CFDs Spreads and Commissions

Index Tracker CFD spreads

Index-tracking CFD contract details (continuous)

Index Tracker Spread (1)
Standard 		Spread (1)
Active (5) 		Value of one
contract (2) 		Trading Hours (3)
North America
US Tech 100 NAS		 1.0 0.5 USD 1 18:01 - 16:00
US 30 Wall Street		 3.0 2.0 USD 1 18:01 - 16:00
US 500		 0.9 0.4 USD 1 18:01 - 16:00
Europe / Middle East / Africa
Belgium 20		 13 12 EUR 1 09:10 - 17:25
Denmark 20		 2.5 0.75 DKK 1 09:10 - 16:55
EU Stocks 50		 2.0 1.75 EUR 1 08:01 - 21:55
France 40		 2.0 1.0 EUR 1 08:01 - 21:55
Germany 30		 1.5 1.0 EUR 1 08:01 - 21:55
Germany Mid-Cap 50		 15 7.0 EUR 1 09:10 - 17:25
Germany Tech 30		 4.5 4.0 EUR 1 09:10 - 17:25
Italy 40		 12* 11* EUR 1 09:01 - 17:30
Netherlands 25		 0.25 0.18 EUR 1 08:01 - 21:55
Norway 25		 1.0 0.8 NOK 1 09:10 - 16:15
Portugal 20		 25 15 EUR 1 08:10 - 16:25
South Africa 40		 10 7.0 ZAR 1 08:31 - 17:25
Spain 35		 8.0 4.8 EUR 1 08:01 - 19:55
Sweden 30		 0.65 0.45 SEK 1 09:01 - 17:24
Switzerland 20		 3.0 1.75 CHF 1 08:01 - 21:55
UK 100		 1.0 0.85 GBP 1 01:01 - 20.55
UK Mid 250		 44 40 GBP 1 08:10 - 16.25
Asia / Pacific
Australia 200		 1.5 1.4 AUD 1 09:51 - 06:55 (3)
Hong Kong		 12 10 HKD 1 09:16 - 23:40 (3)
Japan 225		 12 8.0 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 Bank’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.

(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 		Commission
Active *)
North America & Canada
NASDAQ 		NASDAQ & NSC 0.02 USD/share
(min 20 USD) 		from 6 USD (1)
New York Stock Exchange 		NYSE & ARCA 0.02 USD/share
(min 20 USD) 		from 6 USD (1)
NYSE MKT		 AMEX 0.02 USD/share
(min 20 USD) 		from 6 USD (1)
Toronto Stock Exchange 		TSE 0.03 CAD/share
(Min 25 CAD) 		0.0225 CAD /share
(min 15 CAD)
Europe / Middle East / Africa
Athens Exchange		 AT 0.30%
(min 12 EUR) 		0.1175% (+0.1325%)
(min 10 EUR)
BME Spanish Exchanges		 SIBE 0.10%
(min 12 EUR) 		from 9 EUR (3)
Budapest Stock Exchange		 BUX 0.50%
(min 6,000 HUF) 		0.30%
(min 5,000 HUF)
Deutsche Börse (XETRA)		 FSE 0.10%
(min 12 EUR) 		from 9 EUR (4)
Irish Stock Exchange		 ISE 0.10%
(min 12 EUR) 		0.06%
(min 9 EUR)
Johannesburg Stock Exchange		 JSE 0.25%
(min 100 ZAR) 		0.15%
(min 80 ZAR)
London Stock Exchange 		LSE_SETS 0.10%
(min 8 GBP) 		from 8 GBP (5)
London Stock Exchange (IOB)		 LSE_INTL 0.10%
(min 20 USD) 		0.05%
(min 10 USD)
Milan Stock Exchange		 MIL 0.19%
(min 15 EUR) 		from 9 EUR
(+0.07%) (4)
NASDAQ OMX Copenhagen		 CSE 0.10%
(min 65 DKK) 		0.05%
(min 50 DKK)
NASDAQ OMX Helsinki		 HSE 0.10%
(min 10 EUR) 		0.05%
(min 7 EUR)
NASDAQ OMX Stockholm		 SSE 0.10%
(min 65 SEK) 		0.05%
(min 55 SEK)
NYSE Euronext Amsterdam (AEX)		 AMS 0.09%
(min 5 EUR) 		from 12 EUR (3)
NYSE Euronext Brussels		 BRU 0.10%
(min 12 EUR) 		0.05%
(min 8 EUR)
NYSE Euronext Lisbon		 LISB 0.10%
(min 12 EUR) 		0.05%
(min 8 EUR)
NYSE Euronext Paris 		PAR 0.10%
(min 12 EUR) 		from 9 EUR (3)
Oslo Stock Exchange		 OSE 0.10%
(min 65 NOK) 		0.07%
(min 55 NOK)
Prague Stock Exchange		 PRA 0.25%
(min 500 CZK) 		0.22%
(min 400 CZK)
SIX Swiss Exchange 		SWX & VX 0.10%
(min 18 CHF) 		from 11 CHF (6)
Vienna Stock Exchange		 VIE 0.10%
(min 12 EUR) 		0.09%
(min 12 EUR)
Warsaw Stock Exchange		 WSE 0.25%
(min 65 PLN) 		0.22%
(min 60 PLN)
Asia / Pacific
Australian Securities Exchange		 ASX 0.10%
(min 8 AUD) 		0.05%
(min 6 AUD)
Hong Kong Exchanges		 HKEX 0.25%
(min 90 HKD) 		0.102% (+0.108%)
(min 80 HKD)
Singapore Exchange		 SGX-ST 0.20%
(min 17 SGD) 		0.14% (+0.04%)
(min 15 SGD)
Tokyo Stock Exchange		 TYO 0.15%
(min 1,000 JPY) 		0.08%
(min 600 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
(3) 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%
(4) 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%
(5) London Stock Exchange: The flat fee apply up to a trade size of GBP 30,000, above the threshold the commission is 0.05%.
(6) SIX Swiss Exchange: The flat fee apply up to a trade size of CHF 30,000, above the threshold the commission is 0.05%

Commodity CFD spreads

Commodity CFDs are over-the-counter products with a price established by Saxo Bank 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
Standard 		Spread Minimum
Active (1) 		Min. trade size Trading hours (2) Expiry date
METALS
Gold GOLD 0.60 0.50 1 18:01-17:00 FND -2
Silver SILVER 3.5 2.5 25 18:01-17:00 FND -2
Platinum PLATINUM 1.70 1.10 1 18:02-17:00 FND -2
Palladium PALLADIUM 1.75 1.05 1 18:01 – 17:00 FND -2
US Copper COPPERUS 0.55 0.45 500 18:01-17:00 FND -2
ENERGY
US Crude OILUS 0.05 0.03 25 18:01-17:00 LTD -2
UK Crude OILUK 0.05 0.03 25 01:01-22:55 (3) LTD -2
Heating Oil HEATINGOIL 0.35 0.25 500 18:01-17:00 LTD -2
Gasoline US GASOLINEUS 0.25 0.17 500 18:01-17:00 LTD -2
Gas Oil GASOILUK 1.25 0.75 1 01:01-21:55 LTD -2
US Natural Gas NATGASUS 0.017 0.011 200 18:01-17:00 LTD -2
CO2 Emissions EMISSIONS 0.07 0.05 25 07:01-17:00 LTD -2
AGRICULTURE
Corn CORN 1.25 0.75 200 19:01 – 13:20 FND -2
Wheat WHEAT 2.25 1.75 200 19:01 – 13:20 FND -2
Soybeans SOYBEANS 1.75 1.25 200 19:01 – 13:20 FND -2
SOFTS
NY Sugar No. 11 SUGARNY 0.05 0.03 5,000 03:31 – 13:00 LTD -2
NY Coffee COFFEENY 0.45 0.35 1,000 04:16 – 13:30 FND -2
NY Cocoa COCOANY 9.0 5.0 1 04:46 – 13:30 FND -2
MEATS
Live Cattle LIVECATTLE 0.175 0.125 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 Bank 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		 Spread Mark up
Active (1)		 Min. trade size Trading hours (2) Expiry Expiry Time
Euro / US Dollar EURUSDEC 0.0002 0.00018 5,000 17:00-16:00 FND -3 10:00 CST
Euro / Japanese Yen EURJPYRY 0.03 0.02 5,000 17:00-16:00 FND -3 10:00 CST
Euro / Swiss Franc EURCHFRF 0.0002 0.0002 5,000 17:00-16:00 FND -3 10:00 CST
Euro / British Pound EURGBPRP 0.00025 0.0002 5,000 17:00-16:00 FND -3 10:00 CST
British Pound / US Dollar GBPUSDBP 0.0003 0.00025 5,000 17:00-6:00 FND -3 10:00 CST
Australian Dollar / US Dollar AUDUSDAD 0.0003 0.0002 5,000 17:00-16:00 FND -3 10:00 CST
USD Index USDINDEX 0.010 0.008 100 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

Bond CFDs are over-the-counter products with a price established by Saxo Bank 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
Standard 		Spread
Minimum
Active (1) 		Min. trade size Trading hours (2)
German Government
10 year Bund 		BUND 0.03 0.02 50 CFDs 08:01-21:55
German Government
5 year Bobl 		BOBL 0.03 0.02 50 CFDs 08:01-21:55
German Government
2 year Schatz		 SCHATZ 0.015 0.01 50 CFDs 08:01-21:55
Italian Government
10 year BTP		 10YBTP 0.05 0.03 50 CFDs 08:01-18:55
French Government
10 year OAT		 10YOAT 0.05 0.03 50 CFDs 08:01-18:55

Active pricing

If you are an Active Trader within equity and equity-related products, Saxo offers you some of the lowest rates in the market.
In order to qualify for Equity Active Trader rates you need to place at least 100 trades per calendar month, within any of the following instruments:

  • Stocks
  • ETFs/ETC
  • Single Stock CFDs

Please note the following:

  • The Active pricing may vary from the prices shown above depending on your country of residence.•If the required monthly activity is not fulfilled, standard rates will apply the following month.
  • You can familiarise yourself with the relevant terms of our Active Equity pricing in the FAQ section.

Updated 23 June 2016

Index Tracker CFD spreads

Index-tracking CFD contract details (continuous)

Index Tracker Spread 1)
Standard 		Spread 1)
Active (5) 		Value of one
contract 2) 		Trading Hours 3)
North America
US Tech 100 NAS		 1.0 0.5 USD 1 18:01 - 16:00
US 30 Wall Street		 3.0 2.0 USD 1 18:01 - 16:00
US 500		 0.9 0.4 USD 1 18:01 - 16:00
Europe / Middle East / Africa
Belgium 20		 13 12 EUR 1 09:10 - 17:25
Denmark 20		 2.5 0.75 DKK 1 09:10 - 16:55
EU Stocks 50		 2.0 1.75 EUR 1 08:01 - 21:55
France 40		 2.0 1.0 EUR 1 08:01 - 21:55
Germany 30		 1.5 1.0 EUR 1 08:01 - 21:55
Germany Mid-Cap 50		 15 7.0 EUR 1 09:10 - 17:25
Germany Tech 30		 4.5 4.0 EUR 1 09:10 - 17:25
Italy 40		 12 * 11 * EUR 1 09:01 - 17:30
Netherlands 25		 0.25 0.18 EUR 1 08:01 - 21:55
Norway 25		 1.0 0.8 NOK 1 09:10 - 16:15
Portugal 20		 25 15 EUR 1 08:10 - 16:25
South Africa 40		 10 7.0 ZAR 1 08:31 - 17:25
Spain 35		 8.0 4.8 EUR 1 08:01 - 19:55
Sweden 30		 0.65 0.45 SEK 1 09:01 - 17:24
Switzerland 20		 3.0 1.75 CHF 1 08:01 - 21:55
UK 100		 1.0 0.85 GBP 1 01:01 - 20.55
UK Mid 250		 44 40 GBP 1 08:10 - 16.25
Asia / Pacific
Australia 200		 1.5 1.4 AUD 1 09:51 - 06:55 3)
Hong Kong		 12 10 HKD 1 09:16 - 23:40 3)
Japan 225		 12 8.0 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 Bank’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.

(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 		Commission
Active *
North America & Canada
NASDAQ 		NASDAQ & NSC 0.02 USD/share
(min 20 USD) 		from 6 USD 1)
New York Stock Exchange 		NYSE & ARCA 0.02 USD/share
(min 20 USD) 		from 6 USD 1)
NYSE MKT		 AMEX 0.02 USD/share
(min 20 USD) 		from 6 USD 1)
Toronto Stock Exchange 		TSE 0.03 CAD/share
(Min 25 CAD) 		0.0225 CAD /share
(min 15 CAD)
Europe / Middle East / Africa
Athens Exchange		 AT 0.30%
(min 12 EUR) 		0.1175% (+0.1325%)
(min 10 EUR)
BME Spanish Exchanges		 SIBE 0.10%
(min 12 EUR) 		from 9 EUR 3)
Budapest Stock Exchange		 BUX 0.50%
(min 6,000 HUF) 		0.30%
(min 5,000 HUF)
Deutsche Börse (XETRA)		 FSE 0.10%
(min 12 EUR) 		from 9 EUR 4)
Irish Stock Exchange		 ISE 0.10%
(min 12 EUR) 		0.06%
(min 9 EUR)
Johannesburg Stock Exchange		 JSE 0.25%
(min 100 ZAR) 		0.15%
(min 80 ZAR)
London Stock Exchange 		LSE_SETS 0.10%
(min 8 GBP) 		from 8 GBP 5)
London Stock Exchange (IOB)		 LSE_INTL 0.10%
(min 20 USD) 		0.05%
(min 10 USD)
Milan Stock Exchange		 MIL 0.19%
(min 15 EUR) 		from 9 EUR
(+0.07%) 4)
NASDAQ OMX Copenhagen		 CSE 0.10%
(min 65 DKK) 		0.05%
(min 50 DKK)
NASDAQ OMX Helsinki		 HSE 0.10%
(min 10 EUR) 		0.05%
(min 7 EUR)
NASDAQ OMX Stockholm		 SSE 0.10%
(min 65 SEK) 		0.05%
(min 55 SEK)
NYSE Euronext Amsterdam (AEX)		 AMS 0.09%
(min 5 EUR) 		from 12 EUR 3)
NYSE Euronext Brussels		 BRU 0.10%
(min 12 EUR) 		0.05%
(min 8 EUR)
NYSE Euronext Lisbon		 LISB 0.10%
(min 12 EUR) 		0.05%
(min 8 EUR)
NYSE Euronext Paris 		PAR 0.10%
(min 12 EUR) 		from 9 EUR 3)
Oslo Stock Exchange		 OSE 0.10%
(min 65 NOK) 		0.07%
(min 55 NOK)
Prague Stock Exchange		 PRA 0.25%
(min 500 CZK) 		0.22%
(min 400 CZK)
SIX Swiss Exchange 		SWX & VX 0.10%
(min 18 CHF) 		from 11 CHF 6)
Vienna Stock Exchange		 VIE 0.10%
(min 12 EUR) 		0.09%
(min 12 EUR)
Warsaw Stock Exchange		 WSE 0.25%
(min 65 PLN) 		0.22%
(min 60 PLN)
Asia / Pacific
Australian Securities Exchange		 ASX 0.10%
(min 8 AUD) 		0.05%
(min 6 AUD)
Hong Kong Exchanges		 HKEX 0.25%
(min 90 HKD) 		0.102% (+0.108%)
(min 80 HKD)
Singapore Exchange		 SGX-ST 0.20%
(min 17 SGD) 		0.14% (+0.04%)
(min 15 SGD)
Tokyo Stock Exchange		 TYO 0.15%
(min 1,000 JPY) 		0.08%
(min 600 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
(3) 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%
(4) 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%
(5) London Stock Exchange: The flat fee apply up to a trade size of GBP 30,000, above the threshold the commission is 0.05%.
(6) SIX Swiss Exchange: The flat fee apply up to a trade size of CHF 30,000, above the threshold the commission is 0.05%
Commodity CFD spreads

Commodity CFDs are over-the-counter products with a price established by Saxo Bank 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
Standard 		Spread Minimum
Active 1) 		Min. trade size Trading hours 2) Expiry date
METALS
Gold GOLD 0.60 0.50 1 18:01-17:00 FND -2
Silver SILVER 3.5 2.5 25 18:01-17:00 FND -2
Platinum PLATINUM 1.70 1.10 1 18:02-17:00 FND -2
Palladium PALLADIUM 1.75 1.05 1 18:01-17:00 FND -2
US Copper COPPERUS 0.55 0.45 500 18:01-17:00 FND -2
ENERGY
US Crude OILUS 0.05 0.03 25 18:01-17:00 LTD -2
UK Crude OILUK 0.05 0.03 25 01:01-22:55 3) LTD -2
Heating Oil HEATINGOIL 0.35 0.25 500 18:01-17:00 LTD -2
Gasoline US GASOLINEUS 0.25 0.17 500 18:01 – 17:00 LTD -2
Gas Oil GASOILUK 1.25 0.75 1 01:01 – 21:55 LTD -2
US Natural Gas NATGASUS 0.017 0.011 200 18:01 – 17:00 LTD -2
CO2 Emissions EMISSIONS 0.07 0.05 25 07:01 – 17:00 LTD -2
AGRICULTURE
Corn CORN 1.25 0.75 200 19:01 – 13:20 FND -2
Wheat WHEAT 2.25 1.75 200 19:01 – 13:20 FND -2
Soybeans SOYBEANS 1.75 1.25 200 19:01 – 13:20 FND -2
SOFTS
NY Sugar No. 11 SUGARNY 0.05 0.03 5,000 03:31 – 13:00 LTD -2
NY Coffee COFFEENY 0.45 0.35 1,000 04:16 – 13:30 FND -2
NY Cocoa COCOANY 9.0 5.0 1 04:46 – 13:30 FND -2
MEATS
Live Cattle LIVECATTLE 0.175 0.125 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 Bank 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		 Spread Mark up
Active 1)		 Min. trade size Trading hours 2) Expiry Expiry Time
Euro / US Dollar EURUSDEC 0.0002 0.00018 5,000 17:00-16:00 FND -3 10:00 CST
Euro / Japanese Yen EURJPYRY 0.03 0.02 5,000 17:00-16:00 FND -3 10:00 CST
Euro / Swiss Franc EURCHFRF 0.0002 0.0002 5,000 17:00-16:00 FND -3 10:00 CST
Euro / British Pound EURGBPRP 0.00025 0.0002 5,000 17:00-16:00 FND -3 10:00 CST
British Pound / US Dollar GBPUSDBP 0.0003 0.00025 5,000 17:00-6:00 FND -3 10:00 CST
Australian Dollar / US Dollar AUDUSDAD 0.0003 0.0002 5,000 17:00-16:00 FND -3 10:00 CST
USD Index USDINDEX 0.010 0.008 100 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

Bond CFDs are over-the-counter products with a price established by Saxo Bank 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
Standard 		Spread
Minimum
Active 1) 		Min. trade size Trading hours 2)
German Government
10 year Bund 		BUND 0.03 0.02 50 CFDs 08:01-21:55
German Government
5 year Bobl 		BOBL 0.03 0.02 50 CFDs 08:01-21:55
German Government
2 year Schatz		 SCHATZ 0.015 0.01 50 CFDs 08:01-21:55
Italian Government
10 year BTP		 10YBTP 0.05 0.03 50 CFDs 08:01-18:55
French Government
10 year OAT		 10YOAT 0.05 0.03 50 CFDs 08:01-18:55
Active pricing

If you are an Active Trader within equity and equity-related products, Saxo offers you some of the lowest rates in the market.
In order to qualify for Equity Active Trader rates you need to place at least 100 trades per calendar month, within any of the following instruments:

  • Stocks
  • ETFs/ETC
  • Single Stock CFDs

Please note the following:

  • The Active pricing may vary from the prices shown above depending on your country of residence.
  • If the required monthly activity is not fulfilled, standard rates will apply the following month.
  • You can familiarise yourself with the relevant terms of our Active Equity pricing in the FAQ section.

Updated 23 June 2016
Risicowaarschuwing voor CFD's

Een CFD wordt geclassificeerd als rood product omdat het wordt beschouwd als complex beleggingsproduct met een hoog risico.


Deense banken zijn verplicht om beleggingsproducten voor particulieren naar complexiteit en risico te classificeren als: groen, geel of rood.

Uw browser kan deze website niet correct weergeven.

En op desktop IE 10 of nieuwer. Als u gebruik maakt van een ouder systeem of de browser, kan de website er vreemd uitzien. Om uw ervaring op onze site te verbeteren, werk aub uw browser of systeem bij.