Efficient trade ticket
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Trade forex
Best Forex Broker
BrokerChooser, 2025
This is what you should know about forex
Forex, or FX, involves trading one currency for another at an agreed exchange rate. It is the world’s largest financial market, operating 24 hours a day, 5 days a week. Forex trading is highly speculative, and you should understand the risks involved.
Forex (FX) products are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading FX with this provider. You should consider whether you understand how FX trading works and whether you can afford to take the high risk of losing your money.
Read more about forex trading risks.
| Popular pairs | Minimum spread | Initial margin* |
|---|---|---|
 EURUSD | 0.5 pips | 3.33% |
 GBPUSD | 0.5 pips | 4% |
 USDJPY | 0.6 pips | 4% |
| Popular pairs | Minimum spread | Initial margin* |
|---|---|---|
 BTCUSD | USD 201 | 50% |
 ETHUSD | USD 11.50 | 60% |
 BTCEUR | USD 185 | 50% |
| Popular pairs | Minimum spread |
|---|---|
 EURUSD | 3 pips |
 USDJPY | 4 pips |
 XAUUSD | 140 pips |
Please note, these fees are indicative and may vary according to your country of residence.
*Initial margin for retail clients. Professional clients can get lower margin requirements.
No exchange fees
No third-party fees
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Technical analysis and advanced charting tools
Get integrated trade signals plus 85+ technical indicators, annotation and drawing tools, and quick trading straight from the chart. -
Extensive risk management tools
Use stop-limit orders, trailing stops, account-wide stop loss, cancel all orders, margin monitoring, FX exposure reports, and more to help manage your risk. -
Comprehensive option chain
Trade directly from the option chain and access real-time data plus crucial metrics like the Greeks and volatilities. -
Third-party tools and APIs
Tailor your setup with OpenAPI, FIX API, and plugins, including TradingView and MultiCharts.
More reasons to trade FX with Saxo
With Saxo, you’ll get an average execution speed of 0.015 seconds on market orders (May 2026 statistics) and no asymmetric slippage. Our fully customised orders offer you potential price improvements on every trade and an optimal balance between fill ratio and price level.
To protect you from being stopped out early, we trigger stop orders on the opposite side of the spread, based on a neutral price from a primary inter-bank venue.
We fully disclose our dealing practices and never trade against you in the market.
With tiered margin, the average margin requirement (“blended margin requirement”) increases with the level of exposure. As the level of exposure decreases, the margin requirement also decreases.
We use a tiered margin methodology for FX spot, forwards, and FX options.
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Webinars
Regular sessions designed to help you become a better investor -
Real-time news
Daily commentary and in-depth analysis across the global markets available directly in the platform -
Podcasts
A quick way to get up to speed on market news and upcoming risks and opportunities
Forex trading FAQs
On our trading conditions page you can find information about market orders, order routing, exchange- and market-specific conditions, corporate actions, and more.
See trading conditionsRead our margin information page to find out more about initial and maintenance margin. You can also find details about professional margin rates and how to qualify.
Review margin requirements
Review margin requirements
Protections can vary depending on the products you use, which company within our group provides them, and whether you are a retail or professional client. Saxo is subject to applicable regulatory requirements, including rules on client funds, client assets, and reporting.
For clients who have an account with Saxo Bank A/S in MENA, cash deposits and certain assets may be covered by the Danish Guarantee Fund, subject to eligibility and scheme limits. These protections do not cover investment losses or losses resulting from market movements.
Retail clients are covered by additional investor-protection requirements under EU financial regulation, which are designed to support informed decision-making. These include measures relating to disclosures, appropriateness assessments, and product governance. Professional clients are generally covered by fewer of these retail-specific protections.
Saxo licences and regulation
Investor protections for CFD trading
We offer you greater control of your trading via our fully customised orders.
See our published FX order execution statistics by month for our most traded FX spot currency pairs.
Our policy is designed to ensure client orders are executed promptly, efficiently, and with the best possible terms.
That depends on the account type you open.
For an individual account, these are the documents you’ll need to provide:
- A document as proof of identity (e.g., a passport, ID card) and a selfie.
- A document as proof of residence
Most sign-ups for individual accounts are approved digitally within a short time. However, since we cannot compromise on security checks, the process can take longer.
Open an account
Saxo has an investment-grade
S&P credit rating