You can never lose more than the amount you have on deposit with London Capital Group, and you can trade in a variety of asset classes including all indexes, forex, cryptocurrencies, bonds, commodities, and stocks.
Pros
- $0 account minimum
- Instant sync between app and browser-based version
- LCG has the best analysis and insight tools for forex
- Mobile app is sleek and easy-to-use
Cons
- No third party tools or API
- No testing or automated strategy options
LCG’s main strength is that you can trade a variety of asset classes globally, and they do not charge trading commissions. The broker is well known for forex and cryptocurrency exchanges, but it also has a very competitive low spread. With a number of ways to access their online brokerage, you also never have to worry about losing track of your investments.
With its mobile app and browser platform, LCG is one of the more high-tech forex platforms available for mobile. However, they lose some points because they don’t offer a way to test strategies or automate your orders. That said, they do provide other benefits. For example, account holders can never go into the negative due to the company’s protection.
In our LCG broker review, we found LCG to have great customer service options. You can chat or call with their customer support team, and they are quick to respond to most requests.