Ultra-competitive FX spreads
Trade major Forex pairs from 0.6 pips. Competitive entry prices and even lower rates for active traders.
Start trading with Saxo today
Open a Saxo account in just a few steps and gain access to all asset classes
Why trade Forex with Saxo Bank
Tight, all-inclusive FX spreads
Ways to trade FX pairs with Saxo
Spot FX
Buy and sell 190+ currency pairs at their current prices.
Crypto FX
Gain exposure to leading cryptocurrencies by trading them against major currencies. Read more here.
FX options
Anticipate future prices with maturities from one day to 12 months. Read more here.
FX swaps
Speculate on FX prices while hedging your exposure.
Best-in-class forex execution
Trade Forex on our award-winning trading platform
Trade Forex on our award-winning trading platform
Powerful Forex trading tools
Benefit from extensive charting with 50+ technical indicators, integrated Trade Signals and innovative risk management tools.
Trade 190+ Forex spot pairs and 130+ forwards
Access 60,000+ instruments. Trade FX, FX options, CFDs, stocks, ETFs, futures, listed options and bonds from a single cross-margin, multi-currency account.
More information
Our initial margin rates start at 3.33% for major FX pairs including EURUSD, USDJPY, USDCAD, EURJPY and more. If you qualify as an Elective Professional client, our initial margin rates start at 1.5% for major FX pairs.
See a full list of our FX margin rates for Retail clients as well as our FX margin rates for Elective Professional clients.
Read more about FX margins for Retail clients here or FX margins for Professionals here.
You can find more information about the FX value date rollover, rollover procedure and historic swap points here
Both our SaxoTraderGO and SaxoTraderPRO platforms offer you a fast and intuitive forex trading experience.
However, if you’d like some help getting started, we’ve put together a short guide on how to trade forex on SaxoTraderGO, which highlights the key features you’ll need.
Derive the value of potential price improvements on every trade. Assume greater control of your trading, and achieve an optimal balance between fill ratio and price level through our fully customised orders.
Saxo offer a variety of orders, including Market, Limit and Stop orders. To learn more please see Orders and Execution Statistics.
To learn more about how Saxo executes orders on behalf of its clients, please refer to our Order Execution Policy.
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. FX forward outrights enable you to agree a price today (the FX forward price) at which two currencies will be exchanged on a predetermined date in the future. FX swaps likewise enable you to agree a price today at which two transactions will be executed. An FX swap is a simultaneous purchase and sale, or vice versa, of one currency for another currency with two different value dates; two parties agree upon a currency exchange on one day and simultaneously agree to unwind or reverse that transaction on a specified date in the future.
At Saxo, we provide full electronic access to trade FX forward outrights and FX swaps in 130+ currency pairs with maturities from 1 day to 12 months.
To understand the FX forward outright trading conditions please click here.
For more information on FX swaps please click here
NDFs are tradable offline only through the Global Sales Trading desk. An initial FX margin requirement of 9% is applicable (8% maintenance margin) and 1% interest rate margin (subject to change). There is a minimum trade size of USD 100,000 or equivalent and a Net Open Position (NOP) limit of 3 million USD. 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.
NDFs are tradeable offline only with maturities from 1 day to 12 months.
The following currency pairs are available to trade: USDBRL, USDCLP, USDCOP, USDCNY, USDIDR, USDINR, USDKRW, USDPEN, USDPHP, USDTWD.
Find more information about our general charges here.
A ticket fee is charged on FX trades below the Commission Threshold. You can find the Commission Threshold for each currency pair here. The ticket fee for respective FX pairs can be found in the Trading Conditions on the platform under Trading rates
You can review our trading conditions for Forex here.
Forex risk warning
Forex is categorised as a red product as it is considered an investment product with a high complexity and a high risk.
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 further information click here