LCG London Capital Group Broker Reviews and Full Information

What exactly is LCG?

London Capital Group known as LCG operates for over twenty years in online trading and provides the assurance that you are trading with a trusted broker with a solid reputation in the UK as well as Cyprus. Their goal is to offer affordable costs with the latest technology, and a professional service to all kinds of traders is backed by more than 7,000 different products in nine asset types.

The client has the ability the ability to trade Forex, Indices, Commodities shares bonds and interest rates, Cryptocurrencies, ETFs, and Vanilla Options.

Additionally, LCG received fresh approaches in capital investment amounting up to PS17 million , from an investment banking professional. Therefore, LCG has seen major changes to improve their services and broaden their offerings.

LCG Pros and Cons

LCG is a reputable broker due to its listing in Stock and is endorsed by top authorities such as FCA. Account opening is completely digital. It offers a wide range of ways to fund your account, ECN accounts and advanced variety of instruments.

On the negative side, we couldn't find a good research and education sections, and spreads may be excessive for certain instruments.

10 Points Summary

Awards

Additionally, LCG has established as a leading supplier of complete finance trading service and modern educational systems. In general, LCG implements innovations and innovative solutions to every trading processes, as evidenced by the amount of customers or partners and numerous international awards which have acknowledged their efforts.

Additionally, LCG is an official partner for Stan Wawrinka, the famous tennis player who is a role model, global role model and brand ambassador.

Is LCG legitimate or is it a scam?

It is important to note that LCG cannot be considered a fraud. London Capital Group Holdings plc (LCG Group) is a registered company with the authorities of England and Wales as well as registered as a participant in the NEX Exchange with low risk Forex trading. LCG as an UK company is licensed and is regulated through the Financial Conduct Authority (FCA, UK).

Furthermore it is worth noting that further, the Cyprus entity was incorporated in the form of an entity called London Capital Group (CYPRUS) Limited (LCG CY) that is under the supervision of the Cyprus Authoritiesand Cyprus Securities and Exchange Commission.

As a registered brokering services company with more than more than 20 years of experience the broker adheres to strict guidelines for operation, when managing clients' funds and accounts with complete transparency and displays effectiveness in performance. The trustworthiness of secure storage of funds is assured by specific rules that are regulated, which include the deposit of funds from clients in a Tier 1 banks, full segregation of accounts as well as participation in the scheme as well as compensation in the event that something happen to the broker.

Leverage

As one of the UK as well as Cyprus brokerage firm , the company is in compliance with the rules set out and approved by the European regulator ESMA. Because the regulations are applied to every single step and procedure that the brokerage performs The authority also determines what levels are safe to provide.

A recent update has set an maximum leverage limit of 1:30 for the most popular Forex currency pairs and 1:20 for lesser ones, and 1:10 in the case of Commodities and other commodities. This is the highest leverage that you as an LCG review trader can get trading using the LCG review. However, make sure you know how to utilize the tool correctly so as to not get caught in the unlikely scenario of losing your funds quickly.

Types of accounts

LCG account types include two types: Standard as well as ECN account. Account opening is possible through an online application that can also provide Islamic account option as well as ECN option for businesses and individuals who trade massive amounts.

Fees

LCG fees are incorporated into narrow spread and low commissions to ECN accounts. You can trade CFDs in shares, with reasonable margin requirements. There are also monthly cash rebates, including ETFs, which are accessible via CFD as well as spread betting (for UK residents only). ECN spreads start at 0.01 1pips with no requotes allowed for customers who have a $10,000USD balance and pay an additional commission of $45 for every 1 million dollars traded.

Shares listed on more than 3500 UK, US and European markets, including Bonds and Indices, Interest Rates, various Commodities, Spot Metals with either a short or long position as well as Forex by the most popular pair and Vanilla Options which can be utilized in virtually all market conditions with respect to UK 100, Germany 30, EURUSD, GBPUSD, USDJPY and UK, EU and US stocks.

Spreads

LCG trading charges or spreadsoffers various spreads which differ based on the instrument being traded and averages at 1.45 pip EURUSD However spreads could be different between two platforms that LCG utilizes. To find out the average spread in the LCG Standard account, refer to the table below. For example, you can look at the fees offered by another well-known brokerage the XTB.

Deposits and withdrawals

LCG typically processes payment within a short period of time, starting from 1 working day, and providing a variety of payment options to traders' convenience. However, investors should be aware of the different methods based on the bank they open, whether one in the UK or Cyprus one.

Minimum deposit

LCG has no minimal deposit amount to open an account. However, for a trading account. The client deposits must have sufficient funds to cover the costs of margin for the markets you're trading and is an excellent benefit for new traders or even experienced traders too.

LCG minimal deposit, vs other brokers

WIthdrawals

LCG withdrawals are seamless and offer Bank Transfers and Card Payments. Clients regulated by CySec are able to make either transfer to a bank account as well as Visa/ MasterCards, which also include an additional commission of 2% for deposits to credit cards. The customers of the FCA are able to make use of bank transfers and cards, as well and have additional choices of Skrill and Neteller with zero dollar fees to transactions.

Trading Platforms

The broker principally relies on its own multi-asset custom trading platform LCG Trader It provides solid trading experience across the financial markets, and provides access to a wide assortment of market information and research of trading strategies.

It was designed specifically for the demands of brokers , LCG Trader allows users to trade any of the assets offered by LCGfrom any location where the client can find himself, and on nearly any device. LCG Trader makes it the top web-based trading systems.

But, you are able to select the most popular MetaTrader4 and benefit from the company's execution technology, which is can be a successful combination. The popularity of MT4 is mostly due because of its powerful charting features as well as the wide array of indicators available along with its algorithmic trading capabilities.

The MT4 platform has established its place to be the gold standard for online tradingdue due to its safety and secure use and yet packed with the latest tools for traders. MT4 trade is accessible on desktops tablets, mobiles, or multiterminal.

Education

The ongoing support provided by the company's customer support teams in various languages, in addition to LCG's news breaking as well as experts' analysis tutorials, seminars, along with trading education.

Conclusion

To conclude LCG's performance and reliability offer a secure trading environmentand easy conditions. A broad selection of trading products, the option between the platform that is proprietary and the MT4 platform that is comfortable accommodates the needs of every trader with a distinct experience. Additionally, there is the alternative to trade via an ECN accounts however the minimum balance needed for an ECN account is very large, which is ideal for traders with larger dimensions only.