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

Forex Trading with Saxo Markets

  • Ultra-competitive FX spreads
    Trade major FX pairs from 0.4 pips. Competitive entry prices and even lower rates for active forex 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 Markets offers world-class service around the clock.

    Tight, all-inclusive Forex Trading spreads

    See how our entry prices compare to our competitors'.

    Instrument
    EUR USD0.6 0.60.70.80.6
    USD JPY0.6 0.70.70.80.7
    GBP USD0.7 0.91.01.40.8
    AUD USD0.5 0.60.710.7
    EUR JPY0.7 1.51.51.51.0

    Source: Comparable pricing available on websites of respective brokers as of 12 May 2020.
    Saxo prices are indicative of prevailing classic tier pricing. For most up to date pricing, existing clients should refer to the trading platform.


    Receive lower prices as you trade more with our Platinum and VIP account tiers. Learn more

    See all FX prices

    Frequently asked questions

    Our initial margin rates start at 5% for major FX pairs including EURUSD, USDJPY, USDCAD, EURJPY and more. If you qualify as an Accredited Investor, our initial margin rates start at 2% for major FX pairs.

    See a full list of our FX margin rates for retail clients.

    Read more about Forex margins here.

    You can find more information about the FX value date rollover, rollover procedure and historical 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 forex 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.

    Saxo Capital Markets Pte Ltd ('Saxo Markets') is a company authorised and regulated by the Monetary Authority of Singapore (MAS) [Co. Reg. No.: 200601141M ] and is a wholly owned subsidiary of Saxo Bank A/S, headquartered in Denmark. Please refer to our General Business Terms & Risk Warning to consider whether acquiring or continuing to hold financial products is suitable for you, prior to opening an account and investing in a financial product.

    Trading in financial instruments carries various risks, and is not suitable for all investors. Please seek expert advice, and always ensure that you fully understand these risks before trading. Trading in leveraged products such as Margin FX products may result in your losses exceeding your initial deposits. Saxo Markets does not provide financial advice, any information available on this website is ‘general’ in nature and for informational purposes only. Saxo Markets does not take into account an individual’s needs, objectives or financial situation.

    The Saxo trading platform has received numerous awards and recognition. For details of these awards and information on awards visit www.home.saxo/en-sg/about-us/awards.

    The information or the products and services referred to on this website may be accessed worldwide, however is only intended for distribution to and use by recipients located in countries where such use does not constitute a violation of applicable legislation or regulations. Products and Services offered on this website is not intended for residents of the United States and Japan. Please click here to view our full disclaimer.

    This advertisement has not been reviewed by the Monetary Authority of Singapore.