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 |
When comparing the commissions and fees of Saxo and Libertex (Forex Club), it's clear that Saxo stands out, especially for active and high-volume traders. Saxo offers excellent pricing with spreads in its Classic, Platinum, and VIP accounts as low as 0.9 pips. Notably, these accounts require minimum deposits of $0, $200,000, and $1,000,000 respectively, with options for tier upgrades through their loyalty program. Moreover, Saxo's VIP clients enjoy the industry's top-rated client experience, earning the #1 rank in 2024. Importantly, Saxo operates commission-free for most forex trades, except for a modest ticket fee on low volumes, making it an attractive option for traders maintaining larger account balances.
On the other hand, Libertex (Forex Club) does not provide average spread data, which could be a concern for traders seeking transparency in pricing. With a three-star rating out of five in the commissions and fees category, Libertex ranks 61st out of 62 brokers, significantly lower than Saxo's impressive 9th place. This discrepancy highlights Saxo's competitive edge in offering affordable and transparent trading conditions.
Overall, while Saxo may require higher minimum deposits for its premium accounts, it delivers outstanding pricing and services, especially for those who can leverage their loyalty program. Traders looking for more cost-effective trading solutions and superior client care may find Saxo to be a better choice compared to Libertex.
| 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) based on their range of investments, Saxo clearly stands out with an impressive offering of 70,000 tradeable symbols and 190 forex pairs, compared to Libertex's more modest selection of 300 tradeable symbols and 51 forex pairs.
| 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 provide a rich trading experience with their proprietary, in-house developed platforms, ensuring users have access to modern technology tailored to meet diverse trading needs. Whether you’re looking to simulate trading with a free virtual demo account or prefer trading on a Windows-based desktop platform, both brokers cater to these demands. Additionally, they support web-based trading, offering the flexibility to trade on-the-go. When it comes to the popular MetaTrader series, Saxo forgoes both MT4 and MT5, while Libertex offers MT4 compatibility, appealing to fans of this well-known trading platform.
For traders interested in copy trading, both brokers deliver this feature, broadening the trading possibilities. When it comes to charting tools, Saxo provides 20 drawing tools, while Libertex offers 30, enhancing the chart analysis experience. With the ability to trade directly from stock charts, both brokers streamline the trading process. However, Saxo stands out with 60 customizable columns for watch lists compared to Libertex's 7, allowing for comprehensive market monitoring. In terms of recognition, Saxo is rated 5 stars for Trading Platforms and Tools and is ranked #1 by ForexBrokers.com, whereas Libertex boasts a commendable 4-star rating, ranked at #50. Overall, both platforms cater to a broad range of trading needs, with subtle differences that could influence your choice based on individual preferences.
| 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 comparing the mobile trading apps of Saxo and Libertex (Forex Club), both cater to iPhone and Android users with applications that provide essential features such as stock and forex price alerts. These apps also support watchlist symbol syncing, allowing changes made on mobile to reflect on the online account and vice versa. For traders who rely heavily on technical analysis, Saxo offers a notable advantage with 64 technical studies in its charting tools compared to Libertex's 30. Both apps let users draw trendlines and view different time frames on charts, but only Saxo’s app automatically saves these drawings, enhancing convenience and continuity.
Furthermore, both platforms allow for the creation of watchlists with real-time quotes, keeping users updated with market changes. When it comes to ratings, Saxo outshines Libertex, achieving a 5-star rating for its mobile app, whereas Libertex earns 4 stars. This superior rating is echoed in their rankings by ForexBrokers.com, where Saxo secures the #2 spot out of 62 brokers, highlighting its exceptional user experience. In contrast, Libertex is ranked at #48, indicating a more average mobile trading environment. Overall, Saxo’s mobile app offers a more comprehensive and user-friendly trading experience in comparison to Libertex.
| 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 it comes to market research, Saxo stands out compared to Libertex (Forex Club) with its comprehensive offerings. Saxo provides daily market commentary, a feature missing from Libertex, giving traders insights into daily market movements. Both brokers offer forex news from reputable sources like Bloomberg and Reuters, ensuring traders have access to quality information. However, Saxo goes a step further by offering advanced technical analysis tools from Autochartist and a sentiment-based trading tool, which Libertex does not provide.
Both Saxo and Libertex offer economic calendars to keep traders informed about global news events. Despite some overlaps, Saxo's market research capabilities are highly rated, with a 5-star rating and a top ranking by ForexBrokers.com out of 62 brokers. In contrast, Libertex holds a 3-star rating and ranks significantly lower at #60. This comparison highlights Saxo's strong position in the market research category, offering a more comprehensive suite of tools and commentary that can benefit traders seeking in-depth market insights.
| 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 it comes to educational resources available to beginner traders, Saxo stands out in comparison to Libertex (Forex Club). Saxo offers a comprehensive suite of learning materials including over 10 educational pieces such as articles and videos dedicated to forex and CFD trading. They also provide regular monthly webinars and a helpful archive for re-watching past sessions, which is a resource not available with Libertex. Beginner traders can also benefit from Saxo's collection of videos tailored specifically for newcomers. Another invaluable tool is their investor dictionary, helping users get familiar with over 50 investing terms.
Conversely, Libertex meets the basic requirement by offering over 10 educational pieces for forex and CFD trading, yet they fall short in several other areas. They do not provide monthly webinars or a searchable webinar archive, which could be beneficial for reinforcing learned concepts. Although they do present advanced educational videos on trading, their selection for beginners is less robust compared to Saxo. Furthermore, Libertex lacks an investor dictionary to aid newcomers through industry terminology. These factors contribute to Saxo's higher educational rating of 5 out of 5 stars and a ranking of 13th out of 62 brokers by ForexBrokers.com, while Libertex is rated 3 stars and sits lower at the 57th position.
| 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 62 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 #60.
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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