Finmax
London Capital Group (LCG)
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Overview
Finmax was founded in 2008 and is headquartered in Bulgaria, while London Capital Group (LCG) was established in 1996 and is based in UK. Finmax holds licences including Financial Services Authority (FSA), while London Capital Group (LCG) is regulated by Financial Conduct Authority (FCA: 182110) among others. Finmax serves 10,000+ clients worldwide; London Capital Group (LCG) has 10,000+. The minimum deposit is $0 at Finmax and $100 at London Capital Group (LCG).
| Feature | Finmax | London Capital Group (LCG) |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Regulation | Financial Services Authority (FSA) | Financial Conduct Authority (FCA: 182110) |
| Founded | 2008 | 1996 |
| Country | Bulgaria | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Finmax and London Capital Group (LCG), directly affecting your bottom line as a trader. Finmax has a lower barrier to entry with a minimum deposit of $0 (vs $100 at London Capital Group (LCG)). Neither broker charges withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, Finmax scores higher on fees in our assessment.
| Feature | Finmax | London Capital Group (LCG) |
|---|---|---|
| Min. Deposit | $0 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Finmax offers MT4, MT5, cTrader, while London Capital Group (LCG) supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. London Capital Group (LCG) supports social and copy trading features, which Finmax does not offer. The two brokers are closely matched on platform offering.
| Feature | Finmax | London Capital Group (LCG) |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,MT5 | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Finmax and London Capital Group (LCG) compare. London Capital Group (LCG) runs regular live webinars; Finmax does not. London Capital Group (LCG) has a video library; Finmax does not. London Capital Group (LCG) publishes daily market commentary; Finmax does not. London Capital Group (LCG) integrates third-party research tools (Trading Central, Autochartist); Finmax does not. London Capital Group (LCG) maintains an archive of past webinars for on-demand viewing. London Capital Group (LCG) scores higher overall in education and research.
| Feature | Finmax | London Capital Group (LCG) |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Finmax accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while London Capital Group (LCG) supports 4 (bank transfer, credit/debit card, Skrill, Neteller). London Capital Group (LCG) uniquely supports Skrill and Neteller among the two brokers. London Capital Group (LCG) scores higher on deposit and withdrawal flexibility.
| Feature | Finmax | London Capital Group (LCG) |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Finmax and London Capital Group (LCG) offer live chat support. Both provide phone support. Email support is available at both brokers. Finmax supports 2 languages and London Capital Group (LCG) supports 18, giving London Capital Group (LCG) broader global reach. Both brokers are comparable on support quality.
| Feature | Finmax | London Capital Group (LCG) |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Russian, Malaysian, Korean, Swedish, German, French, Indonesian, Turkish, Norwegian, Chinese, Italian, Arabic, Portuguese, Spanish, Polish, Thai, and Vietnamese. |