Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs Libertex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pepperstone, founded in 2010, is the stronger choice on regulation and trust when compared with Libertex, which has been around since 1997. Neither broker is publicly traded or operates as a bank, but Pepperstone holds 3 Tier-1 licenses and 2 Tier-2 licenses, while Libertex has 1 Tier-1 license and 1 Tier-2 license.
That difference is reflected in their Trust Scores from ForexBrokers.com: Pepperstone scores 94 out of 99, which puts it in the highly trusted range, while Libertex scores 79 out of 99, which falls into the average risk category. For traders focused on regulatory oversight and overall trust, Pepperstone has the clearer edge.
| Feature |
Pepperstone
|
Libertex
|
|---|---|---|
| Year Founded | 2010 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
Pepperstone and Libertex both offer competitive pricing, but they suit different kinds of traders. Pepperstone earns 5 stars and ranks #5 out of 36 for commissions and fees, helped by its Razor account and Active Trader discounts. On Razor, EUR/USD pricing was listed at 0.10 pips plus a commission-equivalent of 0.70 pips, for an all-in cost of about 0.80 pips as of July 2024. Pepperstone’s Standard account is commission-free, but its average EUR/USD spread of 1.1 pips makes it more expensive than Razor. High-volume traders can also get spread rebates through Pepperstone’s Active Trader program, with deeper discounts available at higher monthly volumes.
Libertex is also fairly low-cost, but it is a bit less competitive overall than Pepperstone. It has a 4-star rating and ranks #21 out of 36 for commissions and fees. Its recent published EUR/USD spread was 0.3 pips, though this figure is based on a single recent trading day rather than a long-term monthly average. Forex trading on Libertex uses a spread-plus-commission model, charging €5 per side on the proprietary platform and €6 per side on MT4 and MT5, making its own platform the cheaper choice for active traders.
For extra costs, Libertex charges a €10 inactivity fee only after six months without trading or funding activity, and international wire transfers are free. It also offers deposit-based fee cuts for larger accounts, while Pepperstone focuses more on volume-based rebates. In simple terms, Pepperstone is usually the better pick for active forex traders who want lower all-in trading costs, while Libertex can still be attractive for traders who value a low entry deposit and straightforward pricing.
| Feature |
Pepperstone
|
Libertex
|
|---|---|---|
| Minimum Deposit | $10 | $10 |
| Average spread (EUR/USD) - Spread-only account | 1.1 | N/A |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 1.3 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and Libertex both give traders access to forex as CFDs or spot contracts, along with copy trading and cryptocurrency CFDs. In terms of market choice, Pepperstone has the wider selection, with 2,631 tradeable symbols and 65 forex pairs, compared with Libertex’s 1,573 symbols and 46 forex pairs. Neither broker offers exchange-traded U.S. shares or international shares as direct investments.
One key difference is cryptocurrency ownership: Pepperstone lets clients buy actual, delivered crypto as well as crypto CFDs, while Libertex only offers crypto CFDs. Both brokers are rated 4 out of 5 stars for range of investments, but Pepperstone ranks slightly higher overall in this category, placing #23 out of 36 brokers, versus Libertex at #25.
| Feature |
Pepperstone
|
Libertex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2631 | 1573 |
| Forex Pairs (Total) | 65 | 46 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Pepperstone and Libertex both give traders a solid mix of platform choices and useful tools. Each broker offers a free demo account, web-based trading, Windows desktop software, copy trading, MetaTrader 4, MetaTrader 5, and the ability to place trades directly from a chart. This means both are well suited to beginners who want to practice first, as well as more active traders who want flexible access across devices and familiar trading platforms.
The main difference is that Pepperstone also has its own in-house platform, while Libertex does not. In ForexBrokers.com’s Trading Platforms and Tools review, both brokers earned 4 out of 5 stars, though Pepperstone placed higher overall, ranking #21 out of 36 brokers compared with Libertex at #27. For traders comparing platform variety and tools, Pepperstone has a slight edge thanks to its proprietary platform, but both brokers offer a similar experience in many key areas.
| Feature |
Pepperstone
|
Libertex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 90 | 43 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Libertex both make it easy to trade on the go, since each offers iPhone and Android apps, price alerts, and watchlist syncing between the mobile app and online account. Both brokers also earn a 4-star rating for mobile trading apps, so each gives traders a solid experience for everyday use.
Where Pepperstone stands out is in charting and tools. Its mobile app includes 30 technical studies, trendline drawing, and automatic saving of chart drawings, while Libertex does not offer these chart features in its app. That difference helps explain why Pepperstone ranks higher for mobile trading apps, coming in at #19 out of 36 brokers, compared with Libertex at #28 out of 36.
| Feature |
Pepperstone
|
Libertex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 0 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Pepperstone and Libertex both give traders access to useful market research tools, including forex news from top sources, a sentiment tool showing long and short positioning, and an economic calendar for tracking upcoming global events. Neither broker offers research from Autochartist, TipRanks, or Acuity Trading. The main difference is that Pepperstone also provides daily market commentary, while Libertex does not.
When it comes to research quality, Pepperstone has the edge. It scores 4.5 out of 5 stars for Research and ranks #13 out of 36 brokers at ForexBrokers.com, compared with Libertex’s 4-star rating and #26 ranking. Libertex does stand out in one area, though: it offers Trading Central tools such as Technical Analytics, which Pepperstone does not.
| Feature |
Pepperstone
|
Libertex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone is the stronger choice for beginners looking for learning support. It offers forex and CFDs education with at least 10 relevant resources, plus monthly online client webinars, 10+ beginner trading videos, and 10+ advanced videos for traders who want to keep learning. This depth shows up in its 4.5-star Education rating and a solid #15 ranking out of 36 brokers on ForexBrokers.com.
Libertex offers some educational content, but it falls behind Pepperstone in key areas that matter to new traders. Based on the information provided, it does not meet the mark for monthly webinars, nor does it offer 10+ beginner or advanced trading videos. Its Education score is 4 stars, and it ranks #35 out of 36 brokers, making Pepperstone the clearer pick for beginners who want more guidance and a wider range of learning materials.
| Feature |
Pepperstone
|
Libertex
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Pepperstone is better than Libertex. Pepperstone finished with an overall rank of #17, while Libertex finished with an overall rank of #32.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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Libertex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 79 |
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Pepperstone stands out for offering both actual, delivered cryptocurrency purchases and cryptocurrency CFDs, while Libertex supports cryptocurrency CFD trading but does not provide direct access to buy actual cryptocurrency.
Pepperstone and Libertex both support a similar range of funding and withdrawal methods, including ACH/SEPA transfers, PayPal, Skrill, and bank wires, making them closely matched for traders looking for flexible account funding options.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Pepperstone | Libertex | |
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| Trust Score | 94 | 79 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Libertex Review |
| Broker Screenshots | Pepperstone | Libertex | |
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| Regulation | Pepperstone | Libertex | |
|---|---|---|---|
| Trust Score | 94 | 79 | |
| Year Founded | 2010 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Libertex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Pepperstone | Libertex | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | Libertex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2631 | 1573 | |
| Forex Pairs (Total) | 65 | 46 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Pepperstone | Libertex | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.1 | N/A | |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 1.3 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Libertex | |
|---|---|---|---|
| Minimum Deposit | $10 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | Yes |
| Trading Platforms | Pepperstone | Libertex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | Pepperstone | Libertex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 90 | 43 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Pepperstone | Libertex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 0 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | Libertex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Libertex | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Pepperstone | Libertex | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | Pepperstone Review | Libertex Review |
| Overall | Pepperstone | Libertex | |
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| Trust Score | 94 | 79 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | Libertex Review |
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