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LIVE Traders - LCG -London Capital Group FX

  • #121
  • Apr 29, 2015 8:53am Apr 29, 2015 8:53am
Quoting Unabletrader
{quote} What about EU and GU pls?
Hi Un.. for the GU and EU im currently getting;

EU: 0.7 - 0.9
GU: 1.1 - 1.5

These were 0.2-0.5 very tight before the change.
  • #122
  • Apr 29, 2015 8:57am Apr 29, 2015 8:57am
Quoting rtradern
{quote} Hi Un.. for the GU and EU im currently getting; EU: 0.7 - 0.9 GU: 1.1 - 1.5 These were 0.2-0.5 very tight before the change.
Ok thank you.

I was thinking about opening an account with them but GU is a little expensive. We'll see if they can reduce their spread as they suggested.
  • #123
  • Apr 29, 2015 9:06am Apr 29, 2015 9:06am
Quoting Unabletrader
{quote} Ok thank you. I was thinking about opening an account with them but GU is a little expensive. We'll see if they can reduce their spread as they suggested.
Im not holding my breath, dont expect them to drop much....especially GU and EU.....they will mosy lightly target the others like GA EA GJ EJ but still dont think they will be any better. For this reason im looking at other brokers. A friend on mine here on FF is suggested ThinkForex? Im only considering brokers established in the UK and FCA regulated.

Anyone suggest any others, much appreicated.
  • #124
  • Apr 29, 2015 9:08am Apr 29, 2015 9:08am
Quoting rtradern
{quote} Hi Un.. for the GU and EU im currently getting; EU: 0.7 - 0.9 GU: 1.1 - 1.5 These were 0.2-0.5 very tight before the change.
This isn't extremely high?
If you look at FXCM for example the average spread on EU is 0.2-0.3 but if you add commission you get 1-1.2.
For GU FXCM averages 1.3-1.4 included commission.

Thinkforex is even more expensive according to Myfxbook.
  • #125
  • Apr 29, 2015 9:18am Apr 29, 2015 9:18am
Quoting rtradern
{quote} Im not holding my breath, dont expect them to drop much....especially GU and EU.....they will mosy lightly target the others like GA EA GJ EJ but still dont think they will be any better. For this reason im looking at other brokers. A friend on mine here on FF is suggested ThinkForex? Im only considering brokers established in the UK and FCA regulated. Anyone suggest any others, much appreicated.
Back then Lmax was able to provide EU @0.7 fees included. But it's more like 0.9-1 now.

Same thing for Price Markets.
  • #126
  • Apr 29, 2015 9:29am Apr 29, 2015 9:29am
to be honest i think about 0.5 - 1.5 is reasonable....Will see what LGC come back with. thanks.
  • #127
  • Apr 29, 2015 2:42pm Apr 29, 2015 2:42pm
Quoting Dkam
{quote} This isn't extremely high? If you look at FXCM for example the average spread on EU is 0.2-0.3 but if you add commission you get 1-1.2. For GU FXCM averages 1.3-1.4 included commission. Thinkforex is even more expensive according to Myfxbook.
I get EU @ 0.5 and GU @ 0.8 all included on average with FXCM... Active traders' commission is $30 per million then you can get a 40% discount through an IB
  • #128
  • Apr 29, 2015 5:00pm Apr 29, 2015 5:00pm
Quoting actalis
{quote} I get EU @ 0.5 and GU @ 0.8 all included on average with FXCM... Active traders' commission is $30 per million then you can get a 40% discount through an IB
I was just watching the price on myfxbook, so i am not aware of the active traders commissions and a IB.

Edit:

I would like to add;

A good broker for me isn't the cheapest one, it is the one which offers the best support, liquidity and withdrawn options. Quality comes at a price.
Compare it with a Ferrari vs a Porsche, of course the Porsche isn't bad, but can't compare to a Ferrari, so you get what you pay for.
  • #129
  • May 1, 2015 12:16am May 1, 2015 12:16am
Quoting M_j
hi, Anyone who trades FX with LCG -London Capital Group FX ? I would be very interested to hear about your experience as I'm considering them as one of my option to move too. If you could provide also how long you have been with them that would be greatly appreciated.
I read that they are focusing on becoming prime broker after a take over?
  • #130
  • May 1, 2015 3:49am May 1, 2015 3:49am
Quoting Raj77
{quote} I read that they are focusing on becoming prime broker after a take over?

I think you have that aroung the wrong way, they are now focusing on retail. LCG have recently changed their website and only offer MT4 platform and commissions are already included in spread. Basically they seem they same as most the other MT4 brokers that offer ok spreads.
  • #131
  • Edited 8:56pm Jun 24, 2015 8:32pm | Edited 8:56pm
so much talk about spreads
but not a word about withdrawals

how do they pay?
anyone has experience ?
  • #132
  • Jul 10, 2015 6:12pm Jul 10, 2015 6:12pm
Quoting Forexia
{quote} OMG!!! Another broker gone to the dark side! Looks like they have become Oanda, one of those NDD market makers or at best become one of those Australian pretend STP/ECN brokers at best. So now who's left as pure ECN brokers? Interactive Brokers, LMAX, Baxter-FX? And now there is three. This is sad.
saxo bank??
  • #133
  • Jul 10, 2015 9:52pm Jul 10, 2015 9:52pm
Quoting Alraqeem
{quote} saxo bank??
One of the BIGGEST market maker that drove traders to $100K+'s of losses during the SNB crisis by deliberately RETROACTIVELY requoting and filling orders at prices several 1000 pips away from the fair market close hours AFTER the SNB crisis and insisting their clients to pay back the artificially created/inflated losses.

Now there is a class-action lawsuit being launched by a Danish law firm on behalf of all clients that were wronged:

http://www.forexcrunch.com/saxo-bank...b-adjustments/

And the Danish Financial Regulatory Body has reprimanded Saxo Bank on specifically their handling of the CHF order handling processes during the SNB crisis:

http://www.financemagnates.com/forex...isis-handling/

If I were you, I would avoid this broker better than I would avoid Ebola!!
Make your losses in demo. Earn your profits live.
  • #134
  • Jul 11, 2015 1:44pm Jul 11, 2015 1:44pm
Quoting Forexia
{quote} One of the BIGGEST market maker that drove traders to $100K+'s of losses during the SNB crisis by deliberately RETROACTIVELY requoting and filling orders at prices several 1000 pips away from the fair market close hours AFTER the SNB crisis and insisting their clients to pay back the artificially created/inflated losses. Now there is a class-action lawsuit being launched by a Danish law firm on behalf of all clients that were wronged: http://www.forexcrunch.com/saxo-bank...b-adjustments/...
what about other times other than NB crisis?
you know CHF crisis is a fatal!

and give me another alternative!
if you check their Leverage 25:1 ---- mean they are good. very good.
  • #135
  • Jul 11, 2015 2:04pm Jul 11, 2015 2:04pm
ActivTrades??
  • #136
  • Jul 11, 2015 3:46pm Jul 11, 2015 3:46pm
Quoting Alraqeem
{quote} what about other times other than NB crisis? you know CHF crisis is a fatal! and give me another alternative! if you check their Leverage 25:1 ---- mean they are good. very good.
Well Saxo Bank wasn't the only broker that went through the CHF crisis but Saxo Bank was the one that deliberately retroactively requoted on clients' orders artificially creating hundred's of K's losses in some individual clients' accounts and the only one that had the gall to force clients to come up with the money. Many of the brokers at least decided to forgive the negative balances that they artificially created from requoting (like IC Markets) albeit grudgingly.

Besides the crisis, they are a market maker that trade directly against you, unless you don't mind never having a chance to profit, I would avoid them like Ebola.

For alternatives, there are plenty, I have listed quite a few already in this thread and in others, LMAX, Interactive Brokers (besides EXTREMELY HORRIBLE trading platform and EXTREMELY HIGH margin requirement and EXTREMELY LOW rollover rates), Baxter-Fx and etc. These brokers are ECN brokers and are all MILES BETTER than Saxo.

Even among market maker brokers, there are still better alternatives than Saxo, like Oanda, CMC Markets, just to name a few. Honestly I won't even look at Saxo even if it's the last retail forex broker left on earth.
Make your losses in demo. Earn your profits live.
  • #137
  • Jul 11, 2015 5:24pm Jul 11, 2015 5:24pm
thank u borther for detailed relpy

what about activetrades?
i recentrly open a live account with them (Middle East Desk?? )
  • #138
  • Jul 11, 2015 6:15pm Jul 11, 2015 6:15pm
Quoting Alraqeem
thank u borther for detailed relpy what about activetrades? i recentrly open a live account with them (Middle East Desk?? )
Never traded or demo'ed with them so don't have first hand experience with them. Judging from what they advertised on their website, it is a market maker just not sure whether they hedge against clients' trades or not.

If they do, then they are just another Oanda if they don't, then they are another Saxo or forex.com, brokers that I don't even call market makers but casino brokers.
Make your losses in demo. Earn your profits live.
  • #139
  • Jul 11, 2015 6:35pm Jul 11, 2015 6:35pm
Quoting Forexia
{quote} Never traded or demo'ed with them so don't have first hand experience with them. Judging from what they advertised on their website, it is a market maker just not sure whether they hedge against clients' trades or not. If they do, then they are just another Oanda if they don't, then they are another Saxo or forex.com, brokers that I don't even call market makers but casino brokers.
Hi,Forexia.
Thank you the comment.
  • #140
  • Jul 14, 2015 8:52am Jul 14, 2015 8:52am
I am looking for a new broker and have contacted about a dozen top brokers with a few questions. Only half of them replied within 48 hours and out of those just a few replied professionally. Looks like majority of brokers have outsourced their customer support to cheapest call centers in South Asia.

LCG was one of the broker replied professionally and in timely manner. Definitely will consider them for my new account.
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