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Saxo Bank vs Libertex: 2023 Comparison

Franklin Carneiro da Silva| Updated: August 22, 2023

Are you confused about whether to choose Saxo Bank vs Libertex as a broker for your investing needs?

In this side-by-side comparison, we analyse Saxo Bank vs Libertex to help you understand how these apps compare on some of the most common features and make a better-informed decision about the best broker for you.

Below, you’ll find the pros and cons of each broker, as well as a comparison table that features the different fees charged, the financial instruments supported, the regulation, and more. Keep reading!

Saxo Bank vs Libertex: In a Nutshell

Saxo
Visit Saxo BankAsset 3
Ideal for
Advanced traders with a focus on reliability and security

Saxo Bank is a renowned online trading and investment bank that offers a wide range of financial services to individual and institutional clients.

Saxo Bank offers a range of trading platforms, including SaxoTraderGO and SaxoTraderPRO, providing clients with user-friendly and advanced options to access global markets.

Security is a paramount concern for Saxo Bank, which is evident through its strong regulatory oversight, encryption protocols, and segregated accounts.

libertex logo
Visit LibertexAsset 3
Ideal for
Traders focused on CFDs only

Libertex Broker is a popular online trading platform that offers a simplified and user-friendly trading experience to its clients.

The platform is designed to be intuitive and easy to navigate, making it suitable for both beginners and experienced traders.

The broker operates on a commission-based fee structure (spreads apply), with pricing that varies depending on the asset class and trading volume.

Pros and Cons

Saxo Bank

Pros

  • Excellent research materials
  • Outstanding trading platforms (SaxoTraderPRO and SaxoTraderGO)
  • Extensive range of investment products
  • Long track record
  • Supervised by worldwide top-tier regulators

Cons

  • High minimum deposit ($2,000)
  • Fees higher than average
  • Fee structure is complex
  • Does not accept US residents

Libertex

Pros

  • Access to MetaTrader 4 and 5
  • Low minimum deposit
  • Educational Materials
  • Readily available customer service

Cons

  • Low product offering (mostly CFDs)
  • Inactivity fee
  • Unavailable in major markets (Germany, France, Finland and others)

Saxo Bank vs Libertex: Side-by-side Comparison

Saxo
libertex logo
  •  
  • General Information
  • Founded in
  • Demo Account
  • Account Minimum
  • Interest on unninvested cash (annually)
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks
  • EU stocks
  • ETFs
  • Cryptocurrencies
  • Custody Fee
  • Inactivity Fee
  • Withdrawal Fee
  • Connectivity Fee
  • Currency Conversion Fee
  • Security
  • Regulators
  • Investor Compensation Scheme(per person, per institution)
  • Saxo BankAsset 3
  • General Information
  • Founded in1992
  • Demo Account
  • Account Minimum$0 to $10,000, depending on the country**$/€2,000 for international accounts; £500 (UK)
  • Interest on unninvested cash (annually)USD: Up to 4.31%; EUR: Up to 2.55%
  • Products
  • Stocks
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs
  • Leverage Products
  • Forex
  • Cryptocurrencies*Only 9 Crypto FX pairs
  • Commodities
  • Fees
  • US stocksFrom $0.01, $0.015 or $0.02 per share**Min. $1, $5 or $7, depending on account type: VIP, Platinum, Classic
  • EU stocksBetween 0.05% and 0.35%**Min. between €6 and €12 depending on exchange and account type
  • ETFsFrom $1**Depending on exchange and account type
  • Cryptocurrencies-
  • Custody FeeMin. $5**Between 0.05% and 0.15% depending on account type
  • Inactivity Fee£25 (UK) after one quarter of inactivity, $150 after 6 months of inactivity (International)
  • Withdrawal Fee€/$/£0
  • Connectivity Fee€/$/£0
  • Currency Conversion FeeBetween 0.3% and 1.0%**Depending on account type
  • Security
  • RegulatorsASIC, FSA, FCA, SFC, MAS, FINMA, DFSA.
  • Investor Compensation Scheme(per person, per institution)

    Depends on where the account is opened: up to €100,000 for cash and €20,000 for securities (Europe); up to £85,000 (UK); CHF 100,000 (Switzerland); HKD 500,000 (Hong Kong)

  • LibertexAsset 3
  • General Information
  • Founded in1997
  • Demo Account
  • Account Minimum€/$10
  • Interest on unninvested cash (annually)0%
  • Products
  • Stocks*Only under the European Subsidiary
  • ETFs
  • Bonds
  • Funds
  • Options
  • Futures
  • CFDs*On Stocks, ETFs, Crypto, Forex, Commodities, Options and others.
  • Leverage Products
  • Forex
  • Cryptocurrencies
  • Commodities
  • Fees
  • US stocks0%
  • EU stocksNot Applicable
  • ETFsNot Applicable
  • CryptocurrenciesNot Applicable
  • Custody Fee-
  • Inactivity Fee-
  • Withdrawal Fee-
  • Connectivity Fee-
  • Currency Conversion Fee-
  • Security
  • RegulatorsCySEC
  • Investor Compensation Scheme(per person, per institution)

    Up to €20,000 in assets and cash

Saxo Bank vs Libertex: Verdict

To summarise, here’s our verdict:

Saxo Bank Best for advanced traders with a focus on reliability and security
Libertex Best for traders focused on CFDs only

Choosing between these two online brokers isn’t always an obvious decision. The differences between Saxo Bank vs Libertex come from the trading platforms, products, fees, and security. Do you prefer a primary trading platform? Do you want to invest in ETFs only? Do you value security more?

Ultimately, the best online broker for you will depend on your profile, personal preferences, and objectives. Explore the websites above and decide for yourself!

Want to know more about Saxo Bank vs Libertex? Explore our in-depth broker reviews, comparison table, and finder tool.

Feel free to leave your comments and feedback in the comments below – we’re happy to help!

Franklin Carneiro da Silva
Co-Founder & Fintech Analyst

Franklin is a CFA Level III Candidate with 3 years of experience in Wealth Management as a Fund Research Analyst and the Host of the "Edge Over Hedge" YouTube Channel.

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