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.
online brokers show 1 London Capital Group Review, Pros & Cons 2 London Capital Group Overview 3 London Capital Group Regulation 4 London Capital Group Countries 5 London Capital Group Platforms 5.1 LCG Trader 5.2 MetaTrader 4 (MT4) Trading Platform 6 London Capital Group Trading Tools 6.1 News 6.2 Economic Calendar 6.3 Analysis Video 6.4 Technical Analysis 7 London Capital Group Education 7.1 LCG Blog 7.2 Trading Videos 7.3 Trading Guides 7.4 Platform Tutorials 7.5 Trading Glossary 7.6 Webinars & Seminars 8 London Capital Group Instruments 9 London Capital Group Accounts & Fees 10 London Capital Group Support 11 London Capital Group Deposit & Withdrawal 12 London Capital Group Account Opening 13 London Capital Group Summary
London Capital Group Review, Pros & Cons
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 Overview
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 2015 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 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 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 Platforms
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:
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:
Here are some of the features of MT4:
London Capital Group Review – LCG MT4
#1 Best Trading Broker Award 2021 AvaTrade is an award-winning trading broker that is regulated in 6 jurisdictions offering 1250+ instruments across multiple markets & trading platforms for web, desktop & mobile devices. They have low fees, tight spreads & rapid trade execution speeds.
London Capital Group 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.
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
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
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 Education
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.
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.
The trading guides consist of 23 articles grouped as follows:
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
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 Instruments
London Capital Group boasts of over 7,000+ trading instruments across 9 asset classes. Here is a summary of the available markets:
London Capital Group Review – Trading Instruments
London Capital Group Accounts & Fees
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 Support
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 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:
London Capital Group 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 Summary
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.