LCG Trading Platform – Review, Top Features, Set-up Process, Benefits & more
Last Updated Date: Nov 17, 2022Find out all details about the LCG Trading Platform here.
The London capital group better known as LCG is one of the biggest businesses and the largest online brokers in the United Kingdom.
This financial company was established in 1996 and within a decade the company became a popular name in the forex market. LCG was one of the very few brokers who provided online trading services back in the early 21st century.
With over 25 years of trading experience in the various forex markets, the broker offers trading services to retail investors in Forex trading, CFD trading, and spread betting trading.
LCG is now a global broker and has its headquarters in London, the United Kingdom.
To cater to all the customer needs and to provide trading services for all its users, the company has developed specific trading software called the LCG Online Trading Platform or trading terminal.
Likewise, LCG also has developed a couple of LCG Trading Platforms and in this article, we would be discussing the features, the requirements, and the eligibility for each platform.
About LCG Trading Platform
A trading platform or a trading terminal is software that provides the user with an interface where they can use the various instruments, interactive charts, and analysis tools to trade on multiple assets in the different global forex markets.
So, to provide better trading services for all its customers, the broker has developed 2 LCG Trading Platforms or two trading terminals.
Each of the platforms has unique features and serves different needs of the traders.
Both trading platforms can be accessed from Windows, Mac, and mobile browsers and can be downloaded from the official website.
Get Free Access to Platform – Open a Forex Account Now!
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LCG Trading Platform – Top Features
The company has developed two types of LCG Trading Platform for its traders.
One is the company-owned LCG trader and another one is the globally recognized and popular MetaTrader 4.
Both the platforms have their advantages and limitations and before making a decision you must understand the options that you have.
You must ask some questions like your trading preferences, overall expectations from the market, which trading account you’re going to use, and your experience level in the trading market.
In this section, we have tried to explain each of these points, and this will help you select the trading platform according to your preference.
LCG Trader
The LCG trader is a company-owned version of the cTrader. The trading platform has been developed by Sportware Systems and FX Pro traders.
Some of the benefits of the LCG Online Trading Platform, LCG trader include:
- Trading is available on 5,000 plus trading instruments on over seven different asset classes
- You will have a customizable charting package
- Easy to optimize for a well-diversified portfolio
- Premium features are available such as client Sentiments and Depth of Market
- You will have a choice for more favorable pricing
- This is a LCG Web Trading Platform and you can use for mobile devices
- The LCG Trading Terminal is a multi-asset platform that is exclusively suitable for all the ECN traders
- All professional traders can use this application
- Day traders also prefer this trading platform.
MetaTrader 4
LCG also provides trading with the help of the globally recognized and popular MT4 or meta trader 4 LCG Trading Platform.
That’s reading terminal is well known for its quality performance and reliability.
MT4 was developed by MetaQuotes Software Corporation and has been in the trading market for a couple of decades.
All of the experienced day traders know everything about the MetaTrader 4 platform as it is a standard in the online brokerage industry.
Some of the exclusive advantages of the MT4 LCG trading platform over the company-owned platform are:
- The LCG Trading Terminal supports the ECN account, classic account, and Islamic account
- An optional feature available for trading with FX currency pairs, commodities, and various spot metals
- It has a user-friendly surface that can also be customized according to your needs
- Suitable both for beginners and professional traders
- Available both on iOS and Android platforms
- The desktop version uses advanced charting, a highly customizable environment, easy access to online tools, and has thousands of indicators
- You will have access to three major indicators that include Analyst Perspectives, Adaptive Candlesticks, and Adaptive Diverges Convergence (ADC)
- The LCG MetaTrader 4 platform is the world’s first market scanner that uses a non-trading expert advisor script.
How to set up a LCG Trading Terminal?
The process of downloading and setting up the trading platforms provided by the company is quite simple and only involves a few steps. In this section, we will be educating you about the setting up process.
The platforms are available for Windows and Mac users.
- In the first step, you have to register and open a trading account with LCG. For this, you have to visit the official page of the company.
- On the registration page, you will have the option to select the preferred trading platform.
- Now you can download the trading platform from the official website. There will be a couple of download links depending on the interface, the operating system, and the platform you want to select.
- After downloading the application you must install it immediately.
- Now run the application and on the login page use your trading account user ID and password
- After logging in you will have complete access to the wide range of trading applications and trading tools provided in your preferred terminal.
- The demo account can also be used whenever you need to try out strategies and various other skills
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How to Use LCG Web Trading Platform?
The process of using the terminal has been described in this section and the process is quite simple
- Visit the official website to open an account with the company
- you will have to fill out some details on the registration page
- next up is the KYC process where you have to verify your identity by uploading scan identity proof
- Once you are verified your account will be activated and the credentials would be available in your mail
- You can use the LCG trader or the MetaTrader 4 platform to log into your trading account
- You can add funds to your main account by using the various methods provided by the company
- Remember to use the demo account before stepping out in the real market
Advantages of LCG MetaTrader 5
Some of the advantages include:
- The broker is monitored by two governing bodies, FCA and CySEC
- Negative balance protection and client fund segregation is available
- Scalping and hedging is allowed
- You will have access to STP
- Two trading platforms are available, MetaTrader 4 for beginners and LCG trader for professionals
- available for Windows, Mac, and web browser
- User-friendly interface
- Value-added features like Client Sentiments and Depth of Market
- 5,000 + trading instruments and 7 different asset classes
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LCG Trading Platform – Conclusion
The London Capital Group is monitored and controlled by two top-tier governing bodies, CySEC and FCA, thus your data and funds are completely safe.
LCG has developed two types of trading platforms for beginners and experts.
The broker is registered in England and Wales and is regulated by the Financial Conduct Authority(FCA) and CySEC in Cyprus.
The company provides trading services in three types of accounts, ECN account, standard classic account, and Islamic account.
These accounts have their unique benefits and some other negative points. One is the LCG trader and another one is the MetaTrader 4 platform.
You can go through the entire article, understand your experience level, get to learn about the features, and then select the trading platform that you need.
LCG Trading Platform FAQs
Here is the list of FAQs related to the LCG trading platform:
What is the LCG Trading Platform called?
The broker has developed two types of trading platforms, one is the LCG trader and another one is the globally recognized meta trader 4 platforms.
These platforms are developed for a variety of users after knowing each feature you can easily select the desired trading platform.
Does LCG provide Web Trading?
The company has also developed a LCG Web Trading Platform that can be directly accessed from the web.
This is called the metadata for web trading platforms and has all the premium features of the actual MT4 platform.
This is also called a desktop trading platform.
Is LCG Trading Platform Free to use?
Yes, the company does not charge any extra amount for using the trading platforms.
Both the trading platforms can be downloaded free of cost from the official website and can be used as long as you have a trading account with the company.
How to download LCG Trading Terminal?
The download link is available on the official website of the platform.
You will find 3 to 4 download links that are based on the operating system and the trading terminal that you’re using.
What features does the LCG Online Trading Platform have?
Some of the features include:
- 24×5 customer support
- Multilingual trading platform
- Trading is available on 5,000 plus trading instruments on over seven different asset classes
- Y will have a customizable charting package
- Easy to customize for a well-diversified portfolio
- Premium features are available such as client Sentiments and Depth Of Market
Can I trade in Shares via the LCG MetaTrader 5?
The company allows its traders to trade using 5,000 plus trading instruments and 7 asset classes.
Along with the asset classes you can trade in shares directly from the trading platforms.
Is LCG Trading Terminal good?
Both beginners and professionals prefer trading terminals that are quite popular.
The LCG trader is specially made for professional traders but the MetaTrader4 platform has a user friend interface and is easy for all beginners.
Can LCG Web Trading Platform be used without EKYC?
Without KYC you cannot open a trading account with the company. So if you do not have a trading account you cannot use the trading platform, thus KYC is essential.
Does LCG Trading Platform provide Tips?
You will receive expert advice, tips from fellow traders, expert traders, and professionals at the company.
These tips are provided to help you understand the forex market and so that you do not lose any funds.
How to Buy Currencies via LCG Web Trading Platform?
Using the various payment methods provided by LCG you can buy currencies directly from the trading platforms.
Get Free Access to Platform – Open a Forex Account Now!
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