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 |
When comparing Pepperstone and Libertex (Forex Club) for their commissions and fees, Pepperstone stands out with a rating of 4.5 stars. Its Razor account is particularly appealing for high-volume traders who can leverage the Active Trader program to benefit from reduced trading costs. The Razor account, compatible with platforms like TradingView, MetaTrader, and cTrader, operates on a commission-based model with an average spread of 0.10 pips for the EUR/USD, leading to an all-in cost of 0.80 pips, slightly above the industry average. In contrast, Pepperstone's Standard account is commission-free but comes with a higher average spread of 1.1 pips on the EUR/USD, making it more expensive overall.
In terms of trader benefits, Pepperstone offers significant rebates for active traders. In the UK and EU, professional clients trading at least £20 million monthly can receive a 15% rebate on spreads, increasing up to 25% for trades over £200 million. In Australia, clients trading a minimum of 100 lots in three months qualify for a 10% spread discount, with a 30% reduction available for those exceeding 3001 lots. This positions Pepperstone as a highly-ranked choice, landing in the #10 spot out of 63 brokers for commissions and fees according to ForexBrokers.com.
On the other hand, Libertex (Forex Club), rated with 3 stars, does not provide average spread data, making direct cost comparisons challenging. Despite this limitation, its lower ranking of #62 out of 63 brokers indicates it may not be as competitive in terms of commissions and fees when compared to Pepperstone. Overall, for traders prioritizing cost-effectiveness and potential rebates, Pepperstone emerges as a more favorable option.
| 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 offer forex trading as CFDs, catering to traders looking to explore this financial market. Pepperstone impresses with 1,726 tradeable symbols and 65 forex pairs, providing a broad spectrum of investment opportunities. Meanwhile, Libertex offers 300 tradeable symbols and 51 forex pairs, presenting a somewhat lighter selection. While neither broker provides access to exchange-traded securities on U.S. or international exchanges, both support copy trading and offer cryptocurrency derivative options, although they do not facilitate actual cryptocurrency purchases.
For individuals narrowing down their choice based on the range of investments, Pepperstone edges out with a 4-star rating, compared to Libertex's 3.5 stars. ForexBrokers.com ranks Pepperstone at #26 out of 63 brokers for its diversity in investments, whereas Libertex is placed at #53. Whether you prioritize a greater number of tradeable symbols or forex pairs, both brokers offer reliable platforms, though Pepperstone presents more extensive options for diversification.
| 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 offer a comprehensive range of trading platforms and tools that cater to the needs of traders. Both brokers provide a free virtual demo account that allows beginners and seasoned traders alike to practice and improve their strategies without any financial risk. Each broker developed their own proprietary platform, but also offer popular trading platforms like MetaTrader 4. Additionally, Pepperstone expands its offerings with MetaTrader 5 and DupliTrade, giving its clients more options. Both platforms support Windows-based desktop downloads and web-based trading, making them versatile for different user preferences. Moreover, both provide copy trading services, although neither broker supports ZuluTrade. When it comes to charting, Pepperstone and Libertex (Forex Club) offer 30 drawing tools and allow trading directly from charts, providing an enriched user experience.
When analyzing the trading platforms and tools, Pepperstone stands out with its inclusion of MetaTrader 5 and DupliTrade, which might appeal to more advanced traders looking for additional functionalities. Both brokers offer thorough watch list management with seven columns, or fields, to customize how you track your assets. Both have received positive ratings of four out of five stars for their trading platforms and tools, reflecting a high level of customer satisfaction. While Pepperstone is ranked higher at #22 among 63 brokers evaluated by ForexBrokers.com, Libertex holds a decent rank of #50. This suggests that both brokers offer competitive trading experiences but with a slight edge for Pepperstone in terms of platform and tool rankings.
| 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) offer competitive features for traders looking to use mobile trading apps. Both have apps available on iPhone and Android platforms and support features such as price alerts and symbol syncing for watchlists, ensuring seamless integration with your online trading accounts. You can also enjoy drawing trendlines and accessing multiple time frames in their mobile apps, alongside 30 technical studies to enhance your charting experience. However, Pepperstone takes the edge by allowing auto-saving of drawings, which Libertex lacks. Additionally, both apps support the creation of watchlists with real-time quotes.
When it comes to user ratings and rankings, both Pepperstone and Libertex receive similar acknowledgment, with 4-star ratings for their mobile trading apps. However, there is a noticeable difference in their rankings on ForexBrokers.com, where Pepperstone holds the 21st position out of 63 brokers, while Libertex ranks 49th. This difference may indicate a slight variance in user experience or performance, despite both offering similar features that cater well to mobile traders.
| 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 excels in offering market research tools and insights compared to Libertex (Forex Club). Users of Pepperstone benefit from daily market commentary and get access to forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones. Additionally, Pepperstone provides advanced technical analysis through Autochartist tools and sentiment-based trading features that display the ratio of long or short positions across currency pairs. It also includes a comprehensive economic calendar to keep traders informed about current and upcoming global news events. Despite sharing this calendar feature, Libertex does not offer daily commentaries or Autochartist tools, making Pepperstone a more attractive choice for those seeking in-depth market research.
Both Pepperstone and Libertex stand equal in not offering some popular research tools like Trading Central, TipRanks, or Acuity Trading's Signal Centre. However, Pepperstone's strong commitment to providing insightful analysis is reflected in its research rating of 4.5 stars and an impressive #12 ranking out of 63 brokers by ForexBrokers.com. In contrast, Libertex (Forex Club) is rated 3 stars for research and ranks significantly lower at #61, highlighting Pepperstone's advantage for traders who prioritize comprehensive market insights and analysis tools.
| 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 | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone and Libertex both offer educational resources for beginners looking to dive into forex and CFDs trading, yet they differ in the depth and range they provide. Pepperstone stands out with its comprehensive educational offerings that include over ten articles, videos, and archived webinars specifically focused on forex and CFDs. They also host educational webinars every month, which are accessible alongside a searchable archive of past sessions. This broker caters well to both beginners and experienced traders, offering at least ten beginner educational videos and an equivalent number of advanced educational topics. Furthermore, Pepperstone also provides an investor dictionary with definitions for over 50 investing terms, making it easier for beginners to understand complex terms in the trading world.
In contrast, Libertex (Forex Club) also delivers educational content with more than ten pieces dedicated to forex and CFDs. However, it lacks monthly webinars and a searchable archive of past sessions, limiting the options for clients seeking interactive learning experiences. While they do offer advanced educational video content for experienced traders, the absence of ten beginner-focused video tutorials may leave new traders seeking further external resources. Additionally, an investor dictionary isn't available, which could pose challenges for those unfamiliar with trading jargon. Overall, this breadth of Pepperstone's educational resources is clearly reflected in their 4.5-star rating for education and their higher ranking of #17 out of 63 brokers in the education category, compared to Libertex’s 3-star rating and #57 rank.
| 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
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Libertex (Forex Club)
|
|---|---|---|
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| Trust Score | 95 | 73 |
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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.
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0 of 5| Overall Rating | Pepperstone | Libertex (Forex Club) | |
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| Trust Score | 95 | 73 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
| Broker Screenshots | Pepperstone | Libertex (Forex Club) | |
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| 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) | No | No | |
| 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 | No | |
| 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) | No | No |
| 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 | 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) | |
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| Trust Score | 95 | 73 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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