LCG Review

According to the LCG websites, “As one of the UK’s leading spread betting companies we pride ourselves on offering great value for money and an unrivalled customer service to our clients”.

LCG


LCG – Tight Spreads

The main cost with spread betting is the spread itself, i.e. the difference between the sell and buy price.

The wider the spread, the more costly it is for an investor to trade. LCG offers some of the tightest spreads available and this makes it easier for you to trade profitably.

For example, the spread on FTSE 100 shares is just 0.1%, i.e. just 0.05% per side of the underlying market.

For more examples of the tight spreads available see below.

Note that spreads can vary outside normal market hours.
LCG Review


LCG Review

LCG Account Review LCG
Web PlatformLCG - Web Platform
iPhone AppLCG - Phone App
iPad AppLCG - iPad App
Android AppsLCG - Android Apps
Deposit AccountLCG - Deposit Account
Typical Minimum Stake£1
Minimum Account Opening Deposit£0
Stop LossLCG - Stop Loss
Guaranteed StopsLCG - Guaranteed Stops
24 Hour TradingLCG - 24 Hour Trading
Live ChartsLCG - Live Charts
Demo AccountLCG - Demo Account
FCA – Authorised and RegulatedLCG - Authorised and Regulated by the FCA
Spread betting may also be available with other companies.


LCG Account

Looking in more detail at the company’s proposition, they offer:
  • Low Margin Requirements: ‘Margin’ is the amount of money you need in your account in order to make a trade. LCG offer low margin requirements across their entire range of markets. This means that you only deposit a small percentage of the total value of a trade before taking a new position. For example, you only need to deposit £30 to open a £1 Rolling Daily FTSE 100 trade.
  • Limit your Risk: in order to help with your risk management, every trade has a stop loss automatically applied to it. This gives you some protection if the market moves against you. However, in the event of a market gap your stop loss may not be filled at the level you requested unless you have specified for your trade to be guaranteed.
  • Wide Range of Markets: LCG offer more than 2,500 different products, including stock market indices, forex, commodities, bonds and interest rates. You can also trade a wide range of shares listed in the UK, US, Germany, France, South Africa, India and a number of other countries.
  • Small Stakes: you can start trading from as little as £1 a point.
  • Education: LCG offer a variety of learning tools.
  • Demo Account: if you are new to financial spread betting or perhaps interested in testing out the platform then LCG offer a free demo account. With the demo account you can familiarise yourself with the trading platform and test your trading without risking any of your capital.
  • Monthly Seminars: it’s often useful to hear things from the people ‘in the know’. LCG offer free monthly seminars that cover a range of topics.
  • Free Trading Tools: clients are provided with a free trading tools section that offers a wealth of in-depth trading information including an economic calendar and a financial diary. There is also a range of independent technical analysis tools such as trading models, support and resistance levels and daily market commentary.
  • Live Charts: like most spread betting companies LCG provides clients with live streaming charts to keep an eye on the market’s current trends and price movements.

LCG Trading



LCG Mobile

The platform has been optimised for iPhone and Android based smartphones. The mobile trading software has been designed to give clients as much flexibility as the current online platform. Traders can:
  • Check the live prices and latest market movements.
  • Open and close positions.
  • Set a range of orders including: Stops, Limits, If Done and OCO orders.
  • View and amend your Portfolio.
  • Review the latest charts.



LCG CFDs

As well as a comprehensive spread betting service, LCG also offers a multi asset trading platform so you can spread bet and trade contracts for difference (CFDs) on shares, forex, indices and commodities.

CFDs offer an alternative to the more traditional ways of share trading. With CFD trading you do not own the underlying market and you do not put up the full value of the shares that you are buying or selling.
LCG Mobile

With CFD trading the main costs are normally the commission and the spread (ie the difference between the sell and buy price). It therefore costs more to trade when there are high commission levels and wide spreads.

There are no commissions with LCG CFDs and they also offer some of the tightest spreads in the market. For example, the spread applied to FTSE 100 equities is just 0.05% per side of the underlying market.

With LCG CFDs investors can also benefit from:
  • No stamp duty*
  • Low minimum margin rates
  • Trading an exact quantity of shares or lot sizes


LCG – Spread Betting Markets Review

A review of some of the most popular spread betting markets covering the typical in-hours spread sizes and stakes.


LCG Stock Market Index Review LCG
FTSE 100 daily – spread size1
Dow Jones daily – spread size2
DAX 30 daily – spread size1
Indices – minimum stake£1
Indices – more markets availableLCG - Stock Market Indices
Index spread betting may also be available with other companies.

Other stock market indices include the AEX, Australia 200, CAC 40, Euro Stoxx, Indian Nifty 50, MDAX, NASDAQ 100, Russ 2000, S&P 500 and Swiss SMI.


LCG Shares Review LCG
FTSE 100 shares – spread size0.10%
FTSE 100 shares – minimum stake£1
More shares markets availableLCG - Shares Markets
Shares spread betting may also be available with other companies.

You can also spread bet on other stocks and shares including a selection of AIM listed and FTSE Small Cap shares as well as Danish, Dutch, Indian, Norwegian, South African and Swedish shares.


LCG Forex Review LCG
Euro/Dollar daily – spread size1
Sterling/Dollar daily – spread size2
Forex – minimum stake£1
Forex – more markets availableLCG - Forex Markets
Forex spread betting may also be available with other companies.

There a number of other forex markets which are also available 24 hours a day, 5 days a week on the LCG platform, these include:
  • Majors e.g. AUD/JPY, AUD/USD, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, GBP/JPY, NZD/USD, USD/CAD and USD/CHF
  • Minors e.g. AUD/CAD, AUD/NZD, EUR/NOK, EUR/NZD, GBP/CAD, GBP/CHF, GBP/ZAR, NZD/CAD, NZD/CHF, NZD/JPY, USD/DKK, USD/NOK, USD/SEK and USD/ZAR


LCG Commodities Review LCG
Gold – spread size4
Brent Crude Oil – spread size5
Commodities – minimum stake£1
Commodities – more markets availableLCG - Commodities Markets
Commodities spread betting may also be available with other firms.

Other commodities available include carbon emissions, cocoa, cotton, heating oil, orange juice, silver and soybean.


LCG Bonds and STIRS Review LCG
Interest Rate markets availableLCG - Interest Rate Markets
Bonds markets availableLCG - Bonds Markets
Spread betting may also be available with other companies.


About LCG

LCG is a trading name of London Capital Group, a leading financial services company founded in 1996 and listed on the London Stock Exchange’s AIM market.

LCG contact details:

LCG
2nd Floor
6 Devonshire Square
London
EC2M 2AB

Phone: +44 (0) 20 7456 7020

Official website: LCG

Spread Betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit. These trading products may not be suitable for all investors so seek independent advice.

LCG is a trading name of London Capital Group, which is authorised and regulated by the Financial Conduct Authority and a member of the London Stock Exchange. Registered Address: 2nd floor, 6 Devonshire Square, London, EC2M 4AB. Registered Number: 3218125.

Spread Betting and CFD trading carry a high level of risk to your capital and you can lose more than your initial deposit. These trading products may not be suitable for all investors so seek independent advice.

LCG is a trading name of London Capital Group, which is authorised and regulated by the Financial Conduct Authority and a member of the London Stock Exchange. Registered Address: 2nd floor, 6 Devonshire Square, London, EC2M 4AB. Registered Number: 3218125.

AuthorAlex Turner

Senior Editor, SpreadBetMagazine