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Bonds pricing
Commissions
Online Trading
| Bond type | Classic | Platinum | VIP |
|---|---|---|---|
| European government bonds | 0.20%(min. 20 EUR) | 0.10%(min. 20 EUR) | 0.05%(min. 20 EUR) |
| US government bonds * | 0.20%(min. 20 EUR) | 0.10%(min. 20 EUR) | 0.05%(min. 20 EUR) |
| European and US corporate bonds | 0.20%(min. 20 EUR) | 0.10%(min. 20 EUR) | 0.05%(min. 20 EUR) |
| Emerging Markets bonds ** | 0.20%(min. 20 EUR) | 0.10%(min. 20 EUR) | 0.05%(min. 20 EUR) |
| China Bonds Connect | 0.20% (min. 20 EUR) | 0.10% (min. 20 EUR) | 0.05% (min. 20 EUR) |
Offline Trading
| Bond type | Classic | Platinum | VIP |
|---|---|---|---|
| US GOVERNMENT BONDS** | 0.20% (min. EUR 80)* | 0.05% (min. EUR 50)* | 0.05% (min. EUR 50)* |
| EUROPEAN AND US CORPORATE BONDS | 0.20% (min. EUR 80)* | 0.10% (min. EUR 50)* | 0.10% (min. EUR 50)* |
More information
Saxo allows a percentage of the investment in certain bonds to be used as collateral for margin trading activities.
The collateral value of a bond position depends on the rating of the individual bond, as outlined below:
| Rating definition* | Collateral percentage |
|---|---|
| Highest Rating (AAA) | 95% |
| Very High Quality (AA) | 90% |
| High Quality (A) | 80% |
* as rated internally by Saxo
Example: 80% of the market value of a bond position with an A rating can be used as collateral (instead of cash) to trade margin products such as Forex, CFDs or Futures and Options.
Saxo supports 3,000 bonds offline, so there is a good chance that it can be traded offline from our bond desk. Please contact Saxo to enquire about the possibility of trading the specific bond offline. If so, it will be manually traded, but will still appear in the account summary of your account just like any other position.
Bonds have different minimum trading sizes which can be as high as 50k, 100k or 200k in the relevant currency. You can see the minimum trading sizes and increment on each bond under account > Trading conditions as well as on the trade ticket. However, there are bonds which trade in lower sizes, which may also be available (a minimum limit of 10k in € or $ on all online bonds).
Bonds can be traded online 24/5 if the relevant underlying bond market is open. Trading hours will be limited to the daylight hours where liquidity in the relevant underlying bond market is best (i.e. European government bonds are open for trading in European hours).
A wide range of the most active and liquid government and corporate bonds in Europe, US, Asia, the Middle East and Africa, as well as a limited number of Latin American bonds - in total more than 5,900 bonds - are available for online bond trading.
You can review our trading conditions for bonds here.
Read more about our general charges and custody fees for bonds on the general terms page, section about fees here.
Find more information about our general charges here.
See all our prices
