Your new trading rates
If you have any questions, please don’t hesitate to contact us.
| INSTRUMENTS | Classic | Platinum | VIP |
|---|---|---|---|
 GBP USD | 0.7 | 0.6 | 0.4 |
| EUR USD | 0.6 | 0.5 | 0.4 |
| USD JPY | 0.6 | 0.5 | 0.4 |
| AUD USD | 0.4 | 0.3 | 0.3 |
| EUR JPY | 0.9 | 0.8 | 0.6 |
| XAU USD | 0.11 | 0.10 | 0.08 |
| See a detailed breakdown of our live and historical spreads in different trade sizes. | See a detailed breakdown of our live and historical spreads in different trade sizes. | See a detailed breakdown of our live and historical spreads in different trade sizes. |
EUR USD| Instrument | Classic | Platinum | VIP |
|---|---|---|---|
 UK Stocks | 0.10% (min. GBP 8) | 0.07% (min. GBP 7) | 0.05% (min. GBP 5) |
| UK100 | 1.0 | 0.9 | 0.85 |
| US Stocks | 0.02 USD/share (min. USD 10) | 0.015 USD/share (min. USD 7) | 0.01 USD/share (min. USD 3) |
| GER Stocks | 0.10% (min. 10 EUR) | 0.07% (min. 8 EUR) | 0.05% (min. 6 EUR) |
| FR Stocks | 0.10% (min. 10 EUR) | 0.07% (min. 8 EUR) | 0.05% (min. 6 EUR) |
| US500 | 0.5 | 0.5 | 0.4 |
| Gold | 0.6 | 0.55 | 0.5 |
| Exchange | Classic | Platinum | VIP |
|---|---|---|---|
London Stock Exchange | 0.10% (min. GBP 8) | 0.07% (min. GBP 7) | 0.05% (min. GBP 5) |
London Stock Exchange (IOB) | 0.10% (min. USD 20) | 0.08% (min. USD 15 ) | 0.06% (min. USD 10) |
NASDAQ | 0.02 USD/share (min. USD 10) | 0.015 USD/share (min. USD 7) | 0.01 USD/share (min. USD 3) |
NYSE MKT | 0.02 USD/share (min. USD 10) | 0.015 USD/share (min. USD 7) | 0.01 USD/share (min. USD 3) |
Deutsche Börse (XETRA) | 0.10% (min. EUR 10) | 0.07% (min. EUR 8) | 0.05% (min. EUR 6) |
Milan Stock Exchange | 0.10% (min. EUR 12) | 0.08% (min. EUR 10) | 0.06% (min. EUR 8) |
NYSE Euronext Paris | 0.10% (min. EUR 10) | 0.07% (min. EUR 8) | 0.05% (min. EUR 6) |
Singapore Exchange | 0.15% (min. SGD 25) | 0.12% (min. SGD 20) | 0.10% (min. SGD 15) |
Australian Securities Exchange | 0.10% (min. AUD 8) | 0.07% (min. AUD 8) | 0.05% (min. AUD 8) |
| CONTRACT DENOMINATION | Classic | Platinum | VIP |
|---|---|---|---|
 USD (Stock Options) | 3.00 | 2.00 | 0.85 |
| EUR (Stock Options) | 3.00 | 2.00 | 1.00 |
| GBP (Stock Options) | 2.50 | 1.50 | 1.00 |
| CHF (Stock Options) | 4.00 | 3.00 | 1.00 |
| HKD (Stock Options) | 30.00 | 20.00 | 10.00 |
EUR| Type of bond | Classic | Platinum | VIP |
|---|---|---|---|
 European government bonds | 0.20% (min. EUR 80) | 0.10% (min. EUR 60) | 0.05% (min. EUR 50) |
| US government bonds ** | 0.20% (min. EUR 80) | 0.10% (min. EUR 60) | 0.05% (min. EUR 50) |
| European and US corporate bonds | 0.20% (min. EUR 80) | 0.10% (min. EUR 60) | 0.05% (min. EUR 50) |
| Emerging markets bonds | 0.20% (min. EUR 80) | 0.10% (min. EUR 60) | 0.05% (min. EUR 50) |
Where the instrument currency is different to the account currency, currency conversions of trading costs as well as profit/loss from trading activities are executed using the FX Spot mid-price at the time of closing the position, plus/minus 1% (classic accounts), 0.5% (platinum accounts) or 0.3% (VIP accounts).
Positions held overnight in Listed Futures, CFD Futures, and short Listed Options will be 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. It is charged at the end of each month.
For Futures the funding rate used for calculating the carrying cost is based on the relevant Interbank-rate + markup at: 2.5% (classic accounts), 1.5% (platinum accounts), or 0% (VIP accounts).
For short Listed Options the funding rate used for calculating the carrying cost is based on the relevant Interbank-rate + markup at 1.5%.
Carrying Cost = Margin requirement * Days held * (Relevant Interbank rate + Markup) / (365 or 360 days)
Please note that relevant benchmark rates are floored at 0%.
The FX Spot market is used for immediate currency trades. The term “Spot” refers to the standard settlement convention of two business days after the trade date (known as T+2)1 . For example, a EURUSD trade executed on a Monday will settle on a Wednesday (if there is not a public holiday in either currency on Tuesday or Wednesday, in which case the trade will be settled on the next available business day). The settlement period refers to the amount of time that is allotted to both parties to satisfy the trade’s obligations. At Saxo, FX Spot trades do not settle. Instead, open positions held at the end of a trading day (17.00 Eastern Standard Time) are rolled forward to the next available business day2.
The rollover is made up of two components; the Tom/Next swap points (Forward Price) and the financing of unrealised profit/loss (Financing Interest).
1. Tom/Next swap points (Forward Price)
The swap points used are calculated using market swap prices from Tier-1 banks, plus/minus a mark-up corresponding to +/- 0.75% (classic clients) or +/-0.45% (platinum/VIP clients)3 of the Tom/Next interest swap rates. The final rate is used to adjust the opening price of the position4.
2. Financing of unrealised profit/loss (Financing Interest)
Any unrealised profit/loss on positions that are rolled from one day to the next are subject to an interest credit or debit. The unrealised profit/loss is calculated as the difference between the opening price of a position (possibly corrected for previous Tom/Next rollovers) and the Spot price at the time that the rollover is performed.
The rate is calculated based on the daily market overnight interest rates plus/minus a mark-up corresponding to +/-2.50% (classic clients) or +/- 2.00% (platinum/VIP clients). The final rate is used to adjust the opening price of the position3.
We charge GBP 50 (or currency equivalent based on base currency) per quarter if you only hold cash funds on your account. These fees will be applied during the first week of the following quarter month, as long as your account remains inactive and continues to hold funds.
The quarters are:
- Q1 – January, February, March
- Q2 – April, May, June
- Q3 – July, August, September
- Q4 – October, November, December
Please note that the platform fee cannot reduce your account balance below zero.
You will not incur the platform fee if you are being charged a custody fee.
A fee of 0.12% p.a. is charged on classic and platinum accounts (0.08% p.a. on VIP accounts) with open Bond, Stock and ETF/ETC positions, with a minimum monthly fee of EUR 10 (or account currency equivalent). Fees are calculated daily, but debited on a monthly basis.
When you hold an Index or Single Stock CFD position overnight your position will be subject to the following credit or debit:
Long positions incur a financing markup of +3% (classic/platinum accounts) or +2% (VIP accounts).
Short positions incur a financing markdown of -3% (classic/platinum accounts) or -2% (VIP accounts).