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LCG vs HYCM

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

LCG vs HYCM Comparison Table 2024
LCG	HYCM

2.8	3.8
LCG is ranked #91 among CFD brokers.	HYCM is ranked #72 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.	HYCM is an online broker with authorization from four international bodies including the FCA and CySEC. The broker offers short-term CFD trading on forex, shares, commodities, indices, ETFs and Bitcoin, and supports the MT4 and MT5 platforms, as well as Trading Central analysis.
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	The low $20 minimum deposit is suitable for beginners, as well as the Fixed spread account with no commissions The broker is overseen by trusted regulators, including the FCA MT4 and MT5 integration ensures that active traders can access a vast selection of technical charting tools There's a good range of free analytical tools, particularly Seasonax for pattern analysis Spreads are competitive in the Raw account, starting from 0.1 pips for EUR/USD Traders can access fee-free payments with rapid processing
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	Not the best overall range of assets, with just 200+ stocks Market coverage varies quite significantly between account types and platforms There's a high commission of $4 each way on the Raw account
Awards
	Best Forex Broker 2021-2022 - Spain, Middle East, Asia, Germany Best Trading Platform App 2021 - Forex Expo Best Mobile Trading App 2020 - World of Finance Forex Award
FCA Regulated
Yes	Yes
Instruments
CFDs, Forex, Stocks, Futures	CFDs, Forex, Stocks, Indices, Commodities, ETFs
Demo Account
Yes	Yes
Minimum Deposit
$0	$20
Payment Methods
	Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
Lots vary by asset	0.01 Lots
Regulator
FCA	FCA, DFSA, CIMA, CySEC
Mobile Apps
	iOS & Android
iOS App Rating
	3
Android App Rating
	3.6
Margin Trading
No	Yes
Margin Rate
	Variable upon regulation and jurisdiction
MetaTrader 4
Yes	Yes
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	Yes
STP Account
No	No
ECN Account
No	Yes
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	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
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
	$10
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP RUB AED
Commodities
	Gold Silver Coffee Oil Cotton Copper Palladium Platinum Sugar
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.	HYCM traders can access CFDs on a range of stocks, indices, commodities and ETFs with floating spreads and maximum leverage varying by instrument. Clients also have a choice between two industry-leading platforms.
Leverage
1:30	1:301:500
FTSE Spread
1 pt	1.5
GBPUSD Spread<
0.5 pips	0.1
Oil Spread
3 pips (Variable)	2.0
Stocks Spread
0.3% Var	2.2%
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.	HYCM offers 40+ forex pairs, with most available to trade on either the MT4 or MT5 platform. The maximum leverage on offer is 1:30 in accordance with regulations, and tight spreads start from 0.2 on the Raw account and from 1.2 on the commission-free Classic account.
Assets
60+	40+
GBPUSD Spread
0.5 pips	0.4
EURUSD Spread
0.3 pips	0.1
EURGBP Spread
0.4 pips	0.4

LCG	HYCM
Review	Review
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