Founded in 1996, London Capital Group (LCG) is an experienced online forex and CFD broker offering over 7,000 tradable instruments across nine asset classes, including currency pairs, indices, commodities, spot metals, stocks, bonds, ETFs, and Vanilla Option, via the MetaTrader 4 and LCG platforms. They are headquartered in London but have offices in Cyprus and the Bahamas. The broker operates an STP/ECN brokerage model and provides clients with market research, trading tools, and in-depth analysis.
London Capital Group Review – Broker Awards
London Capital Group Review Introduction
In this London Capital Group review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including London Capital Group.
London Capital Group Platforms & Tools
London Capital Group provides clients with two trading platforms:
This is the broker’s proprietary trading platform. It is a customized version of the popular cTrader. The platform is web-based and runs directly on web browsers in any device, and there are mobile apps for Android and iOS devices.
MetaTrader 4 (MT4)
Considered the gold standard in online trading, it is used by millions of traders around the world. The platform is available as a WebTrader, desktop applications for Mac and Windows computers, mobile apps for Android and iOS devices, and Multiterminal for those who want to manage several accounts from a single account.
Apart from the tools in the trading platforms, the broker also provides clients with other useful trading tools, such as News, Economic Calendar, Analysis Video, and Technical Analysis from Trading Central.
London Capital Group Research & Education
The broker provides clients with a good collection of educational resources in the forms of LCG Blog, Trading Videos, Trading Guides, Platform Tutorials, Trading Glossary, Webinars, and Seminars.
London Capital Group Trading Accounts
London Capital Group provides clients with two live account types:
- Classic Account: No minimum deposit is required, and the maximum leverage is 1:500 (1:30 for non-professional EU traders). The average spread on the EURUSD is 1.5 pips.
- ECN Account: Clients are required to maintain a minimum balance of $10,000 to qualify for this account. Spreads start from 0 pips, but there is a commission charge of $10 per lot on the MT4 platform and $45 per lot on the LCG Trader.
London Capital Group Account Funding
London Capital Group accepts the following payment options: bank transfer, debit/credit cards, and online payment processors, such as Skrill and Neteller.
London Capital Group Customer Service
The broker’s support team is available from Monday to Friday from 5:00 to 22:00 GMT. They can be reached on the phone, email, instant web chat, and the “Submit a Question” form on the website. On social media, they are on Facebook, Twitter, LinkedIn, YouTube, and Instagram.
London Capital Group Regulation
London Capital Group operates in three jurisdictions and is regulated accordingly:
- London Capital Group Limited is registered in England and Wales and is regulated by the Financial Conduct Authority (FCA) with license number 182110
- London Capital Group (Cyprus) Limited is registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number 341/17
- LCG Capital Markets Limited (LCG BHS) is registered in the Commonwealth of the Bahamas and is regulated by the Securities Commission of Bahamas (SCB) with license no: SIA-F194
London Capital Group Review Summary
London Capital Group is an experienced online broker that offers forex and CFD trading on a wide range of tradable assets through their proprietary LCG Trader and the popular MT4 platform.
It is worth mentioning that some of the trading products and services in this London Capital Group review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the London Capital Group broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.