CFDs: Transaction fees that fit your needs

When you trade CFDs with Saxo Markets, you finance the traded value through an overnight credit/debit charge. If you open and close a CFD position within the same trading day, you will not be subject to overnight financing.

When you hold a CFD position overnight your CFD position will consequently be subject to the following credit or debit:

• Holding Long CFD position after 17:00 EST incurs a financing charge, which is calculated as follows:
  • Price x No. of CFDs x (Saxo Offer financing rate + markup) x (Day count convention*)

• Holding Short CFD position after 17:00 EST creates a financing credit, which is calculated as follows: 
  • Price x No. of CFDs x (Saxo Bid financing rate - markdown) x (Day count convention*)

*See Benchmark Rates

Positions held overnight in CFD Futures 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. 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).

Carrying Cost = Margin requirement * Days held * (Saxo Offer Financing Rate + Markup) / (365 or 360 days)

The Bid/Ask spread will be equal to the minimum target spread in approx. 99% of the quote updates, during the opening hours of the underlying cash market.

This gives clients an improved trading experience and a high degree of certainty with regards to trading costs associated with entering and closing CFD Index Tracker positions.

Please note that Fixed spreads are available for selected CFD indices only under normal market conditions up to the trade amounts listed in the table below.

Index Tracker Name		Symbol	Trade amount (contracts)*
North America
	US 30 Wall Street	US30.I	15
	US 500	US500.I	100
	US Tech 100 NAS	USNAS100.I	25
Europe
	EU Stocks	EU50.I	100
	France 40	FRA40.I	10
	Germany 40	GER40.I	10
	Italy 40	ITALY40.I	10
	Netherlands 25	NETH25.I	10
	Spain 35	SPAIN35.I	20
	Sweden 30	SWE30.I	100
	Switzerland 20	SWISS20.I	10
	UK 100	UK100.I	20
Asia / Pacific
	Australia 200	AUS200.I	10
	Japan 225	JPY225.I	1,000
	Hong Kong	HK50.I	25

* Based on the Bid/Ask spread of all CFD index trackers (with fixed spreads enabled) during trading hours. Measured on 01/09/2016. Please note that fixed spreads only apply under normal market conditions and up to a certain trade size.

Find more information about our general charges here.