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Financial Spreads vs LCG

Financial Spreads vs LCG Comparison Table 2024
Financial Spreads LCG
Review
Not Yet Rated
Review
2.8

Financial Spreads is a UK-regulated broker offering spread betting and CFDs.

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
Instruments
Spread betting, CFDs CFDs, Forex, Stocks, Futures
Demo Account
Yes Yes
Minimum Deposit
£250 $0
Trading Platforms
  • Own
  • MT4
Payment Methods
Minimum Trade
0.01 Lots Lots vary by asset
Regulator
FCA FCA
Margin Trading
No No
STP Account
No No
ECN Account
No No
DMA Account
No 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
Trade Signals
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
Commodities
CFD Trading
Buy and sell leveraged CFD contracts at Financial Spreads. 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 1:30
FTSE Spread
0.8 1 pt
GBPUSD Spread
0.9 0.5 pips
Oil Spread
3 3 pips (Variable)
Stocks Spread
variable 0.3% Var
Forex Trading
Financial Spreads offers forex trading with 1:30 leverage. 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
0.9 0.5 pips
EURUSD Spread
0.7 0.3 pips
EURGBP Spread
0.8 0.4 pips
Assets
30+ 60+
Cryptocurrency
Trade three leading cryptocurrency coins. Crypto trading not offered
Spread
From 1 pip
Coins
  • BTC
  • XRP
  • ETH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
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