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London Capital Group Review
LCG Trader, the company’s in-house trading platform, is a web-based trading platform intended to handle thousands of assets at once, allowing users to access 7,000+ instruments across 9 different asset classes straight from their web browser. It also allows customers to trade every asset provided by LCG across a variety of devices, including FX, stocks, indices, spot metals, futures, bonds, and interest rates.
LCG is based in London and is authorised and regulated by the Financial Conduct Authority in the United Kingdom (FCA).
Pros
- Segregates client funds
- Established in 1996
- Regulated by Financial Conduct Authority, CIMA, CYSEC
- Min. deposit from $0
Cons
- Doesn’t offer VPS (See alternatives)
- Limited range of instruments
- Not ASIC Regulated (See alternatives)
To establish a live account, you must make a minimum deposit of $0. Alternatively, London Capital Group provides a demo account through which you may practise and become acquainted with their platform.
Regulated by the Financial Conduct Authority (FRN: 182110) and CySEC (Licence: 341/17), London Capital Group places all customer money in segregated bank accounts with tier-1 institutions. London Capital Group was founded in 1996 and has its headquarters in the United Kingdom.
Before we get into the specifics of London Capital Group’s spreads, fees, platforms, and trading tools, you might want to open the website in a new tab by clicking the button below in order to see the latest information directly from London Capital Group.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are London Capital Group’s spreads & fees?
London Capital Group, like most brokers, charges a fee based on the spread, which is the difference between the buy and sell price of an asset.
The commissions and spreads shown here are based on the London Capital Group website’s minimum spreads.
| Forex | London Capital Group | City Index | AvaTrade |
| EUR/USD(Average: 0.7 pips) | 0.2 pips | 0.7 pips | 0.9 pips |
| GBP/USD(Average: 1.1 pips) | 0.6 pips | 1.7 pips | 1.6 pips |
| USD/JPY(Average: 1.1 pips) | 0.3 pips | 0.6 pips | 1.1 pips |
| AUD/USD(Average: 0.8 pips) | 0.4 pips | 0.6 pips | 1.1 pips |
| USD/CHF(Average: 2.3 pips) | 0.2 pips | 2.3 pips | 1.6 pips |
| USD/CAD(Average: 2.9 pips) | 0.7 pips | 0.5 pips | 2.0 pips |
| NZD/USD(Average: 3.6 pips) | 0.7 pips | 2.8 pips | 1.8 pips |
| EUR/GBP(Average: 2.4 pips) | 0.5 pips | 0.5 pips | 1.5 pips |
Spreads are dynamic and are for informational purposes only.
As you can see, London Capital Group’s minimum spread for trading EUR/USD is 0.2 pips – which is relatively low compared with the average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with London Capital Group vs. similar brokers.
How much does London Capital Group charge to trade 1 lot of EUR/USD?
If you bought one standard lot of EUR/USD (100,000 units) from London Capital Group at an exchange rate of 1.1719 and then sold it the next day at the same price, you would most likely pay $11.01. Here is a general breakdown of the fees and how they compare to IG and XTB.
| London Capital Group | IG | XTB | |
| Spread from: | $ 2.00 | $ 6.00 | $ 2.00 |
| Commission: | $10.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $ 12.00 | $ 6.00 | $ 2.00 |
| $6 less | $10 less | ||
| VISIT LCG | VISIT IG | VISIT XTB |
All fees/prices are for informational purposes and are subject to change.
What can you trade with London Capital Group?
London Capital Group provides over 117 different trading products, including over 66 currency pairings. Below, we’ve summarised all of the different types of instruments offered by London Capital Group, as well as those offered by IG and XTB for comparison.
| FX / Currencies | LCG | IG | XTB |
| # of forex pairs offered | 66 | 90 | 48 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies* | No | Yes | Yes |
| Commodity CFDs | London Capital Group | IG | XTB |
| # of commodities offered | 10 | 34 | 21 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes |
| Index & Stock CFDs | London Capital Group | IG | XTB |
| # of stocks offered | 8000 | 1606 | |
| UK shares | Yes | Yes | Yes |
| US shares | Yes | Yes | Yes |
| German shares | Yes | Yes | Yes |
| Japanese shares | Yes | Yes | Yes |
| SEE LCG’S INSTRUMENTS | SEE IG’S INSTRUMENTS | SEE XTB’S INSTRUMENTS |
What’s the London Capital Group trading experience like?
1) Platforms and apps
The popular MT4 forex trading software is available from London Capital Group. See our MT4 broker comparison for a list of the best MT4 brokers. London Capital Group also provides their own LCG Trader platform.
London Capital Group now provides mobile apps for Android and iOS, making it simpler to monitor and execute transactions while on the go.
Still not sure?
Open a practice account & learn to trade
2) Executing Trades
London Capital Group allows you to make a trade for as little as £0.50. This may differ based on the type of account you establish. The maximum trading requirements differ based on the trader and the instrument. Because London Capital Group provides ECN and STP execution, you may anticipate very narrow spreads and more transparency over the price you pay to execute your trades.
London Capital Group, as a market maker, may have lower entrance criteria than an ECN broker, who benefits from a higher number of transactions and usually has higher capital and minimum trading requirements. Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission.
As an added benefit, London Capital Group is one of the few brokers who promise no requotes, so you won’t have to worry about slippage (your trades being executed at a different price to what you executed them at).
Margin requirements, like those of other brokers, vary based on the trader, account, and instrument. The most recent margin requirements can be seen on their website.
London Capital Group also provides a variety of risk management tools, including stop losses (including trailing stops), limit orders, negative balance protection, price alerts, and much more. You can view all of London Capital Group’s account features here.
Finally, we’ve listed some of the popular funding methods that London Capital Group offers its traders below.
Trading Features:
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
- Guaranteed stop loss
- Offers Negative Balance Protection
Accounts offered:
- Demo account
- Mini account
- Standard account
- Zero spread account
- ECN account
- Islamic account
Funding methods:
- Credit cards
- Bank Transfer
- Skrill
- Payoneer
- Neteller
3) Client support
English, Russian, Malaysian, Korean, Swedish, German, French, Indonesian, Turkish, Norwegian, Chinese, Italian, Arabic, Portuguese, Spanish, Polish, Thai, and Vietnamese are among the languages supported by London Capital Group.
Because they provide a wide choice of languages and support options, London Capital Group gets a CompareBroker triple AAA support rating.
4) What you’ll need to open an account with London Capital Group
Because London Capital Group is regulated by the Financial Conduct Authority, CIMA, and CYSEC, each new customer must pass a few simple compliance tests to verify that you understand the risks of trading and that you are permitted to trade. When you establish an account, you will most likely be asked for the following information, so have it handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to prove your trading expertise, so allow at least 10 minutes to finish the account opening procedure.
While you may be able to browse London Capital Group’s site immediately, it is essential to know that you will not be able to execute any transactions until you pass compliance, which might take several days depending on your circumstances.
To begin the process of creating an account with London Capital Group, go to their website.
How to trade with LCG
LCG’s unique Trader Platform software is generally recognised as a model of modern trading technology, having won several industry accolades. The comprehensive web-based trading platform, as well as native Android and iOS mobile apps, enable full-functionality trading from nearly any internet-connected device a trader has access to, no matter where they are.
The customizable flexibility of LCG Trader is a very unique and important feature, enabling traders to organise their trading station in a way that maximises usability and convenience.
The platform’s navigation is simple, with menus and functions immediately available in-trade. The primary toolbar is at the top, divided across the left and right sides of the screen. On the left, you may open new charts and orders, change the chart mode, access analytical tools, and adjust chart and platform options.
The fast trade settings, platform language, and platform layout choices are located on the right. The platform’s timezone has been shifted to the bottom right. The charts provide a wealth of information, such as market price, volume, open, close, high, and low, which the trader may alter. When the market snapshot feature is not active, chart data is presented at the bottom left of the site.
The chart menu toolbar is located in the centre of the trading platform screen. Changes to the chart may be done from here, such as adding indicators, storing templates, chart preferences, and time periods. Most notably, if the “rapid trade” option is set in the preferences, trades may be placed immediately “in-chart” with a single or double click from the quote buttons in the centre.
Account deposits can also be made directly from the trading interface without the trader having to go into the “My LCG” area.
Opening a New Trade on the LCG Trader Platform
Clicking “create new order” from the quick trade quotes seen to the left opens a new deal ticket from which a market order can be executed, specifying a buy or sell at the best available price for that size. Guaranteed stop losses can also be placed at or beyond the minimum distance requirement for that instrument. The guaranteed stop loss spread charge also varies between instruments.
Right-click Functionality
An extensive set of functionalities are accessible on the LCG Trader platform via a right click. By right-clicking over a chart the trader can quickly trade, create new orders, add technical indicators, add graphical objects and set price alerts. Charts can also be customised via the right-click menu.
Mobile App
The LCG Trader mobile app preserves nearly all of the features of the browser-based desktop version, including comprehensive charting, one-tap trading, and high-speed execution. The first suggested step is to create a watchlist of the most traded items on the mobile app, allowing for quick mobile access.
After creating a watchlist, an order ticket may be created by touching on the instrument to be traded, which brings up a fast deal ticket. The stake amount is then determined, and a buy or sell order is issued, as well as a stop loss, if necessary.
The entire charting package features are accessible from the chart’s full-screen mode.
What education & analysis resources do LCG provide?
LCG’s research and teaching services are particularly outstanding, having been named “Best Forex Fundamental Analysis Provider 2016” at the UK Forex Awards. All traders get access to daily and weekly fundamental and technical analysis video resources.
A complete set of analysis tools and instructional videos on a wide variety of fundamental and technical analysis concepts are also given to assist traders in making the most use of the resources at their disposal. Free webinars are also a key component of the platform’s analysis and education area.
79% of retail investor accounts lose money when trading CFDs with this provider.
