CFDs Spreads and Commissions


The value of your investments can go down as well as up.
Losses can exceed deposits on margin products. Please ensure you understand the risks.



Index-tracking CFD contract details (continuous)

Index TrackerSpread (1)
Value of one
contract (2)
Trading Hours (3)
North America
US Tech 100 NAS
1.0USD 118:01 - 16:00
US 30 Wall Street
5.0USD 118:01 - 16:00
US 500
0.9USD 118:01 - 16:00
Europe / Middle East / Africa
Belgium 20
14EUR 109:10 - 17:25
Denmark 20
2.5DKK 109:10 - 16:55
EU Stocks 50
2.5EUR 108:01 - 21:55
France 40
3EUR 108:01 - 21:55
Germany 30
2.5EUR 108:01 - 21:55
Germany Mid-Cap 50
15EUR 109:10 - 17:25
Germany Tech 30
4.5EUR 109:10 - 17:25
Italy 40
14*EUR 109:01 - 17:30
Netherlands 25
0.3EUR 108:01 - 21:55
Norway 25
1.1NOK 109:10 - 16:15
Portugal 20
25EUR 108:10 - 16:25
South Africa 40
10ZAR 108:31 - 17:25
Spain 35
8.0EUR 108:01 - 19:55
Sweden 30
0.65SEK 109:01 - 17:24
Switzerland 20
3.0CHF 108:01 - 21:55
UK 100
1.5GBP 101:01 - 20.55
UK Mid 250
44GBP 108:10 - 16.25
Asia / Pacific
Australia 200
1.5AUD 109:51 - 06:55 (3)
Hong Kong
12HKD 109:16 - 00:55 (3)
Japan 225
14JPY 108:31 - 05:40 (3)

Index-tracking CFD contract details (expiring)

Index Tracker NameSpread Mark up (4)
Standard
Spread Mark up (4)
Active (5)
Value of one contract (2)Trading Hours (3)
US2000
0.50.40USD 120:01 - 16:00
China 50
1211USD 109:01 - 01:55
India 50
4.03.0USD 109:01 - 01:55
Singapore
0.300.20SGD 108:31 - 01:55
Taiwan
0.400.30USD 108:46 - 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’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 30 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.
For the main US, European and Asia-Pacific indices, the spreads are fixed at the minimum target spreads during the opening hours of the underlying cash market. Visit this page for a complete list of Index Trackers with Fixed Spread support.

(2) Point Value of one contract: this is the currency risk you incur with one Stock Index CFD contract. The increment of risk is also one currency unit (i.e. you can increase your position by increments of one index). There is no minimum commission for Stock Index CFD traders.

(3) 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 11:59-13:00 and an evening break between 16:25-17:16, the trading session in Japan 225 has a break between 15:20 and 16:16 and the Australia 200 there is a break between 16:25 and 17:11. 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.

(4) Expiring CFD Index Trackers trade on the spread of the underlying Future plus a small mark up.

(5) For Active pricing see section in the bottom of this page

Exchange nameSymbolCommission
Standard
North America & Canada
NASDAQ
NASDAQ & NSC0.03 USD/share
(min 20 USD)
New York Stock Exchange
NYSE & ARCA0.03 USD/share
(min 20 USD)
NYSE MKT
AMEX0.03 USD/share
(min 20 USD)
Toronto Stock Exchange
TSE0.03 CAD/share
(Min 25 CAD)
Europe / Middle East / Africa
Athens Exchange
AT0.50%
(min 12 EUR)
BME Spanish Exchanges
SIBE0.25%
(min 12 EUR)
Budapest Stock Exchange
BUX0.50%
(min 6,000 HUF)
Deutsche Börse (XETRA)
FSE0.25%
(min 12 EUR)
Irish Stock Exchange
ISE0.10%
(min 12 EUR)
Johannesburg Stock Exchange
JSE0.25%
(min 100 ZAR)
London Stock Exchange
LSE_SETS0.25%
(min 10 GBP)
London Stock Exchange (IOB)
LSE_INTL0.25%
(min 20 USD)
Milan Stock Exchange
MIL0.25%
(min 12 EUR)
NASDAQ OMX Copenhagen
CSE0.25%
(min 65 DKK)
NASDAQ OMX Helsinki
HSE0.25%
(min 10 EUR)
NASDAQ OMX Stockholm
SSE0.25%
(min 65 SEK)
NYSE Euronext Amsterdam (AEX)
AMS0.25%
(min 12 EUR)
NYSE Euronext Brussels
BRU0.25%
(min 12 EUR)
NYSE Euronext Lisbon
LISB0.25%
(min 12 EUR)
NYSE Euronext Paris
PAR0.25%
(min 12 EUR)
Oslo Stock Exchange
OSE0.25%
(min 65 NOK)
Prague Stock Exchange
PRA0.25%
(min 500 CZK)
SIX Swiss Exchange
SWX & VX0.25%
(min 18 CHF)
Vienna Stock Exchange
VIE0.25%
(min 12 EUR)
Warsaw Stock Exchange
WSE0.35%
(min 65 PLN)
Asia / Pacific
Australian Securities Exchange
ASX0.25%
(min 10 AUD)
Hong Kong Exchanges
HKEX0.30%
(min 100 HKD)
Singapore Exchange
SGX-ST0.25%
(min 17 SGD)
Tokyo Stock Exchange
TYO0.25%
(min 500 JPY)

*) For active pricing see section in the bottom of this page

(1) NASDAQ, NYSE & NYSE ARCA: The flat fee apply up to a trade size of 1,000 shares, above the threshold the commission is 0.007 USD/share
(2) BME, NYSE Euronext Amsterdam**) and Paris: The flat fee apply up to a trade size of EUR 20,000, above the threshold the commission is 0.05%
(3) Deutsche Börse (XETRA) and Milan Stock Exchange: The flat fee apply up to a trade size of EUR 30,000, above the threshold the commission is 0.05%
(4) London Stock Exchange: The flat fee apply up to a trade size of GBP 30,000, above the threshold the commission is 0.035%.
(5) SIX Swiss Exchange: The flat fee apply up to a trade size of CHF 30,000, above the threshold the commission is 0.05%

Commodity CFD spreads

Commodity CFDs are over-the-counter products with a price established by Saxo as the Futures market spread plus a fixed mark-up. The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

Contract details


SymbolSpread Minimum
Min. trade sizeTrading hours (2)Expiry date
 
METALS
GOLD0.60118:01-17:00FND -2
SILVER3.52518:01-17:00FND -2
PLATINUM1.70118:01-17:00FND -2
PALLADIUM1.75118:02-17:00FND -2
COPPERUS0.5550018:01-17:00FND -2
 
ENERGY
OILUS0.052518:01-17:00LTD -2
OILUK0.052501:01-22:55 (3)LTD -2
HEATINGOIL0.3550018:01-17:00LTD -2
GASOLINEUS0.2550018:01-17:00LTD -2
GASOILUK1.25101:01-21:55LTD -2
NATGASUS0.01720018:01-17:00LTD -2
EMISSIONS0.072507:01-17:00LTD -2
 
AGRICULTURE
CORN1.2520019:01 – 13:20FND -2
WHEAT2.2520019:01 – 13:20FND -2
SOYBEANS1.7520019:01 – 13:20FND -2
 
SOFTS
SUGARNY0.055,00004:30-13:00LTD -2
COFFEENY0.451,00005:15-13:30FND -2
COCOANY9.0105:45-13:30FND -2
 
MEATS
LIVECATTLE0.1752,00008:31-13:05LTD -2
FND= First Notice
LTD= Last trading

(1) For active pricing see section in the bottom of the page
(2) Trading hours are stated in the local hours of the underlying exchange
(3) Trading hours Fridays are 01:01 to 22:00

Forex CFDs are over-the-counter products with a price established by Saxo as the Futures market spread plus a fixed mark-up.
The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

Contract details


Instrument NameSymbolSpread Mark up
Standard
Min. trade sizeTrading hours (2)ExpiryExpiry Time
Euro / US DollarEURUSDEC0.00025,00017:00-16:00FND -310:00 CST
Euro / Japanese YenEURJPYRY0.035,00017:00-16:00FND -310:00 CST
Euro / Swiss FrancEURCHFRF0.00025,00017:00-16:00FND -310:00 CST
Euro / British PoundEURGBPRP0.000255,00017:00-16:00FND -310:00 CST
British Pound / US DollarGBPUSDBP0.00035,00017:00-6:00FND -310:00 CST
Australian Dollar / US DollarAUDUSDAD0.00035,00017:00-16:00FND -310:00 CST
USD IndexUSDINDEX0.01010020:00-17:00LTD -211:00 EST
FND= First Notice; LTD = Last trading

(1) For active pricing see section in the bottom of this page
(2) Trading hours are stated in the local hours of the underlying exchange

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Bond CFDs are over-the-counter products with a price established by Saxo as the Futures market spread plus a fixed mark-up.
The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

Contract details


Instrument NameSymbolSpread
Minimum
Min. trade sizeTrading hours (2)
German Government
10 year Bund
BUND0.0350 CFDs08:01-21:55
German Government
5 year Bobl
BOBL0.0350 CFDs08:01-21:55
German Government
2 year Schatz
SCHATZ0.01550 CFDs08:01-21:55
Italian Government
10 year BTP
10YBTP0.0550 CFDs08:01-18:55
French Government
10 year OAT
10YOAT0.0550 CFDs08:01-18:55
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