Trade forex on an award-winning platform

Access 185 Forex pairs across majors, minors and exotics, crypto, plus spot metals, from only 0.5 pips

This is what you should know about forex

Forex, or FX, involves trading one currency, such as the US dollar or Euro, for another at an agreed exchange rate. The forex market is the world’s largest market with round-the-clock trading and is highly speculative.

Forex products are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading forex with this provider. You should consider whether you understand how forex trading works and whether you can afford to take the high risk of losing your money.

Read more about FX options trading risks.

Why trade Forex with Saxo Bank

  • Ultra-competitive Forex spreads
    Trade major FX pairs from 0.5 pips. Competitive entry prices and even lower rates for active traders.
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  • Best-in-class execution
    Tier-1 liquidity gives higher fill-rates, fewer premature stop-outs and significant price improvements.
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  • Award-winning platform
    Benefit from integrated Trade Signals, news feeds and innovative risk-management features.
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  • Expert service, trusted for 30 years
    With 1,200,000 satisfied customers, Saxo Bank offers world-class service around the clock.
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    Tight, all-inclusive Forex spreads

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


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    Ways to trade FX pairs with Saxo

    Trade forex flexibly on the spot or deriviatives markets.

    • Spot FX
      Buy and sell 180+ currency pairs at their current prices.
    • Crypto FX
      Gain exposure to leading cryptocurrencies by trading them against major currencies. Read more here.
    • FX options
      Anticipate future prices with maturities from one day to 12 months. Read more here.
    • FX swaps
      Speculate on FX prices while hedging your exposure.

      Best-in-class forex execution

      Access Tier-1 liquidity to receive higher fill-rates, fewer premature stop-outs and significant price improvements.

      • Tier 1 liquidity
        To provide you with the best price possible, we derive our prices from a broad range of Tier 1 institutions. These include banks, ECNs and market-making firms with unique liquidity.
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      • Fewer premature stop-outs
        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.
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      • Significant price improvements
        Our fully customised orders offer you greater control over your trading. With no asymmetric slippage, you could benefit from significant price improvements on every trade.
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      • Full transparency of execution statistics
        We fully disclose our dealing practices and never trade against you in the market. Our commitment to transparency shows that our interests are aligned with yours.
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        Trade Forex on our award-winning trading platform

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

        Powerful Forex trading tools

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

        Trade 185 Forex spot pairs and 140 forwards

        Access 71,000+ instruments. Trade Forex, FX options, CFDs, stocks, ETFs, futures, listed options and bonds from a single cross-margin, multi-currency account.

        More information

        Our initial margin rates start at 3.33% for major FX pairs including EURUSD, USDJPY, USDCAD, EURJPY and more. If you qualify as an Elective Professional client, our initial margin rates start at 1.5% for major FX pairs.

        See a full list of our FX margin rates for retail clients as well as our FX margin rates for elective professional clients.

        Read more about FX margins for retail clients here or FX margins for professionals here.

        You can find more information about the FX value date rollover, rollover procedure and historic swap points here

        Both our SaxoTraderGO and SaxoTraderPRO platforms offer you a fast and intuitive forex trading experience.

        However, if you’d like some help getting started, we’ve put together a short guide on how to trade forex on SaxoTraderGO, which highlights the key features you’ll need.

        Derive the value of potential price improvements on every trade. Assume greater control of your trading, and achieve an optimal balance between fill ratio and price level through our fully customised orders.

        Saxo offer a variety of orders, including Market, Limit and Stop orders. To learn more please see Orders and Execution Statistics.

        To learn more about how Saxo executes orders on behalf of its clients, please refer to our Order Execution Policy.


        Whereas the FX spot market is for immediate currency trades, the FX forward market is the market for trading currencies for delivery at some point in the future. FX forward outrights enable you to agree a price today (the FX forward price) at which two currencies will be exchanged on a predetermined date in the future. FX swaps likewise enable you to agree a price today at which two transactions will be executed. An FX swap is a simultaneous purchase and sale, or vice versa, of one currency for another currency with two different value dates; two parties agree upon a currency exchange on one day and simultaneously agree to unwind or reverse that transaction on a specified date in the future.

        At Saxo, we provide full electronic access to trade FX forward outrights and FX swaps in 140 currency pairs with maturities from 1 day to 12 months.

        To understand the FX forward outright trading conditions please click here.

        For more information on FX swaps please click here

        NDFs are tradable offline only through the Global Sales Trading desk. An initial FX margin requirement of 9% is applicable (8% maintenance margin) and 1% interest rate margin (subject to change). There is a minimum trade size of USD 100,000 or equivalent and a Net Open Position (NOP) limit of 3 million USD. A higher margin requirement may apply depending on the level of exposure. Prior to trading this product an addendum to Saxo’s General Business Terms must be signed.

        NDFs are tradeable offline only with maturities from 1 day to 12 months.

        The following currency pairs are available to trade: USDBRL, USDCLP, USDCOP, USDCNY, USDIDR, USDINR, USDKRW, USDPEN, USDPHP, USDTWD.

        Find more information about our general charges and fees here.

        A ticket fee is charged on FX trades below the Commission Threshold. You can find the Commission Threshold for each currency pair here. The ticket fee for respective FX pairs can be found in the Trading Conditions on the platform under Trading rates

        You can review our trading conditions for Forex here.

        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 30 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 100+ bn USD 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.

        Get started now

        Business Hills Park – Building 4,
        4th Floor, office 401, Dubai Hills Estate, P.O. Box 33641, Dubai, UAE

        Contact Saxo

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        Trade responsibly
        All trading carries risk. Read more. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more

        Saxo Bank A/S is licensed by the Danish Financial Supervisory Authority and operates in the UAE under a representative office license issued by the Central bank of the UAE.

        The content and material made available on this website and the linked sites are provided by Saxo Bank A/S. It is the sole responsibility of the recipient to ascertain the terms of and comply with any local laws or regulation to which they are subject.

        The UAE Representative Office of Saxo Bank A/S markets the Saxo Bank A/S trading platform and the products offered by Saxo Bank A/S.