London capital group forex review

LCG (London Capital Group) Broker Review.

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Our Review of LCG (London Capital Group)

Recognized as one of the largest online trading companies in the United Kingdom, London Capital Group provides services for institutional, professional and private clients. The company represents over 70,00 clients.

One of the reasons why London Capital Group has become so attractive to clients in the United Kingdom is that the firm utilizes an array of effective trading resources, platforms and applications. This includes applications which permit clients to rapidly interact with representatives of the firm via mobile devices, including smartphones, tablets and notebooks. London Capital Group recognizes that speed in conveying information regarding an investment many times makes the difference between profit and loss.

Through these resources and applications, not only can clients quickly execute forex trades and other types of investment transactions, but they can access real time data about the state of different markets -- including foreign currency exchanges.

In addition to representing clients involved in forex trading, London Capital Group also provides services in regard to financial spread betting, CFDs and metatrader investing. CFDs and spread betting represent riskier investments, according to the firm. Founded in 1996, London Capital Group is recognized in the United Kingdom as being a bona fide proprietary trading business.

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LCG Review.

LCG is a trading name of London Capital Group Ltd (LCG), an AIM-listed and FCA regulated organization and one of the UK's leading financial services companies specializing in online trading services. They offer a range of products including FX majors, Precious Metals, Oil and Soft commodities. LCG was founded in 1996 and is located in London.

LCG has won many awards over the last years including Best Mobile Trading Platform at Money AM for 2013 and 2012 and best CFD Provider of the Year by Financial Times/Investors Chronicle for 2011.

In addition, in the past surveys conducted by Investment Trends, LCG has been ranked as the second biggest spread betting and CFD provider in the UK.

There are two different trading accounts at LCG and this requires no minimum deposit for either of them. The Spread betting account offers over 4,000 markets across FX, indices, shares, commodities with tight spreads on a wide range of global markets.

The CFD account allows traders to trade CFDs on over 4,000 different markets with tight spreads on EUR/USD, UK100, Brent Crude and more.

Both accounts can be used as demo accounts for a period of 30 days.

LCG does not accept U. S. clients but corporate, joint or foreign currency accounts can be set up.

LCG offers a wide range of regulated and unregulated trading solutions for retail and professional customers. Retail customers can trade hundreds of global markets including equities, indices and FX using exceptionally low cost CFDs.

Forex traders place their trades through LCG FX, a subsidiary of London Capital and is an established and respected Forex broker offering full access to all the ECN multi bank platforms including Currenex. It offers one of the lowest spreads and commissions in the industry. The commissions are based on instrument and trade size, and are charged in the currency denomination of the trading account. The commission schedule is listed separately for dollars, Sterling and Euros.

LCG prides itself on developing and maintaining partnerships with third parties. They were the very first financial spread betting organization to provide white label solutions of this type to reputable brands.

Clients with Premium service have free access to daily market commentary from the LCG team as well as the industry’s most powerful, award winning technical analysis portal as well as streaming news events and top recommendations on Forex, indices, shares and commodities trading.

A premium client has a dedicated account manager who helps to highlight the key trading opportunities for the day ahead and will assist with any specific requirements to help the trader navigate the markets. The expert personal account manager can place trades received over the phone and share their unparalleled market knowledge to help a trader get the most out of his/her trades.

The educational material offered at LCG includes webinars, videos, ebooks, trading tools and advanced charting. Market analysis is also provided from this site by the leading investment research provider, Trading Central, which covers equity, index, fixed-income, Forex and commodity markets.

LCG Educational Videos.

Through their Digital look feature, technical analysis is provided with up to the minute recommendations on Forex, indices, shares and commodities.

In addition, in-depth analysis on GBP, USD, EUR, JPY and more, market data, news, research, portfolios and watchlists are also part of the Digital look where traders can track market trends and receive live market news in English, French, German and Spanish.

Live market news in English, French, German and Spanish.

Deposits/Withdrawals.

All major debit and credit cards except American Express can be used for depositing funds into a LCG account. Funds can also be transferred securely online or by telephone using a debit or credit card as well as by bank transfers. Surprisingly, checks are also accepted which is somewhat unusual in the brokerage industry.

Withdrawals are made by phone or and funds are deposited back to a credit card or bank account.

Customer Support.

Customer support is available at LCG through telephone and . There is no Chat.

They are open for trading from Sunday 24:00 until Friday 22:00, UK time.

Conclusion.

LCG is a straightforward CFD service provider. The website is clearly presented and user-friendly. I was pleased to see that a demo account is offered but the site does lack educational material such as an economic calendar, market analysis and other useful tools. Also missing was Chat support which is often needed when setting up a trading account.

Advantages.

Demo Account User-Friendly Website.

Disadvantages.

No Bonuses or Promotions.

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Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.

London Capital Group Review – LCG broker Review.

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The LCG was called the London Capital Group. They have capital spreads before. Regardless if the marketing method is unpredictable or is excellent that is not really important to some. What is important is that it is a broker that is based in London and with top notch services. The London stock exchange under the FCA regulation and is well known for having low spreads as well as good MT4 choice. The LCG is a broker that gives network grounded exchange services and products to retail, professional and private investors too. The business is subsidiary of the LCGH in London and they have products like online trading, FX for retail stakeholders and others. The organization team of this company have been in the industry for years now and so they can be a strong partner for newbie and veteran traders. When it comes to the trading platform and software this firm has been offering the traders with flexibility. It is also simple to use with some special features added if it is about personalization. They have 2 choices for you. One is the web based PF for trading and the other one is the exclusive to LCG and there is also the famous MT4 PF which can be downloaded and installed using your PC.

That is to cover for the margin requirements for the traders. The standard account will enable the traders to easily access variety of markets to not more than 4k. In this company, the traders will get a more customized type of trading experience. They can get a premium trading account. In this kind of account, the user can have enough access to the widest variety of trading tools along with a high-quality market analysis too that’s dedicated in giving attention coming from a personal account manager. That is to be able to get the premium services plus of course the £25,000 in their accounts.

When it comes to the spreads and commissions, there is a widely ECN and STP broker too. The spreads in which the traders can get very inexpensive interbank rates. The spreads which are normally billed by the company will depend much on the assets that are traded for. For instance, the minimum spreads on the primary start from 1 pip and for the market indices, the minimum amount of spread may start from .2 pips. The available leverage may depend on the asset and that may range from 1 to 40 to 1 to 300. If you need help from the CSR, the customer support team is available 5 days a week during office hours and that is UK time zone. You can also send s to the staffs, but it is your choice to have a live chat if you need immediate help.

In terms of the features, the LCG is offering the widest variety of well managed and unmanaged trading services both for trade and for professional clients. The retail clients can trade lots of global markets that includes equities along with forex and indices through an incomparable low cost CFD. The forex traders will place their trades using the LCG forex which is a sister of the London Capital and it is also well established and highly respected broker that offers you full access to the ECN multi bank platforms like the Currenex. This one is offering the minimal spread along with commissions in the business.

The directives are normally based on the trade size, instrument and others. They are usually billed in the currency denominations of the account used for trading. The schedule of the commission is normally listed in a separate manner for dollars and others. The LCG takes pride in itself for the development and maintenance of the partnership with the 3rd parties. They were the primary financial spread betting company that gives a white label solutions to a respected brand. The clients with the premium service were given the access to the market commentary on a regular basis from the team and the award-winning portal in terms of trading.

The LCG comes good under the products and spreads category. They have only 3 usual out of the ten products that they have to offer. They are good in FX with number of unusual and very new pairs along with the solid range of commodities, energy and others. They have indices along with shares that are not the finest, but then again, they are not that bad too. Their spreads are good and they are also consistent.

In terms of the interface along with the platforms, the LCG trader platform is quite good. The menus are easy to use and very interesting when it comes to the color combinations. However, the absence of visual pleasure among its rivals is there. They have the tools that can make them the first placer in this category. They also offer the all new analytics suite coming from the trading central. They are very well presented and they were also linked with the quantity of participants. With the use of the MT4 platform available along with the CFD account choice, there is not much that you can ask for coming from this department.

When it comes to the service the customer support is helpful enough the account manager has all the replies to the queries you will throw at him/her. As a whole, this typical sized player in the market today has the right to stay where it is now. They have done a great job in giving numbers of market offers to their traders.

About the spreads and the leverage.

Because this company is full in terms of the ECN and the STP broker, it has a system that perfectly connects to the orders of the clients straight to the market liquidity and its providers. Because of this the market performance might provide the lowest cost, however there might be some slips off when it comes to the limit availability. The site tells the hardship, nonetheless in any case, the spreads are quite competitive. The leverage may differ by the asset option when it comes to the selections. The pairs of currency may be more than 300 to 1, but the indices along with the commodities might start from 100 to 1 in some instances. However, it may also fall lower than 40 to 1 in some instances. The leverage amount will tell the minimum amount of trade which is based on the lot size selection.

To be able to give an orderly implementation at a very affordable cost, the management of the LCG has chosen to go along with the MT4 protocols of the trading platform, which is the most typical arrangement in the business. This fit well with the ECN market use and every person trading through it will be able to use the online guide and the communal of traders will be there to answer the queries or to provide some useful information for the others to use. There are also mobile apps that can be used too. They can also be entitled with the 256 bit SSL technology to make sure that all of the important data will be safely kept.

When it comes to withdrawing and depositing money you can use visa or MasterCard. You have the option to use debit or credit cards, but normally the users want bank or money transfer. The deposit accounts should be in USD, Euro or Great Britain Pounds. Even if there is no minimum deposit amount for the account. Your minimum trade amount will be dependent on various reasons like leverage, asset options and others. The site explains that with samples just so you know how the computation goes. The withdrawal upon request will go through the approval stage and it will be processed in 1 day time. When it comes to the support team, they have what you call the beginner support. The CSR has the capacity to answer all the queries about how to get started successfully.

The LCG still keeps up with the substantial market share of the formal clients along with the 3rd party affiliating arrangements. But when it comes to the specialized trader that seeks for something that is more than what is available without having to spend a lot of money, the LCG is actually waiting for you. You will enjoy low rates, dependable services, good support team and serenity knowing that all of the packages you are looking for are here.

They have a customer support team that will be there to help you out. This company is a good CFD provider. The website is being shown in a user-friendly manner and the users were also happy with the demo accounts that was offered by the site. That is even if they do not have enough educational materials like economic calendar and others.

When it comes to the education material the one that is being offered by the LCG includes some e-books, videos, charting in an advanced manner and even trading tools. The market analysis is being given from the site by the primary investment research offering that actually covers for the fixed income, indexed and others. Using their digital look feature, there is a technical analysis that is normally on condition that with up to minute commendations on the forex and others.

There are nice things about this company. When it comes to the advantages that you can get they have regulated broker, they have quality market analysis, their trading platforms are advanced and highly efficient. They also have a well-established broker with known reputation for providing high quality of service. Some of the disadvantages are imperfect support hours, they do not have spreads that can be adjusted to lower it down and the website is kinda poor when it comes to the layout. They also do not have any support for social trading.

As a whole, even if LCG was focused in spread betting in the past with the current restoration of the focus of the business. They now have a lot of things to offer to retail traders. The traders can now expect premium quality of services, low trading cost, support team that will take care of fun concerns and queries so stress will be lessened in case a threat arise.

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LCG (London Capital Group) profile provided by LondonCapitalGroup, May 12, 2015.

Company name: London Capital Group.

Court cases.

Let other traders know if this service is worth checking or should be avoided.

Your feedback matters!

"Busines us usual" from thieves & fraudsters, that the regulator The FCA tolerates.

Targeting, stop hunting to the highest degree, from this ''leading'' scam company!

Member of a gang!

i take advantage to claim no deposit bonus, unfortunately no bonus, just stolen documents, no chat help desk, no answers by s.

This company is SCAM. These are the real racists. I opened an account there, and sent them my documents - a passport and statement from credit card. The manager called me. I said that I do not speak English. Then he laughed at me and told me to send two other documents. The same my documents I sent more than 100 companies. Everywhere me verified with no problems. I sent other two my documents in LCG. But still, my account is not verified. Then I began get to know some friends about this company. It turned out that one of my friends traded there. When he gained 200% of the deposit, they closed his account and did not pay profit and deposit - 2230 dollars.

LCG is public listed and FCA regulated. I agree Sam comments, they have wider the 100 pips spread during Non Farm Payroll. Please dont open account with them. For those open account with them. please withdraw money.

London Capital Group was trading well, until last week, 2nd Oct during US NFP result. The spread went over 60 pips spread widen on my account. Some of the traders i know experienced 100 over pips spread widen.

firstly who will widen the spread to more than 100 pips ? Well LCG did.

London Capital Group, aka LCG, refuses to withdrawal my money because my previous bank account has been closed. Now, after 1 year and a half, I have opened another bank account and they are trying to scam me.

Mr Jonay De La Vega Herrero wrote me "it is our obligation to comply with international anti-money laundering guidelines given by our regulator" and also wrote "Please note that this is already stated in the Terms and Conditions you agreed to when you opened your account. Please follow the link below and look at section 8. Fees and Payments, point 10", that says:

I signed up with them on their lite platform, because it was advertised as a currenex platform I thought I would have no problems getting filled during volatite periods when the market moves quickly - but it was rejected on every occasion. The lite platform may be developed by currenex but the feed is not the direct bank liquidity type, it is their own feed. The pro package is the "proper" currenex type. The customer service is very good.

Getting more and more problem with execution. It is very difficult to get in during news. During quiet market can be considered as good. When they will be back at good level like 9 months ago, I will add 1 or 2 more stars.

Hello everybody. I have to mention that I have notice that many traders complain in general that is very dificult to trade the news because MM(market makers) tend to widen considerably the spread just before and while big announcements. One of the solutions is to switch to an ECN. CAPITAL FOREX offers ONLY ECN solutions thru mainly 4 ECN platforms(CURRENEX, HOTSPOTFXI, LAVAFX, BAXTERFX)in addition CAPITAL FOREX is a REAL SECOND TIER Broker providing access to these platforms thru a PB(Prime Brokerage)relationship with several different major banks. It s pool of liquidity is very deep and there is no Dealing Desk. I have to say that is one of the only few real brokers offering real access to state-of-the-art platforms such as Currenex. The only inconvenience is the intial capital which is USD 35000 or currency equivalent. I have to say that in terms of execution, customer service, etc everything could not be better. So I am giving this broker 5 stars.

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