Alpari International vs Libertex Forex Broker Comparison
A head-to-head comparison of Alpari International and Libertex across regulation, trading costs, platforms, and editorial scoring.
Score 3.9 / 5
2 bonusesHistoric retail forex brand regulated by FSC Mauritius, offering MT4 and MT5 with ECN and Standard accounts, widely recognised in the CIS and emerging markets but operating under an offshore licence since the Alpari UK collapse.
VS
Long operational history since 1997, zero spread commission model, and very low $10 minimum deposit - though limited to CySEC regulation and restricted markets.
Our Verdict
Too close to call
Alpari International and Libertex are extremely closely matched with scores of 3.9/5 and 3.9/5. The right choice depends on your individual trading priorities.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
It's a tie
Both equally suited
Both brokers offer spreads from 0 pips.
Best for safety & regulation
Recommended
Libertex has a stronger safety profile: compensation scheme, segregated funds, negative balance protection.
Best for active traders
Recommended
Alpari International has a cost edge: raw/ECN spreads.
Best for platform choice
Recommended
Libertex offers more exclusive platform options: Proprietary Web/Mobile, a proprietary platform.
Best for beginners
Recommended
Both brokers share the same editorial score of 3.9/5, but Alpari International requires a lower minimum deposit ($5 vs $10 for Libertex), making it more accessible for new traders.
Alpari International vs Libertex: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.9/ 5 | 3.9/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.7 / 5 | 3.8 / 5▲ |
Fees & Spreads 30% weight | 4.1 / 5▲ | 4.0 / 5 |
Platforms & Tools 20% weight | 3.9 / 5 | 3.9 / 5 |
Customer Support 10% weight | 3.8 / 5 | 3.8 / 5 |
| Founded | 1998 | 1997 |
| Headquarters | Port Louis, Mauritius | Limassol, Cyprus |
| Min deposit | $5 | $10 |
| Spreads from | 0 pips | 0 pips |
| Commission / lot | $6/lot | N/A |
| Max leverage | 1000:1 | 999:1 |
| Withdrawal fee | Free | Free |
| Regulators | FSCA FSC | CySEC |
| Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 Proprietary Web/Mobile |
| Active bonuses | ||
| Visit broker | Visit Alpari International | Visit Libertex |
Alpari International vs Libertex Forex Broker Pros & Cons
Pros
26-year brand history in retail forex
Mature PAMM investor platform - one of the originals
ECN accounts with $6 per-lot commission competitive with top ECN desks
Wide geographic reach across CIS, MENA, and Africa
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Very low $10 minimum deposit
Zero spread commission model - transparent cost per trade
Long operational history since 1997
MT4, MT5, and proprietary Libertex platform
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
24/5 live chat support
Phone support available
Multilingual customer support
Cons
FSC Mauritius licence - lower investor protection than FCA/ASIC/CySEC
Legacy of UK entity collapse in 2015 is a cautionary reference point
No top-tier regulatory licence for its core international client base
No negative balance protection
No investor compensation scheme
No proprietary platform
Limited charting capabilities
Cons
Only CySEC regulated - limited jurisdiction coverage
Commission multiplier model can be confusing for new traders
Not available in many major English-speaking markets
No top-tier regulatory licence
No raw spread account option
Inactivity fee applies
Limited charting capabilities
Alpari International vs Libertex: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
Alpari International
criteria wins
3
Libertex
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Alpari International | Libertex |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
Alpari International vs Libertex: Frequently Asked Questions
Alpari International and Libertex share the same editorial score of 3.9/5. The right choice depends on your priorities: trading costs, platform preference, or regulatory coverage.
Both Alpari International and Libertex offer spreads starting from 0 pips, making them equivalent on this metric. Consider commissions and account types when evaluating total trading costs.
Alpari International has a lower minimum deposit of $5, while Libertex requires at least $10. This makes Alpari International more accessible for traders with limited starting capital.
Alpari International is regulated by FSCA, FSC. Libertex is regulated by CySEC. Always confirm a broker's current regulatory status before opening an account.
For beginners: Alpari International has a lower minimum deposit ($5), lowering the barrier to entry; Libertex offers negative balance protection, capping losses at your deposit amount. Also weigh up educational resources and customer support quality before deciding.
Alpari International offers maximum leverage of 1000:1, while Libertex offers up to 999:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Alpari International charges $6 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
Alpari International supports MetaTrader 4, MetaTrader 5 and Libertex offers MetaTrader 4, MetaTrader 5, Proprietary Web/Mobile; both support MetaTrader 4, MetaTrader 5; Libertex exclusively offers Proprietary Web/Mobile.
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Score 3.9 / 5
Score 3.9 / 5
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