Overall LCG is a trustworthy and low-risk broker with an overall rating of 6 out of 10. LCG is authorized and regulated by CySEC and offers No fixed leverage.
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
LCG Review – 21 key points quick overview:
- LCG Overview
- LCG Safety and Security
- LCG Sign-up Bonus
- LCG Minimum Deposit
- A step-by-step guide to LCG depositing the minimum amount
- LCG Account Types
- LCG Account Features
- How to set up an LCG Demo Account – Step by Step
- LCG Islamic Account
- LCG Trading Platforms
- LCG Fees and Spreads
- LCG Deposit and Withdrawal
- LCG Current Popularity Trend
- LCG Best Countries by Traders
- LCG vs Etoro vs XM – Comparison Table
- LCG Customer Reviews
- LCG Pros and Cons
- Conclusion
- Disclaimer
- Risk Management
- Frequently Asked Questions
LCG Overview
According to research in South Africa, LCG, London Capital Group, is a UK-based online trading brokerage with a history that spans over 20 years. LCG is not only reputable but also committed to providing prices that are compatible with advanced technology and services which are professional.
LCG offers traders over 7000 products that stretch across 9 asset classes. LCG is one of the leading providers of CFDs and caters to all types of traders. Although headquartered in London, LCG has offices in Cyprus and the Bahamas as well.
LCG is both an STP and ECN broker with an impressive offering of competitive spreads along with execution speeds.
LCG Safety and Security
📍 LCG is regulated and authorized by three authorization entities:
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 Limited is registered in England and Wales and regulated by the FCA
London Capital Group (Cyprus) Limited is registered in Cyprus and authorized and regulated by the CySEC
LCG is compliant with strict 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. These banks are not only capitalized, but they also have longstanding records of reliability. These records are frequently audited and submitted to the regulatory authorities.
LCG makes use of Secured Socket Layer, or 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.
Furthermore, LCG is a member of the FSCS along with the ICF. The FSCS and the ICF provide 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.
LCG Sign-up Bonus
LCG does not offer a sign-up bonus.
No sign-up bonus, deposit bonus, or welcome bonus is offered to traders who register a real account with LCG.
Through these bonus offers brokers often attempt to draw new customers to partake in trading activities. When offering a welcome bonus or anything of this kind, the traders will receive some money back. This will depend on the initial deposit made by the trader.
Even though LCG does not offer bonuses, rewards, or any other promotions, traders should not be discouraged by this.
The broker still offers attractive trading conditions.
LCG Minimum Deposit
LCG does not have a minimum deposit required 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.
London Capital Group (LCG) is a UK-based online trading brokerage with a history that spans over 20 years. The broker is both an STP and ECN broker that offers competitive spreads on over 7 000 products that stretch across 9 asset classes.
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 the company funds.
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.
A step-by-step guide to LCG depositing the minimum amount
Deposits can be made with LCG using the following steps:
Step 1 – Log in
When funding the trading account, traders can securely deposit quickly and easily by logging into the My LCG Account Management portal and funding their accounts.
Step 2 –Make the deposit
As a credit card customer, you should be aware of changes to the way some credit card companies charge for online trading transactions. Clients need to register their card details.
When entering your card details for the first time, clients need to make a minimum payment to their accounts.
You do not need to re-register your card and can use it every time unless your card expires, or it is inactive for over 12 months.
Funds must be transferred in the same currency as the bank account to which they are sending them. Should this not be done, traders may be subjected to currency conversion fees.
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 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.
How to set up an LCG Demo Account – Step by Step
📍To register for, and set up a demo account with LCG, traders can follow these steps:
Step 1 – Open Your Account
- Go to the LCG homepage and select the link ‘Open Demo Account’ at the bottom of the homepage.
Step 2 – Fill out the form
- Traders will be redirected to a page where they will be requested to complete an online registration form so that a demo account can be opened.
- Traders are asked to complete a form where they must provide their Title, First and Last Name, Country of Residence, mobile number, email, and password. Traders also have the choice to tick the box giving permission to receive research, education, and promotional material from LCG via email.
- Traders need to select the currency they want to trade in which is either USD, EUR, GBP, or CHF.
- Traders also must choose whether they want to use the MetaTrader 4 or the LCG Trader platforms.
Step 3 –Receive an Email
- Once traders have submitted their details, they will receive an email at the address that they provided. The email will contain the trader’s demo account
- When selecting the option to continue with LCG, traders will be redirected to the platform they chose where they are free to explore the broker’s offering and/or practice trading, test strategies, and more.
A demo account is a practice account since it provides traders with the ability and freedom to explore the broker’s offering without running the risk of incurring losses through the provision of virtual money with which to practice trading.
Beginner traders can use demo accounts to acquaint themselves with a live trading environment, where they can build up their trading skills by actively participating in trades and developing their own trading strategies.
Demo accounts are not only available for beginners, but it also provides professional traders with the opportunity to explore what LCG has to offer.
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 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 and 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 Trading Platforms
LCG offers traders a choice between two trading platforms, namely LCG Trader and MetaTrader 4.
LCG Trader is LCG’s in-house and own trading platform which is innovative and multi-asset. The trading platform is available for download on desktops, tablets, and mobiles which allows traders access from anywhere in the world.
📍LCG Trader has the following features:
Provides a trading experience that is fast and reliable
World-class charting package
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
Option to set price alerts and notifications
Advanced trade protection
Positions can either be doubled up or reversed
One-click dealing can be done by clicking on charts
70 top technical indicators
A platform that is fully customizable, and several more
MetaTrader 4
📍 This is one of the most popular and most-used trading platforms in the trading community. It is available in 39 different languages and offers a vast number of features, such as:
Automated trading
Free signals
Advanced charts along with numerous trading tools
Various technical indicators and graphical objects
Available for download on mobile phones, tablets, laptops, and desktops
Access to EAs and automated trading options
Stop-loss tools
Trading from charts through the one-click function
Charting features that are advanced
The ability to set price alerts as well as notifications
LCG Fees and Spreads
LG’s spreads start from 0.0001 pips on EUR/USD majors.
With LCG, traders are offered a variety of markets that have tight spreads and very low commissions on not only share CFD trade and margin requirements but also additional monthly cash rebates.
Most of the trading costs at LCG are 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.
Although the spreads are not the cheapest, they are however competitive, depending on the market conditions. Traders with an ECN account will find lower spreads. The spreads also differ depending on which of the two trading platforms traders use.
ECN Accounts require a maintained balance of $ 10 000 in the trader’s account and there is a commission of $45 per $1 000 000 traded.
LCG Deposit and Withdrawal
LCG does not have a minimum deposit which is required when opening a trading account, but the trader must ensure that deposits made are enough to cover the margin costs pertaining to the markets when they are trading.
Depositing of funds
📍 LCG accepts the following payment methods:
Visa/Mastercard
UnionPay
Southeast Asia Real-time Banking
Skrill Moneybookers
Neteller
Although LCG does not charge fees on deposits, credit card payments include an additional 2% commission when depositing. Deposits made via the beforementioned payment methods usually take up to 30 minutes to reflect.
Withdrawals
There is no withdrawal fee 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 but LCG cannot be held liable should there be any delay in processing if that delay is out of LCG’s control.
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.
LCG Pros and Cons
| ✔️ Pros | ❌ Cons |
| 1. Instantaneous connection between apps and web versions | 1) Third-party tools cannot be integrated into the platform |
| 2. Analysis and insights are above-average quality | 2. No backtesting |
| 3. The mobile app is the best in its class | 3. No automated trading |
| 4. Strict regulation from three jurisdictions | 4. No fixed spread accounts |
| 5. State-of-the-art platforms | 5. Clients from Australia, Belgium, Canada, New Zealand, Singapore, and the US are not allowed |
| 6. Over 7000 tradeable assets | 6. ECN trading limited to traders with more than $10,000+ capital |
| 7. Technical analysis is done through Trading Central | 7. Not the cheapest regarding commissions and fees |
Conclusion
Overall, LCG can be summarised as a credible and trustworthy broker and is considered an average risk with competitive trading fees and spreads. 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
You might also like: LCG Account Types Overview
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
Disclaimer
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.
LCG cannot be held liable for any losses or damages caused through trading with financial instruments, According to research in South Africa.
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 are the advantages of trading with LCG?
Reputed, regulated, and reliable. · LCG offers a pretty safe environment. The negative balance protection makes sure traders never lose.
Which platforms are supported by LCG?
MetaTrader 4 and LCG Trader
What type of broker is LCG?
The broker is both an STP and ECN broker that offers competitive spreads on over 7 000 products which stretch across 9 asset classes
Is LCG a fake or a scam?
No. LCG is not a scam. London Capital Group Holdings plc (LCG Group) is a company registered in England and Wales
What is the overall rating out of 10 for LCG?
6 /10.
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