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LCG vs OctaFX 2020

Is LCG better than OctaFX? After testing 30 of the best forex brokers over five months, LCG is better than OctaFX. While losing its publicly-traded status doesn’t help LCG’s credibility, LCG does offer reliable customer service. Service aside, LCG struggles to stand out when compared to industry leaders.



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 OctaFX
Overall 4 3
Commissions & Fees 3.5 3.5
Offering of Investments 4 2.5
Platforms & Tools 4 3.5
Mobile Trading 3.5 3.5
Research 3.5 3
Education 3.5 3
Trust Score 81 63
79% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money
LCG Review OctaFX Review
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Regulation

Feature LCG OctaFX
Trust Score 81 63
Year Founded
1996 2011
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 0
Tier-2 Licenses
1 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature LCG OctaFX
ASIC Authorised (Australia)
No No
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

Investments

Feature LCG OctaFX
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
61 28
CFDs - Total Offered
4759 17
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes

Cost

Feature LCG OctaFX
Average Spread EUR/USD - Standard
1.45 (as of Oct 19) 1.1 (July 2020)
All-in Cost EUR/USD - Active
0.65 (as of Oct 19) 1.0 (July 2020)
Active Trader or VIP Discounts
Yes No

Funding

Feature LCG OctaFX
Minimum Initial Deposit
$0.00 $5
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature LCG OctaFX
Proprietary Platform
No Yes
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 OctaFX
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
Default (MT4/cTrader) (Default MetaTrader/cTrader)
Charting - Indicators / Studies (Total)
Default (MT4/cTrader) (Default MetaTrader/cTrader)
Charting - Drawing Tools (Total)
Default (MT4/cTrader) (Default MetaTrader/cTrader)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature LCG OctaFX
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes No
Watch List Syncing
Yes No
Charting - Indicators / Studies
Default (MT4/cTrader) (Default MetaTrader/cTrader)
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes No
Charting - Drawings Autosave
No No
Forex Calendar
No Yes

Research

Feature LCG OctaFX
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
AutoChartist
No Yes
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes

Education

Feature LCG OctaFX
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature LCG OctaFX
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 Yes

Overall

Feature LCG OctaFX
Overall 4 3
Commissions & Fees 3.5 3.5
Offering of Investments 4 2.5
Platforms & Tools 4 3.5
Mobile Trading 3.5 3.5
Research 3.5 3
Education 3.5 3
Trust Score 81 63
LCG Review OctaFX Review
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Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare LCG vs OctaFX.

Does LCG or OctaFX offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, LCG offers better pricing overall for traders.

Is LCG or OctaFX safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. LCG holds 1 global Tier-1 licenses, while OctaFX holds 0. Both LCG and OctaFX hold 1 global Tier-2 licenses. All regulators considered, LCG has a Trust Score of 81.00, while OctaFX's Trust Score is 63.00.

Which trading platform is better: LCG or OctaFX?
To compare the trading platforms of both LCG and OctaFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, LCG offers a better experience. With research, LCG offers superior market research. Finally, we found LCG to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. LCG and OctaFX both offer copy trading. Both LCG and OctaFX offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
LCG provides traders 61 currency pairs (e.g., EUR/USD) compared to OctaFX's 28 available pairs. Forex pairs aside, LCG offers traders access to 4759 CFDs while OctaFX has 17 available CFDs, a difference of 4,742.

Overall, between LCG and OctaFX, LCG is the better forex broker.

LCG Review
OctaFX Review

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Trading CFDs, FX, and cryptocurrencies involve 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 01/20/2020 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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