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LCG Broker Review

Author Author:  Jeffrey Cammack Published: Jan 7, 2020
Editor Editor:  Chris Cammack Updated: May 10, 2023

Last Updated On May 10, 2023

Jeffrey Cammack
Broker Score
3.95 3.95 / 5
🏦  Min. DepositUSD 5
🛡️  Regulated By
💵  Trading Cost 
USD 20
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
AlertMost retail CFD accounts lose money. Your capital is at risk.

Last Updated On May 10, 2023

Jeffrey Cammack

75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website you agree to our Terms of Service.

Our verdict on LCG

Founded in 1996 in London, UK, LCG is a traditional, FCA-regulated broker with a clearly stated product offering. Account types are simple, with a single live account with no minimum deposit and tight spreads, which can also be easily converted into an Islamic swap-free account – an ECN Account also exists but the minimum deposit is 10,000 USD.

LCG has a huge range of tradeable assets – including bonds, interest rates and ETFs – and supports both MT4 and its proprietary LCG Trader platform. Education and market analysis are both excellent and traders also have access to the Trading Central application for further analytical support. 

🏦  Min. DepositUSD 5
🛡️  Regulated By
💵  Trading Cost 
USD 20
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Trust Rating
11110.54.5/ 5
Trading Conditions
1110.503.5/ 5
Trading Platforms
11110.54.5/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
111104/ 5
Assets Available
1110.503.5/ 5
Customer Service
111003/ 5
Beginner Friendly
Standard
Welcome Bonus

Account Information

Base Currencies
Number of FX Pairs
61
Crypto Pairs
0
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Trading Desk
Commission
All Accounts
EUR/USD
1.00 pips
GBP/USD
1.00 pips
USD/JPY
1.00 pips
Negative Balance Protection

Company Details

Company Name
London Capital Group Limited
Founded
1996
Website
Website Language
English
Support Language
English
Office Locations
United Kingdom, Cyprus, Bahamas

Pros

  • Well regulated
  • Wide range of assets
  • Tight spreads
  • Low minimum deposit

Cons

  • Expensive withdrawals
  • Slow withdrawals
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Display Name
Min. Deposit
Max. Leverage
Min. Spread
Commission
CFD Trading
USD 0
500:1
0
Account Details
Islamic
USD 0
500:1
0
Account Details
LCG Trader ECN
USD 0
500:1
0.0
Account Details
MT4 ECN
USD 0
500:1
0.0
Account Details

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AlertMost retail CFD accounts lose money. Your capital is at risk.
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Broker Score
3.95 3.95  / 5
Site Icon Data provided by FX Scouts

LCG Financial Regulation

Regulator License
Regulator License

LCG Trading Cost Comparison

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