Written by ForexBrokers.com
In this head to head comparison of Pepperstone vs Libertex (Forex Club), 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 and Libertex (Forex Club) are prominent players in the online brokerage arena, each bringing unique strengths to the table. Founded in 2010, Pepperstone is a relatively newer entrant compared to the longer-established Libertex, which made its debut in 1997. Neither company is publicly traded, and both are not banks, focusing entirely on providing trading services. However, when it comes to regulatory trust, Pepperstone shines with a Trust Score of 95 from ForexBrokers.com, signaling a high level of trust and reliability. This trust is underpinned by three Tier-1 licenses, which are considered highly trusted, and two Tier-2 licenses, which are regarded as trusted.
In contrast, Libertex, part of the Forex Club, has a solid Trust Score of 73, which indicates an average risk level according to ForexBrokers.com criteria. Although Libertex has been in the industry for a longer time, it holds just one Tier-1 license and does not possess any Tier-2 licenses, which reflects its standing in the regulatory landscape. Ultimately, while both brokers offer valuable trading options, Pepperstone's stronger regulatory credentials and higher trust rating make it a notable choice for those prioritizing security and trust in their trading activities.
| Feature |
Pepperstone
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 2010 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
If low trading costs are your priority, Pepperstone generally beats Libertex (Forex Club) on commissions and fees. Pepperstone earns 4.5/5 stars and ranks #11 out of 63 brokers for pricing, while Libertex holds 3/5 stars and ranks #63 out of 63.
Pepperstone is an agency-execution broker with two main pricing options. The Razor account (on TradingView, MT4/MT5, or cTrader) uses a commission-based model alongside tight spreads: as of July 2024, the average EUR/USD spread was 0.10 pips, and when you add the commission-equivalent of about 0.70 pips, the all-in cost comes to roughly 0.80 pips—near the industry average. The Standard account is commission-free but lists a higher 1.1-pip average spread on EUR/USD, making it more expensive than Razor. Active traders can cut costs further via Pepperstone’s rebate program: in the UK/EU, Professional clients trading at least £20 million per month can receive a 15% spread rebate per lot, scaling up to 25% above £200 million; in Australia, Professional clients start with a 10% per-lot discount and can reach a 30% reduction above 3001 lots per month.
By comparison, Libertex (Forex Club) does not publish average spread data, which makes it harder to estimate typical trading costs. Combined with its 3/5 star rating and #63/63 ranking for commissions and fees, Libertex trails Pepperstone’s clearer, more competitive pricing profile.
| Feature |
Pepperstone
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and Libertex (Forex Club) both support forex trading delivered as CFDs/spot contracts and both offer copy trading. Pepperstone lists 1,726 tradeable symbols, including 65 forex pairs, while Libertex offers 300 symbols and 51 forex pairs. Neither broker lets you buy actual shares on U.S. or international exchanges (exposure to shares is via CFDs), and neither lets you purchase delivered cryptocurrency; however, both provide access to cryptocurrency derivatives.
For range of investments, ForexBrokers.com rates Pepperstone at 4/5 stars (ranked 27th out of 63 brokers) and Libertex at 3.5/5 stars (ranked 54th). In short, Pepperstone offers a larger catalog of instruments and slightly more currency pairs, whereas Libertex covers fewer markets but still includes the key asset types many CFD traders look for.
| Feature |
Pepperstone
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 300 |
| Forex Pairs (Total) | 65 | 51 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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 (Forex Club) both cover the essentials for trading platforms and tools: free demo (paper) accounts, proprietary platforms, Windows desktop downloads, web platforms, MetaTrader 4 (MT4), and copy trading. Neither integrates ZuluTrade. Where they differ, Pepperstone adds MetaTrader 5 (MT5) and DupliTrade support, options that Libertex does not provide.
On the tools side, both brokers let you trade directly from charts, include 30 drawing tools, and offer watchlists with 7 columns, plus a selection of technical indicators. For Trading Platforms and Tools, each scores 4 out of 5 stars, but Pepperstone ranks higher with ForexBrokers.com (#22 of 63) compared with Libertex (#51 of 63), a sign that Pepperstone’s platform lineup may appeal more to traders who want extra choices.
| Feature |
Pepperstone
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 15 |
| Charting - Drawing Tools (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Libertex (Forex Club) both offer full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, real-time quote watchlists, and watchlist syncing across web and mobile, so updates carry over between devices. For charting, both provide 30 technical studies, trendline drawing, and multiple time frames (intraday, daily, weekly), making it easy to analyze forex and CFD markets on the go.
The key difference is chart annotations: Pepperstone’s app auto-saves your drawings, while Libertex’s app does not. Both earn 4 out of 5 stars for mobile trading apps, but Pepperstone ranks higher with ForexBrokers.com (#21 of 63) compared with Libertex (#50 of 63). If keeping your chart notes intact between sessions matters, Pepperstone has an edge. If you don’t need autosave, Libertex offers similar core tools and platform coverage.
| Feature |
Pepperstone
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone stands out in a market research comparison with Libertex (Forex Club). Pepperstone earns 4.5/5 stars and ranks #12 out of 63 brokers for Research on ForexBrokers.com, while Libertex is rated 3/5 stars and ranks #62. Both brokers provide forex news from top-tier sources (such as Bloomberg, Reuters, or Dow Jones) and include an economic calendar for global events, but Pepperstone generally delivers a more feature-rich research experience.
Pepperstone offers daily market commentary, a sentiment tool showing long/short positioning, and integrated Autochartist tools for technical and fundamental insights. Libertex does not provide daily commentary, does not include Autochartist, and does not offer a sentiment tool. Neither broker uses Trading Central. Pepperstone does not provide research from TipRanks or Acuity Trading; Libertex’s use of TipRanks or Acuity Trading is not specified.
| Feature |
Pepperstone
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone and Libertex (Forex Club) both provide forex and CFD education, but Pepperstone offers more help for beginners. Pepperstone runs monthly client webinars and keeps a searchable archive of recorded sessions, while Libertex does not. Pepperstone also supplies at least 10 beginner-focused video lessons and an investor dictionary with 50+ terms; Libertex lacks both. On advanced content, both brokers offer at least 10 videos for experienced traders.
These differences show up in the ratings: Pepperstone earns 4.5 out of 5 stars for Education and ranks #17 of 63 brokers on ForexBrokers.com. Libertex (Forex Club) holds 3 stars and ranks #58 of 63. If you want structured learning with webinars, video lessons for newcomers, and a handy glossary, Pepperstone is the stronger pick. If you mainly need advanced videos and can do without regular webinars or a learning library, Libertex (Forex Club) may still fit.
| Feature |
Pepperstone
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | 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 (Forex Club). Pepperstone finished with an overall rank of #16, while Libertex (Forex Club) finished with an overall rank of #61.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 95 | 73 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Pepperstone and Libertex (Forex Club) do not offer the option to buy actual delivered cryptocurrencies, but they both provide access to cryptocurrency derivatives for trading.
Both Pepperstone and Libertex (Forex Club) provide diverse funding options, including ACH or SEPA transfers, PayPal, and Skrill, with Pepperstone also offering the added convenience of Visa or Mastercard, which is not available with Libertex, while both platforms support bank wire transfers.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 73 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
| Broker Screenshots | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| Regulation | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 95 | 73 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC 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 (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 300 | |
| Forex Pairs (Total) | 65 | 51 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | Yes |
| Trading Platforms | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 15 | |
| Charting - Drawing Tools (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | |
| Review | Pepperstone Review |
| Overall | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 73 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill