image IG VISIT IG image London Capital Group VISIT LONDON CAPITAL GROUP image Forex.com VISIT FOREX.COM
About

IG is regulated by the Financial Conduct Authority and ASIC. IG have provided forex, spread betting, CFD, and stock trading services since 1974.

London Capital Group is regulated by the Financial Conduct Authority. London Capital Group have provided Forex trading services since 1996.

Forex.com is regulated by the Financial Conduct Authority. Forex.com have provided Forex, Commodities, Indices trading services since 1999.

Why choose them?
  • Yes Over 44 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority and ASIC
  • Yes Over 22 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CIMA, and CySEC
  • Yes Over 19 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority
Headquarters London, UK London, UK London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes Yes Yes
CFD Yes Yes Yes
Spread Betting Yes Yes No
Social Trading No No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 90 66 80
Commodities Offered 34 10 12
Stocks Offered 8000 220
Bitcoin Yes No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks No No No
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals Yes Yes Yes
FTSE Yes Yes Yes
Dow Jones Yes Yes Yes
Dax Yes Yes Yes
Nikkei Yes Yes Yes
ETFs Yes Yes Yes
IPO Yes No Yes
See all instruments

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

See all instruments

79% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

70% 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 No No No
MT4 Mac Yes No No
WebTrader Yes Yes Yes
Mirror Trader No No No
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms ProRealTime & L2 Dealer LCG Trader FOREXTrader PRO

APPS

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

English, French, German, Spanish, and Portuguese

English, Russian, Malaysian, Korean, Swedish, German, French, Indonesian, Turkish, Norwegian, Chinese, Italian, Arabic, Portuguese, Spanish, Polish, Thai, and Vietnamese

English, Chinese, and Arabic

See platform & features

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

See platform & features

79% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

70% 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 IG and London Capital Group

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

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

See account options

79% of retail investor accounts lose money when trading CFDs with this provider

See account options

70% 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 Yes No Yes
STP broker Yes Yes Yes
Market maker No Yes Yes
Min trade £1 £0.50 Varies
Max trade Variable None 5 million
Min deposit $250 $0 $50

RISK MANAGEMENT

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

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal Yes No No
Neteller No Yes No
Skrill No Yes No
Payment processing time Varies Varies Varies
Withdrawal processing time Varies Varies 1-2 business days
See all funding options

74% of retail investor accounts lose money when trading spread bets and 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

70% 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
Contact email Send Email Send Email Send Email
phone number 44 20 7633 5300 44 (0) 207 456 7020 Yes
Live Chat Yes Yes Yes
Website http://www.ig.com/ www.LCG.com http://www.forex.com
Forex Spreads
EUR/USD 0.60 0.30 1.00
GBP/USD 0.90 0.50 1.00
USD/JPY 0.70 0.40 0.90
AUD/USD 0.6 0.8 1.2
Cryptocurrency Spreads 10 N/A N/A
View all FX spreads

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

View all FX spreads

79% of retail investor accounts lose money when trading CFDs with this provider

View all FX spreads

70% of retail investor accounts lose money when trading CFDs with this provider

INDICE SPREADS
Dax 30 1.0 1.0 250.0
Nasdaq 100 1.0 0.7 130.0
Euro Stoxx 50 1.5 1.6 4.0
ASX 200 1.0 2.0
S&P 500 0.4 0.5 50.0
FTSE 100 1.0 1.0 150.0
Google 1 to 20 N/A N/A
Facebook 4 points per side N/A N/A
View all spreads

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

View all spreads

79% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

70% of retail investor accounts lose money when trading CFDs with this provider

FEES

Inactivity Fee Yes No No
Commission Yes (0.1%) Yes (0.1% - 0.25%) No
Deposit Fee Varies No No
Withdrawal Fee No No No
View All Fees

74% of retail investor accounts lose money when trading spread bets and CFDs with this provider

View All Fees

79% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

70% of retail investor accounts lose money when trading CFDs with this provider

Featured In Best Brokers For CommoditiesBest Brokers For StocksBest Brokers For CopperBest DAX BrokersBest Brokers That Accept Credit Cards Best Day Trading BrokersBest Brokers For CommoditiesBest Brokers For StocksBest Brokers For CopperBest FCA Regulated Brokers Best Futures BrokersBest FTSE100 BrokersBest Dow Jones BrokersBest DAX BrokersBest FCA Regulated Brokers
Last update

All information collected from http://www.ig.com/. Last updated on 01/07/2019.

All information collected from www.LCG.com. Last updated on 01/07/2019.

All information collected from http://www.forex.com. Last updated on 01/07/2019.

Company

Founded in 1974, IG are one of the largest and most respected brokers in the world. With over 125,000 traders, low margins and spreads, and a range of platforms, they're a popular choice for traders looking for a reputable broker that also offers a good range of markets and trading options.
IG are also one of the few brokers that offer experienced traders the chance to upgrade to an elective professional status. For more information about trading with IG, we have put together an indepth IG review with all the pros and cons about this broker.

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.

FOREX is a market leading broker with over 15 years' experience in the industry serving over 200,000 traders worldwide. As a publically traded company on the NY stock exchange, regulated by multiple regulating bodies including the Financial Conduct Authority in UK, FOREX is a broker you can trust. FOREX offer competitive pricing through its advanced technology and execute your trades fast and at the price you expect or better. Pricing is simple and easy to understand with no complicated commission structures or small print, you know what you will pay. With a commitment to customer support they offer 24 hour support from 9pm Sun through to 9pm Friday.

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IG or London Capital Group?

A wide range of instruments or ECN execution?

If you’re a trader looking for a broker that offers a wide variety of instruments to trade, IG is likely the better option out of these brokers. However, if you want a broker with ECN execution, 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 IG to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

IG is regulated by Financial Conduct Authority and ASIC, 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, both IG and London Capital Group will have very strict guidelines to follow to ensure they protect their retail trader clients.

Forex.com are also regulated by the Financial Conduct Authority.

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.

IG has been around for 45 years, while London Capital Group have been around for 23 years. Our third alternative broker, Forex.com, have been around for 20 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 IG 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 IG 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.

IG is more popular with over 195,000 traders.

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.

Both IG and London Capital Group are public limited companies.

Where are they located?

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

Both IG and 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 IG and London Capital Group offer forex trading. IG have a slightly larger variety of currency pairs with 90 pairs, compared to 66 offered by London Capital Group. Also, if you’re looking to trade cryptocurrencies, IG offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

Both IG 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 IG and London Capital Group offer this. Our alternative broker, Forex.com, 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. IG, for example, offer a mini account, standard account and VIP account.

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.

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

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

IG also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

IG accept Paypal 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, IG charges 0.60 points, while London Capital Group charges 0.30 points. Therefore, London Capital Group 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: IG 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, IG is more reliable based on our criteria above. London Capital Group has a wider range of instruments to trade. IG 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.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.