London Capital Group review 2018 » Mor than 7,000 financial instruments

Last updated & tested: 16.10.2018

The London Capital Group is an exchange which many people use to conduct spread betting. This exchange offers 7 thousand financial instruments for trading across 9 asset classes. So, there are a large amount of options for trading on this exchange. There are also multiple high quality trading platforms, multiple account options, and 24-hour client support. This guide will provide all of the key information that you need to understand the offerings of the London Capital Group Exchange.

Highlights
  • London Capital Group has spread betting
  • 7000 financial instruments available for trading
  • 9 asset classes
  • 24-hour customer support
7.
of 9 Spread Betting Broker
LCG
LCG Experience
Trader Rating
Go to LCG opinions
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Risk warning: Capital can be lost. Terms and conditions apply.
Headquarters and regulation

UK (FCA)

Fees and Spread

Spread only

Lever

up to 1:30

Mini contracts tradable

No

Trading platform

MT4, Broker-owned Software

Mobile Trading & Apps

Demo account

Yes, unlimited

Underlying assets

4812

Minimum deposit

£ 0

Services & additional benefits

Live
Hotline
E-mail
Economic Calendar
Videos
Courses/Seminars

1. Trading Offer

1) Spread Betting
: LCG has a good spread betting trading offer

Spread betting is available on the LCG exchange to all traders who want access to a tax-free way to trade the financial markets. If you would like to spread bet on the LCG, then you can do so for indices, commodities, shares, and forex. There are thousands of different assets to spread bet. There are two different trading platforms that can be used for spread betting on the London Capital Group exchange. Both of these platforms are extremely high quality and have earned a good reputation in the industry.

6
Indices
Number
6
Raw materials
Number
4800
Stocks
Number

Another important aspect of the LCG Spread Betting Trading Offer is the fact that brand new traders will get a 10 percent bonus when they first create their accounts. You have to deposit at least 500 GBP to earn this reward, however. Also, it comes in the form of credit for use on the LCG website, not cash. However, this bonus can still be quite significant, especially if you deposit more than 10,000 GBP.

Trader Rating
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  • Tax free spread betting available on the LCG exchange
  • 10 percent bonus when you first sign up
  • Spread betting available for indices, commodities, shares, and forex.
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Risk warning: Capital can be lost. Terms and conditions apply.
2. Costs

2.) Spread Betting Trading Costs:


 The fees are reasonable on LCG

If you are unfamiliar with the concept of spread betting, it is when you place a bet on whether or not a certain asset will rise or fall in price. You are not buying the underlying asset, only placing a bet on its price movements. Fees for spread betting are as low as 0.3 EURUSD, 0.5 GBPUSD, or 0.4 USD/JPY. These fees are very reasonable and highly competitive for the spread betting industry. The maximum leverage that is available for trading on the LCG exchange is 30 to 1. This is on the higher end for exchanges and this gives traders and investors a lot of financial freedom.

1:30
Max Lever
1
FTSE spread
£ 0
Minimum deposit
yes
Mini contracts
Tradable

If you place a spread bet and if the price of the asset moves in the direction that you bet, then you will profit. However, if you are going to place a bet, then you should do a good amount of research to determine which direction the asset will move in. Because if you are wrong, then you will lose money.

Trader Rating
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  • Max leverage on the site is 30:1
  • Trading fees start at
  • 0.3 EURUSD, 0.5 GBPUSD, or 0.4 USD/JPY.
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Risk warning: Capital can be lost. Terms and conditions apply.
3. Account

3.) Accounts:


 Many different account types available at LCG

According to this LCG review, There are a number of different account types available on the LCG exchange. There are three primary accounts. The first of these accounts is a demo account. This account does not involve the use of real money. Only fake virtual money is used. The second account is the ECN account. With an ECN account, you get access to unparalleled forex liquidity, spread fees starting at 0.3 pips, and more. You have to maintain an account balance of $10,000 to qualify for this account, however.

The LCG broker also has an “Islamic Account.” This account enables traders from the Middle East to trade without violating Sharia law. This makes the exchange much more desirable to many Islamic traders who do not want to go against their traditional customs. LCG also offers a CFD account. This account type is specifically for CFD trading. So, there are a number of account types to choose from. There are also VIP services if you would like to step your account up to the next level and get premium advantages.

Trader Rating
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  • Many different account types available
  • LCG has an Islamic account available for customers from the Middle East
  • Many other exchanges do not have Islamic accounts
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Risk warning: Capital can be lost. Terms and conditions apply.
4. Platform

4.) Spread Betting Trading Platforms:


 LCG has world-class trading platforms.

The first of LCG’s trading platforms is called the LOG Trader. According to this LCG review, this platform extremely fast trade execution, world class charting, and a customizable interface with one tap trading. This is an excellent platform for beginner and experienced traders alike. It is very easy to use and has a very clean and efficient design. This platform also has a full suite of technical indicators and drawing tools.

MT4
metatrader
MT5
metatrader
IOS
Android
Broker owned Software

Further, with the LOG Trader platform, you can trade directly from your browser. This is a significant advantage. The second option for trading platforms offered by LCG is the MT4 platform. This platform has powerful charting functions, a high number of available indicators, and algorithmic trading functionality. Both of these platforms are very high quality and will help you to conduct your trading in a very stress-free, and efficient manner. The indicators and charting tools are also very helpful. They can help you to generate insights and key information for your trades. This can be very beneficial.

Trader Rating
LCGreview_summary_group_4_image
  • Two main trading platforms
  • These platforms are the LOG Trader and the MT4 platform
  • Both platforms are excellent in terms of charting tools and indicators
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Risk warning: Capital can be lost. Terms and conditions apply.
5. Usability

5.) Usability of the Website:


Construction: The Website is very easy to use

Users who are visiting this website for the first time should have absolutely no problem navigating it, according to this LCG review. It is very simple to find the information that you are looking for on the website. The entire site is sensibly structured. There is a tab menu at the top of the site which makes it very easy to find any information that you’re looking for. The tab menu has the following tabs: LCG Group, Markets, Platforms, Analysis and Education, and Partners. All of these tabs have subheadings which provide links to all of the information that you will need. Further all of the main products on the website are well advertised. So, you will not have to spend a significant amount of time looking for them. This makes using the site a lot easier. The color scheme of the website is mostly white, black, and teal blue. This makes the site easy on the eyes and makes It more enjoyable to navigate. Overall, the site is very well designed, and you should not have any trouble finding the info that you are looking for.

Trader Rating
LCGreview_summary_group_5_image
  • Website is very easy to use
  • Top products are well advertised and are easy to find
  • Color scheme is white, black, and teal blue
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Risk warning: Capital can be lost. Terms and conditions apply.
6. Support

6.) Customer Support: The site has multiple 


contact options

If you would like to contact customer support for LCG, then there are many different ways to do so. You can reach them by phone, by email, or by snail mail. The phone number is +44 (0) 207 456 7020. This number is open Monday through Friday. The email address for LCG is [email protected] This is another good way to contact the LCG broker. However, it is not quite as fast as phone support is. Calling the phone number is the single fastest way to get your customer service issue resolved.

E-Mail
Telephone
Live-Chat
On the spot

However, if you do not have access to a phone or do not want to make international calls, then email is the second fastest route. It will most likely take you a day or two. Of course, the slowest way to contact LCG is to reach out to them through snail mail. It can take over a week to get a response if you decide to take this route. However, this route is still preferable for some people. If you prefer snail mail, then the address is United Kingdom, London Capital Group, 77 Grosvenor Street, Mayfair, London, W1K 3JR. There is VIP customer service available if you choose to opt for VIP services. However, VIP services cost additional money.

Trader Rating
LCGreview_summary_group_6_image
  • 3 customer support options
  • Phone, email, snail mail,
  • Customer service for the company is very good
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
7. Payment

7.) Methods of Payment:


 Multiple options are available.

A good broker comparison. Will tell you that LCG accepts a number of different payment options. For example, it accepts bank transfers, credit cards and debit cards. The credit and debit cards that the exchange accepts are VISA and MasterCard. LCG does not accept e-wallets such as PayPal or Neteller. So, if you are currently using online wallets for trading and if you are thinking about opening a trading account on LCG, then you will have to switch to bank transfers, credit cards, or debit cards.

  • banktransfer
  • creditcard

Withdrawals are always free on the site. However, there are some fees for credit card deposits. These fees are 2 % of the transaction. So, if you are thinking about making an account with the LCG broker, then you will save money by doing so with bank transfers or debit cards. The processing times for all payment methods are typically one business day. So if you make your deposit or withdrawal on any business day besides Friday, you should expect the transaction to be completed the next day. Bank transfers are the best way to go in most cases.

Trader Rating
LCGreview_summary_group_7_image
  • 3 payment methods are available for LCG
  • These payment methods are bank transfers, credit cards, and debit cards
  • Credit cards have two percent withdrawal fees, however deposits are free for all methods
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
8. Offers

8.) Additional Offers: LCG has a number of additional offers

A good spread betting broker comparison will tell you that one of the best additional offers that LCG has available is a demo account. You can use the demo account offered by LCG to master the art of trading, and to practice as much as you need to before you are ready to start trading using real money. LCG also has an extensive analysis and education section with many helpful resources available. These resources include an economic calendar, technical analysis, market research, seminars, webinars, training videos and more.

E-Mail
Economic calendar
E-Book
Videos
Courses or Seminars
Demo Account

LCG has one of the most comprehensive and helpful analysis and education sections that you will find for online brokers. You can use these resources to help you learn to be a better trader, or to help you gain crucial insights for your trading strategy. Not all exchanges have these resources available, so the fact that LCG does, puts it ahead of many other exchanges. There is also a very thorough glossary available on the site. So, you can use this if you are having trouble understanding a trade concept or definition.

Trader Rating
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  • LCG has many additional resources
  • Analysis and education tools are some of the main additional resources available
  • These resources can be truly beneficial
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
9. Regulation

9) Regulation & Deposit Protection: LCG is licensed and regulated

Licensing (licensing country or SH license) Stock exchange listing Encryption of data and website (VeriSign etc.) Protection of minors (age check for payment transactions) Certifications: eCogra, GamCare

London Capital Group is licensed and regulated in the UK and Wales by the Financial Conduct Authority. Its license number is 05497744. The fact that it is licensed and registered by this government authority means that it is subject to very strict scrutiny and must comply with all relevant financial laws. LCG uses SSL encryption to protect the security of the financial and personal data on the website. This encryption is very secure, so you can rest assured, knowing that your data is very safe when you used LCG.

FCA
Regulatory Authority
MIFID II
Yes
50000
Dep. Protection

Minors are not allowed to make trading accounts on the exchange. This is because in most countries, minors are not deemed mature or intellectually developed enough to make sound trading decisions. So, if you are a minor, then you will simply have to wait until you are of age if you would like to start trading on LCG. However, if you are of legal age, then you will be able to open a trading account and legally start trading. However, even adults can still lose a lot of money on bad trading calls.

Trader Rating
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  • LCG is licensed and regulated
  • Financial Conduct Authority in the UK regulates the exchange
  • Minors cannot trade on LCG
Go to Broker
Risk warning: Capital can be lost. Terms and conditions apply.
10. Awards

10.) Awards: 


Awards: LCG has won many awards

If an exchange has won a large amount of awards, then it is a very good sign. This is because industry awards are a mark of quality. It is difficult to win prestigious industry awards. So, the companies who win them are typically very good. LCG has won many different significant awards. These awards include Best Mobile/Tablet Trading Application – Shares Awards 2016, the Best Forex Fundamental Analysis Provider – UK Forex Awards 2016, the Best Use of Social Media Award – Online Personal Wealth Awards, and many more. It is important to note that the awards that the LCG has won span many different categories and are not just limited to one area of an exchange’s business offerings. The fact that LCG has won awards in many different categories speaks to its high quality as an online broker and provider of spread betting. If you are looking for an excellent quality online broker, then LCG one of the best spread betting brokers, and could be great for you. You should be able to tell this simply by looking at all of the awards that the company has won.

Trader Rating
LCGreview_summary_group_10_image
  • LCG has won many prestigious awards
  • These awards indicate the high level of quality of the exchange
  • All of these awards won are a sign that this broker is a good choice for you
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Risk warning: Capital can be lost. Terms and conditions apply.

Conclusion : LCG as your spread betting broker?

When selecting a spread betting broker, it is important to find one that has excellent trading platforms, many awards won, great educational resources, that is licensed and regulated by a powerful government authority, that has a demon account, that has multiple high quality trading accounts, and that has a good reputation. The London Capital Group is an online broker that possesses all of these qualities. This is relatively rare for an online broker, and so, you should take this exchange very seriously if you are looking for an exchange to conduct your spread betting on.

However, if you do not like this exchange for some reason, then there are many, many other exchanges out there on the internet that you can choose from. If you are undecided about this exchange, then you can simply create a demo account, test out all of the features, and get a much better understanding of the broker. Then if you like the results, then you can continue with this exchange. If not, then you can simply try out a few other ones until you find one that you really like. It shouldn’t take more than a couple of tries.

Strengths

  • won a lot of awards
  • many trading platforms
  • Tigh spreads
  • Many tradeable assets

Weaknesses

  • No educational materials
  • Some deposit fees
Test result
Total

Ratings
0
Broker
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Risk warning: Capital can be lost. Terms and conditions apply.
LCG
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Risk warning: Capital can be lost. Terms and conditions apply.

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