LCG Group Review 2021

195

Position
in rating

195

Position in rating

2.79/10
Overall rating

Attention!

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:

Summary of LCG Group Trading Company

LCG is duly authorized and regulated by the CySec under license number 341/17 and the FCA. LCG gives customers access to thousands of financial markets worldwide. Here one can trade 9 asset classes including FX, indices, shares, commodities, spot metals, bonds, vanilla options, and ETFs. The company ensures suitable and effective trading platforms for both experienced traders and beginners in the financial markets.

💰 Account currency: USD, GBP, EUR
🚀 Minimum deposit: 10 USD
⚖️ Leverage: 1:500
💱 Spread: from 0 p
🔧 Instruments: Forex, Spot Metals, Indices, Shares, Commodities, Bond and Rates, Vanilla Options, ETF, Cryptocurrencies
💹 Margin call/Stop Out: Stop Out -50%
Attention!

We work exclusively with the accounts opened through Traders Union.

Geographic Distribution of LCG Group Traders

LCG Group Latest Comments 2021

0
3
0

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of LCG Group published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

These are real scammers, I lost 12,500 euros, do not believe them, if you entered your money into them, you will not see them again.

If it were not for the annoying manager with the lcg group, I might not have thought that they were scammers. But he so absurdly encouraged to open an account and at the same time he had every offer with an increase in the size of the deposit that I realized that something was clearly against the rules. Don't trust them!

LCG Group are crooks. They leaked 2,000 euros in the shortest possible time and did not even ask me if I wanted to dispose of the entire deposit in full! I gave the go-ahead to open a deal within 700 euros. But as the manager explained, when the situation was already a help, he extended the deal and thereby thinned my deposit!

Analysis of the Main Features of the Forex Broker

2.79

Overall rating

2.58

/10

Execution of orders

3

/10

Investment instruments

2.64

/10

Withdrawal speed

2.94

/10

Customer Support work

2.42

/10

Variety of instruments

3.16

/10

Trading platform

Dynamics of the Popularity of LCG Group
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mär.
Apr.
Mai.
Jun.
Jul.
Aug.
Sep.
Okt.
Nov.
Dez.

Trading Conditions for LCG Group Users

💻 Trading platform: LCG Trader, MT4
📊 Accounts: ECN, CFDS, Islamic
💰 Account currency: USD, GBP, EUR
💵 Replenishment/Withdrawal: Visa/MasterCard, UnionPay, Southeast Asia, Skrill, Neteller
🚀 Minimum deposit: 10 USD
⚖️ Leverage: 1:500
💼 PAMM-accounts: No
📈️ Min Order: 0.01 Lot
💱 Spread: from 0 p
🔧 Instruments: Forex, Spot Metals, Indices, Shares, Commodities, Bond and Rates, Vanilla Options, ETF, Cryptocurrencies
💹 Margin call/Stop Out: Stop Out -50%
🏛 Liquidity provider: No
📱 Mobile trading: Mobile Platforms
➕ Affiliate program: Yes
📋 Orders execution: Market Execution, Instant Execution
⭐ Trading features: No
🎁 Contests and bonuses: No

Comparison of LCG Group with other Brokers

LCG Group FxPro XM Group Admiral Markets UK AvaTrade eToro
Trading
platform
MT4, LCG Trader MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option MobileTrading, WebTrader
Min deposit $10 $100 $5 $200 $100 $200
Leverage From 1:1
to 1:500
From 1:1
to 1:200
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
From 1:2
to 1:30
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0 points From 1 point From 1 point From 0 points From 0 points From 2 points
Level of margin call
/ stop out
No  /  50% 50%  /  50% 100%  /  50% 100%  /  30% 25%  /  10% No
Execution of orders Market Execution, Instant Execution Market Execution, Instant Execution Market Execution Market Execution Instant Execution Instant Execution
No deposit bonus No No $30 No No No
Cent accounts No No Yes No Yes No

Broker comparison table of trading instruments

LCG Group FxPro XM Group Admiral Markets UK AvaTrade eToro
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto Yes Yes No Yes Yes Yes
CFD Yes Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes Yes
Stock No Yes Yes Yes Yes Yes
ETF Yes No No Yes No Yes
Options Yes Yes No No No Yes

Contacts

Registration address 3rd Floor, 80 Cheapside, London EC2V 6EE
Regulation
Official site
Contacts

Tags:

LCG Group

The Oldest Reviews of the LCG Group

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of LCG Group published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

LCG Group are crooks. They leaked 2,000 euros in the shortest possible time and did not even ask me if I wanted to dispose of the entire deposit in full! I gave the go-ahead to open a deal within 700 euros. But as the manager explained, when the situation was already a help, he extended the deal and thereby thinned my deposit!

If it were not for the annoying manager with the lcg group, I might not have thought that they were scammers. But he so absurdly encouraged to open an account and at the same time he had every offer with an increase in the size of the deposit that I realized that something was clearly against the rules. Don't trust them!

These are real scammers, I lost 12,500 euros, do not believe them, if you entered your money into them, you will not see them again.

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FAQs

Do reviews by traders influence the LCG Group rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about LCG Group you need to go to the broker's profile.

How to leave a review about LCG Group on the Traders Union website?

To leave a review about LCG Group, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about LCG Group on a non-Traders Union client?

Anyone can leave feedback about LCG Group on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with LCG Group through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.