LCG RATING -OVERALL SCORE {83.4%} (?)

 

LCG or else London Capital Group is a UK-based ECN/STP broker regulated by the FCA and listed on LSE (London Stock Exchange) under LCGH plc.

The LCG TraderDeposit Requirements: 50 USD

Funding: Credit / Debit Cards | Bank Wire

Platforms: MetaTrader-4 | LCG Trader | Mobile Traders

Customer Support: English | Arabic | Spanish | Chinese | French | German | Italian

» LONDON CAPITAL GROUP

Chart: LCG Basic Ratings (Based on ForexRating Formula 5.0)

The RatingFormula 5.0 gives a very good rating as concerns LCG safety of money and technology. As concerns the rating of trading styles, LCG seems a good choice for all trading styles except carry trading (due to not competitive SWAP rates).

Chart: LCG Special Ratings

LCG RATING SUMMARY

The following table contains LONDON CAPITAL GROUP's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.

FOREX BROKER RATING (MAX 100%)
  • LCG FUNDS SAFETY
98.9%
  • LCG TRANSACTION COST
71.4%
  • LCG TRADING OPTIONS AVAILABLE
75.0%
  • LCG TECHNOLOGY
92.2%
  • OVERALL RATING
83.4%
TRADING EXPERIENCE  
  • LCG FOR FOREX BEGINNERS
76.7%
  • LCG FOR ADVANCED FOREX TRADERS
76.8%
  • LCG FOR PROFESSIONAL FOREX TRADERS
75.8%
TRADING STYLE  
  • LCG FOR INTRADAY TRADERS
81.3%
  • LCG FOR SWING TRADERS (MID-TERM)
80.8%
  • LCG FOR CARRY TRADERS (LONG-TERM)
48.4%

LCG DETAILED RATING REVIEW

LCG.COM RATING ANALYSIS    
LCG.COM TOTAL RATING   100.0% LCG FULL ANALYSIS
      83.44%  
A. LCG.COM  SAFETY OF FUNDS MAX WEIGHT→ 28.0% 27.69% Rating the LCG Safety
A.1 LCG License / Regulation FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating 10.0% 10.00% LCG is regulated by the FCA (UK) = 10% rating
A.2 LCG Client Compensation in Case of Insolvency Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
5.0% 5.00% LCG offers client compensation (in case of insolvency) up to 50,000 GBP= 5.0% rating
A.3 LCG Country of Headquarters UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand  = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% 5.0% 5.00% LCG maintains headquarters in the UK = 5.0%
A.4 LCG Years in the Market 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% 5.0% 5.00% LCG was found in 1976 (10+ years) = 5.0% rating
A.5 LCG Client Account Segregation Client bank account segregation =  2.5% rating | No = 0.0% 2.5% 2.50% LCG provides client bank segregated accounts = 2.5%
A.6 LCG Web Ratings ForexPeaceArmy Rating = 0.5% rating 0.5% 0.19% LCG ForexPeaceArmy Rating is 1.9/5.0 = 0.19% rating
A.7 (+) LCG ADJUSTING RESULTS        
A.7.1 LCG Corporate Size 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating 1.0% 0.00% LCG handles less than 250,000 accounts = 0% Rating
B. LCG.COM TRANSACTION COST MAX WEIGHT→ 28.0% 20.00% Rating the LCG Transaction Cost
B.1 LCG spread on EURUSD <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% 7.0% 2.50% Typical LCG EURUSD spread is 1.6 pip = 2.5% rating
B.2 LCG spread on GBPUSD <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 2.50% Typical LCG GBPUSD spread is 1.7 pips = 2.0% rating
B.3 LCG spread on USDJPY <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 3.00% Typical LCG USDJPY spread is 1.5 pips = 2.0% rating
B.4 LCG Trade Commissions No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating |  < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating  7.0% 7.00% LCG does not charge trading commissions on the tested account type = 7.0%
B.5 LCG Overnight (SWAP) rates Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% 2.0%   The overnight financing when trading with LCG is calculated from the difference between the two base interest rates plus a charge of 1%. LCG rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$1.319. | LCG rollover on a Short EURUSD trade worth 1 lot ($100,000) is +$0.58 | Total cost in absolute value is $0.739. rating = 2.0%
B.6 LCG Commissions on Funding No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating  2.0% 2.00% LCG does not charge withdrawal commissions = 2.0% rating
B.7 LCG Inactive Fees No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating 1.0% 1.00% LCG does not charge Inactive Fees  = 1.0% rating
B.8 (+) LCG ADJUSTING RESULTS        
B.8.1 LCG Execution Model ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating 2.0% 2.00% ECN Order Execution Model = +2% rating
C. LCG.COM TRADING OPTIONS MAX WEIGHT→ 28.0% 21.00% Rating the LCG Options for Traders
C.1 LCG Forex Asset Index 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+  Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating 8.0% 8.00% LCG offers 60+ Forex Currencies = 8.0% rating
C.2 LCG CFDs CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% 2.5% 2.50% LCG offers CFD trading = 2.5% rating
C.3 LCG CFDs on Futures CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating 1.5% 1.50% LCG Offers Futures = 1.5% rating
C.4 LCG Free Practice Account Practice Account = 2.0 % rating, No = 0.0 % rating 2.0% 2.00% LCG Provides a free Demo/Practice account = 2.0% rating
C.5 LCG Trading Leverage Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating 1.0% 1.00% 500:1 max Trading Leverage = 1.0% rating
C.6 LCG Bonus/Rebate Promotions   5.0%    
C.6.1 LCG Welcome Bonus (%) Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating   1.00% 10% Welcome Bonus (Withdrawable) = 1.0% rating
C.6.2 LCG Trading Rebate (%) Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating   0.00% LCG Offers no trade rebates = 0% rating
C.7 LCG Min. Account Size Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating 2.0% 1.50% The min. deposit amount is 200 EUR = 2.0% rating
C.8 LCG Number of Deposit Methods For every deposit method = 0.5% rating | max = 5 methods 2.5% 1.50% 3 deposit methods (Cards, Check, Wire transfer) are available by LCG = 1.5%
C.9 LCG Number of Withdrawal Methods For every withdrawal method = 0.5% rating | max = 5 methods 2.5% 1.00% 2 methods are available by LCG (Cards, Bank wire) = 1.0%
C.10 Minimum Stop-Order Levels (in pips) 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating 1.0% 1.00% LCG offers less than 2 pips minimum stop-out order distance = 1.0% rating
C.11 (+) LCG ADJUSTING RESULTS        
C.11.1 Offering more than 100 Forex Pairs Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.00% 60 Forex pairs = +0% rating
C.11.2 Paying Interest on unused funds Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.00% No = +0%
C.11.3 LCG Contests Contests = 0.25 % rating | No = 0 % rating 0.25% 0.00% LCG offers no competitions = +0.00% rating
D. LCG.COM TECHNOLOGY MAX WEIGHT→ 16.0% 14.75% Rating the LCG Technological Efficiency
D.1 LCG Trading Platforms Availability For every Platform = 1.0% | max = three (3) platforms 3.0% 2.00% LCG offers MT4 and the LCG Trader = 2.0% rating
D.2 Trading-On-Charts Offering Trading-On-Charts = 1.0 rating | No=0% 1.0% 1.00% LCG is offering 'Trading-On-Charts' = 1.0% rating
D.3 LCG Slippage on Execution Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating 1.0% 0.75% LCG Slippage on execution is measured a little bit more than 1.0 pip = 0.75% rating
D.4 LCG Automated Trading Allowance Automated Trading is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.00% LCG allows automated trading = 2.0% rating
D.5 LCG MT4 Platform Availability MT4 is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.00% LCG offers the MT4 platform = 2.0% rating
D.6 LCG Mobile Apps iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points 2.0% 2.00% Offers the LCG trader as an app for iPhone and Android = 2.0% rating
D.7 LCG Allowing Scalping / Hedging Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating 1.0% 1.00% LCG allows both Scalping and Hedging = 1.0% rating
D.8 LCG Customer Service 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating 4.0% 3.50% 24/5 service via eMail, Phone, LiveChat, and Callback = 3.5% rating
D.9 (+) LCG ADJUSTING RESULTS        
D.9.1 LCG PAMM / MAM Accounts PAMM / MAM Accounts = +0.5% rating | No = 0 % rating 0.5% 0.00% LCG is not offering PAMM/MAM accounts = +0.0%
D.9.2 LCG Free VPS Free VPS = +0.5% rating | No = 0 % 0.5% 0.00% LCG is not offering a free VPS hosting service = +0.0%
D.9.3 LCG API Trading API trading = +0.5 % rating | No API = 0.0 % rating 0.5% 0.50% LCG offers API trading = +0.5%
    TOTAL LCG.COM RATING 83.44%  

LCG LICENSES AND LEGAL INFORMATION

The broker belongs to LCGH plc, which is a member of the London Stock Exchange.

■ LONDON CAPITAL GROUP (LCG) is the trading name of London Capital Group Holdings plc (LCGH plc) registered in England and Wales (No 05497744)

■ LCGH plc is listed on LSE (the symbol is LCG:LSE)

■ LCGH plc is regulated by FCA (UK), Registration Number: 182110

■ LONDON CAPITAL GROUP covers up to 50,000 GBP per client in case of corporate insolvency (FCA UK scheme)

 

 

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LONDON CAPITAL GROUP Rating Review

ForexExperts.net (c)

 

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