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Know everything about LCG Commission or Brokerage Charges here.

The London Capital Group is a UK-based online trading service that has its headquarters in Nassau, Bahamas.

The broker was established in 1996 and LCG is known for its commitment towards providing competitive prices along with the new and advanced technology that they provide and the high-quality services that they provide.

With years of experience, LCG financial holding company is known to provide one of the best services in retail forex broking, currency trading with access to a 24-hour currency market for all kinds of speculation purposes.

LCG is one of the best providers of CFD and besides the head office in London, the broker also has offices in Cyprus and the Bahamas.

LCG is quite popular both among the stakeholders and all its traders and is praised mostly among European traders due to its advanced online brokerage services, competitive and low prices, and one of the best quality supports.

In this LCG commission review, we would be discussing the various types of charges and LCG fees.

LCG Commission or Brokerage Charges

LCG is known to be an exclusive ECN and STP broker, thus there are various matchmakers between you, your orders, and the various liquidity providers.

LCG Commission or Brokerage ChargesThis is the main reason behind the low LCG commission charges and the competitive spread of LCG charges of LCG.

Why is reading on Forex, tip spread charges on major starts from 0.8 you are GBP up to 1.6 GBP JPY with an average of about 1.45 pips for EUR/USD.

The LCG charges vary depending on the platform that the trader has opted for and the trading account that he or she is using.

All the traders who use their branded cTrader trading platform get a discount where higher commissions are charged for all the users who use MT4.

The maximum level charged for most of the forex majors is up to 1:500 and for all the forex minors the leverage ranges from 1:50 to 1:200.

The leverage LCG charge for commodities and indices and shares is 1:100 and 1:40 respectively.

Some other non-trading fields include a maintenance balance, where if a user has less than 10,000 US dollars in their trading account a commission charge of 45 US dollars per $1 million traded would be charged.

The company also attracts users with various bonus offers and discounts. LCG follows the regulations of the European Securities and Market Authority, so they provide various types of offers, discounts, monetary or non-monetary benefits concerning various markets, distribution, and the sales of CFDs.

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    Types of LCG Commission Plans

    Types of Commission Plans
    Account Type ECN Account Standard (Classic) Account Islamic Account
    Initial Deposit $10.000 No minimum deposit No minimum deposit
    Spread 0 pips From 1.45 pips From 0.5 pips
    Commission $45 No commission No commission
    Leverage 1:30 it 1:30 1:30

    LCG has developed various types of trading accounts which are also known as LCG commission plans.

    All these trading accounts are different from one another and they have been exclusively developed keeping in mind the requirements, needs, trading benefits, trading facilities, and the mindset of various traders.

    The various LCG commission plans include:

    ECN trading account

    • CFD trading account
    • Spread betting account
    • Islamic swap-free account

    ECN Account

    The features of the trading account include:

    • $10,000 is the minimum deposit amount
    • Zero pips are the spreadsheet
    • LCG Commission charge this $45 per lot traded
    • Leverage is 30:1
    • You will have access to LCG trader and MT4 trading platform
    • Unlimited access to Forex liquidity
    • Complete transparency and anonymity

    Standard Classic Account

    Features of the account include:

    • There is no minimum initial deposit amount
    • Spread starts from 1.45 pips
    • No commission is charged for using this account
    • Leverage is about 1:30
    • You will have access to LCG trader and empty for trading platforms
    • You can use 7,000 + trading instruments that can be traded on nine different asset classes
    • Competitive pricing is available and the execution speed is quite reliable
    • Traders will have access to thousands of analyses, research, and education material

    Islamic Swap-Free Account

    Features of this trading account include:

    • No initial deposit amount
    • Spread the stats from 0.5 pips
    • No LCG commission is charged by the company for Just trading account
    • The leverage charge this 1:30
    • Specially developed for Muslim traders who follow Sharia law and their beliefs. Whenever you are up for this trading account, no sweat charges or rollover LCG charges or interest charges are overnight positions holding charges are valid.
    • This option is only available for UK Muslim residents.
    • To access an Islamic account you must provide proof of identity.

    Demo Account

    LCG has also developed a virtual trading account.

    This virtual trading account demo account is a simulation or a virtual space or a risk-free trading environment where you can use the various trading instruments provided by LCG and trade in various assets using the virtual currencies or dummy money provided in the demo account.

    You can sharpen your skills in the demo account and also try your multiple strategies.

    LCG Account Opening Process

    Let us now discuss the LCG trading process but before that, we need to discuss the account opening process. Some simple steps have to be followed:

    • You must visit the website of the broker www.lcg.com and navigate towards the account opening page
    • On the account opening page, you will need to provide some necessary details like name, address, email address, phone number, area of residence, and some other necessary details.
    • The next step is the EKYC verification where identity proof has to be submitted for identity verification
    • Once both of the processes have been completed, you’re trading account will be activated in a matter of 24 to 48 hours
    • Login ID and password would be available in your mail address after account activation
    • You can use the web trader or the trading platform or the mobile trading application to log in to your trading account.
    • LCG has provided various payment methods to add funds and withdraw funds from your main account
    • Remember to use the demo account or the virtual account to get accustomed to the process, environment, and the whole application.

    LCG Payment or Withdrawal Methods

    Transaction Options
    Deposit Options Visa/Mastercard, UnionPay, Southeast Asia Real-time Banking, Skrill Moneybookers, Neteller
    Withdrawal Options Visa/Mastercard, UnionPay, Southeast Asia Real-time Banking, Skrill Moneybookers, Neteller

    While trading, you need to have money in your account to trade using the various trading instruments on the various asset classes.

    LCG provides various types of payment methods and it depends on your area of residence and the jurisdictional law of your counter.

    The payment methods include:

    Deposit Methods:

    Visa/Mastercard, UnionPay, Southeast Asia Real-time Banking, Skrill Moneybookers, Neteller.

    Withdrawal Methods:

    Visa/Mastercard, UnionPay, Southeast Asia Real-time Banking, Skrill Moneybookers, Neteller

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    LCG Investment Assets

    Investment Assets
    Currencies Trading Yes
    Commodities Trading No
    Indices Trading No
    Stocks Trading Yes
    Cryptocurrency Trading No
    ETF’s Trading No
    Bonds Trading No
    FUTURES Trading Yes
    OPTIONS Trading No
    Supported Cryptocoins NA
    Total Tradable Assets 60+
    Number Of Currency Pairs 20
    Number Of Cryptocurrencies NA
    Number Of Stocks NA
    Number Of Indices 22
    Number Of Commodities NA
    Number Of Futures 18
    Number Of Options NA
    Number Of Bonds NA
    Number Of ETFs NA

    When a customer decides to trade with LCG, they are offered a wide range of forex markets and asset classes.

    In this section we would be discussing the LCG investment classes where you can invest:

    • Customers registered to LCG are allowed to invest in currency trading, stock trading, and futures trading.
    • The total number of tradable asset pairs are 60 plus
    • The number of currency pairs is 20
    • The number of indices in which you can trade is 22
    • The available number of futures is 18.

    LCG Commission – Conclusion

    LCG is a British online forex trader that was established in 1996.

    With years of experience in the forex market, the company promises to provide the most advanced and trustworthy trading services along with thousands of trading facilities.

    You will have a variety of commission plans to choose from and the commission charges and the variables are the non-trading LCG fee is quite compatible when compared to some of the other competitors in the market.

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    LCG Charges or Fees – FAQs

    Here is the list of FAQs related to the LCG Commission:

    Does LCG charge commission?

    LCG has levied various types of commission charges and various trading fees and non-trading fees.

    The LCG commission charge varies upon the type of trading account or the asset in which you are trading.

    How much does LCG charge brokerage?

    LCG brokerage charge is quite comfortable when compared to some of the other competitors in the market.

    The main reason behind this competitive LCG brokerage is its advanced facilities and the competition between other trading companies.

    What is the Minimum Deposit required in LCG?

    LCG has not said any kind of minimum deposit or initial deposit amount whenever you want to trade with the company or open a trading account.

    However, for the ECN trading account, the minimum deposit is $10,000 and there are some commission charges associated.

    How much leverage does LCG provide?

    The leverage amount directly depends on the commission plan or the trading account or the number of tradable assets and the trading platform that you are using.

    The maximum leverage that can be charged is 1:500 for all the major currency pairs.

    How much is Spread at LCG?

    The spread LCG charges are also variable and vary depending on the trading platform or the trading asset class. It starts from 0.6 pips to 1.5 pips.

    What type of Commission Plans are available in LCG?

    Some of the commission plans available in LCG are:

    • ECN trading account
    • CFD trading account
    • Spread betting account
    • Islamic swap-free account

    Does LCG provide Cryptocurrency for Investment?

    One of the negative points of LCG is that they do not allow its users to invest using the various cryptocurrency pairs that are available in the various global forex markets.

    Is LCG a legit Forex Broker?

    The Broker is regulated and monitored by the FCA, the UK thus it is a legit broker.

    The company promises negative balance protection along with encryption for all the client’s data and funds.

    Can I invest in LCG for $5?

    There is no mentioned initial deposit on the minimum deposit amount required to open a trading account with LCG.

    Thus you can also invest using $5.

    Are there any hidden charges available with LCG?

    The company promises complete transparency of all its LCG Commission, LCG fee, and LCG charges.

    All the charges have been mentioned in the article and for more details on the fee structure, you can visit the official website.

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