Broker Review · last checked July 2, 2026
LCG review
London Capital Group, often shortened to LCG, is a long-running UK broker brand with a current service model focused on introducing clients to third-party trading partners rather than running the old in-house dealing platform. That structural change matters for anyone researching safety, fees, platforms, and client-money arrangements.
- FCA-authorised firm page
- Official LCG legal and legacy pages
- Current-site disclosure on business model
- Review updated on July 2, 2026
London Capital Group (LCG) at a glance
Listing status: Eligible With Caution · regulated, fca, legacy, higher risk
Our verdict
LCG is best understood as a broker brand in transition. Its current website says the firm now works with selected third-party providers and supports clients through account opening, service, execution, and dispute resolution, while the legacy page says the previous in-principle model was wound down and the last client trades were closed on December 15, 2023. For researchers, that means the main question is no longer just “Is LCG regulated?” but “Which LCG service are you actually dealing with, and who holds your money?”
Pros and cons
- long operating history
- FCA-authorised UK entity
- clear official disclosures about the business-model change
- legacy documentation available for historical account research
- the current model is not the same as the old direct-trading setup
- public information is thinner than on a full-service retail broker
- the site itself warns that the information is not directed at U.S. residents
- and public pages do not present a simple, retail-style product list for every service feature a trader might expect
Entity and regulation table
| Item | Details | Evidence |
|---|---|---|
| Brand | London Capital Group / LCG | Official site |
| Legal entity | London Capital Group Ltd | Official site |
| Company registration | England and Wales company no. 3218125 | Official site |
| UK regulator | Authorised and regulated by the Financial Conduct Authority | Official site |
| FCA reference number | 182110 | Official site |
| Current operating model | Matches clients with carefully selected third-party partners | Official site |
| Legacy model status | Previous in-principle business was wound down; last client trades closed on December 15, 2023 | Official legacy page |
This table is intentionally conservative. It lists only claims supported by the current official site and legacy documentation.
Key facts table
| Topic | What public sources show |
|---|---|
| Minimum deposit | Not clearly published on the core official pages reviewed |
| Platforms | No simple current platform list was clearly published on the core official pages reviewed |
| Products | Spread betting, CFDs, futures, equities, and FX are mentioned on the official site |
| Client money | Legacy page says historical client money was returned to legacy account holders; current custody depends on the partner model |
| US availability | Official site says the information is not directed at residents of the United States |
| Contact | Phone, email, and London address are published on the official site |
Where the broker does not clearly publish a retail-style detail, the table states that clearly rather than guessing.
Alternatives to London Capital Group (LCG)
| Broker | Comparison score | Regulator signals | Platforms | Why compare | Review |
|---|---|---|---|---|---|
 XTB | 75.5 | FCA, CySEC, KNF | xStation, xStation mobile app | Readers who want a broker with publicly disclosed multi-jurisdiction regulation, Users who value transparent fee pages and entity-level lega | Read review |
 Capital.com | 73.5 | CySEC, Securities Commission of The Bahamas | Proprietary web platform, Mobile app, TradingView | Readers who want a broker with clear public legal-entity and regulator disclosures, Users looking for a proprietary web/mobile platform plus | Read review |
 Colmex Pro | 70 | Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (South Africa) | Colmex Pro 2.0, MT4, Web Trader | Readers who want a CySEC-listed broker with publicly verifiable entity details, Traders comparing U.S. equities-focused platforms and MT4 av | Read review |
 CMC Markets | 69.5 | FCA | Next Generation, MT4, MT5 | Traders who want a well-documented broker with clear public legal disclosures, Users who value proprietary platform depth alongside MT4/MT5 | Read review |
 Interactive Brokers | 68 | SEC, FINRA | IBKR Desktop, IBKR Mobile, Trader Workstation (TWS) | Experienced traders who want a broad platform lineup, Users who value detailed public disclosures, Clients who want multiple funding and acc | Read review |
Alternatives are sorted by the TopOnlineForexBrokers comparison score as of July 2, 2026. The score is not a safety guarantee.
Safety and regulation
LCG’s official site states that London Capital Group Ltd is authorised and regulated by the Financial Conduct Authority under FRN 182110, and that the company is registered in England and Wales under number 3218125. The current site also says the business matches clients with carefully selected third-party partners and that clients may hold funds with the largest firms in the industry. Separately, the legacy page explains that the earlier in-principle model was gradually wound down and that the last client trades were closed on December 15, 2023. That combination suggests a regulated UK company, but not a simple “one broker, one platform, one custody model” setup. Readers should verify which partner actually executes trades and where client money is held before depositing.
Fees, accounts, and platforms
The current official pages do not present a traditional retail account table with a published minimum deposit, spread schedule, or platform list on the core home/about pages we reviewed. What they do say is that LCG’s clients pay no fees to LCG for its service, because partner commissions fund the firm’s model, and that the firm provides support from account opening through execution and dispute resolution. The legacy materials include historical risk and product PDFs, which are useful for understanding the prior setup but should not be treated as proof of the current fee schedule or platform availability.
Deposits and withdrawals
Publicly available pages reviewed here do not provide a simple current deposits-and-withdrawals matrix. The legacy page says remaining legacy clients with unclaimed funds should contact the firm to arrange return of client money, which is a useful indicator that older balances were handled separately from the newer partner-led model. Because funding paths can differ by partner and jurisdiction, confirm the payment method, settlement entity, and any withdrawal rules in writing before sending money.
Country availability caveat
LCG’s site states that its information is not directed at residents of the United States or intended for use where such distribution would be contrary to local law or regulation. That is a website-use disclaimer, not a substitute for checking whether you are eligible to open an account in your own country. Availability can depend on the legal entity, the partner provider, and local rules.
Alternatives
If you want a broker with a more conventional retail disclosure stack, compare LCG with firms that publish a straightforward account, platform, and funding page set under one regulated entity. Good comparison points on our site include other FCA-regulated brokers, plus pages that explain regulation, deposit methods, and trading-platform basics in more detail.
How to verify LCG yourself
Start with the legal entity name, FRN, and the exact product you want to trade. Then check whether the account is opened with London Capital Group Ltd or a third-party provider, whether your funds are client money at the same entity that markets the service, and whether the platform, costs, and withdrawal rules are shown in the documents you receive before funding.
Common questions
Is LCG regulated?
Yes. The official LCG site states that London Capital Group Ltd is authorised and regulated by the FCA under FRN 182110. You should still confirm the exact entity named in your account paperwork before depositing.
Is LCG safe?
No broker can be called universally safe. LCG’s UK authorisation is a positive sign, but the current model involves third-party partners, so safety depends on the specific legal entity, custody setup, and product you use.
What happened to LCG’s old trading platform?
LCG’s legacy page says the previous in-principle business was wound down and that the last client trades were closed on December 15, 2023.
Does LCG publish a minimum deposit?
Not clearly on the main official pages we reviewed. If you are considering an account, ask the broker or partner provider for the exact funding threshold in writing.
Which platforms does LCG use now?
The public pages reviewed here do not give a simple current platform list. Because the firm now works with third-party providers, platform access may depend on the partner or account type.
Does LCG accept U.S. clients?
The official site says its information is not directed at residents of the United States. That is not the same as a full eligibility policy, so U.S. residents should not assume access is available.
How should I compare LCG with other brokers?
Compare the exact legal entity, regulator, funding methods, platform terms, and client-money disclosures side by side. For LCG, the key extra step is confirming whether you are dealing with the current partner-led model or a legacy account arrangement.
Check the details yourself
These are the pages we relied on. Read them before you open an account or send money anywhere.