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 XTB.
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. XTB's score is 4.00 stars versus 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. LCG alongside XTB are regulated in a major hub. LCG and XTB are publicly traded companies. How many currency pairs are available to trade? XTB trails LCG by 33 total currency pairs (for example, EUR/USD), with LCG offering 82 and XTB offering 49.
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 and XTB both 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 and XTB offer the same number of charting tools, 31. Both LCG and XTB provide clients with access to 51 total indicators (eg, moving averages).
Overall, both LCG and XTB hold a 4.00 star rating. And, when it comes to individual category awards, XTB was rated Best in Class - Customer Service in 2018, while LCG was rated none of these.