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 |
Pepperstone and Libertex (Forex Club) offer different approaches to commissions and fees, each appealing to distinct types of traders. Pepperstone stands out with its Razor account, providing competitive pricing through a commission-based structure and low spreads when combined with its Active Trader program, making it ideal for high-volume traders. In contrast, the Standard account is commission-free but has higher spreads, making it less cost-effective for those not trading in large volumes. Pepperstone’s Active Trader program further incentivizes high-frequency trading by offering rebates based on trading volume and different tiers for professional clients in regions like the UK, EU, and Australia. This setup significantly decreases costs for major traders, ensuring Pepperstone's strong position in the market.
On the other hand, Libertex (Forex Club) lacks specific average spread data, making it more challenging to ascertain its overall cost-effectiveness directly. The broker takes a different approach to fees but tends to offer less transparency in its pricing model compared to Pepperstone. This could influence traders’ decisions, especially those who appreciate knowing precise costs upfront.
In terms of ratings and rankings, Pepperstone clearly outperforms Libertex (Forex Club). Pepperstone boasts a commendable 4.5-star rating for commissions and fees, securing the 10th spot out of 62 brokers on ForexBrokers.com. Conversely, Libertex (Forex Club) is rated at 3 stars, ranking much lower at 61st place. This stark contrast highlights Pepperstone’s superior client offerings and its alignment with the needs of price-conscious and high-volume traders, setting it apart in the competitive landscape of online brokerage services.
| 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.
If you're exploring online brokers with a wide range of investment options, both Pepperstone and Libertex (Forex Club) offer enticing features. Pepperstone stands out with an impressive total of 1,726 tradeable symbols, including 65 forex pairs, providing ample opportunities for traders. In comparison, Libertex offers 300 symbols with 51 available forex pairs, catering to those who prefer a more focused selection. Both platforms support trading forex as CFDs or spot contracts and offer cryptocurrency derivatives, though neither allows for purchasing actual cryptocurrencies or exchange-traded securities from U.S. or international markets.
For traders interested in mimicking successful investment strategies, both Pepperstone and Libertex provide copy trading features. However, when it comes to ratings and rankings for their range of investments, Pepperstone has the edge. It holds a four-star rating, ranking 26th out of 62 brokers on ForexBrokers.com, while Libertex garners a 3.5-star rating, coming in at 53rd place. These distinctions underscore Pepperstone's broader array of investment options, making it a stronger choice for those seeking extensive trading opportunities.
| 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 traders a wide array of features across their respective trading platforms. Each provides a proprietary platform as well as access to MetaTrader 4, but only Pepperstone also offers MetaTrader 5. For those interested in simulated trading, both brokers offer free virtual demo accounts, allowing users to practice without risking real money. When it comes to platform accessibility, both brokers offer options that include a Windows-based desktop download and a web-based trading platform, ensuring flexibility for traders regardless of their preferred device.
Looking into advanced trading tools, Pepperstone and Libertex (Forex Club) each provide integrated features such as copy trading, although Pepperstone offers DupliTrade while neither broker offers ZuluTrade. Both platforms allow traders to engage directly from stock charts and provide 30 drawing tools for chart analysis. When it comes to organizing trades with watch lists, both offer 7 columns for customization. Their ratings are evenly matched at 4 stars for their trading platforms and tools. However, Pepperstone ranks higher in this category at #22 out of 62 brokers, compared to Libertex (Forex Club)'s rank of #50, highlighting Pepperstone's slight edge in platform offerings according to ForexBrokers.com.
| 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 provide versatile mobile trading apps for iPhone and Android users, ensuring access through your mobile device. Both platforms offer features like stock and forex price alerts, watchlist symbol syncing so your lists remain updated whether you're using the mobile app or the web interface, and the ability to draw trendlines on charts. Each app offers 30 technical studies for charting, and you can easily switch between multiple time frames, such as daily, weekly, or intraday. While both apps allow you to create watchlists with real-time quotes, Pepperstone has the added convenience of auto-saving chart drawings, which Libertex lacks.
In terms of user experience, Pepperstone and Libertex each receive a solid four-star rating for their mobile trading apps. However, when it comes to ranking among mobile trading apps, Pepperstone stands out with a higher position, being ranked #21 out of 62 brokers by ForexBrokers.com, while Libertex is further down the list at #49. This distinction could be a key consideration for users seeking a mobile app with a slightly better overall package. In summary, both apps offer a strong suite of tools for traders on the go, but Pepperstone holds a slight edge with its enhanced user-friendly features and higher industry ranking.
| 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 by offering daily market commentary and access to high-quality forex news from sources like Bloomberg and Reuters. It supports traders with advanced tools such as Autochartist, and a sentiment-based trading tool that reveals the positioning trends across various currency pairs. Additionally, Pepperstone provides a comprehensive economic calendar for tracking significant global events. This extensive research offering achieves a high research rating of 4.5 stars and secures its rank at 12th out of 62 brokers, according to ForexBrokers.com.
On the other hand, Libertex (Forex Club) also provides top-tier forex news and an economic calendar. However, it lacks in certain areas, such as daily market commentary, Autochartist tools, and sentiment-based trading features. These omissions might limit the in-depth research ambitions of some traders. Consequently, Libertex holds a 3-star research rating and is positioned at 60th out of 62 brokers in the ForexBrokers.com research rankings, reflecting a substantial gap in research capabilities when compared to Pepperstone.
| 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 (Forex Club) both provide various educational resources for those keen on learning about forex or CFDs, offering at least ten educational pieces such as articles, videos, or archived webinars. However, Pepperstone goes a step further by hosting monthly educational client webinars, a feature absent in Libertex's offerings. Additionally, Pepperstone provides a searchable archive of previously recorded client webinars, which can be a significant advantage for those wishing to learn at their own pace. Both brokers cater to advanced traders with at least ten educational videos, but Pepperstone excels at supporting beginners with ten introductory trading videos, a resource Libertex lacks.
Pepperstone further enhances its educational credentials by providing a comprehensive investor dictionary containing over 50 investing term definitions, while Libertex does not offer a similar feature. As a testament to their educational commitment, Pepperstone boasts a 4.5-star rating in education and is ranked 17th out of 62 brokers by ForexBrokers.com. On the other hand, Libertex has a lower educational rating of 3 stars and ranks 57th in the same category. This comparison highlights Pepperstone as a more resourceful and supportive option for beginners seeking extensive educational tools in the trading world.
| 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 62 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 #60.
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)
|
|---|---|---|
| Overall Rating |
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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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