Compare LCG Vs OvalX: Which is the Better Forex Broker in 2024?
LCG Vs OvalX, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between LCG Vs OvalX, here is the direct comparison:
Compare | LCG | OvalX |
General Rating |
1.00/5 |
1.00/5 |
Score | ||
Trustpilot |
2.1/5 95 users |
4.5/5 293 users |
πΌ Regulation | ||
β Info | ||
β Established | 1996 | 1965 |
π² Min Deposit | $10000 | $100 |
β Max Leverage | 1:200 | 1:400 |
π’ Spread | Variable | Variable |
πΈ Commissions | $2.50 | |
π‘ Min Position | 0.1 lot | 0.01 lot |
π³ Payment | Skrill, Wire transfer, Credit/debit cards, Neteller and UnionPay | Skrill, Wire transfer, Credit/debit cards, Neteller and UnionPay |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Silver | ||
Index | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | Arabic, English, Spanish, French, Italian, Polish, Russian, Turkish, Chinese | Czech, Danish, English, Italian, Slovak |
πͺ Trade Now | Open LCG | Open OvalX |
Compare Again
News
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OvalX Announces Closure, Clients Transferred to Capital.com
-
OvalX Starts Layoff Following Poor Performance
-
LCG Integrated IG's Features to its Platform Trading
-
Lawrence Jones has Signed with OvalX as Head of Digital Acquisition
-
Head of Research and Analysis Andrew Saks Leaves OvalX
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OvalX Hires Amazon Alumn Elena Giardino as Marketing PM
-
ETX Capital Unveils Rebrand as OvalX
-
Asian Forex Traders, Beware Of LCGFX Clone Scam
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See More Related LCG News
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See More Related OvalX News
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, LCG provides their pricing with Variable spread while OvalX offers Variable spread.
LCG vs OvalX: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, LCG enables trading with MetaTrader 4 (Limited with 30 days of inactivity). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, OvalX provides trading with ETX TraderPro, MetaTrader 4 with the support of Trailing stop, Pending orders.
Is LCG or OvalX better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, LCG supports trading with Forex, Gold & silver, Indexes, Spread betting, Crypto, while OvalX presents the ability of trading with Forex, Spread betting, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to LCG and OvalX:
- Compare LCG vs FxPro
- Compare LCG vs easyMarkets
- Compare LCG vs BDSwiss
- Compare OvalX vs Blaze Markets
- Compare OvalX vs Axi
- Compare OvalX vs FP Markets
For more comparisons, visit this page.