This contrast guide helps users who battle to select between Libertex and Saxo Bank to discover the very best online broker for their trading and financial investment demands. It assesses the highlights of the two brokers side by side to assist individuals compare their solution and make a notified decision.
To help customers pick the best broker in between Libertex and Saxo Bank to locate the best-suited platform, listed below is a checklist of broker’s benefits and drawbacks, adhered to by a contrast of their main trading attributes, consisting of trading systems & devices, charges, mobile trading, deposit & withdrawal, possessions, policy, and client support.
Libertex vs. Saxo Bank: Summary
Libertex is a CySEC-regulated forex and CFD broker founded in 1997. Users can trade on various assets, including stocks, cryptocurrencies, forex, metals, indices, agricultural products, oil, gas, ETFs, and options. Additionally, Libertex offers several long-term investing options, such as ‘real dividend-paying stocks’. Trading platforms include a proprietary platform and the full MetaTrader suite.
Libertex trading fees are average compared to other forex and CFD brokers. They charge 0% commission on CFD and stock trading and forex spreads from 0.2 pips (EUR/USD). The broker additionally charges withdrawal fees on selected payment methods but doesn’t charge inactivity fees.
Libertex customer support is available through email (info@libertex.com), phone (+357 22 025 100), and live chat in English.
Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.
If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.
Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.
Pros
- Low minimum deposit ($100)
- Low spreads from 0,2 pips (EUR/USD)
- MetaTrader 4 and 5 supported
- Algorithmic trading and Expert Advisors allowed
- No hidden fees or commissions
Cons
- cTrader not supported
- Limited selection of assets
- Lacks in-depth education and research material
Pros
- Industry leading market coverage
- Excellent Trading Features with SaxoTraderGo
- Advanced order type and account protection features
- Intuitive and easy to use mobile trading app
- Great education and research materials
- Competitive fee structure for active traders
Cons
- $10,000 minimum deposit for UAE users
- High time investment to set up
- Only for advanced traders
Key features
- Access to over 300 financial instruments
- Commission-free stock and CFD trading
- Low minimum deposit $100 (400 AED)
- Full MetaTrader suite (MT4 and MT5)
- Fast payouts for verified users
- Award-winning trading platform
Key features
- 40.000 tradable symbols available (crypto derivatives, forex options and futures)
- Advanced account protection and order types
- Fast execution of trades
- $2.000 minimum deposit
- “Best in class” educational resources
- Great ease of use level combined with advanced features
Libertex vs. Saxo Bank Comparison
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Libertex Review March 2024
Saxo Bank
69% of retail investor accounts lose money when trading CFDs with this provider.
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:30 | 1:20 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | Mql5.com | |
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | Depends on method | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 USD after 180 days of inactivity | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.1 | 1 |
| Stocks & ETF | 0 | 0.08% with $1 min. commission on US stocks |
| CFD (Gold) | 2 | $0.60 |
| Crypto | 0 | 0 |
| Options | 0 | $0.75 |
| Conversion Fees | 0 | 0,75% |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | 100 USD | $5000 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 116 | 30.000 |
| ETF & Funds | 0 | 5.800 |
| Crypto | 0 | 9 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 3.000 |
| Futures | 0 | 300 |
| Bonds | 0 | 4.200 |
| Forex Instruments | 53 | 200 |
| CFD Indices & Funds | 40 | 50 |
| CFD Stocks | 116 | 19.000 |
| CFD Commodities | 16 | 50 |
| CFD Crypto | 73 | 0 |
| CFD Bonds | 3 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Libertex vs. Saxo Bank Comparison Conclusion
The outcomes of our comparison of Libertex vs. Saxo Bank are involved the table listed below.
| Broker: | Best For: |
| Libertex | Stock and Crypto CFD trading |
| Saxo Bank | Premium Trades and CFD Trading |
Selecting the best selection in between Libertex and Saxo Bank can be challenging. Both on the internet brokers have similarities yet differ relating to trading tools, systems & apps, regulation, deposit & withdrawals, and research study and education and learning. Choosing the very best broker depends upon customers’ trading & financial investment goals, private choices, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.