LCG offers two account types to global users and one to its UK clients. These consist of the CFD Trading Account, ECN Account, and Spread-betting Account. LCG is both an STP and ECN broker that offers competitive spreads
LCG at a Glance
| 🔎 Broker's Name | LCG |
| 🏛️ Headquarters | London, UK, Bahamas, and Cyprus |
| 📅 Year Founded | 1996 |
| ⚖️ Regulating Authorities | FCA, LCG BHS and CySEC |
| 🌐 Countries not accepted for trade | Australia, Belgium, Canada, New Zealand |
| ☪️ Islamic account (swap-free) | Singapore, and United States |
| 📒 Demo Account | Yes |
| ✴️ Institutional Accounts | Yes |
| 👨🏼💼 Managed Accounts | Yes |
| ⬆️ Maximum Leverage | No fixed leverage |
| 💰 Minimum Deposit | No minimum deposit requirement |
| 💳 Deposit Options | Visa MasterCard UnionPay Southeast Asia Real-time Banking Skrill Moneybookers Neteller |
| 💳 Withdrawal Options | Visa MasterCard UnionPay Southeast Asia Real-time Banking Skrill Moneybookers Neteller |
| 📊 Platform Types | MetaTrader 4, LCG Trader |
| 📶 OS Compatibility | PC, Mac, web, Android, iOS |
| 📈 Tradable assets offered | Forex, Indices, Shares, Commodities, Spot Metals, ETFs, and Cryptocurrencies. |
| 💬 Languages supported on Website | English, German, French, Indonesian, Turkish, Norwegian, Italians, Arabic, Tieng Viet, Spanish, Polish, Chinese, Portuguese, Russian, Swedish, and more |
| 💬 Customer Support Languages | Multi-lingual |
| ⏲️ Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit USD 0 Regulators SCB, FCS, CySEC Trading Platform MT4, LCG Trader Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
📍Choose your quick section of our LCG Account Types below.
LCG Account types – 11 key points quick overview:
LCG at a Glance- LCG Account types – 11 key points quick overview:
- LCG Overview
- LCG Account Types
- LCG Account Features
- LCG Demo Account
- LCG Islamic Account
- LCG Customer Reviews
- LCG Pros and Cons
- Conclusion
- Frequently Asked Questions
📍Here is an overview of the LCG Account types as well as the treading features and benefits offered for each account.
LCG Overview
London Capital Group (LCG) is a UK-based online trading brokerage with a history that spans over 20 years. It was established in 1996.
The broker is both an STP and ECN broker that offers competitive spreads on over 7 000 products which stretch across 9 asset classes that include Forex, Indices, Shares, Commodities, Spot Metals, ETFs, and Cryptocurrencies.
LCG is not only a reputable broker but is also committed to providing prices that are compatible with advanced technology and services which are professional.
Its headquarters are in London, UK with offices in Cyprus and the Bahamas. This means the broker is authorized through three authorization entities, namely the FCA in the UK, LCG BHS in the Bahamas, and CySEC in Cyprus.
It complies with the strict regulations of these bodies and client funds are kept in segregated accounts apart from that company funds. LCG is prohibited from using clients’ funds for operational, or any other, reasons.
LCG makes use of SSL, a technology that encrypts all data transmissions to LCD servers. This prevents internet fraudsters from accessing or intercepting any of the data.
The broker 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.
Clients in the Cyprus region covered by CySEC are eligible for up to € 20 000 ICF compensation if LCG becomes bankrupt.
Customers from Australia, Belgium, Canada, New Zealand, Singapore, and United States are not accepted as clients.
LCG Account Types
LCG offers traders the following choices in live account types: ECN Account, CFD Trading Account, and a Spread-betting Account. In addition, it also offers a Swap-free or Islamic Account to clients that follow the Muslim faith.
Through these account types, LCG offers competitive trading conditions along with comprehensive solutions and services.
LCG Account Features
🌐 LCG ECN Account
The ECN Account caters to the more advanced trader and this is clear through the $ 10 000 account balance which must be maintained to qualify for this account.
📍Features of the ECN Account are as follows:
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
🌐 LCG CFD Trading Account
📍 The CFD Trading account is the Classic type of account that LCG offers and comes standard with the following features:
Access to the LCG Trader and MT4 trading platforms
Trade-in over 7000 instruments which span across 9 different classes
Pricing is competitive and execution is reliable
Access to several types of analysis, research, and educational material
🌐 LCG Spread-betting Account
This account is only offered to UK residents and to apply for this account, clients need to contact LCG’s customer services.
LCG Islamic Account
LCG offers Muslim traders who follow the Sharia law the option of opening an Islamic Account. Traders cannot merely convert their live trading account to an Islamic Account as it is a standalone account with a separate application procedure.
The Islamic account means a Muslim client has an additional swap-free option without being charged during overnight positions of swaps or rollover interests.
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.
After registration on the LCG website has been completed, the trader can contact the customer support team via email to request an Islamic account.
Islamic Swap-free accounts are subject to LG’s approval. The broker will review the request and reply within a couple of business days.
LCG Demo Account
📍LCG offers traders the option of opening a Demo Account which can be utilized in many ways, including, but not limited to the following:
A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
Traders who are evaluating and comparing brokers would like to explore LCG’s trading conditions in a risk-free environment.
Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital.
To sign up for LCG’s demo account is fully digitalized and hassle-free. It is a free account to open and can be used for a period of 30 days.
The demo account has the same features as the live account type and gives traders the opportunity to practice trading without any risk involved.
Registering for an account can be done within a few minutes and as soon as the trader is registered, the trader needs to download the MetaTrader 4 or LCG Trader platform and demo trading can then commence.
LCG Islamic Account
The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitative.
Overnight fees are charged should traders hold positions open for longer after the trading day has concluded. This type of account allows exemption from such fees or interest, should they hold positions open for longer.
LCG offers an Islamic Account to Muslim traders who follow Sharia law. Traders must, however, take note that most of the features indicated on the Islamic account are the same as the normal live account such as minimum deposit, spreads, and more.
More information on the opening of an Islamic account and its features can be obtained from customer services.
Traders who are interested in registering for an Islamic account must contact LCG’s customer support to verify the details of the account as conditions may have changed from the time of writing.
These changes are as per the broker’s discretion and/or changes in market conditions.
Min Deposit USD 0 Regulators SCB, FCS, CySEC Trading Platform MT4, LCG Trader Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
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.
LCG Pros and Cons
| ✔️Pros | ❌Cons |
| Competitive trading conditions offered | Clients from Australia, Belgium, Canada, New Zealand, Singapore, and United States are not accepted |
| MetaTrader 4 offered | ECN trading limited to traders with more than $ 10 000+ capital |
| No deposit or withdrawal fees charged | No fixed spread accounts offered |
| Segregated client funds used | |
| Transparent fee schedule | |
Conclusion
LCG offers two account types to global users and one to its UK clients. These consist of the CFD Trading Account, ECN Account, and Spread-betting Account. LCG is both an STP and ECN broker that offers competitive spreads
You might also like: LCG Review
You might also like: LCG Demo Account – Step by Step
You might also like: LCG Fees and Spreads
You might also like: LCG Islamic Account Overview
You might also like: LCG Minimum Deposit
You might also like: LCG Sign-up Bonus
Frequently Asked Questions
How many instruments can I trade with LCG?
You can trade the following financial instruments:
- Forex
- Indices
- Shares
- Commodities
- Spot Metals
- ETFs
- Cryptocurrencies
Which platforms are supported by LCG?
MetaTrader 4 and LCG Trader.
Does LCG offer leverage?
LCG uses a dynamic leverage model instead of having fixed leverage levels. The leverage is automatically adapted according to the trading position of the trader.
Does LCG have ZAR accounts?
No LCG does not have ZAR Account Currency
What is the overall rating out of 10 for LCG?
6/10.
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