London Capital Group Review

The broker has been in the market since the 1990s and earned its reputation through consistent work and experience. The broker has been there when the first online platforms appeared, when the world went through a global crisis, and when the world got out of the crisis. The company started to offer Forex services from 2006 under its acronym LCG. The FCA counts to some of the strictest regulators which grant its license only when the brokers meet the highest industry standards.

Considering the needs of all stakeholders, the company provides access to the full suite of both cTrader and MetaTrader4 trading platforms. Both trading platforms are compatible demarks pivot points strategy with all electronic devices, such as PCs, laptops, tablets, and mobile phones. Mobile friendly versions of the platforms are available on android and apple’s application stores.

How to start your Capital com account?

The representatives respond quickly, especially in the live chat windows. There is a section of FAQs that is also equally informative and properly organized to solve our common doubts. In this pending order, the trader gets to select a tolerance range for execution. With this range, the order gets canceled if the market surpasses the selected rate and tolerance gap. The broker sets the entry at a predetermined point of the market, either above or below the existing market rate.

Seasoned traders have likely used MT 4 in the past and know it inside and out, which is one more reason why so many brokers include this well-known platform in their offer. However, if you’re looking for a real powerhouse of a trading platform, LCG Trader isn’t the software you’re looking for. Another London-based broker, IG offers an even more user-friendly and safe platform that blows most competing platforms out of the water among other things, so they’re worth checking out. The company’s proprietary platform has better reviews than MT 4 in general, especially when it comes to ease of use. Since LCG Trader is a platform geared for experienced traders, it provides a rich selection of features as well as favorable pricing. The demo account starts with of whichever currency you want to use.

To get in-provide service, clients need to visit the LCG headquarters. Besides all other factors, LCG’s research section is a classic example of so many useful resources under one roof. However, in my opinion the company should have added more tools and content to its research head to make it more appealing to both novice and seasoned traders. The latest news heading features top stories concerning major socio-economical events around the world.

With reference to its fees, it has competitive spreads and commissions. However, its spreads and other charges are not among the lowest in the market. LCG has various educational resources that are beneficial to beginners as well as the experienced traders. The company consistently posts relevant content on this platform for use by aspiring and active traders. The availed information centres on global financial markets as well as the strategies of successful trading under different circumstances. LCG also has trading guides and an online trading education centre with informative trading videos.

10% Deposit bonus is given to new clients at LCG upon making the first deposit. The minimum deposit needed to receive the deposit bonus is £500. When preparing this review, we have found out that London Capital Group is authorized and regulated by the Financial Conduct Authority . Although regulation ifc markets review might instill some confidence in the broker’s credibility, the license never was the absolute measure of top-tier services. Quite strange is the fact that London Capital Group Forex broker does not accept clients from Australia, Belgium, Canada, New Zealand, Singapore and also the USA.

This would not be as big of an issue were it not for the fact that MT4 is its only downloadable offering. Experienced in-house trading team in London now offer a daily market overview and analysis service to help you plan for the trading day ahead. Emailed directly to your inbox every morning, covering the economic events to watch, plus provide key shares, indices, FX and commodities analysis. On the plus side, forex CFD fees are low, the account opening is very user-friendly, and customer support is exceptional. It is always good to have the option to try the trading platform for free before signing up, so Capital.com providing a demo account is a plus.

These tools have multiple filters that analyze trading performances on different levels, which is very useful to expand the investment portfolios of beginners. London Capital Group website offers a reliable trading experience across financial markets with access to a comprehensive range of market data and daily analysis for help to continued trading. Broker services provided by London Capital Group are listed in the following categories of financial instruments. Clients can select these instruments across a wide range of multiple asset classes. London Capital Group is among such very few brokers that have helped millions of users buy and sell popular investment products, forex currencies in particular. This London Capital Group review explores the broker and its online operations to disclose how it guides the economic well-being of its clients.

Their commitment to provide competitive prices, advanced technology and professional service for all types of traders offered by over than 7,000 products across 9 asset classes. The LCG broker services primarily operate with the MetaTrader 4 platform. It provides their clients access to thousands of reliable tools to trade their popular instruments. These tools ensure that every trade reaps significant profits and does not impede the growth of the client’s investment portfolio.

London Capital Group Account Types and Fees

The customer service of the London Capital Group is available from Monday to Friday, between 0800 hrs and 1900 hrs . Spreads offered at London Capital Group scam are variable, meaning that they can widen during high volatility. For ECN situation is slightly better, as on the same instrument LCG offers 0.6 spread. Nevertheless, LCG spreads may disappoint traders that seek for premium service and low costs. LCG stands for London Capital Group, is an online forex broker. LCG offers the following assets to be traded on MetaTrader 4 and LCG trader.

LCG Trader is not equipped with back-testing or automated trading capabilities, and MT4 is the only alternative for algorithmic traders. LCG does not accept U.S. clients due to regulatory constraints, which precludes LCG from being considered a global broker. This would be a red flag were it not for the fact that the company is regulated by the FCA which, along with U.S. regulatory agencies , is widely considered to be the preeminent regulatory body. Also their customer service is 2nd to none, I have to mention my account manager Damian Reed who has been very helpful over the years setting things up and addressing any questions.

For the most part, LCG keeps it simple—functional platforms that can be downloaded , accessed via a browser , and through an application for your mobile device. ECNs enable clients to trade directly with market makers, which can lower the cost of the spread in liquid markets. One of the key features that catapulted LCG over the competition is its focus on customer service, which conversion rate australian dollars to euros is important for all traders but even more so for the beginner. Investopedia’s ranking algorithm factored in this functional simplicity when gauging LCG’s appeal to novice traders. For individuals new in the domain of forex and CFD trading, LCG is a great partner and a reliable resource. Its competitive spreads ensure every account reaps high profits in its activities.

LCG Customer Support

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. Tom is an experienced financial analyst and a former grains derivatives day trader specializing in futures, commodities, forex, and cryptocurrency. Most of the fees at LCG are charged through spreads but there are additional fees for trading through the ECN account. Being the UK and Cyprus brokerage firm the company complies to the set of rules established and concluded by the European regulatory body ESMA. As the requirements are set to ever single step and process the brokerage delivers, the authority also mandates which levels are safe and allowed to offer.

The trading costs at the company are processed under its competitive spread. LCG offers guaranteed stop losses to its clients at an extra charge of 3 pips. The LCG trader account gets charged with the costs when the commission gets processed. While trading ETFs and individual stocks, the company adds commissions to the spread on either side, so that there is no hidden fees. The company’s website advertises that an additional spread will be added to the market ask and deducted from the market bid prices.

The above points highlighted by the London Capital Group review are also a factor to LCG being awarded as the best forex broker by leading market regulators in 2020. As the part of the loyalty program, London Capital Group offers cash rebates on Forex, Indices and Commodities. For example, for FX market LCG offers £5 rebate per million (£) traded on the platform.

Markets, Products, and Instrumets

I had 3k to invest and decided to give spread betting a try (I like that it’s tax free unlike share dealing, as I already have share ISA account). Capital Spreads have very competitive spreads on all markets and since I trade about 4 times a day I find it particularly important (don’t like wasting my money on commission). So there’s no need in buying a graphs drawing package from the third party. For the standard account, the company does not charge any minimum deposit for customers. To open an ECN trading account, a minimum deposit of $10,000 is charged. This cost provides access to the best spreads at highly competitive rates.

We compare brokers by calculating all the fees of a typical trade for selected products. We also compared Capital.com’s fees with those of two similar brokers we selected, XTB and XM. This selection is based on objective factors such as products offered, client profile, fee structure, etc. Enjoy tight spreads on indices including the UK 100, Wall Street, Germany 40 and Japan 225. Execution-only brokers, that is a broker that does not involve in any personal investment advice and gives traders complete control over how they trade the markets, tend to have lower commissions.

That’s exactly what LCG offers to its users, and it’s one of this company’s most notable qualities. The platforms are lacking in research capabilities overall, especially if you have a standard account. Users have access to over 7000 markets and a full spectrum of financial products.

Capital com review Web trading platform

Aside from this, the Islamic account offers the same terms as the standard account. Another thing to keep in mind is that you can get a bonus based on your initial deposit. When opening an account, users get a bonus equal to 10% of their deposit with the maximum bonus being €10,000. This is a welcome boost for confident traders who want to make big trades right off the bat. All reviews, research, news and assessments of any kind on The Tokenist are compiled using a strict editorial review process by our editorial team. Neither our writers nor our editors receive direct compensation of any kind to publish information on tokenist.com.

LCG isn’t available in most countries but it offers one of the best trading experiences for forex traders from the UK. As a new client of LCG’s services, you can choose one of three live accounts, or if you want to dip your toes into this forex trading platform first, you can open a free demo account to practice with. Starting as a financial holding company, LCG has since evolved into a full-fledged forex brokerage that offers a broad spectrum of financial products and markets to its users. The company has grabbed a number of awards during the previous decade and is currently one of Britain’s most popular online forex brokers. LCG offers “negative balance protection” which has become a fairly important feature that most online brokers are offering these days.

Capital.com has a great live chat service – any time we asked a question, day or night, we always got a response and were connected with someone within minutes. It is easy to find your profit-loss balance and the commissions you paid. Right click on one position, then choose ‘Save as Detailed Report’. There are pre-set categories where you can search (e.g. US stocks, indices, commodities), but there is also a search bar where you can enter your search terms manually. Besides, you can also use the MetaTrader 4 platform and TradingView.

LCG Trader’s Tick Charts screen displays historical price data in months, weeks, days, hours, or even minutes. No doubt this is a very useful tool for traders who want to be informed if a certain price changes on a minute-to-minute basis. If your account is deemed inactive, you will incur a monthly fee of either 15 GBP, 20 USD, 18 EUR, 75 PLN, or 20 CHF. You will only be charged a fee if you have money in your account, however, an inactive account may be deactivated if its balance is lower than the monthly fee. Suffering a drop in revenue and performance is never a pleasant experience, but getting out of a financial rut is where great companies can show their mettle. Perhaps we’ll see this pedigreed broker improving its service and winning more accolades in the future.

In addition, there is an option to trade through ECN account, however, the minimum account balance required for ECN account is quite high which is good for the traders of bigger size only. To check out the typical spread in LCG Standard account see the table below, for instance, you can also compare fees of another popular broker HotForex. Risk Warning – Between 74-89% of retail investor accounts lose money when trading CFDs.

The broker indicates the trade’s execution, depending on what’s more profitable – buying or selling. The broker also allows the trader to set an expiration time for this pending order. To deposit funds, the trader can use credit/debit cards, wire transfers and Skrill. Note that the broker does not accept American Express and Visa Electron Cards. For deposits, LCG holds the commission equal to 2% of the deposit made.

What is London Capital Group LCG?

The lot size and leverage are also instrumental on deciding on the amount of money to deposit. All withdrawals are approved and processed within a day, a factor that has placed London Capital Group among the best on withdrawals. The amount of commission may seem a bit higher but this is how an ECN broker works. That’s a very reasonable commission for genuine ECN trade experience. Recent surveys have placed London Capital Group on the top list for spread betting and as a CFD provider. The organization has been ranked second by investment trends and continues to increase in popularity on the same.

If a broker has a score less than 80, like this one, we won’t recommend it to you. So that we don’t waste your time, we don’t update these reviews either. We know you don’t want to read a long review of an untrustworthy broker. Instead, you can use the tool below to find a high-scoring broker that accepts clients from your country.