London Capital Group (LCG)
merrill edge
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Overview
London Capital Group (LCG) was founded in 1996 and is headquartered in UK, while merrill edge was established in 2010 and is based in USA. London Capital Group (LCG) holds licences including Financial Conduct Authority (FCA: 182110), while merrill edge is regulated by Financial Conduct Authority (FCA) among others. London Capital Group (LCG) serves 10,000+ clients worldwide; merrill edge has 10,000+. The minimum deposit is $100 at London Capital Group (LCG) and $250 at merrill edge.
| Feature | London Capital Group (LCG) | merrill edge |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Financial Conduct Authority (FCA: 182110) | 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-F277 |
| Founded | 1996 | 2010 |
| Country | UK | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between London Capital Group (LCG) and merrill edge, 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 merrill edge). Neither broker charges withdrawal fees. London Capital Group (LCG) applies inactivity fees on dormant accounts; merrill edge does not. Overall, London Capital Group (LCG) scores higher on fees in our assessment.
| Feature | London Capital Group (LCG) | merrill edge |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
London Capital Group (LCG) offers MT4, MT5, cTrader, while merrill edge supports 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. London Capital Group (LCG) edges ahead on platform breadth and functionality in our scoring.
| Feature | London Capital Group (LCG) | merrill edge |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how London Capital Group (LCG) and merrill edge compare. London Capital Group (LCG) runs regular live webinars; merrill edge does not. Both provide video tutorials. London Capital Group (LCG) publishes daily market commentary; merrill edge does not. Both integrate third-party research tools. 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 | London Capital Group (LCG) | merrill edge |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. London Capital Group (LCG) accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while merrill edge supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). merrill edge uniquely supports PayPal among the two brokers. merrill edge scores higher on deposit and withdrawal flexibility.
| Feature | London Capital Group (LCG) | merrill edge |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| 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 London Capital Group (LCG) and merrill edge offer live chat support. Both provide phone support. Email support is available at both brokers. London Capital Group (LCG) supports 18 languages and merrill edge supports 8, giving London Capital Group (LCG) broader global reach. Both brokers are comparable on support quality.
| Feature | London Capital Group (LCG) | merrill edge |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Russian, Malaysian, Korean, Swedish, German, French, Indonesian, Turkish, Norwegian, Chinese, Italian, Arabic, Portuguese, Spanish, Polish, Thai, and Vietnamese. | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |