Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare LCG vs TD Ameritrade FX.
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. TD Ameritrade FX received a rating of 4.00 stars over 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. Both LCG and TD Ameritrade FX are regulated in a major hub. LCG and TD Ameritrade FX are publicly traded companies. How many currency pairs are available to trade? LCG boasts an offering of 82 different currency pairs compared to TD Ameritrade FX's 77 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. LCG offers Meta Trader while TD Ameritrade FX does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. LCG offers its clients access to 31 charting tools while TD Ameritrade FX has 20 charting tools, a difference of 11. TD Ameritrade FX offers its clients access to 377 different indicators (for example, volume) while LCG has 51 available indicators, a difference of 326.
Overall, TD Ameritrade FX takes the upper hand with 4.50 stars over LCG's 4.00 stars. And, when it comes to individual category awards, TD Ameritrade FX was rated Best in Class - Mobile Trading in 2018, while LCG was rated none of these.