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Most of the trading costs at LCG are charged through the spread which is competitive within the industry. There is a "commission" charge that comes into play when one is trading individual shares and ETFs, but it is added to either side of the spread. LCG does not have a minimum deposit requirement for customers wishing to open a "standard" account, but logic demands that this amount will be subject to the margin requirements of the smallest trade size that the customer wishes to place. This is the company's flagship offering and provides an updated look and feel, one-click trading, and full integration across desktop and mobile platforms that should serve novice traders well.
Trading Central's technical reports are also available through LCG, which is useful to both new and seasoned traders looking for trading ideas. LCG Trader has a simple and easy-to-use interface where traders can set up watchlists, analyze charts, place and monitor trades, have access to an instrument's "depth-of-market," and keep abreast of upcoming events with the market calendar.
LCG Review South Africa – Unbiased Pros & Cons Revealed ( 2021 )
The technical analysis charts can be expanded to full screen and come with more than 70 technical indicators that you can apply over many different time frames, from tick charts to monthly charts. LCG Trader includes access to thousands of financial instruments, which can be traded from the chart or through the new order window. Traders can also set price-based alerts on instruments they are following, and LCG Trader will notify them via email or text message once the price objective has been reached. Unfortunately, LCG Trader is a closed system. Advanced traders who prefer to incorporate other analytical and automation tools in their trading process will be disappointed to see that they cannot integrate those tools directly with LCG Trader, but that option does exist with the MT4 platform.
Furthermore, there is a choice as to whether the trader wants the stop loss order to be executed at the bid or ask rate. Back-testing and automated trading are available within MT4, but there aren't many other supplemental tools for traders seeking something unique. Advanced traders, though, are likely to use LCG's MT4 platform, which provides more flexible trading technology through "Expert Advisors.
The mobile app stays true to LCG's theme of being functionally simple. The connection between the app and the web version on the desktop is instantaneous. Alerts are easy to set up which is a critical feature for working with a mobile app away from your desk.
The charts are good, and it is easy to modify or add indicators to them. Navigation between order entry, account management, and research tools is very simple and straightforward. As with the web version of LCG Trader, the mobile app is fast, easy to use, and has a standard menu and charting layout.
London Capital Group Review (): Play it Safe With One of UK’s Top Forex Brokers
Any changes or trades made on the mobile app are instantaneously translated to the web version. The charts can be used in full-screen mode and then reverted to a smaller version very quickly. Understandably, the mobile application could not accommodate the full repertoire of the desktop platform but the fact that there is no streaming news feed is a bit of a disappointment. London Capital Group LCG provides access to a broad selection of financial instruments across a wide range of different asset classes, including:.
Spreads are competitively low and all financial instruments, with the exception of individual stocks, have leverage tiers where: "LCG uses a dynamic leverage model both on MT4 and LCG Trader platforms, which automatically adapts to clients trading positions. As the volume per Instrument of a client increases, the maximum leverage offered decreases accordingly. Telephone, chat, and email support are available Monday—Friday, 8 a. Customers can call the "dealing desk" if the need should arise, which is a big plus. Hold times via chat and phone are much shorter than average, and the representatives were quick to respond and very courteous.
Live chat can also be launched from within the LCG Trader platform, which is very convenient. The FAQs are quite informative and well organized. Overall, LCG's customer support is responsive and knowledgeable. When using LCG's website while logged in as a demo account the chat box pops up frequently, unsolicited, to "check in. There are no branch offices to visit and it is unclear whether the company's headquarters in London is set up to provide service in person, if a customer happens to be in the area. LCG's educational offerings are typical of the basic-level videos and articles offered elsewhere in the industry in that they do not deviate from the industry norm of providing basic education on forex and CFD markets.
New investors will find some helpful background information, but relying solely on LCG's education to become proficient in the markets is unlikely. On the positive side, the how-to videos for using the LCG Trader platform are very good. There isn't much content for more advanced traders looking to improve their skills in the education section, which leads one to conclude that this type of trader is not LCG's target customer.
True ECN FX Trading, Lowest 0.0 Spreads!
The glossary is adequate. Market commentary articles in the "latest news" section of the website have not been updated in a while, but whether that's due to the disruption caused by COVID or a cessation of that service remains to be seen. LCG does offer weekly "Market Analysis" webinars, conducted by its analysts, that are scheduled every Monday and allows for a deeper dive into the events of the week. Everything is in real time and includes such necessary information as ' margin required', ' pip value ', and 'trade value' so that the trader can make an informed decision.
LCG's branded cTrader offering comes equipped with a tool for analyzing one's trading activity. Using a variety of filters, a trader can analyze their performance on a deeper level beyond the basic metrics, which can be especially useful for a beginner. LCG's analysis and insights are on par with industry standards and serve to connect traders to the market and supplement LCG's educational resources, which are relatively weak on their own.
According to the website, the analysis "team" consists of one individual, but the content was above average and actionable. Trading Central's written technical reports are well-known and are also available from LCG along with the typical economic calendar and market-wrap articles. LCG also takes steps to ensure client funds are not co-mingled with corporate funds, in accordance with the U. This ensures that client assets are protected in the unlikely event that LCG becomes insolvent by holding those funds in segregated accounts at regulated banks.
LCG provides clients with a guarantee that they will never lose more than they have in their accounts via its negative balance protection. Guaranteed stop losses can be used on some instruments depending on market conditions, but they are subject to an additional cost as long as they are kept open. LCG's mobile application's security isn't customizable, which is a concern considering that it can provide access to your entire account. There was no additional protection of two-factor authentication 2FA or bio-metric scanning to access client accounts.
Beginning traders looking for a very broad spectrum of markets including cryptocurrencies and options will find a lot to like at LCG. Although the spreads aren't the lowest, they are competitive. Yet, investors should be aware of differences between the methods according to the account they open with, either the UK or Cyprus one.
LCG also does not have a minimum deposit requirement for the opening of a trading account, the client deposits should have enough funds to cover the margin costs for the markets you are trading, which is definitely a great advantage for beginning traders or even seasoned ones too. A general company offering through the diverse range of trading product, the choice between the proprietary platform and the comfortable MT4 covers demands of any trader with a different experience.
In addition, there is an option to trade through ECN account , which features much lower spreads and brings another, higher level of trading experience. However, the minimum account balance required for the ECN account is quite high which is good for the traders of bigger size only.
In conclusion, the broker might be a good option for the traders of various levels since there are various options to choose from. These companies want to acquire an operating license in Dubai. It has been taken down from the stock exchange. He stepped down from the LCG Group, which is seeking capital ventures in new projects under its new structure.
Interesting to know that Sabet must have lost about 30 million Pounds since , when he tookover LCG and tried to reestablisch the broker. He failed. So be carefull.
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Follow up to my message. When I last asked for their annual return, I was answered, that such is no longer available; this makes sense, as smaller entities, not quoted, can be exempt of publishing their accounts. Thanks for the info. Was never attractive with such high spreads, now its a on the avoid list for sure..
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