TD Ameritrade FX vs LCG Review
Is LCG better than TD Ameritrade FX? After assessing forex brokers on nearly 100 different variables, TD Ameritrade FX is better than LCG. For US-based investors and traders, TD Ameritrade’s thinkorswim platform is a sophisticated multi-asset desktop experience optimized for securities trading, including off-exchange spot forex and exchange-traded options and futures (including Bitcoin).
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. TD Ameritrade FX 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 LCG and TD Ameritrade FX are regulated in a major hub. LCG and TD Ameritrade FX are publicly traded companies. 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 TD Ameritrade FX has 75 available pairs, a difference of 7.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. LCG makes Meta Trader available to clients, while TD Ameritrade FX does not. 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. LCG boasts an offering of 31 charting tools compared to TD Ameritrade FX's 20 available charting tools. TD Ameritrade FX boasts an offering of 403 different indicators (for example, moving averages) compared to LCG's 51 available indicators.
TD Ameritrade FX 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.