LCG Broker Review

 

London-based forex contracts for difference (CFDs) broker London Capital Group has consolidated its brands Capital Spreads and London Capital Group under a single global brand LCG, online finance.

If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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London Capital Group (LCG), is a well-established online trading brokerage with over 20 years of experience in the financial trading industry. LCG is owned and operated by London Capital Group Limited and are headquartered in the United Kingdom at 77 Grosvenor Street, Mayfair, London, England, W1K 3JR.

Both trading platforms support iOS and Android trading apps, which are available for download and installation on most mobile devices. LCG offers new clients a choice. Trading with a standard account means a trader only needs to deposit the required amount to cover their own margin requirements. The standard account provides access to more than different markets.

A premium account offers a much more personalized trading experience, but it does require a sizeable investment. Should you be able to invest this sort of amount it will give you access to a variety of trading tools, superior market analysis, and the services of a dedicated personal account manager.

It is not a cash bonus, but takes the form of trading credit. Certain terms and conditions apply to this offer, and they can be found on the LCG website.

For regular customers there is a cashback programme that is currently running. LCG rewards loyal customers with rebates for high trading volumes, providing you are able to meet monthly notional volume requirements for indices, commodities, and Forex. However, we aim to make this decision easy for you, which is why we analyze every aspect of the broker and lay it all out for you in our in-depth review. The regulatory status of an online trading brokerage is one of the most important aspects of a broker because it shows whether they can be trusted and generally ensures a safe, transparent and fair online trading environment.

Furthermore, the brokerage is also regulated by the Cyprus Securities and Exchange Commission CySEC , which enables them to provide their services internationally, adding to their regulatory coverage. All in all, London Capital Group is a highly regulated online trading brokerage that is authorized to provide trading and investment services around the world. LCG is a trusted and reliable online trading brokerage that serves thousands of clients from around the world.

This protects the funds of clients registered under the CySEC in the event of broker insolvency, cease of services, or fraud or theft. All in all, LCG can be trusted to provide reliable trading services as they have been competently doing so for over 20 years. LCG features not one, but two highly sophisticated trading platforms that have been awarded for their functionality and usability.

An overview of these platforms can be seen below. This proprietary multi-asset trading platform is web-based and is compatible with all desktop computers and mobile devices via all common web browsers. The platform is best known for its lightning-fast execution speeds and advanced charting capabilities. Traders can participate in one-click dealing directly from the charts, have access to over 70 technical indicators, numerous drawing and analysis tools, various chart types and time frames, and a customizable trading interface.

The platform is an excellent trading solution for both beginner and experienced traders and is highly advanced yet intuitively designed. The MT4 trading platform can be downloaded for free on Windows, Mac, and Linux desktop operating systems. The platform provides very advanced functionality and features such as algorithmic trading and advanced charting capabilities. Additionally, the platform is very user-friendly, safe and secure. All in all, the MT4 platform is very well equipped and designed to provide an exceptional trading experience for every kind of trader.

LCG provides their traders with two different mobile trading applications that can be downloaded for free from the Apple App Store and the Google Play Store. Both trading applications have been fully optimized to operate on mobile devices and they feature much of the same functionality as the desktop platforms. For instance, traders can manage their accounts and orders from their mobile device. As well, they can perform basic technical analysis, one-click trading, maintain watch lists, receive alerts, and more.

The LCG trading brokerage features an extensive number of tradeable assets across various world markets. For instance, traders have access to over 7, investable products across 9 different asset classes.

Below you can find a quick overview of these tradable markets and what LCG has to offer. London Capital Group offers 4 different trading accounts to accommodate the needs of every kind of trader. See a quick overview of these account types below. The fees and commissions imposed on traders are very reasonable and competitive when compared with industry standards. LCG charges their traders both commissions and spreads, depending on what is being traded.

As for the rest of the spreads, fees, and commissions, they can be found in detail on the LCG website. The ECN account also provides more favorable margin rates in terms of maximum trade sizes than the Classic account, where the tiered margin levels are more restricted.

Overall, the ECN account has an all-round advantage, but the high minimum account balance required makes the Classic account an easier choice for those on a tight trading budget. For our Forex Review, customer service phone tests were conducted over three months.

The data collected is institutional grade. On average, three questions were asked for each test. To score each test, the tests were divided into three separate groups and scores were given for the time taken to connect with each support representative and the ability of each representative to professionally and thoroughly answer each question.

A Net Promoter Score was also given for the overall experience. There are also weekly webinars in which LCG staff conduct market analysis, helping to keep traders up to date on developments.

LCG also integrates research from third-party providers such as FXStreet to help power its economic calendar, and for traders with Premium Client status LCG offers Trading Central, which offers technical analysis, chart patterns, trade recommendations and signals.

In addition, Trading Central is available from within the account management portal for live account holders, providing traders access to premium research tools. Live account holders also get access to streaming news in the platform powered by ShareCast.

LCG finished 15th out of 43 brokers for Research in our Review. To learn more about Spotware Systems platform, read our cTrader guide. While MT4 comes standard with little that varies from broker to broker on the surface of the platform, there can be significant differences in how the platform is set up when it comes to trading spreads and commissions, the available execution method, and other tools, features, and administrative areas that can affect your trading experience.

To learn more about MT4, read our MetaTrader guide. The cTrader suite includes related trading applications from the developer, such as the cAlgo and cMirror platforms, where cAlgo is used for automated trading and cMirror is a social copy-trading platform, which can also be used at LCG.

Charting within the LCGTrader platform is one of the main attractions of the software as users get plenty of drawing tools and a good range of 64 indicators that are available by default. Overall, there has been a lot of attention to detail across the LCGTtrader platform, as can be seen in the number of subtle features available, the range of layout customizations, and the scope of tools the software comes with by default, including over 60 indicators and drawing tools in the integrated charting module.

While not many brokers offer both MT4 and cTrader, LCG is at an advantage by being able to provide traders both options. To learn more about MT4, read our guide to MetaTrader.