Pricing Overview

Value for money with Saxo's transparent pricing structure

In 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

Forex

FX Volume-based Discount Plan

Commissions level Volume USDm (average monthly) Gross Commission per USDm Discount Net commission per USDm
Level 1 0 - 50 50 USD 0 USD 50 USD
Level 2 50 - 100 50 USD -10 USD 40 USD
Level 3 100 - 250 50 USD -20 USD 30 USD
Level 4 250 - 500 50 USD -25 USD 25 USD
Level 5 500 - 1,000 50 USD -30 USD 20 USD
Level 6 > 1,000 50 USD -33 USD 17 USD
  • Competitive and transparent pricing from as low as 0.1 pip, 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 50 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-er

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. 

CFD single stock commissions from Volume based
 
 NASDAQ & NYSE
6.00 USD
 
 London Stock Exchange
5.00 GBP
 
 Deutsche Börse (XETRA)
9.00 EUR
CFD index tracker - Minimum spreads
 
 US 500
0.40
 
 UK 100
0.85
 
 Germany 30
1.00
CFD single stock commissions from Standard price
 
 NASDAQ & NYSE
2 cps (min. 20 USD)
 
 London Stock Exchange
0.10% (min. 8 GBP)
 
 Deutsche Börse (XETRA)
0.12% (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

Obligasjoner

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

Active Pricing
With active pricing commission is based on your trading activity - the more you trade the less you pay.

Market Commission from
European government bonds 0.05% (minimum 50 EUR) *
US government bonds 0.05% ** (minimum 50 EUR) *
European an US corporate bonds 0.10% (minimum 50 EUR) *
Emerging Markets bonds 0.10% (minimum 50 EUR) *
Market Commission from
European government bonds 0.20% (minimum 80 EUR) *
US government bonds 0.20% ** (minimum 80 EUR) *
European an US corporate bonds 0.20% (minimum 80 EUR) *
Emerging Markets bonds 0.20% (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

Kontraktsopsjoner

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 currency Commission from*
GBP 1.25
EUR 1.50
USD 1.50
CAD 1.50
CHF 2.00
AUD 2.50

* Negotiable commissions with high volume.

Rates and Conditions

Aksjer

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.

 
NASDAQ & NYSE
from 6.00 USD
 
London Stock Exchange
from 5.00 GBP
 
Deutsche Börse (XETRA)
from 9.00 EUR
 
SIX Swiss Exchange
from 11.00 CHF
 
Milan Stock Exchange
from 9.00 EUR
 
NYSE Euronext Paris
from 9.00 EUR
 
BME Spanish Exchanges
from 9.00 EUR
 
NASDAQ & NYSE
2 cps (min. 15 USD)
 
London Stock Exchange
0.10% (min. 8 GBP)
 
Deutsche Börse (XETRA)
0.10% (min. 12 EUR)
 
SIX Swiss Exchange
0.10% (min. 18 CHF)
 
Milan Stock Exchange
0.10% (min 12 EUR)
 
NYSE Euronext Paris
0.10% (min 12 EUR)
 
BME Spanish Exchanges
0.10% (min 12 EUR)

* Examples of lowest local market pricing

Rates and Conditions

Aksjeopsjoner

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 currency Commissions as low as*
GBP 1.50
EUR 2.00
USD 2.00
CAD 3.00
CHF 3.00
HKD 20.00

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

Rates and Conditions

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 currency Commissions as low as*
GBP 1.25
EUR 1.50
USD 1.50
CAD 1.50
CHF 2.00
AUD 2.50

* Negotiable commissions with high volume.

Rates and Conditions

Valutaopsjoner

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 crosses Lowest spread*
EUR USD 0.0005
GBP USD 0.0008
EUR CHF 0.0008
AUD USD 0.0004
XAU USD 1.90

* Negotiable commissions with high volume.

Rates and Conditions