Ultra-competitive FX spreads
Trade major FX pairs from 0.4 pips. Competitive entry prices and even lower rates for active traders.
Start trading with Saxo today
Opening an account takes 5 minutes
Trade forex on an award-winning platform
Access 182 FX pairs across majors, minors and exotics, plus spot metals, from only 0.4 pips
Why trade FX with Saxo Bank
Tight, all-inclusive FX spreads
We offer three levels of pricing depending on your account tier.
| Instrument | Classic | Platinum | VIP |
|---|---|---|---|
| EUR USD | 0.8 | 0.7 | 0.6 |
| GBP USD | 1.0 | 0.8 | 0.7 |
| EUR JPY | 1.1 | 1.0 | 0.9 |
| USD JPY | 0.8 | 0.7 | 0.6 |
| AUD USD | 0.5 | 0.5 | 0.4 |
| XAU USD | 14.0 | 12.0 | 11.0 |
| Live and historical spreads | Live and historical spreads | Live and historical spreads |
Best-in-class forex execution
Access Tier-1 liquidity to receive higher fill-rates, fewer premature stop-outs and significant price improvements.
Find your next trade
Get actionable insights into current market movements.
See whether Saxo traders are buying or selling our most popular FX pairs.
| Instrument | Sellers | Buyers | Bid | Ask | |
|---|---|---|---|---|---|
Australian Dollar/Japanese Yen AUDJPY | 57% | 43% | 73.839 | 73.889 | |
US Dollar/Japanese Yen USDJPY | 47% | 53% | 111.923 | 111.943 | |
Euro/US Dollar EURUSD | 40% | 60% | 1.07922 | 1.07942 | |
Euro/Australian Dollar EURAUD | 43% | 57% | 1.63536 | 1.63596 | |
Gold/Australian Dollar XAUAUD | 53% | 47% | 2468.75 | 2469.66 |
Review today’s biggest gains and losses on the forex market for a snapshot of the market mood.
Losers
| Instrument | Price | Change (1D) | |
|---|---|---|---|
New Zealand Dollar/Japanese Yen NZDJPY | 70.618 JPY | -0.53% | |
New Zealand Dollar/Swiss Franc NZDCHF | 0.62015 CHF | -0.5% | |
New Zealand Dollar/Czech Koruna NZDCZK | 14.6429 CZK | -0.5% | |
New Zealand Dollar/Polish Zloty NZDPLN | 2.50035 PLN | -0.49% | |
Mexican Peso/Japanese Yen MXNJPY | 5.92375 JPY | -0.48% |
Automate your analysis with Trade Signals by Autochartist, free for Saxo clients. This leading
technical analysis tool identifies emerging and completed chart patterns.
| Instrument | Signal | Identified | Probability | Quality | |
|---|---|---|---|---|---|
Euro/Japanese Yen EURJPY | 1D Channel Down | 20-Feb 00:00 | 70.19% | ||
Euro/Australian Dollar EURAUD | 4H Channel Down | 20-Feb 04:00 | 69.66% | ||
Euro/Canadian Dollar EURCAD | 4H Falling Wedge | 20-Feb 12:00 | 67.02% | ||
British Pound/Canadian Dollar GBPCAD | 4H Descending Triangle | 19-Feb 20:00 | 65.09% | ||
British Pound/Swiss Franc GBPCHF | 4H Channel Up | 20-Feb 12:00 | 70.18% |
Trade FX on our award-winning trading platform
Trade FX on our award-winning trading platform
SaxoTraderGO is our powerful yet easy-to-use platform. Trade from PC, Mac, tablet or smartphone.
Powerful FX trading tools
Benefit from extensive charting with 50+ technical indicators, integrated Trade Signals and innovative risk management tools.
Trade 182 FX spot pairs and 140 forwards
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
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 100+ 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.
You can review our trading conditions for Forex here.
24-hour expert service
24-hour expert service
Whether you’re a high- or low-volume trader, you’ll receive first-class support tailored to your needs.
Integrated digital support
Access our self-service support centre, email helpdesk and a range of educational courses.
24-hour customer service
Get support for technical matters and account queries whenever markets are open.
Relationship managers and sales traders
Active traders benefit from a dedicated point of contact and access to our world-class trading experts.
Exclusive VIP services
Receive our very best prices, priority support and exclusive event invitations.
Trusted for more than 25 years
Trusted for more than 25 years
Fully regulated
We adhere to the strictest regulatory standards, and are fully licensed and regulated in 15 jurisdictions across Europe, the Middle East and Asia.
Financial strength
We’re a financially stable company with a robust balance sheet. We serve clients in 170 countries, hold USD 16bn in AUM and process 1m transactions daily.
Multi-award winner
We’ve been consistently recognised by our industry and have won the highest accolades for our products, platform and service.
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