Side-by-side
Alpari vs Libertex
Alpari vs Libertex — Direct comparison across cost, regulation, leverage, platforms and operating history.
Tracked byBrokerlist Editorial · Independent review teamUpdated
In short. Choose Alpari if you have $500+ and want commission-based Pro ECN pricing at ~$7.50/lot with 27 years of operating history. Choose Libertex if you are an EU/EEA resident who wants an EU-regulated (CySEC) broker with ICF compensation and negative balance protection.
Alpari vs Libertex comparison: fees, licences, platforms
Verdict at a glance
Libertex leads
- Alpari
- ahead on 1 dimension
- Libertex
- ahead on 3 dimensions
- Tied
- 1 tied
Cost per lot
Alpari: $7.50/lot, Libertex: Floating. Same cost per lot.
Minimum deposit
Alpari: $500, Libertex: €100. Smaller minimum at Libertex.
Maximum leverage
Alpari: 1:1000, Libertex: 1:30. Higher leverage at Alpari.
Regulator and licence
Alpari: MISA, Libertex: CySEC. Stronger licensing at Libertex.
Trading platforms
Alpari: MetaTrader 4, MetaTrader 5, Libertex: MetaTrader 4, MetaTrader 5, Libertex Platform. Wider platform choice at Libertex.
Pros and cons
Alpari
Pros
- ✓27 years of operating history (founded 1998) — predates most current retail brokers
- ✓Pro ECN: 0.1–0.4 typical spread + $5 round-turn ≈ $7.50/lot — competitive commission tier
- ✓Standard account available at $50 min for lower entry (spread-only ~1.2 pip from)
Cons
- ✕Regulated only by offshore entities (Mauritius / St. Vincent) after losing its FCA licence in 2015 — no tier-1 regulator, no FSCS-equivalent protection
- ✕Pro ECN tier requires $500 minimum deposit — not accessible for small accounts
- ✕Inactivity fee $10/month after period of inactivity
- ✕Not available in 38 jurisdictions (all of EU + UK, US, Japan, Canada, India, Myanmar, OFAC-sanctioned countries)
Libertex
Pros
- ✓CySEC-regulated (Indication Investments Ltd, licence 164/12) with ICF investor compensation and negative balance protection
- ✓MT4/MT5 plus proprietary Libertex platform; strong local EU funding (SOFORT, iDEAL, Giropay, Przelewy24)
Cons
- ✕Single-jurisdiction CySEC coverage — no FCA or ASIC fallback
- ✕Retail leverage capped at 1:30 (ESMA/CySEC) — lower than offshore brokers
- ✕€100 minimum deposit; inactivity fee applies after extended dormancy
Who should choose which
Choose Alpari if:
- ✓You have $500+ and want commission-based Pro ECN pricing at ~$7.50/lot with 27 years of operating history
- ✓You're in a jurisdiction outside EU/UK/US/Japan/Canada where Alpari's MISA (Comoros) entity onboards you
- ✓You want offshore high-leverage access (up to 1:3000 on Standard) at a legacy retail brand
Choose Libertex if:
- ✓You are an EU/EEA resident who wants an EU-regulated (CySEC) broker with ICF compensation and negative balance protection
- ✓You prefer a simple proprietary platform alongside MT4/MT5
- ✓You value 28 years of operating history (via Forex Club parent, founded 1997)
84% of retail investor accounts lose money
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Frequently asked
Which is better — Alpari or Libertex?+
Across our 5 dimensions: Alpari leads in 1, Libertex in 3, ties: 1. Overall verdict: Libertex. Full breakdown below.
Which broker has lower fees?+
Cost-per-lot in our calculation: Alpari — $7.50, Libertex — $0.00. Lower at a tie.
Which is better for beginners?+
Minimum deposit: Alpari — $500, Libertex — $100. Easier onboarding at Libertex.
What trading platforms do they offer?+
Alpari: MetaTrader 4, MetaTrader 5. Libertex: MetaTrader 4, MetaTrader 5, Libertex Platform.
Who regulates each broker?+
Alpari: MISA. Libertex: CySEC.