Ultra-competitive FX spreads
Trade major FX pairs from 0.4 pips. Competitive entry prices and even lower rates for active forex traders.
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Trade forex on an award-winning platform
Trade forex on an award-winning platform
Forex Trading with Saxo Markets
Trade currency pairs with competitive spreads
| INSTRUMENT |  |  |  |  |
|---|---|---|---|---|
| GBP USD | 0.8 | 0.9 | 0.9 | 0.9 |
| EUR USD | 0.7 | 0.7 | 0.5 | 0.6 |
| USD JPY | 0.7 | 0.7 | 0.6 | 0.7 |
| EUR JPY | 0.9 | 1.5 | 1.7 | 1.5 |
| XAU USD | 0.1 | 0.3 | 0.3 | 0.3 |
Ways to trade FX pairs with Saxo
Spot FX
Buy and sell 185+ currency pairs at their current prices.
FX options
Anticipate future prices with maturities from one day to 12 months. Read more here.
FX swaps
Speculate on FX prices while hedging your exposure.
Best-in-class forex execution
Find your next trade
See whether Saxo clients are buying or selling the forex pairs and spot metals below.
| Instrument | Sellers | Buyers | |
|---|---|---|---|
Euro/US Dollar EURUSD | 40% | 60% | |
US Dollar/Japanese Yen USDJPY | 53% | 47% | |
Gold/US Dollar XAUUSD | 49% | 51% |
Review today’s biggest gains and losses on the forex and spot metals markets for a snapshot of the market mood.
Automate your analysis with Trade Signals by Autochartist, free for Saxo clients. This leading
technical analysis tool identifies emerging and completed chart patterns.
Probability: All
| Instrument | Signal | Probability | Quality | |
|---|---|---|---|---|
US Dollar/Swedish Krone USDSEK | 15M Falling Wedge | - | ||
Euro/US Dollar EURUSD | 15M Butterfly | - | ||
British Pound/Hong Kong Dollar GBPHKD | 15M Falling Wedge | - | ||
Australian Dollar/Swiss Franc AUDCHF | 30M Resistance | 77% | ||
Euro/Swedish Krone EURSEK | 15M Falling Wedge | - |
Nothing to show here
Try changing the probability filters for other results
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About the forex market
The foreign exchange, or "forex", market is a global network of buyers and sellers who exchange currency at an agreed price. -
How to trade forex
Abbreviated from foreign exchange trading, "forex" or "FX" trading is the exchange of one currency for another through buying and selling. -
What is forex trading?
An abbreviation for Foreign Exchange, "forex" is the buying and selling of one currency in exchange for another.
Trade Forex on our award-winning trading platform
Trade Forex on our award-winning trading platform
Powerful FX trading tools
Benefit from extensive charting with 50+ technical indicators, integrated Trade Signals and innovative risk management tools.
Trade 185 FX spot pairs and 130 forwards
Fast and reliable access to our range of FX markets from your phone, tablet, laptop, or multi-screen desktop setup. From a single multi-currency account.
More information
Our initial margin rates start at 3.33% for major FX pairs including EURUSD, USDJPY, USDCAD, EURJPY and more. If you qualify as an Elective Professional client, our initial margin rates start at 1.5% for major FX pairs.
See a full list of our FX margin rates for retail clients as well as our FX margin rates for Elective Professional clients.
You can find more information about the FX value date rollover, rollover procedure and historic swap points here.
Both our SaxoTraderGO and SaxoTraderPRO platforms offer you a fast and intuitive forex trading experience.
However, if you’d like some help getting started, we’ve put together a short guide on how to trade forex on SaxoTraderGO, which highlights the key features you’ll need.
Derive the value of potential price improvements on every trade. Assume greater control of your trading, and achieve an optimal balance between fill ratio and price level through our fully customised orders.
Saxo offer a variety of orders, including Market, Limit and Stop orders. To learn more please see Orders and Execution Statistics.
To learn more about how Saxo executes orders on behalf of its clients, please refer to our Order Execution Policy.
Whereas the FX spot market is for immediate currency trades, the FX forward market is the market for trading currencies for delivery at some point in the future. FX forward outrights enable you to agree a price today (the FX forward price) at which two currencies will be exchanged on a predetermined date in the future. FX swaps likewise enable you to agree a price today at which two transactions will be executed. An FX swap is a simultaneous purchase and sale, or vice versa, of one currency for another currency with two different value dates; two parties agree upon a currency exchange on one day and simultaneously agree to unwind or reverse that transaction on a specified date in the future.
At Saxo, we provide full electronic access to trade FX forward outrights and FX swaps in 130 currency pairs with maturities from 1 day to 12 months.
To understand the FX forward outright trading conditions please click here.
For more information on FX swaps please click here.
For information on FX Forward margin requirements click here.
NDFs are tradable offline only through the Global Sales Trading desk. An initial FX margin requirement of 9% is applicable (8% maintenance margin) and 1% interest rate margin (subject to change). There is a minimum trade size of USD 100,000 or equivalent and a Net Open Position (NOP) limit of 3 million USD. A higher margin requirement may apply depending on the level of exposure. Prior to trading this product an addendum to Saxo’s General Business Terms must be signed.
NDFs are tradeable offline only with maturities from 1 day to 12 months.
The following currency pairs are available to trade: USDBRL, USDCLP, USDCOP, USDCNY, USDIDR, USDINR, USDKRW, USDPEN, USDPHP, USDTWD.
Find more information about our general charges here.
A ticket fee is charged on FX trades below the Commission Threshold. You can find the Commission Threshold for each currency pair here. The ticket fee can be found on the Trading Conditions for any particular FX pair within the platform, under the Trading rates tab.
You can review our trading conditions for Forex here.
