Trading evolved: unveiling new opportunities with our updated pricing structure Trading evolved: unveiling new opportunities with our updated pricing structure Trading evolved: unveiling new opportunities with our updated pricing structure

Trading evolved: unveiling new opportunities with our updated pricing structure

Pricing 5 minutes to read
Koen Hoorelbeke

Options Strategist

Summary:  Explore the significant advantages of our Updated Pricing Structure in our latest analysis, 'Trading evolved: unveiling new opportunities.' This article examines the impact of our new commission tariffs, showing substantial cost reductions for various account types. We provide concrete examples demonstrating how these changes make advanced trading strategies more affordable and practical, especially for Classic, Platinum, and VIP account holders. Our revised pricing model is designed to enhance trading profitability and enable a wider range of strategies, reflecting our commitment to an efficient and accessible trading environment for all clients. Read on to understand how these essential changes can benefit your trading approach and outcomes.

Our new commission tariff structure brings a wave of cost savings to options traders. Under this unified pricing model, Classic, Platinum, and VIP account holders enjoy significant reductions in trading costs. Stock options are now 33% cheaper for Classic accounts and 50% less for Platinum accounts, while VIP clients see a decrease from 85 cents to 75 cents per contract. Contract options (options on indices) offer even greater savings, with a drop from USD 4 to USD 2 or  USD 3 to USD 1 per contract for Classic and Platinum accounts—a 66.67% reduction. Futures options are now priced at USD 3 for Classic, USD 2 for Platinum, and USD 1 for VIP accounts, a substantial decrease from the previous tariffs. This new pricing structure providing a cost-effective trading environment for our clients. See full specifications here.

What does this mean to you? Let's have a look at the implications of the new tariffs with a few examples of specific options strategies. Let's first have a look at a put (or call) vertical debit spread on a stock, which is a very common strategy and involves 2 legs (for example a put spread which consists of 1 bought put and 1 sold put).

Old pricing structure (Classic account)

  • Cost per leg to enter: USD 3

  • Total cost to enter the trade (2 Legs): 2 legs × USD 3/leg = USD 6

  • Cost per option/share for entry: USD 6 / 100 shares = USD 0.06 per share

  • Cost to exit the trade: Assuming similar costs, USD 0.06 per share

New pricing structure (Classic account)

  • Cost per leg to enter: USD 2

  • Total cost to enter the trade (2 Legs): 2 legs × USD 2/leg = USD 4

  • Cost per option/share for entry: USD 4 / 100 shares = USD 0.04 per share

  • Cost to exit the trade: Assuming similar costs, USD 0.04 per share

Comparative analysis and summary

  • Entry cost reduction per share: USD 0.06 (old) - USD 0.04 (new) = USD 0.02 savings per share

  • Exit cost reduction per share: Similarly, USD 0.02 savings per share when closing the trade

  • Total savings for round-trip trade: USD 0.04 per share (entry and exit combined)

Now assume you would buy 10 of such debit spreads on the QQQs (the Nasdaq 100 ETF), and later sell them again (For example after a 50% take profit). Then, the price of one debit spread would, in the given example, cost USD 1.79 (based on an actual random strategy).

  • Under the old pricing structure, you would pay 6 cents per share/option to enter and 6 to exit: 12 cents per share/option in total, multiplied by 10 contracts and 100 share/options per contract, totaling to an amount of USD 120.
  • Under the new pricing structure, you would (as calculated above) save 4 cents per share/option, slashing the total cost to only USD 80 round-trip (for 10 contracts).

Now let's have a look at a different example where a holder of a Platinum account sells an iron condor on the SPX-index:

Old pricing structure

  • Cost to enter the trade: USD 3 per contract per leg × 4 legs = USD 12

  • Cost to exit the trade: Same as entry, USD 12

  • Total cost for a single contract iron condor: USD 12 (entry) + USD 12 (exit) = USD 24

New pricing structure

  • Cost to enter the trade: USD 1 per contract per leg × 4 legs = USD 4

  • Cost to exit the trade: Same as entry, USD 4

  • Total cost for a single contract iron condor: USD 4 (entry) + USD 4 (exit) = USD 8

In this example, the credit earned per contract is USD 9.10. Comparing the costs under the old and new pricing, a Platinum account holder now pays USD 16 less in total to enter and exit a single contract Iron Condor, significantly enhancing the profitability of such trades.

For a Platinum account a lot-size of 10 contracts would not be uncommon and savings on a single trade (of 10 contracts) quickly build up to considerable savings of USD 160 in the above example.

If we take the same iron condor example from above and look at the impact for a VIP account, we get the following outcome: 

Old pricing structure (VIP account)

  • Cost to enter the trade: USD 1.50 per contract per leg × 4 legs = USD 6

  • Cost to exit the trade: Same as entry, USD 6

  • Total cost for a single contract iron condor: USD 6 (entry) + USD 6 (exit) = USD 12

New pricing structure (VIP account)

  • Cost to enter the trade: USD 0.75 per contract per leg × 4 legs = USD 3

  • Cost to exit the trade: Same as entry, USD 3

  • Total cost for a single contract iron condor: USD 3 (entry) + USD 3 (exit) = USD 6

Again, we see a considerable price/commission reduction of 50%!

Key Takeaways:

With the above examples fresh in our minds, these are the key advantages for you as a trader:

  1. Direct cost savings: you'll see a noticeable reduction in your trading costs, making your investments more efficient and cost-effective.

  1. Complex strategies are made more accessible: advanced strategies like Iron Condors and Broken Wing Butterflies (and many other multi-leg strategies) are now within easier reach, thanks to lower commission fees. This opens a new realm of trading opportunities that were previously more expensive.

  1. Boosted profitability: with reduced costs, your profitability could see a significant boost, especially in strategies involving frequent trades or multiple contracts.

  1. Diverse trading tactics: the affordability to execute a variety of strategies allows you to diversify your trading approach, potentially leading to better risk management and improved returns.

  1. Empowering smaller accounts: if you’re working with a smaller account, these reduced rates make options trading more accessible, allowing you to participate more actively in the market.

  1. Increased liquidity opportunities: lower transaction costs could encourage higher trading volumes, potentially resulting in better liquidity for certain options.

  1. Enhanced learning curve: the ability to try different strategies without high commission costs promotes continuous learning and skill development, sharpening your trading acumen.

  1. Advantage for active traders: as an active trader, you'll find these price reductions particularly beneficial, as they allow you to adjust positions frequently at a lower cost.

  1. Stimulating market innovation: the new pricing may lead to novel trading strategies and methods, as traders like yourself find creative ways to maximize returns under this cost structure.

  1. Improved trading experience: overall, these changes are likely to enhance your satisfaction and confidence in your trading platform, knowing that it supports more cost-effective trading strategies.

In Conclusion: A New Era of Trading Efficiency

The introduction of our new pricing structure isn't just a change in numbers; it marks the beginning of a new era in your options trading. By significantly reducing costs, we're not only enhancing the profitability of your trades but also opening the door to a wider array of strategies, especially for those previously deterred by high commission fees. Whether you're a seasoned trader or just starting out, the benefits are clear: more flexibility, increased potential for profit, and a deeper engagement with the market. This change reflects our commitment to your trading success, offering a platform where efficiency and opportunity converge. Embrace this shift as a stepping stone to diversifying your portfolio and realizing your trading aspirations with greater financial freedom.

Happy trading!



The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website. This content is not intended to and does not change or expand on the execution-only service. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.

Please read our disclaimers:
- Notification on Non-Independent Investment Research (
- Full disclaimer (

40 Bank Street, 26th floor
E14 5DA
United Kingdom

Contact Saxo

Select region

United Kingdom
United Kingdom

Trade Responsibly
All trading carries risk. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more
Additional Key Information Documents are available in our trading platform.

Saxo is a registered Trading Name of Saxo Capital Markets UK Ltd (‘Saxo’). Saxo 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. Registered in England & Wales.

This website, including the information and materials contained in it, are not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in the United States, Belgium or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.

It is important that you understand that with investments, your capital is at risk. Past performance is not a guide to future performance. It is your responsibility to ensure that you make an informed decision about whether or not to invest with us. If you are still unsure if investing is right for you, please seek independent advice. Saxo assumes no liability for any loss sustained from trading in accordance with a recommendation.

Apple, iPad and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android is a trademark of Google Inc.

©   since 1992