CommSec vs LCG

CommSec vs LCG Comparison Table 2024
CommSec LCG
Not Yet Rated
2.8
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

CommSec is a top Australian retail broker offering a suite of trading tools & products.

London Capital Group was established in 1996 and is regulated by the FCA and CySEC. Today the firm is a popular CFD and spread betting provider, with $20+ trillion in executed trading volume, 24/5 customer support, and a number of industry awards.

Comment by Reviewer
"LCG will appeal to traders looking for wide market coverage with 7000+ instruments spanning 9 asset classes. The around-the-clock customer support will also appeal to new traders."
Pros
  • Heavily regulated by the FCA in the UK and CySEC in the EU
  • Trading Central partnership with pattern recognition technology
  • In-house trading software plus access to MetaTrader 4
  • Excellent suite of instruments with 7000+ assets
  • Swap-free Islamic account available
  • Demo account provided
Cons
  • Nearly twice as high commissions on MT4 ($10.00 per $100.000), compared to LCG Trader ($45.00 per $1.000.000)
  • Spreads are not the most competitive averaging 1.5 pips on the EUR/GBP
  • A high $10,000 minimum deposit is needed for the ECN account
Awards
  • Innovation Excellence 2020 - Canstar
Instruments
Shares, Options, ETFs, Warrants, Fixed Income Securities CFDs, Forex, Stocks, Futures
Demo Account
No Yes
Minimum Deposit
$500 $0
Trading Platforms
  • Own
  • MT4
Payment Methods
Minimum Trade
0.01 Lots Lots vary by asset
Regulator
ASIC FCA
Margin Trading
No No
STP Account
No No
ECN Account
No No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
Yes
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
Stock Exchanges
CFD Trading
CFD trading not offered Trade thousands of CFDs on reliable trading software. Leverage up to 1:30 is available in line with regulatory restrictions. Beginners can also utilize the firm's training videos.
Leverage
1:30
FTSE Spread
1 pt
GBPUSD Spread
0.5 pips
Oil Spread
3 pips (Variable)
Stocks Spread
0.3% Var
Forex Trading
Forex trading not offered LCG offers 60+ major, minor and exotic currency pairs on MT4 or LCG Trader. Leverage is available up to 1:30 with average spreads of 1.5 pips on key currency pairs.
GBPUSD Spread
0.5 pips
EURUSD Spread
0.3 pips
EURGBP Spread
0.4 pips
Assets
60+
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