LCG Review

Over 5000 Trading Instruments
Editor’s Rating: 90

Very Good

Average User Rating:

Very Good

Introduction

LCG or London Capital Group was primarily a financial spread-betting broker that eventually ventured into offering CFD trading services with access to over 5,000 markets from their suite of platforms. They advertise to potential clients that they can “trade with confidence” as they are authorized and regulated by the Financial Conduct Authority which is known to have very strictest standards for their licencees. Such an impressive portfolio on paper but are they able to live up to what they advertised? You may continue reading this review to find out.

Account Features

Demo Account: The risk-free way to practice

You can sign-up for an online demo account and still enjoy the trading environment that is same with the live account. In this way you can check out the platform without risking your real funds.

Bonuses: 10% extra fund

They offer a 10% bonus on any initial deposit on the LCG Trader platform for any amount exceeding $500. That means if you deposit $500 then you will get an extra fund of $50 and this will go higher if you increase your initial deposit. They also offer a monthly rebate scheme for their clients.

Trading Details

Platform: Popular and proprietary

They offer two major platforms. The LCG Trader is a web-based proprietary platform allows you to trade on 7 asset classes without the need to install any software on your computer. They also offer the widely used MetaTrader 4 which comes with charting functions, indicators and other functionalities that you can take advantage for improving your trading results.

LCG platform

Mobile Trading: Simple user interface

Their mobile platforms allow you to manage your trading positions while you’re on the go and the great thing is that all the functionalities of the desktop platform are still accessible. Its interface is also customisable and comes with a full suite of technical indicators and tools.

Minimum Lot Size: Micro lots allowed

This brokerage accepts a minimum lot size of 0.01. This matches the smallest lot size that majority of brokers allow for their clients to trade on.

LCG lot size

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Maximum Leverage: Larger returns at stake

If you prefer a higher leverage, you can set it up to a maximum of 1:500. With this ratio, the potential profits that you may earn are increased but always remember that potential losses are increased as well and that you capital may be at risk.

Spreads: With transparent pricing

LCG offers tight spreads and this is due to their transparent pricing with forex majors such as the EUR/USD and GBP/USD having spreads as low as 1 pip.

Tradable Instruments: Over 5,000 choices available

Among the strongest advantages of this brokerage is that they provide access to over 5,000 trading instruments spread across 7 asset classes. This will allow you to diversify your trades and explore other markets without the need to find another broker.

LCG instruments

Deposit & Withdrawal/Support

Minimum Deposit: Any amount you wish

You can initially deposit any amount on your account as they require no minimum. However, if you would like to take advantage of their bonuses then you need to deposit at least $500 on your account.

Deposit Methods: Fast and secure options

Among the payment methods that they accept for making a deposit are debit and credit cards, bank transfer and online payment services including Skrill.

LCG deposit

Withdrawal Processing Time: The same business day

If you would like to withdraw the funds from your account, you need to accomplish an online request form on their website. The processing of the refunds is quick and normally gets done within the same business day. Do take note that some fees apply for UK customer withdrawals.

Support

Channels: The common ways

Phone, email, and live chat support are available for anyone who wishes to get in touch with them.

Availability: Depends on department

The main customer service lines are open from Sunday 22:00 and closes on Friday 22:00 (GMT) while their sales department is open from Monday 08:00 to Friday 20:00 (GMT).

Supported Languages: Plenty of choices

They have support for clients who speak English, German, Spanish, Russian, French, Italian, Polish, Malaysian, Indonesian, Thai, Arabic, Korean and Turkish.

LCG support

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User Reviews

Average User Rating: 9.0

This score was provided by various users and its value is taken from the accumulated votes that were given by actual traders who have tested this broker.

lcg reputation
lcg reputation
lcg reputation
lcg reputation
lcg reputation

Editor’s Opinion

Platform Design: Fluid and uses official brand color

Their platforms are very responsive but aside from this advantage, what’s noticeable is that it uses the cyan color which is the official color of their brand. Its visually pleasing and makes the browsing experience much more inviting.

Support: Personal account managers for Premium account holders

Communicating with the support team is easy because their lines rarely become busy so you can get immediate assistance when you need it. They also assign personal account managers for clients who avail of their Premium service.

Reputation: An established CFD and spread betting provider in the UK

London Capital Group has been in the online trading industry for two decades and based on the number of credible reviews and user comments, they have a well-established brand name as a CFD and spread betting provider particularly in the UK where they are authorized and regulated by the Financial Conduct Authority (FCA).

Conclusion

Editor’s Rating: 90

LCG utilizes an array of trading platforms and applications that are bundled with useful functionalities, premium services and an excellent support. And with the regulatory oversight of the FCA, you are assured that they operate in accordance with the strict standards and practices. If your priority is security and service reliability then LCG should your top option.

 

Is This The Right Broker For You?

Yes
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No
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5 comments

  1. Jamie Dickens

    The MetaTrader 4 platform from LCG provides a really swift order execution and it made trade management easier because you don’t have to worry about system lags all the time.

  2. Steve Avery Lux

    LCG is regulated by UK’s Financial Conduct Authority (FCA), one of the most popular governing body in the world of finance in the UK. When a broker bears that kind of certification I really think that there is no way to distrust this broker. I chose LCG for the simple fact that my investment is safe. I can sleep at night without thinking that someone is going to steal my money away from me.

  3. Neilsen Walker

    LCG’s Pip spread on major forex pair starts from 0.6 pips which is relatively competitive. I first tried the demo account that they tender in their home page, I chose cTrader and I do like the fast trade execution, and that gave me a reason to register for a real money account with them.

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