LCG – Is it scam or safe?

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LCG – Is it scam or safe?

London Capital Group Limited (LCG) is a financial company based in England. LCG is a subsidiary of London Capital Group Holdings plc (LCGH plc), which is regulated by the Financial Conduct Authority (FCA). The FCA license allows it to offer financial services, including forex.

However, there are some publications in forex forums that inform about poor practices related to spread-widening, slow documents processing, withdrawal delays and refusals.

So far, we haven’t received any complaints from clients of LCG.

If you feel frustrated by LCG and have something to share with us, please fill in the form below, describing your case:

6 Complains

  1. London CG is the worst broker I ever traded with. I opened a real account with them and I decided to test them before I make some huge deposit. So, I wanted to deposit around 100k and made a deposit of 8k for the test. Soon after this they widened spreads of majors to more than 110 pips and I lost 40% of my money. We took the same risk with other brokers and our strategy was profitable. Of course, no other broker had such “tight” spreads. So, this is their way to steal our money. Their answered this was disappointing but we must accept the reality. In that case they may widen the spread to 1000 pips and we must accept this?? Which broker offer such spreads? Well, LCG did!

  2. This is a scam company. They are racists. I sent all the necessary documents, IDs, credit cards … When they called me I told them I don’t speak English good. Then the man laughed at me and required two other documnts. I opened account with other brokers and everything was OK. Anyway, I sent these documents but my account still is not active. Then I started to search about this company and read about their tricks. When someone win they close his account and dont pay profit

  3. I lost all my mmoney with LCG. The problems came when I started winning. When my positions became profitable they closed them without any explanation! My stop loss order was far from current price and they were profitable. I checked and didnt find any spikes during that time. Something is wrong with this company. Do not think twice and stay away. They do not have support – they do not care of you! Just stop loss hunters.

  4. They do business as thieves and scammers. And this is another company that FCA tolerates. Stop loss hunting and scamming practices to the great level. This is a leading scam company. Criminals. They didn’t give me my bonus, they didn’t answer me in their chat. Just stole my documents. Not recommend!

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