iq option
London Capital Group (LCG)
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Overview
iq option was founded in 2019 and is headquartered in United States, while London Capital Group (LCG) was established in 1996 and is based in UK. iq option holds licences including Financial Conduct Authority (FCA), while London Capital Group (LCG) is regulated by Financial Conduct Authority (FCA: 182110) among others. iq option serves 14,000,000+ clients worldwide; London Capital Group (LCG) has 10,000+. The minimum deposit is $250 at iq option and $100 at London Capital Group (LCG).
| Feature | iq option | London Capital Group (LCG) |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F262 | Financial Conduct Authority (FCA: 182110) |
| Founded | 2019 | 1996 |
| Country | United States | UK |
| Clients | 14,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between iq option 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 $250 at iq option). iq option 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; iq option does not. iq option charges deposit fees; London Capital Group (LCG) does not. Overall, London Capital Group (LCG) scores higher on fees in our assessment.
| Feature | iq option | London Capital Group (LCG) |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
iq option 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 iq option does not offer. The two brokers are closely matched on platform offering.
| Feature | iq option | 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, Mac, ZuluTrade, Web Trader, cTrader, 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 iq option and London Capital Group (LCG) compare. London Capital Group (LCG) runs regular live webinars; iq option does not. London Capital Group (LCG) has a video library; iq option does not. London Capital Group (LCG) publishes daily market commentary; iq option does not. London Capital Group (LCG) integrates third-party research tools (Trading Central, Autochartist); iq option 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 | iq option | 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. iq option accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while London Capital Group (LCG) supports 4 (bank transfer, credit/debit card, Skrill, Neteller). iq option uniquely supports PayPal among the two brokers. iq option scores higher on deposit and withdrawal flexibility.
| Feature | iq option | London Capital Group (LCG) |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both iq option and London Capital Group (LCG) offer live chat support. Both provide phone support. Email support is available at both brokers. iq option supports 8 languages and London Capital Group (LCG) supports 18, giving London Capital Group (LCG) broader global reach. Both brokers are comparable on support quality.
| Feature | iq option | London Capital Group (LCG) |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Russian, Malaysian, Korean, Swedish, German, French, Indonesian, Turkish, Norwegian, Chinese, Italian, Arabic, Portuguese, Spanish, Polish, Thai, and Vietnamese. |