Bonds pricing

Find details of our competitive bond commissions for online and offline trading.

Commissions

We have three tier pricing tiers. Receive lower prices as you trade more, discover our Platinum and VIP tiers.
Learn more about our account tiers

Bond typeClassicPlatinumVIP
Euronext Paris Bonds
0.2% min. 20 EUR
0.1% min. 20 EUR
0.05% min. 20 EUR
Bonds US Government
0.2% min. 20 EUR
0.1% min. 20 EUR
0.05% min. 20 EUR
Bonds US Corporate - High Yield
0.2% min. 20 EUR
0.1% min. 20 EUR
0.05% min. 20 EUR
Bonds APAC Dual Currency
0.2% min. 20 EUR
0.1% min. 20 EUR
0.05% min. 20 EUR
Borsa Italiana MOT Bonds
0.2% min. 20 EUR
0.1% min. 20 EUR
0.05% min. 20 EUR
Bonds CEEMEA Hard Currency
0.2% min. 20 EUR
0.1% min. 20 EUR
0.05% min. 20 EUR
Luxembourg Bonds Euro MTF
0.2% min. 20 EUR
0.1% min. 20 EUR
0.05% min. 20 EUR
Bonds APAC Local Currency
0.2% min. 20 EUR
0.1% min. 20 EUR
0.05% min. 20 EUR
Bond type
Classic
0.2% min. 20 EUR
Platinum
0.1% min. 20 EUR
VIP
0.05% min. 20 EUR
Classic
0.2% min. 20 EUR
Platinum
0.1% min. 20 EUR
VIP
0.05% min. 20 EUR
Classic
0.2% min. 20 EUR
Platinum
0.1% min. 20 EUR
VIP
0.05% min. 20 EUR
Classic
0.2% min. 20 EUR
Platinum
0.1% min. 20 EUR
VIP
0.05% min. 20 EUR
Classic
0.2% min. 20 EUR
Platinum
0.1% min. 20 EUR
VIP
0.05% min. 20 EUR
Classic
0.2% min. 20 EUR
Platinum
0.1% min. 20 EUR
VIP
0.05% min. 20 EUR
Classic
0.2% min. 20 EUR
Platinum
0.1% min. 20 EUR
VIP
0.05% min. 20 EUR
Classic
0.2% min. 20 EUR
Platinum
0.1% min. 20 EUR
VIP
0.05% min. 20 EUR

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The prices above are indicative and will vary according to the country of residency. A full overview of exact pricing is available through the platform trade tickets.

For US government bonds there is an additional external execution fee of 0.0004% embedded in the price. Similar prices apply to other local bonds

More information

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 Markets

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.

Saxo supports 2,500 bonds offline, so there is a good chance that it can be traded offline from our bond desk. Please contact Saxo to enquire about the possibility of trading the specific bond offline. If so, it will be manually traded, but will still appear in the account summary of your account just like any other position.

Bonds have different minimum trading sizes which can be as high as 50k, 100k or 200k in the relevant currency. You can see the minimum trading sizes and increment on each bond under account > Trading conditions as well as on the trade ticket. However, there are bonds which trade in lower sizes, which may also be available (a minimum limit of 10k in € or $ on all online bonds).

Bonds can be traded online 24/5 if the relevant underlying bond market is open. Trading hours will be limited to the daylight hours where liquidity in the relevant underlying bond market is best (i.e. European government bonds are open for trading in European hours).

A wide range of the most active and liquid government and corporate bonds in Europe, US, Asia, the Middle East and Africa, as well as a limited number of Latin American bonds - in total more than 4,500 bonds - are available for online bond trading.

You can review our trading conditions for bonds here.

See all our prices

Get ultra-competitive spreads and commissions across all asset classes, and receive even better rates as your volume increases. 

Start trading with Saxo today

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Suite 1, Level 14, 9 Castlereagh St
Sydney NSW 2000
Australia

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