London Capital Group Review

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Up to 300:1
Up to 10% BONUS
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London Capital Group
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Overview

Company Information LCG or otherwise known as London Capital Group is a Forex brokerage that started its operations just recently in 2015. The company owning the brand (London Capital Group… more

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Details

BrokerLondon Capital Group
Website URLhttp://www.lcg.com/
Founded1996
HeadquartersLondon, United Kingdom
Support Number+44 (0) 207 456 7020
Support Emailcustomerservices@lcg.com
Support TypesPhone, E-mail
LanguagesEnglish, German, Chinese, Spanish, Russian, French, Italian, Polish
Minimum Trade Amount0.1 lots
BonusUp to 10%
PayoutUp to 300:1
Free Demo AccountYes
Regulated Yes
RegulationFinancial Conduct Authority (FCA)
Account TypesCFD Trading, Premium Services, ECN
Deposit MethodsDebit/Credit Cards (without American Express and some Visa Electron cards), Skrill, Bank Transfer
Withdrawal MethodsDebit/Credit Cards (without American Express and some Visa Electron cards), Skrill, Bank Transfer
Types of AssetsForex, Indices, Shares, Commodities, CFDs
Account CurrencyEUR, GBP, USD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

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Company Information

LCG or otherwise known as London Capital Group is a Forex brokerage that started its operations just recently in 2015. The company owning the brand (London Capital Group Holdings plc) was established in 1996 and has vast experience in offering financial advice and trading services. Headquarters of the company are located in London, the United Kingdom. The brokerage is fully regulated and has a license from the FCA in the UK. As a certified online trading platform, LCG has already won a couple of awards. It has been named Best Mobile Trading Platform for two consecutive years 2012 and 2013. It also won the award for Best CFD Provider in 2011. A recent survey has placed LCG as the second best spread betting and CFD’s provider in the UK. It’s quite clear that the company has the experience and traditions to expand their services even further and claim the top spot in the UK. It offers some of the tightest spreads in the industry and also has great promotions for new and already registered clients.

 

Trading Information

Currently, LCG offers two types of accounts the “CFD Trading” and the “Premium”. The “CFD Trading” account gives you access to all the trading instruments offered by LCG. You can trade with Forex, spot metals, bonds, shares, indexes, futures and interest rates. There is a total of 5000 instruments divided into seven different categories. The minimum account size for this account is $33.33. Spreads are variable and can go as low as 0.3 pips for majors like EUR/USD. The typical range is around 0.6 pips for EUR/USD. Commission per standard lot is set at $2.5. Scalping and hedging are allowed and encouraged. The minimum trades size is 0.1 lots. Maximum leverages go from 1:50 for gold and silver to 1:300 for Forex (Indexes have a 1:100 maximum leverage). The number of currency pairs offered is 37 with 24 of them being exotic. One-click trading, pending orders and automated trading, are supported. The “Premium” account option requires a minimum deposit of $25 000. It gives you access to institutional research, a dedicated account manager, and key trading opportunities advice every day.

 

Trading Platforms

The trading platforms that LCG have chosen for their services are their LCG Trader option and the all famous Metatrader4. The LCG trader is a versatile platform that has excellent charting capabilities. With so many trading instruments offered by LCG, their platform handles them quite well. Fast execution of trades is guaranteed, and the low latency provides great trading experience. The GUI is optimized for maximum performance and suits the needs of beginner and expert traders. It is an all-around pleaser. It also supports all Android and Apple mobile devices. The next platform is the most popular in the world and is called the MT4. It has been around for a decade and is still the most preferred platform to date. The outdated graphics and the lack of a web-based platform are maybe the only shortcomings of the MT4. It also provides over 50 different indicators and the feature of trading directly from signals and charts.

 

Security and Customer Services

Security at LCG is top notch, and the people who have taken care of their website have put a lot of effort in it. There is a secure SSL encryption which protects your personal data and makes it available only to the company’s employees. The segregated account feature ensures that your funds are separated from the company’s and are deposited in top tier banks. As far as customer support is concerned LCG have done their best to make the trading experience of their clients superb. The website is translated into seven major European languages and Chinese. The customer care team has a 24/5 coverage starting from Sunday 22:00 GMT to Friday 22:00GMT. There are plenty of ways to contact them including a couple of phone numbers, emails, live chat and a postal address of the office in London. For people who are active in social media platforms there are profiles of the company in Facebook, Google+, Twitter and Linkedin. Analysis tools and educational videos are available for every beginner and expert trader.

 

Deposits and Withdraws

Depositing money into your LCG account is made easy. There are plenty of deposit methods available including digital wallets. Funds can also be transferred via telephone or with a cheque. There is a 2% charge fee for deposits made with a credit card. Otherwise, there aren’t any other charging fees mentioned. Withdrawing fund from your account is easy, and you can pretty much use the same method as the deposit. There are no charging fees mentioned except for fast money transfers for UK clients. The usual processing time for a withdrawal is 3-5 business days, but if you live in the UK, you can ask for a faster transfer ( £2.50 fee for 24-48 hours transfer and £15 for same day transfer). There isn’t any information about lost funds or denied payments around the web, so you can be sure that your money will be handled well.

 

Deposit Bonus and Loyalty Programs
The current bonus offer by LCG is a 10% bonus for deposit amounts from £500 to £100 000. However, this is not a cash bonus, nor it is a cashback promotion. The client will receive only trading credits for the amount of the bonus. The second offer from LCG is their Rebate promotion where you can get certain amounts of money back from losing trades. There is a lot of information about on their website.

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