CFD Spreads And Commissions

Index-tracking CFD contract details (continuous)

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 - 00:55 (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⁾ PointValue 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 11:59-13:00 and an evening break between 16:25-17:16, the trading session in Japan 225 has a break between 15:20 and 15:56 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

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 (2)
	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 (3)
	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 (4)
	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%) (3)
	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 (2)
	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 (2)
	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 (5)
	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
⁽²⁾ 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%
⁽³⁾ 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%
⁽⁴⁾ London Stock Exchange: The flat fee apply up to a trade size of GBP 30,000, above the threshold the commission is 0.05%.
⁽⁵⁾ 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 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:

METALS

ENERGY

AGRICULTURE

SOFTS

MEATS

⁽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 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

⁽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 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

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