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) - Spread-only account | 1.0 | N/A |
| All-in Cost EUR/USD - Raw spread account | N/A | 1.3 |
| Non-wire bank transfer (Deposit/Withdraw) | 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 has a much wider range of investments than Libertex, making it a stronger choice for traders who want access to more markets and products. It offers around 71,000 tradeable symbols, including 192 forex pairs, and lets clients buy real shares on both U.S. and international exchanges such as Apple and Vodafone. Saxo also supports forex trading and crypto CFDs, but it does not offer copy trading or the option to buy actual cryptocurrency.
Libertex offers a smaller selection, with about 1,573 tradeable symbols and 46 forex pairs. It also supports forex trading, crypto CFDs, and copy trading, but unlike Saxo it does not provide access to exchange-traded shares on U.S. or international markets. Based on range of investments, Saxo is rated 5 stars and ranked #3 out of 36 brokers, while Libertex is rated 4 stars and ranked #25.
| Feature |
Saxo
|
Libertex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 1573 |
| Forex Pairs (Total) | 192 | 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 make it easy to get started with a free demo account, and each offers both web-based trading and a Windows desktop platform. Both brokers also let you trade directly from a chart, which is helpful if you like acting quickly on market moves. In Trading Platforms and Tools, Saxo stands out more overall, earning 5 out of 5 stars and a #3 ranking out of 36 brokers from ForexBrokers.com, while Libertex is rated 4 out of 5 stars and ranks #27.
The biggest differences come down to platform choice and extra tools. Saxo has its own in-house platform, while Libertex does not, but Libertex adds copy trading plus both MetaTrader 4 and MetaTrader 5, which may appeal to traders who want familiar third-party software and social trading options. Saxo does not support copy trading or MetaTrader, so it may suit traders who prefer its own platform experience, while Libertex may be a better fit for those who want more platform variety.
| 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) | 64 | 43 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and Libertex both offer iPhone and Android apps, along with stock and forex price alerts and watchlist syncing between the mobile app and online account. That means traders can keep tabs on the market and stay organized across devices with either broker. In this area, both apps cover the basics well for everyday mobile trading.
Where Saxo pulls ahead is in charting and overall mobile features. Its app includes 64 technical studies, trendline drawing, and automatic saving of chart drawings, while Libertex does not offer these tools in its mobile app. That stronger feature set helps explain Saxo’s 5-star rating and #3 ranking for mobile trading apps, compared with Libertex’s 4-star rating and #28 ranking.
| 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 stands out for market research, with daily market commentary, top-tier forex news from sources like Bloomberg and Reuters, Autochartist tools, and a full economic calendar. It is also rated 5 out of 5 stars for research and ranked #1 out of 36 brokers by ForexBrokers.com, making it a strong choice for traders who want frequent updates and extra help spotting market ideas.
Libertex also gives traders access to top-tier forex news and an economic calendar, and it offers Trading Central tools plus a sentiment feature that shows long and short positioning. However, it does not provide daily market commentary or Autochartist, and it is rated 4 out of 5 stars for research, with a ForexBrokers.com ranking of #26 out of 36. Overall, Saxo has the edge for research depth, while Libertex still covers several key basics.
| 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 | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner-friendly education, Saxo clearly offers more for new traders than Libertex. Saxo provides forex and CFD learning content, regular online educational webinars, and a large library of videos for both beginners and experienced traders, including at least 10 beginner videos and 10 advanced videos. That depth shows in its Education score, where Saxo earns 5 out of 5 stars and ranks #12 out of 36 brokers on ForexBrokers.com.
Libertex has some educational material, but it falls behind Saxo in both variety and frequency. Based on the information provided, Libertex does not meet the marks for monthly educational webinars or the minimum video counts for beginners and advanced traders. Its Education rating is 4 out of 5 stars, and it places #35 out of 36 brokers in the category, making Saxo the stronger choice for traders who want more support while learning.
| 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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| Broker Gallery (click to expand) |
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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) | No | 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) | 192 | 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) - Spread-only account | 1.0 | N/A | |
| All-in Cost EUR/USD - Raw spread account | N/A | 1.3 | |
| Inactivity Fee | No | 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 (Deposit/Withdraw) | 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) | 64 | 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 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 | No | 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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