LCG
- Information
- Settings
- Types of accounts
- Reviews (9)
London Capital Group, known as LCG, has been working in online trading for more than two decades, which means that you are trading with an experienced broker registered in a reputable jurisdiction in the UK and Cyprus. LCG provides competitive prices and professional services for all types of traders, offering more than 7,000 products across 9 asset classes. You get access to Forex, indices, commodities, stocks, bonds, ETFs, and options trading.
LCG - regulated broker?
London Capital Group Holdings (LCG Group)is a company registered in England and Wales and a member of the NEX exchange. LCG as a UK company is authorized and regulated by the financial conduct Authority (FCA, UK). In addition, the Cyprus company, registered as London Capital Group (CYPRUS) Limited ( LCG CY), operates under the supervision of the Cyprus securities and exchange Commission (CySEC).
LCG Capital Markets Limited (LCG BHS) is an offshore company registered in the Bahamas, intended for traders living outside the UK and the EU.
How are you protected?
As a regulated brokerage provider with 20 years of experience, LCG broker adheres to strict rules and transparency in dealing with clients. Confidence in the security of funds is provided by such rules as storing client funds in first-tier banks, complete segregation of accounts, and participation in compensation funds in case of broker's insolvency.
What is the maximum leverage in LCG?
As a broker based in the UK and Cyprus, the company follows a set of rules,updated by the European regulatory authority ESMA. Thus, a recent update has set a maximum leverage level of 1: 30 for major Forex currency pairs, 1:20 for minor currency pairs, 1:10 for commodities, etc.International traders who have opened an account with an offshore company in the Bahamas can expect a high leverage of up to 1:500.
What trading accounts does LCG offer?
LCG broker offers two types of trading accounts:
- Classic. This is a standard Commission-free account with low spreads and more than 7,000 trading instruments.
- ECN. A trading account with direct access to the market without requotes and a spread of 0 points. On the MT4 platform, a Commission of$ 10 per lot is charged, and on the LCG Trader platform - $ 45 for the trading amount of$1,000,000. However, to connect to this type of account, you must have at least $ 10,000 on your balance.
In addition, Islamic accounts are provided for Muslims.
Commissions and fees
As for trading fees, the spread offered by LCG varies depending on the instrument being traded and averages 1.45 pips for EURUSD, but spreads may vary slightly depending on the platform chosen. You can view the average spreads for various assets in the screenshot below.
LCG trading platforms
The broker uses its unique proprietary multi-asset trading platform LCG Trader, which provides reliable trading in financial markets with access to a full range of market data and analysis of trading strategies. However, you can still choose the popular MT4 platform for Forex trading.
LCG Trading Instruments
LCG broker offers a variety of markets with narrow spreads, low Commission for trading CFDs on shares and margin requirements, as well as additional monthly cash discounts. The range of markets includes ETFs available through CFDs and spread betting (UK residents only), stocks listed in more than 3,500 markets in the UK, US and Europe, bonds and interest rates, indices, various commodities, spot metals with long and short positions, Forex currency pairs and traditional options.
What is the minimum Deposit in LCG?
The minimum Deposit is 10 USD / EUR / GBP, but the account must have enough funds to cover margin requirements. If you want to open an ECN account, you will need to have at least$10,000 on Deposit.
How fast does LCG withdraw funds?
The LCG broker usually processes payments in a short time-from 1 business day and, as a rule, does not charge a Commission for withdrawal of funds.
Conclusions
The LCG broker, regulated by the major financial authorities FCA and CySEC, provides a secure trading environment and competitive prices. The company offers a wide range of trading products, the choice between its own platform and the popular MT4 meets the needs of any trader with different experience. In addition, it is possible to trade through an ECN account, which has much lower spreads. However, the minimum Deposit required for an ECN account is quite high, which is only suitable for experienced traders.
However, before making a final choice, we recommend visiting our Forex broker rating and reading LCG reviews.
| General information LCG | |
|---|---|
| Broker name | LCG |
| Year of foundation | 1996 |
| Headquarters | London (United Kingdom) |
| Regulation | FCA, CySEC |
| Trading platform | LCG Trader, MT4 |
| EURUSD spread | 1.45 points |
| Demo account | + |
| Minimum deposit | 10$ |
| The base currency | EUR, USD, GBP, CHF |
| Maximum leverage | 1:500 |
| Assets | Currency pairs, stocks, indices, metals, bonds, ETFs |
| Deposit replenishment | Bank Transfers, Debit/Credit Cards, UnionPay, Skrill, Neteller |
| The fee for withdrawal | — |
| Payment for inactivity | — |
| Islamic accounts | + |
| Segregated account | + |
| pamm-accounts | — |
| Affiliate account | + |
| Scalping | — |
| Automated trading | + |
| Mobile trade | + |
| Web terminal | + |
| Social trading | + |
| Signals | + |
| VPS | — |
| Deposit bonus | — |
| Contests | — |
| Support 24/5 | + |
- The year of Foundation 1996
- Head office address 80 Cheapside, London EC2V 6EE
- Maximum leverage 1:500
- Min. Deposit $10
- Regulation CySEC, FCA
- Trading platform
- Payment system to enter Bank Transfers, Debit/Credit Cards , Skrill, Neleller, Chine UnionPay
- Payment system for withdrawal Bank Transfers, Debit/Credit Cards , Skrill, Neleller, Chine UnionPay
- Number of trading instruments 60
- The number of CFD instruments 3500
- The number of metals 2
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Having tried various platforms all starting up with amounts to start up then followed by an instant request to upgrade in the most dishonest way being asked to pay more. So daunting is also when they ask for commission before withdrawal, these requests don’t stop they keep coming one after the other and then all of my investment was lost. Luckily chargebacksecured com helped me recover all of my funds back in the most professional manner.
I can't believe my eyes what can FCA regulated forex broker deal with a retail trader. I have account with their Bahamas entity and apparently, they can really make a fool out of us retail trades. Outrageous, action must be taken against all LCG group!
