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London Capital Group Review

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London Capital Group (LCG) recently celebrated 20 years of trading, with the company having overseen more than $1 billion in deposits and over $20 trillion in executed volume over the last two decades.

LCG’s in house platform, LCG Trader, is a web-based trading platform designed to handle thousands of assets at once, enabling traders to access 7,000+ instruments across 9 available asset classes directly from their web browser. LCG Trader also allows users to trade any asset offered by LCG, including forex, shares, indices, spot metals, futures, bonds and interest rates across a range of devices.

Based in London, UK, LCG’s parent company London Capital Group Holdings plc is listed on the NEX Exchange, while LCG is also authorised and regulated in the UK by the Financial Conduct Authority (FCA).

Pros

  • Segregates client funds
  • Established in 1996
  • Regulated by Financial Conduct Authority, CIMA, CYSEC
  • Min. deposit from $0

Cons

To open a live account, you’ll need a minimum deposit of at least $0. Alternatively, London Capital Group offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 182110), and CySEC (Licence: 341/17). London Capital Group puts all client funds in a segregated bank account and uses tier-1 banks for this. London Capital Group has been established since 1996, and have a head office in UK.

Before we dive into some of the more detailed aspects of London Capital Group ’s spreads, fees, platforms and trading features, you may want to open London Capital Group ’s website in a new tab by clicking the button below in order to see the latest information directly from London Capital Group.

Visit LCG

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

London Capital Group screenshot Open a demo account

79% of retail investor accounts lose money when trading CFDs with this provider

What are London Capital Group's spreads & fees?

Like most brokers, London Capital Group takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The spreads displayed below are based on the minimum spreads listed on London Capital Group’s website. The colour bars show how competitive London Capital Group' spreads are in comparison to other popular brokers featured on BrokerNotes.

London Capital Group
EUR/USD (Average: 0.7 pips) 0.75 pips + $1.00 0.7 pips 1.3 pips
GBP/USD (Average: 1.1 pips) 1.2 pips + $1.00 1.7 pips 2.0 pips
USD/JPY (Average: 1.1 pips) 0.85 pips + $1.00 0.6 pips 1.5 pips
AUD/USD (Average: 0.8 pips) 0.8 pips + $1.00 0.6 pips 1.8 pips
USD/CHF (Average: 2.3 pips) 1.9 pips + $1.00 2.3 pips 2.0 pips
USD/CAD (Average: 2.9 pips) 1.2 pips + $1.00 0.5 pips 2.5 pips
NZD/USD (Average: 3.6 pips) 1.8 pips + $1.00 2.8 pips 2.8 pips
EUR/GBP (Average: 2.4 pips) 1.1 pips + $1.00 0.5 pips 2.0 pips

Spreads are dynamic and are for informational purposes only.

As you can see, London Capital Group’sminimum spread for trading EUR/USD is 0.75 pips - which is relatively high compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with London Capital Group vs. similar brokers.

See all Spreads

How much does London Capital Group charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with London Capital Group at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $11.01. Here’s a rough breakdown of the fees and how this compares against IG & Forex.com .

London Capital Group IG Forex.com
Spread from: $ 3.00 $ 6.00 $ 10.00
Commission: $0.00 $0.00 $0.00
Total cost of a 100k trade: $ 3.00 $ 6.00 $ 10.00
$3 more $7 more
Visit LCG Visit IG Visit Forex.com

All fees/prices are for informational purposes and are subject to change.

General Fees

  • London Capital Group doesn’t charge inactivity fees*
  • London Capital Group doesn’t charge withdrawal fees*

Commissions

  • London Capital Group does charge commission on CFD shares

What can you trade with London Capital Group?

London Capital Group offers over 117 different instruments to trade, including over 66 currency pairs. We’ve summarised all of the different types of instruments offered by London Capital Group below, along with the instruments offered by IG and Forex.com for comparison.

FX / Currencies LCG IG Forex.com
# of forex pairs offered 66 90 80
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs London Capital Group IG Forex.com
# of commodities offered 10 34 12
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Index & Stock CFDs London Capital Group IG Forex.com
# of Stocks offered 8000 220
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See LCG's InstrumentsSee IG's InstrumentsSee Forex.com's Instruments

What’s the London Capital Group trading experience like?

1) Platforms and apps

London Capital Group offers the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers. London Capital Group also offer their custom LCG Trader platform.

London Capital Group Screenshot

London Capital Group also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See LCG 's platforms

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection

Accounts offered:

  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

London Capital Group allows you to execute a minimum trade of £0.50. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As London Capital Group offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.

As a market maker, London Capital Group may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As a nice bonus, London Capital Group are one of very few brokers that claim to have no requotes, so you don’t have to worry about slippage (your trades being ordered at a different price to what you executed them at ).

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

London Capital Group also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders negative balance protection price alerts and much more. You can see all of the account features offered by London Capital Group here.

Finally, we’ve listed some of the popular funding methods that London Capital Group offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • Skrill
  • Payoneer
  • Neteller

3) Client support

London Capital Group support a wide range of languages including English, Russian, Malaysian, Korean, Swedish, German, French, Indonesian, Turkish, Norwegian, Chinese, Italian, Arabic, Portuguese, Spanish, Polish, Thai, and Vietnamese.

London Capital Group has a BrokerNotes triple AAA support rating because they offer a wide range of languages and support options.

4) What you’ll need to open an account with London Capital Group

As London Capital Group is regulated by Financial Conduct Authority, CIMA, CYSEC , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore London Capital Group’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with London Capital Group you can visit their website here.

How to trade with LCG

LCG’s proprietary Trader Platform software is widely regarded as a leading example of contemporary trading technology, having received multiple industry awards. 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.
LCG Trader - For a Variety of Devices

LCG Trader’s customisable 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.

LCG Trader - Main Navigation

On the right is 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.

LCG Trader - Chart Menu Toolbar

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.

LCG Trader - Quote Buttons

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.

LCG Trader - Opening a New Trade

Right-click Functionality

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 - Right Click Menu

Mobile App

The 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.

What education & analysis resources do LCG provide?

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. Free webinars are also a central feature of the platform’s analysis and education section.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from www.LCG.com on 01/07/2019.

79% of retail investor accounts lose money when trading CFDs with this provider