To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare IG Group 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. IG Group's score is 4.5 stars versus LCG's 3 stars.
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. IG Group and LCG both are regulated in a major hub. IG Group and LCG are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. LCG trails IG Group by 9 total currency pairs (for example, EUR/USD), with IG Group offering 91 and LCG offering 82.
To round out our comparison of IG Group vs LCG, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. IG Group alongside LCG offer Meta Trader. 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. IG Group trails LCG by 14 total charting tools, with LCG offering 31 and IG Group offering 17. LCG boasts an offering of 51 different indicators (for example, moving averages) compared to IG Group's 22 available indicators.
Overall, IG Group boasts 4.5 stars versus LCG's 4 stars. And, when it comes to individual category awards, IG Group finished with awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2018, while LCG came up with none of these.