CFD pricing

Find details of our industry-leading CFD prices and low trading costs.

Execution prices

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

Forex CFD (expiring) spreads

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Instrument NameSymbolSpread Mark up
Classic
Spread Mark up
Platinum
Spread Mark up
VIP
Min. trade sizeTrading hours(1)ExpiryExpiry Time
USD IndexUSDINDEX0.010000.009000.0080010020:00-17:00LTD -211:00 EST
Euro / US DollarEURUSDEC0.0002000.000190.000185,00017:00-16:00FND -310:00 CST
Euro / Japanese YenEURJPYRY0.030000.020000.020005,00017:00-16:00FND -310:00 CST
Euro / Swiss FrancEURCHFRF0.000200.000200.000205,00017:00-16:00FND -310:00 CST
Euro / British PoundEURGBPRP0.000250.000200.000205,00017:00-16:00FND -310:00 CST
British Pound / US DollarGBPUSDBP0.000300.000250.000255,00017:00-6:00FND -310:00 CST
Australian Dollar / US DollarAUDUSDAD0.000300.000200.000205,00017:00-16:00FND -310:00 CST
FND= First Notice; LTD = Last trading

(1) Trading hours are stated in the local hours of the underlying exchange

More information

When you trade CFDs at Saxo Bank, you finance the traded value through an overnight credit/debit charge. If you open and close a CFD position within the same trading day, you will not be subject to overnight financing.

When you hold a CFD position overnight your CFD position will consequently be subject to the following credit or debit:

  • Holding Long CFD position after 17:00 EST incurs a financing charge, which is calculated as follows:
    • Price x No. of CFDs x (Saxo Offer financing rate + markup) x (Day count convention*)
  • Holding Short CFD position after 17:00 EST creates a financing credit, which is calculated as follows: 
    • Price x No. of CFDs x (Saxo Bid financing rate - markdown) x (Day count convention*)

*See Benchmark Rates

 Overnight financing markup/down ratesClassic PlatinumVIP
 Index CFDs and Single Stock CFD's   
 Long/Short positions+/-3.50% +/-3.00% +/-2.50% 

Short positions in single stock CFDs held overnight are subject to a borrowing fee, which is related to the cost of borrowing the underlying shares in the market. The fee varies for each CFD, depending on market conditions and the availability of shares. Instruments in high demand for short selling on the broader market can experience an increased cost of borrowing the underlying shares.

The borrowing rate will be fixed when the position is opened, at a minimum of 0.50%, and will be charged on a monthly basis. Please note that for certain corporate action events the borrowing rate on the short position may be reset to the current rate in the market upon execution of the corporate action.

If you open and close a CFD position within the same trading day, you are not subject to borrowing costs.

Overnight positions in Expiring CFDs are subject to a carrying cost. The carrying cost is calculated on the basis of the daily margin requirement and applied when a position is held overnight. The funding rate used for calculating the carrying cost is based on the Saxo Offer Financing Rate + markup at: [1.50%]  (classic accounts), [0.50%] (platinum accounts), or [0.00%] (VIP accounts).

Carrying Cost = Margin requirement * Holding time * (Saxo Offer Financing Rate + Markup) / (365 or 360 days)

The Bid/Ask spread will be equal to the minimum target spread in approx. 99% of the quote updates, during the opening hours of the underlying cash market.

This gives clients an improved trading experience and a high degree of certainty with regards to trading costs associated with entering and closing CFD Index Tracker positions.

Please note that Fixed spreads are available for selected CFD indices only apply under normal market conditions up to the trade amounts listed in the table below.

Index Tracker NameSymbolTrade amount (contracts)*
US Wall Street 30US30.I15
US 500US500.I100
US Tech 100 NASUSNAS100.I25
EU StocksEU50.I100
France 40FRA40.I10
Germany 40GER40.I10
Italy 40ITALY40.I10
Netherlands 25NETH25.I10
Spain 35SPAIN35.I20
Sweden 30SWE30.I100
Switzerland 20SWISS20.I10
UK 100UK100.I20
Australia 200AUS200.I10
Japan 225JPY225.I1,000
Hong KongHK50.I25

* Fixed spreads only apply under normal market conditions and up to the indicated trade amount.

Find more information about our general charges here.

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