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 account | 1.00 | N/A |
| All-in Cost EUR/USD - Active | 0.70 | N/A |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone offers a wider range of markets than Libertex (Forex Club), with 1,726 tradeable symbols versus 300 and 65 forex pairs compared to 51. Both brokers support forex trading via CFDs or spot contracts and provide crypto CFDs, but neither lets you buy actual cryptocurrencies. You won’t find exchange-traded shares on U.S. or international exchanges at either broker (only derivatives), though both support copy trading.
For range of investments, Pepperstone earns 4 stars and ranks 27th out of 63 brokers at ForexBrokers.com, while Libertex scores 3.5 stars and ranks 54th. Choose Pepperstone if you want more instruments and forex pairs to pick from; choose Libertex if a smaller, focused lineup meets your needs.
| Feature |
Pepperstone
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 300 |
| Forex Pairs (Total) | 65 | 51 |
| 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 (Forex Club) both check the key boxes for trading platforms and tools. Each offers a free demo (paper) trading account, a proprietary in-house platform, Windows desktop software, and a web-based platform. Both support copy trading, MetaTrader 4 (MT4), and let you place trades directly from charts. The main platform difference is MetaTrader 5 (MT5): Pepperstone offers MT5, while Libertex does not. For overall platform quality, both are rated 4 out of 5 stars.
In independent rankings, Pepperstone places higher for Trading Platforms and Tools (#22 of 63) compared with Libertex (#51 of 63). If you want access to MT5 alongside MT4, Pepperstone is the better fit; if you prefer a broker’s own platform with copy trading, Libertex also delivers. Either way, you can test-drive the experience with a free demo, explore chart trading in your browser or on desktop, and decide which workflow feels right.
| Feature |
Pepperstone
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and Libertex (Forex Club) both offer iPhone and Android apps with key features traders expect: price alerts, synced watchlists that update between mobile and web, and charting tools. Each mobile app supports 30 technical studies and lets you draw trendlines. A key difference is chart annotations: the Pepperstone mobile app auto-saves your drawings, while the Libertex app does not, which may matter if you rely on keeping your chart work intact across sessions and devices.
Both brokers earn 4 out of 5 stars for their mobile trading apps. However, in ForexBrokers.com’s Mobile Trading Apps category, Pepperstone ranks 21st out of 63 brokers, while Libertex (Forex Club) ranks 50th. If autosaving chart drawings and a stronger category placement matter to you, Pepperstone may have the edge; otherwise, feature parity is close for day-to-day trading on iPhone or Android.
| Feature |
Pepperstone
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
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 (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone stands out for beginner traders who want clear, structured forex and CFD education. It runs client webinars at least once a month and offers at least 10 beginner-focused video lessons, plus a deep set of advanced videos for when you’re ready to level up. This mix of live sessions and on-demand videos makes it easier to learn step by step. Reflecting this strength, Pepperstone earns 4.5 stars for Education and is ranked #17 out of 63 brokers by ForexBrokers.com.
Libertex (Forex Club) offers at least 10 advanced educational videos suited to more experienced traders, but it doesn’t host monthly client webinars and doesn’t provide at least 10 beginner-focused videos. That means newcomers may find fewer starting points compared to Pepperstone. Its Education score is 3 stars, with a #58 ranking out of 63 on ForexBrokers.com. For beginners seeking guided learning and regular live support, Pepperstone is likely the more suitable choice, while Libertex can appeal to traders who already know the basics and want to dive into advanced topics.
| Feature |
Pepperstone
|
Libertex (Forex Club)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | Yes |
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 |
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| Trust Score | 95 | 73 |
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Pepperstone vs Libertex (Forex Club): Both online brokers do not allow purchasing actual (delivered) cryptocurrencies, but they each offer cryptocurrency CFD trading.
Pepperstone and Libertex (Forex Club) both support ACH/SEPA transfers, while Pepperstone additionally offers PayPal and bank wire funding (but not Skrill), and details for Libertex on PayPal, Skrill, Visa/Mastercard, and bank wires were not specified.
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) | |||
| 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, FSRA, or SCA 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. 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 (Forex Club) | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.00 | N/A | |
| All-in Cost EUR/USD - Active | 0.70 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No |
| Trading Tools | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 15 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Pepperstone | Libertex (Forex Club) | |
|---|---|---|---|
| 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 |
| Overall | Pepperstone | Libertex (Forex Club) | |
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| Trust Score | 95 | 73 | |
| Winner | check_circle | ||
| Review | Pepperstone Review |
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