CFDs: Transaction fees that fit your needs

You have different transaction fees depending on the plan you are on. For high-volume trading, you can upgrade your plan and get lower transaction fees. Learn more about our plans.

If you are already a client, please check your pricing information in the platform. The fees below only apply to new clients.

Execution prices

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

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ExchangeClassicPlatinumVIP

North America

US exchanges
0.02 USD/Share
(min. 10 USD)
0.015 USD/Share
(min. 7 USD)
0.01 USD/Share
(min. 3 USD)
Canadian exchanges
0.03 CAD/Share
(min 20 CAD)
0.02 CAD/Share
(min 15 CAD)
0.015 CAD/Share
(min 10 CAD)

Europe

Euro exchanges *
0.10%
(min. 10 EUR)
0.07%
(min: 8 EUR)
0.05%
(min: 6 EUR)
Athens Exchange
0.35% (min. 12 EUR)0.30% (min. 12 EUR)0.30% (min. 12 EUR)
Budapest Stock Exchange
0.50% (min. 6,000 HUF)0.40% (min. 5,000 HUF)0.30% (min. 5,000 HUF)
Johannesburg Stock Exchange
0.25% (min. 100 ZAR)0.20% (min. 80 ZAR)0.15% (min. 80 ZAR)
London Stock Exchange
0.10% (min. 8 GBP)0.07% (min. 7 GBP)0.05% (min. 5 GBP)
London Stock Exchange (IOB)
0.10% (min. 20 USD)0.08% (min. 15 USD)0.06% (min. 12 USD)
Milan Stock Exchange **
0.17% (min. 12 EUR)0.15% (min. 10 EUR)0.13% (min. 8 EUR)
NASDAQ OMX Copenhagen
0.10% (min. 65 DKK)0.07% (min. 50 DKK)0.05% (min. 50 DKK)
NASDAQ OMX Stockholm
0.10% (min. 65 SEK)0.07% (min. 50 SEK)0.05% (min. 50 SEK)
Oslo Stock Exchange
0.10% (min. 65 NOK)0.08% (min. 50 NOK)0.06% (min. 50 NOK)
Prague Stock Exchange
0.28% (min. 500 CZK)0.25% (min. 350 CZK)0.25% (min. 350 CZK)
SIX Swiss Exchange
0.10% (min. 12 CHF)0.07% (min. 10 CHF)0.05% (min. 8 CHF)
Warsaw Stock Exchange
0.30% (min. 75 PLN)0.25% (min. 65 PLN)0.20% (min. 65 PLN)

Asia

Australian Securities Exchange
0.10% (min. 8 AUD)0.07% (min. 8 AUD)0.05% (min. 8 AUD)
Hong Kong Exchanges *
0.25% (min. 100 HKD)0.22% (min. 80 HKD)0.20% (min. 60 HKD)
Singapore Exchange *
0.20% (min. 25 SGD)0.16% (min. 20 SGD)0.14% (min. 15 SGD)
Tokyo Stock Exchange
0.15% (min. 1,500 JPY)0.12% (min. 1,000 JPY)0.10% (min. 1,000 JPY)

* Euro Exchanges include BME Spanish Exchanges, Deutsche Börse (XETRA), Euronext Amsterdam (AEX), Euronext Brussels, Euronext Dublin, Euronext Lisbon, Euronext Paris, Luxembourg Stock Exchange, Milan Stock Exchange, NASDAQ OMX Helsinki, Vienna Stock Exchange.
** Rates include 'DMA surcharges' to cover transaction tax, stamp duty, exchange and regulatory fees etc. associated with carrying out a CFD Direct Market Access transaction.

Other costs

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

 Overnight financing markup/down ratesClassic PlatinumVIP
 Index CFDs and Single Stock CFD's   
 Long/Short positions+/-3.00% +/-3.00% +/-2.00% 

Short positions on single stock CFDs held overnight are subject to a borrowing fee, which is related to the cost of borrowing the underlying shares in the market. The fee varies for each CFD, depending on market conditions and the availability of shares. Instruments in high demand for short selling on the broader market can experience an increased cost of borrowing the underlying shares.

The borrowing rate will be fixed when the position is opened, at a minimum of 0.50%, and will be charged on a monthly basis. Please note that for certain corporate action events the borrowing rate on the short position may be reset to the current rate in the market upon 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.

See all our prices

Get ultra-competitive spreads and commissions across all asset classes, and receive even better rates as your volume increases. 

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E14 5DA
London
United Kingdom

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