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 LCG vs Pepperstone.
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. Pepperstone's score is 4 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. Both LCG and Pepperstone are regulated in a major hub. LCG is a publicly traded company while Pepperstone is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Pepperstone trails LCG by 23 total currency pairs (for example, EUR/USD), with LCG offering 82 and Pepperstone offering 59.
To round out our comparison of LCG vs Pepperstone, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. LCG alongside Pepperstone 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. Both LCG and Pepperstone provide clients with access to 31 total charting tools. LCG and Pepperstone offer the same number of indicators (eg, volume), 51.
Overall, LCG takes the upper hand with 4 stars over Pepperstone's 3.5 stars. And, when it comes to individual category awards, unfortunately, neither LCG nor Pepperstone received awards 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.