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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. Losses can exceed deposits on some products.
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Futures position management changes

In April Saxo Capital Markets moved to netting on futures positions to a FIFO basis.

This means that futures trades must be closed in the order they were opened; platform features which allow you to close trades in a different order will be removed:

  • Individual trades in a position cannot be closed directly.
  • You cannot place related stop and limit order to close specific trades.

Closing positions

To close or reduce a position, you can place a trade using either the Close button on the position or by placing a trade using the Trade Ticket.

 

Related orders

Stop loss and take profit orders cannot be related directly to individual trades. Independent stop and limit orders can be placed instead and managed separately to the position – if you manually close a position, you must also manually cancel any orders.

Allocation Summary changes

In connection with the futures position management changes in the beginning of April, the Allocation Summary will be changed:

  • For futures contracts, the Close Allocated Positions Ticket will be changed to allocate futures orders/trades which are not related to opening trades.
  • The Close Position buttons on the trade level in the Allocation Summary will be removed for all products.
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The value of your investments can go down as well as up. Losses can exceed deposits on margin products. Please ensure you understand the risks.

Saxo Capital Markets UK Ltd (SCML) is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 551422. Registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA. Company number 7413871.

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