Forex Financial Services
London Capital Group (LCG)
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Overview
Forex Financial Services was founded in 2008 and is headquartered in Australia, while London Capital Group (LCG) was established in 1996 and is based in UK. Forex Financial Services holds licences including Australian Securities and investment Commission (ASIC), while London Capital Group (LCG) is regulated by Financial Conduct Authority (FCA: 182110) among others. Forex Financial Services serves 10,000+ clients worldwide; London Capital Group (LCG) has 10,000+. The minimum deposit is $2500 at Forex Financial Services and $100 at London Capital Group (LCG).
| Feature | Forex Financial Services | London Capital Group (LCG) |
|---|---|---|
| Min. Deposit | $2500 | $100 |
| Regulation | Australian Securities and investment Commission (ASIC) | Financial Conduct Authority (FCA: 182110) |
| Founded | 2008 | 1996 |
| Country | Australia | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Forex Financial Services and London Capital Group (LCG), directly affecting your bottom line as a trader. London Capital Group (LCG) has a lower barrier to entry with a minimum deposit of $100 (vs $2500 at Forex Financial Services). Neither broker charges withdrawal fees. London Capital Group (LCG) applies inactivity fees on dormant accounts; Forex Financial Services does not. Forex Financial Services charges deposit fees; London Capital Group (LCG) does not. Overall, London Capital Group (LCG) scores higher on fees in our assessment.
| Feature | Forex Financial Services | London Capital Group (LCG) |
|---|---|---|
| Min. Deposit | $2500 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
Forex Financial Services offers MT4, MT5, cTrader, while London Capital Group (LCG) supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Forex Financial Services | 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 | 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 Forex Financial Services and London Capital Group (LCG) compare. London Capital Group (LCG) runs regular live webinars; Forex Financial Services does not. London Capital Group (LCG) has a video library; Forex Financial Services does not. London Capital Group (LCG) publishes daily market commentary; Forex Financial Services does not. London Capital Group (LCG) integrates third-party research tools (Trading Central, Autochartist); Forex Financial Services 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 | Forex Financial Services | 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. Forex Financial Services 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 | Forex Financial Services | 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 Forex Financial Services and London Capital Group (LCG) offer live chat support. Both provide phone support. Email support is available at both brokers. Forex Financial Services 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 | Forex Financial Services | 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. |