LCG Demo Account – Opening Process, Charges, Features, Benefits & moreLast Updated Date: Apr 25, 2022
Find out everything about LCG Demo Account or Virtual Trading Platform here.
The United Kingdom has one of the oldest and one of the most experienced financial holding companies, London Capital Group or LCG.
Established in the year 1996, LCG is now known as one of the most competitive online brokerage firms in the whole of Europe.
The broker is regulated and monitored by the financial conduct authority, FCA, and CySEC. The broker also found a place on the top list of the London Stock Exchange.
In the year 2016, LCG launched its trading services by providing an advanced online trader, the LCG trader which is a web-based trading application.
The client’s reading with LCG has access to a wide range of assets that include forex pairs, CFDs, and spread betting instruments.
LCG provides various advanced features for all its status that include negative balance protection, client fund segregation, data encryption and also provides an LCG demo account.
In this LCG virtual training platform review, we would be talking about all the necessary details about the account.
LCG Demo Account
Worried about losing money in the online market? No problem, the broker provides an LCG demo account which is completely free of charge.
This LCG demo account is an additional feature that the broker provides for all its registered traders and probable traders.
LCG demo account is known to replicate the live trading account provided by the company and offers all the features available in the main account.
This simply means that the customers and the traders will have access to premium functions, features, tools, and various other options that are normally available on the live trading account.
LCG demo account is especially for all the beginner traders so that they can get a risk-free platform to train on.
The virtual account interface is completely idle for all the traders who want to learn the various tips and tricks of trading.
LCG demo account helps the user practice Forex trading in a 100a % risk-free simulation environment.
Open Demo Account Now! – Zero Commission on Trades
More Related Articles on Forex Demo Account
LCG Demo Account Features
LCG demo account is a virtual space or a practice account that gives all the traders and probable customers complete freedom to explore the companies’ offerings and all its features in a risk-free simulation environment with the help of virtual currencies.
All the new traders can use this LCG virtual trading account to get accustomed to the live trading environment where they can develop new trading skills, sharpen their trading skills, practice different trading strategies by actively participating in the global trades in the real-time market.
The exclusive features of the LCG demo account include:
- It replicates all the features and the user interface of a live trading account provided by the broker.
- The demo account is available free of charge and no charge is required during the registration process
- All the premium tools, features, and various options available in the live trading account is available to all the demo account users free of charge
- LCG provides large sum of virtual money in your local currency
- The risk-free environment gives the traders complete freedom to use virtual currencies to practice in a real-time market
- With this demo account, the users can also use the various features and the user interface of the LCG trading platforms
- LCG demo account is also available for all professional traders. They can try out various strategies in real-time market conditions and then use them in the real market to gain profit.
LCG Demo Account Charges
|Demo Account Details|
The broker provides various types of features that include segregated bank accounts, data protection 350 plus trading tools, trading in over 1000 instruments, and various other features.
However, for the LCG demo account, the company does not charge any amount during the registration process or while using it.
The demo account can even be used by probable users or users who want to explore all the features provided by LCG before opening a trading account with the company.
This simply means that the premium tools, trading instruments, trading charts, and various other features can be used free of charge whenever a customer uses an LCG virtual trading platform.
How to open LCG Demo Account?
To register for the LCG demo account, traders can follow the steps given below:
- On your search engine, visit the official website of LCG and click on the Open a demo account’ tab which is available on the homepage
- Once you click on the banner, you will be redirected to a new application page where some necessary information has to be filled out
- You need to provide necessary information like title, first name and last name, area of residence, number, email address and you also must select a strong password.
- After filling out the required sections, you can click on the submit banner and then choose your base currency, training platform preference, and the type of trading account.
- When you are done with the necessary selections, click on submit and you will receive an email verification link on your address.
- As soon as you have verified your email address by clicking on the available link in your email address, you will be redirected to the client portal while you will receive your trading account number for the LCG demo account
- You will also receive another email with the download link for the training platform and the installation link
- Once a trading platform has been installed, you can use the credentials available in your email to log in to your demo account from your desired trading platform.
Note: LCG, the traders must know that the demo account is only on the Classic Account.
Check Similar Articles on Forex Demo Account Charges
Advantages of LCG Virtual Trading Platform
Exclusive advantages and benefits of the LCG virtual trading platform include:
- Registration is available fully online
- The registration process is quick and hassles free
- Use of platforms like MetaTrader 4 and LCG trader is reliable and the use of user-friendly platforms
- The demo account can be used free of charge
- No charges are required at the time of registration for the LCG virtual Trading platform
- Virtual money are dummy money that can be available free of charge in your local currency
- Is available both for professional and new traders
LCG Demo Account – Conclusion
LCG is one of the most popular online trading service providers in the whole of Europe.
It has its headquarters in London and with years of experience, they have created a good position in the global forex market.
Along with exclusive features, the LCG demo account is also available for all the professionals and new traders who want to learn about the market and practice out various strategies.
Check Articles on Forex Demo Account & its Features
LCG Virtual Trading Account – FAQs
Here is the list of FAQs related to the LCG Virtual Trading account:
Does LCG provide Demo a/c?
Like some of the other trading companies, LCG has also developed an LCG demo account which is available for all the registered customers and for new traders who want to learn more about LCG.
How to Set up an LCG Demo Account?
The set-up process of the LCG demo account is simple:
- The official website of LCG has to be visited
- Then you have to click on the demo account opening tab
- Fill out the application form with some necessary details
- The next process is email verification with an OTP
- Once the verification is complete you will receive your ID and password in your email
- You will also receive the download link for your desired trading platform
- Now you can download the platform and log in with your credentials.
Is LCG Virtual Trading Platform Free?
LCG virtual trading platform has been made available free of charge as the company does not charge any fees during registration or while using the trading platforms.
However, the premium features can be available free of cost.
What are the Fees of the LCG Demo Account?
You do not need to pay any kind of fee whenever you’re using the LCG demo account as the company promises to provide it free of charge for all its users and probable customers.
Is AMC levied on LCG Virtual Trading Platform?
LCG virtual Trading platforms are available free.
Therefore the customers do not need to pay any kind of account maintenance charges while using the platforms.
Is the LCG Demo Account best?
LCG virtual trading account is considered to be one of the finest and best in the market due to its exclusive features, user-friendliness for all the users, and as it is available free of charge.
What Documents are required for an LCG Demo Account?
No KYC verification or any kind of identity verification has to be done whenever you are registering or opening an LCG demo account.
Therefore you do not need to submit any kinds of documents during the registration process.
Is PAN required for Opening an LCG Account?
You do not need to provide identity proof during the registration process, so a PAN card is not required.
Does LCG charge a Demo Account opening Fee?
There is no account opening fee whenever you are opening a demo account.
LCG promises no registration charges or user charges whenever you are using an LCG virtual account.
How much Virtual Money do you get in an LCG Demo Account?
An estimated amount of about $5,000 or 5,000 local currencies is available in the demo account.
These virtual currencies or paper money can be used whenever you are trading using the LCG demo account and this money cannot be redeemed into your real trading account.
Open Demo Account Now! – Zero Commission on Trades
Most Read Articles
|Forex Trading – Know Everything|
|Forex Broker – Know Everything|
|Why Trade in Forex?|
|How to Trade Forex?|
|Forex Trading Strategies|
|Forex Trading Tips|
|Become a Successful Forex Trader|
|Best Forex App|
|Top Forex Broker|
|Best Forex Trading Books|