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LCG vs IC Markets 2019

ForexBrokers.com

Is IC Markets better than LCG? After grading forex brokers on nearly 100 different variables, LCG is better than IC Markets. Traders seeking a UK-regulated multi-asset broker will find that LCG offers nearly 5,000 instruments on its 3rd-party trading platforms including MT4 and LCGTrader by cTrader. Competitive pricing on its commission-based account offering round-out the LCG offering.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature LCG IC Markets
Overall 4 4
LCG Review IC Markets Review
79% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature LCG IC Markets
Trust Score 79 72
Year Founded
1996 2007
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
1 1
Tier-2 Licenses
0 0
Tier-3 Licenses
0 0
Authorised in the European Union
Yes No

Tier-1 Licenses

Feature LCG IC Markets
ASIC Authorised (Australia)
No Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes No
CFTC Registered (USA)
No No

Tier-2 Licenses

Feature LCG IC Markets
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSB Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
No No

Tier-3 Licenses

Feature LCG IC Markets
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No
Offshore Authorised
No No

Investments

Feature LCG IC Markets
Forex: Spot Trading
Yes Yes
Currency Pairs (Total Forex pairs)
82 63
CFDs - Total Offered
4759 41
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3.5 3
Winner check_circle

Cost

Feature LCG IC Markets
Average Spread EUR/USD - Standard
1.45 (as of May 18) 1.1 (as of May 18)
All-in Cost EUR/USD - Active
0.85 (as of Oct 18) 0.7 (as of May 18)
Active Trader or VIP Discounts
Yes No
Commissions & Fees 3 4
Winner check_circle

Funding

Feature LCG IC Markets
Minimum Initial Deposit
$0.00 $200
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature LCG IC Markets
Proprietary Platform
No No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
Yes Yes

Trading Tools

Feature LCG IC Markets
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
7 7
Charting - Indicators / Studies (Total)
51 51
Charting - Drawing Tools (Total)
31 31
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 3.5 4
Winner check_circle

Mobile Trading

Feature LCG IC Markets
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
30 30
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No
Mobile Trading 3.5 3.5
Winner check_circle

Research

Feature LCG IC Markets
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes No
Weekly Webinars
Yes No
AutoChartist
No No
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Trading / Copy-Trading
Yes Yes
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 3.5 2
Winner check_circle

Education

Feature LCG IC Markets
Has Education - Forex
No Yes
Has Education - CFDs
No No
Client Webinars
Yes No
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
No No
Investor Dictionary (Glossary)
Yes Yes
Tutorials/Guide (PDF or Interactive)
No No
Education 3 4
Winner check_circle

Major Forex Pairs

Feature LCG IC Markets
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes No
USDCNH (or CNHUSD)
Yes Yes
USDSGD (or SGDUSD)
Yes Yes

Overall

Feature LCG IC Markets
LCG Review IC Markets Review
Overall 4 4
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare IC Markets 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. IC Markets's score is 4.00 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. IC Markets alongside LCG are regulated in a major hub. LCG is a publicly traded company, while IC Markets is not. How many currency pairs are available to trade? LCG offers its clients access to 82 different currency pairs while IC Markets has 63 available pairs, a difference of 19.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. IC Markets and LCG both offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both IC Markets 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.

IC Markets Review
LCG Review


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.

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