Simplified volume-based discount pricing plan for FX Spot and Forwards

On Monday 13th November, as part of our ongoing commitment to providing you with increased transparency and quality execution, Saxo will migrate your account onto a simplified volume-based discount pricing plan for FX Spot and Forwards.

We appreciate that at times your trading volume can fluctuate, and we are therefore introducing a single flexible pricing plan that doesn't ask you to commit to a minimum monthly trading volume or commission.

The new pricing plan charges a standard commission rate of USD 50 per USD 1 million traded, subject to a minimum commission of USD 3, with the benefit of increasing discounts for larger cumulative trading volume. 

CommissionsLevel 1Level 2Level 3Level 4Level 5Level 6
Volume USDm (monthly) required0 - 5050 - 100100 - 250250 - 500500 - 1,000>1,000
Gross Commission per USDm50 USD50 USD50 USD50 USD50 USD50 USD
Discount0 USD-10 USD-20 USD-25 USD-30 USD-33 USD
Net Commission per USDm504030252017

Your trading costs improve the more volume you trade. For example:

  • If you trade over USD 50 million, you will receive a 20% (USD 10) discount on commission paid on volume traded up to USD 100 million.
  • If you trade over USD 100 million, you will receive a 40% (USD 20) discount on commission paid on volume traded up to USD 250 million.

In addition to discounted trading costs with no minimum monthly commission, you will now benefit from trading spreads as low as 0.1 pip with the added advantage that pricing in large notional trade sizes will now become much more competitive. Please click here to see the historical minimum and average spreads observed across different currency pairs and trade sizes on the new pricing plan.

Saxo believes that open and transparent markets, coupled with full alignment of interest between providers and clients offer a real opportunity for differentiation between brokers. Strong proof points of Saxo's commitment to this have been shown with the publishing of our Enhanced Disclosure Page and by formally signing up to the Global FX Code where Saxo has been a member of the Bank of England Joint Standing Committee playing a key role in the development of the code.

No further action is required from you. Saxo Capital Markets Hong Kong accounts will be migrated automatically to the new simplified volume-based discount pricing on Monday, 13th November 2017.

Please refer to the attached Q&A for more information.

Saxo Capital Markets HK Limited
19th Floor
Shanghai Commercial Bank Tower
12 Queen’s Road Central
Hong Kong

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Hong Kong S.A.R
Hong Kong S.A.R

Saxo Capital Markets HK is a company authorised and regulated by the Securities and Futures Commission of Hong Kong. Saxo Capital Markets HK Limited holds a Type 1 Regulated Activity (Dealing in securities); Type 2 Regulated Activity (Dealing in Futures Contract); Type 3 Regulated Activity (Leveraged foreign exchange trading); Type 4 Regulated Activity (Advising on securities) and Type 9 Regulated Activity (Asset Management) licenses (CE No. AVD061). Registered address: 19th Floor, Shanghai Commercial Bank Tower, 12 Queen’s Road Central, Hong Kong

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