LCG Review

Deposits / Withdrawals

• Deposit Methods: Bank Wire Transfer, Visa, MasterCard, UnionPay, Skrill, Neteller
• Withdrawal Methods: Bank Wire Transfer, Visa, MasterCard, UnionPay, Skrill, Neteller

About LCG

London Capital Group Limited is authorised and regulated by the United Kingdom’s Financial Conduct Authority under firm reference number 182110. The company, incorporated in England and Wales, is registered under number 3218125 with its registered office at 2nd Floor, 75 King William Street, London, EC4N 7BE ().

The Cyprus-based entity London Capital Group (Cyprus) Ltd previously held an investment firm licence from the Cyprus Securities and Exchange Commission, licence number 341/17, issued on 23 October 2017. That licence was formally withdrawn by CySEC via Board Decision announced on 21 September 2021 ().

The FCA has issued a warning regarding a clone entity named “LCG Market / LCG Ltd” operating via the website lcgmarket.uk and using fraudulent details to imitate the legitimate London Capital Group. The genuine firm has no connection with this clone; the FCA warning clarifies that clients dealing with the clone are not granted protections like the Financial Ombudsman Service or the Financial Services Compensation Scheme ().

Who it’s for

• Clients seeking a firm regulated by the FCA (UK) with segregated client funds and compliance with UK regulatory standards.
• Individuals wishing to avoid unauthorised or clone firms, as identified in the FCA warning regarding lcgmarket.uk.

Pros and cons

Pros

• Authorised by the Financial Conduct Authority (FCA), FRN 182110, offering regulatory protection and client fund segregation ().

Cons

• The Cyprus entity’s CIF licence (no. 341/17) was withdrawn on 21 September 2021, limiting regulatory coverage to the FCA only ().
• Existence of a clone operation using lcgmarket.uk may pose a risk of client confusion or fraud ().