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CFD Margins

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. 

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

Index-tracking CFD contract details (continuous)

Index TrackerStandard Margin

NORTH AMERICA

US 30 Wall Street2.5%
US 5002.5%
US Tech 100 NAS2.5%


EUROPE, MIDDLE EAST & AFRICA

Belgium 205%
Denmark 2020%
Denmark 20 Cap20%
EU Stocks 505%
France 405%
Germany 305%
Germany Mid-Cap 505%
Germany Tech 305%
Italy 405%
Netherlands 2520%
Norway 2520%
Portugal 2020%
South Africa 4020%
Spain 355%
Sweden 305%
Switzerland 2020%
UK 1005%
UK Mid 2505%


ASIA / PACIFIC

Australia 2005%
Japan 2255%
Hong Kong5%


 Index-tracking CFD contract details (expiring)

Index TrackerStandard Margin
China 5020%
India 5020%
Singapore20%
Taiwan20%
US200020%

We have sorted our more than 8,800 online tradable CFDs in 6 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.

RatingCFD Margin requirement
1*10%
215%
320%
430%
550%
6100%

*Leverage of 5:1 which is equivalent to 20% margin requirement and 10:1 (10% margin requirement) could also apply to some of the Stock Index Trackers and Single Stock CFD/ETF CFD. 

View individual Single Stock CFD margins

Instrument NameSymbolMargin RequirementLeverage


METALS
GoldGOLD4%25:1
SilverSILVER8%12.5:1
PlatinumPLATINUM8%12.5:1
PalladiumPALLADIUM8%12.5:1
US CopperCOPPERUS4%25:1


ENERGY
US CrudeOILUS5%20:1
UK CrudeOILUK5%20:1
Heating OilHEATINGOIL4%25:1
Gasoline USGASOLINEUS8%12.5:1
Gas OilGASOILUK8%12.5:1
US Natural GasNATGAS8%12.5:1
CO2 EmissionsEMISSIONS8%12.5:1


AGRICULTURE
CornCORN5%20:1
WheatWHEAT5%20:1
SoybeansSOYBEANS5%20:1


SOFTS
NY Sugar No. 11SUGARNY5%20:1
NY CoffeeCOFFEE5%20:1
NY CocoaCOCOA5%20:1


MEATS
Live CattleLIVECATTLE5%20:1
LeverageMargin RequirementProduct/Instrument
100:11%German Government 5 year Bobl
German Government 2 year Schatz
100:11%German Government 10 year Bund
100:11%French Government 10 year OAT
50:12%Italian Government 10 year BTP

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

Instrument NameSymbolMargin RequirementLeverage
CURRENCIES
Euro / US DollarEURUSDEC2%50:1
Euro / Japanese YenEURJPYRY4%25:1
Euro / Swiss FrancEURCHFRF4%25:1
Euro / British PoundEURGBPRP2%50:1
British Pound / US DollarGBPUSDBP2%50:1
Australian Dollar / US DollarAUDUSDAD4%25:1
USD IndexUSDINDEX2%50:1

See under 'Single Stock CFDs'.

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 Centre.

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. 

See our Risk Warning.

Saxo Capital Markets (Australia) Pty Ltd.
Level 25, 2 Park Street
NSW 2000
Sydney
Australia

Australia

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