| Popular pairs | Minimum spread | Initial margin* |
|---|---|---|
| 2.1 pips | 1.5% | |
| 2.4 pips | 2% | |
| 2.4 pips | 2% |
| Popular pairs | Minimum spread | Initial margin* |
|---|---|---|
| 287 USD | 40% | |
| 16.4 USD | 50% | |
| 263 USD | 40% |
| Popular pairs | Minimum spread | Initial margin when buying a call* |
|---|---|---|
| 5 pips | 1.5% | |
| 8 pips | 2% | |
| 8 pips | 2% |
*Initial margin for clients with Swiss residence. Information for clients with EU residence can be found here.
More reasons to trade FX with Saxo
With Saxo, you’ll get an average execution speed of 0.009 seconds on market orders (October 2025 statistics) and no asymmetric slippage. Our fully customised orders offer you potential price improvements on every trade and an optimal balance between fill ratio and price level.
To protect you from being stopped out early, we trigger stop orders on the opposite side of the spread, based on a neutral price from a primary inter-bank venue.
We fully disclose our dealing practices and never trade against you in the market.
With tiered margin, the average margin requirement (“blended margin requirement”) increases with the level of exposure. As the level of exposure decreases, the margin requirement also decreases.
We use a tiered margin methodology for FX spot, forwards, and FX options.
You can connect to our stable, fast, flexible, and fully documented infrastructure. Tailor your setup with OpenAPI, FIX API, and plugins, including TradingView and MultiCharts.
Explore ways to connectWe’re a regulated Swiss bank. This means we’re under the supervision of the Swiss Financial Market Supervisory Authority (FINMA) and comply with stringent reporting requirements and client management regulations.
Your deposits are protected up to CHF 100.000, in line with the Swiss deposit insurance scheme.
Forex trading FAQs
With a Saxo account, you can trade currencies as spot, options, swaps, and forwards. You can check out our forex offering in our trading platform before even creating an account.
Explore available forex pairs
To learn about forex in general, the associated risks, and why forex can be a strategic trading product, you can check out our forex deep dive.
Read our forex deep dive
On our trading conditions page you can find information about market orders, order routing, exchange- and market-specific conditions, corporate actions, and more.
See trading conditionsReview margin requirements
We offer you greater control of your trading via our fully customised orders.
See our published FX order execution statistics by month for our most traded FX spot currency pairs.
Our policy is designed to ensure client orders are executed promptly, efficiently, and with the best possible terms.
To open an individual account, a valid identification document (ID card or passport) will be all you need. You will be required to take a selfie in a second step.
Most sign-ups for individual accounts are approved digitally within a few minutes. However, since we cannot compromise on security checks, the process can take up to a few days.
Timing and processing for corporate account opening depend on each individual case and will be assessed at the time of the account opening request.