LCG vs AvaTrade Review
Is AvaTrade better than LCG? After assessing forex brokers on nearly 100 different variables, LCG is better than AvaTrade. 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.
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. AvaTrade's score is 3.50 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. AvaTrade alongside LCG are regulated in a major hub. LCG is a publicly traded company while AvaTrade is not. As far as how many currency pairs are available for trading, here's the answer. AvaTrade trails LCG by 22 total currency pairs (for example, EUR/USD), with LCG offering 82 and AvaTrade offering 60.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. AvaTrade and LCG both 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. Both AvaTrade and LCG provide clients with access to 31 total charting tools. Both brokers offer clients access to the same number of indicators (eg, moving averages), 51.
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.