Written by ForexBrokers.com
In this head to head comparison of Saxo vs Libertex (Forex Club), we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Established in 1992, Saxo is a reputable online broker known for its strong regulatory standing, holding a forex Trust Score of 99 as rated by ForexBrokers.com. As a bank, Saxo is highly regarded for its solid foundation, backed by seven Tier-1 licenses, which signify a high level of trust, and one Tier-2 license. These licenses reflect Saxo's commitment to providing secure and reliable services to its clients, ensuring that they are well-protected under top-tier regulatory jurisdictions.
Founded in 1997, Libertex (Forex Club) operates without the status of a bank and with a more moderate ForexBrokers.com Trust Score of 73. The broker is equipped with one Tier-1 license, highlighting an average level of regulatory assurance compared to industry standards, and it holds no Tier-2 licenses. Despite being a trusted entity within particular jurisdictions, Libertex's regulatory framework presents a higher risk profile relative to Saxo. Both brokers are privately held and not publicly traded on any stock exchange.
| Feature |
Saxo
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 1992 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 0 |
When it comes to comparing Saxo and Libertex (Forex Club) on the basis of commissions and fees, Saxo clearly stands out for its competitive pricing structure. Saxo caters to a variety of traders, offering different accounts such as Classic, Platinum, and VIP. Each account level comes with varying spreads, with Saxo's average spreads on the EUR/USD for Classic, Platinum, and VIP accounts being 1.1, 1.0, and 0.9 pips respectively as of November 2023. Additionally, Saxo provides low minimum spreads — 0.2 pips below the average — and charges no commission on forex trades unless the volume is below 50,000 units per month, where a $3 fee per side applies. Saxo's commission and fees structure earns it a high rating of 5 stars and a commendable 9th rank out of 63 brokers on ForexBrokers.com.
In contrast, Libertex (Forex Club) lacks available data on average spreads, which makes direct comparison challenging. However, when rated on commissions and fees, Libertex receives a lower rating of 3 stars and ranks 62nd among 63 brokers. This indicates that Libertex may not offer the same level of competitive pricing as Saxo, especially for active traders seeking to minimize costs. Those considering Libertex should evaluate whether the broker's offerings align with their trading needs, as it may not match the value Saxo provides in terms of commissions and fees.
Overall, Saxo's pricing structure is favorable for high-volume traders and those making substantial deposits, with premium accounts offering the most significant savings. Traders who maintain large balances can benefit from Saxo's loyalty rewards, enhancing their trading experience with lower costs. Conversely, Libertex does not provide the same level of transparency or competitive rates, which is reflected in its lower ranking and star rating. For individuals focusing on minimizing trading costs, Saxo is a more attractive option between the two.
| Feature |
Saxo
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | 0.9 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Saxo and Libertex (Forex Club) in terms of their available range of investments, Saxo stands out with an impressive offering. Saxo provides access to a staggering 70,000 tradeable symbols, which is significantly higher than Libertex's offering of 300. For those interested in forex trading, Saxo offers 190 forex pairs, compared to the 51 pairs available through Libertex. Additionally, Saxo allows clients to invest in exchange-traded securities on both U.S. and international exchanges, a feature not available with Libertex. Both platforms offer forex trading through CFDs or spot contracts, as well as the ability to trade cryptocurrency derivatives. However, neither allows for the purchase of actual cryptocurrencies.
When it comes to ratings for their range of investments, Saxo earns a top score of 5 stars, compared to Libertex's 3.5 stars. This difference in offering is further highlighted by their rankings on ForexBrokers.com, where Saxo is highly ranked at #3 out of 63 brokers, while Libertex sits at #53. Despite both brokers offering copy trading capabilities, Saxo's extensive range of investments and higher rankings make it a more comprehensive choice for investors seeking a wide array of trading opportunities.
| Feature |
Saxo
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 300 |
| Forex Pairs (Total) | 190 | 51 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When considering the online brokers Saxo and Libertex (Forex Club) for their trading platforms and tools, it's clear both offer a solid suite of options catering to a range of trader needs. Saxo stands out with its in-house developed platform, available both as a downloadable program on Windows and a web-based option, much like Libertex. Both brokers offer the benefit of simulated trading through free virtual demo accounts, allowing new users to practice without financial risk. For traders interested in copy trading, both Saxo and Libertex provide this feature, although Saxo does not support MetaTrader, while Libertex offers MT4—but not MT5. Neither broker supports DupliTrade or ZuluTrade. However, Saxo offers a more comprehensive charting experience with options to trade directly from stock charts and a notably higher number of columns for watch lists compared to Libertex.
In terms of specific tools, Saxo presents 20 drawing tools for charting, while Libertex provides 30, appealing to those who value detailed analysis. Nevertheless, when evaluated by ForexBrokers.com for their trading platforms and tools, Saxo is awarded a top rating of five stars, placing it first out of 63 brokers in this category. In comparison, Libertex garners four stars, placing it at the 50th position. Overall, both brokers offer competitive services, but Saxo excels in tool variety and user experience, likely leading to its superior ratings and rank.
| Feature |
Saxo
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 15 |
| Charting - Drawing Tools (Total) | 20 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Saxo and Libertex (Forex Club) offer comprehensive solutions on iPhone and Android platforms, allowing users to stay connected to the markets on the go. Each app provides key features such as stock and forex price alerts, the ability to view multiple time frames for chart analysis, and synchronizing watchlist symbols between mobile and online accounts. However, Saxo takes a clear lead in technical capabilities, offering 64 technical studies compared to Libertex's 30, and its ability to auto-save drawings on charts, while Libertex does not have this feature.
In terms of user experience and functionality, Saxo's mobile app is highly regarded, receiving a 5-star rating and ranking 2nd among 63 brokers according to ForexBrokers.com. Libertex, while still offering a strong platform, falls behind with a 4-star rating and 49th ranking. Both apps support creating watchlists with real-time quotes and allow users to draw trend lines on charts, but Saxo's advanced tools and smoother user experience make it a preferred choice for those seeking a more comprehensive mobile trading platform.
| Feature |
Saxo
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research tools available from Saxo and Libertex (Forex Club), it's clear that Saxo offers a more comprehensive suite. Saxo provides daily market commentary and ties into top-tier news sources like Bloomberg and Reuters, which are crucial for traders aiming for informed decisions. While both platforms offer an economic calendar to keep users updated on global events, Saxo additionally integrates with Autochartist for technical analysis and features a sentiment-based trading tool. These enhancements give Saxo an edge in presenting comprehensive market insights.
Libertex, while also offering forex news from trusted sources and providing an economic calendar, lacks several analytical tools found with Saxo, such as daily commentaries and Autochartist features. This difference in offerings is reflected in their ratings, with Saxo earning a top-tier five-star research rating and being ranked number one by ForexBrokers.com among 63 brokers. In contrast, Libertex sits at the lower end of the rankings with a three-star rating and a position of 61st. These distinctions make Saxo a preferred choice for traders who prioritize extensive market analysis.
| Feature |
Saxo
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners offered by Saxo and Libertex (Forex Club), there are several key differences that aspiring traders should consider. Saxo provides a comprehensive selection of educational materials, featuring over 10 articles, videos, and archived webinars focused on forex and CFDs. In addition, Saxo hosts monthly online educational webinars and maintains a searchable archive of their recorded sessions, catering to those who value ongoing learning opportunities. For those just starting, Saxo offers more than 10 beginner-oriented videos and an investor dictionary containing definitions for over 50 investing terms. With a top education rating of 5 stars and a rank of #13 out of 63 brokers by ForexBrokers.com, Saxo stands out as a strong choice for those keen on building a solid foundation in trading.
On the other hand, Libertex (Forex Club) also provides at least 10 educational resources focused on forex and CFDs, yet it falls short in several areas compared to Saxo. While it matches Saxo with advanced educational videos geared towards experienced traders, it lacks beginner-specific video content. Furthermore, Libertex does not offer monthly educational webinars or an archive of recorded sessions, and it does not include an investor dictionary. With a 3-star education rating and a ranking of #57, Libertex presents fewer educational resources for those new to trading, highlighting Saxo's more extensive offerings for beginners.
| Feature |
Saxo
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | 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 (Forex Club). Saxo finished with an overall rank of #3, while Libertex (Forex Club) finished with an overall rank of #61.
Saxo is an exclusive 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
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 73 |
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Both Saxo and Libertex (Forex Club) provide the ability to purchase cryptocurrency derivatives but do not offer the option to buy actual delivered cryptocurrencies.
In a head-to-head comparison of deposit and withdrawal options, Libertex (Forex Club) supports a wider range of methods, including ACH, SEPA, PayPal, and Skrill, while Saxo offers Visa, Mastercard, and bank wires, with both platforms supporting bank wires, but only Libertex offering ACH, SEPA, PayPal, and Skrill to boost user flexibility.
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 (Forex Club) | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | Saxo Review |
| Broker Screenshots | Saxo | Libertex (Forex Club) | |
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| Regulation | Saxo | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 99 | 73 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 0 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Libertex (Forex Club) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| 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 (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Saxo | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 300 | |
| Forex Pairs (Total) | 190 | 51 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | 0.9 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Saxo | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 15 | |
| Charting - Drawing Tools (Total) | 20 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Saxo | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Saxo | Libertex (Forex Club) | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Saxo Review |
| Overall | Saxo | Libertex (Forex Club) | |
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| Trust Score | 99 | 73 | |
| Winner | check_circle | ||
| Review | Saxo Review |
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