To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare Admiral Markets vs LCG.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Admiral Markets is a better option with a 3.50 star rating over LCG's 3.00 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Admiral Markets and LCG both are regulated in a major hub. LCG is a publicly traded company while Admiral Markets is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. LCG offers its clients access to 82 different currency pairs while Admiral Markets has 55 available pairs, a difference of 27.
To round out our comparison of Admiral Markets vs LCG, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Admiral Markets and LCG both offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Both Admiral Markets and LCG provide clients with access to 31 total charting tools. Both Admiral Markets and LCG provide clients with access to 51 total indicators (eg, moving averages).
Overall, both Admiral Markets and LCG hold a 4.00 star rating. And, when it comes to individual category awards, Admiral Markets posted awards Best in Class - Investor Education in 2018, while LCG found itself with none of these.