ASIC Product Intervention Power

Effective from 29 March 2021, several changes will apply to how Australian retail clients trade CFDs, per ASIC’s Product Intervention Order – Contracts for Difference Instrument 2020/986.

With SAXO, the impact on your CFD trading conditions will be limited due to the responsible leverage levels we already offer on our CFD product. We are working to ensure a smooth transition for you but appreciate that you may have questions so please feel free to contact us to discuss this further.

What are the changes to Retail CFD trading

Restrict CFD leverage offered to retail clients to a maximum ratio

Swipe left or right for more
CategoryInstrumentCurrent leverageEffective from 29 March 2021
Major currency pairAny two of the Australian dollar, British pound, Canadian dollar, Euro, Japanese yen, Swiss franc and US dollar;50:130:1
Minor currency pairAny currency pair that is not a major currency pair;50:120:1
Major stock market indexCAC 40, DAX, Dow Jones Industrial Average, EURO STOXX 50 Index, FTSE 100, NASDAQ-100 Index, NASDAQ Composite Index, Nikkei Stock Average, S&P 500 and S&P/ASX 200;40:120:1
Minor stock market indexAny stock market index that is not a major stock market index.40:110:1
Single stockCFD on single stock10:15:1
CommodityMetal - Gold25:120:1
CommodityCommodity CFDs except Gold25:110:1
Saxo is introducing new margin methodology, negative balance protection and more from 17 March 2021
  • Margin close-out protection

    Standardise CFD issuers’ margin close-out arrangements that act as a circuit breaker to close-out one or more a retail client’s CFD positions before all or most of the client’s investment is lost.

  • Negative balance protection

    Protect against negative account balances by limiting a retail client’s CFD losses to the funds in their CFD trading account.

  • Prohibition on inducements

    Prohibit giving or offering certain inducements to retail clients.

  • What are the changes to professional/wholesale CFD trading

    The new ASIC regulations apply only to Retail clients so does not affect Professional / Wholesale clients.

    See the information on Professional / Wholesale clients 

  • Saxo’s voice: When you succeed, we succeed

    Our interests are aligned with yours. We are proud to be at the forefront of regulatory reform to promote  greater transparency and fairness in trading. We will always advocate for the best interests of our clients. 

    See why SAXO is your best choice

Saxo Capital Markets (Australia) Limited
Suite 1, Level 14, 9 Castlereagh St
Sydney NSW 2000

Contact Saxo

Select region


The Saxo trading platform has received numerous awards and recognition. For details of these awards and information on awards visit

Saxo Capital Markets (Australia) Limited ABN 32 110 128 286 AFSL 280372 (‘Saxo’ or ‘Saxo Capital Markets’) is a wholly owned subsidiary of Saxo Bank A/S, headquartered in Denmark. Please refer to our General Business Terms, Financial Services Guide, Product Disclosure Statement and Target Market Determination to consider whether acquiring or continuing to hold financial products is suitable for you, prior to opening an account and investing in a financial product.

Trading in financial instruments carries various risks, and is not suitable for all investors. Please seek expert advice, and always ensure that you fully understand these risks before trading. Saxo Capital Markets does not provide ‘personal’ financial product advice, any information available on this website is ‘general’ in nature and for informational purposes only. Saxo Capital Markets does not take into account an individual’s needs, objectives or financial situation. The Target Market Determination should assist you in determining whether any of the products or services we offer are likely to be consistent with your objectives, financial situation and needs.

Apple, iPad and iPhone are trademarks of Apple Inc., registered in the US and other countries. AppStore is a service mark of Apple Inc.

The information or the products and services referred to on this website may be accessed worldwide, however is only intended for distribution to and use by recipients located in countries where such use does not constitute a violation of applicable legislation or regulations. Products and Services offered on this website is not intended for residents of the United States and Japan.

Please click here to view our full disclaimer.