Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

AFX Capital
8.1 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT AFX CAPITAL
London Capital Group
9.8 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT LONDON CAPITAL GROUP
XTB
10 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT XTB
About

AFX Capital is regulated by the Financial Conduct Authority and CySEC. AFX Capital have provided Forex, CFD trading services since 2010.

London Capital Group is regulated by the Financial Conduct Authority. London Capital Group have provided Forex trading services since 1996.

XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002.

Why choose them?
  • Yes Over 8 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CySEC
  • Yes Over 22 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CIMA, and CySEC
  • Yes Over 16 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, KNF, and CMB.
Headquarters 33 Sun Street, 2nd floor, London, UK, EC2M 2PY London, UK Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) No Yes Yes
CFD No Yes Yes
Spread Betting No Yes No
Social Trading No No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 66 48
Commodities Offered 10 21
Stocks Offered 1606
Bitcoin No No Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks No No Yes
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals Yes Yes Yes
FTSE Yes Yes Yes
Dow Jones No Yes Yes
Dax No Yes Yes
Nikkei No Yes Yes
ETFs No Yes Yes
IPO No No Yes
See all instruments

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

See all instruments

79% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

77% of retail investor accounts lose money when trading CFDs with this provider.

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 Yes Yes Yes
MT5 No No No
MT4 Mac No No Yes
WebTrader Yes Yes Yes
Mirror Trader No No Yes
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM Yes No No
Custom Platforms AFX Fast LCG Trader Xstation5

APPS

iOS image No Yes Yes
Android image No Yes Yes
Windows image Yes No Yes
Available Languages

English, Polish, Italian, Polish, and Chinese

English, Russian, Malaysian, Korean, Swedish, German, French, Indonesian, Turkish, Norwegian, Chinese, Italian, Arabic, Portuguese, Spanish, Polish, Thai, and Vietnamese

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

See platform & features

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

See platform & features

79% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

77% of retail investor accounts lose money when trading CFDs with this provider.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by AFX Capital and London Capital Group

Demo account Yes Yes Yes
Mini account No Yes Yes
Micro account No No Yes
Standard account Yes Yes Yes
ECN Account Yes Yes No
Islamic account Yes Yes Yes
Zero spread account No Yes No
VIP account Yes Yes Yes
Fixed spreads Yes No Yes
Variable spreads Yes Yes Yes
See account options

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

See account options

79% of retail investor accounts lose money when trading CFDs with this provider

See account options

77% of retail investor accounts lose money when trading CFDs with this provider.

TRADING CONDITIONS

Scalping Yes Yes Yes
Hedging Yes Yes Yes
Expert advisors (EAs) No Yes Yes
Virtual private server Yes No No
Direct market access Yes No Yes
STP broker Yes Yes Yes
Market maker Yes Yes Yes
Min trade 0.01 Lot £0.50 0.01 Lot
Max trade $5,000 None 100 Lot
Min deposit $20 $0 $1

RISK MANAGEMENT

Stop losses No Yes Yes
Limit orders Yes Yes Yes
One-click trading Yes Yes Yes
Trailing stops No Yes Yes
Price alerts No Yes Yes
Signal trading No No Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal No No Yes
Neteller Yes Yes Yes
Skrill Yes Yes Yes
Payment processing time 1 business day Varies Same day if requested before 1PM
Withdrawal processing time 1-5 business days Varies Same day if requested before 1PM
See all funding options

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

See all funding options

79% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

77% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

Excluded countries US, CA, NZ, JP, BE US, CA, NZ, JP, BE US,IN,PK,BD,IQ,IR,IL,AF,AU,CA
Contact email Send Email Send Email Send Email
Phone number +44 207 710 0000 (UK), +357 25262710 (CY) 44 (0) 207 456 7020 44 2036953085
Live Chat No Yes Yes
Website http://www.stofs.co.uk/ www.LCG.com www.xtb.com
Spreads:
EUR/USD (Average: 0.7 pips) Not offered 0.75 pips + $1.00 0.1 pips
GBP/USD (Average: 1.1 pips) Not offered 1.2 pips + $1.00 0.1 pips
USD/JPY (Average: 1.1 pips) Not offered 0.85 pips + $1.00 0.1 pips
AUD/USD (Average: 0.8 pips) Not offered 0.8 pips + $1.00 0.2 pips
USD/CHF (Average: 2.3 pips) Not offered 1.9 pips + $1.00 0.2 pips
USD/CAD (Average: 2.9 pips) Not offered 1.2 pips + $1.00 0.3 pips
NZD/USD (Average: 3.6 pips) Not offered 1.8 pips + $1.00 0.3 pips
EUR/GBP (Average: 2.4 pips) Not offered 1.1 pips + $1.00 0.1 pips
View all spreads

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

View all spreads

79% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

77% of retail investor accounts lose money when trading CFDs with this provider.

FEES

Inactivity Fee Yes No No
Commission $5/Lot per side Yes (0.1% - 0.25%) Yes
Deposit Fee No No No
Withdrawal Fee No No No
View All Fees

68.77% of retail investor accounts lose money when trading CFDs with AFX Markets Ltd

View All Fees

79% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

77% of retail investor accounts lose money when trading CFDs with this provider.

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Last update

All information collected from http://www.stofs.co.uk/. Last updated on 01/12/2019.

All information collected from www.LCG.com. Last updated on 01/12/2019.

All information collected from www.xtb.com. Last updated on 01/12/2019.

Company

AFX Capital is an online forex trading service provider who are regulated by the Financial Conduct Authority, CySEC. To open an account with AFX Capital, minimum deposits start from $20.

With AFX Capital you can trade Forex, indices, commodities, equities, and bonds.

AFX Capital offer MetaTrader 4, AFX Fast platforms to make your trades and support 5 different languages.

The spreads offered by AFX Capital for the most popular instruments are:
1.8 EUR/USD, 1 FTSE 100, 38 GOLD,
2.1 GBP/USD, 3 DOW/JONES, 4 Crude Oil,
see all the spreads here.

London Capital Group is an online forex trading service provider who are regulated by the Financial Conduct Authority. To open an account with London Capital Group, minimum deposits start from No minimum, except for $10,000 for ECN and premium accounts respectively.

With London Capital Group you can trade Forex, indices, shares, commodities, bonds and interest rates. If you like to trade on the go, London Capital Group have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

London Capital Group offer LCG Trader, MT4 platforms to make your trades and support 1 different languages.

The spreads offered by London Capital Group for the most popular instruments are:
0.95 EUR/USD, 1.0 FTSE 100, 0.4 GOLD,
1.8 GBP/USD, variable DOW/JONES, 4.0 Crude Oil,
see all the spreads here.

For more information about trading with London Capital Group, we have put together an indepth London Capital Group review with all the pros and cons about this broker.

XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances.

XTB operates with two factors in mind; to provide traders with the fastest execution speeds and to be the most transparent broker on the market, which is reflected by the services and products they provide.

XTB also have a dedicated education area - the Trading Academy - which contains material to help you become a better trader, including video tutorials, trading courses, articles and much more to improve your skills at every step of your trading journey.

If you are looking for a broker that is regulated by the Financial Conduct Authority and focuses on transparency, fast execution speeds and customer service, XTB is a great option.

For more information about trading with XTB, we have put together an in-depth XTB review covering the pros and cons of this broker.

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Popular comparisons feat. London Capital Group

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AFX Capital or London Capital Group?

Offers fixed spreads or well established?

If you’re a trader looking for a broker that offers fixed spreads as a trading strategy, AFX Capital may be the better option. However, if you want a broker that has been established for a long time, London Capital Group may be a more appropriate option.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider AFX Capital and London Capital Group to be equally reliable. We’ve broken down why below:

Who are they regulated by?

AFX Capital is regulated by Financial Conduct Authority, CySEC, while London Capital Group is regulated by Financial Conduct Authority, CIMA, CYSEC.

As the Financial Conduct Authority are one of the most stringent regulators in the world, both AFX Capital and London Capital Group will have very strict guidelines to follow to ensure they protect their retail trader clients.

XTB are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

AFX Capital has been around for 9 years, while London Capital Group have been around for 23 years. Our third alternative broker, XTB, have been around for 17 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both AFX Capital and London Capital Group use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on AFX Capital or London Capital Group in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

AFX Capital is a privately owned company, while on the other hand London Capital Group is still a publicly listed company.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

AFX Capital are based in 33 Sun Street, 2nd floor, London, UK, EC2M 2PY, while London Capital Group are based in London, UK .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both AFX Capital and London Capital Group offer forex trading. London Capital Group have a slightly larger variety of currency pairs with 66 pairs, compared to offered by AFX Capital. Also, if you’re looking to trade cryptocurrencies,

If you’re looking to trade commodities like gold, silver or oil, AFX Capital may be a better fit as London Capital Group does not offer commodity trading.

Platforms & Account Types

If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both AFX Capital and London Capital Group offer this. Our alternative broker, XTB, also offers MT4 and MT5.

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. London Capital Group, for example, offer a mini account, standard account and VIP account.

For Muslim traders, AFX Capital offers an Islamic account, which doesn’t accrue interest or incur/receive rollover swap points, as this is prohibited in Shariah law. You can learn more & compare Islamic trading accounts head-to-head here.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

AFX Capital does allow scalping and hedging. While London Capital Group also allows scalping and hedging. You can't trade with EAs (expert advisors) on AFX Capital but you can trade EAs (expert advisors) with London Capital Group.

In terms of risk management tools, AFX Capital doesn't offer negative balance protection, but London Capital Group does. Negative balance protection prevents you owing your broker more than you’ve deposited.

AFX Capital accept Neteller while London Capital Group accept Neteller.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, AFX Capital charges points, while London Capital Group charges 0.30 points. Therefore, AFX Capital is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: AFX Capital or London Capital Group?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, London Capital Group is more reliable based on our criteria above. London Capital Group has a wider range of instruments to trade. London Capital Group offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.