Review: LCG Trading Broker

DayFunded, your trusted source for unbiased trading broker reviews, today takes an in-depth look at London Capital Group (LCG). Backed by an illustrious history dating back to 1996, LCG comes equipped with a wealth of experience and industry know-how, but how well does it stack up against the competition?

Broker Details

Operating under the umbrellas of London Capital Group Holdings plc, LCG (Cyprus) Limited, and LCG Capital Markets Limited (LCG BHS), LCG has been making its mark in the online trading platform since it was founded in 1996. To trade with LCG, potential users need to deposit a minimum account size of $10,000. Although the minimum position size is set at 0.1, which could be considered slightly high for beginners.

User Experience

LCG had an average user rating at the time of this review. We feel it's important to note that user experience often varies depending on personal preferences and needs. Therefore, it's always recommended to test the waters before fully committing.

Regulation & Security

LCG is serious about regulation, which ensures an added layer of protection for your investments. LCG Cyprus is regulated by Cyprus Securities and Exchange Commission. LCG BHS is regulated and licensed by Securities Commission of Bahamas. Moreover, LCG resorts to keeping their client funds in segregated accounts, bolstering the security and safeguarding the traders' money.

Broker Features

Spread is an area where LCG seems to excel, offering low spreads to its clients. This potentially reduces trading costs and increases the likelihood of profitability.

Another notable feature of LCG is the provision of trading by phone. While many modern traders might prefer online platforms, there are still those who value the traditional touch of phone trading. The bonuses offered by LCG are added incentives that can make their offering more attractive.

Unfortunately, US-based traders are not currently allowed on the LCG platform, which might limit its global appeal.

Leverage

The maximum leverage for LCG has been encoded as 'recnUzL4OU9wM6GFT'. As this doesn't correspond to any standard leverage value in the industry, we are unable to evaluate this aspect until further accurate details are provided.

Conclusion

LCG, having been in the business for over two decades, offers a stable and robust platform for traders. However, it has some limitations, notably the high minimum account size, exclusion of US traders, and uncertainty about maximum leverage.

We recommend potential clients consider these factors thoroughly before deciding if LCG is the right broker for them. As always, DayFunded encourages all traders, beginners, or experienced, to do their due diligence before committing to any specific trading broker.