LIVE Traders - LCG -London Capital Group FX

yes, their customer service is around 1 star.
I doubted if LCG stuff have communication during the work.
My live account application is under operation by some stuff a few days ago,
but recent some another stuff asked me again to open a live account and I was not allowed to use demo account anymore.

Besides. I am positon trading and only trade GBPJPY; I found LCG rollver fee ,long and short GBPJPY are not good.

Hi everyone,
just wanna know if their currenex accounts are either segragated or not?
I'am also demoing their mt4 platform, the spead is fixed and it's seems a kind of subsidiary dealing desk with it's own regulation, isn't it?

Don't know exactly, although I think I read somewhere on their website that your deposit monies are segregated (I think that's what you're asking).

Regardless, as I've been looking for a new broker, I am not at all impressed with their MT4 demo. Mostly because it has a very slow response time back from their servers - not sure if that's an API induced delay, but I find it frustrating and concerning. Their MT4 also doesn't allow you to set a TP either as you make a buy/sell limit or after it's in place, if it's not more than 8 or 10 pips away. That is a major debilitation, and has been purposefully set by them that way, for reasons that are more advantageous to them and not you. So, all that malarchy about them caring about the trader goes out the window for me.

For all the high praise they tend to receive, be it good liquidity or something else associated with advanced traders, there are far better and equally safe MT4 brokers out there.

The praise is for their institutional accounts.

mt4 is horseshit...

For example ?

I second that.

Yup ! MT4 is ok for charting and testing the waters with a 500 $ account. For order entries, it's total crap.

I also interested to open an account with LGC, unfortunately from the research i conducted and communication with lcg's staff , seems they do not offer segregation account (please correct me if im wrong), thus make me worry about my capital's safety. below is the term of agreement relating to capital security when opening lgc acc via capital forex pro...i tried to upload the doc but the size is too big..you can get em when try to 'open' the account...

9. Security
9.1 All Assets belonging to you which we may at any time be holding for you (either individually, jointly with another, or as a guarantor of the account of any other person) or which may at any time be in our possession or control or carried on our books for any purpose, including safekeeping, are to be held by us as security for the performance of your obligations to us and held subject to a general lien and right of set-off for any of your liabilities to us and irrespective of the number of accounts you may have with us. We may, in our absolute discretion and without notice to you, apply and/or transfer any or all Assets belonging to you between any of your accounts with us and combine
or set off between accounts and convert any currency into another. Without prejudice to any other rights to which we may be entitled, we may at any time and without notice to you set off any amounts (whether actual or contingent, present or future) at any time owing between you and us paying you the difference.

9.2 Furthermore, as a continuing security for the performance of all your obligations (whether actual or contingent, present or future) to us under or pursuant to these Terms (the Secured Obligations) you grant to us, with full title guarantee, a first fixed security interest in all your Assets now or in
the future provided by you to us or to our order or under our direction or control or otherwise standing to the credit of your account(s) under these Terms or otherwise held by us or our nominees on your behalf. You agree that we shall be able to realise and apply such Assets in or towards satisfaction of all or any part of the Secured Obligations that are due and payable to us at any time without notice to you and without being liable to you for any loss which may arise through such realisation.

9.3 You hereby warrant and represent that any property or assets you transfer to us as Collateral under these Terms are free from any lien, security interest or other encumbrance other than the lien created under these Terms. You hereby also grant to us the right to pledge, re-pledge, hypothecate,
invest or loan, either separately or with the property of other clients any Collateral we hold for you whether, to ourselves as broker or to others in satisfaction of our clients’ obligations to us or such third party.

no segragated

i checked your preferred broker is lcg. Appreciate if u can share your experience with lcg (pros and cons) especially fund's safety and withdrawing money if u are using their service...thanks

hi, i dont normally post on websites like this but whilst a quiet period i noticed some bad reviews on LCG, are you talking about their institutional currenex platform or their mt4. from the currenex aspect i have been trading with them since last summer and can confirm execution, customer service and spreads are some of the best around.

http://www.ifaonline.co.uk/ifaonline...nsation-claims

i wonder how a good reputable broker have these news .

is there anybody know more about this case ???

The result was that clients' accounts collectively were overstated by about £1.8m higher than the true balances, he says.

"This effectively geared the trading so all the accounts were over trading so any losses were exaggerated."

If you find your account has been "over-rebated", you don't proceed to trade higher than normal size & rack up losses. Instead, you withdraw your entire account immediately and walk away whistling.

The £5.5m seems a little disengenious if it's simply the lawyer's calculation of their losses b/c of the overstatement. But b/c LCG ultimately screwed up, they do have a case. I imagine this get settled, but for much lower than £5.5m.

seems not over.

http://www.ifaonline.co.uk/ifaonline...ure-fos-ruling

Hi there is there anyone use LCG' s .fx extension platform? demo or real account doesn't matter please help?

Hello Norman i just came accross your post about LCG. I have been looking for someone who use LCG .fx extension account for a long time. Do you still have a real account with .fx extension ? If you have it already all i need is watching it for my research so i need an investor password only. i am ready to pay for it. you can contackt me via e-mail here is my e-mail address [email protected]

thanks

serdar balci

Hi group,
I saw the live feed from lcg and quite like it (tight spread). They still don't offer segregation account. They seem to pass the trade directly to PB.
On spread: they have tighter spread+commission vs fxcm
trade size: average ticket size=>100k
funding: only wire transfer
When comparing with fxcm, are they way above fxcm or under?
They seem to target institution and retail (lcg) while fxcm targets retailer: does it mean that institutions trust lcg and thus lcg is safer or has higher rank?
Should I switch from fxcm to lcg?
Thanks

hello. ngson99
do you trade with lcg?
good bye,

Before I fund the EBS account (50k entry for EBS is niiice) I would like to hear some traders' experiences with LCG. Spreads and commish sound pretty good. Looking forward to hearing what you all have to say. Thanks!

So LCG are offering you EBS Prime ?
I would be interested to hear what the total costs are.