Margin information

Review our margin requirements and other information related to margin trading with Saxo

Margin utilisation is a percentage of available funds reserved for maintaining margin positions. See details of how to calculate the margin utilisation here.

The margin of a single stock CFD is based on the stock rating. Saxo defines 6 different stock ratings. This rating is derived from the market capitalization, liquidity and volatility of the underlying asset.

A stock with rating 1 has margin of 10%. This means that this stock can be traded at 10:1 leverage.

Saxo RatingMargin
110%
215%
320%
430%
550%
6100%

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

View individual Stock CFD margins.

An Index CFD with an margin of 2.5% can be traded at 40:1 leverage.

Index CFDs margins (normal market conditions)

Index TrackerMargin
Australia 2003%
Germany 304%
US 5002.50%
US 30 Wall Street2.50%
US Tech 100 NAS2.50%
UK 1003%
Japan 2253%
Hong Kong5%
France 404%
Denmark 205%
Denmark 20 Capped5%
EU Stocks 504%
Belgium 205%
Germany Mid-Cap 505%
Netherlands 254%
Norway 255%
Sweden 305%
UK Mid 2505%
Germany Tech 305%
Italy 405%
South Africa 4010%
Portugal 2010%
Spain 355%
Switzerland 204%
Denmark 255%

 

Index CFDs margins (expiring)

Index TrackerMargin
China 5010%
India 5010%
Singapore10%
Taiwan10%
US20005%

The leverage available for Forex CFDs is either 50:1 or 25:1 equal to 2% or 4% in margin.

Instrument NameMargin
EURUSDEC2%
EURJPYRY4%
EURCHFRF4%
EURGBPRP5%
GBPUSDBP5%
AUDUSDAD4%
USDINDEX2%

A Commodity CFD with an initial margin of 10% can be traded at 10:1 leverage.

Instrument NameMargin
GOLD4%
SILVER5%
PLATINUM8%
PALLADIUM8%
COPPERUS4%
OILUS5%
OILUK5%
HEATINGOIL5%
GASOLINEUS5%
GASOILUK5%
NATGASUS10%
EMISSIONS10%
CORN5%
WHEAT5%
SOYBEANS8%
SUGARNY8%
COFFEENY8%
COCOANY8%
LIVECATTLE5%

A Bond CFD with an initial margin of 10% can be traded at 10:1 leverage.

Instrument NameMargin
BOBL1%
SCHATZ1%
BUND1%
10YOAT1%
10YBTP2%

By default retail margins rates will apply. You can choose to recategorize as an elective professional to take advantage of lower margins requirements*. To read more about the benefits of professional accounts and how to qualify, please click here.

To get an overview of the margin information for elective professionals please click here.

Collateral rates for margin trading

Saxo Markets allows a percentage of the investment in certain Stocks and ETFs to be used as collateral for margin trading activities. The collateral value of a stock or ETF position depends on the rating of the individual stocks or ETFs – please see conversion table below.

Rating
1
2
3
4
5
6
Collateral value of position
75%
50%
50%
25%
0%
0%

Example: 75% of the value of a position in a Stock or ETF with Rating 1 can be used as collateral (instead of cash) to trade margin products such as Forex, CFDs, Futures and Options. Please note that Saxo Markets reserves the right to decrease or remove the use of Stock or ETF investment as collateral for large position sizes, or stock portfolios considered to be of very high risk.

For a complete list of available stocks, ratings and collateral values, please click here.

For a complete list of available ETFs, ratings and collateral values, please click here.

Saxo Markets allows a percentage of the investment in certain bonds to be used as collateral for margin trading activities.

The collateral value of a bond position depends on the rating of the individual bond, as outlined below:

Rating definition*Collateral percentage
Highest Rating (AAA)95%
Very High Quality (AA)90%
High Quality (A)80%

 

* as rated internally by Saxo Bank

Example: 80% of the market value of a bond position with an A rating can be used as collateral (instead of cash) to trade margin products such as Forex, CFDs or Futures and Options.

Please note that Saxo Bank reserves the right to decrease or remove the use of bond positions as collateral.

For further guidance or to request the rating and collateral treatment of a specific or potential bond position, please send an email to fixedincome@saxobank.com or contact your account executive.

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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. Trading in leveraged products such as CFDs and Margin FX products may result in your losses surpassing your initial deposits. 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.

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