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CFDs Spreads and Commissions

Index-tracking CFD contract details (continuous)

Index TrackerSpread (1)
Standard
Contract SizeCurrencyTrading Hours (2)

North America
US Tech 100 NAS1.01 indexUSD18:01 - 16:00
US 30 Wall Street3.01 indexUSD18:01 - 16:00
US 5000.91 indexUSD18:01 - 16:00

Europe / Middle East / Africa
Belgium 20131 indexEUR09:10 - 17:25
Denmark 202.51 indexDKK09:10 - 16:55
EU Stocks 502.01 indexEUR01:16 - 22:00
France 402.01 indexEUR08:01 - 22:00
Germany 302.01 indexEUR01:16 - 22:00
Germany Mid-Cap 50151 indexEUR09:10 - 17:25
Germany Tech 304.51 indexEUR09:10 - 17:25
Italy 4012*1 indexEUR09:01 - 17:30
Netherlands 250.251 indexEUR08:01 - 22:00
Norway 251.01 indexNOK09:10 - 16:20
Portugal 20251 indexEUR08:10 - 16:25
South Africa 40101 indexZAR08:31 - 17:30
Spain 358.01 indexEUR08:01 - 20:00
Sweden 300.651 indexSEK09:01 - 17:25
Switzerland 203.01 indexCHF08:01 - 22:00
UK 1001.01 indexGBP01:01 - 21.00
UK Mid 250441 indexGBP08:10 - 16.25

Asia / Pacific
Australia 2001.51 indexAUD09:51 - 07:00(2)
Hong Kong121 indexHKD09:16 - 03:00(2)
Japan 225121 indexJPY07:31 - 04:45(2)

Index-tracking CFD contract details (expiring)

Index Tracker NameSpread(1)  StandardContract SizeCurrencyTrading Hours (2)
US20000.51 indexUSD20:01 - 16:00
China 50121 indexUSD09:01 - 01:55
India 504.01 indexUSD09:01 - 01:55
Singapore0.301 indexSGD08:31 - 01:55
Taiwan0.401 indexUSD08:46 - 01:55

* Italy 40: Italian derivatives are subject to Italian Financial Transaction Tax (Stamp duty) which is applied for both buys and sells. Click here for more information about the Italian Financial Transaction Tax (IFTT). Also, an additional charge of 2 bps. (0.02%) of the trade amount is applied, to cover Saxo Bank’s increased cost of execution and hedging due to IFTT.

(1) Spreads: the spreads indicated are minimum spreads and depend on the spread of the underlying futures contract. If the underlying future trades at a spread that is larger than the minimum spread, the Index spread will be increased with the additional spread from the future. Example: Germany 30 normal spread is 1.5 index points if the future spread is 0.5 indicating normal conditions. If the liquidity is low in the future and the spread is 1, the Index spread will be 1.5 + (1 - 0.5) = 2.

(2) Trading hours are stated in the local hours of the underlying exchange - please note that the Hong Kong Index trading session has a mid-session break between 11:59-12:59 and an evening break between 16:25-17:16, the trading session in Japan 225 has a break between 14:20 and 14:56 and the Australia 200 there is a break between 14:30 and 15:11. For CHINA50 there is a mid-session break between 15:55 and 16:41. For INDIA50 there is a mid-session break between 18:05 and 19:16.For SINGAPORE there is a mid-session break between 17:10 and 18:16. For TAIWAN there is a mid-session break between 13:45 and 14:36.

(3) For Active pricing see section in the bottom of this page

Exchange nameSymbolCommission
Standard
Commission
Active *)
North America & Canada
NASDAQNASDAQ & NSC0.02 USD/share
(min 20 USD)
from 6 USD (1)
New York Stock ExchangeNYSE & ARCA0.02 USD/share
(min 20 USD)
from 6 USD (1)
NYSE MKTAMEX0.02 USD/share
(min 20 USD)
from 6 USD (1)
Toronto Stock ExchangeTSE0.03 CAD/share
(Min 25 CAD)
0.0225 CAD /share
(min 15 CAD)
Europe / Middle East / Africa
BME Spanish ExchangesSIBE0.10%
(min 12 EUR)
from 9 EUR (3)
Budapest Stock ExchangeBUX0.50%
(min 6,000 HUF)
0.30%
(min 5,000 HUF)
Deutsche Börse (XETRA)FSE0.10%
(min 12 EUR)
from 9 EUR (4)
Irish Stock ExchangeISE0.10%
(min 12 EUR)
0.06%
(min 9 EUR)
Johannesburg Stock ExchangeJSE0.25%
(min 100 ZAR)
0.15%
(min 80 ZAR)
London Stock ExchangeLSE_SETS0.10%
(min 8 GBP)
from 8 GBP (5)
London Stock Exchange (IOB)LSE_INTL0.10%
(min 20 USD)
0.05%
(min 10 USD)
Milan Stock ExchangeMIL0.19%
(min 15 EUR)
from 9 EUR
(+0.07%) (4)
NASDAQ OMX CopenhagenCSE0.10%
(min 65 DKK)
0.05%
(min 50 DKK)
NASDAQ OMX HelsinkiHSE0.10%
(min 10 EUR)
0.05%
(min 7 EUR)
NASDAQ OMX StockholmSSE0.10%
(min 65 SEK)
0.05%
(min 55 SEK)
NYSE Euronext Amsterdam (AEX)AMS0.09%
(min 5 EUR)
from 12 EUR (3)
NYSE Euronext BrusselsBRU0.10%
(min 12 EUR)
0.05%
(min 8 EUR)
NYSE Euronext LisbonLISB0.10%
(min 12 EUR)
0.05%
(min 8 EUR)
NYSE Euronext ParisPAR0.10%
(min 12 EUR)
from 9 EUR (3)
Oslo Stock ExchangeOSE0.10%
(min 65 NOK)
0.07%
(min 55 NOK)
Prague Stock ExchangePRA0.25%
(min 500 CZK)
0.22%
(min 400 CZK)
SIX Swiss ExchangeSWX & VX0.10%
(min 18 CHF)
from 11 CHF (6)
Vienna Stock ExchangeVIE0.10%
(min 12 EUR)
0.09%
(min 12 EUR)
Warsaw Stock ExchangeWSE0.25%
(min 65 PLN)
0.22%
(min 60 PLN)
Asia / Pacific
Australian Securities ExchangeASX0.10%
(min 8 AUD)
0.05%
(min 6 AUD)
Hong Kong ExchangesHKEX0.25%
(min 90 HKD)
0.102% (+0.108%)
(min 80 HKD)
Singapore ExchangeSGX-ST0.20%
(min 17 SGD)
0.14% (+0.04%)
(min 15 SGD)
Tokyo Stock ExchangeTYO0.15%
(min 1,000 JPY)
0.08%
(min 600 JPY)

*) For active pricing see section in the bottom of this page

(1) NASDAQ, NYSE & NYSE ARCA: The flat fee apply up to a trade size of 1,000 shares, above the threshold the commission is 0.007 USD/share
(3) BME, NYSE Euronext Amsterdam**) and Paris: The flat fee apply up to a trade size of EUR 20,000, above the threshold the commission is 0.05%
(4) Deutsche Börse (XETRA) and Milan Stock Exchange: The flat fee apply up to a trade size of EUR 30,000, above the threshold the commission is 0.05%
(5) London Stock Exchange: The flat fee apply up to a trade size of GBP 30,000, above the threshold the commission is 0.05%.
(6) SIX Swiss Exchange: The flat fee apply up to a trade size of CHF 30,000, above the threshold the commission is 0.05%

Commodity CFD spreads

Commodity CFDs are over-the-counter products with a price established by Saxo Bank as the Futures market spread plus a fixed mark-up. The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

Contract Details:


Instrument NameSymbolSpread Minimum
Standard
Min. trade sizeTrading hours (2)Expiry date
METALS
GoldGOLD0.60118:01-17:00FND -2
SilverSILVER3.52518:01-17:00FND -2
PlatinumPLATINUM1.70118:01-17:00FND -2
PalladiumPALLADIUM1.75118:02-17:00FND -2
US CopperCOPPERUS0.5550018:01-17:00FND -2
ENERGY
US CrudeOILUS0.052518:01-17:00LTD -2
UK CrudeOILUK0.052501:01-22:55 (3)LTD
Heating OilHEATINGOIL0.3550018:01-17:00LTD -2
Gasoline USGASOLINEUS0.2550018:01-17:00LTD -2
Gas OilGASOILUK1.25101:01-21:55LTD -2
US Natural GasNATGASUS0.01720018:01-17:00LTD -2
CO2 EmissionsEMISSIONS0.072507:01-17:00LTD -2
AGRICULTURE
CornCORN1.2520019:01 – 13:20FND -2
WheatWHEAT2.2520019:01 – 13:20FND -2
SoybeansSOYBEANS1.7520019:01 – 13:20FND -2
SOFTS
NY Sugar No. 11SUGARNY0.055,00004:30-13:00LTD -2
NY CoffeeCOFFEENY0.451,00005:15-13:30FND -2
NY CocoaCOCOANY9.0105:45-13:30FND -2
MEATS
Live CattleLIVECATTLE0.1752,00008:31-13:05LTD -2
FND= First Notice
LTD= Last trading

(1) For active pricing see section in the bottom of the page
(2) Trading hours are stated in the local hours of the underlying exchange
(3) Trading hours Fridays are 01:01 to 22:00

Forex CFDs are over-the-counter products with a price established by Saxo Bank as the Futures market spread plus a fixed mark-up.
The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

Contract details


Instrument NameSymbolSpread Mark up
Standard
Min. trade sizeTrading hours (2)ExpiryExpiry Time
Euro / US DollarEURUSDEC0.00025,00017:00-16:00FND -310:00 CST
Euro / Japanese YenEURJPYRY0.035,00017:00-16:00FND -310:00 CST
Euro / Swiss FrancEURCHFRF0.00025,00017:00-16:00FND -310:00 CST
Euro / British PoundEURGBPRP0.000255,00017:00-16:00FND -310:00 CST
British Pound / US DollarGBPUSDBP0.00035,00017:00-6:00FND -310:00 CST
Australian Dollar / US DollarAUDUSDAD0.00035,00017:00-16:00FND -310:00 CST
USD IndexUSDINDEX0.01010020:00-17:00LTD -211:00 EST
FND= First Notice; LTD = Last trading

(1) For active pricing see section in the bottom of this page
(2) Trading hours are stated in the local hours of the underlying exchange

Bond CFDs are over-the-counter products with a price established by Saxo Bank as the Futures market spread plus a fixed mark-up.
The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

Contract details


Instrument NameSymbolSpread
Minimum
Standard
Min. trade sizeTrading hours (2)
German Government
10 year Bund
BUND0.0350 CFDs01:16-22:00
German Government
5 year Bobl
BOBL0.0350 CFDs01:16-22:00
German Government
2 year Schatz
SCHATZ0.01550 CFDs01:16-22:00
Italian Government
10 year BTP
10YBTP0.0550 CFDs08:01-18:55
French Government
10 year OAT
10YOAT0.0550 CFDs08:01-18:55

If you are an Active Trader within equity and equity-related products, Saxo offers you some of the lowest rates in the market.
In order to qualify for Equity Active Trader rates you need to place at least 100 trades per calendar month, within any of the following instruments:

  • Stocks
  • ETFs/ETC
  • Single Stock CFDs

Please note the following:

  • The Active pricing may vary from the prices shown above depending on your country of residence.
  • If the required monthly activity is not fulfilled, standard rates will apply the following month.
  • You can familiarise yourself with the relevant terms of our Active Equity pricing in the FAQ section.

Updated 23 June 2016

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Zürich
Switzerland

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