LCG (London Capital Group) review: Regulations, Platforms, Trading Instruments and Broker Ratings.

I had a very bad experience with London Capital Group. I wanted to open a position and when I opened my trading account, I found out that my ballance was 0.00 USD! Futhermore, there was a withdrawal, which was not made by me! I haven't received any email or notice from LCG about it!
Later in email, when I inquired about what happened with my account, they simply replied that my activities breach their terms and conditions and closed the case. I am a retail trader and I have my own strategy which is by no means abusive.
I still cannot believe that they deleted all my profits, made a withdrawal and closed my account! They have no interest having you as a client if you make any profit. I would definitely advise you against using their services.

I opened an account with the LCG a few months ago. I believe it is a good brand and name among brokers. Now I see that I was mistaken. They are scammers! It works like a casino house that wants to make money on every client. Practically they don't allow clients to generate any profits, which is against their rules. My account was "robbed" for app. 6,000 USD dollars without any prior notice. Their only explanation was that I was doing latency trading! They didn't prove anything. LCG happily recognize my negative trades. That kind of trade is designed for them! My initial deposit is NOW substantially lower. Warning for all potential clients, don't open an account with LCG because your money is at real stake! LCG is a shame for the industry! Warning sign, stay away from them!!

One day I opened my trading platform and I noticed that Withdrawal of almost all my balance was made from my account. First, I thought of hacker attack, but after I contact LCG I received a shocking email from them that my profits were removed from their side Although I still don't know why. I asked them several times for proper explanation and for a post trade analysis if there is anything that bother them but I received just an silly answer that I breach clause 32.1 ( iv) in their terms and conditions and the investigation is finished for them.

I can't believe my eyes what can FCA regulated forex broker deal with a retail trader. I have account with their Bahamas entity and apparently, they can really make a fool out of us retail trades.

Outrageous, action must be taken against all LCG group!

SCUM

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"

Warning: withholds your money and comes up with yet another excuse to not execute withdrawals.

I was fooled by the cool app and that they are publicly listed and regulated. When I started testing the service I found bad customer service and ignoring my email regarding being unable to trace my last two withdrawals. It's been 3 weeks since the first one of $54 and the two weeks since the second of $28. First email they gave me an ARN code, in a very unprofessional way mind you. which my bank says doesn't show up. The second time they completely ignored me.
My LCGtrader account number is 1058648

Liars and crooks. Will never give you your money back. Beware this is a scam don’t trust them

My deposit of $ 500 has disappeared. LCG Bahamas (SCB)
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

I opened an account and started with 1500 to trade CFD. Made aroud 2k profit in 2 months. When I tried to withdrawal on 17th december, broker did not do it. They replied me that my account is under investingating and that something "abnormal" happened on my account. I am not scalper or something like this so I do not understand what is abnormal on my account! The did not replied me. They are scam broker. I will open a dispute here and also versus compliance.

this is a scam broker , they dont live you profit and eat my deposits $300, I have enough evidence to prove everything I said.