Analytical charting tools
Identify potential price ranges with the probability envelope and use the historical chart to spot patterns and optimise your strategy.
| Popular pairs | 1-month ATM minimum spread |
|---|---|
 USDJPY | 5.6 pips |
 EURUSD | 9.4 pips |
 AUDUSD | 3.56 USD cents |
No account fee
No inactivity fee
No platform fee
No minimum funding
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Efficient trade ticket
Customise your strategy with bespoke strikes and expiries, easily set the strike from your target delta, and view a clear graphical representation of payoff at expiry. -
Multi-leg strategy
Use the multi-leg ticket to trade multiple strategies with tighter spreads from risk netting across legs, plus simultaneously execute a spot position to make your strategy delta-neutral. -
Risk tracking tools
Monitor portfolio sensitivities with Greeks aggregation and use FX exposure monitoring (SaxoTrader) to manage currency risks effectively. -
Comprehensive option chain
Trade directly from the option chain and access real-time data plus crucial metrics like the Greeks and volatilities.
More reasons to trade FX options with Saxo
Select a strike price tailored to your strategy, down to 5-pip increments. You’re not limited to broad price intervals, giving you more flexibility and precise alignment for hedging.
FX options limit your risk by design—your risk is limited to the premium you pay, keeping your position active until expiration. This allows you to benefit from potential market swings over time, without the risk of an early stop-out disrupting your strategy.
You don’t need to call in to manage the exercise or expiry. You can choose either to have the FX options converted into a spot position on expiry, or to have them cash settled. (This exercise method can be changed up to one hour prior to expiry.)
For the automated cash settlement, when FX options reach expiration, any in-the-money options are automatically settled in cash. The automated cash settlement pays out the difference between the strike price and the closing market price, allowing you to realise gains without additional steps or the complexities of a physical currency transaction.
With FX options, you have the flexibility to adjust, exit, or manage your positions throughout the life of the option—giving you opportunities to react to market shifts up until expiry. FX options can be bought or sold until maturity, so you can adjust your strategy or close positions early to capitalise on favorable moves or to minimise risk.
Saxo Markets is regulated by the Monetary Authority of Singapore and is a wholly owned subsidiary of Saxo Bank A/S. It has been operating in Singapore since 2006.
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Webinars
Regular sessions designed to help you become a better investor -
News and research
Our in-house strategists deliver actionable insights across global markets, asset classes and tradable instruments directly in the platform.
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Forex analysis
Forex-specific news, sentiment-tracking tools and expert insights to help you identify your next trade.
Forex option trading FAQs
When you trade FX options, you can choose between two exercise methods (and you can change that method up to one hour prior to expiry) for options that end up in the money.
The FX options can either be converted into a spot position, or they can be cash settled. You do not need to call in to manually manage the exercise or expiry. In-the-money options will automatically settle according to your pre-defined exercise method. If the FX option is not in the money, it will automatically expire (cease to exist) at 10 am EST (GMT-5) on the expiration date.
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.
Review margin requirementsBefore you trade FX options, first ensure you understand the unique risks associated with options and how they differ from spot FX. Before you buy FX options, consider your financial goals, risk tolerance, and conduct thorough research into FX options strategies. Once your trading account is set up, you can use our platform’s resources—expert analysis, market news, and educational content—to guide your decisions and further your knowledge.
To learn about forex options in general, including different investment strategies like hedging, how the FX options expiry works, or the way markets work, check out our forex deep dive.
There are many benefits to trading FX options, which can help diversify and strengthen your portfolio depending on your goals. FX options allow you to speculate on currency pair movements with limited risk, offering flexibility to hedge or leverage your positions. Unlike traditional FX trading, FX options provide a defined maximum risk (the premium) while allowing for potential upside based on market changes. However, options come with added complexity, so understanding their structure and risks is important for effective use.
With a Saxo account, you can trade FX options on a wide range of currency pairs, selecting your own strike price and expiration to match your strategy. You can explore our trading platform to access expert analysis, news, and educational content—perfect for getting familiar with FX options before you even open an account.
Saxo Capital Markets is regulated by the Monetary Authority of Singapore. As such all client funds are kept in a segregated client funds account, separate from the company’s own money and assets.
Learn MoreWe 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.