CFD Margins

Trading With Leverage

CFDs are traded on margin. This means that you are able to leverage your investment by opening positions of larger size than the funds you have to place as margin collateral. The margin is the amount reserved on your trading account to cover any potential losses from an open CFD position. It is possible that a loss may exceed the required margin. Margin requirements vary from instrument to instrument and can be changed at any time to reflect market conditions. For larger re-ratings or changing of margin requirements for very popular instruments clients will be notified in advance where possible. 

Intraday margin on selected Index Tracker CFDs is available to clients on request. The intraday margin requirement is reduced compared to the normal margin requirement and is applied during intraday trading hours. For more details on intraday margin and intraday trading hours, see the section below.  Margin requirements by CFD type and instrument are always listed under the CFD Trading Conditions on the trading platforms but can also be seen below.

Please note that Saxo Bank reserves the right to increase margin requirements for large position sizes, including client portfolios considered to be of very high risk.

Intraday Margin

Intraday margin which is available on selected CFD Index Trackers increases flexibility during the trading day. The Intraday margin is phased out in the minutes following expiry of the intraday trading hours applicable to the respective instrument. 

Example of Intraday Margin for Germany 30 (GER30.I)

The intraday trading hours can be found in the trading conditions section in the trading platforms. Please note that the intraday trading hours are subject to change and may be affected by early close of the underlying market due to holidays etc.

Intraday Margin is available upon request. Please contact your Account Manager or Service Center.

Index-Tracker CFDs

Index-tracking CFD margins (normal market conditions)

Index-Tracker Standard Margin Intraday Margin 1) Intraday Sitzung 2)
NORDAMERIKA
US 30 Wall Street
2,5% 1,25% 09:00 - 15:53
500 USD
2,5% 1,25% 09:00 - 15:53
US Tech 100 NAS
2,5% 1,25% 09:00 - 15:53
EUROPA, MITTLERER OSTEN & AFRIKA
Belgium 20
5,0% Nicht zutreffend  
Denmark 20
5,0% Nicht zutreffend  
EU Stocks 50
3,0% 1,5% 09:00 - 17:28
France 40
3,0% 1,5% 09:00 - 17:28
Germany 30
3,0% 1,5% 09:00 - 17:28
Germany Mid-Cap 50
5,0% Nicht zutreffend  
Germany Tech 30
5,0% Nicht zutreffend  
Italy 40
5,0% Nicht zutreffend  
Netherlands 25
3,0% Nicht zutreffend  
Norway 25
5,0% Nicht zutreffend  
Portugal 20
10,0% Nicht zutreffend  
South Africa 40
10,0% Nicht zutreffend  
Spain 35
5,0% 2.5% 09:00 - 17:28
Sweden 30
5,0% Nicht zutreffend  
Switzerland 20
3,0% 1,5% 09:00 - 17:18
UK 100
3,0% 1,5% 08:00 - 16:28
UK Mid 250
5,0% Nicht zutreffend  
ASIA / PACIFIC
Australia 200
3,0% Nicht zutreffend  
Japan 225
3,0% Nicht zutreffend  
Hong Kong
5,0% Nicht zutreffend  

 Index-tracking CFD Kontraktdetails (auslaufend)

Index-Tracker Standard Margin Intraday Margin 1) Intraday Sitzung 2)
China 50
10,0% Nicht zutreffend
India 50
10,0% Nicht zutreffend
Singapore
10,0% Nicht zutreffend
Taiwan
10,0% Nicht zutreffend
US2000
5,0% Nicht zutreffend

1) Intraday Margin ist auf Anfrage verfügbar. Kontaktieren Sie bitte Ihren Kundenberater oder das Service Center.

2) Die Handelszeiten sind in den Lokalzeiten der jeweiligen Börse angegeben. Während eines Zeitfensters von zwei Minuten nach Börsenschluss der Intraday Session kehrt die Margin zur Standardmargin zurück.


Single Stock CFDs

We have sorted our more than 8,800 online tradable CFDs in 8 different margin groups. Which margin group a CFD falls into depends on the market capitalisation, liquidity and volatility of the underlying asset. The leverage available on Single Stock CFDs begin at 10:1 which corresponds to only 10% margin.

Rating Margin requirement
1 10%
2 20%
3 40%
4 80%
5 100%

Find your local stock in the link below and see what Margin Rating it has. 

View individual Single Stock CFD margins

Commodity CFDs
Instrument Name Symbol Margin Requirement Leverage
METALS
Gold GOLD 4% 25:1
Silver SILVER 8% 12.5:1
Platinum PLATINUM 8% 12.5:1
Palladium PALLADIUM 8% 12.5:1
US Copper COPPERUS 4% 25:1
ENERGY
US Crude OILUS 5% 20:1
UK Crude OILUK 5% 25:1
Heating Oil HEATINGOIL 4% 25:1
Gasoline US GASOLINEUS 8% 12.5:1
Gas Oil GASOILUK 8% 12.5:1
US Natural Gas NATGAS 8% 12.5:1
CO2 Emissions EMISSIONS 8% 12.5:1
AGRICULTURE
Corn CORN 5% 20:1
Wheat WHEAT 5% 20:1
Soybeans SOYBEANS 5% 20:1
SOFTS
NY Sugar No. 11 SUGARNY 5% 20:1
NY Coffee COFFEE 5% 20:1
NY Cocoa COCOA 5% 20:1
MEATS
Live Cattle LIVECATTLE 5% 20:1
Bond CFDs
Leverage Margin Requirement Product/Instrument
100:1 1% German Government 5 year Bobl
German Government 2 year Schatz
100:1 1% German Government 10 year Bund
100:1 1% French Government 10 year OAT
50:1 2% Italian Government 10 year BTP
Devisen-CFDs

Die Hebelwirkung für Forex CFDs ist entweder 50: 1 oder 25: 1, gleich 2% oder 4% in Margin.

Bezeichnung des Instruments Symbol Margenanforderung Hebel
WÄHRUNGEN
Euro /
US-Dollar
EURUSDEC 2% 50:1
Euro /
Japanischer Yen
EURJPYRY 2% 25:1
Euro /
Schweizer Franken
EURCHFRF 4% 25:1
Euro /
Britisches Pfund
EURGBPRP 2% 50:1
Britisches Pfund /
US-Dollar
GBPUSDBP 2% 50:1
Australischer Dollar /
US-Dollar
AUDUSDAD 4% 25:1
USD Index USDINDEX 2% 50:1

ETF / ETC CFDs

See under 'Single Stock CFDs'.

Risk Warning

Margin Trading carries a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary. 

Updated 08 August, 2016

Ihr Browser kann diese Website nicht richtig anzeigen.

Unsere Website ist für die Nutzung mit dem Betriebssystem iOS 9.X oder mit Desktop IE 10 oder einer neueren Version optimiert. Falls Sie ein/en älteres/n System oder Browser benutzen, kann die Website nicht optimal angezeigt werden. Um Ihre Erfahrung auf unserer Website zu verbessern, aktualisieren Sie bitte Ihr/en Browser oder System.