London Capital Group Rating, Review London Capital Group

LCG RATING REVIEW

-FOREX BROKER RATING {75.7%}

London Capital Group or LCG is a UK-based ECN/STP broker offering CFDs and Spread Betting. LCG is regulated by the Financial Conduct Authority (FCA) and  listed on the London Stock Exchange. LCG was found in 1996 and went online in 2003. The London Capital Group has won many awards over the last years including the “Best Mobile Trading Platform” for 2013 and “Best CFD Provider” for 2011.

One of the great advantages when trading with LCG is its tight spreads. EURUSD trading starts as low as 0.6 pips while you may trade GBPUSD and USDJPY under 1.0 pip spread. The trading commissions charged by London Capital Group are normal ($5.0 per full traded lot). In overall trading cost is extremely limited. LCG offers a broad asset index containing more than 60 Forex pairs, many indices, metals, energy and soft commodities (check below). Capital leverage varies according to the asset class and can be up to 300:1 for Forex trading. London Capital Group uses exclusively the Metatrader4 platform by allowing automated trading, scalping and Expert Advisors. Mobile trading is available for iPhone and Android. LCG offers a reliable 24/5 Customer Support via Phone, CallBack and email but Live Chat is not available. Their support is multilingual (check below).

At the time LCG offers 10% welcome bonus for all new clients, you can even withdraw your bonus after trading it according to LCG policy. Maximum bonus is 5,000GBP and you must deposit at least 1,000GBP in order to claim it. The minimum account is 200USD and may be funded via a limited number of methods (cards, wire and checks). Account currencies include GBP, USD and EUR. In overall the London Capital Group is an excellent choice for all trading styles and for all trading experience levels.

London Capital Group Trading Platforms

  • Minimum Account: 200 EUR / USD / GBP
  • Fund Methods: Credit/debit Cards, Check, Wire transfer
  • Account Currencies: Euro | British Pound Sterling | US Dollar
  • Platforms: MetaTrader4 | WebTrader | Mobile Apps
  • Forex Index: London Capital Group offers 61 Forex pairs
  • Index Futures: US Dollar Index | EuroStocks 50
  • Metals: Gold Spot, Gold Futures, Silver Futures, High Grade Copper Futures
  • Energy: Brent Crude Oil Futures, WTI Crude Oil Futures, Gas Oil Futures, Natural Gas Futures, Heating Oil Futures, Gasoline RBOB Futures
  • Commodities: Coffee Futures, Cocoa Futures, Sugar Futures, US Soybean Futures, US Wheat Futures
  • Shares: No
  • Indices: UK 100, Wall Street 30, S&P500, Nasdaq 100, France 40, DAX 30, Japan 225, Hong Kong, Australia 200, EU Stocks 50, Spain 35, Netherlands 25
  • Customer Support: 24/5 via Phone | Callback | Email
  • Support Languages: English | Arabic | Chinese | French | German | Italian | Spanish

EXPERT ADVISOR FOR SCALPING FOREX

Here is the London Capital Group Rating Summary

» LCG WEB

LCG RATING SUMMARY  
Based on the Main Rating Table (MAX 100%)
A. LCG FUNDS SAFETY 73.8%
B. LCG TRANSACTION COST 87.5%
C. LCG TRADING OPTIONS AVAILABLE 71.2%
D. LCG TECHNOLOGY 67.5%
Overall London Capital Group Rating 75.7%
RATING PER TRADING EXPERIENCE  
Based on London Capital Group Sub-Formulas (MAX 100%)
Forex Beginners 75.8%
Advanced Forex Traders 75.3%
Professional Forex Traders 78%
Overall London Capital Group Rating 75.7%


» LCG NEW ACCOUNT REGISTRATION

 

LCG FULL RATING REVIEW

This is the full London Capital Group Rating Report using the Rating Formula v4.1 (under authorization)

LONDON CAPITAL GROUP -FOREX RATING REPORT    
LONDON CAPITAL GROUP TOTAL RATING   100.0% London Capital Group Broker
      75.7% ANALYSIS
A. LONDON CAPITAL GROUP FUNDS SAFETY MAX WEIGHT 26.0% 19.2% London Capital Group Safety of Funds Rating
A.1 London Capital Group Regulation FSC (BVI) = 1.0% rating | CYSEC (Cyprus) = 3.0% rating | FFMS (RU) = 3.0% rating | RAFMM (RU) = 3.0% rating | CBI (IR) = 4.0% rating | ASIC (AU) = 4.0% rating | FSC (NZ) = 4.0% rating | FSA (UK) = 6.0% rating | BAFIN (GE) = 6.0% rating | NFA (US) = 6.0% rating | CFTC (US) = 6.0% rating | FINMA (SW) = 8.0% | and MiFID (EU) = +4.0% rating 12.0% 6.0% London Capital Group is regulated by FCA UK = 6.0% | Total = 6.0% rating
A.2 London Capital Group Headquarters Offshore Countries = 0% | Cyprus and similar = 2.0% rating | Spain, Italy and similar = 3.0% rating | Australia and similar = 4.0% rating | USA, Germany, UK, Switzerland and similar = 5.0% rating 5.0% 5.0% London Capital Group maintains headquarters in London, UK = 5.0% rating
A.3 London Capital Group Years of Operation 0-1 Years Operation = 0 % rating | 2-5 Years Operation = 2.0 % rating | 5-10 Years Operation = 4.0 % rating | 10+ Years Operation = 5.0 % rating 5.0% 5.0% London Capital Group was found in 1976 (10+ years) = (max) 5.0% rating
A.4 London Capital Group Client Bank Account Segregation Yes Provided =  2.0 % rating | No it isn't Provided = 0.0 % rating 2.0% 2.0% London Capital Group provides Segregated Bank Accounts and covering up to 50,000GBP per client = 2.0% rating
A.5 London Capital Group Web Ratings (Used for differentiating rating results) EarnForex Rating = 1.0 % rating | ForexPeaceArmy Rating = 1.0 % rating 2.0% 1.2% London Capital Group FPA=3.0 / 5.00 & Earn Forex= Unrated, | Average = 6/10 | Total = 1.2% rating
A.6 (+) London Capital Group ADJUSTMENTS        
A.6.1 Company Size Factor 1+ Million of Active Traders = +1.0 % rating 1.0% 0.0% No = 0%
B. LONDON CAPITAL GROUP TRANSACTION COST MAX WEIGHT 28.0% 24.5% London Capital Group Transaction Cost Rating
B.1 London Capital Group EURUSD Spread < 0.3 pip = 8.0% rating | <0.4 pip = 7.5% rating | < 0.5 pip = 7.0% rating | <0.6 pip = 6.5% rating | <0.7 pip = 6.0% rating, | <0.8 pip = 5.5% rating | <1.0 pip = 5.0% rating | < 1.25 pip = 4.5% rating | < 1.5 pip = 4.0% rating | <1.75 pip = 3.5% rating | >2 pip = 3.0% rating | < 2.5 pip = 2.0% rating | < 2.5 pip = 1.0% rating | < 3 pip = 0.5% rating 8.0% 6.5% EURUSD at 0.6 pips = 6.5% rating
B.2 London Capital Group GBPUSD Spread < 1.0 pip = 5.0% rating | <1.25 pip = 4.0% rating | < 1.5 pip = 3.0% rating | < 1.75 pip = 2.5% rating | < 2 pip = 2.0% rating | < 2.25 pip = 1.5% rating | < 2.5 pip = 1.0% | < 3 pip = 0.5% 5.0% 5.0% GBPUSD at 0.8 pips = 5.0% rating
B.3 London Capital Group USDJPY Spread < 1.0 pip = 4.0% rating | <1.25 pip = 3.5% rating | < 1.5 pip = 3.0% rating | <1.75 pip = 2.5% rating | < 2 pip = 2.0% rating | < 2.5 pip = 1.0% rating | < 3 pip = 0.5% 4.0% 4.0% USDJPY at 0.6 pips = 4.0% rating
B.4 London Capital Group Trading Commissions Charged No Commissions = 7% rating | Commissions < $5 / lot = 3% rating | Commissions < $8 / lot = 1% rating | Higher Commissions = 0% rating 7.0% 3.0% $5 commissions per full traded lot = 3.0% rating
B.5 London Capital Group Funding Commissions No Funding Fees = 2.0 % rating | Yes = 0 % rating  | One Free Withdrawal Per Month = 0.5 % rating 2.0% 2.0% No withdrawal Commissions charged by London Capital Group but if you are an international customer and you have used a MasterCard to credit your account or made an international transfer, there is a charge of £20 or the equivalent currency amount for refunds under £1000.00.= 2.0% rating
B.6 London Capital Group Maintenance / Inactive Fees No Maintenance / Inactive Fees = 2.0 % rating | Yes Maintenance / Inactive Fees = 0 % rating 2.0% 2.0% No Inactive Fees or similar Commissions charged by London Capital Group = 2.0%
B.7 (+) London Capital Group ADJUSTMENTS        
B.7.1 London Capital Group Execution ECN / DMA Execution = +2.0 % rating | STP Execution = +1.5 % rating | Dealing Desk Execution = +0.0% rating 2.0% 2.0% ECN / STP Order Execution = +2% rating
C. LONDON CAPITAL GROUP TRADING OPTIONS AVAILABLE MAX WEIGHT 26.0% 18.5% London Capital Group Trading Options Rating
C.1 London Capital Group Index of Forex Assets 45+ Forex Pairs = 8.0% rating | 40+ Forex Pairs = 7.0% rating | 35+ Forex Pairs = 6.0% rating | 30+ Forex Pairs = 5.0% rating | 25+ Forex Pairs = 4.0% rating | 20+ Forex Pairs = 3.0% rating | 15+ Forex Pairs = 2.0% rating | 10+ Forex Pairs = 1.0% rating | Less than 10 Forex Pairs = 0% rating 8.0% 8.0% London Capital Group offers 60+ Forex Currencies = 6.0% rating
C.2 London Capital Group CFD Trading Yes CFD Trading = 2.0 % rating | No CFDs = 0.0 % rating 2.0% 2.0% London Capital Group offers CFD and Futures contracts trading = 2.0% rating
C.3 Availability of Free Demo Account Yes = 2.0 % rating, No = 0.0 % rating 2.0% 2.0% 30-Day Practice account = 2.0% rating
C.4 London Capital Group Capital Leverage Leverage > 100:1 = 2.0% rating | Leverage > 75:1 =1.5% rating Leverage > 50:1 = 1.0% rating 2.0% 2.0% Up to 300:1 Capital Leverage when trading with London Capital Group = 2.0% rating
C.5 London Capital Group Promotions   6.0% 1.0%  
C.5.1 London Capital Group Welcome Bonus (%) Welcome Bonus >50% = 6% rating | Welcome Bonus >40% = 5% rating | Welcome Bonus >30% = 4% rating | Welcome Bonus >20% = 3% rating | Welcome Bonus >15% = 2% rating | Welcome Bonus >10% = 1% rating   1.0% 10% Welcome Bonus =1.0% basic rating | You may Wirhdraw it = 100% rating | Total 1.0% rating
C.5.2 London Capital Group Trading Rebate (%) Trading Rebate >30% = 6% rating | Trading Rebate >25% = 5% rating | Trading Rebate >20% = 4% rating | Trading Rebate >15% = 3% rating | Trading Rebate >10% = 2% rating | Trading Rebate >5% = 1.0% rating   0.0%  
C.6 London Capital Group Minimum Account Min Account < $500 = +1% rating | Min Account < $1,000 = +0.5% rating 1.0% 1.0% 200EUR Minimum Deposit = 1.0%
C.7 London Capital Group Deposit Methods For every available deposit method = 0.5% rating max = 5 methods 2.5% 1.5% 3 deposit methods (Credit/debit Cards, Check, Wire transfer) by London Capital Group = 1.5%
C.8 London Capital Group Withdrawal Methods For every available withdrawal method = 0.5% rating max = 5 methods 2.5% 1.0% 2 methods by London Capital Group (cards and bank wire) = 1.0%
C.9 (+) London Capital Group ADJUSTMENTS        
C.9.1 Asset Index with more than 100 Forex Pairs Yes more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.0% 61 Forex Pairs = +0%
C.9.2 Interest on Unused Funds Yes Interest on Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.0% No = 0%
C.9.3 London Capital Group Contests / Championships Yes Available = 0.25 % rating | No = 0 % rating 0.3% 0.0% No = 0%
D. LONDON CAPITAL GROUP TECHNOLOGY MAX WEIGHT 20.0% 13.5% London Capital Group Technology Rating
D.1 London Capital Group Trading Platforms Availability For every Trading Platform = 1.0% rating max = Five (5) platforms 5.0% 1.0% London Capital Group offers only MT4 = 1.0%
D.2 London Capital Group Slippage on Execution Slippage  < 0.5 pip =  4.0% rating | < 0.75 pip =  3.5% rating | < 1 pip = 3.0% rating | < 1.25 pip =  2.5% rating | < 1.5 pip = 2.0% rating | < 1.75 pip =  1.5% rating | < 2.0 pip = 1.0% rating 4.0% 3.0% Below 1.00 pips = 3.0%
D.3 London Capital Group Allowance of Automated Trading Yes it is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.0% Yes, London Capital Group allows Expert Advisors = 2.0%
D.4 London Capital Group MT4 Platform Availability Yes it is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.0% MT4 platform is available at London Capital Group = 2.0% rating
D.5 London Capital Group Mobile Trader Availability For every Mobile Device = 0.50 % rating, max = Four (4) mobile devices  2.0% 1.0% Mobile App for iPhone and Android = 1.0%
D.6 London Capital Group Scalping / Hedging Allowance Yes to both = 1.0 % rating | Only Hedging or Scalping = 0.5% rating | No to both = 0 % rating 1.0% 1.0% Yes to both = 1.0%
D.7 London Capital Group Customer Support 24/7 Customer Support = 1.0 % rating | 24/6 Customer Support = 0.5 % rating | 24/5 Customer Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0 % rating | Skype support = 0.5 % rating | Call-Back = 0.5 % rating 4.0% 3.0% 24/5 Customer support via eMail, Phone, Callback = 3.0% rating
D.8 (+) London Capital Group ADJUSTMENTS        
D.8.1 London Capital Group PAMM / MAM Accounts Yes PAMM / MAM = 0.5% rating | No = 0 % rating 0.5% 0.0% No = 0%
D.8.2 London Capital Group Availability of API Trading Yes to API trading = 0.5 % rating | No API trading not available = 0.0 % rating 0.5% 0.5% London Capital Group allows API trading = +0.5%
    TOTAL LONDON CAPITAL GROUP RATING  75.7%   

 

London Capital Group Full Licenses and Legal Information

(1) LCG is authorized and regulated by the Financial Conduct Authority (FCA) under the company's registration number: 182110

(2) LCG is a member of the London Stock Exchange and is registered under company number: 3218125. Registered address: 2nd floor, 6 Devonshire Square, London, EC2M 4AB.

(3) Treatment of Client Funds held by LCG Applicable regulatory regime LCG is authorised and regulated by the UK Financial Conduct Authority (the FCA) and as such is subject to the FCA’s client money rules with regards to the handling of funds belonging to its clients. The purpose of the client money rules is to ensure that an authorized firm provides adequate protection for funds which it holds for its clients by requiring on a mandatory basis the separation of client funds from the firm’s own funds, other than in limited prescribed circumstances. This mandatory separation of its clients’ funds from its own proprietary funds is achieved by it holding funds which its clients pay over to it in segregated bank accounts which its bankers 4 March 2014 have acknowledged to be client money accounts. LCG’s client money accounts are held across 4 different UK Banks. By operation of the FCA’s client money rules the client funds which LCG holds in these accounts are subject to the terms of a trust which applies automatically by virtue of section 139(1) of the Financial Services and Markets Act 2000. That trust arrangement creates a fiduciary relationship between LCG and its clients, under which client funds held in the client money accounts maintained by LCG in its own name remain in the beneficial ownership of the clients according to their respective pro rata interests in them. Consequently money which LCG holds for its clients in its client money accounts would not be used to satisfy the claims of any other creditors of LCG. When you pay funds into your LCG account they will always be held in LCG’s client money accounts, except in certain limited circumstances as permitted by the FCA client money rules.

(4) What happens to client money in the event of the failure of a firm or its bankers? The FCA’s client money rules prescribe the way in which, and extent to which, funds which are held in a client money account would be returned to clients in the event of the failure of the firm holding those funds for its clients or the bank at which a particular client money account is maintained. The rules on client money, and in particular on the distribution of client money in the event of the failure of a firm or its bankers, are complex. Like all authorized firms, however, LCG will always be required to deal with client money which it holds in accordance with these rules. In the event of a shortfall, you may be entitled to compensation from the Financial Services Compensation Scheme. Most types of investment business are covered up to a maximum £50,000 claim.

 

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London Capital Group Rating -Review London Capital Group

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Note: The above London Capital Group Rating was made using the TradingCenter Rating Formula v4.1 under authorization

Rating Formula Concept by George M. Protonotarios, MSc “International Banking and Finance”