Our Verdict
LCG has a higher rating of 3.8/5 compared to Orbex (3.7/5). LCG offers 7 instrument types, while Orbex offers 6. The minimum deposit is lower at LCG with 0 £. LCG has been in the market since 1996, making it the more experienced provider. On spreads, LCG offers EUR/USD from 0.8 pip (typical), no commissions — spread only, while Orbex offers EUR/USD from 1.5 pip (Standard), 0.1 pip (Ultra/ECN) + $7.00 per lot round turn.
Comparison Table
| Criteria | LCG | Orbex |
|---|---|---|
| Rating | 3.8/5 (520 reviews)✓ | 3.7/5 (440 reviews) |
| Regulation | FCA/CySEC | CySEC |
| Fees | from 0.8 pips Forex (Classic), from 0.0 pips + commission (ECN) | from 0.0 pips (Raw account) + $5 commission per lot |
| Min. Deposit | 0 £ | 200 $ |
| Instruments | Forex, CFDs, Indices, Commodities, Stocks CFDs, Bonds, ETFs CFDs | Forex, CFDs, Indices, Commodities, Stocks CFDs, Crypto CFDs |
| Platforms | MT4, LCG Trader | MT4, Orbex App |
| Options Trading | No | No |
| Spread (typical) | EUR/USD from 0.8 pip (typical), no commissions — spread only | EUR/USD from 1.5 pip (Standard), 0.1 pip (Ultra/ECN) + $7.00 per lot round turn |
| Inactivity Fee | $15/month after 3 months of inactivity | None |
| Founded | 1996 | 2011 |
| Headquarters | London | Limassol |
Detailed Comparison
Fee Comparison
LCG: from 0.8 pips Forex (Classic), from 0.0 pips + commission (ECN). Minimum deposit: 0 £. Spread: EUR/USD from 0.8 pip (typical), no commissions — spread only. Inactivity fee: $15/month after 3 months of inactivity.
Orbex: from 0.0 pips (Raw account) + $5 commission per lot. Minimum deposit: 200 $. Spread: EUR/USD from 1.5 pip (Standard), 0.1 pip (Ultra/ECN) + $7.00 per lot round turn.
Product Range
LCG (7 categories)
Orbex (6 categories)
Trading Platforms
LCG
- MT4
- LCG Trader
Orbex
- MT4
- Orbex App
Regulation & Security
LCG is regulated by FCA/CySEC (HQ: London).
Orbex is regulated by CySEC (HQ: Limassol).
Who Is It For?
LCG
FCA-regulated CFD broker with over 7,000 tradable instruments
✓ FCA and CySEC-regulated with long history since 1996
✓ Over 7,000 tradable instruments
✓ No minimum deposit required
✗ Spreads on Classic account wider than competitors
✗ No MT5 available
Orbex
CySEC-regulated Forex and CFD broker with focus on education and analysis
✓ CySEC-regulated with EU deposit protection
✓ Extensive educational resources and daily analyses
✓ ECN execution on Raw account
✗ Minimum deposit of $200
✗ Only MT4 available, no MT5 or cTrader
Frequently Asked Questions
Is LCG or Orbex cheaper?
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LCG vs Orbex: Which broker is better overall?
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Orbex
CySEC-regulated Forex and CFD broker with focus on education and analysis
Open Account →From 200 $ min. deposit