|Regulation||FCA and member of LSE|
|Headquartered||London Capital Group, 2nd floor, 6 Devonshire Square, London, EC2M 4AB|
London capital group forex is a ECN forex broker registered in England and Wales. The company was created by an experienced team of industry experts in 1996 and since then has become a leading provider of online trading services. Forex lcg is licensed and regulated by the Financial Conduct Authority (FCA) and is a member of the London Stock Exchange.
Broker lcg offers its services and products to both retail and institutional clients. The variety of products includes currency trading, CFD trading, commodities, shares and indices trading. The list of indices includes the UK 100, Wall Street and Germany 30. The CFDs are available on more than one thousand shares including Barclays, Apple and Facebook. Forex broker lcg offers its customers superior LCG Trader and MetaTrader4 trading platform. Besides offering real accounts the broker allows to test and review its products on free demo accounts. The company offers the best liquidity and competitive tight spreads from as low as 0.6 pips. The trading is available with leverage reaching up to 300:1. The broker claims to offer instant and reliable order execution and guarantees no requotes to its customers. The trading and customer support is available on a 27/7 basis on both mobile and desktop workstations.
On the broker’s website daily analysis from the most experienced financial experts is available on a daily basis. Market and economic news, fundamental analysis, market research and currency forecast with proper usage will help a trader to commit profitable trades. Superior charting packages will also help traders in the hard work.
lcg trading allows its customers to invest in more than four thousand financial markets worldwide. The company gives access to the international financial markets via leading-edge trading techniques, high quality customer support and unparalleled insight.
|Address||London Capital Group, 2nd floor, 6 Devonshire Square, London, EC2M 4AB|
|Digits after the dot in quotes||5|
|Minimum position size||Minimum 0.1 lot|
|Pip spread on majors||From 0.6 pips|
|Standard account, $||0|
|Mini account, $||No|
|Other payment methods|
|Popular payment methods||Credit/Debit card, Bank transfer, Cheque, Skrill|
|Account currencies||USD, EUR, GBP|
|Languages||English, French, German, Spanish, Chinese, Arabic, Italian|
|Broker type||Broker, ECN|
For some reason, no one here wants to compare positive and negative sides of this broker. I think it is a good idea so it might help us to prevent mistakes and focus more on weak sides of LCG. I would say that according to the number of available services I can only give 6 points out of 10. A customer support deserves only 7 points. Back office works well and I can give almost 8 points. I do not think that LCG really deserves 10 points. However, the average value is about seven (7), which is a pretty good number!
I can't agree with Victor. LCG is a pretty good company. As a newbie, I do all steps gradually. First, I have free forex education provided by company, then Demo account, and after all, I have small account. I trade on metatrader platform by using MACD and Stochastic oscillators on M15. I don't think there are big disadvantages as you mentioned. Requotes are happened very rarely. Mostly because of high volatility when both US and London sessions are active. But it doesn't mean it happens on constant basis. Other things work perfectly.
London capital group is a scam broker whose only goal is to help a trader to lose its deposit. All the time there are slippages and requotes. The spread is claimed to be tight but in fact it can widen to whatever they want any moment they want. If you do not want to lose your money in vain do not trade with these scoundrels.
I've opened an account and wait for the 10% welcome bonus. Hopefully will receive it soon and test the broker.