Overview/ background
LCG (London Capital Group) is registered in Wales and England with the following company registration number: 05497744. The company is a subsidiary of LCGH plc. LCG is listed on the London Stock Exchange (LSE) with the following company registration: 3218125. LCG offers traders access to foreign currency trading, indices trading, shares trading, CFDs and spread betting. Traders have access to a live account and a demo trading account. Additionally, there are multiple interactive seminars, webinars, trading videos and market reports to assist traders in every aspect of their trading regimen.
Account Types
In terms of account types, there are two primary options: a live account and a demo trading account. Clients have access to Forex trading in the form of contracts for difference (CFDs) or spread betting across a wide range of foreign currency pairs. The trading platforms (MT4 and LCG Trader) allow for 50 world-class currency pairs 24/7 with pips as low as 0.6 and comprehensive insights via technical and fundamental analysis every step of the way.
Trading Platform/ software
The trading platforms include proprietary trading software known as LCG Trader and the world-famous MT4 trading platform. LCG offers in-depth platform tutorials to assist traders with all aspects of the demo trading account and the live trading account. Features of the LCG trader platform include the following:
- Price improvement technology across multiple markets
- An intelligent trading platform with top-tier charting and reliability
- Trading in currencies, commodities, indices and equities available 24/7
- Fully compatible with mobile trading devices such as iPhones, iPads and Android devices
The MT4 trading platform offers the following benefits to clients:
- Reliable executions of trades with zero requotes
- Real money MT4 account and demo-MT4 account
- Fully compatible with mobile smartphones, tablets and desktops
- Financial Conduct Authority (FCA)/LSE listing and full regulation
- 2,000 complimentary indicators with 30 added financial indicators
- Fully customized charting abilities available to traders of all levels
- Tight spreads and access to equities, indices, commodities and Forex
Deposit options
Deposit options are varied and include online payment services such as Skrill, bank transfers, credit cards and debit cards. Credit cards incur 2% charges however certain Visa Electron cards are not permitted, and neither is American Express. It should be noted that certain credit card companies will label payments made to LCG as a cash advance, and will charge clients accordingly.
Markets
Markets include foreign currency pairs, indices, shares, commodities, interest rates, and bonds. These are available in the form of spread betting and CFDs. With Forex pairs, traders will learn about spreads and costs, and be able to trade currencies like the EUR/USD, GBP/USD, EUR/JPY, USD/CHF, USD/JPY etc. It is possible to trade Forex ECN with LCG trader in a demo account or a live account. Indices include the FTSE 100 index, the NASDAQ, the Dow Jones, the CAC 40, the DAX and other popular and lesser-known global indices. There are 1,000+ shares available at LCG including Apple, Barclays, Facebook, Alphabet Inc., Lloyds, BP plc and others. Shares from US, UK and EU markets are available to traders. From as little as 0.08% for stocks from the United Kingdom and $0.02 for US equities it is possible to fully immerse yourself in the markets. Other markets include bonds & interest rates (reliable, tight spreads and rapid execution) and commodities (Brent crude oil, WTI crude oil, silver, gold, sugar and coffee).
Bonuses
Traders at LCG qualify for a 10% bonus offer up to £10,000 when making their first deposit. That means you can get £1,000 when you deposit £10,000. To claim this bonus, it is necessary to open a live account at LCG.
Customer Support
Customer support is available via email, live chat functionality, or telephone. The customer support telephone number is +440-207- 456-7020, the sales telephone number is +440-207-456-7072. The dealing desk can be reached at +440-207-456-7010. Traders can also submit a question on site by inputting their name, email, telephone number and nature of the query and clicking the send button. Another useful means of getting information is the comprehensive FAQ section.
Safety
LCG is a fully regulated and registered company with the following registration number: 05497744. It is regulated by the FCA (Financial Conduct Authority) with registration number: 182110. LCG operates under the rules and regulations of the London Stock Exchange (LSE) with company number 321-8125. As such, all safety, security, transparency and accountability measures are enforced at all times.
Ease of Use
LCG offers a fully comprehensive service for trading financial assets. It is ideally suited to novices and expert traders alike, and thanks to a live account and demo account trading platform, it is possible to practice forex, indices, equities, commodities, bonds and interest rate trading at will. Overall, the professionalism and courtesy offered by the customer support team is second to none and competitive spreads and costs make it enticing to trade shares, with Forex trading options equally alluring to novices and seasoned pros alike.
Final Thoughts
LCG offers a complex selection of trading assets in an easy-to-understand and user-friendly trading platform. The proprietary LCG trader platform and the world-class MT4 platform are best in class and provide clients with a full spread of educational resources, trading tools and real-time pricing. Definitely a brokerage worth considering!
