London Capital Group Review

NoMIN. DEPOSIT
1,000:1
No
NO DEP. BONUS
0 Users (0 votes)
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Services0
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Overview

Company Information London Capital Group (LCG) is one of the most inventive Forex brokerages online. Packed with 20 years of trading experience, it punches its weight amid the harbinger providers… more

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Details

BrokerLondon Capital Group
Website URLhttps://www.lcg.com/
Founded1996
HeadquartersLondon, U.K.
Support Number+44 (0) 207 456 7020
Support Emailcustomerservices@lcg.com
Support TypesPhone, E-mail, Contact Form
LanguagesEnglish, Chinese, Spanish, Thai, German, French, Russian, Italian, Polish, Malay, Indonesian, Korean, Vietnamese, Arabic, Turkish
Minimum 1st DepositNo
BonusNo
Payout1,000:1
Free Demo AccountYes
Regulated Yes
RegulationFinancial Conduct Authority
Account TypesECN, Islamic
Deposit MethodsCredit/debit cards, Skrill, Bank Transfer
Withdrawal MethodsCredit/debit cards, Skrill, Bank Transfer
Types of AssetsForex, Indices, Shares, Commodities, Spot Metals, Bonds, Interest Rates, Vanilla Options, ETFs
ECN Broker Yes
Scalping Allowed Yes
Managed No
Lowspread Yes
Forex Demo Contests No
Forex Live Contests No
US Traders Allowed No

Full Review

Company Information

London Capital Group (LCG) is one of the most inventive Forex brokerages online. Packed with 20 years of trading experience, it punches its weight amid the harbinger providers of spread and CFD betting. The enterprise is devoted to offering advanced technology, professional services, and competitive pricing for each type of investor regardless of his trading cognizance.

In its 20-year trading jaunt, LCG has accomplished many key milestones and from a tiny trading entity, it has turned into a trading gargantuan today. The company takes enormous pride in having realised $ 1 billion in deposits and $20+ trillion in executed volume.

Not only the company boasts an immaculate 24/5 client support but it also prides itself on immense levels of security. In regards to the latter, LCG is stringently regulated and overseen by the Financial Conduct Authority and client funds are safely maintained in Tier 1 banks.

5,000+ markets across seven (7) asset classes, including Forex, commodities, shares, and indices, are accessible to customers of the broker.

Since 2010, it has gained numerous Awards, including “CFD Provider of the Year”, “Best Mobile Trading Platform”, and “Forex Innovator of the Year”, among others.

Trading Information

The “Account Types” section of LCG commences with Islamic accounts and that is not without a particular reason. The Middle East is gathering more and more trading momentum and investors from some of the richest countries in the world are joining the nerve-wracking Forex roller coaster. FX Islamic accounts are characterised by being swap-free since they do not imply rollover or swap interest on immediate positions. These accounts abide by the strict stipulations of Sharia laws and Muslim faith.

At LCG, there is an ECN account, permitting direct markets access, no requotes, and trading from 0 pips. ECN account traders obtain access to unmatched Forex liquidity and enjoy total anonymity and transparency. To qualify for such an account, one has to maintain an account balance of $10,000.

At this Forex broker, an investor can immerse in CFD trading across a broad array of asset types, including Forex, indices, bonds, shares, interest rates, and spot metals. One is free to select the MetaTrader4 or the proprietary LCG Trader platform that’s web-based. 7 different asset types spread over 5,000+ markets, trustworthy execution, highly competitive prices, as well as an access to a wealth of helpful educational material, thorough research, and profound analyses.

The leverage for all the seven (7) asset classes varies from as low as 10:1 to as whopping as 1,000:1.

If you are a newcomer to the exhilarating Forex trading society, there’s a demonstration account to fuel your knowledge and expertise before you commence your real-money trading career.

LCG Trading Platforms

LCG packs two outstanding trading platforms, teeming with fascinating features and perks to forge your trading edge and strategies to perfection.

The first one is the Forex brokerage’s proprietary version – the LCG Trader. This ground-breaking web-based platform for online trading is crafted to deal with myriads of assets at once. It permits the investor to trade all of the 5,000+ instruments across the seven (7) available asset types straight from his/her web browser. LCG Trader, specifically developed for the fastidious world of multi-asset trading, enables users to effortlessly trade any kind of asset provided by LCG on almost any device and irrespective of the clients’ location. The platform epitomises rapid execution, low latency, and easy-to-use GUI that is optimised for performance.

MetaTrader 4’s mind-boggling success in the last decade is due to its gigantic number of accessible indicators, powerful charting tools, and algorithmic functionality for trading. Breathing ease of use, safety and sound security, MT4 is an established standard in online trading. It unites intuitive layout with attractive for the eye design and it is available not only for desktop but also for mobile phones and tablets. The supersonic execution, precise pricing, and customisable charts make the platform truly irresistible.

Security and Customer Services

To guarantee a pleasant night sleep for all its respected traders, LCG has dedicated itself to crafting an utmost security. It has instilled trust, dependability, and confidence in its loyal customers by keeping their cash in segregated accounts maintained by Tier 1 Banks. A further whiff of safety delivers the fact that the company has a public listing on the London Stock Exchange and it is sternly regulated by the Financial Conduct Authority. 20 years of experience and over $1 billion in deposits further empower the image of a trustworthy Forex brokerage.

If any issues arise while you are sprinting on the trading tracks and you need to immediately assuage them, LCG’s first-class support centre will come to the rescue. E-mail assistance and phone support are provided from Sunday to Friday 22:00 (GMT). Additionally, there is a contact form to further facilitate users. No live help exists, though, which is quite unfortunate for a trading giant like LCG.

The London Capital Group has only one office at 77 Grosvenor Street, Mayfair. However, its website is multilingual, including English, Chinese, Spanish, Thai, German, French, Russian, Italian, Polish, Malay, Indonesian, Korean, Vietnamese, Arabic, and Turkish language versions.

Deposits and Withdrawals of London Capital Group (LCG)

LCG provides an assortment of rapid and secure payment options, such as credit/debit cards, online payment services (Skrill), and bank transfers. The regulations of the FCA prevent the Forex broker from accepting cash from any other source than a trader’s own funds.

Depositing via a phone is also available. Credit card deposits incur a 2% fee. All major credit/debit cards are accepted, but some International VISA Electron cards and American Express are not. Bear in mind that cash advances are typically subject to a grander interest rate than any standard transactions.

Withdrawals are executed making use of the same options an investor utilised for depositing. Mobile withdrawals are also available. Refunds will need 3-5 business days to appear in a trader’s bank account.

Please keep in mind that MasterCard does not take refunds from CFD or spread betting organisations. If you have deposited via a MasterCard, the withdrawals will go to a bank account, bearing your name. This might require identity proof. Any refund under £50.00 might be refused by the company.

Deposit Bonus and Loyalty Programmes

True ECN brokers, such as LCG, do not offer any kinds of promotions, perks, or welcome bonuses. This is a standard practice. However, it is one of the few brokerages that offer Islamic accounts, CFD trading, and spread betting, which is admirable, to say the least.

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