CFD Spreads And Commissions

Index Tracker CFD spreads

Index-tracking CFD contract details (continuous)

Index Tracker Spread(1) Standard Spread(1) Active(5) Value of one contract(2) Trading Hours(3)

North America

US Tech 100 NAS 1.0 0.5 USD 1 18:01 - 16:00
US 30 Wall Street 3.0 2.0 USD 1 18:01 - 16:00
US 500 0.9 0.4 USD 1 18:01 - 16:00


Europe / Middle East / Africa

Belgium 20 13 12 EUR 1 09:10 - 17:25
Denmark 20 2.5 0.75 DKK 1 09:10 - 16:55
EU Stocks 50 2.0 1.75 EUR 1 08:01 - 21:55
France 40 2.0 1.0 EUR 1 08:01 - 21:55
Germany 30 1.5 1.0 EUR 1 08:01 - 21:55
Germany Mid-Cap 50 15 7.0 EUR 1 09:10 - 17:25
Germany Tech 30 4.5 4.0 EUR 1 09:10 - 17:25
Italy 40 12 * 11 * EUR 1 09:01 - 17:30
Netherlands 25 0.25 0.18 EUR 1 08:01 - 21:55
Norway 25 1.0 0.8 NOK 1 09:10 - 16:15
Portugal 20 25 15 EUR 1 08:10 - 16:25
South Africa 40 10 7.0 ZAR 1 08:31 - 17:25
Spain 35 8.0 4.8 EUR 1 08:01 - 19:55
Sweden 30 0.65 0.45 SEK 1 09:01 - 17:24
Switzerland 20 3.0 1.75 CHF 1 08:01 - 21:55
UK 100 1.0 0.85 GBP 1 01:01 - 20.55
UK Mid 250 44 40 GBP 1 08:10 - 16.25

Asia / Pacific

Australia 200 1.5 1.4 AUD 1 09:51 - 06:55 (3)
Hong Kong 12 10 HKD 1 09:16 - 00:55 (3)
Japan 225 12 8.0 JPY 1 08:31 - 05:40 (3)



Index-tracking CFD contract details (expiring)

Index Tracker Name Spread Mark up(4) Standard Spread Mark up(4) Active(5) Value of one contract(2) Trading Hours(3)
US2000 0.5 0.40 USD 1 20:01 - 16:00
China 50 12 11 USD 1 09:01 - 01:55
India 50 4.0 3.0 USD 1 09:01 - 01:55
Singapore 0.30 0.20 SGD 1 08:31 - 01:55
Taiwan 0.40 0.30 USD 1 08:46 - 01:55

* Italy 40: Italian derivatives are subject to Italian Financial Transaction Tax (Stamp duty) which is applied for both buys and sells. Click here for more information about the Italian Financial Transaction Tax (IFTT). Also, an additional charge of 2 bps. (0.02%) of the trade amount is applied, to cover Saxo Bank’s increased cost of execution and hedging due to IFTT.

(1) Spreads: the spreads indicated are minimum spreads and depend on the spread of the underlying futures contract. If the underlying future trades at a spread that is larger than the minimum spread, the Index spread will be increased with the additional spread from the future. Example: Germany 30 normal spread is 1.5 index points if the future spread is 0.5 indicating normal conditions. If the liquidity is low in the future and the spread is 1, the Index spread will be 1.5 + (1 - 0.5) = 2.

(2) PointValue of one contract: this is the currency risk you incur with one Stock Index CFD contract. The increment of risk is also one currency unit (i.e. you can increase your position by increments of one index). There is no minimum commission for Stock Index CFD traders.

(3) Trading hours are stated in the local hours of the underlying exchange - please note that the Hong Kong Index trading session has a mid-session break between 12:00-13:00 and an evening break between 16:10-17:01, the trading session in Japan 225 has a break between 15:20 and 16:16 and the Australia 200 there is a break between 16:25 and 17:11. For CHINA50 there is a mid-session break between 15:55 and 16:41. For INDIA50 there is a mid-session break between 18:05 and 19:16.For SINGAPORE there is a mid-session break between 17:10 and 18:16. For TAIWAN there is a mid-session break between 13:45 and 14:36.

(4) Expiring CFD Index Trackers trade on the spread of the underlying Future plus a small mark up.

(5) For Active pricing see section in the bottom of this page

Single Stock and ETF CFD Commissions
Exchange name Symbol Commission Standard Commission Active*

North America & Canada

NASDAQ NASDAQ & NSC 0.02 USD/share
(min 20 USD)
from 6 USD (1)
New York Stock Exchange NYSE & ARCA 0.02 USD/share
(min 20 USD)
from 6 USD (1)
NYSE MKT AMEX 0.02 USD/share
(min 20 USD)
from 6 USD (1)
Toronto Stock Exchange TSE 0.03 CAD/share
(Min 25 CAD)
0.0225 CAD /share
(min 15 CAD)


Europe / Middle East / Africa

Athens Exchange AT 0.30%
(min 12 EUR)
0.1175% (+0.1325%)
(min 10 EUR)
BME Spanish Exchanges SIBE 0.10%
(min 12 EUR)
from 9 EUR (2)
Budapest Stock Exchange BUX 0.50%
(min 6,000 HUF)
0.30%
(min 5,000 HUF)
Deutsche Börse (XETRA) FSE 0.10%
(min 12 EUR)
from 9 EUR (3)
Irish Stock Exchange ISE 0.10%
(min 12 EUR)
0.06%
(min 9 EUR)
Johannesburg Stock Exchange JSE 0.25%
(min 100 ZAR)
0.15%
(min 80 ZAR)
London Stock Exchange LSE_SETS 0.10%
(min 8 GBP)
from 8 GBP (4)
London Stock Exchange (IOB) LSE_INTL 0.10%
(min 20 USD)
0.05%
(min 10 USD)
Milan Stock Exchange MIL 0.19%
(min 15 EUR)
from 9 EUR
(+0.07%) (3)
NASDAQ OMX Copenhagen CSE 0.10%
(min 65 DKK)
0.05%
(min 50 DKK)
NASDAQ OMX Helsinki HSE 0.10%
(min 10 EUR)
0.05%
(min 7 EUR)
NASDAQ OMX Stockholm SSE 0.10%
(min 65 SEK)
0.05%
(min 55 SEK)
NYSE Euronext Amsterdam (AEX) AMS 0.09%
(min 5 EUR)
from 12 EUR (2)
NYSE Euronext Brussels BRU 0.10%
(min 12 EUR)
0.05%
(min 8 EUR)
NYSE Euronext Lisbon LISB 0.10%
(min 12 EUR)
0.05%
(min 8 EUR)
NYSE Euronext Paris PAR 0.10%
(min 12 EUR)
from 9 EUR (2)
Oslo Stock Exchange OSE 0.10%
(min 65 NOK)
0.07%
(min 55 NOK)
Prague Stock Exchange PRA 0.25%
(min 500 CZK)
0.22%
(min 400 CZK)
SIX Swiss Exchange SWX & VX 0.10%
(min 18 CHF)
from 11 CHF (5)
Vienna Stock Exchange VIE 0.10%
(min 12 EUR)
0.09%
(min 12 EUR)
Warsaw Stock Exchange WSE 0.25%
(min 65 PLN)
0.22%
(min 60 PLN)


Asia / Pacific

Australian Securities Exchange ASX 0.10%
(min 8 AUD)
0.05%
(min 6 AUD)
Hong Kong Exchanges HKEX 0.25%
(min 90 HKD)
0.102% (+0.108%)
(min 80 HKD)
Singapore Exchange SGX-ST 0.20%
(min 17 SGD)
0.14% (+0.04%)
(min 15 SGD)
Tokyo Stock Exchange TYO 0.15%
(min 1,000 JPY)
0.08%
(min 600 JPY)

* For active pricing see section in the bottom of this page

(1) NASDAQ, NYSE & NYSE ARCA: The flat fee apply up to a trade size of 1,000 shares, above the threshold the commission is 0.007 USD/share
(2) BME, NYSE Euronext Amsterdam**) and Paris: The flat fee apply up to a trade size of EUR 20,000, above the threshold the commission is 0.05%
(3) Deutsche Börse (XETRA) and Milan Stock Exchange: The flat fee apply up to a trade size of EUR 30,000, above the threshold the commission is 0.05%
(4) London Stock Exchange: The flat fee apply up to a trade size of GBP 30,000, above the threshold the commission is 0.05%.
(5) SIX Swiss Exchange: The flat fee apply up to a trade size of CHF 30,000, above the threshold the commission is 0.05%

Commodity CFD spreads

Commodity CFDs are over-the-counter products with a price established by Saxo Bank as the Futures market spread plus a fixed mark-up. The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

Contract Details:


Instrument Name Symbol Spread Minimum Standard Spread Minimum Active (1) Min. trade size Trading hours (2) Expiry date

METALS

Gold GOLD 0.60 0.50 1 18:01-17:00 FND -2
Silver SILVER 3.5 2.5 25 18:01-17:00 FND -2
Platinum PLATINUM 1.70 1.10 1 18:02-17:00 FND -2
Palladium PALLADIUM 1.75 1.05 1 18:01-17:00 FND -2
US Copper COPPERUS 0.55 0.45 500 18:01-17:00 FND -2


ENERGY

US Crude OILUS 0.05 0.03 25 18:01-17:00 LTD -2
UK Crude OILUK 0.05 0.03 25 01:01-22:55 (3) LTD -2
Heating Oil HEATINGOIL 0.35 0.25 500 18:01-17:00 LTD -2
Gasoline US GASOLINEUS 0.25 0.17 500 18:01 – 17:00 LTD -2
Gas Oil GASOILUK 1.25 0.75 1 01:01 – 21:55 LTD -2
US Natural Gas NATGASUS 0.017 0.011 200 18:01 – 17:00 LTD -2
CO2 Emissions EMISSIONS 0.07 0.05 25 07:01 – 17:00 LTD -2


AGRICULTURE

Corn CORN 1.25 0.75 200 19:01 – 13:20 FND -2
Wheat WHEAT 2.25 1.75 200 19:01 – 13:20 FND -2
Soybeans SOYBEANS 1.75 1.25 200 19:01 – 13:20 FND -2


SOFTS

NY Sugar No. 11 SUGARNY 0.05 0.03 5,000 03:31 – 13:00 LTD -2
NY Coffee COFFEENY 0.45 0.35 1,000 04:16 – 13:30 FND -2
NY Cocoa COCOANY 9.0 5.0 1 04:46 – 13:30 FND -2


MEATS

Live Cattle LIVECATTLE 0.175 0.125 2,000 08:31 – 13:05 LTD -2
FND= First Notice
LTD= Last trading

(1) For active pricing see section in the bottom of the page
(2) Trading hours are stated in the local hours of the underlying exchange
(3) Trading hours Fridays are 01:01 to 22:00

Forex CFD spreads

Forex CFDs are over-the-counter products with a price established by Saxo Bank as the Futures market spread plus a fixed mark-up.
The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

Contract details

Instrument Name Symbol Spread Mark up
Standard
Spread Mark up
Active(1)
Min. trade size Trading hours(2) Expiry Expiry Time
Euro / US Dollar EURUSDEC 0.0002 0.00018 5,000 17:00-16:00 FND -3 10:00 CST
Euro / Japanese Yen EURJPYRY 0.03 0.02 5,000 17:00-16:00 FND -3 10:00 CST
Euro / Swiss Franc EURCHFRF 0.0002 0.0002 5,000 17:00-16:00 FND -3 10:00 CST
Euro / British Pound EURGBPRP 0.00025 0.0002 5,000 17:00-16:00 FND -3 10:00 CST
British Pound / US Dollar GBPUSDBP 0.0003 0.00025 5,000 17:00-6:00 FND -3 10:00 CST
Australian Dollar / US Dollar AUDUSDAD 0.0003 0.0002 5,000 17:00-16:00 FND -3 10:00 CST
USD Index USDINDEX 0.010 0.008 100 20:00-17:00 LTD -2 11:00 EST
FND= First Notice; LTD = Last trading

(1) For active pricing see section in the bottom of this page
(2) Trading hours are stated in the local hours of the underlying exchange

Bond CFD spreads

Bond CFDs are over-the-counter products with a price established by Saxo Bank as the Futures market spread plus a fixed mark-up. 

The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

Contract details


Instrument Name Symbol Spread Minimum Standard Spread Minimum Active Min. trade size Trading hours
German Government
10 year Bund
BUND 0.03 0.02 50 CFDs 08:01-21:55
German Government
5 year Bobl
BOBL 0.03 0.02 50 CFDs 08:01-21:55
German Government
2 year Schatz
SCHATZ 0.015 0.01 50 CFDs 08:01-21:55
Italian Government
10 year BTP
10YBTP 0.05 0.03 50 CFDs 08:01-18:55
French Government
10 year OAT
10YOAT 0.05 0.03 50 CFDs 08:01-18:55
Active pricing

If you are an Active Trader within equity and equity-related products, Saxo offers you some of the lowest rates in the market.
In order to qualify for Equity Active Trader rates you need to place at least 100 trades per calendar month, within any of the following instruments:

  • Stocks
  • ETFs/ETC
  • Single Stock CFDs

Please note the following:

  • The Active pricing may vary from the prices shown above depending on your country of residence.
  • If the required monthly activity is not fulfilled, standard rates will apply the following month.
  • You can familiarise yourself with the relevant terms of our Active Equity pricing in the FAQ section.

Updated 23 June 2016

Upozornění na rizika spojená s CFD

CFD jsou kategorizovány jako červený produkt, protože jsou považovány za investiční produkt s vyšší komplexností a vysokým rizikem.


Po dánských bankách je vyžadováno, aby kategorizovaly investiční produkty nabízené retailovým zákazníkům podle komplexnosti a rizika produktu jako: zelené, žluté nebo červené.