LCG can be summarised as a trustworthy broker that has a high trust score of 80 out of 100. LCG is authorized and regulated by CySEC with No fixed leverage.
LCG at a Glance
| 📅 Year Founded | 1996 |
| 📍 Head Office | Nassau, Bahamas |
| ⚖️ Financial Regulatory Bodies | FCS, CySEC, SCB |
| 📈 Managed accounts | Yes |
| 📊 Institutional accounts | No |
| ☪️ Islamic Account | Yes |
| 💰 Minimum Deposit | No minimum deposit requirement |
| 👍 Demo Trading Account available | Yes |
| 🌐US Clients Accepted | No |
| 💰 Withdrawal options | Visa/Mastercard, UnionPay, Southeast Asia Real-time Banking, Skrill Moneybookers, Neteller |
| 📒 Deposit options | Visa/Mastercard, UnionPay, Southeast Asia Real-time Banking, Skrill Moneybookers, Neteller |
| 💻Platform(s) provided | LCG Trader, MT4 |
| 🖥️ OS compatibility | PC, web, smartphones, tablets |
| 📓 Languages supported on the website | English, French, Vietnamese, Chinese, Italian, Indonesian, Portuguese, Spanish, Polish, Arabic, Swedish, Turkish, Norwegian, Russian, Bahasa, Thai |
| 📓 Customer support languages | English, French, Vietnamese, Chinese, Italian, Indonesian, Portuguese, Spanish, Polish, Arabic, Swedish, Turkish, Norwegian, Russian, Bahasa, Thai |
| ☎️ Customer service hours | 24/5 |
| 📈 Maximum Leverage | No fixed leverage |
| 👉 Open a account | 👉 Click Here |
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FCA, CySEC, SCB
Trading Platform
MT4, LCG Trader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
LCG Review – 21 key points quick overview:
LCG is a British forex broker company that is based in Nassau, Bahamas.
Forex brokers are companies that provide traders with access to platforms that allow them to buy and sell foreign currencies.
Forex brokers are also known as retail forex brokers or currency trading brokers. Retail currency traders in turn use these brokers to gain access to the 24-hour currency market for speculation purposes.
Forex broker services are also provided for institutional clients and large companies such as investment banks.
LCG, London Capital Group, was founded in 1996. LCG is a reputable company committed to providing prices that are compatible with advanced technology and services which are professional.
LCG is one of the leading providers of CFDs and caters to all types of traders. Besides the office in London, LCG also has offices in Cyprus and the Bahamas.
LCG is both an STP and ECN broker with an impressive offering of competitive spreads along with execution speeds.
LCG Awards and Recognition
LCG has won numerous awards over the years such as:
2016 – Best Use of Social Media
2016 – Best Forex Fundamental Analysis Provider
2016 – Best Mobile/Tablet Trading Application
2015 – Best Use of Social Media
2015 – Forex Innovator of the Year
2014 – Best platform – Capital Spreads
2013 – Best Mobile/Tablet Application
2012 – Best Online Trading Platform
2011 – CFD Provider of the year
2010 – Financial betting operator of the year
2009 – Spread betting Provider of the year
LCG Accounts
A forex account is a trading account held by a trader with a company like LCG that is primarily issued with the purpose of trading currencies.
Usually, the number and type of accounts that a trader can open with a broker company differ according to the country in which the brokerage operates, the country of residence of the trader, and the regulatory authorities under whose jurisdiction it operates.
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FCA, CySEC, SCB
Trading Platform
MT4, LCG Trader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
LCG Types of Accounts and their Features
LCG offers traders a choice between the following accounts:
ECN Account
This account caters to the more professional trader and has a US Dollar 10 000 account balance which must be maintained in order to qualify for this account.
It has the following features:
Spreads that start from 0 pips with no requotes
Access to unparalleled forex liquidity
Access to the LCG Trader and MT4 trading platforms
Complete transparency and anonymity
CFD Trading Account
The CFD Trading account is the Classic-type of account and has the following features:
Access to the LCG Trader and MT4 trading platforms
Trade-in over 7 000 instruments which span across 9 different classes
Pricing is competitive and execution is reliable
Access to various types of analysis, research, and educational material
Islamic Account
Islamic accounts or swap-free accounts are available to clients who follow the Muslim Faith along with the Sharia law.
These accounts have neither swap- nor rollover interest on overnight positions.
LCG also made provision for a spread-betting account, but this option is only available to UK residents.
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FCA, CySEC, SCB
Trading Platform
MT4, LCG Trader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
LCG Deposits and Withdrawals
There is no minimum deposit required by LCG when opening trading accounts, but the trader must ensure that deposits made are enough to cover the margin costs pertaining to the markets when they are trading.
LCG accepts the following payment methods:
Visa/Mastercard
UnionPay
Southeast Asia Real-time Banking
Skrill Moneybookers
Neteller
Only credit card payments include an additional 2% commission when depositing. The other payment methods have no charges. Deposits made usually take up to 30 minutes to reflect.
Withdrawal fees are waived by LCG, but traders need to contact their payment providers to ensure that there are no fees waived by them that the trader will be liable for.
Withdrawals using any of the specified payment methods can take up to one working day to reflect.
LCG Cost and Fees, Commissions and Spreads
The cost of trading depends on different factors like commissions, spreads, and margins.
The spread of a currency pair is the difference between the bid and the asking rate. A pip represents the smallest increment that an exchange rate can move. One pip is 0.01 for currency pairs with JPY as the term currency and 0.0001 for all other pairs.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account.
Commissions are the charges imposed by an investment broker on a trader for making trades on the trader’s behalf. The level of commissions will vary between different brokers and depends on the asset being traded and the type of service offered by the broker.
Execution-only brokers, that is a broker that does not involve in any personal investment advice and gives traders complete control over how they trade the markets, tend to have lower commissions.
Contract for differences (CFDs) trading, a popular form of derivative trading that enables traders to speculate on the rising or falling prices of fast-moving global financial markets, will incur a commission on shares.
CFD trades on other markets have no commission but do wrap a spread around the market price of a certain instrument.
LCG offers numerous markets which have tight spreads and very low commissions on not only share CFD trade and margin requirements but also additional monthly cash rebates.
LCG charges trading costs through the spread, but should a trader make use of guaranteed stop losses, there is a premium that will be charged to the trader’s account.
The spreads are not cheap, but they are competitive and depending on the market conditions, traders with an ECN account will find lower spreads. The spreads also differ depending on the trading platform used.
The LCG website offers a section that is dedicated to the layout of trading instruments and the various spreads for both the Classic CFD trading and the ECN account.
ECN Accounts require a maintained balance of US Dollar 10 000 in the trader’s account and there is a commission of US Dollar 45 per US Dollar 1 000 000 traded.
LCG Leverage
The facility that enables a trader to get a much larger exposure to the market than the amount he or she deposited to open a trade, is called leverage. Such leveraged products magnify a trader’s potential profit – but of course, also increase the potential loss.
The amount of leverage is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that a trader has US Dollar 1,000 in his or her trading account and is trading ticket sizes of 500,000 USD/JPY, that leverage will equate to 500:1.
LCG is registered in the UK and Cyprus, which means the company complies with the set of rules established and concluded by the European regulatory body ESMA.
However, LCG uses a dynamic leverage model instead of having fixed leverage levels. The leverage model can be used on both platforms on offer.
The leverage is automatically adapted according to the trading position of the trader.
LCG’s leverage level is determined by a tier system, which ranges from Tier 1 to Tier 4. The more exotic the pair and the higher the tier, the lower the maximum leverage level will be.
This is due to compliance requirements and the protection of traders.
Each trading instrument has a leverage level which is worked out according to the margin group and the Tier Level. Bonds and rates work according to a maximum leverage level of 1:1000.
LCG Bonuses
Forex brokers tend to lure new traders with offers of attractive deposit bonuses. This can be useful, but it is essential to discern what a proper bonus is.
Such a bonus is but a way to compensate traders for choosing a certain broker since once the account is opened, the trader will have the same expenses as any other.
The bonus is just a reward for the trader’s choice that gives some of these expenses back to the trader, once proving himself as an active trader.
Moreover, since 1 August 2018 The European Securities and Markets Authority (ESMA) has placed investor protection measures on the marketing, distribution, or sale of CFDs to retail clients.
These prevent brokers from directly or indirectly providing the retail client with a payment, monetary or excluded non-monetary benefit in relation to the marketing, distribution, or sale of a CFD, other than the realized profits on any CFD provided.
This means that a Deposit Bonus is not currently applicable to retail clients.
There is no indication on LCG’s website that it gives bonuses to its clients.
LCG Trading Platforms, Software, and its Features
The forex trading software provided by a broker company to its clients is called the platform and is used to carry out their trades.
A platform can be a multi-asset one, which means that it allows clients to not only trade forex but also other asset classes like CFDs on stocks, stock indices, precious metals, and cryptocurrencies.
The decision about which platform to choose will depend on what a client would like to trade, therefore it will be one of the criteria when choosing a broker too.
LCG offers traders a choice between two trading platforms, namely LCG Trader and Metatrader4.
LCG Trader is an in-house trading platform that is innovative and multi-asset. It is available for download on desktops, tablets, and smartphones which allows traders access from anywhere in the world.
LCG Trader has the following features:
A platform that is fully customizable
World-class charting package
Provides a trading experience that is fast and reliable
Advanced trade protection
Option to set price alerts and notifications
70 top technical indicators
Positions can either be doubled up or reversed
One-click dealing can be done by clicking on charts
Access to a comprehensive range of not only market data, but also charts, news, and analysis to aid traders in planning and fine-tuning their strategies
MetaTrader4 is one of the most popular and most-used trading platforms in the trading community. It offers a vast number of features, such as:
Stop-loss tools
Automated trading
Free signals
Advanced charts along with numerous trading tools
Charting features that are advanced
Various technical indicators and graphical objects
Trading from charts through the one-click function
The ability to set price alerts as well as notifications
Access to EAs and automated trading options
Available for download on mobile phones, tablets, laptops, and desktops
LCG Markets, Products, and Instruments
Most brokers offer all or some of the following kinds of market instruments for trading:
Forex
Forex trading, also called currency or FX trading, involves the currency exchange market where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities
As with currency exchange markets, commodity markets offer different investment opportunities for traders. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of inflation or economic uncertainty.
Indices
Equity or stock indices are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific set of the largest companies in a nation or they can represent a specific stock market.
Precious metals
The trading of gold and other precious metals involves hard commodities that are contract-based tradable goods.
Energy
The high volatility of energy prices due to political and environmental factors, supply and demand, extreme weather conditions, and global economic growth is a typical feature of this product, making it another popular trading choice.
LCG offers traders over 7 000 market instruments that stretch across 9 asset classes.
The instruments on offer are:
- Forex
- Spot Metals
- Indices
- Shares
- Commodities
- Bonds & Interest Rates
- Vanilla Options
Overall Rating
- 4.8/5
Min Deposit
USD 0
Regulators
FCA, CySEC, SCB
Trading Platform
MT4, LCG Trader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
LCG Safety and Regulation
One of the first things a potential trader needs to establish is whether a broker like LCG is safe to trade with. One of the surest benchmarks to measure the safety of a brokerage is to establish which regulating authorities are watchdogs over its actions:
LCG is authorized and regulated by three authorization entities.
London Capital Group Limited is registered in England and Wales and regulated by the FCA
LCG Capital Markets Limited (LCG BHS) is registered in the Commonwealth of the Bahamas, regulated and authorized by the Securities Commission of Bahamas (SCB)
London Capital Group (Cyprus) Limited is registered in Cyprus and authorized and regulated by the CySEC
LCG adheres to the regulations that require clients’ funds to be held in segregated accounts apart from that of company funds. LCG is prohibited from using clients’ funds for operational, or any other, reasons.
These accounts are opened with top-rated European banks that are not only capitalized but also have longstanding records of reliability.
In addition, LCG makes use of Secured Socket Layer (SSL) technology. This type of technology is industry standard and encrypts all data transmissions to LCD servers. This prevents internet fraudsters from accessing or intercepting any of the data.
LCG is also a member of the FSCS along with the ICF which provides compensation of up to £ 85 000 per client should LCG become insolvent.
LCG Customer Support
Potential traders need to be assured that the broker company they chose can offer the necessary support and help whenever they may need it.
LCG provides customer support through telephone, email, live chat, or by submitting an online question form. It is open from Monday to Friday from 5.00 to 22.00 (GMT)
LCG Research
Potential traders should always do as much as possible research about speculative trading before commencing to do it.
Trading with confidence and success relies heavily on knowledge and understanding of the markets, therefore research options offered by brokers form an integral part of its features when choosing the right company to trade with.
LCG makes provision for traders who have more advanced skills, experience, and knowledge by providing various research tools.
This includes the latest news along with an economic calendar, analysis videos, and a technical analysis that may aid them in their trades, planning strategies, and the finetuning of such.
LCG Education and Training
Before starting to trade, potential clients of LCG should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading.
If LCG’s website itself does not provide enough means, a trader should explore other informative websites and means to obtain that knowledge.
LCG also keeps the beginner trader in mind and offers various educational tools such as:
The LCG Blog provides a variety of informative stories regarding the world of online trading
Support guides intended to develop the trading knowledge of beginners with topics covering an introduction to trading and the provision of How-to guides.
The Online trading education center provides videos that cover various topics
A trading glossary with various currency trading terms
The FAQ section covers a variety of topics specifically pertaining to training which might aid beginners
LCG Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “LCG” is entered into Google’s search engine over a given period of time.
LCG Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇UK | 47.97% |
| 🥈Argentina | 32.44% |
| 🥉Spain | 7.31% |
| 🥈USA | 2.32% |
| 🥇Columbia | 1.03% |
LCG vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇 LCG | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $0 | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | No | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | No fixed leverage | 1:400 | 1:888 |
| 💵 Currency Pairs | - | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
LCG Customer Reviews
I enjoy using the MT4 platform on LCG
I enjoy using the MT4 platform on LCG. Everything works perfectly on the Demo system. I had no problem loading a custom indicator. I was pleased that the feed didn’t ‘drop out’ at busy times as happened often on another company I tried. I also liked the fact that I can start trading at 10p per pip and don’t feel pressured to bet too high too soon. I’m quite happy with the whole experience.
I have been with LCG for many years
I have been with LCG for many years. I must admit that general customer service is a little slower than other providers. However, Damian who helped me in recent months is always given a response within 5 minutes and helped me with all my queries straight away. Damian should earn 5 stars. But as a general, I gave 4 stars to the company.
LCG leads the way
I have traded spread betting for over 20 years now and I can honestly say that LCG is one if not the best company to trade with.
Why? many reasons. Their spreads are the lowest I have come across. The tighter the spread the more money you make.
They have an excellent variety of trading platforms, e.g. web trader, MT4, and mobile apps with great features and fast execution.
If you are a beginner/new to trading besides trying a demo account you can have a live account with as little as saying £180 and trade for just 10p per point.
The larger firms require around £875 to trade their minimum stake on my chosen instrument.
Also, their customer service is 2nd to none, I have to mention my account manager Damian Reed who has been very helpful over the years in setting things up and addressing any questions. I get a courtesy call/email every few months which none of the other major companies have ever done.
Conclusion
Overall, LCG offers traders the MetaTrader suite of platforms as well as a basic web and mobile app. London Capital Group (Cyprus) Limited is registered in Cyprus and authorized and regulated by the CySEC.
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Disclaimer
LCG cannot be held liable for any losses or damages caused through trading with financial instruments.
CFD, Forex, and trading of other financial instruments carry a high level of risk that may not be suited to all traders. The level of risk may threaten the trader’s capital and can result in losses that exceed that of the initial deposit.
Traders need to ensure that they understand the level of risk involved and they need to ensure that their objectives are clear.
Should traders need to, they can consult with an independent and professional third party for advice.
Risk Management
Risk management is a critical aspect of financial trading, and it refers to the process of identifying, assessing, and controlling potential risks in order to minimize their impact. LCG, a financial trading company, likely has a comprehensive risk management plan in place to protect both its clients and its own operations.
This plan could include measures such as diversifying investment portfolios, implementing stop-loss orders to limit potential losses, and regularly monitoring market conditions to quickly respond to any changes. Additionally, LCG may use sophisticated risk management tools and techniques, such as value at risk (VaR) analysis and stress testing, to help assess and mitigate risk.
Frequently Asked Questions
What is LCG Trading?
LCG Trading is a trading platform that provides online trading services to clients for various financial instruments, including Forex, stocks, indices, commodities, and more.
What types of accounts are available with LCG Trading?
LCG Trading offers several types of accounts, including individual and corporate accounts, demo accounts, and Islamic accounts.
How does LCG Trading ensure the security of my funds?
LCG Trading uses various measures to secure client funds, including segregated accounts, SSL encryption, and secure servers. The company also has policies in place to prevent money laundering and fraud.
What platforms does LCG Trading support for trading?
LCG Trading offers a range of trading platforms, including its own proprietary LCG Trader platform, as well as the popular MetaTrader 4 platform.
Are there any fees associated with trading on LCG Trading?
LCG Trading charges fees for certain services, including overnight financing fees for leveraged positions held overnight, and fees for inactive accounts. It is important to review the fees and charges associated with a trading account before making a decision to trade with LCG Trading.
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