Forex Spreads & Commissions

FX Volume-based Discount Plan

Commissions Level 1 Level 2 Level 3 Level 4 Level 5 Level 6
Volume USDm (monthly) required 0 - 50 50 - 100 100 - 250 250 - 500 500 - 1,000 > 1,000
Gross Commission per USDm 50 USD 50 USD 50 USD 50 USD 50 USD 50 USD
Discount 0 USD - 10 USD - 20 USD - 25 USD - 30 USD - 33 USD
Net commission per USDm 50 USD 40 USD 30 USD 25 USD 20 USD 17 USD
  • Competitive and transparent pricing from as low as 0.1 pips, plus commission
  • Increasing commission discounts for larger cumulative trading volume
  • Consistency in spread across notional trade sizes
  • No minimum monthly commission fee
  • Designed for pricing simplicity

The FX Volume-based Discount Plan serves low-volume traders equally as well as it does high-volume traders, taking into account that trading volumes can fluctuate. We charge a standard commission rate of 50 USD per 1 million USD traded, with the benefit of increasing discounts for larger cumulative trading volume, i.e. the more volume traded, the cheaper trading costs (commission) become.

For example:

  • If you trade over 50 million USD, you will receive a 20% (10 USD) discount on commission paid on volume traded up to 100 million USD.
  • If you trade over 100 million USD, you will receive a 40% (20 USD) discount on commission paid on volume traded up to 250 million USD.
  • If you trade over 250 million USD, you will receive a 50% (25 USD) discount on commission paid on volume traded up to 500 million USD.
  • If you trade over 500 million USD, you will receive a 60% (30 USD) discount on commission paid on volume traded up to 1,000 million USD.
  • If you trade over 1,000 million USD, you will receive a 66% (33 USD) discount on commission paid on volume traded in excess of 1,000 million USD.

Frequently Asked Questions

To find out more about how the FX Volume-based Discount Plan works, please click here.


Trading Conditions

To understand the FX spot and FX forward outright trading conditions please click here.

Orders & Execution

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.

Forex Risk Warning

Forex is categorised as a red product as it is considered an investment product with a high complexity and a high risk.

Saxo Capital Markets is required to categorise investment products offered to retail clients depending on the product’s complexity and risk as: green, yellow or red. Please refer to our "Product Risk Categorisation".

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