LCG regulation & licences
Licences on record 2
1 Tier 1 — top-tier regulation
3 Tier 3 — moderate regulation
Licences are matched from public sources and regulator registers, and entities change over time. A licence held by one company in a group does not cover clients of another. Always confirm on the official register.
Regulatory profile
LCG is a spread betting & CFD provider founded in 1996 and headquartered in United Kingdom. London Capital Group.
In our database LCG is matched to 2 licences from FCA and SCB. The strongest of these, the FCA (United Kingdom) is among the regulators we classify as tier 1 — bodies with strict capital, client-money and conduct rules.
Like many international brands, LCG combines onshore and offshore entities. Clients in the UK, EU or other markets where it holds a strong licence are usually onboarded there, while clients elsewhere may be placed with its SCB-licensed company. The protections differ substantially, so check which company is named in your client agreement.
Depending on the entity, eligible clients may be covered by FSCS (FCA). Negative balance protection is mandatory for retail clients under FCA rules. Retail leverage caps apply at the FCA-regulated entities (for example 30:1 on major FX pairs at FCA).
LCG provides access to its own proprietary platform and MT4. The advertised minimum deposit starts at zero (no minimum) — minimums often vary by account type and entity.
Regulatory strengths
- Licensed by 1 tier-1 regulator (FCA)
- Operating for about 30 years
- Compensation scheme available at FCA entity
- Negative balance protection required at some entities
Points to check
- International clients may be onboarded to offshore entities (SCB)
Protection by entity
| Regulator | Compensation | Retail leverage | Negative balance protection | Disputes |
|---|---|---|---|---|
| 1 FCA | FSCS — up to £85,000 per eligible client per firm | 30:1 on major FX pairs for retail clients (20:1 minors, gold and major indices) | Required for retail clients | Financial Ombudsman Service (FOS) |
| 3 SCB | No compensation scheme | No statutory cap | Not a regulatory requirement | SCB |
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LCG regulation FAQ
Is LCG regulated?
Yes — in our database LCG is matched to 2 licences: FCA (United Kingdom) and SCB (Bahamas). Which of these protects you depends on the legal entity you open an account with. Always confirm the licence on the regulator's official register.
Is LCG a tier-1 regulated broker?
LCG holds 1 licence from regulators we classify as tier 1: FCA.
Does LCG accept US clients?
LCG is not matched to a CFTC/NFA registration in our database. Only CFTC-registered, NFA-member firms may offer retail forex to US residents, so LCG generally cannot accept US retail forex clients.
Is my money protected with LCG?
Clients of LCG's FCA-regulated entity may be eligible for statutory compensation (FSCS — up to £85,000 per eligible client per firm). Clients of other entities rely on segregation of funds and the firm's financial strength.
What is the minimum deposit at LCG?
LCG advertises no fixed minimum deposit on its standard account, although some account types, payment methods or entities may require one.
How can I verify LCG's licence?
Find the company name and licence number in LCG's client agreement or website footer, then search it on the regulator's official register (linked from each licence on this page). Confirm that the website domain you use is listed on the register, and check the regulator's warning list for clones.