be too high for certain instruments.
Pros
Low minimum deposit requirements.
A wide range of trading instruments.
An information section with training and analytical materials.
Round-the-clock support service.
No commission for funding the deposit and withdrawal of capital.
The possibility to trade from different devices such as a PC, tablet, or smartphone.
The presence of Islamic accounts.
Cons
The company does not provide offers for passive earnings such as copying services or bonus programs.
The broker does not serve clients from certain countries.
Customer support doesn’t work on weekends.
Rating of the company overall
Reliability ⭐⭐⭐⭐
Platform ⭐⭐⭐⭐⭐
Commissions ⭐⭐⭐⭐
Support ⭐⭐⭐⭐
Financial instruments ⭐⭐⭐⭐⭐
RATING: 4.7
Specifications
Awards
LCG is a specialist in providing comprehensive financial trading services and advanced educational systems. LCG is a leader in innovative solutions and new approaches to trading, as demonstrated by the number of clients and partners they have.
LCG is also an official sponsor for Stan Wawrinka who is a well-known tennis player, role model, and global brand ambassador.
Is LCG safe?
LCG does not represent a fraud. London Capital Group Holdings plc is a registered company in England and Wales. It is also a member the NEX Exchange, with low risk Forex trading. LCG is a UK-based company that is licensed and regulated under the Financial Conduct Authority (FCA), UK. You can also read more about Exness, a UK-based company by clicking this link.
Furthermore, the Cyprus entity was operated as a London Capital GroupLimited CY (LCG CY), which is under the supervision and control of the Cyprus Securities and Exchange Commission.
With 20 years of experience as a broker, the broker has strict operating rules. The broker deals with clients and their funds transparently. This also shows efficiency. Trust in secure funds storage provided by tailor-regulated rules. This includes holding client funds at Tier 1 banks, full segregation and participation in any compensation funds or scheme in case of problems with the Broker.
Leverage
The company is a UK and Cyprus-based brokerage firm and adheres to all rules and regulations established by the European regulatory body ESMA. The requirements for every step and process that brokerage provides are established by the authority. This also dictates the levels of safety and permissibility to offer.
A recent update has set a maximum leverage of 1:30 for major Forex currency pair pairs, 1:20 in minor ones, and 1:10 in commodities. This is the maximum leverage that you can obtain when trading with LCG review. However, it is important to understand how the tool works so that you don't lose your money quickly.
Types of accounts
There are two types of LCG accounts: ECN and Standard. Online applications can be used to open an account. This will allow traders and institutions that trade large volumes of money to have access to both the Islamic and ECN options.
Fees
LCG fees are incorporated into tight spreads and low commissions for ECN accounts. Trade share CFDs are available with high margin requirements. Additional monthly cash rebates and ETFs can be obtained via spread betting or CFD. ECN spreads starting at 0 pip with no requotes if you have a $10,000 balance. There is also a $45 commission for every $1,000,000 traded.
Shares on more than 3,500 UK, US, and European markets, Bonds, Interest Rates and Indices, Indices, diverse number of Commodities and Spot Metals with short or long position, and of course Forex through popular pairs. Vanilla Options that can be used for almost any market condition on UK 100 and Germany 30 EURUSD, GBPUSD and USDJPY as well as UK, EU, and US equities.
Spreads
Spreads or LCG costs for trading are different. They vary depending on the traded instrument. average spread is 1.45 pip EURUSD. However, spreads can be slightly different at different platforms. You can compare fees from HotForex to see what the average spread is in LCG Standard account.
Deposits and withdrawals
LCG usually processes payment within a few hours, typically around 1 working day. However, they offer several payment options to trader's convenience. investors need to be aware that there are differences in the payment methods depending on which account they open, whether it is with the UK or Cyprus one.
Minimum deposit
LCG does NOT have a minimum trading account opening requirement. Client deposits must have sufficient funds to cover margin costs in the markets you trade, which is a huge advantage for both beginning and seasoned traders.
LCG Minimum Deposit vs Other Brokers
WIthdrawals
LCG withdrawals can be made with Bank Transfers or Card Payments. Clients regulated by CySec (Check out our review of CySEC-regulated Legacy FX). They can use bank transfers, Visa/ MasterCards or bank transfers. Credit card deposits will also be subject to an additional 2% commission. Clients under the FCA can use bank transfers and cards, along with Skrill or Neteller options. Transactions are subject to a 0$ fee.
Trade Platforms
The broker is anchored in its multi-asset proprietary trading platform LCGTrader. This platform offers a reliable trading experience across financial market with access to extensive market data and analysis for trading strategies.
LCG Trader was created for the highly demanding brokerage . It allows clients to trade any asset offered through LCG from almost anywhere they are located and on any device. LCGTrader is a powerful online trading platform.
You can still choose a prominent MetaTrader4 broker and benefit from their execution technologies. This is a winning combination. MT4's powerful charting capabilities, large selection of indicators, and algorithmic trading functionality are the key to its success.
MT4 has been the industry standard for online trading. It is safe, secure and easy to use, but also offers advanced features that make it a great tool for traders. MT4 trades are available on desktop, tablet and mobile devices.
Education
Customer service teams are available in many languages to provide constant support. LCG also offers breaking news, expert analysis and tutorials as well as trading education.
Conclusion
LCG reliability and performance provide a safe trading environment and easy conditions. The broad range of trading products, including the proprietary platform and the MT4 , covers all trader's needs. ECN accounts can also be used to trade, but the minimum account balance is required is very high. This is only for traders with larger trading volumes.
