Spreads & 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.

FX volume price plan

The FX Volume Price Plans offer typically tighter, more variable spreads with a post-trade commission applied.

Select between 3 FX Volume Price Plans based on your monthly trading volumes.

tiered pricing model

  • Designed for higher volume trading
  • Spreads as low as 0.2 pips plus commissions
  • Same spreads available on all price plans
  • Your commission rate applies to ALL pairs, including metals
  • Choose the Price Plan that suits you UK
FX 60 USD 60 per million traded
with Zero minimum monthly
FX 30

USD 30 per million traded
with USD 600 minimum monthly

FX 20 USD 20 per million traded
with USD 2,000 minimum monthly

The FX60 (USD60 per million traded) price plan is applied to all Standard accounts by default. To change to FX30 (USD30 per million traded) or FX20 (USD20 per million traded) price plans clients should contact us on +44 20 7151 2100 or email PrivateSalesUK@saxomarkets.com.

Where price plans have a minimum cumulative monthly commission requirement it is important to note that if the minimum cumulative monthly commission requirement for that plan is not reached the client will be charged the shortfall.

The same depth of liquidity and execution quality applies to all price plans

FX All-Inclusive Price Plan

FX All-Inclusive Price Plan

The All Inclusive FX price plan allows clients to trade without a post-trade commission as all charges are built into the price/spread.

  • Designed for pricing simplicity
  • No additional volume-based commission on trades
  • More consistency in spread width
  • Less variability in spread across notional trade sizes
  • No minimum monthly commission fee

Same depth of liquidity and execution quality applies to all price plans

See all live and historic FX all-inclusive spreads


Please ensure that you familiarise yourself with the relevant terms of our commission based pricing on our website and FAQ

FX Spot Trading

Bid/Ask spreads on majors

Saxo provides an executable price that is based on Saxo’s own liquidity, in addition to liquidity available on a DMA basis in the broader market. 

Spreads vary depending on the currency pair and the desired trade amount.  

Trading on Bands

Different spreads are provided for different trade size bands. The spread is tightest in the smallest band. Trade amounts above the largest bands prices will be routed to manual intervention. However typically, only a very small proportion of orders placed with Saxo Bank require manual intervention.

See a full overview of the spreads on all FX crosses on the links to the live and historic spreads in the first section on volume price plan and the section on all-inclusive price plan.

Minimum trade size

Below the threshold amount a minimum ticket fee of $10 is charged on the trade to cover administration costs. For most currency pairs the threshold amount is 5,000 units of the base currency, however variations occur. Precious metals can be traded as low as 1 ounce.

Trades cannot be executed below the Minimum Trade Sizes (except for closing an open position below the minimum trade size).

Full details can be found here

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