Trade FX options on an award-winning platform

Access 44 FX vanilla options with maturities from one day to 12 months.

Saxo platforms

Why trade FX options with Saxo Markets

  • Ultra-competitive pricing
    Trade EUR USD from 3 pips and USD JPY from 5 pips.
  • Access 44 FX options
    Trade FX options across major pairs with maturities from one day to 12 months.
  • Advanced FX Option tools
    Take advantage of extensive option chain tools, option analytics and innovative risk-management tools.
  • Expert service, trusted for 25 years
    With 600,000+ satisfied customers, Saxo Markets offers world-class service around the clock.

    Tight, all-inclusive FX option spreads

    We offer three levels of pricing depending on your account tier.

    Swipe left or right for more
    InstrumentClassicPlatinumVIP
    EUR USD5.04.03.0
    USD JPY6.05.04.0
    GBP USD8.07.05.0
    AUD USD5.04.03.0
    EUR JPY9.08.06.0
    EUR CHF8.07.06.0
    XAU USD180.0160.0140.0
    XAG USD9.58.86.5

    Please note that spreads shown are ATM 1 month minimum spreads under normal market conditions. Spreads will vary depending on the life and the strike of the option. For current ATM 1 month spreads please see the link below.

    Above spreads for currency pairs are displayed in pips whereas spreads for precious metals are shown in cents.

    Receive lower prices as you trade more with our Platinum and VIP account tiers. Learn more 

    See all FXO spreads

    Trade with flexibility

    • Wide range of maturities
      With maturities from one day to 12 months, traders can choose the expiration and strike price that best suits their strategy and market view.
    • Better risk-management
      In addition to traditional stop-loss orders, FX options offer more alternatives to controlling risk. They can be used to hedge current FX positions, or express a view on future volatility.
    • Client-centric approach
      We fully disclose our dealing practices and our commitment to transparency shows that our interests are fully aligned with yours.

      Trade FX options with advanced tools

      Trade FX options with advanced tools

      SaxoTraderGO is our powerful yet easy-to-use platform. Trade from your PC, Mac, tablet or smartphone.

      Robust option chain functionality

      Benefit from extensive charting with 50+ technical indicators, integrated Trade Signals and innovative risk management tools.

      High-quality analytics

      Our professional-grade suite of real-time reports provide detailed analysis of FX spot and options positions, across multiple pairs.

      More information

      You can review information on margin requirements here.

      Saxo offers a range of 44 FX Vanilla Options as well as 6 FX Touch Options (in Europe Touch Options are available for elective professional clients only).

      You can find additional information in our factsheet for FX Vanilla Options and our factsheet for FX Touch Options.

      Find more information about our general charges here.

      You can review our trading conditions for Forex options here.

      24-hour expert service

      24-hour expert service

      Whether you’re a high- or low-volume trader, you’ll receive first-class support tailored to your needs.

      Integrated digital support
      Access our self-service support centre, email helpdesk and a range of educational courses.

      24-hour customer service
      Get support for technical matters and account queries whenever markets are open.

      Relationship managers and sales traders
      Active traders benefit from a dedicated point of contact and access to our world-class trading experts.

      Exclusive VIP services
      Receive our very best prices, priority support and exclusive event invitations.

      Trusted for more than 25 years

      Trusted for more than 25 years

      Fully regulated
      We adhere to the strictest regulatory standards, and are fully licensed and regulated in 15 jurisdictions across Europe, the Middle East and Asia.

      Financial strength
      We’re a financially stable company with a robust balance sheet. We serve clients in 170 countries, hold USD 16bn in AUM and process 1m transactions daily.

      Multi-award winner
      We’ve been consistently recognised by our industry and have won the highest accolades for our products, platform and service.

      Ready to get started?

      Opening an account takes around 5 minutes 

      Forex Options risk warning

      An option is categorised as a red product as it is considered an investment product with a high complexity and a high risk.

      You should be aware that in purchasing Foreign Exchange Options, your potential loss will be the amount of the premium paid for the option, plus any fees or transaction charges that are applicable, should the option not achieve its strike price on the expiry date

      Certain options markets operate on a margined basis, under which buyers do not pay the full premium on their option at the time they purchase it. In this situation you may subsequently be called upon to pay margin on the option up to the level of your premium. If you fail to do so as required, your position may be closed or liquidated.

      If you write an option, the risk involved is considerably higher than buying an option. You may be liable for margin to maintain your position and a loss may be sustained well in excess of the premium received.

      By writing an option, you accept a legal obligation to purchase or sell the underlying asset if the option is exercised against you; however far the market price has moved away from the strike. If you already own the underlying asset that you have contracted to sell, your risk will be limited.

      If you do not own the underlying asset the risk can be unlimited. Only experienced persons should contemplate writing uncovered options, then only after securing full detail of the applicable conditions and potential risk exposure.

      Danish banks are required to categorise investment products offered to retail clients depending on the product’s complexity and risk as: green, yellow or red. For further information click here

      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) and Type 3 Regulated Activity (Leveraged foreign exchange trading) licenses (CE No. AVD061). Registered address: 19th Floor, Shanghai Commercial Bank Tower, 12 Queen’s Road Central, Hong Kong

      By clicking on certain links on this site, you are aware and agree to leave the website of Saxo Capital Markets, proceed on to the linked site managed by Saxo Group and where you will be subject to the terms of that linked site.

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      Please note that the information on this site and any product and services we offer are not targeted at investors residing in the United States and Japan, and are not intended for distribution to, or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Please click here to view our full disclaimer.