|Spread Betting Platforms||MT4, LCG trader|
|Spread Betting Markets||5,000+|
|Spread on EUR/USD||1.45 pips|
|Banking Methods||Credit Card, Debit Card, Wire Transfer, Neteller, Skrill|
|Demo Account||90 days|
|Regulated||Financial Conduct Authority (UK)|
|Customer Support||Email, Mail, Phone, Live Chat|
- No minimum deposit
- More than 5,000 markets
- Regulated by the FCA
- Tight spreads
- Low margin requirements
- Customer support available 24/6
LCG or London Capital Group is a UK-based CFD and spread betting provider that is regulated by the Financial Conduct Authority. They have been in operation for more than 20 years already and offer a huge range of advantages for their clients.
Spread Betting Platforms [19/20]
Spread betting can be done via the two types of LCG trading platform – the proprietary LCG Trader and the industry standard platform MT4 (MetaTrader4). The LCG Trader has exceptional charting abilities and is accessible via a web browser or their mobile apps for devices that are running on iOS and Android. It comes with automated trading and while the interface can be fully customized according to your preference. Alternatively, you can spread bet on the MT4 platform which is one of the most widely used platforms in this industry. This can be accessed via a desktop software, mobile apps for iOS and Android and web browsers as well.
Market Coverage [15/15]
With this brokerage, you will be able to access to a great range of more than 5,000 financial instruments and this includes popular markets such as the DAX, the UK 100, the Nikkei 225, major currency pairs like the EUR/USD and the GBP/USD among others. With such a diverse range of assets, you will certainly be able to find a number of interesting products to place your spread bets on.
Minimum Deposit [10/10]
You will be able to start with a low capital with LCG because there is no minimum deposit needed with this broker. All you have to do is fund your account with an amount that is enough to cover the margin requirements of the market that you are interested to spread bet on.
Spread Betting Advantages [19/20]
Among the strongest advantages of LCG is that they offer tight and fixed 1pt spreads even on major instruments such as the UK 100 and the Germany 30. You can go short or trade on falling markets and still make a profit if your speculation is correct. They also provide market news, videos and analysis so you are always updated giving you the opportunity to make better decisions on where to spread bet on your trades. There’s also a comprehensive Trading Academy which can help you in improving your skills and knowledge regardless if you’re a beginner or an experienced trader.
Customer Support [14/15]
The comprehensive FAQ page basically has the answers to commonly asked questions so be sure to check this section first to save time. Otherwise you can get in touch with the customer service department via phone, email or live chat. Based on our actual testing, their support agents were very professional and are very easy to reach although it is important to take note that they are available from Sundays 22:00 (GMT) to Fridays 22:00 (GMT). Overall, the service that they provided was highly satisfactory.
This investment firm has over 20 years of experience in the trading industry and is considered to be one of the leading spread betting providers particularly in the UK and Ireland. They are publicly listed on the London Stock Exchange and are also locally regulated by the Financial Conduct Authority. Our extensive research about this company also revealed that they are the primary choice of many spread bettors today due to their very tight spreads and low margin requirements.
What makes LCG a standout among the rest of the investment firms in this industry is that they have a complete package for spread betting such as the tight spreads, low margin and zero deposit requirements and thousands of global markets across a range of assets. If you are in search of a trustworthy brokerage that offers a world-class spread betting experience then LCG should definitely by your primary choice.
Total Score: 93/100