CFD and spread betting
I referred a friend to London Capital Group after a trusted YouTuber reviewed them. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.
Pros: API access|Market news feed
Cons: Some tools only available on higher tiers|No integrated tax optimization
London Capital Group advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Detailed reporting|Quick verification|Market news feed|Fast deposits
Cons: Minor UI glitches occasionally
Started with London Capital Group optimistically but my experience has been mixed. The platform itself is good and execution is fast. However, I noticed spreads widen significantly during news events and the swap rates are higher than competitors. Good for day trading, less so for holding positions overnight.
Pros: Good platform, fast execution for day trading
Cons: Wide spreads during news, high swap rates
My withdrawal request from London Capital Group has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Smooth onboarding|Excellent charting|Great customer service|Clean UI
Cons: Some tools only available on higher tiers
I trusted London Capital Group with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Responsive team|Multi-device support|Excellent charting
Cons: No dark mode on mobile|Onboarding videos are outdated
London Capital Group does the job for casual forex trading. Platform works, spreads are okay but not the best I've seen. Customer support is hit or miss - some agents are very helpful, others seem to read from a script. Deposits are instant but withdrawals take 3-5 business days.
Pros: Functional platform, instant deposits
Cons: Average spreads, inconsistent support, slow withdrawals
Initially attracted to London Capital Group by their advertising. The headline spreads look great but in practice there are additional costs that aren't immediately obvious. I also get bombarded with promotional emails and phone calls encouraging me to deposit more. The trading itself is fine but the marketing tactics are off-putting.
Pros: Trading platform works adequately
Cons: Hidden costs, aggressive marketing practices
My card was charged twice by London Capital Group on the same day. I had to dispute it with my bank. London Capital Group then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Helpful community forum|Fast deposits|Segregated accounts|Risk management tools
Cons: Wait times can be long during peak hours