- Name : LCG
- Website : lcg.com
- Established : 2015
- Regulation : FCA
- Country : United Kingdom
U.S. Clients Allowed :
NoDue to strict US regulation many brokers aren't able to accept traders with US citizenship.
See our list of recommended brokers that do accept US traders.
LCG ReviewLCG 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.
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 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.
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.
- Demo Account
- User-Friendly Website
- No Bonuses or Promotions
Review info: LCG
Review Date: 2016-04-03
Rating : 4
Reviewed By : Sara Patterson (Google+)