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    LCG

    • United Kingdom United Kingdom
    • Above 20 years
    • Regulated in United Kingdom
    • Market Making(MM)
    • MT4/5 full license
    • Regional Brokers
    Open Account
    WikiFX Score
    Comparison

    The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints! The WikiFX Score of this broker is reduced because of too many complaints!

    • 102426016866
    • customerservices.bhs@lcg.com
    • --
    • https://twitter.com/lcgtrading
    • 5 North Buckner Square Olde Towne Sandyport, Sandyport Marina Village, West Bay Street, Nassau, Bahamas
    VPS Standard

    No restriction on the broker account. Provide service support by WikiFX

    • Single Core

    • 1G

    • 40G

    Open for free

    Broker Information

    Company Name

    London Capital Group Ltd

    Phone of the company

    102426016866

    Facebook

    --

    Customer Service Email Address

    customerservices.bhs@lcg.com

    Company address

    5 North Buckner Square Olde Towne Sandyport, Sandyport Marina Village, West Bay Street, Nassau, Bahamas

    Pyramid scheme complaint
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    WikiFX Risk Alerts 4
    2022.07.07

    The number of the complaints received by WikiFX have reached 29 for this broker in the past 3 months, please be aware of the risk and the potential scam!

    The number of this brokers's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

    • Account
    Comparison
    MT4 Download
    • ECN
    • Classic
    • Benchmark --
    • Maximum Leverage 200:1
    • Minimum Deposit 10000 EUR/USD/GBP
    • Minimum spread EUR/USD from 1.5, gold from 3
    • Products Foreign exchange, stocks, indices, options, ETFs, commodities, spot metals, bonds and interest rates
    • Currency --
    • Benchmark --
    • Maximum Leverage 500:1
    • Minimum Deposit 100 USD
    • Minimum spread EUR/USD from 1.5, gold from 3
    • Products Foreign exchange, stocks, indices, options, ETFs, commodities, spot metals, bonds and interest rates
    • Currency --
    • Currency --
    • Minimum position 0.01
    • EA supported
    • Depositing Method --
    • Withdrawal Method --
    • Commission --
    • Currency --
    • Minimum position 0.01
    • Depositing Method --
    • Withdrawal Method --
    • Commission --
    • Marketing Strategy
    Subscribe to VPS now

    Delivery Index

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    Brokers CySEC Imposes an Administrative Fine to London Capital Group Cyprus

    The decision was taken after a meeting of the CySEC's board held on April 5, 2021.

    WikiFX
    2021/8/16 1:44:57
    CySEC Imposes an Administrative Fine to London Capital Group Cyprus

    LCG

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    Financial Conduct Authority

    Financial Conduct Authority (FCA)

    The Financial Conduct Authority (FCA) is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry. On 19 December 2012, the Financial Services Act 2012 received royal assent, and it came into force on 1 April 2013. The Act created a new regulatory framework for financial services and abolished the Financial Services Authority. The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the United Kingdom. It focuses on the regulation of conduct by both retail and wholesale financial services firms.

    • Licensed Institution :

      London Capital Group Ltd

      Effective Date :

      2001-12-01
    • Email Address of Licensed Institution :

      compliance@lcg.com

      License Type:

      No Sharing
    • Website of Licensed Institution :

      www.lcg.com

      Expiry Date :

      --
    • Address of Licensed Institution :

      3rd Floor 80 Cheapside London EC2V 6EE UNITED KINGDOM

      Phone Number of Licensed Institution :

      44 2074567000
    • Licensed Institution Certified Documents :

      Annex1 Annex2
    Cyprus Securities and Exchange Commission

    Cyprus Securities and Exchange Commission (CYSEC)

    The Cyprus Securities and Exchange Commission (CySEC) was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. It is an independent public supervisory Authority responsible for the supervision of the investment services market, transactions in transferable securities carried out in the Republic of Cyprus and the collective investment and asset management sector. It also supervises the firms offering administrative services which do not fall under the supervision of ICPAC and the Cyprus Bar Association.

    • Licensed Institution :

      London Capital Group (Cyprus) Ltd

      Effective Date :

      2017-10-23
    • Email Address of Licensed Institution :

      compliancecy@lcg.com

      License Type:

      No Sharing
    • Website of Licensed Institution :

      http://www.lcg.com,https://cy-my.lcg.com

      Expiry Date :

      --
    • Address of Licensed Institution :

      Arch. Makariou III, 205, VICTORY HOUSE, 5th floor, 3030, Limassol

      Phone Number of Licensed Institution :

      35725266606
    • Licensed Institution Certified Documents :

      Annex1 Annex2
    The Securities Commission of The Bahamas

    The Securities Commission of The Bahamas (SCB)

    The Securities Commission of The Bahamas (“the Commission”)(SCB) is a statutory body established in 1995 pursuant to the Securities Board Act, 1995. That Act has since been repealed and replaced by new legislation. The Commission’s mandate is now defined in the Securities Industry Act, 2011 (SIA, 2011). The Commission is responsible for the administration of the SIA, 2011 and the Investment Funds Act, 2003 (the IFA), which provides for the supervision and regulation of the activities of the investment funds, securities and capital markets. The Commission, having been appointed Inspector of Financial and Corporate Services in 1 January 2008, is also responsible for administering the Financial and Corporate Service Providers Act, 2000.

    • Licensed Institution :

      LCG Capital Markets Limited (formerly London Capital Group (Bahamas) Limited)

      Effective Date :

      --
    • Email Address of Licensed Institution :

      sean.munnings@lcg.com,Philip.Dorsett@lcg.com

      License Type:

      No Sharing
    • Website of Licensed Institution :

      --

      Expiry Date :

      --
    • Address of Licensed Institution :

      5 North Buckner Square Olde Towne, Sandyport West Bay Street

      Phone Number of Licensed Institution :

      --
    • Licensed Institution Certified Documents :

      Annex1 Annex2 Annex3

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    LCG

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    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    LCG
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

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    LCG · Company summary

      Basic Information & Regulators of LCG Forex

      Founded in 1996 and headquartered in London, UK, London Capital Group (LCG) has been an online trading provider for over twenty years, committed to providing competitive pricing, advanced technology, and professional service to all types of investors. The company is currently regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and additional offshore regulation of the Bahar Islands Securities Commission (BISC).

      Safety Analysis of London Capital Group

      The company is regulated by a Tier-one regulator only - the Financial Conduct Authority (FCA).

      Market Instruments

      The company offers investors over 7,000 financial trading instruments across eight major asset classes, including Forex, indices, commodities, stocks, bonds & interest rates, general options, and exchange-traded funds. Forex products include CFDs in over 60 currencies, with a full range of popular markets such as USDEUR, GBPUSD, and GBPJPY. Commodities include precious metals such as gold and silver, energies such as US crude oil and Brent crude oil, and soft commodities such as coffee and sugar. Stocks cover 3,500 stocks in the UK, US, and European markets.

      Leverage & Account of London Capital Group

      The company has set up Islamic accounts and ECN accounts. Islamic accounts are called swap-free accounts, meaning that positions are held without overnight or rollover interest, and LGG offers swap-free accounts to traders abided by the Islamic. The company uses dynamic leverage on its trading platform that adjusts to the size of a user's trading position. As the user's trading position rises, the maximum leverage is adjusted downward accordingly. See following examples of Forex and spot metals:

      Spreads & Commission Fees of LCG Forex

      The minimum spread for the major currencies is 1.3 pips for EUR/GBP, 3 pips for CHFJPY (minor currencies), 2.1 pips for NZDUSD for Australian markets, and ten pips for USDCNH (emerging currencies). The minimum spread for spot gold is 0.3 pips, the minimum spread for spot silver is 0.025 pips. The minimum spread for spot indices is 0.2 pips, for futures indices 0.3 pips, and for crude oil products is three pips. The minimum spread for energy futures is 1 pip. The minimum spread for metal futures is 0.6, the minimum spread for soft commodities is 1. the minimum spread for bonds is 2, the minimum spread for interest rates is 2 pips. The minimum spread for ETFs is 0.2% pips. Swap for Forex is calculated as the difference between the denominated currency's prime rate minus the base currency's interest +/- 1%.

      Trading Platform Applied

      The company's innovative multi-asset trading platform, LCG Trader, offers a wide range of market data, charts, news, and analysis to help investors build their trading strategies and can be used on laptops, tablets, and cell phones. Clients can also trade on the popular MetaTrader 4 (MT4) forex trading platform, available in 39 languages, the platform offers a combination of free indicators, automated trading, advanced charting, and a range of trading tools, technical indicators, and graphical objects.

      Deposit & Withdrawal

      The company supports credit cards, debit cards, bank wire transfers, and the online payment platform-Skrill. 2% commission will be charged for credit card deposits, and third party deposits are not accepted. Withdrawals are usually completed within one business day and reach the user's bank account in 1-5 days. Overseas clients who deposit using MasterCard or international bank transfers will be charged a fee of £20 for withdrawals.


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    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

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