London Capital Group (LCG) is a CFD and spread betting brokerage with over 20 years of market experience since its establishment in 1996. Publicly listed on the AIM growth market of the London Stock Exchange since 2006, LCG is one of the UK’s leading CFD and spread betting brokers, with over $1 billion of deposits and over $20 trillion in executed trade volume.
LCG’s brokerage service has garnered numerous awards, among the most recent of which have been Best Mobile/Tablet Trading Application at the Shares Awards 2016 and Forex Innovator of the Year at the UK Forex Awards 2015.
The company also sponsors elite tennis player Stan Wawrinka who acts as brand ambassador.
LCG Trader Platform
LCG’s proprietary Trader Platform software is widely admired as a leading example of contemporary trading technology, recognised by the multiple industry awards both the desktop and mobile app formats have been accorded with. The full web-based trading platform and native Android and iOS mobile apps allow for full-functionality trading from almost any internet connected device a trader has access to, wherever they may be, including:
Android and iOS tablets
Android and iOS smartphones
LCG Trader’s customisation functionality is a particularly unique and valuable feature, allowing traders to layout their trading station in the way that provides them with optimal usability and convenience.
Navigating around the platform is intuitive with the menus and functionality easily accessible in-trade. To the top is the main toolbar, split between the left and right of the screen. On the left new charts and orders can be opened, chart mode changed, analytical tools accessed and chart and platform preferences altered.
On the right are the quick trade settings, platform language and platform layout options. The platform timezone is changed to the bottom right. Within the charts is a deep reservoir of information including market price, volume, open, close, high and low, which the trader can modify. Chart data is displayed at the bottom left of the platform when the market snapshot tool is not activated.
The chart menu toolbar is situated to the middle of the top of the trading platform screen. From here changes can be made to the chart such as adding indicators, saving templates, chart preferences, time frames. Most importantly, if ‘quick trade’ mode is enabled in the preferences, trades can be placed directly ‘in-chart’ with a single or double click from the quote buttons located to the centre.
Account deposits can also be made directly from the trading interface without the trader having to go into the ‘My LCG’ area.
Opening a New Trade on the LCG Trader Platform
Clicking ‘create new order’ from the quick trade quotes seen to the left opens a new deal ticket from which a market order can be executed, specifying a buy or sell at the best available price for that size. Guaranteed stop losses can also be placed at or beyond the minimum distance requirement for that instrument. The guaranteed stop loss spread charge also varies between instruments.
An extensive set of functionalities are accessible on the LCG Trader platform via a right click. By right-clicking over a chart the trader can quickly trade, create new orders, add technical indicators, add graphical objects and set price alerts. Charts can also be customised via the right-click menu.
LCG Trader mobile app retains almost the entire functionality of the browser-based desktop version including the full charting package, one-tap trading and high-speed execution. Building a watchlist of most traded instruments on the mobile app is the first recommended step, giving convenient mobile access.
Once a watchlist has been built an order ticket can be launched by tapping on the instrument to be traded, which will bring up a quick deal ticket. The stake size is then selected and a buy or sell order given and stop loss set if required.
The full charting package functionalities are accessible from the full-screen mode of the chart.
More than 7000 instruments across 8 asset classes can be traded via the LCG Trader platform:
Bonds & Interest Rates
LCG Trader can be used via three main categories of account:
CFD Trading – where LCG is the market maker.
ECN Account – offering direct market access. An account balance of at least $10,000 must be maintained to qualify for an ECN account.
Islamic Accounts – this kind of account is also known as a swap-free account, as swap or rollover interest is not a characteristic of overnight positions in accordance with the mandates of the Muslim faith and Sharia law.
Analysis & Education
LCG’s analysis and education resources are a particular strong suite of the broker, which was recognised as ‘Best Forex Fundamental Analysis Provider 2016’ at the UK Forex Awards. Daily and weekly fundamental and technical analysis video materials are available to all traders. An extensive range of analysis tools and educational tutorials, on a wide range of fundamental and technical analysis principles, are also provided to help traders put the resources available to them to best use. Webinars are also a central feature of the platform’s analysis and education section.
For more details visit the London Capital Group review here.