LCG vs Trade Nation

LCG or Trade Nation – which is better for UK traders 2024? Compare LCG and Trade Nation in this detailed breakdown of their platforms, features and fees.

LCG vs Trade Nation Comparison Table 2024

LCG	Trade Nation
2.8	4.4
LCG is ranked #97 among CFD brokers.	Trade Nation is ranked #18 among CFD brokers.
Review	Review
London Capital Group was established in 1996 and is regulated by the FCA and CySEC. Today the firm is a popular CFD and spread betting provider, with $20+ trillion in executed trading volume, 24/5 customer support, and a number of industry awards.	Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas.
	67.3% of retail investor accounts lose money when trading CFDs with this provider.
Pros
Heavily regulated by the FCA in the UK and CySEC in the EU Trading Central partnership with pattern recognition technology In-house trading software plus access to MetaTrader 4 Excellent suite of instruments with 7000+ assets Swap-free Islamic account available Demo account provided	A choice of trading platforms and apps, including MT4, make the brand a good fit for savvy traders Trade Nation is a multi-regulated and respected broker that previously operated as Core Spreads Full range of investments via leveraged CFDs for long and short opportunities The trading firm offers tight spreads and a transparent pricing schedule Multiple account currencies are accepted for global traders There is a low minimum deposit for beginners
Cons
Nearly twice as high commissions on MT4 ($10.00 per $100.000), compared to LCG Trader ($45.00 per $1.000.000) Spreads are not the most competitive averaging 1.5 pips on the EUR/GBP A high $10,000 minimum deposit is needed for the ECN account	Fewer legal protections with offshore entity
FCA Regulated
Yes	Yes
Instruments
CFDs, Forex, Stocks, Futures	Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only)
Demo Account
Yes	Yes
Minimum Deposit
$0	$0
Payment Methods
	Credit Cards Debit Card Mastercard PayPal Skrill Visa Wire Transfer
Minimum Trade
Lots vary by asset	0.1 Lots
Regulator
FCA	FCA, ASIC, FSCA, SCB, FSA
Mobile Apps
	iOS & Android
iOS App Rating
	4.1
Android App Rating
Margin Trading
No	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	Yes
ECN Account
No	No
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	Trade Nation Seychelles offers signals and copy trading. These are attractive options for beginners and those looking to a hands-off approach to online trading. You can leverage the expertise of seasoned traders to speculate on popular financial markets, including forex, stocks and commodities.
Social Trading
No	No
Trade Signals
	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP AUD ZAR SEK NOK DKK
Commodities
	Gold Silver Aluminium Copper Zinc Oil
CFD
Trade thousands of CFDs on reliable trading software. Leverage up to 1:30 is available in line with regulatory restrictions. Beginners can also utilize the firm's training videos.	Trade leveraged CFDs on over 1000 assets with low-cost spreads. You can also take advantage of the broker's integrated signals to help you determine when to enter and exit positions.
Leverage
1:30	1:500 (entity dependent)
FTSE Spread
1 pt	From 0.4
GBPUSD Spread<
0.5 pips	From 0.6
Oil Spread
3 pips (Variable)	From 3.0
Stocks Spread
0.3% Var	Variable
Forex
LCG offers 60+ major, minor and exotic currency pairs on MT4 or LCG Trader. Leverage is available up to 1:30 with average spreads of 1.5 pips on key currency pairs.	Trade Nation offers over 30 of the most popular forex pairs with variable spreads. Traders can access a slick proprietary platform or MetaTrader 4, with real-time forex market updates and insights via 'Smart News'.
Assets
60+	33
GBPUSD Spread
0.5 pips	Variable
EURUSD Spread
0.3 pips	Variable
EURGBP Spread
0.4 pips	Variable
Cryptocurrency
	Cryptocurrencies are available through the broker's Bahamas entity. Traders can access thousands of indicators to tailor their crypto trading strategies and there are no hidden charges.
Spread
	Fixed
Coins
	BTC ETH LTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
LCG	Trade Nation
Review	Review
	67.3% of retail investor accounts lose money when trading CFDs with this provider.
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