AvaTrade vs London Capital Group (LCG) - Fees Review included
Which broker is better AvaTrade or London Capital Group (LCG)? Our expert assessment conducted according to TU’s own methodology showed that AvaTrade is one of the top brokers in the financial market with the TU Overall Score of 7.16 out of 10. London Capital Group (LCG) is one of the top brokers in the financial market with the TU Overall Score of 4.85 out of 10. Find out more about TU Overall Score.
| Feature | AvaTrade | London Capital Group (LCG) |
|---|---|---|
Overall |
4.6 |
2.9 |
4.7 |
4.3 |
|
4.4 |
4 |
|
4.4 |
3.1 |
|
Investment Instruments |
4.2 |
1 |
Platforms and Charting Tools |
4.6 |
2.9 |
Deposit and Withdrawal |
4.7 |
2.5 |
Research |
4.4 |
3.6 |
Education |
4.8 |
3.3 |
Support |
4.6 |
2.9 |
Bonuses |
3.9 |
2 |
|
|
AvaTrade vs London Capital Group (LCG): Pros and Cons
AvaTrade was founded in 2006 in Dublin, Ireland. The company has offices in 150 countries. It currently has over 200, 000 registered users and processes more than 2 million transactions every month. These factors contribute to AvaTrade being a reliable and trusted broker. They are accredited across five continents and are one of the market leaders. The broker is regulated by the Australian Securities and Investment Commission (ASIC), the Japanese FSA, and the South African FSCA. AvaTrade holds accreditation by the Central Irish Bank, the Abu Dhabi Financial Services Regulatory Authority, and the British Virgin Islands Financial Services Commission. AvaTrade allows traders to trade stocks, securities, indices, cryptocurrencies, and currency pairs. In total, the offer more than 250 tools to customers.
The LCG broker is an international intermediary that started its business in 1996. Traders who have opened an account with LCG have access to 9 groups of trading assets, including: Forex, spot metals, stocks, indices, ETFs, CFDs, stock options, bonds, interest rates, and commodities. The minimum deposit requirements make trading with LCG affordable, and the use of innovations and high-quality service make it comfortable.
| AvaTrade | London Capital Group (LCG) | |
|---|---|---|
| Overall Pros | Highly regulated broker, licenced on the territory of 5 continents | Low minimum deposit requirements |
| a wide range of trading instruments | A wide range of trading instruments | |
| Swap-free account | An information section with training and analytical materials | |
| Advanced copy trading tools | Round-the-clock support service | |
| A lot of educational content | No commission for funding the deposit and withdrawal funds | |
| Low fees | The possibility to trade from different devices such as a PC, tablet, or smartphone | |
| Optioins trading | The presence of Islamic accounts | |
| Overall Cons | customer service efficiency and response time | The company does not provide offers for passive earnings such as copying services or bonus programs |
| There is no ECN account | The broker does not serve clients from certain countries | |
| Market maker(dealing desk) type of broker | Customer support doesn’t work on weekends |
AvaTrade vs London Capital Group (LCG): Safety and Regulation
| Regulated By: | AvaTrade | London Capital Group (LCG) |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
Yes |
No |
Other Regulators |
Central Bank of Ireland (No.C53877), B.V.I Financial Services Commission, South African Financial Sector Conduct Authority (FSCA No.45984), Japan - Financial Services Agency (License No.: 1662), the Financial Futures Association of Japan (License No.: 1574), Abu Dhabi Global Markets (ADGM), Israel Securities Authority (No. 514666577) |
SCB (Securities Commission of the Bahamas) |
AvaTrade vs London Capital Group (LCG): Trading Conditions
| Trading Conditions | AvaTrade | London Capital Group (LCG) |
|---|---|---|
Minimum Deposit |
$100 |
$10 |
Trading Platforms |
MT4, MT5, AvaTradeGo, AvaOptions |
MetaTrader 4, LCG Trader |
Max Leverage (Futures) |
1-400 |
1-500 |
Supported Markets |
Currency pairs, Forex Options, CFDs on stocks, cryptocurrencies, indices, metals, commodities |
Currency pairs, indices, spot metals, stocks, commodities, CFDs, exchange traded options, ETFs, bonds and interest rates |
Trading assets |
100+ |
7000+ |
Trading Accounts |
Standard, Professional account |
Classic, ECN, demo |
Base Account Currencies |
EUR, USD |
USD, GBP, EUR, and CHF |
AvaTrade vs London Capital Group (LCG): Fees
Forex Trading Fees
| Fee | AvaTrade | London Capital Group (LCG) |
|---|---|---|
Standard Account EURUSD Average Spread |
0.9 pips |
1 pip |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$0 |
ECN Account EUR Average Spread |
Not supported |
0.4 pips |
CFD Trading Fees
| Fee | AvaTrade | London Capital Group (LCG) |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | AvaTrade | London Capital Group (LCG) |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
Credit card 2%, Debit Card 0%, other methods are comission-free |
Withdrawal Fee |
No |
No |
Inactivity Fee |
$50 per quarter after 3 months of inactivity |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
AvaTrade vs London Capital Group (LCG): Trading Assets
| Asset Name | AvaTrade | London Capital Group (LCG) |
|---|---|---|
Overall |
1000+ |
7000+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
Yes (CFDs) |
Bonds |
Yes (CFD) |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
AvaTrade or London Capital Group (LCG): Investment Programs
| Asset Name | AvaTrade | London Capital Group (LCG) |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
Yes |
No |
Other |
Bonds |
No |
Trading Platforms: London Capital Group (LCG) or AvaTrade
| AvaTrade | London Capital Group (LCG) | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
AvaTradeGo, AvaOptions |
LCG Trader |
Others |
No |
No |
|
|
AvaTrade vs London Capital Group (LCG): Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | AvaTrade | London Capital Group (LCG) |
|---|---|---|
Bank Transfer |
Yes |
No |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes (not for Australian and EU clients) |
Yes |
Crypto |
No |
No |
AvaTrade vs London Capital Group (LCG): Research
| Research Type | AvaTrade | London Capital Group (LCG) |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
AvaTrade vs London Capital Group (LCG): Education
| Education Type | AvaTrade | London Capital Group (LCG) |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
London Capital Group (LCG) vs AvaTrade: Support
| Support Features | AvaTrade | London Capital Group (LCG) |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
No |
Other |
No |
No |
AvaTrade vs London Capital Group (LCG): Forex Bonuses and Promo
| Promo | AvaTrade | London Capital Group (LCG) |
|---|---|---|
Forex Bonus |
The broker offers its customers a one-time bonus upon first deposit (not for all markets) |
No |
Affiliate Program |
A trader can receive up to 400 US dollars for inviting friends. |
The broker’s clients can earn additional income by referring new users to LCG. The company provides program participants with personal referral links and marketing materials, and you can track the activity of invited users from your personal account. The maximum payout is 800 USD. |
Other Promos |
||
|
|
Top 5 Reviews on London Capital Group (LCG)
-
Comment
I've been thoroughly impressed with my experience using the LPGInvestments.com website. Not only have I found it user-friendly, but it has also delivered excellent results. With multiple successful withdrawals under my belt, I can attest to its reliability. Watching my investments thrive has been incredibly rewarding. Recently, I diversified my portfolio by adding Mineral Resources mining, and it's been an exciting journey to monitor its performance alongside my other assets. I confidently recommend LPG Investments to anyone seeking a platform for diverse and promising investment opportunities. I eagerly anticipate further growth in my portfolio as I continue to utilize this platform.
-
Comment
Despite the negative reviews, I work normally with LCG Group. Any situation can happen. For example, recently there was slippage when a stop loss was triggered by 10 pips. It’s not very pleasant, of course, but it doesn’t affect my trading much. I traded with another broker before and it wasn’t not very successful. Slippages were 35-50 pips there. This is already serious. Orders on the LCG Group platform are processed quickly, there are practically no requotes.
-
Comment
I had $4,000 in my London Capital Group account. Two weeks ago, I received a notification that access to my user account was blocked due to suspicions of money laundering, citing one of their policies. I asked to close open positions, but my request was ignored. Now I fear that there is almost nothing left of my deposit. Be careful when considering opening an account with London Capital Group.
-
Comment
LCG disappointed me as soon as I registered here. Actual conditions do not correspond to those promised on the website. When I asked support about that, they told me that the broker can change the conditions at its discretion, and their answer wasn’t polite. I think this is not normal. Therefore, I left the company.
-
Comment
Several times my stop loss did not work on the LCG platform. I wrote to support, but they didn’t solve anything. I definitely set the stop loss, but it is not in the history. Either LCG manipulates such situations, or there are bugs on the broker’s platform. I never trade without a stop loss; I always limit my risks.
Top 5 Reviews on AvaTrade
-
Comment
I decided to test the waters with AvaTrade by using their demo account, and I must say, the experience was quite good. It helped me get familiar with the platform and how trading works. Now, I'm considering transitioning to a real account. However, my final verdict hinges on how smooth the deposit and withdrawal processes are. If these aspects meet my expectations, AvaTrade will definitely earn a 5-star rating from me. Otherwise, it might drop to 3 or 4 stars. Nonetheless, I appreciate the overall experience and commend the team for their efforts.
-
Comment
Been using AvaTrade for a few weeks now, and I'm happy with the support they offer. They have a couple different ways to get help, which is convenient. There's an AI-powered chatbot that can answer basic questions, and you can also contact them via WhatsApp. That's pretty cool for quick inquiries. If you have a more complex issue, you can email their customer support team. They got back to me pretty quickly with a helpful answer when I had a question about withdrawal options. However, it would be even better if you could connect directly with a customer service rep through the chatbot. Right now, it just directs you to email if your question is complex. A live chat option would be nice too, for those times when you need help right away. Overall, AvaTrade's customer support is good, with multiple ways to get help. Just wish there was a more direct way to connect with a rep through the chatbot.
-
Comment
I mostly use AvaTrade for long-term stock investing, not day trading. Their fees seem reasonable for that, and they have a good selection of stocks to choose from. Can't speak for the other features like CFDs or options, but for basic stock investing, AvaTrade seems like a decent option. AvaTrade's mobile app is handy for checking on trades on the go, but it could be smoother. Sometimes it takes a while to load charts and info, which can be frustrating. Also, placing trades on the app feels a bit clunky compared to the desktop platform. Would be nice if they updated the app to be more user-friendly.
-
Comment
While trading with AvaTrade, there was one incident. I opened a trade on the USD/CAD currency pair. The trading was going smoothly, and there were no important news releases. Suddenly, there was a sharp market movement that hit my stop-loss. The movement was 29 pips. Later, everything returned to normal, but I incurred a loss. Over the course of a month, I pursued the review of my claim and the cancellation of the losing trade. The company canceled the losing trade, acknowledging such movement as outside of the market. Overall, with AvaTrade, you can fight for and defend your rights.
-
Comment
I requested a withdrawal from Avatrade at the end of the day and received my funds the next afternoon without delay or difficulty. I was pleasantly surprised by the speed of the transaction, especially considering that some companies delay payments for several months. Moreover, I make good profits from my trades on the Avatrade platform, which works flawlessly.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.