Commissions, fees & subscriptions
Online Contract Options are traded on these monthly volume-based commissions;
|Contract Currency||Trade Volume: Contracts / Month|
|1 - 250||251 - 1,000||1,000 - 5,000|
If you trade more than 5,000 contracts per month please contact us for pricing.
If no agreement exists to the contrary, you will be charged the highest price category in the table. Contact Saxo Bank to apply for another price category if applicable based on previous trading volumes.
Moves to different price categories take place at the discretion of Saxo Bank and always take effect from the beginning of the following month without any adjustment in commissions already paid.
When trading Contract Options at Saxo Bank, there are no minimum ticket fees. Each trade is subject to a flat-rate fee based on the applicable volume bracket.
Overnight positions in short Contract Options 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 in the relevant Interbank-rate + markup (150 bps).
Carrying Cost = Margin requirement * Holding time * (Relevant Interbank rate + Markup) / (365 or 360 days)
Holding fees on long option positions (all maturities) will not be applied for the first 30 days – holding fees will only apply after 30 days of holding a position. The fee will be calculated daily based on the below schedule and charged end-of-month.
|Bought Options daily holding fees per million (Nominal Value)|
|Category||Interest rates||Foreign-exchange rates and Gold||Equities||Precious metals, except gold||Commodities, except precious metals|
|<30 Days Holding the Position||n.a.||n.a.||n.a.||n.a.||n.a.|
|>30 Days Holding the Position||0.10||0.70||1.10||1.00||1.60|
Holding Fee per day = Nominal Value / 1,000,000 * Underlying Category Fee
When trading Contract Options at Saxo Bank, there are no custody fees involved.
Saxo Bank does not pass any costs for using Saxo Bank trading software to clients. Trading on SaxoTrader, SaxoWebTrader and SaxoMobileTrader is free of charge.
Complimentary to existing live data subscriptions on Futures Exchanges, Saxo Bank offers streaming Contract Options prices on the same exchanges free of charge.
This also means that you are provided with direct market access to trade Options on various underlying assets on live streaming prices without dealer intervention.
Updated 26th April, 2012