London Capital Group Review [year]

Editor’s Verdict

Overview

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.

Accounts

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.

Features

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 Spreads

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.

Education

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 email and funds are deposited back to a credit card or bank account.

Customer Support

Customer Support Methods
Support Hours	8:00-19:00
Website Languages	EN ES IT DE PL

Customer support is available at LCG through telephone and email. 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.

Features

London Capital Group has been around a long time and has constantly upgraded and updated their website. They currently offer three other sites for specific trading possibilities—Capital Spreads for their Spreadbetting and CFD’s, LCGFx for Forex trading and LCGMT for combined Forex, commodities and Indices trading. This was somewhat confusing at first and the differentiation, if any, is not really described anywhere.

The features vary slightly on each site but generally speaking, London Capital Group seems to cover all trading possibilities.

Platforms

London Capital Group uses several different trading platforms:

LCG Trader

The LCG Trader is an intelligent platform with price improvement technology that offers leading industry pricing across a wide range of markets.

It offers a world class charting package for outstanding performance.

Mobile

Powerful mobile apps let you trade on all your devices

The powerful mobile app at LCG can be downloaded with ease and can be used wherever you are whenever it is needed. Trade Forex, indices, shares and commodities direct from your mobile

The mobile app offers cutting-edge apps delivery, and provides full charting package, news, analysis tools and more. The interface is totally customizable.

MetaTrader 4

The popular MetaTrader 4 trading platform offers retail customers the opportunity to trade Oil, Forex, Indices, Silver and Gold. The MetaTrader 4 is an independent trading platform, developed for trading FX, Commodities and other products based on futures contracts and is one of the most advanced and easy platforms to use.

In addition to the wide range of markets available to trade, the MT4 platform provides traders with a multilingual interface, instant execution, built in help guides for MT4 and MetaQuotes Language 4, a complete technical analysis package including a wide range of in-built indicators and charting tools, various custom indicators and time periods and more.

LCG also offers automated trading through the MetaTrader 4 platform where traders can create and test their automated trading strategies by using the MetaEditor, Strategy Tester and Compiler tools within the MT4 platform.

With this automated trading system traders can create Expert Advisors, software programs enabling traders to constantly monitor the markets. Custom Indicators help traders to predict future price movements by analyzing past and current price information. And the Scripts feature gives traders the opportunity to set up an automatic repetition of specific operations such as closing all positions with a single keystroke.

Mobile and Other Platforms

In addition to the MetaTrader 4 platform, Forex traders can use other platforms such as Currenex, FXall, and Integral.

There is also a full range of mobile platforms for use on iPhone, Android and other smartphone devices. Once the app has been downloaded, traders can keep an eye on the markets, monitor their positions and be in a position to react quickly, 24 hours a day.

Trading Platform

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