Pricing Overview


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.



Value for money with Saxo's transparent pricing structure

When it comes to pricing, Saxo follows clear and explicit principles. Prices should be competitive and transparent, and never burdened with false incentives. In most areas, we offer volume-based fees that allow you to benefit from more attractive prices as your activity increases. And any time you trade with Saxo, you also gain access to reliable technology and supporting services. 

This is is what we mean by value for money.

Pricing structures
fx

Forex

FX Volume-based Discount Plan

Commissions levelVolume USDm (average monthly)Gross Commission per USDmDiscountNet commission per USDm
Level 10 - 2550 USD0 USD50 USD
Level 225 - 10050 USD-10 USD40 USD
Level 3100 - 25050 USD-20 USD30 USD
Level 4250 - 50050 USD-25 USD25 USD
Level 5500 - 1,00050 USD-30 USD20 USD
Level 6> 1,00050 USD-33 USD17 USD
  • Competitive and transparent pricing from as low as 0.1 pips, plus commission
  • Increasing commission discounts for larger cumulative trading volume*
  • Start each month at the commission discount level earned on average monthly volumes
  • Consistency in spread across notional trade sizes
  • No minimum monthly commission fee
  • Designed for pricing simplicity

*Commission will be calculated on the average of the most recent 3 months trading volume (if applicable). To find out more about how the FX Volume-based Discount Plan works, please go to the Forex FAQ page.

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 25 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
Rates and Conditions
cfd

CFDs

Active Pricing

If you execute 100 trades or more per calendar month on Stocks, ETFs and Single Stock CFDs, you qualify for an Active Pricing Plan with very competitive rates. 

Standard Pricing*

CFD single stock commissions fromStandard price
 
 NASDAQ & NYSE
2 cps (min. 20 USD)
 
 London Stock Exchange
0.25% (min. 10 GBP)
 
 Deutsche Börse (XETRA)
0.25% (min. 12 EUR)
CFD index tracker - Minimum spreads
 
 US 500
0.90
 
 UK 100
1.00
 
 Germany 30
1.50

* Examples of lowest local market pricing – please check applicable pricing in your market by selecting your country website in the main navigation.

Rates and Conditions
bo

Bonds

We deliver competitive pricing and tight spreads through our global access to source liquidity.

Standard Pricing

MarketCommission from
European government bonds0.08% (minimum 80 EUR) *
US government bonds**0.08% (minimum 80 EUR) *
European an US corporate bonds0.08% (minimum 80 EUR) *
Emerging Markets bonds0.08% (minimum 80 EUR) *

* The equivalent if traded in another currency.
** For US government bonds there is an additional external execution fee of 0.0004% embedded in the price.

Rates and Conditions
co

Contract Options

We deliver access to competitive pricing and tight spreads – all in one click. Use our platform to trade on live streaming prices for full transparency.

Volume-based Pricing

With volume-based pricing, commissions are based on your trading activity - the more you trade the less you pay.

Contract currencyCommission from*
GBP1.25
EUR1.50
USD1.50
CAD1.50
CHF2.00
AUD2.50

* Negotiable commissions with high volume.

Rates and Conditions
eq

Equities

Active Pricing

If you execute 100 trades or more per calendar month on Stocks, ETFs and Single Stock CFDs, you qualify for an Active Pricing Plan with very competitive rates.

Standard Pricing*

 
NASDAQ & NYSE
3 cps (min. 15 USD)
 
London Stock Exchange
0.35% (min. 10 GBP)
 
Deutsche Börse (XETRA)
0.35% (min. 15 EUR)
 
SIX Swiss Exchange
0.35% (min. 25 CHF)
 
Milan Stock Exchange
0.35% (min 15 EUR)
 
NYSE Euronext Paris
0.35% (min 15 EUR)
 
BME Spanish Exchanges
0.35% (min 15 EUR)

* Examples of lowest local market pricing

Rates and Conditions
eqo

Equity Options

We deliver access to competitive pricing and tight spreads – all in one click. Use our platform to trade on live streaming prices for full transparency.

Volume-based Pricing

With volume-based pricing, commissions* are based on your trading activity - the more you trade the less you pay.

Contract currencyCommissions as low as*
GBP1.50
EUR2.00
USD2.00
CAD3.00
CHF3.00
HKD20.00

* Negotiable commissions with high volume, commissions do not include exchange fees

Rates and Conditions
fu

Futures

We deliver access to competitive pricing and tight spreads – all in one click. Use our platform to trade on live streaming prices for full transparency.

Volume-based Pricing

With volume-based pricing, commissions* are based on your trading activity - the more you trade the less you pay.

Contract currencyCommissions as low as*
GBP1.25
EUR1.50
USD1.50
CAD1.50
CHF2.00
AUD2.50

* Negotiable commissions with high volume.

Rates and Conditions
fxo

FX Options

We deliver access to competitive pricing and tight spreads – all in one click. 
Use our platform to trade on live streaming prices for full transparency.

FX crossesLowest spread*
EUR USD0.0005
GBP USD0.0008
EUR CHF0.0008
AUD USD0.0004
XAU USD1.90

* Negotiable commissions with high volume.

Rates and Conditions