Optimize your FX trading
Experience & expertise
With two decades of experience in the interbank market, the Saxo Group are pioneers in bringing FX Options online. Trade online with the knowledge that you're using a long established provider.
Intuitive usability – such as click & drag trading on SaxoTraderGO or the sophisticated options board on SaxoTraderPRO – and a customisable platform makes trading FX Options clear and straightforward.
Professional-level risk management reports with live updates allow you to manage your positions and plan your strategies accordingly. Make decisions with premium tools at your disposal.
Competitive & transparent pricing
With competitive prices and typically low spreads, at Saxo you know the cost of a trade – which allows you more time to think about your positions. We offer vanilla options in over 40 currency pairs including Gold and Silver.
Innovative tools for FX Options trading
Directly within our platform Saxo clients have full visibility of the Greeks and volatility, and are able to view Saxo’s FX Options Dashboard via the TradingFloor website to assess the market weighting.
Puts and calls in 40 pairs
With our wide FX Options product range you can trade FX Vanilla Options in 40 currency crosses including Gold and Silver.
Cross-portfolio margin reductions
This feature gives you an easy and flexible way to trade on margin. Use the value of the assets in your portfolio to reduce your FX Options trading margins.
FX Options report
The ultimate tool to manage your FX Options portfolio. Aggregating your Options and spot positions allows you to analyse the risk of your portfolio, so you can plan your strategies accordingly.
Whether you are new to the possibilities of FX options or looking for advanced training, the Saxo Academy has something for you. Click here for bite-sized videos on specific issues, or commit to a more extensive online training module.
Visit the Saxo Academy
Call Options Examples
Walk through an example of trading EURUSD via a call option.
Shorting Vanilla Options
Find out about how you can earn a premium from an option but also how you might face an obligation to the owner.
An option is categorised as a red product as it is considered an investment product with a high complexity and a high risk.
You should be aware that in purchasing Foreign Exchange Options, your potential loss will be the amount of the premium paid for the option, plus any fees or transaction charges that are applicable, should the option not achieve its strike price on the expiry date
Certain options markets operate on a margined basis, under which buyers do not pay the full premium on their option at the time they purchase it. In this situation you may subsequently be called upon to pay margin on the option up to the level of your premium. If you fail to do so as required, your position may be closed or liquidated.
If you write an option, the risk involved is considerably higher than buying an option. You may be liable for margin to maintain your position and a loss may be sustained well in excess of the premium received.
By writing an option, you accept a legal obligation to purchase or sell the underlying asset if the option is exercised against you; however far the market price has moved away from the strike. If you already own the underlying asset that you have contracted to sell, your risk will be limited.
If you do not own the underlying asset the risk can be unlimited. Only experienced persons should contemplate writing uncovered options, then only after securing full detail of the applicable conditions and potential risk exposure.
Danish banks are required to categorise investment products offered to retail clients depending on the product’s complexity and risk as: green, yellow or red. For more information click here.
The special risks inherent to options trading may expose investors to potentially rapid and substantial losses, which means they are not suitable for all investors. Options trading privileges are subject to Saxo Capital Markets UK Ltd review and approval. Prior to buying or selling an option we advise that investors read a copy of the Options Clearing Corporation’s Characteristics & Risks of Standardized Options, also known as the options disclosure document (ODD), which explains the characteristics and risks of exchange- traded options.
Please note that Tradingfloor.com is property of Saxo Bank A/S. As an affiliate, SCML has entered into an arrangement with TradingFloor.com to allow you upon your consent to access information on and use your SCML trading account to enter into transactions through Tradingfloor.com. SCML will be the counterparty to any transaction entered into by you, and not Saxo Bank A/S. The materials on this website should not be considered as financial, investment, tax, trading or other advice, or recommendation to invest or disinvest in a particular manner. SCML assumes no liability for any losses resulting from trading in accordance with a perceived recommendation or reliance on Tradingfloor.com materials. Social trading involves risks, even when following and/or replicating other profiled traders. Past performance of a trader indicated on Tradingfloor.com is not indicative of future results. You should not assume that the profiled trader is unbiased, experienced, professional, independent or qualified to provide financial information or advice.
Please note that Saxo Academy is property of Saxo Bank A/S. The materials published on Saxo Academy should not be considered as financial, investment, tax, trading or other advice, or recommendation to invest or disinvest in a particular manner. SCML assumes no liability for any losses resulting from trading in accordance with a perceived recommendation or reliance on Saxo Academy materials. Following or replicating other traders involves risk. Past performance of a trader is not indicative of future results.