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 eToro 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. eToro's score is 3.50 stars versus LCG's 3.00 stars.
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 eToro and LCG are regulated in a major hub. LCG is a publicly traded company while eToro is not. How many currency pairs are available to trade? eToro trails LCG by 35 total currency pairs (for example, EUR/USD), with LCG offering 82 and eToro offering 47.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. LCG has Meta Trader, eToro doesn't. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. eToro trails LCG by 17 total charting tools, with LCG offering 31 and eToro offering 14. eToro offers its clients access to 66 different indicators (for example, volume) while LCG has 51 available indicators, a difference of 15.
Overall, both eToro and LCG hold a 4.00 star rating. And, when it comes to individual category awards, eToro was rated Best in Class - Customer Service in 2018, while LCG was rated none of these.