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.
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.
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 |
Saxo vs. Libertex (Forex Club): for commissions and fees, Saxo earns 5/5 stars and ranks #9 out of 63 brokers at ForexBrokers.com, while Libertex (Forex Club) earns 3/5 stars and ranks #63/63. Saxo is known for competitive pricing—especially for active, high-volume traders and clients with larger balances—whereas Libertex does not publish average spread data, making apples-to-apples cost comparisons harder.
Saxo’s forex trading is commission‑free (spread-only), with one exception: traders executing less than 50,000 units per month pay a $3 per side ticket fee. As of November 2023, Saxo’s average EUR/USD spreads were 1.1 pips (Classic), 1.0 pips (Platinum), and 0.9 pips (VIP); minimums were roughly 0.2 pips lower (e.g., 0.9 pips on Classic). Platinum and VIP pricing sits closer to the industry average than Classic, yet overall costs can be very sharp for active users. Saxo also waives custody fees on share trading if you opt into securities lending.
Account tiers influence pricing access: Classic has a $0 minimum deposit; Platinum requires $200,000 (AUD 300,000 for forex traders in Australia) or an upgrade via loyalty points (e.g., about $40M in FX volume for a 12‑month Platinum upgrade); VIP targets elite clients with a $1,000,000 deposit or roughly $167M in FX volume for a one‑year upgrade. Saxo also won the 2024 award for #1 VIP Client Experience, which can matter if you qualify for the deepest pricing and premium services.
| 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 [DELETED] | ||
| Non-wire bank transfer | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) [DELETED] | ||
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Saxo vs Libertex (Forex Club): both brokers support forex trading via CFDs or spot, and each offers copy trading. Saxo stands out for scale, with about 70,000 tradeable instruments and 190 currency pairs, while Libertex lists around 300 symbols and 51 pairs. For crypto, neither broker lets you buy actual coins, but both provide cryptocurrency derivatives.
When it comes to exchange-traded securities (non-CFDs), Saxo lets clients buy and own shares on both U.S. and international exchanges; Libertex does not offer exchange-traded stocks on either. Reflecting the difference in market access, ForexBrokers.com rates Saxo 5/5 and ranks it 3rd out of 63 for Range of Investments, while Libertex earns 3.5/5 and ranks 54th.
| 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.
Saxo and Libertex (Forex Club) both cover the basics well: each offers a free demo account for paper trading, a proprietary platform, Windows desktop and web platforms, copy trading, and the ability to place trades straight from a chart. The key split is MetaTrader support—Libertex offers MT4, while Saxo does not, and neither broker supports MT5. If you need MT4 compatibility, Libertex fits; if you prefer an in-house platform experience, Saxo stands out.
For Trading Platforms and Tools, ForexBrokers.com rates Saxo 5 stars and ranks it #1 out of 63 brokers, while Libertex earns 4 stars and ranks #51. In short, Saxo is the stronger pick for platform quality and built-in tools, whereas Libertex is appealing if MT4 access is a must alongside web and desktop trading with copy trading features.
| Feature |
Saxo
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading 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 [DELETED] | ||
| ZuluTrade [DELETED] | ||
| Charting - Indicators / Studies (Total) | 64 | 15 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields [DELETED] |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and Libertex (Forex Club) both offer mobile trading apps for iPhone and Android. Each app supports price alerts for stocks and forex, real-time watchlists, and syncing watchlists between the app and your online account. Both platforms also let you draw trendlines on charts, making it easy to mark key levels on the go.
Where they differ is depth of charting and saved work. Saxo’s mobile charts include 64 technical studies versus 30 with Libertex, and Saxo auto-saves your chart drawings while Libertex does not. In testing by ForexBrokers.com, Saxo’s mobile app earned 5 stars and placed #2 out of 63 brokers for Mobile Trading Apps; Libertex received 4 stars and placed #50. If you want richer indicators and saved annotations, Saxo stands out; if you only need core alerts and watchlists, Libertex covers the basics.
| Feature |
Saxo
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | ||
| Mobile Charting - Trendlines Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Saxo stands out for market research, earning 5 stars and the #1 spot out of 63 brokers, while Libertex (Forex Club) holds 3 stars and ranks #62. Both brokers stream forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, but only Saxo provides daily market commentary.
On tools, Saxo includes Autochartist for trading ideas and a sentiment tool that shows the ratio of long vs. short positions. Neither broker offers Trading Central. Both provide an economic calendar. Saxo does not include TipRanks or Acuity Trading; Libertex’s access to TipRanks or Acuity Trading is not specified. If you value frequent insights and built-in analysis, Saxo offers a fuller research suite, while Libertex covers the basics with news and a calendar.
| 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 |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing Saxo and Libertex (Forex Club) on education, Saxo stands out. Saxo runs client webinars at least once a month and provides 10+ beginner-focused trading videos, which can make getting started with forex and CFDs easier. Libertex does not host monthly client webinars and does not reach the 10-video mark for beginner content, though it does offer 10+ advanced videos—same as Saxo—for traders who already have experience. Based on ForexBrokers.com’s scoring, Saxo earns 5/5 stars for Education and ranks #13 out of 63 brokers, while Libertex earns 3/5 stars and ranks #58.
Some details were not specified in the source data: whether either broker meets the threshold of 10+ total forex/CFD education pieces, whether they maintain a searchable archive of past webinars, and whether they provide an investor dictionary with 50+ terms. If you’re new and want ongoing live guidance and a sizeable set of beginner videos, Saxo is the safer pick; if you mainly want advanced video lessons, both brands can work, with Saxo still edging out Libertex overall in independent rankings.
| Feature |
Saxo
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | ||
| Webinars | Yes | No |
| Client Webinars (Archived) [DELETED] | ||
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) [DELETED] |
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.
For deposit and withdrawal funding methods, Saxo supports bank wire transfers only, while Libertex (Forex Club) also offers ACH/SEPA, PayPal, and Skrill alongside bank wires.
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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| Broker Gallery (click to expand) |
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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 | ||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| 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 | |
| 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 | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | Yes |
| Trading Platforms | Saxo | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Desktop Trading 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 |
| Trading Tools | Saxo | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 15 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - 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 | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | Libertex (Forex Club) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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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