LCG Group Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of LCG Group trading signals. You will learn what kinds of trading signals LCG Group offers and what the conditions for using them are.
Short introduction of LCG Group
The LCG broker is an international intermediary that started its business in 1996. Traders who have opened an account with LCG have access to 9 groups of trading assets, including: Forex, spot metals, stocks, indices, ETFs, CFDs, stock options, bonds, interest rates, and commodities. The minimum deposit requirements make trading with LCG affordable, and the use of innovations and high-quality service make it comfortable.
| 💰 Account currency: | USD, GBP, EUR, and CHF |
| 🚀 Minimum deposit: | 10$ |
| ⚖️ Leverage: | Dynamic, up to 1:500 |
| 💱 Spread: | From 0 pips |
| 🔧 Instruments: | Currency pairs, indices, spot metals, stocks, commodities, CFDs, exchange traded options, ETFs, bonds and interest rates |
| 💹 Margin Call / Stop Out: | No data |
LCG Group Pros and Cons
👍 Advantages of trading with LCG Group:
•Low minimum deposit requirements.
•A wide range of trading instruments.
•An information section with training and analytical materials.
•Round-the-clock support service.
•No commission for funding the deposit and withdrawal of capital.
•The possibility to trade from different devices such as a PC, tablet, or smartphone.
•The presence of Islamic accounts.
👎 Disadvantages of LCG Group:
•The company does not provide offers for passive earnings such as copying services or bonus programs.
•The broker does not serve clients from certain countries.
•Customer support doesn’t work on weekends.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
LCG Group Trading Signals
Traders Union’s analysts checked LCG for trading and non-trading commissions, their size, and the presence of hidden fees. The size of the spread may differ for different assets, but the broker indicates the minimum values as 0.8 pips for the Classic account and 0 pips for ECN. The broker does not provide data on the non-trading commissions for maintaining an account, its deactivation, or the absence of trading activity. There is no fee for funding the account or withdrawal of earnings, the exception is the funding of the deposit through a credit card, in which case the trader pays a commission in the amount of 2% of the transfer amount.
| Account type | Spread (minimum value) | Withdrawal commission |
| Classic | From $8 | No |
| ECN | From $0 | No |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that LCG Group does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
Can trading signals be provided for free?
Brokers may offer free and paid trading signals.
Can trading signals depend on the account type?
Yes. As a rule, they are provided for certain account types, but may also be available for the standard account.
Do I need to test trading signals before subscribing to them?
Most definitely yes. Make sure that the signals do work and are effective.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.