LCG Reviews and Comments

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Possible Red Flag, Withdrawals not being honored. Been with LCG for more than 3 years. Every now and then getting withdrawals has been an issue. But with the usual KYC demands normally withdrawals would get sorted. Something is different this time. It has been two weeks and I have been receiving what amounts to misleading emails from customer services. Ranging from money is on the way, to a few days later they blame JudoPay their new PSP for causing the delay and holding funds. Is anyone else having issues getting their funds from LCG?
ScotMac 22 Nov 2021 Reply

They told me they have stopped allowing withdrawals and deposits on visa debit. I’m not sure if this is an attempt to push international transfers via Flowbank (also owned by Charles Sabet ) or if visa are worried due to it being offshore gambling (they are in Bahamas now). Also worth noting that their Cysec license was revoked a while back. Could be nothing, could be the end. If you have deposited to their UK based outfit then your money is covered by the FSA. Bahamas users will probably be screwed if they go bust. This is what they have been telling me for a month, but I have to say Bank Transfers have worked: "we are unable to process requests via payment cards as we are experiencing service interruptuons with our provider."
Reply 4 Dec 2021

Be careful with this fake broker, he has stolen $68990 from me, I have requested a withdrawal of funds and he has time and they do not give me my money.
william rios 8 May 2021 Reply

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!
Addy 20 May 2017 Reply

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.
Manoli 19 Aug 2016 Reply

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.
Viktor 5 Mar 2016 Reply

I've opened an account and wait for the 10% welcome bonus. Hopefully will receive it soon and test the broker.
Patrick 2 Apr 2015 Reply

LCG

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...

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