Saxo Capital Markets (Australia) Pty Ltd 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 & Combined Financial Services Guide & Product Disclosure Statement 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. 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.
The information or the products and services referred to on this website may be accessed worldwide, however is only intended for 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.
The Saxo trading platform has received numerous awards and recognition. For details of these awards and information on awards visit www.home.saxo/en-au/about-us/awards.
The Tradingfloor.com website is the property of Saxo Bank A/S as an affiliate of Saxo Bank, and is a part of Saxo Bank Group, Saxo Capital Markets has entered into an arrangement with TradingFloor.com to allow clients of Saxo Capital Markets upon their consent to access information on tradingfloor.com and use their Saxo Trading Account to enter into transactions through Tradingfloor.com. Any materials or other social trading features available on the TradingFloor.com website are provided by Saxo Bank A/S and Saxo Capital Markets does not accept any responsibility or liability for the contents or services made accessible through TradingFloor.com. For the avoidance of doubt, should clients decide to enter into any transaction through TradingFloor.com Saxo Capital Markets will be the counterparty to any transaction entered into by clients and not Saxo Bank.
Social Trading involves risks, even when following and/or replicating other Profiled Traders. Past performance of a trader indicated on Tradingfloor.com is not indicative of future results. When reviewing the portfolio or financial performance information, opinions or views of a Profiled Trader, you should not assume that the Profiled Trader is unbiased, experienced, professional, independent or qualified to provide financial information or advice. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax, trading advice and should not be construed as an offer or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank A/S or its affiliates will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of Tradingfloor.com or as a result of the use of Tradingfloor.com.
Futures Trading Conditions
Stop and Stop-Limit orders are subject to support by the exchange on which the contract is traded. The order types available are noted in the pop-up details for each contract.
When Stop orders and Stop-Limit orders are not supported by the exchange, Saxo Capital Markets offers the possibility to execute stop orders through synthetic stop orders where your order is triggered if the underlying is traded at least for one lot.
Partial fills may occur on Limit orders and the remaining amount stays in the market as a Limit order and may be filled within the order duration. Market orders can be filled at numerous levels, the price paid will be the volume weighted average price of all the fills.
With Saxo Capital Markets, you avoid physical delivery of the underlying asset on expiry of a Futures Contract, which is not supported. Therefore, we advise you to take note of the expiry and first notice dates (FND) of any Futures Contracts in which you have positions and ensure they are closed before the appropriate day, as described below.
- If the expiry day is prior to the first notice day (FND) the contract will be closed on the expiry day.
- If the FND is the same or prior to the expiry day the contract will be closed the weekday prior to the FND.
If futures positions are not closed before the relevant date, Saxo Capital Markets will close the position on your behalf at the first available opportunity at the prevailing market rate. Any resulting costs, gains or losses will be passed on to you.
If you require any assistance or clarification regarding the expiry of Futures Contracts, please Contact Us.
Market orders are not accepted on all contracts. Please use limit orders to hit the bid/offer.
A BUY Limit order cannot be higher than the current offer and a SELL Limit order cannot be lower than the current bid. If the market is moving at or around the time at which the order is placed, this order may be rejected by the exchange. Please repeat the process of placing the order again.
Stop Limit orders
Stop orders without Limits are not accepted.
The limit price specified within a Stop Limit order cannot be more than the below specified values away from the stop price.
|AP||SPI 200 Index Future||4|
|BB||90 Day New Zealand Bank Bill Futures||2|
|IB||ASX 30 Day Interbank Cash Rate||4|
|IR||90 Day Bank Accepted Bills||2|
|XT||10 Year T-Bond||4|
|YT||3 Year T-Bond||2|
In case of an order that was placed where the limit price is greater than the above acceptance criteria, the order will appear as being accepted by the platform.
However, please note that upon the trigger price being touched/breached, the order will NOT be executed.
In such cases, the order will be removed from the system afterwards.
For Milling Wheat, Corn, Rapeseed & Malting Barley, Saxo Capital Markets must follow Exchange Rules with effect up to 5 days prior to expiry. As a consequence:
- Short positions may be forced closed within five days from the expiry day with a cut-off time of 16:00 CET daily.
- All open positions will be forced closed one day prior to expiry, where circumstances apply.
The tax will be applied to all Italian Derivatives whose underlying assets are equity instruments issued by Italian companies
The Italian FTT for Derivatives applies irrespective of the location of the client or the jurisdiction of the transaction, so everyone trading Italian Derivatives will have to pay new Italian FTT for Buys and Sells.
Summary of Italian FTT for Derivatives
|Notional Value of the Transaction (Euros)|
|Futures and Options on Indices||0.00375||0.0075||0.015||0.075||0.15||0.75||1.5||3|
|Single Stock and Index Tracker CFDs|