London Capital Group (LCG), founded in 1996, continues to follow the highly competitive field of online brokerage. The company’s last rebranding attempt occurred in 2016 with the launch of London Capital Group (LCG) Trader. Together with the ubiquitous MT4 platform and functional mobile app, it is the complete online offering that London Capital Group Forex provides consumers.

London Capital Group (LCG) provides access to a wide range of CFDs and betting tools spread across many different asset classes. As one of the UK’s premier forex brokers, London Capital Group (LCG) offers a wide range of asset classes and a great trading experience. The company’s costs are competitive in the industry, according to people they rank highly for customer service.

With its clear focus on functional simplicity, London Capital Group (LCG) is perfect for novice traders. In addition to its high overall rating, the company has reported being ranked as the winner of the Best Forex Broker for Beginners award.

Low Spreads and Commissions

London Capital Group (LCG) is an ECN/STP broker. They are the matchmaker between you, your order, and the liquidity provider. This is one of the main reasons behind low commissions and competitive spreads. When trading on Forex, pip spreads in majors range from 0.8 (EURGBP) to 1.6 (GBPJPY) with an average of 1.45 pips for EURUSD.

Fees may vary depending on what platform you are using and the type of account you have. LCG tends to favor customers using branded cTrader, charging twice as high commissions on the MetaTrader 4 platform.

A complete list of all commissions and spreads is available on the London Capital Group (LCG) website.

Leverage offered

The maximum leverage for most major Forex currency pairs extends to 1:500 (1:200 for EURCHF and USDCHF). You can also trade with 1:100 for commodities and 1:40 for indices and stocks.

For EU investors, leverage is capped at 1:30 for Forex and lower for more volatile products (1:2 for Crypto for example)

Safety and security

London Capital Group (LCG) states that 8 out of 10 non-professional investors lose money when trading with CFDs. Fortunately, some online brokers believe in transparency and responsibility. London Capital Group (LCG) is one of them, using negative balance protection. NBP ensures that your Forex account never goes into a negative balance – protecting you from debt.

The use of NBP by the company should be one of the criteria when beginners choose between different online brokers.

You will also have the FSCS on your side in the event of an unlikely bankruptcy. The Financial Services Compensation Scheme can be seen as an insurance company that protects customer deposits. In LCG the protection is up to 50,000 GBP.

Demo account

Not ready to open a live account yet? No problem London Capital Group (LCG) offers a demo version and it’s completely free. We especially recommend it to beginners. There is no difference compared to the live version and you can make yourself comfortable with all the features before you start trading. Learning and gaining skills about the platform can be used by beginners.

Gaining access to a demo account is a simple process:

1. Fill in your data.

2. Choose your preferred platform – MetaTrader 4 and LCG Trading platforms are available in demo mode.

3. Decide which currency to use. Choose GBP, USD, EUR, or CHF.

4. Be prepared to roll over.

Note: You can only use the classic account in demo mode.

Bonus

$5000 is a lot of money. But that’s how much you can get from the London Capital Group (LCG) welcome bonus. All new investors get 10% extra money from the first deposit. Due to regulatory restrictions, bonuses may not be available in all locations.

Mobile app

London Capital Group (LCG) presents a great mobile app compatible with iOS and Android. The mobile version works very well. It is possible to place orders, use multiple analytical tools and stay updated with your watchlist. The application is not intended as a replacement for the desktop version of LCG. Rather it is a useful free tool, helping you with your investments wherever you are.

Assets / Markets

We’ve already mentioned London Capital Group’s (LCG) fantastic accessibility in terms of markets, but it’s worth mentioning more. You will get access to more than 7000 global markets across some asset classes. That’s quite impressive. Even the most demanding investors will find what they need:

• Foreign currency (Forex)

• Share

• Commodities

• Interest rate

• Bonds

• Vanilla options

• ETFs

• Index

• Cryptocurrencies

The exact number of markets you can trade will depend on your account. Make sure you read all the information about the various options of London Capital Group (LCG).

By Kekrops

Leave a Reply

Your email address will not be published. Required fields are marked *