Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Admiral Markets vs LCG.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Admiral Markets is a better option with a 3.50 star rating over LCG's 3.00 star rating.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Both Admiral Markets and LCG are regulated in a major hub. LCG is a publicly traded company while Admiral Markets is not. How many currency pairs are available to trade? LCG boasts an offering of 82 different currency pairs compared to Admiral Markets's 55 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Both Admiral Markets and LCG offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Admiral Markets and LCG offer the same number of charting tools, 31. Both Admiral Markets and LCG provide clients with access to 51 total indicators (eg, moving averages).
Overall, both Admiral Markets and LCG are rated 4.00 stars. And, when it comes to individual category awards, Admiral Markets finished with awards Best in Class - Investor Education in 2018, while LCG came up with none of these.