London Capital Group (LCG)
Saxo Markets
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Overview
London Capital Group (LCG) was founded in 1996 and is headquartered in UK, while Saxo Markets was established in 2012 and is based in Denmark. London Capital Group (LCG) holds licences including Financial Conduct Authority (FCA: 182110), while Saxo Markets is regulated by Financial Conduct Authority (FCA) among others. London Capital Group (LCG) serves 10,000+ clients worldwide; Saxo Markets has 10,000+. The minimum deposit is $100 at London Capital Group (LCG) and $6500 at Saxo Markets.
| Feature | London Capital Group (LCG) | Saxo Markets |
|---|---|---|
| Min. Deposit | $100 | $6500 |
| Regulation | Financial Conduct Authority (FCA: 182110) | Financial Conduct Authority (FCA) |
| Founded | 1996 | 2012 |
| Country | UK | Denmark |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between London Capital Group (LCG) and Saxo Markets, 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 $6500 at Saxo Markets). Saxo Markets charges withdrawal fees while London Capital Group (LCG) does not, giving London Capital Group (LCG) an edge for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, London Capital Group (LCG) scores higher on fees in our assessment.
| Feature | London Capital Group (LCG) | Saxo Markets |
|---|---|---|
| Min. Deposit | $100 | $6500 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
London Capital Group (LCG) offers MT4, MT5, cTrader, while Saxo Markets 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 | London Capital Group (LCG) | Saxo Markets |
|---|---|---|
| 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 | Mac, Web Trader, 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 Saxo Markets compare. London Capital Group (LCG) runs regular live webinars; Saxo Markets does not. Both provide video tutorials. London Capital Group (LCG) publishes daily market commentary; Saxo Markets 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) | Saxo Markets |
|---|---|---|
| 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 Saxo Markets 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) | Saxo Markets |
|---|---|---|
| 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 Saxo Markets offer live chat support. Both provide phone support. Email support is available at both brokers. London Capital Group (LCG) supports 18 languages and Saxo Markets supports 2, giving London Capital Group (LCG) broader global reach. Both brokers are comparable on support quality.
| Feature | London Capital Group (LCG) | Saxo Markets |
|---|---|---|
| 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 |