If you are looking for a broker, should you choose London Capital Group or IC Markets?
When trading on financial markets, you will need to have a comprehensive understanding of London Capital Group and IC Markets, as well as how they compare. You would naturally want to know how long London Capital Group and IC Markets have been in business as well as their respective reputations. In addition, you must determine whether London Capital Group and IC Markets meet your trading requirements.
It is vital to your trading success to have a renowned and trusted broker. The explanation behind this is fairly straightforward. You must have confidence that your money is being handled responsibly. Compare and contrast London Capital Group with IC Markets.
Our side-by-side comparison makes it easy for you to determine which option is best. As with any other decision, the broker you choose should ultimately be determined by what and how you intend to trade.
Our comparison will enable you to evaluate London Capital Group and IC Markets side-by-side with regard to their efficacy, pricing, usability, and support reliability.
You are eager to begin trading, so allow us to assist you in making a better informed choice.
Our Comparebrokers.co crew has thoroughly evaluated broker accounts for several months. On London Capital Group and IC Markets, we gathered approximately 1200 data points. To simplify matters, we’ve analyzed everything for you and outlined the key issues in the sections below.
Regulation and currency availability are crucial factors to consider when selecting a broker. When selecting a broker like the London Capital Group platform or IC Markets, it is crucial that you can place your money in their hands. To conclude our comparison, let’s compare prominent trading tools and features side by side.
Detailing London Capital Group and IC Markets
The London Capital Group’s online trading platform provides access to over 100 financial instruments and over 232 accessible instruments to traders from across the globe. More than 10,000 consumers have utilized the platform provided by London Capital Group.
The Financial Conduct Authority governs London Capital Group (FCA).
IC Markets is a reputable Australian financial trading firm founded in 2007.
IC Markets serves clients worldwide and is governed by the Australian Securities and Investments Commission (ASIC), the Financial Services Authority (FSA), and the Cyprus Securities and Exchange Commission (CySEC) (CySEC). Depending on the location from which you conduct business, London Capital Group may serve you through a separate business company in order to comply with the country’s financial regulators.
IC Markets is not publicly traded and does not publish its annual report on its website. This is not very unusual for a broker, but you should verify all of this before proceeding. The most critical consideration is safety. London Capital Group is a respectable broker because it is a publicly traded corporation.
Popular and well-known financial trading platform IC Markets serves over 180,000 customers.
Comparing the advantages of London Capital Group vs IC Markets
Below is a concise synopsis of the benefits London Capital Group and IC Markets offer concurrently.
London Capital Group’s minimum deposit requirement is $100, whereas IC Markets’s is $200.
Why small deposits prior to trading are advantageous, and a comparison of London Capital Group and IC Markets
The first obvious reason is that you should only make deposits with London Capital Group or IC Markets that you can afford. If you have a smaller budget, the broker with the lowest deposit requirement will be more appealing. London Capital Group’s minimum deposit requirement is $100, whereas IC Markets’ is $200. The second reason is that, while speculating on riskier but potentially more profitable financial products, you should only employ a tiny portion of your trading capital. Don’t let a larger minimum deposit from London Capital Group or IC Markets deter you from a broker; instead, consider the entire trading capabilities of the trading platform. Typically, a high minimum deposit provides more options for financial assets and trading platform research functions.
London Capital Group permits traders to trade up to 100 financial items, whilst IC Markets’ trading platform offers around 232.
The more instruments available on the trading platforms of London Capital Group and IC Markets, the more possible financial instruments you have for your portfolio. Diverse portfolios are advantageous, and the possibilities available to a consumer will always fluctuate. You absolutely do not want to miss out on a trading chance owing to the limits of London Capital Group or IC Markets, as trading is all about seizing opportunities.
The London Capital Group trading platform has no listed equities, but IC Markets has 110.
On the London Capital Group MT4, Web Trader, Tablet & Mobile apps trading platforms, retail traders may trade the following assets: Forex, CFDs, and Spread Betting.
Alternately, IC Markets permits retail traders to trade Forex, CFDs, Spread Betting, Share dealing, and Cryptocurrencies via the MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, and Mac trading platforms.
Detailed comparison of London Capital Group and IC Markets is provided below.
Comparative disadvantages of London Capital Group vs IC Markets
Below, we contrast the disadvantages of London Capital Group with IC Markets.
There are numerous possible disadvantages with some brokers. The first is London Capital Group and IC Markets’ possible limits. In general, the more assets you can invest in, the better. The second factor is the difference in trading fees and commissions between London Capital Group and IC Markets. The greater the trading fees you incur, the greater their impact on your prospective profits. The trading research tools, educational materials, and general usefulness of London Capital Group vs IC Markets are also significant elements.
London Capital Group Vs IC Markets Financial Markets Currently Available
Variety is the spice of life, and financial markets are no exception. A diversified portfolio of investments is generally suggested. Diversifying your portfolio of investments protects your overall investments from large declines in a single prospective market. For instance, when an aircraft stock rises, other aircraft stocks typically follow suit. This is the obvious benefit of placing all your eggs in one basket.
If the contrary occurs, this might be disastrous! The greatest portfolios account for potential risk and include businesses and equities from many industries. The availability of additional tradable assets, commodities, and assets on the London Capital Group and IC Markets platforms will enable you to construct a more diversified investment portfolio.
IC Markets Vs. London Capital Group Cryptocurrency Trading
Since Bitcoin’s creation, crypto currencies have flourished, and for good cause. Using cryptocurrencies, double-digit investments have become millions. There are, of course, exceptions, but this is rarely true of any existing stock.
Bitcoin is by far the most well-known example of a cryptocurrency, but there are thousands of altcoins on the market with comparable growth potential. Similar to stock markets, if Bitcoin increases, so do altcoins.
Cryptocurrency is easily categorized as a high-risk asset. This is because cryptocurrency prices frequently fluctuate between extreme highs and lows. If cryptocurrencies represent a small portion of your portfolio or if you wish to invest a little portion of your trading budget to see what happens, this may be one of the most thrilling trades you’ve ever made, depending on market conditions. Please be aware that the availability of cryptocurrencies with London Capital Group, IC Markets, and all other brokers is subject to regulation.
Commission & Fees between London Capital Group and IC Markets
It is crucial to compare the trading and commission rates of London Capital Group and IC Markets. For the majority of the London Capital Group’s 100 financial instruments and IC Markets’ 232 available financial products, IC Markets has 232 instruments available.
The price you are given with will include the broker’s commission. For instance, suppose the value of a financial asset is 79.6. You may be required to pay $79 to enter. Therefore, you will begin trading with both London Capital Group and IC Markets at a slight loss. The more the charge, the greater the severity of this difficulty. Surprisingly, though, some financial assets incur a fee if you keep them overnight or over the weekend. This is typically the case with commodities and stocks where leverage is utilized. Before you invest, it is imperative that you confirm your costs with London Capital Group and IC Markets. It is essential that you understand precisely what you are paying.
You should select a broker that does not impose excessive withdrawal costs. This is due to the fact that it will reduce your profits. This is especially true if you have a limited budget and do not plan to commit a substantial amount. You want the withdrawal cost to be less than one percent of the amount you are withdrawing, but a flat price of roughly five dollars is preferable. Obviously, your location or place of residence will affect your possible London Capital Group and IC Markets fees. Before you invest, you should conduct research and compare the commission and fees of London Capital Group and IC Markets.
Certain brokers impose inactivity fees. As the name suggests, this occurs after a set period of inactivity on the account.
Neither London Capital Group nor IC Markets impose inactivity fees.
You should receive numerous messages alerting you to potential deadlines, allowing you to decide whether to continue using your account or close it. In most cases, the fines are negligible, so there is little cause for worry, especially when the situation can be easily avoided.
If you deposit funds with a broker such as London Capital Group or IC Markets, you may incur deposit fees. The lower the price, the better. Ideally, you would not be required to pay anything for this. If this is the case, it can be a significant issue. Constant deposits will eat away your profit, so you must consider this before signing up.
IC Markets Vs London Capital Group Trading Platforms
Today, we live in an accessible world. Therefore, your trading platform must take this into account. The ability to trade with a single click is vital and enables you to make trading decisions on the London Capital Group and IC Markets platforms at your convenience. Without this, you will be unable to take advantage of any possible situations on the financial markets.
Some brokers have their own custom trading platforms, therefore if a broker does not provide the trading software you require, their own trading platform may be superior. You must test this yourself with a demo account from London Capital Group or IC Markets.
London Capital Group mobile trading against IC Markets mobile trading
Trading via a mobile device can be really handy. Why is it so? Well, the stock market experiences market action every second; if you are not near your desktop computer, you will likely have access to your mobile device. In this manner, you will be able to take advantage of all possibilities that arise. For instance, a stock may reach an all-time low while you are absent. In this situation, you would have lost some money.
If you own an iPhone, you need an IOS Apple mobile trading application. These are thankfully widespread, and if a broker offers an application, it is nearly always accessible on an iPhone.
Similarly, if your phone requires an Android app, you should confirm that the broker offers an Android-compatible app.
If you use Microsoft Windows tablets or smartphones, you will additionally need to confirm that London Capital Group and IC Markets have suitable trading applications.
Demo Account for London Capital Group against IC Markets
A demo account is incredibly valuable for traders with no prior expertise. Thus, you incur no financial risk while trying your trading talents in a risk-free environment. We recommend signing up for a demo account with London Capital Group and IC Markets for those with little to no trading experience.
London Capital Group vs Micro Account IC Markets
A micro account enables investors to trade on the Forex market. This is ideal for risk-averse traders who are primarily interested in foreign exchange currencies. This is typically used by novices.
Neither London Capital Group nor IC Markets provide Micro accounts.
London Capital Group vs Standard Account at IC Markets
For more experienced traders, a basic account is accessible. This account permits trading in equities, commodities, cryptocurrencies, etc. To open one of these retail investor accounts, a minimum deposit of $100 is required. This is the account that the majority of individuals will attempt to open.
Both London Capital Group and IC Markets provide Standard accounts to their clients.
Account with London Capital Group against IC Markets
What exactly is a MAM account? MAM is the abbreviation for Multi-Account Manager Account. This is highly handy for professional traders who wish to place all trades from a single account. It is an advanced software application that enables a single trader to conduct block trades on all accounts operating under a master account.
IC Markets offers MAM accounts to clients, while London Capital Group does not.
London Capital Group ECN Account vs IC Markets ECN Account
The acronym ECN refers for Electronic Communications Network account. This is a pure order-matching execution account. This is a highly advanced piece of software that should only be utilized after extensive investigation. As an alternative to artificially widening the spread to generate revenue, the account provider will charge a commission fee for executing each trade.
London Capital Group does not offer ECN accounts to its clients, although IC Markets does.
London Capital Group Islamic Account vs IC Markets Islamic Account
Individuals who revere the Quran and wish to engage in the Islamic stock market are eligible for an Islamic account. This may appear quite specialized, yet it is crucial for those involved because it adheres to Islamic ethical values. These accounts are often known as swap-free accounts.
Both London Capital Group and IC Markets provide Islamic accounts to customers.
Account with London Capital Group against IC Markets
STP, or Straight Through Processing, occurs when a client’s trade orders are transmitted directly to the markets. STP brokers seek to minimize all potential conflicts of interest. STP is a non-dealing desk trading system geared at Forex traders in particular.
London Capital Group does not offer STP accounts to its clients, although IC Markets does.
IC Markets Managed Account vs London Capital Group Managed Account
A managed account is an investment owned by an individual investor. However, the financial decisions are made by someone else. In the last decade or two, they have exploded in popularity, and with good reason. The amount of capital required to invest in such accounts is typically greater due to the fee charged by the financial advisor. There are, however, brokers who offer managed account versions for as little as $200.
Withdrawal and Funding Methods for London Capital Group vs. IC Markets
London Capital Group and IC Markets offer several alternatives for deposits and withdrawals. Funding and withdrawing from your London Capital Group and IC Markets account to the payment method of your choice should be simple. Let us examine how London Capital Group and IC Markets compare. Consider that, depending on the payment method you choose, your payment provider or bank may charge you additional costs for processing and exchanging your funds. Not every possible fee will originate from London Capital Group or IC Markets.
Comparing London Capital Group with IC Markets Customer Service
Customer service is vital in business. Even seasoned traders will eventually require the assistance of London Capital Group or IC Markets. This is especially true for novice traders who begin with limited expertise. If you are just starting off, you will want to ensure that the London Capital Group and IC Markets support teams are always accessible. Customer service at London Capital Group and IC Markets is more than just valuable. It is vital to your success in trading!
Live Chat Between London Capital Group and IC Markets
Live chat is essential for multiple reasons. This is due to the fact that it is comforting to know that a problem may be resolved immediately when it arises. Also, speaking with a person in person is significantly less frustrating than communicating over multiple emails.
London Capital Group offers live chat service, although IC Markets does not.
Live chat support is offered by both London Capital Group and IC Markets.
London Capital Group Email Support Vs IC Markets
Email assistance is also very helpful when trading CFDs, stocks, commodities, currencies, cryptocurrencies, and other financial instruments with London Capital Group or IC Markets. Occasionally, you may have a query that requires a specific member of the London Capital Group or IC Markets support staff to provide an adequate response. Email support with London Capital Group and IC Markets will be required during this time.
London Capital Group and IC Markets each provide email support.
London Capital Group Phone Support Vs IC Markets
Although the majority of inquiries may be answered over the phone, it is always a pleasure to speak with a real person at either London Capital Group or IC Markets. This can save us a considerable amount of time and frustration.
London Capital Group offers telephone assistance. In contrast, IC Markets does not offer telephone support.
London Capital Group vs IC Markets Licensing and Regulation
Never trade on a market that lacks adequate regulation. This should go without saying when entering your credit card information or making a financial transaction on any website. You must have absolute assurance that your money is in safe hands. It is not difficult to determine whether London Capital Group and IC Markets are well regulated. If you cannot see that London Capital Group or IC Markets are regulated on their website, you should continue with extreme caution.
Risk Management Features of London Capital Group and IC Markets
When trading with London Capital Group or IC Markets, you should familiarize yourself with and make full use of the risk management features on their respective trading platforms.
Below, we contrast the trading risk management options provided by London Capital Group and IC Markets.
London Capital Group In Contrast To IC Markets Hedging
What is a hedge? Have you ever heard the phrase “hedging one’s bets”? This essentially indicates that you should not speculate exclusively on the outcome of a single event, as it could be unwise to hold all of your assets in one location. In finance, to hedge is to be able to trade in such a way as to protect yourself against enormous risk. This can be accomplished, for instance, by betting for a stock to climb and betting against a stock’s rise using differing leverage amounts.
Both London Capital Group and IC Markets offer hedging services to clients.
Stop Loss for London Capital Group against IC Markets
Stop loss orders are incredibly valuable for assets that are more volatile. Particularly when investing in stocks or Forex currency pairs. In a regular trade, you cannot lose more than your initial investment, but this is not the case when utilizing leverage. Under these conditions, it is usually advisable to set a stop loss in order to protect yourself from adverse outcomes.
Both London Capital Group and IC Markets offer stop losses to their clients.
Limit Orders of London Capital Group vs IC Markets
Every broker should permit its customers to make limit orders. When you have an order in place to purchase a financial instrument at a specified price, this is the case. When the asset reaches a predetermined price, your trade will be performed. This is highly handy because it allows you to purchase a stock at a lower price! It would take a great deal of time to wait for a stock’s price to decline to a point where you would be satisfied. Consequently, you can already picture how limit orders might assist you in your trading career.
Both London Capital Group and IC Markets offer limit orders to their clients.
London Capital Group Negative Balance Protection against IC Markets Negative Balance Protection
Negative balance protection exists to safeguard its clients. Trading may be a turbulent business, and not all investors are aware of the full repercussions of their trades. Customers must be safeguarded accordingly.
Negative balance protection operates as follows: Suppose you invest $50, but your trade has the potential to lose $125 due to leverage. To execute this transaction, you must have $125 in your account. This is wonderful, as receiving an unexpected bill from a broker would be quite unfortunate.
London Capital Group vs IC Markets:
We hope this London Capital Group vs. IC Markets comparison has aided you in deciding which of these two brokers to trade with.
First and foremost, before attempting to trade, you must ensure that your money is in secure hands. Please keep this in mind when registering with London Capital Group or IC Markets.
Also, prior to registering with online brokers such as London Capital Group or IC Markets, ensure that you understand what you’re doing. We acknowledge that this is simple advice, but we know from experience that many people begin trading before asking questions. To express it in the simplest terms possible, before to investing money in something, please carefully consider your actions.
Be wary of the inherent hazards of trading. Financial markets can be turbulent, and investments can both increase and decrease. Utilize all London Capital Group and IC Markets educational resources and financial research tools to educate yourself. Sign up for a demo account with London Capital Group and IC Markets if you are new to trading to determine which platform best suits your trading style.
Some of you may be wondering what we mean by the term “trading style.” Here are few instances. A day trader will attempt to open and close positions on the same day. This requires a broker with expertise in this area. This might be a terrible idea with some brokers because of the commission and costs involved. Check whether the fees charged by London Capital Group and IC Markets meet your trading needs.
Alternately, if your investment approach is more long-term, you could be on the opposite end of this spectrum and elect to wait years before selling your shares.
London Capital Group and International Capital Markets Alternatives
If London Capital Group and IC Markets are not quite what you are looking for, we have provided a list of some of the top alternatives to London Capital Group and IC Markets.
Frequently Asked Questions Concerning London Capital Group vs. IC Markets
Below are answers to some of the most frequently asked questions regarding London Capital Group and IC Markets.
How Good is London Capital Group?
Before signing up with a broker, the first thing you should do is verify the legitimacy of the broker. Is London Capital Group a legitimate organization? – Financial Conduct Authority (FCA) regulates London Capital Group, which has been in business since 1996.
Is IC Markets beneficial?
Since 2007, IC Markets has been regulated by the Australian Securities and Investments Commission (ASIC), the Financial Services Authority (FSA), and the Cyprus Securities and Exchange Commission (CySEC).
Which investment firm is superior: London Capital Group or IC Markets?
London Capital Group has a low rating, while IC Markets has a low rating as well.
Does London Capital Group constitute fraud?
Since 1996, London Capital Group has been regulated by the Financial Conduct Authority (FCA). As they are regulated by various financial agencies, London Capital Group is without a doubt not a scam.
Is IC Markets fraudulent?
Since 2007, IC Markets has been regulated by the Australian Securities and Investments Commission (ASIC), the Financial Services Authority (FSA), and the Cyprus Securities and Exchange Commission (CySEC). As they are regulated by major financial regulators, IC Markets is without a doubt not a scam.
What will occur if London Capital Group or IC Markets fail?
As part of their regulatory requirements, London Capital Group and IC Markets are required to provide a specific level of financial protection to its customers. The legislation requires that London Capital Group and IC Markets keep client funds distinct from their own funds. If London Capital Group or IC Markets fail, they should not be able to access your funds. Customers’ accounts must be divided. Check the websites of London Capital Group, IC Markets, and authorities for information on compensation schemes for financial services in your country.
Are London Capital Group and IC Markets suitable for novice traders?
London Capital Group and IC Markets offer low minimum deposits and a variety of market information and news services. IC Markets and London Capital Group both offer demo accounts. This is a huge positive for London Capital Group and IC Markets, as it demonstrates that they care about their clients.
