They were the very first financial spread betting organization to provide white label solutions of this type to reputable brands. Both accounts can be used as demo accounts for a period of 30 days. ReportScamOnline now considers London Capital Group to be operating an online scam. We recommend that our readers not trade or deal with London Capital Group and if you have an open account or agreement with this company, we suggest you try to withdraw your funds as soon as possible. London Capital Group was mentioned as a suspicious platform by the most trusted regulatory body in the UK, the FCA . Our review is based on their respected opinion and on our personal research.

After some initial issues with my new “live” account , got plenty of help from the retail account manager – problems solved. The larger firms require around £875 to trade their minimum stake on my chosen instrument.

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Visa, MasterCard, Credit Cards, Debit Cards among other funds depositing methods are all supported. London Capital Group has continued to provide transparent trading among its users. Traders can buy or sell up to 39 different currency pairs, 12 indices and 15 commodities.

LCG offers ECN account with a minimum deposit requirement of $10,000. LCG is not one of the brokers who appeared out of nowhere making large promises which they cannot keep. 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.

The LCG maximum leverage varies depending on the pairs you trade. Payments suck – one guy couldn’t even explain what my withdraw issue was but ultimately resolved with apology. We will refuse the settlement of $ 500 by contacting the credit card company. The representative answered me immediately but didn’t seem to have such a list, so he just repeated that my application will be rejected if I am from a country where LCG’s services are not available. The platform has 64 highly customizable charting tools which is more than MT 4’s 51 and gives you the ability to manage a very diversified portfolio without a hassle. You will also come across a few unique features while using LCG Trader.

The company names its address Suite 110, 12 South Bridge, Edinburgh EH1 1DD Scotland, United Kingdom. However, the Forex broker does not have a compulsory FCA license to do this. In cryptocurrency, the term “trading pairs” describes trade between one type of cryptocurrency and another.

Minimum deposit

Everything is in real time and includes such necessary information as ‘margin required’, ‘pip value’, and ‘trade value’ so that the trader can make an informed decision. Clients with high account balances can request premium services, such as VIP Analysis provided by TSE, which LCG offers at its discretion. There is also a rebate program for active traders which starts at £4/million and can go higher depending on the volume being traded. MetaTrader4’s impressive features combined with our superior execution technologies is a truly winning combination. The success of MT4 is largely down to its powerful charting functions, large number of available indicators and its algorithmic trading functionality.

Therefore, I reckon going with the LCG Trader for a better trading experience. However, the LCG trader does not have a desktop version that can be a source of disappointment for some traders. With a broad selection of tradable instruments, the broker allows clients to trade across eight classes of financial derivatives. The product portfolio of the broker includes forex, spot metals, indices, options, bonds, commodities, ETFs, and stocks. Having too many options to trade, clients can select and focus on their most favorite asset class.

Both trading platform can be downloaded on the Apple store and Google play and are compatible with iOS and Android operation-system. Our LCG Trader review concludes an averages the solutions team mobile experience, in particular when comparing to other mobile trading platforms apps. CFD trading account is the standard account and has no minimum deposit requirement.

What is the leverage ratio offered by London Capital Group?

Take note that the CFD trading account cannot be offered as an ECN account, hence, the broker functions as a market maker. London Capital Group also offers the LCG trader which is based on the cTrader platform and was designed to provide easy to use trading platform for entry-level traders. The LCG trader is a desktop web-based trading platform but available on the Apple store and Google Play as a mobile app. LCG fees are built into a tight spreads, and low commission for ECN accounts. There is option to trade share CFD with good margin requirements, also additional monthly cash rebates including ETFs, available via CFD and spread betting .

The first processing of funds to a bank of your choice will also compel you to submit critical information about your physical address among other contact details with an aim of verifying tickmill review your account. It required margins in order to unlock the account because of money laundering. Islamic accounts also have the same conditions that apply to the other accounts.

LCG Trading Platforms: A superior trading experience

The company’s latest rebranding effort occurred in 2016 with the launch of LCG Trader, which is a web-based, white-labeled version of the cTrader platform. This, coupled with the ubiquitous MT4 platform and a functional mobile application, comprises LCG’s entire online offering to the consumer. LCG provides access to a broad selection of CFDs and spread betting instruments across several different asset classes. With easy to use trading platforms, round the clock customer support, and hassle-free sign-up process, LCG may suit novice traders more as compared to seasoned traders. However, low spread rates and ECN trade execution policy might also attract high volume traders.

Simply put, being regulated by a reputable government-backed agency goes a long way towards establishing the credibility of a firm. Quick executions, plenty of instruments to trade, easy to navigate. If you are a beginer/new to trading besides trying a demo account you can have a live account with as little as say £180 and trade for just 10p per point.

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 top 5 most traded currency pairs service, which 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.

Clients access these markets via the MT4 trading platform or LCG Trader on any device. 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.

Trading Environment

LCG is an FCA and CySEC regulated broker offering online financial trading and Investment services as Forex, Shares, Commodities, Metals, Oil and Spread Betting via MT4 and LCG Trader platforms. LCG’s offer of educational resources is good up to a certain level. New traders can get a good grasp of the basic forex trading concepts from the written and video tutorials but hardly anything more than that. For example, Oanda is a broker with all-around superior research tools and news, as well its own set of unique features.

The easy-to-use tools provided by the broker help clients in creating custom watchlists and analyzing trade charts. The broker actively places trade orders and monitors those orders to have complete control over the clients’ investments. They get access to every instrument’s depth-of-market, which keeps them updated on upcoming market events.

The London Capital Group is recommended for individuals looking for a brokerage firm with no minimum deposit requirement. Additionally, if you are looking for a legal entity with no hidden fees and whose trading platforms include MT4, you can consider LCG. LCG offers two trading platform mobile applications, the MetaTrader 4 and its in-house proprietary trading platform, the LCG Trader.

The LCG Trader is a user-friendly trading platform and was designed for multi-assets trading. The lCG is similar in its design to MT4 with the instruments window, charts, and account details. MT4 offers advanced trading tools including more than 80 technical analysis indicators, web-based Platform, Expert Advisor , MQL Programming and one-click trading. As a conclusion, the ECN account offers a reliable connection and better spreads, however, the broker offers limited account types.

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Also if they for some reason believe that you “violated” their policy then you will not receive the bonus. Note that the content on this site should not be considered investment advice. We decided to evaluate LCG by conducting a comparison with one of the leading brokers in the industry, eToro.

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The broker offers demo accounts for both beginner and advanced-level traders. The broker offers instant trade execution, minimum negative slippage and low latency which makes it an ideal platform for scalpers and high-volume traders. As one of the major U.K.-based forex brokers, LCG offers a wide range of asset classes and a seamless trading experience. The firm’s fees are competitive within the industry and it ranks high on our list for customer service.

Inactivity for a month costs the clients with a £15 monthly penalty for each account. If the trading activity exceeds 180 days, and the deposits are made from credit card deposits, the company does not charge any additional fees. 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.