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LCG Review
LCG is a long running London broker still owned by bankrupt Swiss firm FlowBank. FCA rules currently block it from holding client money directly.
Min Deposit
N/A
Spreads From
1.0 pips (standard account)
Max Leverage
1:30 for retail clients under FCA rules
Platforms
LCG Trader, MetaTrader 4
Pros
- Authorised by the FCA under reference number 182110 since 2001
- Uses IG Group for execution, a large and well known FCA regulated partner
- Offers both its own LCG Trader platform and MetaTrader 4
- Over 25 years of trading history under the London Capital Group name
Cons
- Owned by FlowBank, a Swiss bank that went bankrupt in June 2024
- FCA register currently shows it cannot hold or control client money
- Ownership is unsettled while FlowBank liquidators search for a buyer
- Several unrelated clone firms use the LCG name to scam people
LCG, short for London Capital Group, has traded from London since 1996. Its parent company became the Swiss firm FlowBank. In June 2024, the Swiss regulator FINMA forced FlowBank into bankruptcy over a capital shortfall, and liquidators are still trying to find a buyer for LCG.
The FCA register still lists LCG as authorised, reference number 182110, but with a live restriction that stops the firm from holding or controlling client money. LCG now works as an introducing broker for IG Group, which supplies the pricing, execution, and platform behind the scenes while LCG focuses on client relationships.
Traders can use LCG Trader or MetaTrader 4, covering forex, indices, commodities, and share CFDs. The FCA has also published several warnings about unrelated clone firms that copy the LCG name and license number to trick people, so always check you reached the real lcg.com site before you send any money.
Max Leverage
1:30 for retail clients under FCA rules
Spreads From
1.0 pips (standard account)
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
