Compare Pepperstone vs Libertex
What is Pepperstone? What is Libertex?
Pepperstone is an Australian forex broker that also offers CFD trading on indices, commodities, shares and cryptocurrencies. It was founded in 2010 and has offices in several countries. It is regulated by ASIC in Australia, FCA in the UK, CySEC in Cyprus, DFSA in Dubai, SCB in the Bahamas, CMA in Kenya and BaFin in Germany.
Libertex is a trading platform used by Indication Investments Ltd., a Cyprus Investment Firm that also offers CFD trading on forex, stocks, indices, commodities and cryptocurrencies. It was established in 1997 and operates in 120 countries. It is regulated by CySEC in Cyprus.
Pepperstone vs Libertex Regulation Comparison
| Broker | Regulator | License Number |
|---|---|---|
| Pepperstone | ASIC (Australia) | AFSL 414530 |
| FCA (UK) | 684312 | |
| CySEC (Cyprus) | 388/20 | |
| DFSA (Dubai) | F004356 | |
| SCB (Bahamas) | SIA-F217 | |
| CMA (Kenya) | 128 | |
| BaFin (Germany) | 151148 | |
| Libertex | CySEC (Cyprus) | 164/12 |
Pepperstone vs Libertex Trading Assets Comparison
| Broker | Forex Pairs | Indices | Commodities | Shares | Cryptocurrencies |
|---|---|---|---|---|---|
| Pepperstone | 61+ | 14+ | 15+ | 60+ (MT4), 1000+ (MT5) | 5+ (MT4), 30+ (MT5) |
| Libertex | 50+ | 20+ | 15+ | 200+ | 70+ |
Pepperstone vs Libertex Trading Fees Comparison
Both brokers charge variable spreads on their CFD trades, which depend on the market conditions, the asset type and the account type. Pepperstone offers two types of accounts: Standard and Razor. The Standard account has no commission fees but higher spreads, while the Razor account has lower spreads but charges a commission fee of $3.5 per lot per side for forex and metals, and $0.02 per share for shares. Libertex does not charge commission fees but has a service fee of up to $10 per month for inactive accounts.
Here are some examples of average spreads for some popular assets on both brokers:
| Asset | Pepperstone Standard Account Spread* | Pepperstone Razor Account Spread* + Commission Fee** | Libertex Spread* |
|---|---|---|---|
| EUR/USD | 1.16 pips | 0.09 pips + $7 per lot round turn ($0.63 per $10,000 traded) | 0.2 pips |
| GBP/USD | 1.49 pips | 0.41 pips + $7 per lot round turn ($0.77 per $10,000 traded) | 0.3 pips |
| USD/JPY | 1.25 pips | 0.25 pips + $7 per lot round turn ($0.58 per $10,000 traded) | 0.2 pips |
| Gold (XAU/USD) | $0.29 per ounce ($29 per lot) | $0.05 per ounce ($5 per lot) + $7 per lot round turn | $0.34 per ounce ($34 per lot) |
| WTI Crude Oil (USOIL) | $0.03 per barrel ($3 per lot) | $0.01 per barrel ($1 per lot) + $7 per lot round turn | $0.04 per barrel ($4 per lot) |
| Bitcoin (BTC/USD) | $10 per coin ($1000 per lot) | $10 per coin ($1000 per lot) + $7 per lot round turn | $30 per coin ($3000 per lot) |
Pepperstone vs Libertex Account Types Comparison
Pepperstone offers two types of accounts: Standard and Razor. The Standard account has no commission fees but higher spreads, while the Razor account has lower spreads but charges a commission fee. Both accounts have a minimum deposit of $200 and a maximum leverage of 1:500 for forex, 1:200 for indices and commodities, and 1:20 for shares and cryptocurrencies.
Libertex offers only one type of account, which has no commission fees but variable spreads. The account has a minimum deposit of $10 and a maximum leverage of 1:999 for forex, 1:20 for indices and commodities, and 1:10 for shares and cryptocurrencies.
Pepperstone vs Libertex Deposit Options Comparison
Pepperstone supports various deposit and withdrawal methods, including bank wire transfer, credit/debit cards, PayPal, Skrill, Neteller, POLi, BPay, UnionPay and broker-to-broker transfer. The broker does not charge any fees for deposits or withdrawals, but some third-party fees may apply. The processing time varies depending on the method, but it is usually instant or within one business day.
Libertex also supports various deposit and withdrawal methods, including bank wire transfer, credit/debit cards, Skrill, Neteller, Sofort, Trustly, Rapid Transfer, iDeal, Giropay and Multibanco. The broker does not charge any fees for deposits or withdrawals, but some third-party fees may apply. The processing time varies depending on the method, but it is usually instant or within one business day.
Pepperstone vs Libertex Trading Platforms Comparison
Pepperstone offers four major trading platforms: TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5) and cTrader. TradingView is a web-based platform that provides advanced charting tools and social trading features. MT4 and MT5 are desktop-based platforms that offer customisation options, indicators, expert advisors and automated trading. cTrader is also a desktop-based platform that offers intuitive interface, advanced order capabilities and customisation options.
Libertex offers its own web-based platform that is simple and convenient to use. It also offers a mobile app that is compatible with iOS and Android devices. The platform provides basic charting tools, indicators, risk management features and news feed.
Pepperstone vs Libertex Analytical Tools Comparison
Pepperstone provides various analytical tools to help traders make informed decisions. These include Autochartist, which scans the market for potential trading opportunities based on technical analysis; Smart Trader Tools, which is a suite of 28 indicators and expert advisors for MT4 and MT5; Trading Central, which provides market insights and analysis from professional analysts; Economic Calendar, which shows the upcoming economic events and their impact on the markets; Market News & Analysis, which provides daily updates on the market trends and movements; Trading Masterclass, which is a series of educational webinars hosted by experts.
Libertex also provides some analytical tools to help traders improve their skills. These include Trading Signals, which are recommendations based on technical analysis; Economic Calendar, which shows the upcoming economic events and their impact on the markets; Market News & Analysis, which provides daily updates on the market trends and movements; Trading Masterclass, which is a series of educational webinars hosted by experts.
Pepperstone vs Libertex. Which forex broker is better? Which forex broker should you choose?
Based on the comparison above, you can consider some of the following factors:
- If you are looking for a broker with more regulation, more trading assets, more trading platforms and more analytical tools, you may prefer Pepperstone.
- If you are looking for a broker with lower minimum deposit, higher maximum leverage, lower spreads and simpler platform, you may prefer Libertex.
- If you are looking for a broker with no commission fees, you may prefer Libertex’s Standard account or Pepperstone’s Standard account.
- If you are looking for a broker with lower overall trading costs, you may prefer Pepperstone’s Razor account, which has lower spreads and commission fees than Libertex’s Standard account.
- If you are looking for a broker with more social trading features, you may prefer Pepperstone’s TradingView platform or Libertex’s Trading Signals service.
- If you are looking for a broker with more customisation options, indicators, expert advisors and automated trading, you may prefer Pepperstone’s MT4, MT5 or cTrader platforms.
Ultimately, the best way to decide which broker suits you better is to try them out yourself. You can open a demo account with both brokers and test their platforms, services and features before making a final decision.
