CFD pricing

Find details of our industry-leading CFD prices and low trading costs.

Execution prices

We have three pricing tiers. Pay less as you trade more.
Learn more about our account tiers

Index TrackerSpread(1) ClassicSpread(1) PlatinumSpread(1) VIPContract SizeCurrencyFractional amountTrading Hours(2)

North America

US Tech 100 NAS
1.000.700.501 indexUSD0.0118:00 - 17:00
US 30 Wall Street
3.002.002.001 indexUSD0.0118:00 - 17:00
US 500
0.500.500.401 indexUSD0.118:00 - 17:00

Europe

Belgium 20
13.0012.0012.001 indexEUR-09:10 - 17:25
Denmark 25
2.501.250.751 indexDKK-09:05 - 16:55
EU Stocks 50
2.001.751.501 indexEUR0.101:15 - 22:00
France 40
2.001.501.001 indexEUR0.0108:00 - 22:00
Germany 40
1.001.000.901 indexEUR0.0102:15 - 22:00
Germany Mid-Cap 50
15.0010.007.001 indexEUR0.0109:10 - 17:25
Germany Tech 30
4.504.004.001 indexEUR0.109:10 - 17:25
Italy 40
12.00 *11.00 *11.00 *1 indexEUR0.0109:01 - 17:30
Netherlands 25
0.250.200.181 indexEUR0.108:00 - 22:00
Norway 25
1.000.900.801 indexNOK-09:10 - 16:20
Portugal 20
25.0020.0015.001 indexEUR-08:10 - 16:25
South Africa 40
10.008.007.001 indexZAR0.108:30 - 17:30
Spain 35
8.006.504.001 indexEUR0.0108:00 - 20:00
Sweden 30
0.650.550.451 indexSEK0.109:00 - 17:25
Switzerland 20
3.002.501.751 indexCHF0.0108:00 - 22:00
UK 100
1.000.900.851 indexGBP0.0101:00 - 21.00
UK Mid 250
44.0042.0040.001 indexGBP0.0109:05 - 16.55

Asia

Australia 200
1.501.401.251 indexAUD0.0109:50 - 08:00(2)
Hong Kong
12.0011.0010.001 indexHKD0.109:15 - 03:00(2)
Japan 225
12.0010.008.001 indexJPY-08:30 - 06:15(2)

All prices shown on this page are offered to new Saxo clients. Existing clients can access pricing information directly in the trading platform.

Actual price varies based on the country of client residence.

Index-tracking CFD contract details (expiring)

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Index TrackerSpread(1) ClassicSpread(1) PlatinumSpread(1) VIPContract SizeCurrencyTrading Hours(2)
US2000
0.500.400.401 indexUSD20:01 - 16:00
China 50
12.0011.0011.001 indexUSD09:01 - 01:55
India 50
4.003.003.001 indexUSD09:01 - 01:55
Singapore
0.300.200.201 indexSGD08:31 - 01:55
Taiwan
0.400.300.301 indexUSD08:46 - 01:55

* Italy 40: Italian derivatives are subject to Italian Financial Transaction Tax (Stamp duty) which is applied for both buys and sells. Click here for more information about the Italian Financial Transaction Tax (IFTT). Also, an additional charge of 2 bps. (0.02%) of the trade amount is applied, to cover Saxo Bank’s increased cost of execution and hedging due to IFTT.

(1) Spreads: the spreads indicated are minimum spreads and depend on the spread of the underlying futures contract. If the underlying future trades at a spread that is larger than the minimum spread, the Index spread will be increased with the additional spread from the future. Example: Germany 40 normal spread is 1.5 index points if the future spread is 0.5 indicating normal conditions. If the liquidity is low in the future and the spread is 1, the Index spread will be 1.5 + (1 - 0.5) = 2.

(2) Trading hours are stated in the local hours of the underlying exchange - please note that the Hong Kong Index trading session has a mid-session break between 12:00-13:00 and an evening break between 16:30-17:15, the trading session in Japan 225 has a break between 15:25 and 15:55 and the Australia 200 there is a break between 16:30 and 17:10. For CHINA50 there is a mid-session break between 15:55 and 16:41. For INDIA50 there is a mid-session break between 18:05 and 19:16.For SINGAPORE there is a mid-session break between 17:10 and 18:16. For TAIWAN there is a mid-session break between 13:45 and 14:36.

All prices shown on this page are offered to new Saxo clients. Existing clients can access pricing information directly in the trading platform.

Actual price varies based on the country of client residence.

Other costs

As Index CFDs at Saxo Markets are margined products, 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 are not subject to overnight financing. When you hold an Index CFD position overnight, your CFD position will consequently be subject to the following credit or debit:

  • Holding Long CFD Stock Index Tracker positions after 17:00 EST (New York time) incurs a financing charge which is calculated as follows:
    • Index Value * Number of CFDs * (Saxo Offer financing rate + 2.50%) * (Actual Number of Days/360 or Actual Number of Days/365)
  • Holding Short positions after 17:00 EST (New York time) creates a financing credit which is calculated as follows:
    • Index Value * Number of CFDs * (Saxo Bid financing rate – 3.00%) * (Actual Number of Days/360 or Actual Number of Days/365)

As Single Stock CFDs at Saxo Markets are a margined product, 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 are not subject to overnight financing. When you hold a Single Stock CFD position (or an ETF/ETC CFD position) overnight, i.e. have an open CFD position at close of market on the Stock Exchange, your CFD position will consequently be subject to the following credit or debit

  • When you hold a long CFD position, you are subject to a debit calculated on the basis of the relevant Saxo Offer financing rate for the currency in which the underlying share is traded plus a mark-up (times Actual Days/360 or Actual Days/365).

  • When you hold a short CFD position, you receive a credit calculated on the basis of the relevant Saxo Bid financing rate for the currency in which the underlying share is traded minus a mark-down (times Actual Days/360 or Actual Days/365).

The credit/debit is calculated on the total nominal value of the underlying Stocks at the time the CFD contract is established (whether long or short).

MarketSymbolLong positions (mark-up)Short positions (mark-down)

North America & Canada

NASDAQNASDAQ & NSC+3.50%-3.00%
New York Stock ExchangeNYSE & ARCA+3.50%-3.00%
NYSE MKTAMEX+3.50%-3.00%
Toronto Stock ExchangeTSE+3.50%-3.00%

Europe / Middle East / Africa

Athens ExchangeAT+4.50%-4.00%
BME Spanish ExchangesSIBE+3.50%-3.00%
Budapest Stock ExchangeBUX+3.50%-3.00%
Deutsche Börse (XETRA)FSE+3.50%-3.00%
Irish Stock ExchangeISE+3.50%-3.00%
Johannesburg Stock ExchangeJSE+5.00%-3.50%
London Stock ExchangeLSE_SETS+3.50%-3.00%
London Stock Exchange (IOB)LSE_INTL+3.50%-3.00%
Milan Stock ExchangeMIL+3.50%-3.00%
NASDAQ OMX CopenhagenCSE+3.50%-3.00%
NASDAQ OMX HelsinkiHSE+3.50%-3.00%
NASDAQ OMX StockholmSSE+3.50%-3.00%
NYSE Euronext Amsterdam (AEX)AMS+3.50%-3.00%
NYSE Euronext BrusselsBRU+3.50%-3.00%
NYSE Euronext LisbonLISB+3.50%-3.00%
NYSE Euronext ParisPAR+3.50%-3.00%
Oslo Stock ExchangeOSE+3.50%-3.00%
Prague Stock ExchangePRA+3.00%-5.00%
SIX Swiss ExchangeSWX & VX+3.50%-3.00%
Vienna Stock ExchangeVIE+3.50%-3.00%
Warsaw Stock ExchangeWSE+3.50%-3.00%

Asia / Pacific

Australian Securities ExchangeASX+3.50%-3.00%
Hong Kong ExchangesHKEX+3.50%-3.00%
Singapore ExchangeSGX-ST+3.50%-3.00%
Tokyo Stock ExchangeTYO+3.50%-3.00%

A borrowing cost may be applied to short Single Stock CFD positions held overnight. This borrowing cost is dependent on the liquidity of the underlying Stocks and may be zero (0) for high liquidity Stocks. The specific borrowing rate for a Stock can be seen as the 'Borrowing Rate' under 'Account' > 'Trading Conditions' > 'CFD Stock/Index Instrument List' in the trading platforms.

When selling a CFD, the borrowing cost for holding the position overnight is shown in the CFD Trade module in the 'Estimated borrowing cost per day' field. The borrowing rate will be fixed when the position is opened and will be charged on a monthly basis. Please be aware, that for certain corporate action events, the borrowing rate on the short position may be reset to the current rate in the market, upon the execution of the corporate action.

If you open and close a CFD position within the same trading day, you are not subject to borrowing costs.

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 NameSymbolTrade amount (contracts)*

North America

US 30 Wall StreetUS30.I15
US 500US500.I100
US Tech 100 NASUSNAS100.I25

Europe

EU StocksEU50.I100
France 40FRA40.I10
Germany 40GER40.I10
Italy 40ITALY40.I10
Netherlands 25NETH25.I10
Spain 35SPAIN35.I20
Sweden 30SWE30.I100
Switzerland 20SWISS20.I10
UK 100UK100.I20

Asia / Pacific

Australia 200AUS200.I10
Japan 225JPY225.I1,000
Hong KongHK50.I25

* 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.

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