For this article today on Best Forex Broker Review, we are giving you an LCG review! This broker is one of the most searched ones in 2021. Its full name is London Capital Group and has been highly requested for people in this community lately! So, as you can tell, we are diving in to learn and discover what this service has to offer for all of us.
Here we will see what makes this broker stand out from the rest of others online, what benefits we get, and more! Also, we will let you know the basic information around it in terms of usage, trading strategies, and performance. So, this LCG review will be your go-to guide if you are looking to start using this broker anytime soon!
And, before getting started officially, remember that you can get to learn many things about Forex from our website. We have here tons and tons of different articles, reviews, and information that are useful. So, if you want to discover more Forex software and brokers, you came to the right place!
Let´s start this LCG review right on!
What is the LCG Broker About?
The LCG Markets platform is also known as London Capital Group is one of the most complete brokers in the market these days. This service is available across all platforms and uses top-tier technology. Also, these people offer a big number of assets, features, add-ons, markets, and instruments that most brokers don´t have. So, if you are looking for a good broker with professionals working behind it, this one is the right one for you!
Also, just like we mentioned before, this broker allows traders to use around 7.000 instruments in the market while trading. This is a great opportunity because you can customize your experience to the next level. There is almost a world of possibilities waiting to be discovered by you!
And, with this broker, you can trade luxury metals, cryptocurrency, stocks, shares, indices, ETFs, commodities, and all Forex currencies. There is a big number of assets that you can trade, so miss out on this opportunity to get a full broker with everything!
Company Details Overview
The LCG broker (London Capital Group) was founded back in 1996 many years before the market was this big and popular. This company is based in the United Kingdom, specifically in London and Wales. And since then, this company has been known for being one of the few that has lasted through the years on the market while still being successful.
The reason behind this is because this broker gets updated all the time. So it can compete with the best brokers online, even though it has been named one of the best od 2021.
Overall, the LCG company offers many services to its clients. Here you will find information related to education, webinars, market reports, and even more! So that´s why many professional traders say that this broker is a perfect match for beginners in the business. But, even if you are one of the most professional ones, you will find this broker very useful and complete.
LCG Regulations and Laws
Into this topic of the LCG review, it´s time to talk in-depth about the regulations, laws, and security provided by this company. So, we all know that many traders, especially professional ones, don´t like using brokers with no regulations. But, you know what? That´s no the situation with this LCG review! Right now we will let you know about all the companies, businesses, and affiliates involved in this topic.
Thankfully the company is very transparent and honest with this topic and they provide a full list that we can find by the end of their website.
The main company that regulated this broker is the Commonwealth of the Bahamas. And this is the entity that takes care of the crypto and most exclusive assets. Also, some of the affiliates that regulate the broker at the same time are the Financial Conduct Authority. And lastly, the Cyprus Securities and Exchange Commission.
So, by all means, your account is in safe hands there should be no problem while trading with this broker. But, before you go ahead and choose to trade with this company, we advise you to take a look at the risk disclosure. And in there, you will learn more about the laws and licenses that you must consider before using this service. So you can be safe at all times!
LCG Trading Platforms Supported
As far as we have gone on this LCG review, it´s time now to disclose all the things about the platforms you can use to trade. And to our surprise, this broker trades using the MetaTrader 4 platform! This is great because it is convenient for all of their users and traders. But, remember that this platform has tons of different instruments that the rest of the brokerages can´t get. And now you may ask, how is that even possible? Well, it´s simple. This broker has an interface of its own too that you can change and customize to your needs. And that´s where you can use the different 7,000 instruments and features that it has in store for you!
But at the end of the day, this broker doesn´t trade any different than the rest. So don´t worry, the process won´t be complicated or anything like that. The advantage that you have while trading and choosing assets is that you will get more options to expand your trading portfolio.
And last but not least, you can use the MetaTrader 4 app to trade while you are not sitting at your desk. So if you need to take a glance at your account, you can do it with no problem. But, this broker has an app of its own as well, which many traders have said is very helpful and easy to use. So you can get both of them to get started!
Assets and Markets Available
It´s time to be a little more specific in this part of the LCG review. So, we will take you around all the things that you have to keep in mind around this topic. First of all, we have already said before that you can use global and international markets of your choice. So, easily you can access the European or Asian market in a matter of a few seconds. Of course, this might change depending on what type of account you get, but there are many options available.
When it comes to the assets supported, you can choose from 10 different ones that you can use no matter your account type. And these are Forex currencies, indexes metals, stocks, cryptocurrency, shares, options, bonds, ETFs, and commodities. You can make use of all of these mentioned above! So it´s great if you like to use different assets in the same account.
And to get an account is very easy. You just need to go to the website, apply for an account and create it. So far, the process doesn´t take more than 5 minutes and it´s very simple. There is no minimum deposit fee that you have to pay, so you can choose how much money you want to start.
LCG Supported Countries and Languages
In this LCG review is important to talk about the countries that this broker supports and the languages that you can get. And thankfully many places support this broker most countries around the world can use it. And a little disclaimer is that the developers say they are always looking to expand the list. So as time goes by, all countries and people will be able to use this service no matter where they are from! Which is the ultimate goal for all creators, developers, and traders in this industry. Apart from offering the best service, of course!
So, the shortlist of countries that are not supported right now in Belgium, Singapore, Australia, New Zealand, Canada, and the USA. The main reason for this limitation is because of each countries law´s and the regulation needed.
And in terms of the supported languages, we have Spanish, Englis, Chinese, German, French, Arabic, and Italian. So there are plenty to choose from!
Deposit and Withdrawal Process
As we get into this part of the LCG review, we know that this is something that most traders fear when getting a new broker. So, we want to be concise about it and as clear as possible.
As soon as you create your trading account with LCG you have to fund it, and there are a few options that you can get. So, right now you can use Skrill, Neteller, bank transfers, or use credit cards like Visa or MasterCard. And the good part is, you can deposit as much or as little as you want because there is not a minimum requirement. But, if you choose to use a credit card to fund your account, you have to pay a small fee of 2%.
In contrast, when you want to withdraw your money, you must get in contact with customer support and let them know about the situation. Or you can fill a form as well. After that, the money will be gone from your account as soon as you request it. But, as it can only get transferred into your bank, it can take up to 5 business days. So you have to be patient with the whole process.
LCG Mobile Apps
After mentioning the platforms supported to trade with this broker, it´s time to get in detail about all the apps involved! And guess what!? This broker has an app of their own! So you don´t have to rely on the basic apps online. This is great news because the experience is much more personal and it´s connected in real-time with your account.
You can get the LCG apps available for both iPhone and Android users. The app is free, but if you don´t have an account you can´t access it. Also, your account is connected automatically to the app and it synchronizes in real-time. So no matter what, your app will always be handy if you are in need to check your account.
The LCG app works using the latest technology while trading. Some traders even say it´s better than the others. And you get all the same instruments, interface, and customization that you use on the online broker. This app is a tool that will benefit all investors and professional traders while keeping their finances safe.
Benefits and Drawbacks
- There are demo accounts you can get with this broker.
- The LCG broker has many regulations by Forex companies and affiliates.
- This broker provides education and 24/7 customer support for all clients.
- With this broker, you can trade using the MR4 app or the LCG app from your phone.
- This broker doesn´t support the MetaTrader 5 platform.
Customer Support Available
In this LCG review, we couldn’t finish this article without talking about the customer support available online! There is good news on this topic because we know tons of traders find this subject important.
So currently this team works 24 hours a day for 7 days a week. This means that even if the market is not working, you can still get in touch with these people! And you can reach out by calling them on the phone, via email, or using live chat. You are free to use the method that works best for you! So don´t be shy and make sure you get all the information you need to get the best experience while trading with them.
Conclusions LCG Review
As great as this LCG review is, we got to the end of it! We hope that after reading everything you need to know before getting this broker, you know if it´s a good fit for what you are looking for! We think this service is one of those that can easily fit everyone as it is very versatile and offers so many things. But, at the end of the day, every trader knows what is best for them.
There are not bad things to say about it broker, which is amazing! And the security they provide through their regulations from many entities is amazing.
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