Contract Options Commissions, Fees & Subscriptions
Online Contract Options are traded on these monthly volume-based commissions.
|Contract Currency||Trade Volume: Contracts / Month|
|1 - 250||251 - 1,000||1,000 - 5,000|
If you trade more than 5,000 contracts per month please contact us for pricing.
If no agreement exists to the contrary, you will be charged the highest price category in the table. Contact Saxo Capital Markets to apply for another price category if applicable based on previous trading volumes.
Moves to different price categories take place at the discretion of Saxo Capital Markets and always take effect from the beginning of the following month without any adjustment in commissions already paid.
When trading Contract Options at Saxo Capital Markets, there are no minimum ticket fees. Each trade is subject to a flat-rate fee based on the applicable volume bracket.
From 1 July 2017, overnight positions in Contract Options will be subject to a carrying cost.
The carrying cost will be calculated on the basis of the daily margin requirement and applied when a position is held overnight.
The funding rate used for calculating the carrying cost is based in the relevant Interbank-rate + markup (150 bps).
Carrying Cost = Margin requirement * Holding time * (Relevant Interbank rate + Markup) / (365 or 360 days)
From 1 July 2017, a Holding Fee on bought long dated Contract Options will apply.
The Holding Fee varies depending on the underlying asset class (Category) and will only apply to bought options with maturity beyond 120 days.
The fee will be calculated based on the below schedule and charged end-of-month.
|Bought Options daily holding fees per million (Nominal Value)|
|Category||Interest rates||Foreign-exchange rates and Gold||Equities||Precious metals, except gold||Commodities, except precious metals|
|< 120 days maturity||n.a.||n.a.||n.a.||n.a.||n.a.|
|>120 days maturity||0.10||0.70||1.10||1.00||1.60|
Holding Fee per day = Nominal Value / 1,000,000 * Underlying Category Fee
When trading Contract Options at Saxo Capital Markets, there are no custody fees involved.
Saxo Capital Markets does not pass any costs for using Saxo trading software to clients. Trading on SaxoTraderand SaxoTraderGO is free of charge.
Complimentary to existing live data subscriptions on Futures Exchanges, Saxo Capital Markets offers streaming Contract Options prices on the same exchanges free of charge.
This also means that you are provided with direct market access to trade Options on various underlying assets on live streaming prices without dealer intervention.
An option is categorised as a red product as it is considered an investment product with a high complexity and a high risk.
Saxo Capital Markets is required to categorise investment products offered to retail clients depending on the product’s complexity and risk as: green, yellow or red. Please refer to our "Product Risk Categorisation".
Trading in options may expose investors to potentially rapid and substantial losses. Please read Characteristics & Risks of Standardised Options prior to buying or selling an option to learn more about the characteristics and risks of exchange-traded options.
Other Risks: Spreads, straddles, and other multiple-leg option strategies can entail substantial transaction costs, including multiple commissions, which may impact any potential return. These are advanced option strategies and often involve greater and more complex risk than basic options trades.
Exercise and assignment of options, particularly American-style, may lead to substantial losses especially if a writer of the option is "uncovered." Options that expire in-the- money are subject to automatic exercise, while options that are out-of-the-money are expired. In some cases, holders of long OTM options may decide to exercise if very close to the daily settlement underlying price, e.g. "Pin Risk."