London Capital Group Review 2017

London Capital Group Review 2017

London Capital Group Review 2017

Do we have a great broker for you this time! London Capital Group started its journey way back in 1996 and is one of the most experienced online trading companies in the world today. More than twenty years of excellent service have resulted in numerous prizes and even more clients, so if you’re looking for a reliable trading partner these guys are just what you need.

We recently stopped to take a look at their offer, which resulted in this London Capital Group review. There really are a lot of interesting features you can take advantage of on this website, so go ahead and find out all about them in the following paragraphs.

No matter if you’re a beginner or a seasoned trader – read on!

PROS

CONS

– no minimum financial requirements

– excellent trading platform

– a huge number of trading options

– loads of experience

– great support

– well-known and respected around the world

– no bonuses

London Capital Group Review | Account types

Ok, so you want to trade with this broker – what’s the first thing you need to do? Well, you need to open an account, of course. You can choose between three main London Capital Group accounts: Islamic, ECN and CFD trading accounts. For each of them, the basic registration process is the same and requires you to complete three simple steps where you provide the company with your contact details, personal details and trading experience. You can also contact the customer service and ask them to create an account for you.
So what do these LCG account types offer? Let’s take a look. Islamic accounts allow Muslim traders to trade without swap and rollover interest, in full accordance with Sharia law. ECN accounts, on the other hand, are focused on forex trading and offer great forex liquidity. Furthermore, the spreads here sometimes don’t even exist (0 pips), which is a big advantage and something you definitely must keep in mind. However, your account balance has to be at least 10,000$ if you want to qualify for this account type. Finally, CFD accounts also have some very interesting features to offer including literally thousands of trading instruments, loads of analytical tools and more. So, however you want to trade, here you will have everything you need to be successful, no doubt about that. But there is also one more account type you can open, one that will help you improve your trading skills. Stay with our London Capital Group review to learn all about it!

London Capital Group Account Types

London Capital Group Account Types

London Capital Group Review | Demo account

London Capital Group demo account is the best possible way to explore this broker’s offer. Each of the three aforementioned account types has its demo version which is extremely easy to open. You only have to fill out a short form (only one step in this case), and your demo login will be a breeze every time after that. This will give you access to Metatrader 4 and loads of analytical tools, so you can test everything out very thoroughly. Virtual USD will also be awarded to you in order to allow you to execute virtual trades. You have 30 to 60 days to make the most of your LCG demo account, which we believe to be more than enough to familiarize yourself with everything this company has to offer, but you can ask for an extension of the expiry date, as well. We sincerely recommend you go through all platform tutorials and other educational materials available on LCG’s website and test your newfound knowledge with the help of this account. This is all completely free, so why not take everything the company has to offer and improve your chances when trading on the real market? It will help you a lot, just like many other interesting features you can find here. The rest of this London Capital Group broker review will tell you all about them, so keep reading!

London Capital Group Demo Account

London Capital Group Demo Account

London Capital Group Review | Deposit

Once you decide which (real) account type you want to open and complete the LGC login, it’s time to deposit some funds in order to be able to start trading. And here we immediately have some great news for you because there is no fixed London Capital Group minimum deposit requirement. Simply, you need to have enough in your account to cover the margin of the trade you want to open. Margins vary depending on the market you choose, but you can check their exact value whenever you want because this company has some very detailed information on each of the markets they offer.

As for the London Capital Group deposit methods, there are several of them you can use. Naturally, bank transfers are one choice, but the selection of debit and credit cards is where this broker really excels. You see, pretty much all major cards are accepted here, the only exception to that being American Express and some versions of Visa Electron cards. What’s more, apart from depositing online, you can also make your deposit by phone if that suits you better. Just keep in mind that London Capital Group will apply a 2% deposit fee if you decide to use a credit card to fund your account. On top of all this, however, you can also opt for Skrill as your payment method. This online payment system is quick and very easy to use, so it can be considered an excellent alternative to those two other, more standard methods.
After a while, there will come a time when you want to make a withdrawal. To find out how that process works, just stick with our London Capital Group review a bit longer.

London Capital Group Deposit Page

London Capital Group Deposit Page

London Capital Group Review | Withdrawal

This is probably the most important part of every trading experience. You don’t want any problems when the time comes to withdraw your profits. The whole process has to be smooth and quick. That’s why London Capital Group withdrawal deserves a paragraph of its own in this guide and here too we have only good news to share with you.
Just like with the minimum deposit, there is no minimum LCG withdrawal requirement, either! This kind of financial flexibility is extremely rare to find in this industry, so we can certainly consider it a big plus for the broker. However, we should say the company reserves the right to refuse to execute a withdrawal lower than 50 GBP, but this is done only in extreme circumstances and on very rare occasions (suspicion of money laundering or something along those lines). All of the methods we enumerated in the part about depositing money can be used here too, but the good news is that you will only have to pay an LCG withdrawal fee for one of them. If you choose to get your money via a bank transfer, a fee of 20 EUR will be applied. Apart from this, there are no other limitations, which means you can withdraw whenever you want. We have to emphasize that our every London Capital Group withdrawal was executed extremely quickly and that we never experienced any problems at all. That was to be expected, of course, but still we thought this needed to be said.

London Capital Group Withdrawal Page

London Capital Group Withdrawal Page

Now that we’ve gone over everything you need to know about the payment methods on this website, it’s time to switch to another interesting topic. Which one? Keep reading this LCG review and you’ll find out.

London Capital Group Review | Trading platforms

Apart from money transfer methods, your broker’s trading environment is the most important aspect of the company’s offer. You will be making decisions based on what you see there, so it’s absolutely critical that everything works perfectly. That’s why now we’re going to talk about London Capital Group trading platforms – you have two choices here, and we will show you what each of them has to offer.
The first LCG platform is the company’s own creation known as LCG Trader. 5000 different assets divided into seven different classes are at your disposal here, with the platform’s excellent design helping you find what you need with zero effort. Customizable interface and an incredible charting package are also a part of the equation, plus you will be able to enjoy this broker’s unique price improvement technologies. Low latency is combined with high execution speed to make sure you can always react instantaneously, so you really can’t go wrong with this platform, all things considered.

London Capital Group LCG Trader

London Capital Group LCG Trader

But there is another option, another London Capital Group platform you can use. The good old Metatrader 4 is also available on this website, which will surely make more experienced traders very happy. As you probably know, this trading platform is a standard in today’s trading industry mostly due to its reliability and simplicity. Don’t worry about extracting the necessary information from the market, though, because there are loads of tools and indicators more advanced traders can use, as well as advanced trading algorithms to help you out, all wrapped in excellent interface. Without any doubt, LGC mt4 is an excellent choice.
In short, no matter which LCG trading platform you choose, you will be able to react quickly, extract all the necessary information and open your trades in a matter of seconds. Even if you only have a mobile device on you. Yes, mobile trading is available here too, and the analysis of this aspect of the broker’s offer is coming up in the next part of our London Capital Group review. Don’t go away!

London Capital Group Review | Mobile apps

Both of the aforementioned trading platforms also have a mobile version, so let’s now take a look at how these versions look and what you can expect from them.
Once again, we’ll start things off with a look at LCG Trader. You can download this London Capital Group mobile platform from both Google Play and the App Store, which will allow you to trade from your device’s internet browser with ease. Of course, this is all completely free. You lose nothing compared to the desktop version – thousands of assets are still here, you can trade forex and CFDs with very tight spreads and be able to access the market literally whenever you want. Additionally, the charting package retains its same high quality in this version, too.
The other LCG app you can choose is, of course, the one based on Metatrader 4. Here too you can expect a wide variety of excellent features because the broker went out of its way to make sure you’re satisfied. Not only can you download this product from Google Play and the App Store and use it on pretty much all smartphones and tablets, but you can also download the MetaTrader 4 MultiTerminal from the broker’s website. This allows you to trade from multiple accounts at the same time! Additionally, the LCG price improvement technology is also included in the package, as are customisable charts with many different technical indicators. On top of all that, London Capital Group also allows you to launch MT4 Web Trader with a single click, so we can honestly say that all the options this legendary platform has have been extremely well covered.

London Capital Group Mobile App

London Capital Group Mobile App

With that, we think we have now covered everything you need to know about your trading environment on this website. However, we still have much more ground to cover in this LCG broker review, so stay tuned.

London Capital Group Review | Support and contact methods

With this many options at your disposal, you may need someone to explain to you in more detail how things work around here. Don’t worry, though – you can contact the support team very easily and resolve everything in a flash. So let’s take a look at the available contact methods, shall we?
The support team can be reached from Sunday 10 pm (GMT) to Friday 10 pm (GMT). During that time you will be able to use the live chat app on LCG website and instantly receive all the information you need. The people here are very pleasant to talk to, but also very well trained, so you can count on perfect service every single time. Apart from that, you can contact the company by phone, as the sales department’s phone number and the number of the dealing desk are clearly stated on the website. Of course, London Capital Group can also be contacted by e-mail (a form is waiting for you on the broker’s contact page), and you can expect the same speed and high level of service when using this contact method.

London Capital Group Contact

London Capital Group Contact

It is interesting to note how active this broker is on social networks. You can follow them on Facebook, Google+ or LinkedIn and there’s even a London Capital Group Twitter account. Once again, the broker was very quick to respond to us.
Finally, we will mention that the company’s physical address is also clearly stated on the website, plus there are even detailed instructions on how to file in a complaint properly, but we honestly think you won’t be needing that when trading here.
As you can see, the support functions absolutely flawlessly, so we can now move this London Capital Group review on. There are many other features that can influence your LCG investments and we will analyze them in the following parts of our text.

London Capital Group Review | Leverage

Many of you will want to know how much leverage you can get when trading here, as this can affect your investments quite seriously. Well, there is no single answer to that, since the London Capital Group leverage comes in a variety of shapes and sizes. Allow us to show you what that means.
Most markets available to you here are divided into four different tiers (only ECN trading has three), and each of them offers different leverage values for different margin groups. So depending on what kind of trading you’re interested in, your LCG leverage will vary. For example, the biggest leverage you can get here is the one for top-level and second-level bonds in the first tier. Here, the leverage is as high as 1000. On the other hand, for top-level tier 1 indices the leverage is set to 500 and the same goes for tier 1 forex majors. The further you go down the tiers, the lower the leverage gets, but it should be quite obvious from the numbers we’ve mentioned so far that the bar is set exceptionally high. Simply, there really aren’t that many brokers that can offer you something like this – yet another feature that sets this company apart from its competition. But our London Capital Group review is still not over: see what else sets these guys apart from everyone else!

London Capital Group Leverage

London Capital Group Leverage

London Capital Group Review | Other features

It should be pretty obvious from all this that London Capital Group is a regulated and professional company, which means you don’t have to worry about your personal safety or the safety of your money. However, if you want to check the security system here, you can do so by reading our Is London Capital Group a Scam analysis.
On top of that, with this broker you can be absolutely certain that you will never be out of the loop. This is because the news section on their website covers three different categories (technical, equities and macro) with several articles every day. Each of these texts is actually an analysis of the market by LCG’s experts, so we really think you should take a look at what these very experienced people have to say, since it can help you a lot with your investments.
We must also mention that London Capital Group invests a lot into educating their clients, a fact which we have already touched upon in this article. This can best be seen from a huge collection of trading videos you can watch which cover trading basics, technical analysis and fundamental analysis. With more than 20 videos there, you will surely find something that can help you improve your trading skills. Apart from this, the broker also offers webinars. They are meant to keep you informed on potentially big financial events, so this is a great place to test your theories and discuss them with fellow traders.

As you can see, this is almost a perfect broker. We say “almost” because there are no London Capital Group bonus deals at the moment. That’s the only thing we saw on other trading websites that we did not find here. However, if you hate the turnover requirements these bonuses usually carry, you probably wouldn’t take these deals in the first place, so it’s not that big of a problem.
Before we go, however, we would like to point out a cooperation that will vividly show how respected this company is, even outside the trading industry. The last paragraph of our London Capital Group review is near!

London Capital Group Review | Stan Wawrinka

We said on several occasions that if a company can make a deal with a celebrity or a team, with someone who is not a part of the trading industry, this can be taken as a proof of their reputation and reliability. Well, London Capital Group has made one such deal because they are an official sponsor of Stan Wawrinka, a three-time Grand Slam champion. This excellent tennis player won the Australian Open in 2014, the French Open in 2015 and the US Open in 2016 and is among the very best players in the world. He is also an Olympic gold medallist from 2008, when he won the doubles tournament in Beijing with the legendary Roger Federer. Additionally, Wawrinka is also among players who have won the most prize money from tennis tournaments, so when a company gets to team up with a player like that you know they are a well-respected and desirable business partner. The deal between Stan Wawrinka and London Capital Group is the perfect way to wrap up our article, but we have also prepared a short recap for you before we go.

London Capital Group Home Page

London Capital Group Home Page

London Capital Group Review | Conclusion

In the end, there is nothing left to say except to state one more time that LCG is one of the very best CFD and forex brokers in the world for a very good reason. They have been in this industry for more than two decades and know very well what their traders want, like and need. This company offers several different account types, including a completely free demo account you can use to explore the website without any financial risk. The money transfers are exceptionally smooth and can be done in numerous different ways, while the experience you get on this broker’s trading platform is simply amazing. The leverage is very high, but varies depending on what you’re trading, so you should research it thoroughly before you place your first investment.  All of that is backed by excellent support, which means you will never feel left behind or unable to get an answer to any of your questions. Of course, you can also trade on the move thanks to this company’s great app, plus the whole organization even managed to team up with one of the very best tennis players in the world.
In short, our London Capital Group review can only be described as a complete success. We enjoyed our time on this website very much, and it showed us how these people manage to stay at the very top of this demanding industry every single month. Open an account with them if you want to experience the very best of CFD and forex trading!

Author's overall rating:
Author: Ben Prescott
Updated:

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