LCG – A Review of the Leading Broker from England

LCG is short for London Capital Group which is one of the leading CFD brokers in the industry. They are proud to provide access to 7,000 instruments spread out over 9 markets, and LCG has been in business for over 2 decades which means they have more experience than most of their competitors.

As the name suggests, LCG is based and regulated in London, England and on the European market, it’s one of the most trusted brands.

Can I Trust LCG?

Yes, there is no doubt that you can trust LCG and the services they offer. There would be no point in us recommending and reviewing a broker that our readers couldn’t trust. And as always, we only recommend services that we ourselves would feel comfortable using.

How do we know that you can trust LCG? There are several factors that prove that LCG is not a scam but three of them weigh heavier than the others. The first reason is that LCG is licensed and regulated by the Financial Conduct Authority (FCA), which is the official regulatory agency in Great Britain. Secondly, LCG is also licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) – one of the toughest regulatory bodies in Europe. The third reason is that LCG has over 20 years of experience from the online trading world and very few complaints and negative reviews, and if people have trusted LCG with their money for decades it means we can trust them too.

LCG Trading Platforms

One thing we really like with LCG is that they offer not one but two amazing trading platforms for their customers.

LCG Trader

This is LCG’s own trading platform that they have developed to fit perfectly with their brands and the assets they offer. It comes with a range of useful analytic features as well as the possibility to invest without any hassle. The platform is available through your browser and is compatible with pretty much any device that has access to the internet.

MetaTrader 4

In combination with LCG Trader, LCG also provides their customers with access to the famous MetaTrader 4 platform. We have talked a lot about this platform over the years since it’s one of the best ones to have ever been developed. With the MT4 you can invest in all the available assets and use some of the most advanced technical tools to plan your investments. MetaTrader 4 requires being downloaded to your computer.

Use LCG on A Mobile Device

Today many brokers develop unique trading apps that match their brand and that are downloaded from the official app stores. The issue with this system is that apps aren’t compatible with a lot of devices and they also tend to have bugs and problems.

To avoid this, LCG provides one of the leading web traders on the market which is compatible with all browsers on most devices. The platform is called the LCG Trader, and if you haven’t tried it yet we suggest you do so as soon as you can.

LCG Trading Accounts

A running theme on the LCG platform is simplicity. It is evident that the broker has worked hard to provide a service that is easy to use and even easier to understand, even though they offer thousands of tradeable assets. A part of this effort is that LCG only provides one trading account.

The LCG trading account is referred to as a live account or as a deposit account. That means you have to make an initial deposit in order to activate the account and only after that can you start trading. That being said, there are some restrictions on the account to begin with and you have to contact LCG’s award-winning customer service to access all 9 asset classes that this forex broker offers.

Also, you can choose to open a LCG demo account and start trading using virtual money under real market conditions.

What Assets Are Available on the LCG Platform?

The London Capital Group has an impressive selection containing over 7,000 underlying assets on 9 different markets. In fact, the LCG asset selection is larger than most other brokers. Note that LCG is a CFD broker meaning they offer access to different markets in the form of CFDs, and in some cases what’s called vanilla options – a speculative investment that’s very similar to CFDs.

Among the available markets, we find forex (currency pairs), stocks and indices, Exchange Traded Funds (ETFs), spot metals, commodities, and bonds. To get a better idea of the share volume of available assets that LCG offers their customers we suggest you visit their website.

LCG Payment Methods

Since LCG is regulated by both the FCA and the CySEC, they have to follow very strict rules regarding deposits and withdrawals. For example, you can only deposit funds that are yours and come from an account connected to your name. Moreover, you can only withdraw money to the account that the funds originated from.

Additionally, the available LCG payment options are similar to other brokers in the industry and include the following:

  • Credit and Debit Cards – LCG has support for Visa, Mastercard, and other international brands but not American Express.
  • Bank Transfers – You can transfer money from your bank directly to LCG using a traditional bank transfer.
  • Online Payments – Deposit money to LCG using online payment services Neteller and Skrill.

LCG Conclusion

The London Capital Group, LCG, is one of most experienced and appreciated CFD brokers on the European market. With all the necessary licenses to operate within the European Union and outside of it and a spotless reputation stretching over 20 years, there is no doubt that LCG is a great option for anyone looking to trade online. In fact, LCG has something for everyone whether you are looking to trade forex, commodities, stocks, indices, or invest in multiple other popular assets.

Between 73-89% of retail investor accounts lose money when trading CFDs.