CFDs: Transaction fees that fit your needs

You have different transaction fees depending on the plan you are on. For high-volume trading, you can upgrade your plan and get lower transaction fees. Learn more about our plans.

If you are already a client, please check your pricing information in the platform. The fees below only apply to new clients.

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	Bronze	Silver	Spread Gold	Platinum	Diamond	Fractional amount	Trading hours⁽²⁾
Asia / Pacific
Australia 200	2	2	2	1.5	1	0.01	09:50 - 08:00⁽²⁾
Hong Kong	7	7	7	6	5	0.1	09:15 - 03:00⁽²⁾
Japan 225	10	10	10	8	6	-	08:30 - 06:15⁽²⁾
North America
US Tech 100 NAS	1	1	1	0.7	0.5	0.01	18:00 - 17:00
US 30 Wall Street	1.8	1.8	1.8	1.6	1.4	0.01	18:00 - 17:00
US 500	0.6	0.6	0.6	0.5	0.4	0.1	18:00 - 17:00
European
Belgium 20	13	13	13	12	12	-	09:10 - 17:25
Denmark 25	3.5	3.5	3.5	2.50	2.00	-	09:05 - 16:55
EU Stocks 50	1.5	1.5	1.5	1.5	1.5	0.1	02:15 - 22:00
France 40	1	1	1	1	1	0.01	08:01 - 22:00
Germany 40	2	2	2	1.5	1	0.1	02:15 - 22:00
Germany Mid-Cap 50	35	35	35	30	25	0.1	09:10 - 17:25
Germany Tech 30	4.5	4.5	4.5	4	4	0.1	09:10 - 17:25
Italy 40	12.00 *	12.00 *	12.00 *	11.00 *	11.00 *	0.1	09:01 - 17:30
Netherlands 25	0.25	0.25	0.25	0.2	0.18	0.1	08:00 - 22:00
Norway 25	1	1	1	0.9	0.8	-	09:10 - 16:20
Portugal 20	25	25	25	20	15	-	08:10 - 16:25
South Africa 40	10	10	10	8	7	0.1	08:30 - 17:30
Spain 35	8	8	8	6.5	4	0.01	08:00 - 20:00
Sweden 30	0.65	0.65	0.65	0.55	0.45	0.1	09:00 - 17:25
Switzerland 20	3	3	3	2.5	1.75	0.01	08:00 - 22:00
UK 100	2	2	2	1.5	1	0.01	01:00 - 21.00
UK Mid 250	44	44	44	42	40	0.01	09:05 - 16.55

Index CFDs contract details (expiring)

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	Bronze	Silver	Spread Gold	Platinum	Diamond	Trading hours
US2000	0.5	0.5	0.5	0.4	0.4	20:01 - 16:00
China 50	12	12	12	11	11	09:01 - 01:55
India 50	4	4	4	3	3	09:01 - 01:55
Singapore	0.3	0.3	0.3	0.2	0.2	08:31 - 01:55
Taiwan	0.4	0.4	0.4	0.3	0.3	08:46 - 01:55

* Italy 40: Italian derivatives are subject to Italian Financial Transaction Tax (Stamp duty) which is applied for both buys and sells. Click here for more information about the Italian Financial Transaction Tax (IFTT). Also, an additional charge of 2 bps. (0.02%) of the trade amount is applied, to cover Saxo Market’s increased cost of execution and hedging due to IFTT.

(1) Spreads: the spreads indicated are minimum spreads and depend on the spread of the underlying futures contract. If the underlying future trades at a spread that is larger than the minimum spread, the Index spread will be increased with the additional spread from the future. Example: Germany 40 normal spread is 1.5 index points if the future spread is 0.5 indicating normal conditions. If the liquidity is low in the future and the spread is 1, the Index spread will be 1.5 + (1 - 0.5) = 2.

(2) Trading hours are stated in the local hours of the underlying exchange - please note that the Hong Kong Index trading session has a mid-session break between 12:00-13:00 and an evening break between 16:30-17:15, the trading session in Japan 225 has a break between 15:25 and 15:55 and the Australia 200 there is a break between 16:30 and 17:10. For CHINA50 there is a mid-session break between 15:55 and 16:41. For INDIA50 there is a mid-session break between 18:05 and 19:16.For SINGAPORE there is a mid-session break between 17:10 and 18:16. For TAIWAN there is a mid-session break between 13:45 and 14:36.

The above prices are based on contract size for 1 index. All prices shown on this page are offered to new Saxo clients. Existing clients can access pricing information directly in the trading platform.

Actual price varies based on the client's country of residence.

	Bronze	Silver	Gold	Platinum	Diamond
North America
NASDAQ	0.06% (min. USD 7)**	0.06% (min. USD 7)**	0.06% (min. USD 7)**	0.05% (min. USD 5)**	0.04% (min. USD 3)***
New York Stock Exchange	0.06% (min. USD 7)**	0.06% (min. USD 7)**	0.06% (min. USD 7)**	0.05% (min. USD 5)**	0.04% (min. USD 3)***
NYSE MKT	0.06% (min. USD 7)**	0.06% (min. USD 7)**	0.06% (min. USD 7)**	0.05% (min. USD 5)**	0.04% (min. USD 3)***
Toronto Stock Exchange	0.03 CAD/share (min. CAD 20)	0.03 CAD/share (min. CAD 20)	0.03 CAD/share (min. CAD 20)	0.02 CAD/share (min. CAD 15)	0.015 CAD /share (min. CAD 10)
Europe / Middle East / Africa
Athens Exchange	0.30% (min. EUR 12)	0.30% (min. EUR 12)	0.30% (min. EUR 12)	0.25% (min. EUR 10)	0.25% (min. EUR 10)
BME Spanish Exchanges	0.10% (min. EUR 12)	0.10% (min. EUR 12)	0.10% (min. EUR 12)	0.08% (min. EUR 10)	0.06% (min. EUR 10)
Budapest Stock Exchange	0.50% (min. HUF 6,000)	0.50% (min. HUF 6,000)	0.50% (min. HUF 6,000)	0.40% (min. HUF 5,000)	0.30% (min. HUF 5,000)
Deutsche Börse (XETRA)	0.10% (min. EUR 10)	0.10% (min. EUR 10)	0.10% (min. EUR 10)	0.07% (min. EUR 8)	0.05% (min. EUR 6)
Irish Stock Exchange	0.10% (min. EUR 12)	0.10% (min. EUR 12)	0.10% (min. EUR 12)	0.08% (min. EUR 10)	0.06% (min. EUR 10)
Johannesburg Stock Exchange	0.25% (min. ZAR 100)	0.25% (min. ZAR 100)	0.25% (min. ZAR 100)	0.20% (min. ZAR 80)	0.15% (min. ZAR 80)
London Stock Exchange	0.10% (min. GBP 8)	0.10% (min. GBP 8)	0.10% (min. GBP 8)	0.07% (min. GBP 7)	0.05% (min. GBP 5)
London Stock Exchange (IOB)	0.10% (min. USD 20)	0.10% (min. USD 20)	0.10% (min. USD 20)	0.08% (min. USD 15)	0.05% (min. USD 10)
Milan Stock Exchange *	0.17% (min. EUR 12)	0.17% (min. EUR 12)	0.17% (min. EUR 12)	0.15% (min. EUR 10)	0.13% (min. EUR 8)
NASDAQ OMX Copenhagen	0.10% (min. DKK 65)	0.10% (min. DKK 65)	0.10% (min. DKK 65)	0.07% (min. DKK 50)	0.05% (min. DKK 50)
NASDAQ OMX Helsinki	0.10% (min. EUR 12)	0.10% (min. EUR 12)	0.10% (min. EUR 12)	0.07% (min. EUR 10)	0.05% (min. EUR 8)
NASDAQ OMX Stockholm	0.10% (min. SEK 65)	0.10% (min. SEK 65)	0.10% (min. SEK 65)	0.07% (min. SEK 50)	0.05% (min. SEK 50)
NYSE Euronext Amsterdam (AEX)	0.10% (min. EUR 12)	0.10% (min. EUR 12)	0.10% (min. EUR 12)	0.08% (min. EUR 10)	0.06% (min. EUR 8)
NYSE Euronext Brussels	0.10% (min. EUR 12)	0.10% (min. EUR 12)	0.10% (min. EUR 12)	0.08% (min. EUR 10)	0.06% (min. EUR 8)
NYSE Euronext Lisbon	0.10% (min. EUR 12)	0.10% (min. EUR 12)	0.10% (min. EUR 12)	0.08% (min. EUR 10)	0.06% (min. EUR 8)
NYSE Euronext Paris	0.10% (min. EUR 10)	0.10% (min. EUR 10)	0.10% (min. EUR 10)	0.07% (min. EUR 8)	0.05% (min. EUR 6)
Oslo Stock Exchange	0.10% (min. NOK 65)	0.10% (min. NOK 65)	0.10% (min. NOK 65)	0.08% (min. NOK 50)	0.06% (min. NOK 50)
Prague Stock Exchange	0.28% (min. CZK 500)	0.28% (min. CZK 500)	0.28% (min. CZK 500)	0.25% (min. CZK 350)	0.25% (min. CZK 350)
SIX Swiss Exchange	0.10% (min. CHF 12)	0.10% (min. CHF 12)	0.10% (min. CHF 12)	0.07% (min. CHF 10)	0.05% (min. CHF 8)
Vienna Stock Exchange	0.10% (min. EUR 12)	0.10% (min. EUR 12)	0.10% (min. EUR 12)	0.08% (min. EUR 10)	0.07% (min. EUR 8)
Warsaw Stock Exchange	0.30% (min. PLN 75)	0.30% (min. PLN 75)	0.30% (min. PLN 75)	0.25% (min. PLN 65)	0.20% (min. PLN 65)
Asia / Pacific
Australian Securities Exchange	0.10% (min. AUD 8)	0.10% (min. AUD 8)	0.10% (min. AUD 8)	0.07% (min. AUD 8)	0.05% (min. AUD 6)
Hong Kong Exchange *	0.20% (min. HKD 50)	0.20% (min. HKD 50)	0.20% (min. HKD 50)	0.19% (min. HKD 40)	0.18% (min. HKD 30)
Singapore Exchange *	0.08% (min. SGD 15)	0.08% (min. SGD 15)	0.08% (min. SGD 15)	0.08% (min. SGD 12)	0.08% (min. SGD 9)
Tokyo Stock Exchange	0.15% (min. JPY 1,000)	0.15% (min. JPY 1,000)	0.15% (min. JPY 1,000)	0.12% (min. JPY 800)	0.10% (min. JPY 600)

	Bronze	Silver	Minimum spread Gold	Platinum	Diamond	Min trade size	Trading hours⁽¹⁾
Metals
Gold*	0.6	0.6	0.6	0.55	0.5	1	18:01-17:00
Silver*	3.5	3.5	3.5	3	2.5	25	18:01-17:00
Platinum*	1.7	1.7	1.7	1.4	1.1	1	18:02-17:00
Palladium*	1.75	1.75	1.75	1.45	1.05	1	18:01-17:00
US Copper*	0.55	0.55	0.55	0.5	0.45	500	18:01-17:00
Energy
US Crude**	0.05	0.05	0.05	0.05	0.03	25	18:01-17:00
UK Crude**	0.05	0.05	0.05	0.05	0.03	25	01:01-22:55(2)
Heating Oil**	0.35	0.35	0.35	0.3	0.25	500	18:01-17:00
Gasoline US**	0.25	0.25	0.25	0.2	0.17	500	18:01 – 17:00
Gas Oil**	1.25	1.25	1.25	1	0.75	1	01:01 – 21:55
US Natural Gas**	0.017	0.017	0.017	0.014	0.011	200	18:01 – 17:00
CO2 Emissions**	0.07	0.07	0.07	0.06	0.05	25	07:01 – 17:00
Agriculture
Corn*	1.25	1.25	1.25	1	0.75	200	19:01 – 13:20
Wheat*	2.25	2.25	2.25	2	1.75	200	19:01 – 13:20
Soybeans*	1.75	1.75	1.75	1.5	1.25	200	19:01 – 13:20
Softs & Meats
NY Sugar No. 11**	0.05	0.05	0.05	0.05	0.03	5,000	03:31 – 13:00
NY Coffee*	0.45	0.45	0.45	0.4	0.35	1,000	04:16 – 13:30
NY Cocoa*	9	9	9	7	5	1	04:46 – 13:30
Live Cattle**	0.175	0.175	0.175	0.15	0.125	2,000	08:31 – 13:05
Cotton*	0.3	0.3	0.3	0.27	0.25	1,000	08:30 – 14:20

	Bronze	Silver	Spread Mark up Gold	Platinum	Diamond	Min trade size	Trading hours⁽¹⁾
SD Index**	0.01000	0.01000	0.01000	0.00900	0.00800	100	20:00-17:00
Euro / US Dollar*	0.00020	0.00020	0.00020	0.00019	0.00018	5,000	17:00-16:00
Euro / Japanese Yen*	0.03000	0.03000	0.03000	0.02000	0.02000	5,000	17:00-16:00
Euro / Swiss Franc*	0.00020	0.00020	0.00020	0.00020	0.00020	5,000	17:00-16:00
Euro / British Pound*	0.00025	0.00025	0.00025	0.00020	0.00020	5,000	17:00-16:00
British Pound / US Dollar*	0.00030	0.00030	0.00030	0.00025	0.00025	5,000	17:00-6:00
Australian Dollar / US Dollar*	0.00030	0.00030	0.00030	0.00020	0.00020	5,000	17:00-16:00

Instrument Name	Bronze	Silver	Minimum spread Gold	Platinum	Diamond	Trading hours⁽¹⁾
German Government 10 year Bund (BUND)	0.03	0.03	0.03	0.025	0.02	01:16-22:00
German Government 5 year Bobl (BOBL)	0.03	0.03	0.03	0.025	0.02	01:16-22:00
German Government 2 year Schatz (SCHATZ)	0.015	0.015	0.015	0.01	0.01	01:16-22:00
Italian Government 10 year BTP (10YBTP)	0.05	0.05	0.05	0.04	0.03	08:01-18:55
French Government 10 year OAT (YOAT)	0.05	0.05	0.05	0.04	0.03	08:01-18:55
10 Year US T-Note 10 year (10YUSTNOTE)	0.06	0.06	0.06	0.05	0.04	17:01-16:00
30 year US T-Bond 30 year (30YUSTBOND)	0.08	0.08	0.08	0.07	0.06	17:01-16:00

Option Root	Description	Contract Size	Currency
AEX	AEX Index	1 Index	EUR
DJX	Dow Jones Industrial Average Index	1/100 Index	USD
ESX	FTSE 100 Index	1 Index	GBP
MIBO	FTSE MIB Index	1 Index	EUR
NDX	Nasdaq 100 Index	1 Index	USD
NKY	Nikkei 225 (Osaka)	1 Index	JPY
ODAX	DAX Index	1 Index	EUR
OESX	Euro Stoxx 50 Index	1 Index	EUR
OMXSWE30	OMX Stockholm 30 Index	1 Index	SEK
OSMI	SMI Index	1 Index	CHF
PXA	CAC 40 Index	1 Index	EUR
SPX	S&P 500 Index	1 Index	USD
XJO	S&P ASX200 Index	1 Index	AUD

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Other costs

When you trade CFDs at Saxo Markets, you finance the traded value through an overnight credit/debit charge. If you open and close a CFD position within the same trading day, you will not be subject to overnight financing.

When you hold a CFD position overnight, your CFD position will consequently be subject to the following credit or debit charge:

Holding Long CFD position after 17:00 EST incurs a financing charge, which is calculated as follows:
- Price x No. of CFDs x (Saxo Offer financing rate + markup) x (Day count convention*)

Holding Short CFD position after 17:00 EST creates a financing credit, which is calculated as follows:
- Price x No. of CFDs x (Saxo Bid financing rate - markdown) x (Day count convention*)

Benchmark Rates

Overnight financing markup/down rates	Bronze	Silver	Gold	Platinum	Diamond
Index CFDs and Single Stock CFD's
Long/Short positions	+/-3.50%	+/-3.25%	+/-3.00%	+/-2.75%	+/-2.5%

Short positions in single stock CFDs held overnight are subject to a borrowing fee, which is related to the cost of borrowing the underlying shares in the market. The fee varies for each CFD, depending on market conditions and the availability of shares. Instruments in high demand for short selling on the broader market can experience an increased cost of borrowing the underlying shares.

The borrowing rate will be fixed when the position is opened, at a minimum of 0.50%, and will be charged on a monthly basis. Please note that for certain corporate action events the borrowing rate on the short position may be reset to the current rate in the market upon execution of the corporate action.

If you open and close a CFD position within the same trading day, you are not subject to borrowing costs. The specific borrowing rate for a stock can be seen as the 'Borrowing costs' under 'Trading rates' in the ‘Trading Conditions' of the instrument on the platform.

Overnight positions in Expiring CFDs are subject to a carrying cost. The carrying cost is calculated on the basis of the daily margin requirement and applied when a position is held overnight. The funding rate used for calculating the carrying cost is based on the Saxo Offer Financing Rate + markup at: 1.50% (classic accounts), 0.50% (platinum accounts), or 0% (VIP accounts).

Carrying Cost = Margin requirement * Holding time * (Saxo Offer Financing Rate + Markup) / (365 or 360 days)

The Bid/Ask spread will be equal to the minimum target spread in approx. 99% of the quote updates, during the opening hours of the underlying cash market.

This gives clients an improved trading experience and a high degree of certainty with regards to trading costs associated with entering and closing CFD Index Tracker positions.

Please note that Fixed spreads are available for selected CFD indices only apply under normal market conditions up to the trade amounts listed in the table below.

	Symbol	Trade amount (contracts)*
US Wall Street 30	US30.I	15
US 500	US500.I	100
US Tech 100 NAS	USNAS100.I	25
EU Stocks	EU50.I	100
France 40	FRA40.I	10
Germany 40	GER40.I	10
Italy 40	ITALY40.I	10
Netherlands 25	NETH25.I	10
Spain 35	SPAIN35.I	20
Sweden 30	SWE30.I	100
Switzerland 20	SWISS20.I	10
UK 100	UK100.I	20
Australia 200	AUS200.I	10
Japan 225	JPY225.I	1,000
Hong Kong	HK50.I	25