London Capital Group Account Type

London Capital Group (LCG) offers several account types to cater to different trading needs and styles. The main account types include:

• Classic Account:
• No minimum deposit requirements.
• Relatively competitive spreads.
• Commission-free trading as broker fees are included in the spread.
• ECN Account:
• Requires a minimum deposit of $10,000.
• Lower leverage compared to the Classic Account.
• Spreads from 0 pips for forex instruments, with a commission charge of $45 per $1 million traded.
• Direct market access type, allowing no requotes.
• Swap-free Islamic account available upon request.
• CFD Account:
• Available for trading Contracts for Difference (CFDs) on various assets.
• Similar features to the ECN account but tailored for CFD trading.
• Demo Account:
• Available for both Classic and ECN account types.
• Allows traders to practice in a simulated environment with $10,000 virtual currency for 30 days.

London Capital Group Broker Account Opening Process

Opening an account with London Capital Group is a straightforward process. Here are the steps involved:

• Visit the LCG Website: Navigate to the official LCG website to start the registration process.

• Select Account Type: Choose the type of account you wish to open (Classic, ECN, or CFD).

• Complete Registration Form: Fill out the client registration form with required personal information, including:

• Name
• Email address
• Phone number
• Address
• Date of birth
• Provide Documents: Upload necessary documents for verification, such as:
• Identity proof (e.g., passport, driver's license)
• Address proof (e.g., utility bill, bank statement)
• Bank proof (e.g., cancelled cheque)

• Generate OTP: An OTP (One-Time Password) will be sent to your registered mobile number for verification. Enter the OTP to proceed.

• Verification: The submitted documents will be verified by the broker.

• Account Activation: Upon successful verification, you will receive an email confirming the activation of your account along with your login credentials.

• Fund Your Account: After activation, fund your account using available deposit methods such as bank transfers or credit/debit cards.

• Start Trading: Once your account is funded, you can begin trading on the LCG platform.

For more details, you can refer to the official LCG website: London Capital Group.