IC Markets vs London Capital Group (LCG), for 2023
Read our In-Depth IC Markets vs London Capital Group (LCG) Review - Updated for 2023
This IC Markets vs London Capital Group (LCG) review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this IC Markets vs London Capital Group (LCG) review does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
London Capital Group (LCG) Excluded Countries
Australia, Belgium, Canada, New Zealand, Singapore, and United States of America.
Compare IC Markets vs London Capital Group (LCG)
Every online trading system has some pros and cons, and no IC Markets and London Capital Group (LCG) review would be complete without having a balanced approach. Compare IC Markets and London Capital Group (LCG) to understand how they stack up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for an online trading platform and are choosing between IC Markets or London Capital Group (LCG). Which one is best in 2023?
Our IC Markets vs London Capital Group (LCG) comparison contains the latest information so you can easily compare London Capital Group (LCG) against IC Markets.
If you are a new entrant in the realm of trading and brokerages, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough understanding. You'll acquire adept at all of the concepts of broker since you keep trading. For starters, you need to select the right agent who will be clear with you constantly.
In this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and London Capital Group (LCG) are two such trading platforms that will take you along with your investment into great heights. It is crucial that you compare IC Markets vs London Capital Group (LCG) until you trust them with your cash.
Our IC Markets vs London Capital Group (LCG) comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and London Capital Group (LCG) side by side.
Our full IC Markets vs London Capital Group (LCG) Review covers all you will need to know about trading using either IC Markets or London Capital Group (LCG). A good broker can multiply your initial investments and give you favorable profits. If you would like to make profits, you should trade with a broker service that aligns with your investing objectives.
There is no sure-fire way to guarantee profits; therefore, you must carefully analyze your agent before you select them. It is a common misconception that all agents will be exactly the same, but that's not true. Wrong judgment, in the beginning, can set your investments in danger.
IC Markets and London Capital Group (LCG) are both brokers which have paved their way successfully to the brokerage world. In this review, we have tried to collate some of the vital facets of both IC Markets and London Capital Group (LCG). This review will allow you to know whether either London Capital Group (LCG) or IC Markets is a fantastic fit for your own investments or not. We have attempted to breakdown all of the qualities and fees for your convenience.
Benefits of IC Markets and London Capital Group (LCG) Compared
IC Markets has a minimum deposit of $200 while London Capital Group (LCG) offers a $100 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and London Capital Group (LCG) compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
IC Markets has around 232 financial instruments whilst London Capital Group (LCG) allows you to trade around 232 financial instruments on their platform.
The more instruments you can trade on the IC Markets and London Capital Group (LCG) platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of IC Markets or London Capital Group (LCG).
IC Markets and London Capital Group (LCG) Contact Details
Being able to contact a broker simply is vital. IC Markets and London Capital Group (LCG) have the following contact details and social medias that you can use.
|
|
||
|---|---|---|
| Broker | IC Markets | London Capital Group (LCG) |
| Telephone Number | +248 467 19 76 | 020 7456 7000 |
| support@icmarkets.com | support@lcg.com | |
| Address | Level 4, 50 Carrington Street, Sydney NSW 2000 | 5 North Buckner Sq Olde Towne Sandyport, Sandyport Marina Village, West Bay St, Nassau, New Providence W1K 3JR, BS |
| IC Markets Twitter Account | London Capital Group (LCG) Twitter Account | |
| IC Markets Facebook Page | London Capital Group (LCG) Facebook Page | |
| IC Markets Instagram Account | London Capital Group (LCG) Instagram Account | |
| IC Markets LinkedIn Page | London Capital Group (LCG) LinkedIn Page | |
| YouTube | IC Markets YouTube Channel | London Capital Group (LCG) YouTube Channel |
| Find Out More |
|
|
London Capital Group (LCG) and IC Markets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing IC Markets and London Capital Group (LCG) will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
IC Markets vs London Capital Group (LCG) - Awards
|
|
||
|---|---|---|
| Broker | IC Markets | London Capital Group (LCG) |
| Awards |
IC Markets have won numerous industry awards over the time they have been running as an online trading platform. We show the most notable awards for IC Markets below.
|
London Capital Group (LCG) have won many industry awards over the years they have been running as a financial broker. We detail the most recognised awards for London Capital Group (LCG) below.
|
| Find Out More |
|
|
IC Markets vs London Capital Group (LCG) - Frequently Asked Questions
IC Markets vs London Capital Group (LCG) - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
London Capital Group (LCG) was founded in 1996 and has its head office in UK.
What is the minimum deposit for London Capital Group (LCG) or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for London Capital Group (LCG) is $100.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and London Capital Group (LCG) are a good choice.
IC Markets vs London Capital Group (LCG) - Regulation And Licencing In More Detail
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
London Capital Group (LCG) is regulated by Financial Conduct Authority (FCA: 182110).
Both IC Markets and London Capital Group (LCG) have a strong collection of rules for ensuring honest trading on their platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their individual privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IC Markets vs London Capital Group (LCG) Commission And Fees
IC Markets and London Capital Group (LCG) are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. That is, an online broker is not necessarily affected by the number of customers they have.
However, this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily 3 types of fees for this purpose.
The first kind of charges to look out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In such cases, you're paying a spread, funding speed, or even a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread denotes the gap between the buying and selling cost. Funding or overnight rates are people who are charged when you maintain a leveraged position for more than a day.
Apart from trading charges, online agents also bill non-trading fees. These are dependent on the actions you undertake on your accounts. They are charged for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
In general, neither IC Markets or London Capital Group (LCG) charge high fees compared to other online brokers. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for those who regularly exchange, for example daily or weekly trading.
But, non-trading fees charged by IC Markets and London Capital Group (LCG) are relatively greater. As a result, you are charged more for non-trading activities on your trading accounts, like withdrawal and deposits. These are not related to the sale and purchase of resources.
This IC Markets vs London Capital Group (LCG) review for 2023 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For IC Markets And London Capital Group (LCG)
What Languages Do IC Markets And London Capital Group (LCG) Support?
Being able to talk easily with your trading platform is a key way of comparing brokers to find the best broker. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key factor to success when trading forex.
Below you will find all the languages that both IC Markets and London Capital Group (LCG) offer communication in.
How Many Clients Do IC Markets and London Capital Group (LCG) Have?
Both IC Markets and London Capital Group (LCG) are well established with their customer base. It is important to work with an online broker you can trust and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many customers IC Markets and London Capital Group (LCG) are active on their platform
|
|
||
|---|---|---|
| Broker | IC Markets | London Capital Group (LCG) |
| Clients / Users | 60,000+ | 10,000+ |
| Find Out More |
|
|
What Payment Methods Do IC Markets and London Capital Group (LCG) Accept?
IC Markets and London Capital Group (LCG) both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at IC Markets and London Capital Group (LCG)
What Can You Trade With IC Markets and London Capital Group (LCG)?
IC Markets offers 232 trading instruments while London Capital Group (LCG) offers 100.
Below you will find a full breakdown of what both IC Markets and London Capital Group (LCG) offer.
Compare IC Markets To All Other Brokers
Compare London Capital Group (LCG) To All Other Brokers