Tickmill vs London Capital Group (LCG) - Fees Review included
Which broker is better Tickmill or London Capital Group (LCG)? Our expert assessment conducted according to TU’s own methodology showed that Tickmill is one of the top brokers in the financial market with the TU Overall Score of 8.37 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 | Tickmill | London Capital Group (LCG) |
---|---|---|
Overall |
4.6 |
2.9 |
4.9 |
4.3 |
|
4.9 |
4 |
|
4.1 |
3.1 |
|
Investment Instruments |
3.9 |
1 |
Platforms and Charting Tools |
4.2 |
2.9 |
Deposit and Withdrawal |
4.5 |
2.5 |
Research |
4.2 |
3.6 |
Education |
4.0 |
3.3 |
Support |
4.5 |
2.9 |
Bonuses |
4.6 |
2 |
|
Tickmill vs London Capital Group (LCG): Pros and Cons
Tickmill brokerage introduces a new standard in the provision of brokerage services. The focus on innovation is what the company is proud of and why traders choose it. The trading conditions of the broker are appreciated by fans of scalping and passive trading with the help of robots because Tickmill provides minimal spreads. The company has earned many awards. Thus, for two years in a row (2018 and 2019), it was awarded the “Best Execution Broker” title, and it also won the “Most Transparent Broker” title in 2019.
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.
Tickmill | London Capital Group (LCG) | |
---|---|---|
Overall Pros | Well-Regulated broker | Low minimum deposit requirements |
Ultra low ECN trading fees | A wide range of trading instruments | |
Any strategy is allowed | An information section with training and analytical materials | |
no-deposit bonus $30 (only for international entety) | Round-the-clock support service | |
Free deposit and withdrawal | No commission for funding the deposit and withdrawal funds | |
ECN trading account | The possibility to trade from different devices such as a PC, tablet, or smartphone | |
Limited choice of trading assets | The presence of Islamic accounts | |
Overall Cons | The company does not provide offers for passive earnings such as copying services or bonus programs | |
The broker does not serve clients from certain countries | ||
Customer support doesn’t work on weekends |
Tickmill vs London Capital Group (LCG): Safety and Regulation
Regulated By: | Tickmill | London Capital Group (LCG) |
---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
Yes |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
FSCA (Seychelles), Malaysia |
SCB (Securities Commission of the Bahamas) |
Tickmill vs London Capital Group (LCG): Trading Conditions
Trading Conditions | Tickmill | London Capital Group (LCG) |
---|---|---|
Minimum Deposit |
$100 |
$10 |
Trading Platforms |
MT4, MT5 |
MetaTrader 4, LCG Trader |
Max Leverage (Futures) |
1-500 |
1-500 |
Supported Markets |
Forex, CFDs on indices, commodities, crypto, metals, stocks, bonds |
Currency pairs, indices, spot metals, stocks, commodities, CFDs, exchange traded options, ETFs, bonds and interest rates |
Trading assets |
200+ |
7000+ |
Trading Accounts |
Classic, Pro, VIP, Demo |
Classic, ECN, demo |
Base Account Currencies |
USD, EUR, GBP |
USD, GBP, EUR, and CHF |
Tickmill vs London Capital Group (LCG): Fees
Forex Trading Fees
Fee | Tickmill | London Capital Group (LCG) |
---|---|---|
Standard Account EURUSD Average Spread |
1.6 pips |
1 pip |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$2 per lot |
$0 |
ECN Account EUR Average Spread |
0.1 pip |
0.4 pips |
CFD Trading Fees
Fee | Tickmill | London Capital Group (LCG) |
---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
Fee | Tickmill | 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 |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Tickmill vs London Capital Group (LCG): Trading Assets
Asset Name | Tickmill | London Capital Group (LCG) |
---|---|---|
Overall |
200+ |
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 |
No |
No |
Binary Options |
No |
No |
Tickmill or London Capital Group (LCG): Investment Programs
Asset Name | Tickmill | London Capital Group (LCG) |
---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: London Capital Group (LCG) or Tickmill
Tickmill | London Capital Group (LCG) | |
---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
LCG Trader |
Others |
No |
No |
|
Tickmill vs London Capital Group (LCG): Deposit and Withdrawal Methods
Deposit and Withdrawal Method | Tickmill | London Capital Group (LCG) |
---|---|---|
Bank Transfer |
Yes |
No |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
Tickmill vs London Capital Group (LCG): Research
Research Type | Tickmill | London Capital Group (LCG) |
---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
Yes |
No |
Tickmill vs London Capital Group (LCG): Education
Education Type | Tickmill | 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 Tickmill: Support
Support Features | Tickmill | London Capital Group (LCG) |
---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
No |
Other |
No |
No |
Tickmill vs London Capital Group (LCG): Forex Bonuses and Promo
Promo | Tickmill | London Capital Group (LCG) |
---|---|---|
Forex Bonus |
$30 welcome bonus |
No |
Affiliate Program |
Yes |
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 |
Trading contests |
|
|
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 Tickmill
-
Comment
I trade independently and believe that Tickmill is honest. From time to time I attend webinars that provide quite good analytics, which are more aimed at novice traders. Once I had a problem with an order, but the broker decided in my favor and canceled the trade. Withdrawing money is fast, I use a bank card for this. I can recommend Tickmill.
-
Comment
Recently I received affiliate payments from tickmill. I am very glad, since it is a good percentage of my passive income. But I recommend Tickmill because it respects traders. The platform is quite functional, spreads are narrow, and fees on the ECN account are small. There are no problems with withdrawals; I have never been deceived.
-
Comment
I have been using the brokerage services of Tickmill for over two years. It's a serious broker with transparent conditions. I am currently trading on a classic account, but I plan to switch to the Pro account because Tickmill offers zero spreads on that account, which is very beneficial for active trading. I withdraw profits to my bank account, and the funds are received within three days.
-
Comment
Tickmill is an excellent broker. I recommend it to everyone who trades or starts trading. I started trading with Tickmill several years ago. I didn’t find any problems with the system connection of the platform. This broker withdraws money without any problems.
-
Comment
I would like to share my experience with Tickmill, which turned out to be a good choice. Positive aspects include high leverage, which can be useful for experienced traders. Accounts are open incredibly quickly within only 3 minutes. I liked that information on the Tickmill website is available in different languages, which makes it easy to interact with. All this made my work in the market easy and comfortable. I actively trade major currency pairs and spreads on them fully meet my requirements.
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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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!