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 FXDD 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. FXDD is a better option with a 4.00 star rating over LCG's 3.00 star rating.
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. Both FXDD and LCG are regulated in a major hub. LCG is a publicly traded company while FXDD is not. As far as how many currency pairs are available for trading, here's the answer. LCG offers its clients access to 82 different currency pairs while FXDD has 54 available pairs, a difference of 28.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Both FXDD 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. Both FXDD and LCG provide clients with access to 31 total charting tools. Both FXDD and LCG provide clients with access to 51 total indicators (eg, moving averages).
Overall, both FXDD and LCG are rated 4.00 stars. And, when it comes to individual category awards, both FXDD and LCG found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018.