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Alpari vs LCG 2019

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Is Alpari better than LCG? After assessing forex brokers on nearly 100 different variables, LCG is better than Alpari. While a shaky status on the publicly traded markets doesn’t help LCG’s credibility, the broker does offer great customer service and competitive pricing, specifically with its LCGTrader (cTrader) ECN account offering.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature Alpari LCG
Overall 3.5 4
Alpari Review LCG Review
74-89% of retail CFD accounts lose money 79% of retail CFD accounts lose money

Regulation

Feature Alpari LCG
Trust Score 69 79
Year Founded
1998 1996
Publicly Traded (Listed)
No Yes
Bank
No No
Tier-1 Licenses
0 1
Tier-2 Licenses
0 0
Tier-3 Licenses
2 0
Authorised in the European Union
No Yes

Tier-1 Licenses

Feature Alpari LCG
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
No Yes
CFTC Registered (USA)
No No

Tier-2 Licenses

Feature Alpari LCG
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
Yes No
FSB Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
No No

Tier-3 Licenses

Feature Alpari LCG
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
Yes No
Offshore Authorised
Yes No

Investments

Feature Alpari LCG
Forex: Spot Trading
Yes Yes
Currency Pairs (Total Forex pairs)
48 82
CFDs - Total Offered
16 4759
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3 3.5
Winner check_circle

Cost

Feature Alpari LCG
Average Spread EUR/USD - Standard
0.92 1.45 (as of May 18)
All-in Cost EUR/USD - Active
0.82 0.85 (as of Oct 18)
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4 3
Winner check_circle

Funding

Feature Alpari LCG
Minimum Initial Deposit
$100.00 $0.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes Yes
UnionPay (Deposit/Withdraw)
Yes No

Trading Platforms

Feature Alpari LCG
Proprietary Platform
No No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
Yes No
cTrader
No Yes

Trading Tools

Feature Alpari LCG
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
7 7
Charting - Indicators / Studies (Total)
51 51
Charting - Drawing Tools (Total)
31 31
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 3 3.5
Winner check_circle

Mobile Trading

Feature Alpari LCG
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
No Yes
Charting - Indicators / Studies
30 30
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
No Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No
Mobile Trading 3.5 3.5
Winner check_circle

Research

Feature Alpari LCG
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
AutoChartist
Yes No
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Trading / Copy-Trading
Yes Yes
Social Sentiment - Currency Pairs
No Yes
Economic Calendar
Yes Yes
Research 3.5 3.5
Winner check_circle

Education

Feature Alpari LCG
Has Education - Forex
Yes No
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
No No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
No No
Investor Dictionary (Glossary)
Yes Yes
Tutorials/Guide (PDF or Interactive)
Yes No
Education 3 3
Winner check_circle

Major Forex Pairs

Feature Alpari LCG
GBPUSD (or USDGBP)
Yes Yes
USDJPY (or JPYUSD)
Yes Yes
EURUSD (or USDEUR)
Yes Yes
USDCHF (or CHFUSD)
Yes Yes
USDCAD (or CADUSD)
Yes Yes
NZDUSD (or USDNZD)
Yes Yes
AUDUSD (or USDAUD)
Yes Yes
USDCNH (or CNHUSD)
Yes Yes
USDSGD (or SGDUSD)
No Yes

Overall

Feature Alpari LCG
Alpari Review LCG Review
Overall 3.5 4
Winner check_circle
After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare Alpari vs LCG.

To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Alpari's score is 4.00 stars versus LCG's 3.00 stars.

Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. LCG is regulated in a major hub while Alpari is not. LCG is a publicly traded company while Alpari is not. As far as how many currency pairs are available for trading, here's the answer. LCG boasts an offering of 82 different currency pairs compared to Alpari's 48 available pairs.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Both Alpari and LCG offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Alpari and LCG offer the same number of charting tools, 31. Both brokers offer clients access to the same number of indicators (eg, moving averages), 51.

Alpari Review
LCG Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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