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    LCG

    15-20 years
    |
    Regulated in United Kingdom
    |
    Market Making(MM)
    |
    MT4/5 full license

    Rating

    0 1 2 3 4 5 6 7 8 9
    .
    0 1 2 3 4 5 6 7 8 9
    0 1 2 3 4 5 6 7 8 9

     /10.00

    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!

    Benchmark

    AA

    Licenses

    Financial Conduct Authority

    Market Making(MM)

    FCA Regulated

    Cyprus Securities and Exchange Commission

    Straight Through Processing(STP)

    CYSEC Regulated

    The Securities Commission of The Bahamas

    Retail Forex License

    SCB Offshore Regulatory

    Overview

    • Company Name:

      London Capital Group Ltd
    • Company Abbreviation:

      LCG
    • Place of registration:

      LCGUnited Kingdom
    • Regulatory Status:

      Regulated
    • Customer Service Email Address:

      customerservices.bhs@lcg.com
    • Customer Service Phone Number:

      +1 (0) 242 601 6866
    • Company summary

      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). About More
    Pyramid scheme complaint

    WikiFX APP!

    Global Forex Broker Regulatory Inquiry APP!

    WikiFX Risk Alerts

    Previous Detection: 2021.04.15 Risk: 2 Item

    • The number of the complaints received by WikiFX have reached 18 for this broker in the past 3 months, please be aware of the risk and the potential scam!
    • The BahamasSCB regulatory with license number: SIA-F194 is an offshore regulatory, please be aware of the risk!
    WikiFX Verification WikiResearch
    • Exhibition Area

    • Survey

    • MT4/5

    • Website

    • Genealogy

    • Clones

    • Keywords

    • Time Machine

    • Score

    • Delivery Index

    • Market Analysis

    • Material Delivery

    • Brand Launch

    • Search Source

    • Language

    Last Updated Time 2021-04
    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 :

      LCG_FCA交易商监管信息表_查询结果 View Certified Documents 182110 牌照信息190131 View Certified Documents
    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 :

      LCG 塞浦路斯监管页截图 View Certified Documents
    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 :

      LCG-巴哈马牌照200602 View Certified Documents LCG SCB监管截图 View Certified Documents LCG SCB监管 2020.10.28 View Certified Documents
    LCG · MT4/5

    Identification Result

      LCG · Website

      Most visited countries/areas

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          LCG· Genealogy
          LCG · Clones
          LCG · Market Analysis

          The data are from WIKI Research    2021.04.15 updated

          WikiFX prompts you

          This broker's score is relatively low.

          Please choose wisely! Please avoid unnecessary loss

          Continue
          LCG · Survey×

          Special Note

          ×
          LCG

          1.pngWikiFX only provides the legal URL of the platform published by the regulatory website.

          1.pngWikiFX will not disclose your personal information to third parties.

          1.pngIn order to prevent users from being spoofed by phishing websites, fake URLs or domain name hijackings, WikiFX doesnt provide the content though this app.

          1.pngThe use of any service by the client through the official website access channel provided by WikiFX is a personal behavior. Please ensure that you have undergone sufficient preparation and risk management before use.

          根據香港證券及期貨事務監察委員會的規定

          為確保您查看資訊及時性和準確性,我們將為您跳轉到相關的監管資訊頁面

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          Data Sources WikiResearch 2021.04.15 Update

          数据样本不足

          Data Sources WikiResearch 2021.04.15 Update

          LCG · Chart
          Date

          Insufficient data samples

          Rank by user activity which is calculated by the number of customers with trading operations of the broker within the stat period
          Data provided by VPS
          富拓 · 外链汇总

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          Alternate Text

          Data Sources WikiResearch 2021.04.15 Update

          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

          *Enter your reason
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          Confirm to Submit

          Submit successfully!

          You can check the real-time processing progress in "User Center-My Release-Ponzi Scheme"

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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

            Client funds are stored in segregated accounts, separate from the company's operating funds. The Financial Services Compensation Plan provides users with £50,000 insurance against the effects of company insolvency. Besides, LCG's negative balance protection protects client funds. 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.


          Risk Warning

          The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

          Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click "Complaints "and "Correction" to inform us. We will check immediately and release the results.

          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.

          Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.