Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
![]() |
![]() |
![]() |
||
---|---|---|---|---|
BrokerDNA™
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
CM Trading
6.3
/10
VISIT CM TRADING
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
London Capital Group
9.8
/10
VISIT LONDON CAPITAL GROUP
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
AvaTrade
9.7
/10
VISIT AVATRADE
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
|
About |
CM Trading is regulated by FSP 3878. CM Trading have provided Forex, Spread betting, CFD trading services since 2011. |
London Capital Group is regulated by the Financial Conduct Authority. London Capital Group have provided Forex trading services since 1996. |
AvaTrade is regulated by the Central Bank of Ireland, ASIC (Australia), FSA (Japan), FSB (South Africa) and BVI. AvaTrade have provided Forex trading services since 2006. |
|
Why choose them? |
|
|
|
|
Headquarters | Mahe, Seychelles | London, UK | Dublin, Ireland | |
TRADING SERVICES OFFERED |
||||
Spot Forex | ||||
Forex (CFD) | ||||
CFD | ||||
Spread Betting | ||||
Social Trading | ||||
MARKETS & INSTRUMENTS | ||||
Forex (currency pairs) | 28 | 66 | 59 | |
Commodities Offered | 6 | 10 | 16 | |
Stocks Offered | 0 | 99 | ||
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
See all instruments
Losses can exceed deposits |
See all instruments
79% of retail investor accounts lose money when trading CFDs with this provider |
See all instruments
71% of retail investor accounts lose money when trading CFDs with this provider. |
||
PLATFORM & FEATURES |
See the platforms and features offered by each broker |
|||
Screenshot |
![]() |
![]() |
![]() |
|
MT4 | ||||
MT5 | ||||
MT4 Mac | ||||
WebTrader | ||||
Mirror Trader | ||||
ZuluTrade | ||||
Sirix | ||||
cTrader | ||||
PAMM | ||||
Custom Platforms | CM Trading CopyKat | LCG Trader | AvaTradeAct, AVAOptions | |
APPS |
||||
iOS |
||||
Android |
||||
Windows |
||||
Available Languages |
English, Spanish, Chinese, Arabic, and Indonesian |
English, Russian, Malaysian, Korean, Swedish, German, French, Indonesian, Turkish, Norwegian, Chinese, Italian, Arabic, Portuguese, Spanish, Polish, Thai, and Vietnamese |
English, Italian, German, French, Greek, Hebrew, Spanish, Arabic, Malay, Russian, Chinese, Portuguese and Dutch |
|
See platform & features
Losses can exceed deposits |
See platform & features
79% of retail investor accounts lose money when trading CFDs with this provider |
See platform & features
71% of retail investor accounts lose money when trading CFDs with this provider. |
||
ACCOUNT INFORMATION |
From micro accounts to ECN accounts, compare the accounts offered by CM Trading and London Capital Group |
|||
Demo account | ||||
Mini account | ||||
Micro account | ||||
Standard account | ||||
ECN Account | ||||
Islamic account | ||||
Zero spread account | ||||
VIP account | ||||
Fixed spreads | ||||
Variable spreads | ||||
See account options
Losses can exceed deposits |
See account options
79% of retail investor accounts lose money when trading CFDs with this provider |
See account options
71% of retail investor accounts lose money when trading CFDs with this provider. |
||
TRADING CONDITIONS |
||||
Scalping | ||||
Hedging | ||||
Expert advisors (EAs) | ||||
Virtual private server | ||||
Direct market access | ||||
STP broker | ||||
Market maker | ||||
Min trade | 0.01 Lot | £0.50 | 0.01 Lot | |
Max trade | None | None | None | |
Min deposit | $250 | $0 | $100 | |
RISK MANAGEMENT |
||||
Stop losses | ||||
Limit orders | ||||
One-click trading | ||||
Trailing stops | ||||
Price alerts | ||||
Signal trading | ||||
FUNDING METHODS |
||||
Credit card | ||||
Bank transfer | ||||
Standard account | ||||
Paypal | ||||
Neteller | ||||
Skrill | ||||
Payment processing time | 1 business day | Varies | Varies | |
Withdrawal processing time | 1-3 business days | Varies | Varies | |
See all funding options
Losses can exceed deposits |
See all funding options
79% of retail investor accounts lose money when trading CFDs with this provider |
See all funding options
71% of retail investor accounts lose money when trading CFDs with this provider. |
||
DETAILED INFO |
||||
Excluded countries | US, CA, NZ, JP, BE | US, CA, NZ, JP, BE | BE,BR,NZ,US,KE,IN,GH | |
Contact email | Send Email | Send Email | Send Email | |
Phone number | 27 10 500 80 26 | 44 (0) 207 456 7020 | (44) (0) 8005200423 | |
Live Chat | ||||
Website | https://www.cmtrading.com | www.LCG.com | http://www.avatrade.com/ | |
Spreads: | ||||
EUR/USD (Average: 0.7 pips) | Not offered | 0.75 pips + $1.00 | 0.9 pips | |
GBP/USD (Average: 1.1 pips) | Not offered | 1.2 pips + $1.00 | 1.6 pips | |
USD/JPY (Average: 1.1 pips) | Not offered | 0.85 pips + $1.00 | 1.1 pips | |
AUD/USD (Average: 0.8 pips) | Not offered | 0.8 pips + $1.00 | 1.1 pips | |
USD/CHF (Average: 2.3 pips) | Not offered | 1.9 pips + $1.00 | 1.6 pips | |
USD/CAD (Average: 2.9 pips) | Not offered | 1.2 pips + $1.00 | 2.0 pips | |
NZD/USD (Average: 3.6 pips) | Not offered | 1.8 pips + $1.00 | 1.8 pips | |
EUR/GBP (Average: 2.4 pips) | Not offered | 1.1 pips + $1.00 | 1.5 pips | |
View all spreads
Losses can exceed deposits |
View all spreads
79% of retail investor accounts lose money when trading CFDs with this provider |
View all spreads
71% of retail investor accounts lose money when trading CFDs with this provider. |
||
FEES |
||||
Inactivity Fee | No | No | No | |
Commission | No | Yes (0.1% - 0.25%) | No | |
Deposit Fee | No | No | No | |
Withdrawal Fee | No | No | No | |
View All Fees
Losses can exceed deposits |
View All Fees
79% of retail investor accounts lose money when trading CFDs with this provider |
View All Fees
71% of retail investor accounts lose money when trading CFDs with this provider. |
||
Featured In | Best Social Trading BrokersBest Brokers For HedgingBest Brokers For Expert AdvisorsBest 5 Digit BrokersBest Brokers For Indices | Best Day Trading BrokersBest Brokers For CommoditiesBest Brokers For StocksBest Brokers For CopperBest FCA Regulated Brokers | Best MT4 BrokersBest Bitcoin BrokersBest Ethereum BrokersBest Ripple BrokersBest Litecoin Brokers | |
Last update |
All information collected from https://www.cmtrading.com. Last updated on 01/12/2019. |
All information collected from www.LCG.com. Last updated on 01/12/2019. |
All information collected from http://www.avatrade.com/. Last updated on 01/12/2019. |
|
Company |
CM Trading is an online forex trading service provider who are regulated by the FSB. To open an account with CM Trading, minimum deposits start from $250. |
London Capital Group is an online forex trading service provider who are regulated by the Financial Conduct Authority. To open an account with London Capital Group, minimum deposits start from No minimum, except for $10,000 for ECN and premium accounts respectively. |
Since 2006, Avatrade have attracted over 20,000 traders to their platform. While their spreads are not the most competitive, they do offer traders a range of great features, such as guaranteed stop losses, the ability to hedge / scalp, and low margins. |
|
Popular comparisons |
Popular comparisons feat. CM Trading
ETX Capital vs Plus500 |
Popular comparisons feat. London Capital Group London Capital Group Alternatives
LCG vs IG |
Popular comparisons feat. AvaTrade
Avatrade vs LCG |
If you want a broker with ECN execution, London Capital Group may be more appropriate. CM Trading and London Capital Group offer similar trading methods.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider London Capital Group to be the more reliable broker. We’ve broken down why below:
CM Trading is regulated by FSP 3878, while London Capital Group is regulated by Financial Conduct Authority, CIMA, CYSEC.
AvaTrade are regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI
If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).
This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.
CM Trading has been around for 8 years, while London Capital Group have been around for 23 years. Our third alternative broker, AvaTrade, have been around for 13 years.
You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?
Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.
All three brokers above will hold your money in a separate bank account.
Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.
CM Trading does not use tier one banks as their banking partner. London Capital Group uses tier one banks as their banking partner.
If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.
We’re not aware of any penalties or fines imposed by regulators on CM Trading or London Capital Group in the past five years.
While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.
Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.
CM Trading is a privately owned company, while on the other hand London Capital Group is still a publicly listed company.
Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.
CM Trading are based in Mahe, Seychelles, while London Capital Group are based in London, UK .
Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.
This can be broken down into three categories:
If you’re looking to trade currency pairs, both CM Trading and London Capital Group offer forex trading. London Capital Group have a slightly larger variety of currency pairs with 66 pairs, compared to 28 offered by CM Trading. Also, if you’re looking to trade cryptocurrencies,
Both CM Trading and London Capital Group allow you to trade commodities like gold, silver and crude oil.
CM Trading also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.
If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both CM Trading and London Capital Group offer this. Our alternative broker, AvaTrade, also offers MT4 and MT5.
In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. CM Trading, for example, offer a mini account, standard account and VIP account.
If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.
CM Trading does allow scalping and hedging. While London Capital Group also allows scalping and hedging. You can trade with EAs (expert advisors) on both CM Trading and London Capital Group.
In terms of risk management tools, CM Trading doesn't offer negative balance protection, but London Capital Group does. Negative balance protection prevents you owing your broker more than you’ve deposited.
CM Trading also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.
CM Trading accept Neteller while London Capital Group accept Neteller.
Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.
For trading EUR/USD, CM Trading charges points, while London Capital Group charges 0.30 points. Therefore, CM Trading is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.
Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, London Capital Group is more reliable based on our criteria above. London Capital Group has a wider range of instruments to trade. London Capital Group offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.
Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:
Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.