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London Capital Group Review

  • Regulated by: Financial Conduct Authority
  • Safety: segregates client funds
  • Trust Rating: A
Open LCG's Website

Losses can exceed deposits. Your capital is at risk.

London Capital Group three ways: Forex, CFDs, Spread Betting.

To open a live account, you’ll need a minimum deposit of at least $100. Alternatively, London Capital Group offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by (FCA: 182110 ). London Capital Group puts all client funds in a segregated bank account and uses tier-1 banks for this. London Capital Group have 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.

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London Capital Group screenshot

PROS

  • Segeregates client funds
  • Established in 1996
  • Regulated by Financial Conduct Authority
  • Min. deposit from $100

CONS

What are London Capital Group's spreads & fees?

Like most brokers, London Capital Group take 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’s spreads are in comparison to other popular brokers featured on BrokerNotes.

As you can see, London Capital Group's minimum spread for trading EUR/USD is 0.3 pips - which is relatively low compared to average EUR/USD spread of 0.82 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 Plus500 & AvaTrade.

London Capital Group Plus500 AvaTrade
Spread from: $3.00 $6.00 $7.00
Typical overnight fee: $8.01 $9.40 $5.00
Commission: $1.00 $0.00 $0.00
Total cost of a 100k trade: $11.01 $15.4 $12
$4.39 more $0.99 more
Visit LCG Visit Plus500 Visit AvaTrade

All fees/prices are for informational purposes and are subject to change. Last updated: March 22, 2018.

General Fees

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

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • The rollover fee for long positions on EUR/USD is -$8.01
  • The rollover fee for short positions on EUR/USD is $3.89

Commissions

  • London Capital Group does charge commission on CFD shares

What can you trade with London Capital Group?

FX / Currencies LCG Plus500 AvaTrade
# of forex pairs offered 66 61 59
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 Plus500 AvaTrade
# of commodities offered 10 17 16
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs London Capital Group Plus500 AvaTrade
# of Stocks offered 1816 99
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See LCG's Instruments See Plus500's Instruments See AvaTrade's Instruments

What’s the London Capital Group trading experience like?

1) Platforms and apps

London Capital Group offer 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 See LCG's Platforms

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 allow you to execute a minimum of 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 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, but as a guide, London Capital Group offer margin up to 0.001 on currencies.

London Capital Group also offers a number of useful risk management features, such as stop losses (), limit ordersnegative balance protectionprice alerts and much more. You can see all of the account features offered by London Capital Groupand much more. You can see all of the account features offered by London Capital Grouphere.

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
  • Payoneer

3) Client support

London Capital Group support a limited number including English, and Italian

London Capital Group have a BrokerNotes triple AAA support rating because they offer a wide range of languages, live chat, phone and email support.

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

As London Capital Group is regulated by Financial Conduct Authority, 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 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.

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 March 22, 2018.