Pricing Overview

Value for money with Saxo's transparent pricing structure

We believe that FX prices should be competitive and transparent and never burdened with false incentives. That’s why we offer volume-based fees that allow you to benefit from more attractive prices as your activity increases. And any time you trade with Saxo, you also gain access to reliable technology and supporting services.

This is is what we mean by value for money.

Pricing structures

Forex

FX Volume-based Discount Plan

Commissions level Volume USDm (monthly) required Gross Commission per USDm Discount Net commission per USDm
Level 1 0 - 50 50 USD 0 USD 50 USD
Level 2 50 - 100 50 USD -10 USD 40 USD
Level 3 100 - 250 50 USD -20 USD 30 USD
Level 4 250 - 500 50 USD -25 USD 25 USD
Level 5 500 - 1,000 50 USD -30 USD 20 USD
Level 6 > 1,000 50 USD -33 USD 17 USD
  • Competitive and transparent pricing from as low as 0.1 pips, plus commission
  • Increasing commission discounts for larger cumulative trading volume
  • Consistency in spread across notional trade sizes
  • No minimum monthly commission fee
  • Designed for pricing simplicity

The FX Volume-based Discount Plan serves low-volume traders equally as well as it does high-volume traders, taking into account that trading volumes can fluctuate. We charge a standard commission rate of $50 per $1 million traded, with the benefit of increasing discounts for larger cumulative trading volume, i.e. the more volume traded, the cheaper trading costs (commission) become.

For Example:

  • If you trade over $50 million, you will receive a 20% ($10) discount on commission paid on volume traded up to $100 million.
  • If you trade over $100 million, you will receive a 40% ($20) discount on commission paid on volume traded up to $250 million.
  • If you trade over $250 million, you will receive a 50% ($25) discount on commission paid on volume traded up to $500 million.
  • If you trade over $500 million, you will receive a 60% ($30) discount on commission paid on volume traded up to $1,000 million.
  • If you trade over $1,000 million, you will receive a 66% ($33) discount on commission paid on volume traded in excess of $1,000 million

Bonds

We deliver competitive pricing and tight spreads through our global access to source liquidity.

Volume-based Pricing
With volume-based pricing commission is based on your trading activity - the more you trade the less you pay.

Market Commission from
European government bonds 0.05% (minimum 50 EUR) *
US government bonds 0.05% ** (minimum 50 EUR) *
European an US corporate bonds 0.10% (minimum 50 EUR) *
Emerging Markets bonds 0.10% (minimum 50 EUR) *
Market Commission from
European government bonds 0.20% (minimum 80 EUR) *
US government bonds 0.20% ** (minimum 80 EUR) *
European an US corporate bonds 0.20% (minimum 80 EUR) *
Emerging Markets bonds 0.20% (minimum 80 EUR) *

* The equivalent if traded in another currency.
** For US government bonds there is an additional external execution fee of 0.0004% embedded in the price.

Rates and Conditions

Contract Options

We deliver access to competitive pricing and tight spreads – all in one click. Use our platform to trade on live streaming prices for full transparency.

Volume-based Pricing

With volume-based pricing, commissions are based on your trading activity - the more you trade the less you pay.

Contract currency Commission from*
GBP 1.25
EUR 1.50
USD 1.50
CAD 1.50
CHF 2.00
AUD 2.50

* Negotiable commissions with high volume.

Rates and Conditions

Equities

Active Pricing

If you execute 100 trades or more per calendar month on Stocks and ETFs, you qualify for an Active Pricing Plan with very competitive rates.

 
London Stock Exchange
from 5 GBP
 
NASDAQ & NYSE
from 7 USD
 
Deutsche Börse (XETRA)
from 9 EUR
 
Australia Securities Exchange
from 7 bps
 
Hong Kong Exchange
from 8 bps
 
Singapore Exchange
from 12 bps
 
Tokyo Stock Exchanges
from 8 bps
 
London Stock Exchange
from 8 GBP
 
NASDAQ & NYSE
from 9.9 USD
 
Deutsche Börse (XETRA)
from 12 EUR
 
Australia Securities Exchange
from 10 bps
 
Hong Kong Exchange
from 8 bps
 
Singapore Exchange
from 15 bps
 
Tokyo Stock Exchanges
from 15 bps

* Examples of lowest local market pricing

Rates and Conditions

Equity Options

We deliver access to competitive pricing and tight spreads – all in one click. Use our platform to trade on live streaming prices for full transparency.

Volume-based Pricing

With volume-based pricing, commissions* are based on your trading activity - the more you trade the less you pay.

Contract currency Commissions as low as*
GBP 1.50
EUR 2.00
USD 2.00
CAD 3.00
CHF 3.00
HKD 20.00

* Negotiable commissions with high volume, commissions do not include exchange fees

Rates and Conditions

Futures

We deliver access to competitive pricing and tight spreads – all in one click. Use our platform to trade on live streaming prices for full transparency.

Volume-based Pricing

With volume-based pricing, commissions* are based on your trading activity - the more you trade the less you pay.

Contract currency Commissions as low as*
GBP 1.25
EUR 1.50
USD 1.50
CAD 1.50
CHF 2.00
AUD 2.50

* Negotiable commissions with high volume.

Rates and Conditions

FX Options

We deliver access to competitive pricing and tight spreads – all in one click. 
Use our platform to trade on live streaming prices for full transparency.

FX crosses Lowest spread*
EUR USD 0.0005
GBP USD 0.0008
EUR CHF 0.0008
AUD USD 0.0004
XAU USD 1.90

* Negotiable commissions with high volume.

Rates and Conditions

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