Trade forex on an award-winning platform

Access 182 Forex pairs across majors, minors and exotics, plus spot metals, from only 0.4 pips

Saxo platforms

Why trade Forex with Saxo Bank

  • Ultra-competitive Forex spreads
    Trade major FX pairs from 0.4 pips. Competitive entry prices and even lower rates for active traders.
  • Best-in-class execution
    Tier-1 liquidity gives higher fill-rates, fewer premature stop-outs and significant price improvements.
  • Award-winning platform
    Benefit from integrated Trade Signals, news feeds and innovative risk-management features.
  • Expert service, trusted for 25 years
    With 800,000+ satisfied customers, Saxo Bank offers world-class service around the clock.

    Tight, all-inclusive Forex spreads

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

    Swipe left or right for more
    INSTRUMENTSClassicPlatinumVIP
    EUR USD0.60.50.4
    GBP USD0.70.60.4
    XAU USD0.100.090.08
    USD JPY0.60.50.4
    AUD USD0.40.30.3
    EUR JPY0.90.80.6
    Live and historical spreadsLive and historical spreadsLive and historical spreads

    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.

     

    Whether you’re new to trading or looking to refine your knowledge, we have a range of educational videos and online courses that will suit your needs.

    In addition, our experts run a series of webinars to help you broaden your understanding of equity trading and seize market opportunities.

    Our expert strategists regularly post news, analysis and commentary to help you stay one step ahead of developments in the market.

    You can access their posts in the Insights section of our website, or directly through our trading platform.

    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 100+ 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 here.

    You can review our trading conditions for Forex here.

    Forex risk warning

    Forex is categorised as a red product as it is considered an investment product with a high complexity and a high risk.
    Danish banks are required to categorise investment products offered to retail clients depending on the product’s complexity and risk as: green, yellow or red. For further information click here

    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.