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We offer three levels of pricing depending on your account tier. All prices have an equivalent if traded in another currency.
|European government bonds||0.20% (min. EUR 80)||0.10% (min. EUR 60)||0.05% (min. EUR 50)|
|US government bonds *||0.20% (min. EUR 80)||0.10% (min. EUR 60)||0.05% (min. EUR 50)|
|European and US corporate bonds||0.20% (min. EUR 80)||0.10% (min. EUR 60)||0.05% (min. EUR 50)|
|Emerging markets bonds **||0.20% (min. EUR 80)||0.10% (min. EUR 60)||0.05% (min. EUR 50)|
Orders are routed straight to an optimised digital dealer auction, where the top end of 50+ liquidity providers compete for your order and return the best possible price for an instant trade.
With direct electronic access to liquidity providers, we eliminate manual processes across the value chain of traditional bond trading - so that you can benefit from significantly lower commissions.
We source liquidity from our network of more than 50+ tier 1 liquidity providers in the global OTC market, covering the US, EU and emerging markets including LATAM, APAC and MENA.
See the price of our most traded bonds over the past 24 hours.
Cooperatieve Rabobank 2.188% FRN PERP, EUR
Deutsche Bank 3.75% PERP CALL, EUR
ASR Nederland 5% PERP CALL, EUR
United States of America 2% 30 Nov 2022, USD
Russian Federation 7.6% 20 Jul 2022, RUB
SaxoTraderGO is our powerful yet easy-to-use platform. Trade from PC, Mac, tablet or smartphone.
Benefit from extensive charting with 50+ technical indicators, integrated Trade Signals, and innovative risk-management tools.
Access 40,000+ instruments. Trade FX, FX options, CFDs, stocks, ETFs, futures, listed options and bonds from a single cross-margin, multi-currency account.
Saxo Markets allows a percentage of the investment in certain bonds to be used as collateral for margin trading activities.
The collateral value of a bond position depends on the rating of the individual bond, as outlined below:
|Rating definition*||Collateral percentage|
|Highest Rating (AAA)||92%|
|Very High Quality (AA)||90%|
|High Quality (A)||80%|
Example: 80% of the market value of a bond position with an A rating can be used as collateral (instead of cash) to trade margin products such as Forex, CFDs or Futures and Options.
Please note that Saxo Markets reserves the right to decrease or remove the use of bond positions as collateral.
For further guidance or to request the rating and collateral treatment of a specific or potential bond position, please contact your Account Manager.
Saxo supports 33,000 bonds offline, so there is a good chance that it can be traded offline from our bond desk. Please contact Saxo to enquire about the possibility of trading the specific bond offline. If so, it will be manually traded, but will still appear in the account summary of your account just like any other position.
Bonds have different minimum trading sizes which can be as high as 50k, 100k or 200k in the relevant currency. You can see the minimum trading sizes and increment on each bond under account > Trading conditions as well as on the trade ticket. However, there are bonds which trade in lower sizes, which may also be available (a minimum limit of 10k in € or $ on all online bonds).
Bonds can be traded online 24/5 if the relevant underlying bond market is open. Trading hours will be limited to the daylight hours where liquidity in the relevant underlying bond market is best (i.e. European government bonds are open for trading in European hours).
A wide range of the most active and liquid government and corporate bonds in Europe, US, Asia, the Middle East and Africa, as well as a limited number of Latin American bonds - in total more than 5,000 bonds - are available for online bond trading.
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.
We adhere to the strictest regulatory standards, and are fully licensed and regulated in 15 jurisdictions across Europe, the Middle East and Asia.
We’re a financially stable company with a robust balance sheet. We serve clients in 170 countries, hold 80 bn USD in AUM and process 1m transactions daily.
We’ve been consistently recognised by our industry and have won the highest accolades for our products, platform and service.