LCG vs Oval X

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

LCG vs Oval X Comparison Table 2024
LCG Oval X
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2.8
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1.8
LCG is ranked #91 among CFD brokers. Oval X is ranked #91 among CFD brokers.
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.
Oval X has closed or no longer accepts UK clients.
Oval X are a London based, FCA regulated broker offering tight spreads across a wide range of markets. They offer professional client services for eligible pro clients, and free guaranteed stops on the TraderPro platform. Trade the most popular 250 share CFDs with zero commission.
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
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
FCA Regulated
Yes Yes
Instruments
CFDs, Forex, Stocks, Futures CFDs, Forex, Stocks, Cryptos
Demo Account
Yes Yes
Minimum Deposit
$0 £250
Payment Methods
Minimum Trade
Lots vary by asset £1
Regulator
FCA FCA, CySec
Mobile Apps
iOS and Android
iOS App Rating
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Android App Rating
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Margin Trading
No No
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 No
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 No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
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
Islamic Account
No No
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.
Leverage
1:30 1:30
FTSE Spread
1 pt 1 pt
GBPUSD Spread<
0.5 pips 0.9
Oil Spread
3 pips (Variable) 0.06 pips
Stocks Spread
0.3% Var From 0.5%
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.
Assets
60+ 65+
GBPUSD Spread
0.5 pips 0.9
EURUSD Spread
0.3 pips 0.6
EURGBP Spread
0.4 pips 0.9
Cryptocurrency
Trade 5 Cryptocurrencies, and BTC against USD, GBP or EUR. Margin is tiered from 50%
Spread
BTC Market Spread + 10, ETH Market spread + 8
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
LCG Oval X
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