Written by ForexBrokers.com
In this head to head comparison of Saxo vs Libertex, 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.
Saxo and Libertex are both privately held brokers, but their regulatory standing is very different. Saxo was founded in 1992, is also a bank, and holds 7 Tier-1 licenses plus 1 Tier-2 license, which helps explain its top ForexBrokers.com Trust Score of 99 out of 99. Libertex, founded in 1997, is not a bank and is not publicly traded either, but it has just 1 Tier-1 license and 1 Tier-2 license, giving it a Trust Score of 79 out of 99.
In simple terms, Saxo offers a higher level of trust based on its licensing and bank status, while Libertex sits in the average-risk range by ForexBrokers.com standards. If regulation and safety are your main concerns, Saxo has the stronger profile; if you are comparing based on company age alone, both have long track records, but Saxo has been around a bit longer.
| Feature |
Saxo
|
Libertex
|
|---|---|---|
| Year Founded | 1992 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Saxo has very good overall pricing, especially for active traders and clients who keep larger balances. Its EUR/USD spreads in November 2023 averaged 1.1 pips on the Classic account, 1.0 pips on Platinum, and 0.9 pips on VIP, with the lower-tier Classic account being a little less competitive than the higher tiers. Saxo is generally commission-free for forex trading, although traders who do less than 50,000 units per month pay a $3 ticket fee per side. Saxo is rated 5 stars for commissions and fees and is ranked #8 out of 36 brokers.
Libertex is also priced well, with a reported EUR/USD spread of 0.3 pips, though this figure is based on the latest trading day rather than a full monthly average. Its forex model uses spreads plus commission: 5 euros per side on the Libertex platform, or 6 euros per side on MT4 and MT5, making the broker’s own platform the cheaper option for frequent traders. On the non-trading side, Libertex charges a 10 euro inactivity fee only after six months without trading or account activity, and international wire transfers are free.
For low-cost trading, both brokers are competitive, but they suit different types of users. Saxo tends to reward larger, more active accounts with better pricing at higher tiers, while Libertex offers a low minimum deposit of $10 and simple fee discounts for larger deposits. Libertex is rated 4 stars for commissions and fees and is ranked #21 out of 36 brokers.
| Feature |
Saxo
|
Libertex
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average spread (EUR/USD) - Standard account | 1.0 | 0.3 |
| All-in Cost EUR/USD - Active | 0.8 | 1.3 |
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Saxo offers a much wider range of investments than Libertex, making it a stronger pick for traders who want more choice. Saxo provides access to 71,000 tradeable symbols and 190 forex pairs, while Libertex lists 1,573 symbols and 46 forex pairs. Both brokers offer forex trading as CFDs or spot contracts, and both support cryptocurrency CFDs, but neither lets you buy actual delivered crypto.
Where Saxo stands out even more is in exchange-traded securities: clients can buy real shares on both U.S. and international exchanges, such as Apple and Vodafone, while Libertex does not offer this. Libertex does have copy trading, which Saxo does not. Overall, Saxo is rated 5 out of 5 stars for Range of Investments and ranks #3 out of 36 brokers on ForexBrokers.com, compared with Libertex’s 4 stars and #25 ranking.
| Feature |
Saxo
|
Libertex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 1573 |
| Forex Pairs (Total) | 190 | 46 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Saxo and Libertex both give traders a choice of demo accounts, web-based platforms, desktop downloads for Windows, and the ability to trade directly from charts. Saxo also stands out with its own in-house platform, which may appeal to traders who want a more custom-built experience. In contrast, Libertex does not have a proprietary platform, but it does support popular third-party options like MetaTrader 4 and MetaTrader 5, plus copy trading for those who prefer to follow other traders.
When it comes to platform quality, Saxo comes out ahead in independent reviews, earning 5 out of 5 stars for Trading Platforms and Tools and ranking #3 out of 36 brokers by ForexBrokers.com. Libertex is still a solid choice, with 4 out of 5 stars and a #26 ranking. In simple terms, Saxo looks stronger for traders who want a polished, feature-rich platform setup, while Libertex may suit those who value copy trading and MetaTrader access.
| Feature |
Saxo
|
Libertex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 61 | 43 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and Libertex both make it easy to trade on the go with iPhone and Android apps, plus price alerts and watchlist syncing between mobile and online accounts. That means you can keep track of markets and update your lists from either device, with changes carried across both platforms. For basic mobile access, both brokers cover the essentials well.
Where Saxo pulls ahead is in charting and overall app quality. Its mobile app includes 64 technical studies, lets users draw trendlines, and automatically saves those drawings, giving active traders more ways to study price action on the move. Libertex, by comparison, offers no technical studies in its mobile charting and does not support trendlines or auto-saving drawings. Reflecting that difference, Saxo is rated 5 stars for mobile trading apps and ranks #3 out of 36 brokers, while Libertex is rated 4 stars and ranks #27.
| Feature |
Saxo
|
Libertex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 0 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Saxo has a clear edge in market research. It offers daily market commentary, news from top sources such as Bloomberg, Reuters, and Dow Jones, Autochartist tools, sentiment data, and an economic calendar, giving traders a wide range of ways to follow markets and spot ideas. It is also rated 5 stars for Research and ranks #1 out of 36 brokers in the ForexBrokers.com Research category.
Libertex also provides news from top-tier sources, sentiment tools, and an economic calendar, and it stands out with Trading Central research tools. However, it does not offer daily market commentary or Autochartist. Overall, Libertex is rated 4 stars for Research and ranks #25 out of 36, so while it covers the basics well, Saxo offers a broader set of research features.
| Feature |
Saxo
|
Libertex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to learning tools for beginners, Saxo comes out ahead of Libertex. Saxo offers forex and CFD education with plenty of learning content, plus regular online educational webinars, at least 10 beginner-focused trading videos, and even 10 advanced videos for more experienced traders. That makes it a stronger choice for new traders who want a clear path from the basics to more detailed market topics. Saxo also earns a 5-star Education rating and is ranked #12 out of 36 brokers by ForexBrokers.com in the Education category.
Libertex offers some education, but it is more limited for beginners. Based on the information provided, it does not appear to meet the same level of forex or CFD learning support, does not host monthly educational webinars, and does not offer 10 or more beginner or advanced trading videos. It still holds a 4-star Education rating, but its overall Education ranking is lower at #33 out of 36 brokers. For traders who want more guided learning resources, Saxo is the better pick.
| Feature |
Saxo
|
Libertex
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Saxo is better than Libertex. Saxo finished with an overall rank of #3, while Libertex finished with an overall rank of #32.
Saxo is a multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
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Libertex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 79 |
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When comparing Saxo vs Libertex for cryptocurrency trading, both online brokers do not offer the ability to buy actual, delivered crypto, but each does provide access to cryptocurrency CFDs, making them suitable for traders looking to speculate on crypto price movements rather than own the underlying assets.
When comparing Saxo vs Libertex for funding and withdrawals, Libertex offers more convenient payment options with ACH or SEPA transfers, PayPal, and Skrill, while both brokers support bank wire transfers and neither clearly lists Visa or Mastercard availability.
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 | Saxo | Libertex | |
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| Trust Score | 99 | 79 | |
| Winner | check_circle | ||
| Review | Saxo Review | Libertex Review |
| Broker Screenshots | Saxo | Libertex | |
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| Regulation | Saxo | Libertex | |
|---|---|---|---|
| Trust Score | 99 | 79 | |
| Year Founded | 1992 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Libertex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| 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) | Saxo | Libertex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Saxo | Libertex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 71000 | 1573 | |
| Forex Pairs (Total) | 190 | 46 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Saxo | Libertex | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.0 | 0.3 | |
| All-in Cost EUR/USD - Active | 0.8 | 1.3 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Saxo | Libertex | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | Yes |
| Trading Platforms | Saxo | Libertex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Saxo | Libertex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 61 | 43 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Saxo | Libertex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 0 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Saxo | Libertex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Libertex | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Saxo | Libertex | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Saxo Review | Libertex Review |
| Overall | Saxo | Libertex | |
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| Trust Score | 99 | 79 | |
| Winner | check_circle | ||
| Review | Saxo Review | Libertex Review |
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