Legal General: customer reviews about the company’s performance in 2024.
Expert review of Legal & General Group
Want to join trading with Legal & General Group and benefit from operations with highly liquid assets? Find out how reliable the company’s statements and terms of cooperation are. We provide analysis results:
Main company information
Legal & General Group considers themselves reliable business partners and provides services in more than 43 countries worldwide. The following statistics are presented on the website:
- 310,000 active accounts,
- 99.99% successful transactions,
- 350+ assets to choose from,
- high order execution speed (up to 0.07 sec).
However, reality may differ, as evidenced by checking the domain history. The domain registration for lg-group.co only occurred in September 2023, indicating the recent establishment of the company.
The project’s authors turned out to be scammers, starting their operations long before the appearance of lg-group.co. Domain re-registration strategy is used to hide traces.
Legal & General Group provides false contact information, leaving no chance for prompt communication.
Company’s legal status
Client reviews identify Legal & General Group as a fraudulent structure. The absence of certificates and licenses on the official website indicates the company’s illegal activities.
Legal & General Group, lacking licenses for brokerage activities, lands on the regulators’ blacklist. FCA warns of fraud related to cloning legitimate companies.
Trading offer
With Legal & General Group, there is no possibility to use a demo account, complicating the training for beginners. Promises of modern technologies and free education often turn out to be empty words.
Main conditions:
- minimum deposit – from $250 to $10,000,
- spreads – from 0.5 points,
- no commissions,
- leverage – up to 1:100 (does not comply with European legislation),
- minimum position volume – from 0.01 lots,
- protection against negative balance.
Withdrawal of profits presents difficulties, as the Legal & General Group platform is solely focused on receiving funds.
Reviews and exposures
Opinions about Legal & General Group are only negative, as the company does not offer fair cooperation terms.
Participate in discussions and share your opinion about the broker, helping other traders make informed decisions.
Fraud process
Legal & General Group enticingly offers access to trading, attracting inexperienced users. The scammers hinder capital withdrawal, change rules, and require additional fees, leading to account blockages and money loss.
Conclusion
Do not trust your money to Legal & General Group. Look for verified brokerage services with transparent documents, honest reviews, and a reliable track record.