London Capital Group
At LCG we have put together a world class team consisting of some of the industry's best market analysts. Our team are leaders in their field and will provide you with high level analysis, breaking news and in-depth market reports. With LCG you'll get access to the tools and data you need to take your trading to the next level.
When you trade with LCG you'll enjoy industry leading spreads on a wide range of over 4,000 financial markets. Trade Major FX pairs including EUR/USD and GBP/USD from 1 pip.
You'll also enjoy tight spreads on leading stock indices including the UK 100 from 1 pt and Wall Street from 1.8 pt. Trade Popular shares including AstraZeneca, Barclays and Tullow Oil from 0.08% as well as a range of commodities, like Brent Crude and Gold from $0.5 cents.
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London Capital Group
Overall
London Capital Group rebranded to LCG: http://www.myfxbook.com/reviews/brokers/london-capital-group/1111205,1
Overall
Hello Everyone.
London Capital Group is the worst broker i have ever traded with. I opened up a account with them couple of weeks ago and fortunatly i decided to test them before i deposit huge amount of money. I started the account with around 8k and one of the guy i know started with 100k. On first of october 2015 ( 5 days ago) LCG widened the spread 112 pips ( i don't think any other broker will ever do to you no matter how volatile the market is ) and i lost 40% of my account. My strategy had nothing to do with it, We calculate the risk always and we had same price orders with other brokers same market conditions and same time but we made profit with them. The guy who started with 100k also lost more than 30k and the other client i know lost 75% of his account.
I can provide proof and if any of you are thinking to trade with LCG please make sure you read it. 112 pips spread is unacceptable, They stole our money and not helping any of their clients other than telling them that they received that price to fill the orders.
So we lose our hard earned money and their answer is that its disappointing but we will have to accept it.
So does that mean that if spread goes to 1000 they will fill our orders blow up our account and tell us its disappointing but we will have to accept it ?
firstly who will widen the spread to more than 100 pips ? Well LCG did.
Overall
http://www.forexpeacearmy.com/community/threads/london-capital-group-lcg-spread-ripoff.42279/
The typical spreads during the news at other brokers with ECN, STP on 2015.10.02 13:30:01 did not exceed 15 pips. The 121 pips spread that London Capital group (LCG) reported and cost us our entire account is abusive, irresponsible and neglectful. LCG should not be in business ripping off customers by reporting over 100 pips spreads randomly! Stay away from this broker...
Broker Spread on 2015.10.02 13:30:01:
ActivTrades: 4 pips
Tickmill: 7.3 pips
One Trade: 7.7 pips
fxopen: 8.9 pips
FXDD: 12.6 pips
IC Markets: 13.7 pips
OANDA: 15 pips
LCG: 121 pips spread!
