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.

Exness
9.5 /10

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.

VISIT EXNESS
London Capital Group
9.8 /10

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.

VISIT LONDON CAPITAL GROUP
AvaTrade
9.7 /10

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.

VISIT AVATRADE
About

Exness is regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF. Exness have provided Forex trading services since 2008.

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?
  • Yes Over 10 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF
  • Yes Over 22 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CIMA, and CySEC
  • Yes Over 12 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Central Bank of Ireland, ASIC, FSA, FSB and BVI
Headquarters Limasol, Cyprus; St. Vincent and the Grenadines London, UK Dublin, Ireland

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No Yes Yes
CFD No Yes Yes
Spread Betting No Yes Yes
Social Trading No No Yes
MARKETS & INSTRUMENTS
Forex (currency pairs) 103 66 59
Commodities Offered 0 10 16
Stocks Offered 0 99
Bitcoin No No Yes
Majors Yes Yes Yes
Indices No Yes Yes
US Stocks No Yes Yes
Penny stocks No No No
Energies Yes Yes Yes
Metals No Yes Yes
Agriculturals Yes Yes Yes
FTSE No Yes Yes
Dow Jones No Yes Yes
Dax No Yes Yes
Nikkei No Yes Yes
ETFs No Yes Yes
IPO No No Yes
See all instruments

54.3% of retail investor accounts lose money when trading CFDs with this provider

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 image image image
MT4 Yes Yes Yes
MT5 Yes No Yes
MT4 Mac Yes No Yes
WebTrader Yes Yes Yes
Mirror Trader No No Yes
ZuluTrade No No Yes
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms No LCG Trader AvaTradeAct, AVAOptions

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image No No No
Available Languages

English, Russian, Chinese, Urdu, Malay, Indonesian, Hindi, Arabic, Bengali, Farsi, Tamil, Vietnamese, Thai, Korean, and Spanish

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

54.3% of retail investor accounts lose money when trading CFDs with this provider

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 Exness and London Capital Group

Demo account Yes Yes Yes
Mini account Yes Yes Yes
Micro account No No Yes
Standard account Yes Yes Yes
ECN Account Yes Yes No
Islamic account Yes Yes Yes
Zero spread account No Yes No
VIP account No Yes Yes
Fixed spreads Yes No Yes
Variable spreads Yes Yes Yes
See account options

54.3% of retail investor accounts lose money when trading CFDs with this provider

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 Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) Yes Yes Yes
Virtual private server Yes No No
Direct market access No No Yes
STP broker Yes Yes No
Market maker Yes Yes Yes
Min trade 0.01 Lot £0.50 0.01 Lot
Max trade 200 Lot None None
Min deposit $1 $0 $100

RISK MANAGEMENT

Stop losses No Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops No Yes Yes
Price alerts Yes Yes Yes
Signal trading No No Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No Yes
Neteller Yes Yes Yes
Skrill No Yes Yes
Payment processing time 1 business day Varies Varies
Withdrawal processing time 1 business day Varies Varies
See all funding options

54.3% of retail investor accounts lose money when trading CFDs with this provider

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 357 25 030 959 44 (0) 207 456 7020 (44) (0) 8005200423
Live Chat No Yes Yes
Website https://www.exness.com/ www.LCG.com http://www.avatrade.com/
Spreads:
EUR/USD (Average: 0.7 pips) 1.1 pips 0.75 pips + $1.00 0.9 pips
GBP/USD (Average: 1.1 pips) 1.2 pips 1.2 pips + $1.00 1.6 pips
USD/JPY (Average: 1.1 pips) 0.2 pips 0.85 pips + $1.00 1.1 pips
AUD/USD (Average: 0.8 pips) 0.2 pips 0.8 pips + $1.00 1.1 pips
USD/CHF (Average: 2.3 pips) 0.3 pips 1.9 pips + $1.00 1.6 pips
USD/CAD (Average: 2.9 pips) 0.3 pips 1.2 pips + $1.00 2.0 pips
NZD/USD (Average: 3.6 pips) 0.2 pips 1.8 pips + $1.00 1.8 pips
EUR/GBP (Average: 2.4 pips) 0.3 pips 1.1 pips + $1.00 1.5 pips
View all spreads

54.3% of retail investor accounts lose money when trading CFDs with this provider

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 $10- $30 Yes (0.1% - 0.25%) No
Deposit Fee Yes No No
Withdrawal Fee Yes No No
View All Fees

54.3% of retail investor accounts lose money when trading CFDs with this provider

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.

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Last update

All information collected from https://www.exness.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

EXNESS was founded in 2008 and have quickly become a global leader in forex brokerage with a monthly trading volume of over 180 billion USD. EXNESS have grown to a leading player in the online brokerage company by providing 0% commission on deposit and withdrawals, tight spreads, no hidden commissions, instant withdrawals and 24/7 technical support in 13 different languages.

By choosing to open an account with EXNESS you will be choosing a brokerage that has access to leading positions in the forex market, free VPS hosting and available on multiple platforms including the universal standard MT4 and MT5. They are a top choice for traders seeking a quality online broker and are opening over 15,000 new accounts every month.

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.

With London Capital Group you can trade Forex, indices, shares, commodities, bonds and interest rates. If you like to trade on the go, London Capital Group have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

London Capital Group offer LCG Trader, MT4 platforms to make your trades and support 1 different languages.

The spreads offered by London Capital Group for the most popular instruments are:
0.95 EUR/USD, 1.0 FTSE 100, 0.4 GOLD,
1.8 GBP/USD, variable DOW/JONES, 4.0 Crude Oil,
see all the spreads here.

For more information about trading with London Capital Group, we have put together an indepth London Capital Group review with all the pros and cons about this broker.

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.

For more information about trading with AvaTrade, we have put together an indepth AvaTrade review with the pros and cons about this broker.

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Exness or London Capital Group?

Offers fixed spreads or low spreads?

If you’re a trader looking for a broker that offers fixed spreads as a trading strategy, Exness may be the better option. However, if you want a broker with lower spreads on currency pairs like EUR/USD, London Capital Group may be more appropriate.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Exness and London Capital Group to be equally reliable. We’ve broken down why below:

Who are they regulated by?

Exness is regulated by CySEC, CRFIN, BaFin, AFM, Banque de France, CNMV, CONSOB, FI, KNF, while London Capital Group is regulated by Financial Conduct Authority, CIMA, CYSEC.

As the Financial Conduct Authority are one of the most stringent regulators in the world, London Capital Group will have very strict guidelines to follow to ensure they protect their retail trader clients.

AvaTrade are regulated by Central Bank of Ireland, ASIC, IIROC, FSA, FSB, UAE and BVI

How long have they been around for?

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.

Exness has been around for 11 years, while London Capital Group have been around for 23 years. Our third alternative broker, AvaTrade, have been around for 13 years.

Do they hold your money in a separate bank account?

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.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

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.

Both Exness and London Capital Group use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

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 Exness or London Capital Group in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

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.

Exness is a privately owned company, while on the other hand London Capital Group is still a publicly listed company.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Exness are based in Limasol, Cyprus; St. Vincent and the Grenadines, while London Capital Group are based in London, UK .

Do they offer the features you need?

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:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Exness and London Capital Group offer forex trading. Exness have a slightly larger variety of currency pairs with 103 pairs, compared to 66 offered by London Capital Group. Also, if you’re looking to trade cryptocurrencies,

Both Exness and London Capital Group allow you to trade commodities like gold, silver and crude oil.

Platforms & Account Types

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 Exness and London Capital Group offer this. Exness also offer the new & improved MT5 platform. 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. London Capital Group, for example, offer a mini account, standard account and VIP account.

For Muslim traders, Exness offers an Islamic account, which doesn’t accrue interest or incur/receive rollover swap points, as this is prohibited in Shariah law. You can learn more & compare Islamic trading accounts head-to-head here.

Trading features, risk management tools & funding methods

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.

Exness does allow scalping and hedging. While London Capital Group also allows scalping and hedging. You can trade with EAs (expert advisors) on both Exness and London Capital Group.

In terms of risk management tools, Exness doesn't offer negative balance protection, but London Capital Group does. Negative balance protection prevents you owing your broker more than you’ve deposited.

Exness accept Neteller while London Capital Group accept Neteller.

Are they affordable for what you need?

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, Exness charges 0.10 points, while London Capital Group charges 0.30 points. Therefore, Exness 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.

The Verdict: Exness or London Capital Group?

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. Exness 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.