Review of the terms of the international broker London Capital Group

London Capital Group (LCG) is a brokerage that has been operating internationally since 1996. Investors who open an account with them can trade a wide range of assets, including stocks, indices, currencies, CFDs, ETFs, commodities, interest rates, and bonds. According to company representatives, they offer exceptionally convenient and accessible conditions. Whether this is true, or whether London Capital Group is a scam, we’ll find out very soon.

London Capital Group: What is this company?

First, let’s understand where this financial assistant came from. On its website, it claims 25 years of experience. A domain check confirms this:

However, the internet archive indicates that the address was purchased in 2015. Major activity there only began in early 2016. This means that the actual existence of London Capital Group, according to the review, is five times shorter than this.

Inconsistencies also arise with documentation. For example, the broker claims to be legitimate. In reality, it lists the SCB – the Bahamas Securities Commission – as its regulator. This regulatory body is a typical offshore jurisdiction that imposes no restrictions on its legal residents. This means that within this jurisdiction, it is perfectly legal to violate any laws and avoid punishment. It’s worth knowing this before making a deposit. In this case, the company is operating illegally.

Trade offers

There are 3 types of accounts available on the lcg.com website:

• Islamic – no commissions and full compliance with Sharia law;
• ECN – spreads from 0 pips, trading on MetaTrader4, transparency and anonymity;
• CFDs – the most popular platforms, over 7,000 trading instruments, low spreads, market news.

What’s most interesting is that, other than this vague information, no other details are provided in the client area. No deposits, no leverage, no fees. This may indicate that these values ​​are individually created for each client.

Trading platform

London Capital Group also offers a platform for trading. Investors have several options to choose from: the broker’s own version of LCG Trader or the “classic” Meta Trader 4. But don’t get too excited, as downloading either isn’t possible. Clicking the operating system button redirects the user to the registration page. It’s entirely possible that LCG doesn’t actually trade, and everything its representatives say is just a sham.

Reviews of London Capital Group

User comments on working with the broker put everything in its place:

Dozens, perhaps hundreds, of investors have already fallen into these scammers’ trap. This scam has been going on for years.

Advantages and disadvantages

Let’s compare the company’s stated advantages with its actual disadvantages:

There can only be one conclusion: don’t trust the first scammer you come across who promises to make you rich. At the very least, check their reviews.