Is London Capital Group a Scam

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Contents

Is London Capital Group a Scam?

Is London Capital Group a Scam?

When a company has been a part of the online trading industry for more than 20 years, to pose a question such as the one from the title of this article seems a bit redundant. However, you know that our practice is to always take a look at the security system of the broker we’re investigating and this one is no exception. Think of this article as a testament to LCG’s reliability. We will show you how everything works on this website and why this company is so successful. There is absolutely no reason to worry about is London Capital Group a scam or a reliable trading partner. Why? Read on and everything will become clear very quickly.

Is London Capital Group a scam? | LSE and FCA

We will start our text by mentioning the fact that this broker is listed on the London Stock Exchange, which can immediately tell you a lot about how professional this company is. What is even more important, though, is the fact that London Capital Group is regulated by the Financial Conduct Authority. Their registration number is 182110, so you can head on to the FCA’s website and check everything out there for yourself. It should be mentioned that the FCA is one of the most important, if not the most important regulatory body in the UK and that they oversee more than 56000 firms dealing with finances, all in order to make sure traders like you are well protected. Still wondering is London Capital Group a scam or not? Don’t worry; we have more.

London Capital Group Regulation

Is London Capital Group a scam? | Latest technology

As you can read in our London Capital Group Review 2020, this broker offers many different money transfer methods. When it comes to your personal information used in these processes, it will be encrypted using the very latest encryption technology. Furthermore, if you decide to use credit cards, you should know that those transactions are protected by the 3D Secure systems, including Verified by Visa and MasterCard Secure Code. As for the other parts of the website, the support team is absolutely fantastic and always ready to help, and the trading platform is constantly updated, executes your orders in a blink of an eye and provides a superb trading experience to anyone who decides to trade here. We are absolutely certain that no kind of LCG fraud or scam can happen to you here. You are, without any doubt, in excellent hands.

London Capital Group MT4

Is London Capital Group a scam? | Conclusion

So, is Londong Capital Group a scam? After an article like this, we believe that there is really no need to ask that. This is one of the most professional and most reliable brokers you can find in this whole industry right now and if you’re looking for a trading partner you should look no more. A member of the London Stock Exchange, regulated by the FCA and the very latest technology, London Capital Group is one of the safest companies in the world of CFD and forex trading. Open an account with them now!

London Capital Group Review 2020

London Capital Group Guide

London Capital Group are an online broker founded in 1996 offering Forex trading, CFDs trading, and Spread Betting trading.

London Capital Group are a global broker and have a head office in UK.

London Capital Group have a listed stock symbol. This means that London Capital Group have publically listed and you can officially buy shares in London Capital Group on one of the worlds global market exchanges.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of London Capital Group we break down the pros and cons. What London Capital Group are able to offer, what countries London Capital Group are available in. Who London Capital Group are regulated by and more.

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Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with London Capital Group

Your capital is at risk

At the bottom of this review you can also learn about some pretty good alternatives to London Capital Group

With this review we hope to help you see if London Capital Group is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding London Capital Group that will help you get off to a good start in the world of online trading.

London Capital Group Review Table of Contents

London Capital Group what you should know

London Capital Group offer three ways to trade: Forex, CFDs, Spread Betting.

With London Capital Group you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with London Capital Group platform.

London Capital Group are able to accommodate various levels of traders whether you are experienced or a beginner.

Are London Capital Group safe?

When choosing a broker like London Capital Group the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1996, and in operation for 24 years London Capital Group have a head office in UK.

London Capital Group is regulated. This means London Capital Group are supervised by and is checked for conduct by the Financial Conduct Authority (FCA) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to London Capital Group, this will be honored. If London Capital Group violate any regulatory rules their regulated status could be stripped.

Any payments funded to London Capital Group accounts by traders are held in a segregated bank account.

For added security London Capital Group use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with London Capital Group. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker LCG eToro XTB IC Markets
Year Established 1996 2006 2002 2007
Head Office UK Cyprus, UK Poland Australia
Regulation Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 12,000,000+ 250,000+ 60,000+
Negative balance protection Yes No Yes Yes
Guaranteed Stop Loss Yes No Yes No
Learn More Visit London Capital Group Visit eToro Visit XTB Visit IC Markets
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits

London Capital Group Pros and Cons

What we like about London Capital Group

  • Used by over 10,000 traders
  • Established in 1996
  • Regulated by Financial Conduct Authority (FCA)
  • Min. deposit from $100

What we don’t like about London Capital Group

  • Doesn’t offer VPS (See alternatives)
  • Not CySEC Regulated (See alternatives)

London Capital Group Financial Regulation and Supervision in more detail

We have checked and London Capital Group is regulated and supervised by reputable organisations. You are able to check every London Capital Group supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with London Capital Group. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client’s investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect London Capital Group traders and provide a safe trading environment.

London Capital Group is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as London Capital Group you should be sure they’re legitimate online agent.

London Capital Group Awards

London Capital Group have won numerious industry awards over the 24 years they have been operating as a financial broker. We list the most notible awards and mentions for London Capital Group below.

  • City of London Wealth Management Awards Best Spread Betting Provider 2020
  • Shares Awards Best Mobile/Tablet Trading Application 2020
  • UK Forex Awards Best Forex Fundamental Analysis Provider 2020
  • Online Personal Wealth Awards Best use of social media 2020
  • UK Forex Awards Forex Innovator of the Year 2020
  • Online Personal Wealth Awards Best platform Capital Spreads 2020

London Capital Group General Fees

  • London Capital Group doesn’t charge withdrawal fees
  • London Capital Group doesn’t charge inactivity fees
  • London Capital Group doesn’t charge deposit fees
Broker LCG eToro XTB IC Markets
Min Deposit 100 200 0 200
Withdrawl Fees No Yes varies No
Inactivity Fees No Yes No No
Deposit Fees No No No Varies
CFD Commission Fees Yes (0.1% – 0.25%) No Yes Yes

London Capital Group Commissions

  • London Capital Group does charge commission on CFD instruments.

What can you trade with London Capital Group?

You can trade a wide variety of instruments with London Capital Group over 100 instruments infact.

If you are looking at trading currency pairs London Capital Group offer over 70 currency pairs.

Broker LCG eToro XTB IC Markets
Instruments Available 100 100 1,500 232
Platforms MT4, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
FX / Currencies Visit London Capital Group Visit eToro Visit XTB Visit IC Markets
Forex pairs offered 70 50 50 65
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit London Capital Group Visit eToro Visit XTB Visit IC Markets
Commodities Offered 10 0 21 19
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural Yes Yes Yes Yes
Indiced & Stock CFDs Visit London Capital Group Visit eToro Visit XTB Visit IC Markets
Stocks Offered 957 1696 100
UK Shares Yes Yes Yes No
US Shares Yes Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes

Trading on London Capital Group web platforms and other applications

London Capital Group offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

London Capital Group also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

London Capital Group Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

London Capital Group Trading Accounts Offered :

  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • STP account
  • Islamic account

Can I try London Capital Group before I buy?

London Capital Group offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

London Capital Group withdrawl and funding methods.

London Capital Group offer the below funding payment methods. learn more about London Capital Group

  • Credit cards
  • Bank Transfer
  • Skrill
  • Payoneer
  • Neteller
Broker LCG eToro XTB IC Markets
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill Yes Yes Yes Yes
Payoneer Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with London Capital Group?

When opening a trading account with London Capital Group, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on London Capital Group trading platforms here.

Performing trades with London Capital Group

London Capital Group allow you to execute a minimum of trade of £0.50. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As London Capital Group offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As a nice bonus, London Capital Group are one of very few brokers that claim to have no requotes, so you don’t have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the instruments.

London Capital Group also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by London Capital Group here.

London Capital Group Leverage and London Capital Group CFDs Explained

let’s take a look at some of the basics of using London Capital Group leverage.

London Capital Group offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

London Capital Group leverage magnifies both profits and losses when trading.

Let’s say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the London Capital Group trading platform.

let’s say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It’s grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The London Capital Group leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

London Capital Group CFDs are typically used for short to medium term trades. For example London Capital Group intraday trading.

Limiting Your Risk When Trading with London Capital Group Negative Balance Protection

We should say something about negative balance protection with London Capital Group. When trading using leverage an adverse move could result in losing more than your trading account balance at London Capital Group. Your London Capital Group account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with London Capital Group Stop Loss, London Capital Group Stop Limit Orders

A stop-loss order is an order placed with a broker like London Capital Group to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at London Capital Group

To trade effectively with London Capital Group, it’s important to get a have a good understanding of the London Capital Group trading tools and the markets.

London Capital Group offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with London Capital Group.

Take time to look around the London Capital Group platforms and train yourself to think more systematically and logically about the markets. It’s a new skill-set for many, but it is what the market requires of you.

Customer Support at London Capital Group

London Capital Group support a wide range of languages including English, Russian, Malaysian, Korean, Swedish, German, French, Indonesian, Turkish, Norwegian, Chinese, Italian, Arabic, Portuguese, Spanish, Polish, Thai, and Vietnamese.

London Capital Group have a triple AAA grade support rating because they offer a wide range of languages, live chat, email and phone support.

London Capital Group customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

Livechat Support at London Capital Group

We tested the London Capital Group live chat and it works well. We sent messages to London Capital Group livechat through their app and website and recieved a response within 3 minutes.

We tested communicating with London Capital Group support in multiple languages in multiple countries. London Capital Group where able to quickly resolve our customer issues.

Email Support at London Capital Group

We sent several emails to London Capital Group and answer times overall were excellent. The fastest response from London Capital Group was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with London Capital Group, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from London Capital Group.

Phone Support at London Capital Group

We called London Capital Group and the call was answered very quickly. The call was answered in less than 1 minutes.

The London Capital Group phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual London Capital Group team by calling in varying languages. London Capital Group made an effort to make sure our queries were answered.

Overall great phone support from London Capital Group.

See how London Capital Group Support Compares Against Other Brokers

Broker LCG eToro XTB IC Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Russian, Malaysian, Korean, Swedish, German, French, Indonesian, Turkish, Norwegian, Chinese, Italian, Arabic, Portuguese, Spanish, Polish, Thai, and Vietnamese. English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Learn More Visit London Capital Group Visit eToro Visit XTB Visit IC Markets
Risk Warning Your capital is at risk 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits

What you will need to open an account with London Capital Group

As London Capital Group is regulated by Financial Conduct Authority (FCA), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore London Capital Group’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with London Capital Group you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.LCG.com on 12th August 2020.

Is London Capital Group A Good Broker?

We spent over 3 months examining London Capital Group in depth. Although we found some very useful aspects of the London Capital Group platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative London Capital Group broker.

  • London Capital Group have a good track record of offering Forex, CFDs, Spread Betting.
  • London Capital Group has a history of over 24 years.
  • London Capital Group has a reasonable sized customer support of at least 10.
  • London Capital Group are regulated by Financial Conduct Authority (FCA). This means London Capital Group fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • London Capital Group have regulation from a Tier 1 reputable country.
  • London Capital Group has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • London Capital Group have an international presence in multiple countries. This includes local London Capital Group seminars and training.
  • London Capital Group are able to hire people from various locations in the world who can better communicate in your local language.

London Capital Group Risk Disclaimer

Your capital is at risk

London Capital Group not quite right?

Check out these London Capital Group Alternatives

We have spent years researching the best alternatives to London Capital Group. Click the links below to learn more.

If you feel some of the above London Capital Group are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of London Capital Group alternatives below.

If you would like to see how London Capital Group stands up against other brokers you can read some of our London Capital Group comparisons below. We compare side by side some of our top rated London Capital Group versus comparisons. Read some indepth London Capital Group VS pages below.

LONDON CAPITAL GROUP Frequently Asked Questions

Can I try London Capital Group before I buy?

London Capital Group offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do London Capital Group accept?

London Capital Group offer the following funding payment methods accept Credit cards, Bank Transfers, Skrill, Payoneer, Neteller, Wire Transfer, among other payment methods.
Learn more here

Is London Capital Group safe?

London Capital Group are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA). Any payments funded to London Capital Group accounts by traders are held in a segregated bank account. For added security London Capital Group use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is London Capital Group trading good?

London Capital Group is considered good and reputable to trade with. London Capital GroupLondon Capital Group is used by over London Capital Group active traders. London Capital Group offers Forex trading, CFDs trading, and Spread Betting trading. Minimum deposit with London Capital Group is mindeposit.

Is London Capital Group trading Legit?

London Capital Group was founded in UK in 1996. London Capital Group has been facilitating trade on the financial markets for over 24 years. London Capital Group offers clients Forex trading, CFDs trading, and Spread Betting trading. All funds deposited to London Capital Group are held in segregated tier 1 bank accounts for security. London Capital Group is regulated by Financial Conduct Authority (FCA) so can be considered legit.

Is London Capital Group a good broker?

London Capital Group is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker.London Capital Group allows Forex trading, CFDs trading, and Spread Betting trading.

Is London Capital Group trustworthy broker?

London Capital Group can be considered trustworthy. All money funded to London Capital Group is placed into a segregated tier 1 bank account. this means your money in not held by London Capital Group directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also London Capital Group is regulated by Financial Conduct Authority (FCA).

What is the minimum deposit for London Capital Group?

The minimum deposit to trade with London Capital Group is 100.

How long do London Capital Group withdrawals take?

Withdrawing money from London Capital Group processing time varies but averages 2-5 days.

Is London Capital Group regulated?

London Capital Group is regulated by Financial Conduct Authority (FCA).

Is London Capital Group a market maker?

London Capital Group is a market maker. Stocks, currency and other commodities and instruments will be purchased by London Capital Group even if no buyer is lined up.

How can I start trading with London Capital Group?

When opening a trading account with London Capital Group, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on London Capital Group trading platforms here.

Is my money safe with London Capital Group?

London Capital Group is regulated by Financial Conduct Authority (FCA). One of the most important criteria for traders when choosing a broker like London Capital Group is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to London Capital Group, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is London Capital Group a con?

London Capital Group is regulated and well established having been in business for over 24 years. London Capital Group is definitely not a con.

Can you make money with London Capital Group?

Although traders have had great success with London Capital Group. Trading on the financial markets with London Capital Group is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does London Capital Group have fees?

London Capital Group doesn’t charge withdrawal fees. London Capital Group doesn’t charge inactivity fees. London Capital Group doesn’t charge deposit fees.

When was London Capital Group founded?

London Capital Group was founded in 1996.

How many people use London Capital Group?

London Capital Group is used by over 10000 registered traders.

What is London Capital Group Headquarters country?

London Capital Group has its head quarters office in UK.

Does London Capital Group offer negative balance protection?

London Capital Group offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does London Capital Group offer guaranteed stop loss?

London Capital Group offers guaranteed stop loss protection. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does London Capital Group allow scalping?

London Capital Group offers scalping.

Does London Capital Group allow hedging?

London Capital Group offers hedging.

Does London Capital Group offer CFD trading?

London Capital Group offers CFD trading.

Does London Capital Group offer STP?

London Capital Group offers STP trading.

How many people use London Capital Group?

London Capital Group is used by over 10000 traders.

Is London Capital Group an ECN broker?

London Capital Group offers ECN trading.

Does London Capital Group offer a demo account?

London Capital Group offers a demo account.

Does London Capital Group offer an Islamic account?

London Capital Group offers a Islamic accounts.

What are the funding methods for London Capital Group?

London Capital Group accept the following funding methods : Credit cards, Skrill, Payoneer, Neteller, Bank Transfer.

London Capital Group review written by Andrew Blumer and Mark Hansen

We hope you found our review of the London Capital Group brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD’s, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

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COPYRIGHT © 2020. ALL RIGHTS RESERVED. Compare Brokers

Please note that Comparebrokers.co may have financial relationships with some of the merchants mentioned here and may be compensated if consumers choose to click the links located throughout the content on this site.

RISK WARNING: Your capital is at risk. Trade with caution, these products might not be suitable for everyone so make sure you understand the risks involved.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Some of the links on this websites articles and comparison tables are affiliate links, which means we receive a commission should open an active account. This does not increase the cost to you for using a broker and is how the site is funded and covers the costs of running this website. The information contained in this website is for informational purposes only and does not constitute financial advice. The material does not contain (and should not be construed as containing) investment advice or an investment recommendation, or, an offer of or solicitation for, a transaction in any financial instrument.

London Capital Group Review 2020

London Capital Group (LCG) is an online Forex and CFD broker that offers over 7,000+ trading instruments via the MT4 & LCG platforms. They provide market research, trading tools and indepth analysis, but their fees are not the cheapest when compared to other online brokers.

London Capital Group Review 2020, Pros & Cons
  • Strict regulation from 3 jurisdictions
  • Technical analysis courtesy of ‘Trading Central’
  • State-of-the art platforms loaded with trading & analytical tools
  • Over 7,000+ tradable assets
  • No fixed spread accounts
  • ECN trading is limited to traders with $10k+ capital
  • Traders from Australia, Belgium, Canada, New Zealand, Singapore & United States are not allowed to register for LCG services
  • Not the cheapest commissions/fees

In this detailed London Capital Group review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

London Capital Group is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including London Capital Group.

London Capital Group Review: Summary

Established in 1996, London Capital Group (LCG) is an experienced online trading brokerage. The LCG headquarters is in London but they have offices in Cyprus and the Bahamas.

The brand provides access to trade over 7,000 forex and CFD instruments via its online trading platforms. The broker currently boasts of $1 billion in clients’ deposits and claims to have executed over $20 trillion worth of trades.

London Capital Group is an STP/ECN broker that offers competitive spreads and execution speeds. The brand offers two sophisticated platforms; LCG Trader platform and the ever popular MetaTrader 4 (MT4) platform.

LCG has won over 12 online broker awards. These include ‘the forex innovator of the year’ which was given at the 2020 UK Forex awards. Other awards are in the areas of spread betting, trading platforms and comprehensive provision of fundamental analysis.

London Capital Group Review – Broker Awards

London Capital Group Review: Regulation

LCG Capital Markets Limited (LCG BHS) is a company registered in the Commonwealth of the Bahamas with the reg. No: 200271B. It is authorised and regulated by the Securities Commission of Bahamas (SCB) with License No: SIA-F194.

London Capital Group Limited is registered in England and Wales with Reg No: 3218125. It is regulated by the Financial Conduct Authority (FCA) with the license number 182110.

London Capital Group (Cyprus) Limited is registered in Cyprus with the registration number 356430. It is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with the license No. 341/17.

All investors’ deposits are carefully kept in segregated bank accounts in compliance with the regulatory provisions. These accounts are opened with the top rated European banks that are well capitalised with proven records of reliability. London Capital Group financial records are properly audited and submitted to the regulatory authorities as at when due.

The LCG websites and trading platforms are protected using the Secured Socket Layer (SSL) technology which is the industry standard. SSL encrypts all data transmissions to the LCG servers, thereby preventing interception by internet fraudsters.

The European clients are further protected by the LCG membership of the Financial Services Compensation Scheme (FSCS) and the Investors Compensation Fund (ICF). Eligible clients within the FCA regulated jurisdiction are entitled to FSCS compensations up to £85,000 if LCG becomes insolvent. Also, eligible clients within the CySEC region can receive up to €20,000 ICF compensation if LCG goes bankrupt.

London Capital Group Review: Countries

London Capital Group does not allow registrations from residents of the following countries: Australia, Belgium, Canada, New Zealand, Singapore and United States. Some London Capital Group broker features and products mentioned within this London Capital Group review may not be available to traders from specific countries due to legal restrictions.

London Capital Group Review: Trading Platforms

LCG Trader

This is the proprietary trading platform from LCG. The platform is a customised version of the popular cTrader. The platform is web based and works on multiple devices and operating systems. Here are some of its features:

  • It is a user-friendly platform suitable for all levels of trader.
  • It gives access to trade over 7,000+ trading instruments in different asset classes.
  • Supports low latency trading leading to ultra swift executions.
  • Supports mobile trading via Android and iOS applications available in their respective app stores.
  • Can be customised for price alerts via pop up, SMS and email.
  • It has six chart styles that can be displayed on 14 standard or 27 tick timeframes.
  • Multiple order types including limit order, stop order, and stop limit order, etc.
  • Over 60 technical indicators for conducting in-depth market analysis.
  • Inbuilt economic calendar for fundamental analysis.
  • Analysis from Trading Central streams on the platform.
  • News updates powered by FXStreet.

London Capital Group Review – LCG Trader

MetaTrader 4 (MT4) Trading Platform

London Capital Group states that “the MT4 is still the gold standard in online trading”. The MT4 platform is a popular, tested and respected trading platform widely used by numerous traders all over the world. LCG provides the MT4 platform as follows:

  • MT4 Desktop terminal: This is the MT4 version that can be downloaded and installed on a windows computer. It is the main version that supports extension softwares and add-ons.
  • MT4 WebTrader: This is the online version of the MT4 that runs on web browsers. It is accessible from any device and any operating system.
  • MT4 Mobile: The MT4 platform is developed for iOS and Android devices. The apps can be downloaded from their respective app stores.
  • MT4 Multiterminal: This is the MT4 version specially designed for money managers who can manage several accounts from a single account.

Here are some of the features of MT4:

  • It is intuitive, fast and easily customisable.
  • It integrates the LCG price movement technology which displays quotes of over 7,000+ instruments in real time.
  • It has 3 inbuilt charts; line, bar and candlesticks which displays the assets prices in 9 timeframes from M1 to MN.
  • It supports one-click trading and trading from the charts.
  • It comes preloaded with 30 technical indicators and 24 analytical tools.
  • It supports the automation of trades by using Expert Advisors (EAs).
  • It gives access to the MetaTrader markets where traders can purchase EAs, indicators, signals and other trading tools to extend the MT4 features.
  • Price alert notifications.

London Capital Group Review – LCG MT4

London Capital Group Review: Trading Tools

Financial Market research and analysis is updated daily on the website by London Capital Group analysts. It analyzes the market news, trading instruments and gives expert opinions of various market movements as well as trading ideas.

Economic Calendar

This is the online calendar that shows the dates and times of global events as well as their predicted impacts on currencies. The calendar is customisable to reflect only the traders’ favourite currencies, time zone, dates, etc.

London Capital Group Review – Economic Calendar

Analysis Video

This consists of market insights and ‘the week ahead’ videos. Unfortunately, these market insight video updates are not frequently updated.

London Capital Group Review – LCG Market Insights

Technical Analysis

LCG has partnered with ‘Trading Central’ to bring expert technical analysis to all its clients. It is accessible from the clients’ area of the website and also on the LCG trading platform. Trading Central is a renowned financial research and analytical firm that provides in-depth technical analysis, charting and trading strategies.

London Capital Group Review – Trading Central Analysis

London Capital Group Review: Education

LCG Blog

This section of the website gives vital information to traders on best practices, technical indicators and general trading knowledge. The blog articles are written by London Capital Group experts. The blog is unfortunately not frequently updated.

Trading Videos

The LCG website contains a modest set of training videos. The videos aim to teach fundamental and technical analysis, charting and also some general trading tips. The videos are short and delivered by a presenter from LCG TV.

Trading Guides

The trading guides consist of 23 articles grouped as follows:

  • Introduction to trading: These articles explain CFDs, cryptocurrencies, forex signals, forex and financial markets.
  • ‘How to’ Guides: The articles in this category look at how to invest in forex, share CFDs, trade options, trade Cannabis share CFDs, etc.
  • Customer Support Guide: These guides explain how to; open LCG accounts, demo account, swap-free account, apply indicators to a chart, etc.

Platform Tutorials

These tutorials consist of 12 videos on how to use the LCG trader platform and 10 videos on how to use the MT4 platform. It teaches traders how to place trades, use indicators, customise the platform, etc.

London Capital Group Review – Platform Tutorials

Trading Glossary

A trading glossary is provided to give quick explanations to trading terminologies which some clients might not be conversant with. It contains over 130 terms and their definitions.

Webinars & Seminars

Webinars are scheduled on the website every week. It is facilitated by LCG in-house experts. The webinars examine a range of topics such as market analysis, trading education, trading platforms, etc. Seminars are promoted on the website but there are no schedules and no records of previous seminars.

London Capital Group Review: Trading Instruments

London Capital Group boasts of over 7,000+ trading instruments across 9 asset classes. Here is a summary of the available markets:

  • Over 60 major, minor and exotic forex currency pairs
  • 2 Spot metals
  • Over 20 indices
  • 15 Commodities
  • Over 4,000 share CFDs from USA, UK and EU countries.
  • 9 Bonds
  • Over 500 ETFs
  • Vanilla Options

London Capital Group Review – Trading Instruments

London Capital Group Review: Trading Accounts & Fees

  • Classic Account: There is no minimum deposit required. The maximum leverage is 1:500 and the average spread is 1.45 pips for the EURUSD pair. European retail accounts are offered a maximum leverage of 1:30 while Professional accounts get 1:500.
  • ECN Account: clients are required to maintain a minimum balance of $10,000 to qualify for the ECN account. The spreads start from 0 pips for the EURUSD pair. A commission of $10 per lot is charged on the MT4 platform while $45 per $1,000,000 traded is charged on the LCG trader platform.

Swap free Islamic accounts are available on request from the support team. Demo accounts are also available at no costs and allow traders to test the different platforms and LCG services before opening a real trading account.

As broker fees can vary and change, there may be additional fees that are not listed in this London Capital Group review. It is imperative to ensure that you check and understand all of the latest information directly from London Capital Group before opening a trading account with this brokerage.

London Capital Group Review: Customer Service

The London Capital Group customer support team opens for business from Monday to Friday from 5:00 to 22:00 GMT. They can be reached on phone, email, instant web chat and a web form titled ‘Submit a Question’. On the social media, LCG is on Facebook, Twitter, LinkedIn, YouTube and Instagram.

London Capital Group Review: Deposit & Withdrawal

London Capital Group does not charge for deposits and withdrawals except in cases where the payment processors impose their charges. It will then be passed to the client. Here are the payment options available:

  • Bank Transfer: LCG processes bank wire transfers within a day but delays might be caused by the sending or receiving bank. Once the money reaches LCG accounts, it is posted to the trader’s account on the same day.
  • Debit/Credit Cards: Card payments are usually processed within 30 minutes. Deposit fees of 2% are charged on credit cards while debit cards are free. Visa, Mastercard and China UnionPay are the accepted cards.
  • Online Payments: The accepted online payments are Skrill and Neteller. Deposits are processed within 30 minutes while withdrawals take one business day. Online transactions attract no charges.

London Capital Group Review: Account Opening

It only takes a few minutes to open a live trading account. Click on the button ‘Open Live Account’ found on the top right hand side of the LCG website.

London Capital Group Review – Account Application Form

Fill the 2-page form that displays. It requires personal details, contact details and trading experience questions. Accept the declarations and continue. You will be automatically logged into ‘My LCG’; which is the clients’ area of the website. This is where the trader can do a lot of things like create new accounts, make payments, upload verification documents, etc.

London Capital Group Review – Clients Area

London Capital Group Review: Conclusion

London Capital Group is an award-winning broker that has celebrated over 20 years of existence in the online trading brokerage industry. It is well capitalised and regulated in the jurisdictions where it operates. The broker mus also comply with security standards as well as the regulatory directives.

London Capital Group provides access to trade over 7,000+ trading instruments which is commendable as it gives traders a wide choice of assets. The combination of MT4 and the LCG trader platforms gives traders flexibility. Both platforms offer sophisticated tools for trading and analysis. Technical analysis provided via ‘Trading Central’ can assist traders with daily market analysis and trading decisions.

LCG also cater to new traders with several training articles and videos as well as the demo accounts. Also, the classic account has no capital restriction allowing traders to decide how much they are willing to risk.

However, online traders who wish to use an ECN trading environment will have to deposit $10,000 before they can gain access to it. This is a vast amount especially when compared to other brokers that give access to ECN trading with as little as $200 or even less.

In summary, London Capital Group is a regulated and experienced online broker that provides competitive online trading conditions although the fees are not the cheapest.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Min $1 Deposit

London Capital Group (LCG) is an online Forex & CFD broker that offers over 7,000+ trading instruments via the MT4 & LCG platforms. They provide research, tools & market analysis but fees are not the cheapest.

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