Broker Details
Minimum Trade Size: | 0.01 |
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Maximum Leverage: | 500:1 |
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Minimum Deposit: | $1 |
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Established: | 1996 |
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Address: | 3rd Floor, 80 Cheapside, London, EC2V 6EE, United Kingdom |
Customer Service: | uk@lcg.com, +44 (0)20 7456 7020 |
Regional offices: | |
Regulations: | SCB #No. SIA-F194, CySEC #No. 341/17, FCA #FCA no. 182110 |
Prohibited countries: |
Trading platforms: | MT4, LCG Trader |
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WebTrader: | ✅ Yes |
Mobile Trading: | ✅ Yes |
ECN: | ✅ Yes |
Trading Instruments |
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Currencies: | (60+) |
Cryptocurrencies: | |
CFD: | (70+) Gold, Silver, Stocks, Bonds, Oil, Other Commodities |
Trading Conditions |
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EAs/Robots: | ✅ Yes |
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News Spike Trading: | ✅ Yes |
Scalping: | ✅ Yes |
Managed Accounts & Social Trading |
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MAM: | ✅ Yes |
Deposit Methods: | Bank Wire (Bank Transfer), VISA, MasterCard, Neteller, Skrill, UnionPay |
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Withdrawal Methods: | Bank Wire (Bank Transfer), VISA, MasterCard, Neteller, Skrill, UnionPay |
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LCG.com profile provided by LondonCapitalGroup, May 12, 2015
Company name: London Capital Group
Foundation date: 1996
Forex unit foundation date: 1996
Controlled by: FCA regulated and LSE listed
Clients: 4000
Leverage: 300:1
Commission: Our low commission charges are included in our FX spreads so there are no hidden fees.
Pip spread on majors: From 0.6 pips
Mini Account: n/a
Minimal payment for Mini Account: n/a
Regular Account: Yes
Minimal payment for Regular Account: none
Services: LCG is a leading provider of online trading servicesproviding execution in FX, CFDs and spread betting on 3,000 instruments on MT4 & other platforms (FX, indices, commodities, single stocks). Our experienced team of industry experts connects retail and institutional clients to the markets worldwide through leading-edge trading technology, superior customer service and unparalleled insight. Up to ?7,000 welcome bonus for all new accounts (Ts&Cs apply).
Language: English, Spanish, French, Italian, Chinese, Arabic
24-h trade: Yes
Free demo account: Yes
Online live help Yes
Main office: London, United Kingdom
telephone number +44 (0)20 7456 7681
Fax number: n/a
E-mail: [email protected]
www: http://www.londoncapitalgroup.com
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Traders Reviews
Strongly not recommended
Regret opening an account
My LCGtrader account number is 1058648
This is a scam
My deposit $ 500 has disappeared.
I have negotiated with UK & SCB many times, but only say that LCG is processed correctly.
I judged that it was impossible to negotiate with LCG.
LCG is scary.
LCG told me to add $ 500 with a credit card. LCG was trying to take $ 1,000 from me.
Save all chats and emails.
LCG is terrible. Do not trust LCG.
LCG is not sincere.
We will refuse the settlement of $ 500 by contacting the credit card company.
I will protect my money from LCG.
LCG is a fraud broker.
I have all the evidence.
ここは本当に詐欺としか言えませんから、絶対に入金したらダメ!
僕はカードで入金したので、カード会社でSTOPさせることが可能ですけど、銀行送金していたらお金は絶対に戻ってこなかったと考えています。
ロンドン証券所に上場しているLCGですが、こんな詐欺会社は倒産した方がいいです。
LCGは悪魔ですΨ(▼∀▼)Ψ
SCAM - NOT PAY PROFIT! Stay away!
LCG eat my deposit $300
SCAM - Not pay profit
If you check on FOS database you will find lot of claim against this broker.
The are scam!!!
Guy stay aware from this bad market maker, if you loose, they get your money in their pocket. If you win they will never give you a Penny! Everybody can open a brokerage firm acting like this!
I have opened an account with LCG, My account number is 5035130, and start trading using MT4 platform, I trade CFDs with LCG I focused on wall street, everything was good I started making profits, I requested a withdrawal of $1600, the withdrawal was successful and I received the money, I continued trading I made good profit and here came the problem I requested a withdrawal of $5000, the amount was deducted from my account and I resumed my trading as usual until I received an e-mail informing me that the withdrawal was unsuccessful few minutes later after receiving the e-mail trading on the platform was disabled and all my profits were gone and my balance became zero, I contacted my account manager he told me that your account is under investigation and we’ll get back to you soon. I waited two days and nothing received from them no e-mails no phone calls, I contacted my account manager again and told him that how could you do this disable my account wipe out my profits without any explanation, he told me that we are still waiting for reply from relevant department and we’ll get back to you soon, After five days (from Monday to Friday) on Friday I received the following e-mail from LCG:
“Dear Mr. Jafar Kilany,
In accordance with Section 26.2 of the LCG’s Terms and Conditions (the “Client Agreement”), which can be accessed here, you are hereby given written notice that LCG Int. Limited (the “LCG”) intends to close your trading account. Any remaining funds will be returned to the source they were deposited, as per the relevant terms in Client Agreement.
Please treat this notice as an official termination of your business relationship with LCG and, thus, the termination of Client Agreement you have with LCG Int. Limited. “
Still no explanation why they do this, the only reason that I can see is the profit I made.
By the way most of my trades are placed manually, only very few trades places by expert advisor and with small lot size, All the good profit came from the manual trades.
So if you lose money LCG welcomes you if you make money LCG will kick you out, Maybe it is ok with them if you make couple of hundreds of dollars from $10000 deposit, But if you make $10000 from couple of hundreds of dollars trust me LCG will wipe out your profits and kick you out, and they will take an advantage of any section of their Terms and Conditions to do that. As they did with me, In accordance with Section 26.2 of the LCG’s Terms and Conditions they gave themselves the right to rob me.
LCG is a Fraudulent Broker
One of the better brokers
Frequently Asked Questions
What is LCG?
LCG stands for London Capital Group, is an online forex broker. LCG offers the following assets to be traded on MetaTrader 4 and LCG trader.
- Forex
- Spot metals
- Indices
- Shares
- EFTs
- Vallina options
- Commodities
- Bonds & Interests Rates
Is LCG regulated?
LCG Group is regulated in 3 countries.
- London Capital Group (BHS) is authorised and regulated by the Securities Commission of Bahamas (SCB) with License No. SIA-F194
- London Capital Group Limited is regulated by the Financial Conduct Authority of United Kingdom (FCA no. 182110)
- London Capital Group (Cyprus) Limited is regulated by the Cyprus Securities and Exchange Commission (License No. 341/17)
What is the minimum deposit for LCG?
Although there is no minimum deposit required by LCG to start trading, you are suggested to fund your account with enough to cover the margin requirement for the trade you wish to open.
What is the maximum leverage for LCG?
The LCG maximum leverage varies depending on the pairs you trade.
- Major pairs: 500:1
- Minor pairs: 200:1
- Exotic pairs: 50:1
I deposit 1000$ after few weeks i asked them to withdraw 1000$, without profit. They ignored me during 2 weeks. In chat they said "Because we are still waiting for the update from the compliance department as I explained. Once it's approved we will contact you by email immediately"