LCG
- Trust score
- 5/10
- Legal simplicity
- 6/10
- Min. deposit
- 10
- Payment systems
Features
- Seminars and training
- Daily market analysis
- Low minimum deposit
- Islamic accounts
- Segregated client accounts
- ECN accounts
- Affiliate program
- Wide range of trading instruments
Pros
- No notable advantages are documented for this broker.
Cons
- No notable drawbacks are documented for this broker.
Updated:
LCG (London Capital Group) is a UK-based broker founded in 1996, regulated by the FCA in the UK and CySEC in Cyprus. Its Bahamas-registered entity, LCG BHS, serves clients outside the UK and EU with higher leverage. The broker offers MT4 and its proprietary LCG Trader platform, with client funds held in segregated accounts at top-tier banks.
LCG offers commission-free Classic and ECN accounts, seminars, daily market analysis, Islamic accounts, and a wide range of tradable instruments, with a minimum deposit of $10.
Company profile
- Broker name: London Capital Group (LCG)
- Founded: 1996
- Headquarters: London, United Kingdom
- Regulators: FCA (UK), CySEC (Cyprus)
Regulation and fund safety
LCG has operated since 1996 under the oversight of the UK's Financial Conduct Authority (FCA) and Cyprus's CySEC. Clients outside the UK and EU are served through its Bahamas-registered entity, LCG BHS. Client funds are held in segregated accounts at top-tier banks, separate from company funds, with a compensation scheme available if the broker becomes insolvent.
Leverage
- EU and UK clients: capped at 1:30 on major forex pairs under ESMA rules, with lower ratios on other instruments.
- International clients (LCG BHS): up to 1:500.
Account types
- Classic Account: commission-free, low spreads across more than 7,000 instruments.
- ECN Account: direct market access with zero spread; commissions from $10 per lot on MT4 or $45 per $1,000,000 on LCG Trader; minimum deposit $10,000.
- Islamic Account: available for traders following Sharia principles.
Fees and spreads
The average EUR/USD spread is 1.45 pips, though it varies by platform and account type. LCG does not publish figures for inactivity or withdrawal fees.
Trading platforms
- LCG Trader: the broker's proprietary platform with market data and strategy analysis tools.
- MT4: the widely used MetaTrader 4 platform.
Tradable instruments
LCG offers ETFs, more than 3,500 stocks from global markets, bonds, indices, commodities, spot metals, forex pairs, and traditional options.
Deposits and withdrawals
The minimum deposit is $10 in USD, EUR, or GBP, though traders need enough funds to meet margin requirements. Deposit methods include bank transfer, debit/credit cards, UnionPay, Skrill, and Neteller. Withdrawals are typically processed within one business day and are usually free of charge.
Additional features
- Base currencies: EUR, USD, GBP, CHF
- Maximum leverage: 1:500
- Demo account: available
- Mobile trading: supported
- Web terminal: available
- Social trading: supported
- Trading signals: available
- Automated trading: supported
- Affiliate program: available
Verdict
LCG operates under FCA and CySEC oversight with a wide product range and a choice between LCG Trader and MT4. The ECN account's tight spreads suit experienced traders who can meet its $10,000 minimum deposit, while the $10-minimum Classic account is more accessible to beginners.
