After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare Forex.com (GAIN Capital) 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. Forex.com (GAIN Capital)'s score is 4.50 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. Forex.com (GAIN Capital) and LCG both are regulated in a major hub. Forex.com (GAIN Capital) and LCG are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. LCG trails Forex.com (GAIN Capital) by 2 total currency pairs (for example, EUR/USD), with Forex.com (GAIN Capital) offering 84 and LCG offering 82.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Forex.com (GAIN Capital) 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. Forex.com (GAIN Capital) and LCG offer the same number of charting tools, 31. Both Forex.com (GAIN Capital) and LCG provide clients with access to 51 total indicators (eg, moving averages).
Overall, Forex.com (GAIN Capital) takes the upper hand with 4.50 stars over LCG's 4.00 stars. And, when it comes to individual category awards, Forex.com (GAIN Capital) finished with awards Best in Class - Research and Best in Class - Investor Education in 2018, while LCG came up with none of these.