Interactive Brokers
London Capital Group (LCG)
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Overview
Interactive Brokers was founded in 1977 and is headquartered in United States, while London Capital Group (LCG) was established in 1996 and is based in UK. Interactive Brokers holds licences including the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, while London Capital Group (LCG) is regulated by Financial Conduct Authority (FCA: 182110) among others. Interactive Brokers serves 1,000,000+ clients worldwide; London Capital Group (LCG) has 10,000+. The minimum deposit is $1 at Interactive Brokers and $100 at London Capital Group (LCG).
| Feature | Interactive Brokers | London Capital Group (LCG) |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Regulation | the US Securities and Exchange Commission and the Commodity Futures Trading Commission. Australian Securities and Investments Commission (AFSL: 453554) and is a participant of ASX, ASX 24 and Chi-X Australia. Is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and Member - Canadian Investor Protection Fund. Is authorised and regulated by the Financial Conduct Authority. FCA register entry number 208159. Is regulated by the Commission de Surveillance du Secteur Financier (CSSF). Is regulated by the Central Bank of Ireland (CBI, reference number C423427). Is licensed and regulated by the Central Bank of Hungary (Magyar Nemzeti Bank) under no. H-EN-III-623/2020. Is regulated by the Hong Kong Securities and Futures Commission. Is a member of NSE, BSE, SEBI. Regn. No. SEBI Registration No. INZ000217730; NSDL: IN-DP-NSDL-301-2008. CIN-U67120MH2007FTC170004. Is regulated by Kanto Local Finance Bureau (Registration No.187). Is licensed and regulated by the Monetary Authority of Singapore (Licence No. CMS100917). | Financial Conduct Authority (FCA: 182110) |
| Founded | 1977 | 1996 |
| Country | United States | UK |
| Clients | 1,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Interactive Brokers and London Capital Group (LCG), directly affecting your bottom line as a trader. Interactive Brokers has a lower barrier to entry with a minimum deposit of $1 (vs $100 at London Capital Group (LCG)). Interactive Brokers charges withdrawal fees while London Capital Group (LCG) does not, a notable advantage for frequent withdrawers. London Capital Group (LCG) applies inactivity fees on dormant accounts; Interactive Brokers does not. Overall, Interactive Brokers scores higher on fees in our assessment.
| Feature | Interactive Brokers | London Capital Group (LCG) |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
Interactive Brokers offers MT4, MT5, cTrader, a proprietary platform, 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. Interactive Brokers edges ahead on platform breadth and functionality in our scoring.
| Feature | Interactive Brokers | 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 | Web Trader, NinjaTrader, Tablet & Mobile apps | 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 Interactive Brokers and London Capital Group (LCG) compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | Interactive Brokers | London Capital Group (LCG) |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Interactive Brokers 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 | Interactive Brokers | 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 Interactive Brokers and London Capital Group (LCG) offer live chat support. Both provide phone support. Email support is available at both brokers. Interactive Brokers 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 | Interactive Brokers | 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. |