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 Tracker CFD spreads

Index-tracking CFD contract details (continuous)

Index Tracker Spread (1)
Value of one
contract (2)
Trading Hours (3)
North America
US Tech 100 NAS
1.0 USD 1 18:01 - 16:00
US 30 Wall Street
5.0 USD 1 18:01 - 16:00
US 500
0.9 USD 1 18:01 - 16:00
Europe / Middle East / Africa
Belgium 20
14 EUR 1 09:10 - 17:25
Denmark 20
2.5 DKK 1 09:10 - 16:55
EU Stocks 50
2.5 EUR 1 08:01 - 21:55
France 40
3 EUR 1 08:01 - 21:55
Germany 30
2.5 EUR 1 08:01 - 21:55
Germany Mid-Cap 50
15 EUR 1 09:10 - 17:25
Germany Tech 30
4.5 EUR 1 09:10 - 17:25
Italy 40
14* EUR 1 09:01 - 17:30
Netherlands 25
0.3 EUR 1 08:01 - 21:55
Norway 25
1.1 NOK 1 09:10 - 16:15
Portugal 20
25 EUR 1 08:10 - 16:25
South Africa 40
10 ZAR 1 08:31 - 17:25
Spain 35
8.0 EUR 1 08:01 - 19:55
Sweden 30
0.65 SEK 1 09:01 - 17:24
Switzerland 20
3.0 CHF 1 08:01 - 21:55
UK 100
1.5 GBP 1 01:01 - 20.55
UK Mid 250
44 GBP 1 08:10 - 16.25
Asia / Pacific
Australia 200
1.5 AUD 1 09:51 - 06:55 (3)
Hong Kong
12 HKD 1 09:16 - 23:40 (3)
Japan 225
14 JPY 1 08:31 - 05:40 (3)

Index-tracking CFD contract details (expiring)

Index Tracker Name Spread Mark up (4)
Standard
Spread Mark up (4)
Active (5)
Value of one contract (2) Trading Hours (3)
US2000
0.5 0.40 USD 1 20:01 - 16:00
China 50
12 11 USD 1 09:01 - 01:55
India 50
4.0 3.0 USD 1 09:01 - 01:55
Singapore
0.30 0.20 SGD 1 08:31 - 01:55
Taiwan
0.40 0.30 USD 1 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’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 12:00-13:00 and an evening break between 16:10-17:01, 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

Single Stock and ETF CFD Commissions
Exchange name Symbol Commission
Standard
North America & Canada
NASDAQ
NASDAQ & NSC 0.03 USD/share
(min 20 USD)
New York Stock Exchange
NYSE & ARCA 0.03 USD/share
(min 20 USD)
NYSE MKT
AMEX 0.03 USD/share
(min 20 USD)
Toronto Stock Exchange
TSE 0.03 CAD/share
(Min 25 CAD)
Europe / Middle East / Africa
Athens Exchange
AT 0.50%
(min 12 EUR)
BME Spanish Exchanges
SIBE 0.25%
(min 12 EUR)
Budapest Stock Exchange
BUX 0.50%
(min 6,000 HUF)
Deutsche Börse (XETRA)
FSE 0.25%
(min 12 EUR)
Irish Stock Exchange
ISE 0.10%
(min 12 EUR)
Johannesburg Stock Exchange
JSE 0.25%
(min 100 ZAR)
London Stock Exchange
LSE_SETS 0.25%
(min 10 GBP)
London Stock Exchange (IOB)
LSE_INTL 0.25%
(min 20 USD)
Milan Stock Exchange
MIL 0.25%
(min 12 EUR)
NASDAQ OMX Copenhagen
CSE 0.25%
(min 65 DKK)
NASDAQ OMX Helsinki
HSE 0.25%
(min 10 EUR)
NASDAQ OMX Stockholm
SSE 0.25%
(min 65 SEK)
NYSE Euronext Amsterdam (AEX)
AMS 0.25%
(min 12 EUR)
NYSE Euronext Brussels
BRU 0.25%
(min 12 EUR)
NYSE Euronext Lisbon
LISB 0.25%
(min 12 EUR)
NYSE Euronext Paris
PAR 0.25%
(min 12 EUR)
Oslo Stock Exchange
OSE 0.25%
(min 65 NOK)
Prague Stock Exchange
PRA 0.25%
(min 500 CZK)
SIX Swiss Exchange
SWX & VX 0.25%
(min 18 CHF)
Vienna Stock Exchange
VIE 0.25%
(min 12 EUR)
Warsaw Stock Exchange
WSE 0.35%
(min 65 PLN)
Asia / Pacific
Australian Securities Exchange
ASX 0.25%
(min 10 AUD)
Hong Kong Exchanges
HKEX 0.30%
(min 100 HKD)
Singapore Exchange
SGX-ST 0.25%
(min 17 SGD)
Tokyo Stock Exchange
TYO 0.25%
(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%

Contract Details

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


Symbol Spread Minimum
Min. trade size Trading hours (2) Expiry date
 
METALS
GOLD 0.60 1 18:01-17:00 FND -2
SILVER 3.5 25 18:01-17:00 FND -2
PLATINUM 1.70 1 18:01-17:00 FND -2
PALLADIUM 1.75 1 18:02-17:00 FND -2
COPPERUS 0.55 500 18:01-17:00 FND -2
 
ENERGY
OILUS 0.05 25 18:01-17:00 LTD -2
OILUK 0.05 25 01:01-22:55 (3) LTD -2
HEATINGOIL 0.35 500 18:01-17:00 LTD -2
GASOLINEUS 0.25 500 18:01-17:00 LTD -2
GASOILUK 1.25 1 01:01-21:55 LTD -2
NATGASUS 0.017 200 18:01-17:00 LTD -2
EMISSIONS 0.07 25 07:01-17:00 LTD -2
 
AGRICULTURE
CORN 1.25 200 19:01 – 13:20 FND -2
WHEAT 2.25 200 19:01 – 13:20 FND -2
SOYBEANS 1.75 200 19:01 – 13:20 FND -2
 
SOFTS
SUGARNY 0.05 5,000 04:30-13:00 LTD -2
COFFEENY 0.45 1,000 05:15-13:30 FND -2
COCOANY 9.0 1 05:45-13:30 FND -2
 
MEATS
LIVECATTLE 0.175 2,000 08:31-13:05 LTD -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 CFD spreads

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 Name Symbol Spread Mark up
Standard
Min. trade size Trading hours (2) Expiry Expiry Time
Euro / US Dollar EURUSDEC 0.0002 5,000 17:00-16:00 FND -3 10:00 CST
Euro / Japanese Yen EURJPYRY 0.03 5,000 17:00-16:00 FND -3 10:00 CST
Euro / Swiss Franc EURCHFRF 0.0002 5,000 17:00-16:00 FND -3 10:00 CST
Euro / British Pound EURGBPRP 0.00025 5,000 17:00-16:00 FND -3 10:00 CST
British Pound / US Dollar GBPUSDBP 0.0003 5,000 17:00-6:00 FND -3 10:00 CST
Australian Dollar / US Dollar AUDUSDAD 0.0003 5,000 17:00-16:00 FND -3 10:00 CST
USD Index USDINDEX 0.010 100 20:00-17:00 LTD -2 11:00 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

Bond CFD spreads
Formats the Html codes.FormatFix the Html to be XHtml compliantFix Write Validate that the text is XHtml compliant.Validate Proofing

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 Name Symbol Spread
Minimum
Min. trade size Trading hours (2)
German Government
10 year Bund
BUND 0.03 50 CFDs 08:01-21:55
German Government
5 year Bobl
BOBL 0.03 50 CFDs 08:01-21:55
German Government
2 year Schatz
SCHATZ 0.015 50 CFDs 08:01-21:55
Italian Government
10 year BTP
10YBTP 0.05 50 CFDs 08:01-18:55
French Government
10 year OAT
10YOAT 0.05 50 CFDs 08:01-18:55
AcceptReject

Your browser cannot display this website correctly.

Our website is optimised to be browsed by a system running iOS 9.X and on desktop IE 10 or newer. If you are using an older system or browser, the website may look strange. To improve your experience on our site, please update your browser or system.