Ultra-competitive pricing
Standard commission rates start at 0.20%, and drop as low as 0.05% as you trade more.
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Why trade bonds with Saxo Bank
Ultra-competitive bonds commissions
| Bond type | Classic | Platinum | VIP |
|---|---|---|---|
| European government bonds | 0.20% (min. EUR 80) | 0.10% (min. EUR 60) | 0.05% (min. EUR 50) |
| US government bonds * | 0.20% (min. EUR 80) | 0.10% (min. EUR 60) | 0.05% (min. EUR 50) |
| European and US corporate bonds | 0.20% (min. EUR 80) | 0.10% (min. EUR 60) | 0.05% (min. EUR 50) |
| Emerging markets bonds ** | 0.20% (min. EUR 80) | 0.10% (min. EUR 60) | 0.05% (min. EUR 50) |
Benefit from fully digital bond execution
Trade bonds on our award-winning trading platform
Trade bonds on our award-winning trading platform
Powerful bond trading tools
Benefit from extensive charting with 50+ technical indicators, integrated Trade Signals, and innovative risk-management tools.
Access 5,000+ online and 33,000+ offline bonds
Access 40,000+ instruments. Trade FX, FX options, CFDs, stocks, ETFs, futures, listed options and bonds from a single cross-margin, multi-currency account.
More information
Saxo Bank allows a percentage of the investment in certain bonds to be used as collateral for margin trading activities.
The collateral value of a bond position depends on the rating of the individual bond, as outlined below:
| Rating definition* | Collateral percentage |
|---|---|
| Highest Rating (AAA) | 95% |
| Very High Quality (AA) | 90% |
| High Quality (A) | 80% |
* as rated internally by Saxo Bank
Example: 80% of the market value of a bond position with an A rating can be used as collateral (instead of cash) to trade margin products such as Forex, CFDs or Futures and Options.
Saxo supports 33,000 bonds offline, so there is a good chance that it can be traded offline from our bond desk. Please contact Saxo to enquire about the possibility of trading the specific bond offline. If so, it will be manually traded, but will still appear in the account summary of your account just like any other position.
Bonds have different minimum trading sizes which can be as high as 50k, 100k or 200k in the relevant currency. You can see the minimum trading sizes and increment on each bond under account > Trading conditions as well as on the trade ticket. However, there are bonds which trade in lower sizes, which may also be available (a minimum limit of 10k in € or $ on all online bonds).
Bonds can be traded online 24/5 if the relevant underlying bond market is open. Trading hours will be limited to the daylight hours where liquidity in the relevant underlying bond market is best (i.e. European government bonds are open for trading in European hours).
A wide range of the most active and liquid government and corporate bonds in Europe, US, Asia, the Middle East and Africa, as well as a limited number of Latin American bonds - in total more than 5000 bonds - are available for online bond trading.
Find more information about our general charges here.
You can review our trading conditions for bonds here.
Bonds risk warning
Bonds are categorised as either green, yellow or red products depending on the individual instrument. Danish banks are required to categorise investment products offered to retail clients depending on the product’s complexity and risk as: green, yellow or red. For most bonds, in particular corporate bonds, bid and offer prices are not public available and transparent, as the majority of trading takes place outside regulated marketplaces. Bonds are traded OTC with Saxo Bank as counterpart, and OTC trading conditions apply. For further information click here