London Capital Group Lcg Forex Broker Review

Customer and Sales Support specialists have trading experience and the ability to answer any questions that you might have about getting started. You may access them on any trading day while markets are open on a 24X7 basis, either by direct phone or email. If you are a beginner and need to brush up on the basics, then the companion website at Capitalspreads.com provides an abundance of video tutorials, webinars, and ebooks for your review and use. Since LCG is a full-on ECN/STP broker, its system matches client orders directly with market liquidity providers, which vary in spread and open amount appetites. For this reason market execution may deliver the lowest price in town, but there may be minor slippage when an order exceeds the market limit available. The website explains this complexity, but in any event, the spreads are very competitive.

While MT4 is the industry’s most renowned trading platform, it seems to have fewer features available as compared to the company’s in house-developed cTrader known as LCG Trader. Therefore, I reckon going with the LCG Trader for a better trading experience. However, the LCG trader does not have a desktop version that can be a source of disappointment for some traders. Maria is an expert of financial markets, bringing all the information from English to Spanish for a better understanding of the online traders. She is also a day trader with experience in developing trading strategies that generate profit while minimizing risk and working under high pressured environment. While being a portfolio manager by herself, she focuses on marketing and consultancy of financial and Insurance products.

We have won numerous awards for innovation, technology and service and we offer a world-class service for all of our clients and all types of traders. We continually invest in new technologies and products to ensure a high quality service for all clients and partners. We offer market-leading value while providing dedicated resources to ensure our customers receive the very best services.

Commissions & Fees

MT4 has long established itself as the standard in online trading due to it being safe, secure, easy to use but also packed with features for advanced traders. London Capital Group also offers the LCG trader which is based on the cTrader platform and was designed to provide easy to use trading platform for entry-level traders. The LCG trader is a desktop web-based trading platform but available on the Apple store and Google Play as a mobile app. LCG is an FCA and CySEC regulated broker offering online financial trading and Investment services as Forex, Shares, Commodities, Metals, Oil and Spread Betting via MT4 and LCG Trader platforms. Please read fresh LCG reviews by Forex Peace Army and share your live trading experiences with London Capital Group. Educational resources that are beneficial to beginners and experienced traders alike.

A currency trading platform is a software interface provided by currency brokers to their customers to give them access as traders in the Forex markets. This may be an online, web-based portal, mobile app, a standalone downloadable program, or any combination of the three. LCG clients can access cTrader and MT4 trading platforms on their mobile phones. With a user-friendly design and traders oriented features, the LCG’s cTrader takes an edge over the traditional mobile-based version of the MT4 platform. The cTrader mobile app comes with all main features that are present in the web-based trading platform.

• Click here for a full list of our partners and an in-depth explanation on how we get paid.
• While MT4 is the industry’s most renowned trading platform, it seems to have fewer features available as compared to the company’s in house-developed cTrader known as LCG Trader.
• Our LCG Trader platform offers a fast, reliable trading experience and a world class charting package.
• Since there are no regional branch offices of the London Capital Group, the entire customer service is conducted online from the London headquarters.
• All client funds are held in segregated accounts at tier-1 banks in the UK, which guarantees the safety and security of funds from any misuse.

Multiple drawing tools and a full suite of technical indicators help clients to undergo detailed technical analysis on their favorite assets. As mentioned earlier, this broker offers a wide range of products to include currencies, shares, indices, commodities, ETFs, bonds, vanilla options, and spot metals. With LCG, traders have access to over 82 currency pairs and over 4,700 CFDs. Major Cryptos such as Bitcoin, Ethereum and others are also available.

Is London Capital Group A Safe Broker For Trading?

If you are a beginner, it will be helpful to start with their free demo account in order to gain the skills and knowledge needed to trade successfully. To do so, visit the firm’s site and go to ‘Markets’ and then ‘Account https://topbitcoinnews.org/contact-us/ Types’. The next step will be to click on ‘Open Demo Account’ and fill in the required details. The needed information includes your name, email address, country of residence, phone number, and a password of your choice.

It enables you to trade all of our 7000 instruments across 9 available asset classes directly from your web browser. Developed specifically for the demanding world of multi-asset brokerage, LCG Trader ripple spread betting allows you to easily trade any asset offered by LCG from wherever you find yourself, on almost any device. Trade forex, shares, indices, spot metals, futures, bonds and interest rates with LCG Trader.

You can also open your account for £0, but you need to watch out for inert fees. If you haven’t placed any other order or closed trade in 180 calendar days, you will be charged a hefty price in whatever currency you have on your account. When you start funding your account, all direct bank transfers have no cost, and most debit and credit cards suffer a 2% transaction fee. There are almost no fees for withdrawals above £1,000, which is always quite good to hear, and the lowest withdrawal is £50. That’s actually what LCG offers to its users, and it’s one of this company’s most remarkable qualities. Due to the reserved number of regulators, LCG knows to be an average-risk broker, although they have a substantial prestige without any scandals or crucial customer complaints.

For instance, the average spread for EUR/USD on the Classic account is 1.6 pips while that of the ECN account is 0.2 pips. Also available is an Islamic account, commonly known as swap-free account given that it has no rollover interest on overnight positions. Founded in 1996, London Capital Group Holdings Plc is among the oldest online brokers in the industry today. See how London Capital Group compares to the leading Forex brokers by reading one of the reviews below.

Final Thoughts: London Capital Group Review

It is actually a subsidiary of London Capital Group Holdings Plc, which is listed on the London Stock Exchange. Its speciality is offering online trading in Contracts for Difference , and foreign currencies , or retail traders. Great care should be taken to ensure you are trading with the genuine article. The best way to do this is to contact the switchboard number listed in the FCAs register.

They can be either downloaded or accessed on web browser applications. The firm’s holding company began financial trading operations in 1996. In 2003, it launched its financial spread-betting broker, “Capitalspreads.com”, and in 2005 after a management buyout and IPO, it launched its traditional forex trading offering, LCG. As an additional assurance for the trading community, public companies must also adhere to stricter reporting standards and maintain capital levels that are public knowledge each and every day. The current market cap for the publicly traded holding company is nearly £20 million at last reading.

Contact Information & Support

Users have a £50,000 coverage offered by FSCS, and their funds are stored in separate regulated bank accounts where they won’t be afflicted should the company go bankrupt. LCG is a global business, based in London with almost two decades of experience in online trading. We are authorised and regulated by the Financial Conduct Authority and listed on the London Stock Exchange . All of our client funds are held in segregated Tier 1 bank accounts, giving you peace of mind that your money is safe with us. Additionally our fast, reliable and secure trading technology means we’re the firm of choice for those serious about trading.

The company seems to be well-regulated by top financial authorities in the UK but not regulated by ASIC. If you want to compare this broker with other country-wise regulated brokers, check our list of top ASIC regulated brokers to know more. London Capital Group offers clients a choice between two trading platforms. There is a standalone web-based trading platform developed in house, called the LCG Trader, along with the tried and tested MetaTrader 4. With LCGs own trading platform, traders can access the financial markets through their own desktop or using a mobile device. The platform is easily customized and also has the added advantage of an advanced charting package and top of the range trading tools.

I was honest with Lcg at all times but that is useless when they only have the objective of getting everything out of you. Reimburse me with a little less money, I do cooperate with everything. Nothing too complicated, plenty of indicators that can be used and supplement the trading strategy. Thank you very much for your patience when you encountered initial problems thank you for kind words about our customer service. After some initial issues with my new „live“ account , got plenty of help from the retail account manager – problems solved. Note that the content on this site should not be considered investment advice.

Step By Step Guide To Depositing The Minimum Amount

Keep in mind that this is just a basic overview of their huge selection of products. Check out the full leverage schedule on LCG’s website if you want to take a look at their offer in more detail. Brokers like IG and Oanda can compete with LCG’s great pricing, but arguably have a better offer in other departments. Check out these alternatives if you’re looking for a safe broker with a top-notch pricing schedule, maybe you’ll see something you like. Education is good up to a certain point, but the content suitable for intermediate traders is scarce.

Naturally, all FCA regulated brokers are covered under the Financial Services Compensation Scheme , which assures investors a guaranteed sum of £50,000, if a broker falls into bankruptcy. FCA is a part of the European MiFID, which allows LCG to enjoy the authority and sufficient bitsane fees licenses to cater to investors all over Europe without any additional regulatory requirements. Traders are eligible for a 10% deposit on their initial bonuses for a maximum bonus of €10,000, which can be withdrawn after satisfying different trading conditions.

Lcg Review : Payment Methods

Also available on this broker’s website is a comprehensive FAQ page and resources to guide clients on the most frequently raised issues. The broker processes withdrawals very quickly and when the transferred money will appear in your account depends on the payment method. The minimum withdrawal amount is 50 GBP since every amount below 50 GBP is not worth the transaction fees which the broker usually pays. If you register with this broker, you will be pleasantly surprised with the LCG welcome bonus which adds additional 10% to your deposit and can go as high as $5000.

The deposit and withdrawal methods accepted by this broker include credit cards, debit cards, bank transfers, and Moneybookers. However, traders should ensure that their deposits are enough to meet their trade margin requirements. London Capital Groups offers users the industry-standard MetaTrader 4, as well as LCG trader, a branded version of cTrader. The latter is superior to MT 4 in general as it has a more intuitive UI as well as better pricing making it a recommended trading platform if you’re an LCG client.

How Do I Make A Deposit And Withdrawal With Lcg?

We are sorry that you did not feel you had enough warning and wrote this negative review, yet your account will remain closed. Click the open account button at the top-right corner of your screen. The ECN account is transparent and reliable compared to other accounts. The broker states that an additional fee will be charged for deposit through credit/debit card. T&C’s apply to each of the offers above, click „Visit Site“ for more details. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up.

There is no mention of a bonus for new traders as this current time. No reward is not unusual among UK brokers; however, it is worth regularly checking for other promotions. If you are going to trade CFDs, then it is highly likely that you want to execute your trades on the move.

The changes made on trades are instantaneously translated to the LCG Trader web app. The charts offered by LCG brokers are displayed in full-screen modes for better understanding. However, the web application is unable to integrate the entire suite of LCG offerings. Therefore, the MetaTrader 4 platform is a bit better than the LCG Trader app.

The amount of leverage used also determines the minimum trade amount, based on the selected lot size. In case the company goes bankrupt, clients’ funds have insurance coverage under the Financial Services Compensation Scheme . LCG employs advanced security protocols for online data transmission, making it impossible for intruders to break into the LCG web servers. To cut it short, LCG is undoubtedly one of the safest forex brokers in the retail forex industry. In the decade or so since its release, MetaTrader 4 has become one of the best known and most widely used trading platforms in the world of online trading. The success of MT4 is largely down to its powerful charting functions, large number of available indicators and its algorithmic trading functionality.

You should consider whether you can afford to take the risk of losing your money. 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 . 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. Traders who want a good education and top-tier research resources will likely find this broker’s offer lacking, and there are no algorithmic trading capabilities for tech-savvy traders.

To begin with, you can contact their representatives throughout the working days on any of the phone numbers in the screenshot below. If no trading activity has been conducted on your account for 180 consecutive days, an inactivity fee is charged depending on your account currency as shown below. Sign up to our newsletter in order to receive our exclusive bonus offers and regular updates via email. Both platforms are responsive but the LCG Trader in particular uses a color that is easily identifiable to the LCG brand. This makes the browsing experience much better and this warrants a Design score of 5/5.

However, LCG is a reputable, award-winning company where many forex enthusiasts can make a bundle due to the low fees and overall good trading platform. City Index has a pretty good demo account you can practice with, as well as a complete set of well-produced lessons that can turn a starter into an intermediate-level trader. Not only that, but the brokerage is recently considered to be one of the best forex education offers in the country. LCG has made a great attempt to improve customer security so their users can sleep wisely at night, without the need to distress about losing their money.