London Capital Group (LCG) vs mgk global, Updated for 2024
Charles Seymour
Last Updated: 19-Apr-2024
Read our In-Depth London Capital Group (LCG) vs mgk global Review - Updated for 2024
This review comparing London Capital Group (LCG) and mgk global has been refreshed to reflect any changes for 2024 from seasoned professionals with extensive financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of London Capital Group (LCG) vs mgk global does not apply to all countries as follows:
London Capital Group (LCG) Excluded Countries
Australia, Belgium, Canada, New Zealand, Singapore, and United States of America.
mgk global Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare London Capital Group (LCG) vs mgk global
All online trading platforms has a few pros and cons, and a complete analysis of London Capital Group (LCG) vs mgk global would not be regarded as thorough without adopting a balanced approach.
Assess London Capital Group (LCG) and mgk global to understand how they stack up against each other prior to you create an account. A comprehensive comparison will put things into perspective to ensure that you remain informed about what to expect.
So you are looking for a reputable broker and are choosing between London Capital Group (LCG) or mgk global. Who should you choose?
This London Capital Group (LCG) vs mgk global comparison contains the latest information so you can easily compare mgk global against London Capital Group (LCG).
If you are a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough knowledge. You will acquire proficient at all the concepts of brokerage since you keep trading. For starters, you need to choose the ideal agent who will be clear with you constantly.
In this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. London Capital Group (LCG) and mgk global are two such stages that will take you along with your investment to great heights. It is crucial to compare London Capital Group (LCG) vs mgk global before you trust them with your cash.
Our London Capital Group (LCG) vs mgk global comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust London Capital Group (LCG) and mgk global side by side.
Our full London Capital Group (LCG) vs mgk global Review covers all you will need to know about trading with either London Capital Group (LCG) or mgk global. A good agent can multiply your first investments and give you favorable profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investing goals.
There's absolutely no sure-fire method to ensure profits; therefore, you should carefully assess your agent before you choose them. It is a common misconception that all agents will be the same, but that is not true. Wrong judgment, initially, can put your investments at risk.
London Capital Group (LCG) and mgk global are both brokers which have found their way successfully into the brokerage world. Within this review, we've tried to collate some of the vital facets of both London Capital Group (LCG) and mgk global. This review will allow you to know whether either mgk global or London Capital Group (LCG) is a good match for your investments or not. We have attempted to breakdown all of the qualities and fees for your advantage.
Benefits of London Capital Group (LCG) and mgk global Compared
London Capital Group (LCG) offers a minimum deposit of $100 while mgk global has a $250 minimum deposit.
Why smaller minimum deposits are good and how London Capital Group (LCG) and mgk global 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.
London Capital Group (LCG) allows you to trade around 100 financial instruments whilst mgk global allows you to trade around 100 financial instruments on their platform.
The more instruments you can trade on the London Capital Group (LCG) and mgk global trading 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 should never want to miss out on a trading opportunity due to the limitations of London Capital Group (LCG) or mgk global.
London Capital Group (LCG) and mgk global Contact Details
Being able to contact an online trading platform simply is important. London Capital Group (LCG) and mgk global have the following contact details and social medias that you can use.
Broker | London Capital Group (LCG) | mgk global |
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Telephone Number | 020 7456 7000 | |
support@lcg.com | ||
Address | 5 North Buckner Sq Olde Towne Sandyport, Sandyport Marina Village, West Bay St, Nassau, New Providence W1K 3JR, BS | |
London Capital Group (LCG) Twitter Account | mgk global Twitter Account | |
London Capital Group (LCG) Facebook Page | mgk global Facebook Page | |
London Capital Group (LCG) Instagram Account | mgk global Instagram Account | |
London Capital Group (LCG) LinkedIn Page | mgk global LinkedIn Page | |
YouTube | London Capital Group (LCG) YouTube Channel | mgk global YouTube Channel |
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mgk global and London Capital Group (LCG) Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of London Capital Group (LCG) and mgk global we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of the apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
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?
London Capital Group (LCG) vs mgk global - Awards
Broker | London Capital Group (LCG) | mgk global |
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Awards |
London Capital Group (LCG) have won many industry awards over the years they have been running as an online broker. We detail the most recognised awards for London Capital Group (LCG) below.
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At the time of writing this mgk global review, and despite mgk global’s impressive offering, the company has surprisingly not garnered any awards to date. |
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London Capital Group (LCG) vs mgk global - Frequently Asked Questions
London Capital Group (LCG) vs mgk global - Headquarters And Year Of Founding
London Capital Group (LCG) was founded in 1996 and has its headquaters in UK.
mgk global was founded in 2011 and has its head office in Cayman Islands.
What is the minimum deposit for mgk global or London Capital Group (LCG)
The minimum deposit for London Capital Group (LCG) is $100.
The minimum deposit for mgk global is $250.
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 London Capital Group (LCG) and mgk global are a good choice.
London Capital Group (LCG) vs mgk global - Regulation And Licencing In More Detail
London Capital Group (LCG) is regulated by Financial Conduct Authority (FCA: 182110).
mgk global is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F278.
Both London Capital Group (LCG) and mgk global have a powerful set of rules for ensuring fair trading on their individual platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their own privacy regulations, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare London Capital Group (LCG) vs mgk global Commission And Fees
London Capital Group (LCG) and mgk global are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled better. In other words, an internet broker is not necessarily affected by the amount of clients they have.
But this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily 3 different types of penalties for this objective.
The first kind of charges to look out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you are billed trading charges. In such instances, you are spending a spread, financing rate, or even a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the difference between the buying and selling cost. Funding or overnight prices are those that are charged when you maintain a leveraged position for longer than daily.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your account. They're billed for surgeries like depositing money, not investing for long periods, or withdrawals.
In general, neither London Capital Group (LCG) or mgk global charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for those who often trade, for example daily or weekly trading.
However, non-trading fees charged by London Capital Group (LCG) and mgk global are relatively lower. As a result, you're billed more for non-trading actions on your trading accounts, such as deposits and withdrawal. These are not about the sale and purchase of assets.
This London Capital Group (LCG) vs mgk global review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For London Capital Group (LCG) And mgk global
What Languages Do London Capital Group (LCG) And mgk global Support?
Being able to communicate easily with your trading platform is a key way of comparing brokers to find your perfect broker. Not only for support but to be sure you understand everything on their site and inside their app as it is a key part of success when trading forex.
Below you will find all the languages that both London Capital Group (LCG) and mgk global offer communication in.
How Many Clients Do London Capital Group (LCG) and mgk global Have?
Both London Capital Group (LCG) and mgk global are well known and trusted. It is important to work with a broker you can trust and one of the easiest ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many clients London Capital Group (LCG) and mgk global are working with
Broker | London Capital Group (LCG) | mgk global |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do London Capital Group (LCG) and mgk global Accept?
London Capital Group (LCG) and mgk global 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 London Capital Group (LCG) and mgk global
What Can You Trade With London Capital Group (LCG) and mgk global?
London Capital Group (LCG) offers 100 trading instruments and mgk global offers 161.
Below you will find a full breakdown of what both London Capital Group (LCG) and mgk global offer.
London Capital Group (LCG) Review
London Capital Group (LCG) vs mgk global:
Table Of Contents
- Compare London Capital Group (LCG) vs mgk global
- Benefits of London Capital Group (LCG) and mgk global Compared
- mgk global and London Capital Group (LCG) Mobile App Comparison
- London Capital Group (LCG) vs mgk global - Awards
- London Capital Group (LCG) vs mgk global - Frequently Asked Questions
- What is the minimum deposit for mgk global or London Capital Group (LCG)
- London Capital Group (LCG) vs mgk global - Regulation And Licencing In More Detail
- Compare Broker Fees For London Capital Group (LCG) And mgk global
- What Languages Do London Capital Group (LCG) And mgk global Support?
- How Many Clients Do London Capital Group (LCG) and mgk global Have?
- What Payment Methods Do London Capital Group (LCG) and mgk global Accept?
- What Can You Trade With London Capital Group (LCG) and mgk global?