To find the top fx brokers, the team here at ForexBrokers.com collected over 2,200 data points during a several month review of the forex industry. In this fx broker comparison, we will compare eToro 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. eToro 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. eToro and LCG both are regulated in a major hub. LCG is a publicly traded company, eToro isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. LCG boasts an offering of 82 different currency pairs compared to eToro's 47 available pairs.
To round out our comparison of eToro vs LCG, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. LCG makes Meta Trader available to clients, while eToro does not. 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. eToro trails LCG by 17 total charting tools, with LCG offering 31 and eToro offering 14. eToro boasts an offering of 67 different indicators (for example, moving averages) compared to LCG's 51 available indicators.