CFD Margins
CFDs are traded on margin. This means that you are able to leverage your investment by opening positions of larger size than the funds you have to place as margin collateral. The margin is the amount reserved on your trading account to cover any potential losses from an open CFD position. It is possible that a loss may exceed the required margin. Margin requirements vary from instrument to instrument and can be changed at any time to reflect market conditions. For larger re-ratings or changing of margin requirements for very popular instruments clients will be notified in advance where possible.
Intraday margin on selected Index Tracker CFDs is available to clients on request. The intraday margin requirement is reduced compared to the normal margin requirement and is applied during intraday trading hours. For more details on intraday margin and intraday trading hours, see the section below. Margin requirements by CFD type and instrument are always listed under the CFD Trading Conditions on the trading platforms but can also be seen below.
Please note that Saxo Bank reserves the right to increase margin requirements for large position sizes, including client portfolios considered to be of very high risk.
Intraday margin which is available on selected CFD Index Trackers increases flexibility during the trading day. The Intraday margin is phased out in the minutes following expiry of the intraday trading hours applicable to the respective instrument.
Example of Intraday Margin for Germany 30 (GER30.I)
The intraday trading hours can be found in the trading conditions section in the trading platforms. Please note that the intraday trading hours are subject to change and may be affected by early close of the underlying market due to holidays etc.
Intraday Margin is available upon request. Please contact your Account Manager or Service Center.
Index-tracking CFD margins (normal market conditions)
| Trackers indiciels | Marge standard | Marge Intraday 1) | Séance Intraday 2) |
|---|---|---|---|
| AMÉRIQUE DU NORD | |||
| US 30 Wall Street | 2,5% | 1,25% | 09:00 - 15:53 |
| EU 500 | 2,5% | 1,25% | 09:00 - 15:53 |
| US tech. 100 NAS | 2,5% | 1,25% | 09:00 - 15:53 |
| EUROPE, MOYEN-ORIENT ET AFRIQUE | |||
| Belgique 20 | 5,0% | n.c. | |
| Danemark 20 | 5,0% | n.c. | |
| Actions Europ. 50 | 3,0% | 1,5% | 09:00 - 17:28 |
| France 40 | 3,0% | 1,5% | 09:00 - 17:28 |
| Germany 30 | 3,0% | 1,5% | 09:00 - 17:28 |
| Allemagne moy. cap. 50 | 5,0% | n.c. | |
| Allemagne tech. 30 | 5,0% | n.c. | |
| Italie 40 | 5,0% | n.c. | |
| Pays-Bas 25 | 3,0% | n.c. | |
| Norvège 25 | 5,0% | n.c. | |
| Portugal 20 | 10,0% | n.c. | |
| Afrique du Sud 40 | 10,0% | n.c. | |
| Espagne 35 | 5,0% | 2,5% | 09:00 - 17:28 |
| Suède 30 | 5,0% | n.c. | |
| Suisse 20 | 3,0% | 1,5% | 09:00 - 17:18 |
| UK 100 | 3,0% | 1,5% | 08:00 - 16:28 |
| R.-U. moy. 250 | 5,0% | n.c. | |
| ASIE/PACIFIQUE | |||
| Australie 200 | 3,0% | n.c. | |
| Japon 225 | 3,0% | n.c. | |
| Hong Kong | 5,0% | n.c. | |
Informations sur les CFD indiciels (arrivant à échéance)
| Trackers indiciels | Marge standard | Marge Intraday 1) | Séance Intraday 2) |
|---|---|---|---|
| Chine 50 | 10,0% | s.o. | |
| Inde 50 | 10,0% | s.o. | |
| Singapour | 10,0% | s.o. | |
| Taïwan | 10,0% | s.o. | |
| US2000 | 5,0% | s.o. |
Nous avons classé nos plus de 8 800 CFD négociables en ligne dans 5 groupes de marge différents. Le groupe de marge dans lequel un CFD tombe dépend de la capitalisation boursière, de la liquidité et de la volatilité de l’actif sous-jacent. L'effet de levier disponible sur les CFD actions uniques commence à 10:1, ce qui ne correspond qu'à une marge de 10 %.
| Notation | Marge obligatoire |
|---|---|
| 1 | 10% |
| 2 | 20% |
| 3 | 40% |
| 4 | 80% |
| 5 | 100% |
Cherchez votre action locale dans le lien ci-dessous et regardez la notation de marge dont elle dispose.
| Instrument Name | Symbol | Margin Requirement | Leverage |
|---|---|---|---|
| METALS | |||
| Gold | GOLD | 4% | 25:1 |
| Silver | SILVER | 8% | 12.5:1 |
| Platinum | PLATINUM | 8% | 12.5:1 |
| Palladium | PALLADIUM | 8% | 12.5:1 |
| US Copper | COPPERUS | 4% | 25:1 |
| ENERGY | |||
| US Crude | OILUS | 5% | 20:1 |
| UK Crude | OILUK | 5% | 25:1 |
| Heating Oil | HEATINGOIL | 4% | 25:1 |
| Gasoline US | GASOLINEUS | 8% | 12.5:1 |
| Gas Oil | GASOILUK | 8% | 12.5:1 |
| US Natural Gas | NATGAS | 8% | 12.5:1 |
| CO2 Emissions | EMISSIONS | 8% | 12.5:1 |
| AGRICULTURE | |||
| Corn | CORN | 5% | 20:1 |
| Wheat | WHEAT | 5% | 20:1 |
| Soybeans | SOYBEANS | 5% | 20:1 |
| SOFTS | |||
| NY Sugar No. 11 | SUGARNY | 5% | 20:1 |
| NY Coffee | COFFEE | 5% | 20:1 |
| NY Cocoa | COCOA | 5% | 20:1 |
| MEATS | |||
| Live Cattle | LIVECATTLE | 5% | 20:1 |
| Leverage | Margin Requirement | Product/Instrument |
|---|---|---|
| 100:1 | 1% | German Government 5 year Bobl German Government 2 year Schatz |
| 100:1 | 1% | German Government 10 year Bund |
| 100:1 | 1% | French Government 10 year OAT |
| 50:1 | 2% | Italian Government 10 year BTP |
Le levier disponible pour les CFD sur Forex est de 50:1 ou de 25:1 soit une marge de 2% ou 4%.
| Nom de l’instrument | Symbole | Marge requise | Effet de levier |
|---|---|---|---|
| DEVISES | |||
| Euro / Dollar américain | EURUSDEC | 2% | 50:1 |
| Euro / Yen japonais | EURJPYRY | 2% | 25:1 |
| Euro / Franc suisse | EURCHFRF | 4% | 25:1 |
| Euro / Livre britannique | EURGBPRP | 2% | 50:1 |
| Livre britannique / Dollar américain | GBPUSDBP | 2% | 50:1 |
| Dollar australien / Dollar américain | AUDUSDAD | 4% | 25:1 |
| Indice USD | USDINDEX | 2% | 50:1 |
See under 'Single Stock CFDs'.
Margin Trading carries a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.
