London Capital Group – Regulation & Genuine User Reviews

This article of London Capital Group review presents a covering key aspects such as its regulatory standing and feedback from real users, including reported complaints and concerns. The goal of this review is to provide traders with a clearer understanding of how London Capital Group operates, helping them make an informed decision about whether the broker aligns with their individual trading goals, preferences, and overall requirements.

London Capital Group – Regulation

London Capital Group Ltd., is a company registered in England and Wales under registration number 3218125. London Capital Group is authorised and regulated by the Financial Conduct Authority (FCA) under the firm reference number 182110. The registered address for London Capital Group is: 2nd Floor, 75 King William Street, London, EC4N 7BE.

London Capital Group Review

1. Account Locked and Withdrawal Issues

A user shared in a London Capital Group review that he deposited €10,000 in his account with the London Capital Group broker, but when he tried to withdraw, his account was locked. Customer support allegedly told him he needed to deposit an additional €16,000 to access his earned funds.

2. Platform Problems and Fund Access

In another London Capital Group review, a user stated that after opening a trading account with the London Capital Group broker, the platform locked his account and required a fee to unlock it, causing loss of both time and money. The user moved funds to a more reliable platform.

3. Forced Closure of Client Positions

Another user reported that the London Capital Group broker changed its business model to an “Introducing Broker,” automatically closing client positions, including long-term trades in negative positions. The user claimed this prevented profits and alleged LCG benefited from these closures.

4. Ongoing Platform Outage

An user highlighted that the London Capital Group broker platform was down for over a week, preventing trading and withdrawals. Despite promises from customer service, the issue persisted, prompting the user to contact the FCA to reclaim funds.

5. Trade Manipulation Allegations

A user mentioned in a London Capital Group review that after making profitable trades, the London Capital Group broker removed over 30 positive trades via a “TP Adj” withdrawal, leaving only losing positions. LCG accused him of latency trading without evidence, causing losses over €14,000.

6. LCG UK and LCG Bahamas Are the Same

In a London Capital Group review, a user warned that both LCG UK and LCG Bahamas are part of the same London Capital Group broker, expressing dissatisfaction with the company and advising others to avoid trading with them.

7. Broker Acting in Its Own Favor

A user explained in a London Capital Group review that the London Capital Group broker operates like a casino, where the house always wins. He claimed LCG Bahamas repossessed his profits and left only negative trades, taking his funds without notice, and strongly advised others not to open accounts with LCG.

8. Unfair Practices and Regulatory Avoidance

The complaint alleges that London Capital Group avoids responsibility by operating through its Bahamas branch to distance itself from unfair and unjustified actions against retail clients. Although the Bahamas website references FCA regulation, all legal documents confirm it is the same entity. The complaint suggests the company exploits looser Bahamian regulations to carry out manipulative practices that would not be allowed under FCA oversight.

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