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 types of traders. Pepperstone earns a 5-star rating and is ranked #6 out of 36 for commissions and fees. Its best value is on the Razor account, which uses commission-based pricing and had an average EUR/USD spread of 0.10 pips in July 2024; after adding commission, the all-in cost was about 0.80 pips. That is close to the market average, and Pepperstone’s Active Trader program can lower costs further for high-volume clients. Its Standard account is commission-free, but the average EUR/USD spread of 1.1 pips makes it the pricier choice overall.
Libertex is also priced well, but it lands a bit lower than Pepperstone on overall fees, with a 4-star rating and a ranking of #21 out of 36. Its headline EUR/USD spread was 0.3 pips, though this was based on a recent trading-day figure rather than a full monthly average, so it should be viewed as a guide rather than a guarantee. Forex trading uses a spread-plus-commission setup, with fees of 5 euros per side on the Libertex platform and 6 euros per side on MT4 and MT5, which makes the proprietary platform the cheaper pick for active forex traders.
For extra costs, Libertex charges a 10 euro inactivity fee only after six months without trading or account activity, and wire transfers are free. Pepperstone’s pricing can be improved through its Active Trader rebates, especially for larger-volume traders in the UK, EU, and Australia. In short, Pepperstone is the better choice for traders who want the strongest overall commission and fee structure, while Libertex is still a low-cost option that may appeal to traders who prefer its platform and simple account setup.
| Feature |
Pepperstone
|
Libertex
|
|---|---|---|
| Minimum Deposit | $10 | $10 |
| Average spread (EUR/USD) - Standard account | 1.1 | 0.3 |
| All-in Cost EUR/USD - Active | 0.8 | 1.3 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and Libertex both give traders access to forex and CFDs, but Pepperstone has the edge on overall choice. Pepperstone offers 1,726 tradable symbols and 65 forex pairs, while Libertex lists 1,573 symbols and 46 forex pairs. Neither broker lets you buy real shares on U.S. or international stock exchanges, and neither offers direct ownership of cryptocurrency. However, both do support copy trading and crypto CFDs, which may appeal to traders who want to follow other investors or trade digital assets without holding the coins themselves.
In terms of range of investments, both brokers are rated 4 out of 5 stars, but Pepperstone is ranked slightly higher by ForexBrokers.com at #23 out of 36, compared with Libertex at #25. For traders looking for a wider selection of markets, Pepperstone comes out ahead, though the two brokers are fairly close overall.
| Feature |
Pepperstone
|
Libertex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 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) | No | 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 wide range of platform choices, including free demo accounts, web-based trading, Windows desktop downloads, copy trading, and access to MetaTrader 4 and MetaTrader 5. Both brokers also let users trade directly from charts, which can make it easier to react quickly when prices move. In ForexBrokers.com’s Trading Platforms and Tools category, each broker is rated 4 out of 5 stars, showing that both offer a solid setup for everyday traders.
One key difference is that Pepperstone offers its own proprietary trading platform, while Libertex does not. That may matter for traders who want a broker-built platform with a different look and feel from MetaTrader. Even so, Libertex still offers the main essentials many traders look for, and both brokers are well covered for platform access across desktop and browser. In ForexBrokers.com’s overall ranking for this category, Pepperstone sits at #21 out of 36 brokers, ahead of Libertex at #26.
| 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) | 15 | 43 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Libertex both give traders mobile access through iPhone and Android apps, and both support price alerts plus watchlist syncing between the mobile app and online account. Each broker is also rated 4 out of 5 stars for mobile trading apps. That said, Pepperstone has a clear edge for charting tools, offering 30 technical studies, trendline drawing, and auto-saving chart drawings, while Libertex does not offer technical studies in its mobile app and does not support trendline drawing or auto-saving drawings.
In ForexBrokers.com’s mobile trading apps ranking, Pepperstone places #19 out of 36 brokers, ahead of Libertex at #27. For traders who want a mobile app with more built-in charting features, Pepperstone is the stronger choice. Libertex still covers the basics well, but Pepperstone offers a more complete mobile trading experience overall.
| 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 has the edge in market research overall, thanks to daily market commentary, Autochartist tools, sentiment data, and an economic calendar that tracks major global events. It also offers forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. On ForexBrokers.com, Pepperstone is rated 4.5 out of 5 stars for Research and ranks #13 out of 36 brokers, which puts it ahead of Libertex in this area.
Libertex still covers several useful research basics, including forex news from top-tier sources, sentiment data, and an economic calendar. It also includes Trading Central tools, which Pepperstone does not. However, it does not provide daily market commentary or Autochartist, and its Research score is a bit lower at 4 out of 5 stars, with a ranking of #25 out of 36 brokers.
| Feature |
Pepperstone
|
Libertex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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 who want to learn before they trade. It offers forex and CFD education, regular online client webinars, at least 10 beginner-focused trading videos, and at least 10 advanced videos for traders who want to go further. That range of learning material helps newer users start with the basics and keep building their skills over time. Pepperstone is also rated 4.5 out of 5 stars for Education and ranks #15 out of 36 brokers on ForexBrokers.com in this category.
Libertex also provides forex and CFD education, but it falls behind Pepperstone in the amount and variety of beginner-friendly learning support. It does not offer monthly educational webinars, and it does not meet the mark for having at least 10 beginner or 10 advanced trading videos. Its Education rating is 4 out of 5 stars, and it ranks #33 out of 36 brokers on ForexBrokers.com. For beginners looking for more guided learning, Pepperstone offers a clearer advantage.
| 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 and Libertex both do not offer the ability to buy actual delivered cryptocurrency, but each does provide access to cryptocurrency CFDs for trading price movements rather than owning the underlying asset.
Pepperstone and Libertex both support ACH/SEPA transfers, PayPal, and bank wire deposits and withdrawals, but Libertex has the advantage for Skrill funding, while Visa and Mastercard availability is not specified for either broker.
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) | 1726 | 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) | No | 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) - Standard account | 1.1 | 0.3 | |
| All-in Cost EUR/USD - Active | 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) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | 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) | 15 | 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 Watchlist [DELETED] | |||
| 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 | Yes | 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 | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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