FX Forward Outrights & NDFs

Whereas the FX spot market is for immediate currency trades, the FX forward market is the market for trading currencies for delivery at some point in the future. It enables you to agree a price today (the FX forward price) at which two currencies will be exchanged on a predetermined date in the future.

At Saxo, we provide full electronic access to trade FX forward outrights in 100+ currency pairs with maturities from 1 day to 12 months.

To understand the FX forward outright trading conditions please click here

 

NDFs are tradeable offline only with maturities from 1 day to 12 months (3 months for CNY). 

The following currency pairs are available to trade up to certain Net Open Position (NOP) limits:

NOP Limit

Currency Pairs

USD 10 million

USDBRL, USDCLP, USDCOP, USDCNY, USDIDR, USDINR, USDKRW, USDTWD

USD 5 million

USDPHP, USDPEN

NDFs are tradable offline only through the Global Sales Trading desk. A minimum margin requirement of 8% is applicable along with a minimum trade size of USD 100,000 or equivalent. A higher margin requirement may apply depending on the level of exposure. Prior to trading this product an addendum to Saxo’s General Business Terms must be signed.

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Risicowaarschuwing voor forex

Forex wordt geclassificeerd als rood product, omdat het wordt beschouwd als complex beleggingsproduct met een hoog risico.

Deense banken zijn verplicht om beleggingsproducten die worden aangeboden aan consumenten, te categoriseren aan de hand van hun complexiteit en risico als: groen, geel of rood. Klik hier voor meer informatie