Earn cash rebates on your FX and CFD trades

You will earn monthly rebates when you trade FX or CFD indices above USD 10M in notional value, on our Classic, Platinum and VIP account tiers.

How to earn cash rebates

Our cash rebates are simple and transparent, paid automatically to all clients meeting the threshold on the Classic, Platinum and VIP account tiers.

Simply trade above USD 10M (or equivalent) in notional value in FX or CFD Indices in a calendar month and start earning attractive rebates – details in the table below. Rebates will be credited to your Saxo account within five business days, from the start of the following month.​

Swipe left or right for more
Trade VolumeTrade VolumeTrade Volume
FX - min. notional tradedUSD 10M – 25MUSD 25M – 50M> USD 50M
CFD indices - min. notional tradedUSD 10M – 25MUSD 25M – 50M> USD 50M
Rebate per USD M traded above min. notionalUSD 3USD 5USD 10

Example – Client trading FX and CFD Indices

Swipe left or right for more
Traded Notional value (NV)USD 20.15M
(rounded to USD 20M)
USD 45MUSD 312.6M
(rounded to USD 313M)​
On the first USD 10M​NilNilNil
On the next USD 10-25M​​10 x USD 315 x USD 315 x USD 3
On the next USD 25-50MNil20 x USD 525 x USD 5
Above USD 50MNilNil263 x USD 10
Total cash rebate earntUSD 30USD 145USD 2,800

How do Saxo’s cash rebates compare?

We encourage you to compare pricing, rebate schemes and offers across FX and CFD providers in Singapore. IG, for instance, offer rebates to their clients trading above a minimum notional value of USD 50M in FX. To earn USD 10 per million USD traded through IG’s offer, the threshold is USD 300M.
(Source ig.com/sg/ 21 Feb 2023)

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Frequently asked questions

Our cash rebates are simple and transparent. When you trade above the threshold on the eligible products, you will automatically earn cash rebates. These will be credited to your account within the first five business days of the following month.

Rebates are earnt on each USD 1M in notional value traded above the thresholds in FX or CFD indices separately. For the purposes of calculating rebates, the notional value of FX and CFD indices are considered separately – rather than totalled - and notional values are rounded up or down to the nearest USD 1M.

You will earn cash rebates on both FX and CFD indices when you trade above the threshold in notional value in both FX and CFD indices, on our Classic, Platinum or VIP account tiers.

All direct clients – retail and corporate who trade above the thresholds shown above, are automatically eligible to earn cash rebates.

No action is required by you.

Rebates are earnt based on the notional value of FX and CFD Indices traded throughout a calendar month. They are then calculated at the end of the month, and credited to your account within the first five business days of the following month.

1) Saxo will award cash rebates (“Cash Rebates”) to a Client with reference to the actual notional value of the Client’s trades that exceed the prescribed minimum notional value (“Minimum Volume”) per instrument class that is prescribed on Saxo’s Website (“Eligible Instruments”), on a calendar month basis. The Cash Rebate will not directly increase or decrease any fees, commissions, spreads or other charges applied by Saxo toward the Client.

2) For the purpose of assessing the Cash Rebate to be awarded, Saxo will:

  1. Only consider trade orders which have been filled as a trade;
  2. Assess the actual notional value of trades made by the Client separately for each class of Eligible Instruments (i.e. not across the classes of Eligible Instruments cumulatively);
  3. Assess the actual notional value of trades made by the Client for each class of Eligible Instruments across all Accounts of the Client and in doing so, apply a currency conversion rate as Saxo reasonably determines;
  4. Round up or round down the actual notional value of the Eligible Instruments traded by the Client to the nearest USD 1 million; and
  5. Assess the actual notional value of trades made by the Client at the end of each calendar month.

3) The amount of Cash Rebate to be awarded to a Client is dependent on the Client’s account tier and may differ between types of Eligible Instruments. The amount of Cash Rebate to be awarded for trades on Eligible Instruments and the applicable Minimum Volume will be published on Saxo’s Website.

4) When awarding Cash Rebates to a Client, Saxo will:

  1. Credit such Cash Rebates to the Account designated as the main trading account of the Client during the following calendar month; and
  2. If the main trading account of the Client is not denominated in USD, convert the Cash Rebate into the currency of the main trading account at such conversion rate as Saxo reasonably determines.

5) Saxo reserves the right to determine at its sole and absolute discretion all matters arising out of or in connection with Cash Rebates, including eligibility and the applicable criteria. Saxo’s determination of all matters relating to Cash Rebates shall be final and conclusive.

6) Saxo reserves the right, and has sole and absolute discretion, to prohibit any Client from being eligible for Cash Rebates, from utilising Cash Rebates, and to revoke any Cash Rebates, in the event that Saxo determines, at its sole and absolute discretion, that these Terms have not been complied with, including but not limited to the following:

  1. where the Client has acted fraudulently or dishonestly;
  2. where the Client has conducted himself/herself in bad faith or otherwise in an inappropriate manner to gain an unfair advantage against Saxo; and/or
  3. where the Client has acted in a manner which is generally inconsistent with the intended operation of the granting and use of Cash Rebates.

In such event, the Client shall not be entitled to any payment or compensation from Saxo.

7) All capitalised terms not defined above shall have the same meanings as defined in the General Business Terms.

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