LCG Journal

Journal status: live
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LCG Profile
Year
1996
Country
Cayman Islands
Branches
3
Regulation
CIMA Cayman Islands, SCB Bahamas, CySEC Cyprus, FCA UK
Investor protection
Fund protection
...
Publicly traded
LON:LCG
Restricted countries
Not serving
х Australia, Belgium, Canada, New Zealand, Singapore, US
Broker type
MM, DMA, ECN marketing
Dealing book
B-book
Tier
3
Execution speed
...
LPs total
...
LPs quality
...
LPs names
...

LCG Accounts
MM
ECN
Minimum Deposit
1 $
10000 $
Leverage
500 : 1
200 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
1 pips
0 pips
Commission
0 $/lotRT
4.5 $/lotRT
Volume
...
...
Margin Call
...
...
Stop Out
...
...
Execution
Market
Market
Spread
floating
floating
Scalping
yes
yes
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Is LCG safe?

  • Investor protection: ...
  • Regulation: CIMA Cayman Islands, SCB Bahamas, CySEC Cyprus, FCA UK
  • Publicly traded: LON:LCG
  • Segregated account: yes
  • Guaranteed Stop Loss: yes
  • Negative Balance Protection: ...

Is LCG trusted?

  • Information transparency: high ★★★★★
  • Customer service: ...
  • LCG website: semi-detailed, updated ★★★
  • LCG popularity (by visitor count): average ★★★

How LCG works

LCG is the counterparty (or ‘principal’) to every trade. This means that you must open and close each and every trade with LCG and cannot close an open trade made with LCG with a third party (i.e. a different CFD or spread betting provider) and vice versa.

LCG provides contracts for differences (CFDs) to its clients covering a wide variety of financial markets and instruments. Every market quoted by LCG is derived directly from an underlying financial instrument sourced from an exchange or from a wholesale quoting counterparty (i.e. FX quoting banks). LCG decides which markets to quote, the times at which those markets are quoted and LCG publishes via its trading platforms those quotes on which clients may be able to trade.

https://www.lcg.com/media/4788/lcg-markets-order-execution-policy.pdf

17.1 When you enter into a Transaction with us you will be charged a mark-up or mark-down (the difference between the price at which we take a principal position and the Transaction execution price with you).

31.1 We may hedge our exposure to you by opening corresponding positions with other institutions.

19.6 We may elect to ban or otherwise prohibit the use of any particular Trading Robot, Script or other application or to.

https://www.lcg.com/media/3839/lcg-global-terms-conditions.pdf

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