London Capital Group (LCG)
OANDA
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
London Capital Group (LCG) was founded in 1996 and is headquartered in UK, while OANDA was established in 1996 and is based in United States, Canada. London Capital Group (LCG) holds licences including Financial Conduct Authority (FCA: 182110), while OANDA is regulated by Financial Conduct Authority (FCA) among others. London Capital Group (LCG) serves 10,000+ clients worldwide; OANDA has 10,000+. The minimum deposit is $100 at London Capital Group (LCG) and $1 at OANDA.
| Feature | London Capital Group (LCG) | OANDA |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Financial Conduct Authority (FCA: 182110) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Founded | 1996 | 1996 |
| Country | UK | United States, Canada |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between London Capital Group (LCG) and OANDA, directly affecting your bottom line as a trader. OANDA has a lower barrier to entry with a minimum deposit of $1 (vs $100 at London Capital Group (LCG)). Neither broker charges withdrawal fees. London Capital Group (LCG) applies inactivity fees on dormant accounts; OANDA does not. Overall, OANDA scores higher on fees in our assessment.
| Feature | London Capital Group (LCG) | OANDA |
|---|---|---|
| Min. Deposit | $100 | $1 |
| 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 OANDA 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 OANDA does not offer. The two brokers are closely matched on platform offering.
| Feature | London Capital Group (LCG) | OANDA |
|---|---|---|
| MT4 | Yes | Yes |
| 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, OANDA Desktop, OANDA Web, OANDA Mobile |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how London Capital Group (LCG) and OANDA 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. London Capital Group (LCG) scores higher overall in education and research.
| Feature | London Capital Group (LCG) | OANDA |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
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 OANDA supports 2 (bank transfer, credit/debit card). 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 | London Capital Group (LCG) | OANDA |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
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 OANDA offer live chat support. Both provide phone support. Email support is available at both brokers. London Capital Group (LCG) supports 18 languages and OANDA supports 2, giving London Capital Group (LCG) broader global reach. Both brokers are comparable on support quality.
| Feature | London Capital Group (LCG) | OANDA |
|---|---|---|
| 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, and Chinese |