Compare Forex CFD Brokers 2024 : Libertex vs Alpari vs Pepperstone
The ForexReviews.nl comparison tool rigorously compares forex brokers on factors like fees, platforms, licenses, apps, spreads, and ratings. Filter and narrow down brokers to find the ones that best suit your preferences compared to its competitors.
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Can you trust Libertex?
- Libertex does not operate a bank and is not publicly traded.
- Libertex is not authorised to operate in the 🇪🇺 European Union.
Is Libertex authorised to operate in the US?
❌ No, Libertex is not authorised to operate in the United States.What licenses does Libertex have to operate?
Libertex is authorised by the following regulators: .Does Libertex publicly discloses their financial statements?
❌ No, unfortunately Libertex does not list their financial statements publicly on their website.Does Libertex offer trading software like Meta Trader?
No, Libertex does not offer any trading software .Does Libertex provide a mobile native app?
No, Libertex does not provide a native app for mobile.Can you trust Alpari?
- Alpari was founded in 1998.
- Alpari does not operate a bank and is not publicly traded.
- Alpari is not authorised to operate in the 🇪🇺 European Union.
Is Alpari authorised to operate in the US?
❌ No, Alpari is not authorised to operate in the United States.What licenses does Alpari have to operate?
Alpari is authorised by the following regulators: .Does Alpari publicly discloses their financial statements?
❌ No, unfortunately Alpari does not list their financial statements publicly on their website.Does Alpari offer trading software like Meta Trader?
No, Alpari does not offer any trading software .Does Alpari provide a mobile native app?
No, Alpari does not provide a native app for mobile.Can you trust Pepperstone?
- Pepperstone was founded in 2010.
- Pepperstone does not operate a bank and is not publicly traded.
- Pepperstone is authorised to operate in the 🇪🇺 European Union.
- Pepperstone is licensed by the world's most strict and feared regulator 🇬🇧 ASIC (AU).
- Pepperstone is licensed by the 🇬🇧 FCA (UK).
Is Pepperstone authorised to operate in the US?
❌ No, Pepperstone is not authorised to operate in the United States.What licenses does Pepperstone have to operate?
Pepperstone is authorised by the following regulators: ASIC Authorised (Australia), FCA Authorised (U.K.) , CySEC Authorised (Cyprus), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE) .Does Pepperstone publicly discloses their financial statements?
❌ No, unfortunately Pepperstone does not list their financial statements publicly on their website.Does Pepperstone offer trading software like Meta Trader?
✅ Yes, you can trade on Pepperstone using MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader and DupliTrade trading software as well as through their web trading platform .Does Pepperstone provide a mobile native app?
✅ Yes, you can trade Pepperstone on mobile using Mobile App (Android) and Mobile App (iOS).Comparison & Key Differences
Which brokers offer social/copy trading?
Only Pepperstone offers social/copy trading.Best Brokers for Social/Copy Trading
Which brokers offer cryptocurrency (CFD) trading?
Only Pepperstone offers cryptocurrency (CFD) trading.Best Brokers for Cryptocurrency (CFD)
Which brokers allow scalping?
None of these brokers allow scalping: Libertex, Alpari and Pepperstone.Which brokers allow hedging?
None of these brokers allow hedging: Libertex, Alpari and Pepperstone.Which brokers provide Negative Balance Protection?
None of these brokers provide Negative Balance Protection: Libertex, Alpari and Pepperstone.Best Brokers with Negative Balance Protection
Which brokers offer a Demo Account?
Only Alpari offers a Demo Account.Best Brokers Offering Demo Accounts
Which brokers offer an Islamic Account?
None of these brokers offer an Islamic Account: Libertex, Alpari and Pepperstone.Best Brokers Supporting Islamic Accounts
What does it matter which licenses a broker has?
Licenses allow brokers like Libertex, Alpari and Pepperstone to legally provide services in those countries or regions. By having permits from regulators globally, the broker is authorized to conduct business and operate globally.
These licenses and regulations are good for consumers because they hold these companies to high standards.
For example, licenses from:
- ASIC in Australia,
- FCA in the United Kingdom,
- CFTC in the United States,
- CySEC in Cyprus,
- FSC in Belize
Require that Libertex, Alpari and Pepperstone follow rules around:
- Keeping customer money safe
Regulators make sure brokers keep client money separate from their own money. This stops brokers from spending customer money. - Providing clear fees and charges
Regulators check that brokers show all fees to customers upfront. This helps customers understand and compare costs. - Resolving complaints fairly
Regulators check brokers are dealing with customer complaints fairly. Brokers must have policies to fix complaints. -
Guarding against fraud
Regulators make rules so brokers check customer identities. This helps stop criminal activity. Regulators can punish cheating brokers. - Advertising honestly
Regulators tell brokers what they can and can't say in ads. This stops brokers making false promises. Regulators can fine brokers who break ad rules.
Which brokers are authorised by ASIC, FCA, CFTC and CFTC?
AU's ASIC, UK's FCA and America's CFTC are considered global “gold standards” in rigorous consumer protection laws and enforcement policies.
- ASIC (AU) Authorised - Only Pepperstone is licensed by the ASIC (AU).
- FCA (UK) Authorised - Only Pepperstone is licensed by the FCA (UK).
- CFTC (US) Authorised - None of these brokers offer licensed by the CFTC (US): .
CySEC in Cyprus follows the strict rules set by the European Union called MiFID. These MiFID rules were created to strongly protect investors.
- CySEC (CY) Authorised - Only Pepperstone is licensed by the CySEC (CY).
Which brokers are not registered with ASIC, FCA or CFTC?
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Not registered with CFTC (US) -
The following brokers are not licensed by the CFTC (US): Libertex, Alpari and Pepperstone.
This doesn't necessarily have to be a red flag as some forex brokers make the choice to only have customers who live outside of the United States. They do not accept traders who live inside the U.S. The CFTC is the agency in the U.S. that oversees brokers for U.S. residents. Since these brokers don't have any U.S. customers, the rules and registration enforced by the CFTC does not apply to those brokers. The brokers are still responsible for following the local rules where their international customers live. But they do not have to register specifically with the U.S. agency (CFTC) because they do not serve traders who reside in the United States.
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Not registered with ASIC (AU) -
Both Libertex and Alpari are licensed by the ASIC (AU).
Again, even though ASIC is known globally as having the strictest and most feared regulation of forex brokers, this doesn't always have to ring alarms. However, some brokers deliberately avoid Australia because ASIC aggressively examines brokers in detail and has very high standards of acceptable conduct. If ASIC finds brokers are badly mistreating customers or ignoring the strict rules, ASIC will punish them severely without waiting by issuing massive fines or shutting them down. Forex brokers know not to take ASIC rules lightly because ASIC is watching them closely and will come down hard on them if customers are harmed by their poor behavior.
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Not registered with FCA (GB) -
Both Libertex and Alpari are licensed by the FCA (GB).
Background Information
Difference between shares, equity indices and , individual stocks and etfs
The main differences between forex, shares, equity indices, individual stocks, and ETFs are:
- Forex (Foreign Exchange) - Forex trading involves exchanging one currency for another in the foreign exchange market. Forex traders attempt to profit from fluctuations in currency exchange rates.
- Shares - A share represents part ownership of a company. Owning shares entitles the shareholder to a portion of the company's assets and earnings.
- Equity Indices - An equity index is a statistical measure of the performance of a basket of stocks representing a portion of the equity market. Examples include the S&P 500 and the Dow Jones Industrial Average. These indices track the overall performance of their underlying group of stocks.
- Individual Stocks - An individual stock represents ownership in a single company. The return on an individual stock depends solely on that company's performance. Individual stocks carry higher risk but also the potential for higher returns compared to broader indices.
- ETFs (Exchange Traded Funds) - An ETF is a collection of securities bundled together into a fund that trades on an exchange like a stock. ETFs can contain various asset classes but equity ETFs typically track an equity index, such as the entire stock market or a sector. ETFs offer diversification with the trading aspects of a stock.
Shares and individual stocks represent ownership in a single company, indices track groups of stocks, while ETFs are funds containing assets like stocks or indices that trade as a single security. The level of diversification, risk, and return potential differs across these asset classes.