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LCG vs Trading 212 2019

Is LCG better than Trading 212? After grading the best forex brokers on nearly 100 different variables, LCG is better than Trading 212. While losing its publicly-traded status doesn’t help LCG’s credibility, LCG does offer excellent customer service and competitive pricing, specifically with its LCGTrader (cTrader) ECN account offering ($10,000 min deposit).
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature LCG Trading 212
Overall 4 3.5
LCG Review Trading 212 Review
79% of retail CFD accounts lose money

Regulation

Feature LCG Trading 212
Trust Score 81 69
Year Founded
1996 2004
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 1
Tier-2 Licenses
1 0
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature LCG Trading 212
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature LCG Trading 212
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
61 165
CFDs - Total Offered
4759 1671
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3.5 3.5
Winner check_circle

Cost

Feature LCG Trading 212
Average Spread EUR/USD - Standard
1.45 (as of Oct 19) N/A
All-in Cost EUR/USD - Active
0.65 (as of Oct 19) N/A
Active Trader or VIP Discounts
Yes No
Commissions & Fees 3 3.5
Winner check_circle

Funding

Feature LCG Trading 212
Minimum Initial Deposit
$0.00 £10
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature LCG Trading 212
Proprietary Platform
No Yes
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes No
MetaTrader 5 (MT5)
No No
cTrader
Yes No

Trading Tools

Feature LCG Trading 212
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
7 5
Charting - Indicators / Studies (Total)
51 41
Charting - Drawing Tools (Total)
31 20
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes No
Order Type - Trailing Stop
Yes Yes
Platform & Tools 3.5 3.5
Winner check_circle

Mobile Trading

Feature LCG Trading 212
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
30 55
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
No Yes
Mobile Trading 3.5 3.5
Winner check_circle

Research

Feature LCG Trading 212
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes No
Weekly Webinars
Yes No
AutoChartist
No No
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 3.5 2
Winner check_circle

Education

Feature LCG Trading 212
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes No
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes Yes
Education 3 2
Winner check_circle

Major Forex Pairs

Feature LCG Trading 212
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature LCG Trading 212
LCG Review Trading 212 Review
Overall 4 3.5
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare LCG vs Trading 212.

To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Trading 212 received a rating of 3.50 stars over LCG's 3.00 stars.

Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. LCG alongside Trading 212 are regulated in a major hub. Neither LCG and Trading 212 are publicly traded companies. How many currency pairs are available to trade? Trading 212 boasts an offering of 170 different currency pairs compared to LCG's 61 available pairs.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. LCG offers Meta Trader while Trading 212 does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Trading 212 trails LCG by 11 total charting tools, with LCG offering 31 and Trading 212 offering 20. Trading 212 trails LCG by 10 total different indicators (for example, moving averages), with LCG offering 51 and Trading 212 offering 41.

LCG Review
Trading 212 Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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