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LCG vs WorldWideMarkets 2019

Is LCG better than WorldWideMarkets? After grading the best forex brokers on nearly 100 different variables, LCG is better than WorldWideMarkets. While losing its publicly-traded status doesn’t help LCG’s credibility, LCG does offer excellent customer service and competitive pricing, specifically with its LCGTrader (cTrader) ECN account offering ($10,000 min deposit).
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 WorldWideMarkets
Overall 4 2.5
LCG Review WorldWideMarkets Review
79% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature LCG WorldWideMarkets
Trust Score 81 47
Year Founded
1996 2011
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 0
Tier-2 Licenses
1 0
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature LCG WorldWideMarkets
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 WorldWideMarkets
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
61 20
CFDs - Total Offered
4759 15
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3.5 2.5
Winner check_circle

Cost

Feature LCG WorldWideMarkets
Average Spread EUR/USD - Standard
1.45 (as of Oct 19) 3
All-in Cost EUR/USD - Active
0.65 (as of Oct 19) N/A
Active Trader or VIP Discounts
Yes No
Commissions & Fees 3 3
Winner check_circle

Funding

Feature LCG WorldWideMarkets
Minimum Initial Deposit
$0.00 $20.00
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 WorldWideMarkets
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 No
cTrader
Yes No

Trading Tools

Feature LCG WorldWideMarkets
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes No
Watchlists - Total Fields
7 n/a
Charting - Indicators / Studies (Total)
51 78
Charting - Drawing Tools (Total)
31 37
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes No
Order Type - Trailing Stop
Yes Yes
Platform & Tools 3.5 2.5
Winner check_circle

Mobile Trading

Feature LCG WorldWideMarkets
Android App
Yes No
Apple iOS App
Yes No
Trading - Forex
Yes No
Trading - CFDs
Yes No
Alerts - Basic Fields
Yes No
Watch List
Yes No
Watch List Syncing
Yes No
Charting - Indicators / Studies
30 30
Charting - Draw Trend Lines
Yes No
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes No
Charting - Drawings Autosave
No No
Forex Calendar
No No
Mobile Trading 3.5 3
Winner check_circle

Research

Feature LCG WorldWideMarkets
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes No
AutoChartist
No No
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 3.5 2
Winner check_circle

Education

Feature LCG WorldWideMarkets
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes No
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes Yes
Education 3 2
Winner check_circle

Major Forex Pairs

Feature LCG WorldWideMarkets
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 WorldWideMarkets
LCG Review WorldWideMarkets Review
Overall 4 2.5
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare LCG vs WorldWideMarkets.

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. Both LCG and WorldWideMarkets are rated 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. LCG and WorldWideMarkets both are regulated in a major hub. LCG nor WorldWideMarkets are publicly traded companies. How many currency pairs are available to trade? LCG boasts an offering of 61 different currency pairs compared to WorldWideMarkets's 20 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 alongside WorldWideMarkets offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. LCG trails WorldWideMarkets by 6 total charting tools, with WorldWideMarkets offering 37 and LCG offering 31. WorldWideMarkets offers its clients access to 78 different indicators (for example, volume) while LCG has 51 available indicators, a difference of 27.

LCG Review
WorldWideMarkets 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.

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