CFD pricing

Find details of our industry-leading CFD prices and low trading costs.

Execution prices

We have three pricing tiers. Pay less as you trade more.
Learn more about our account tiers

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Index TrackerSpread(1) ClassicSpread(1) PlatinumSpread(1) VIPContract SizeCurrencyTrading Hours(2)

North America

US Tech 100 NAS
1.000.700.501 indexUSD18:01 - 16:00
US 30 Wall Street
3.002.002.001 indexUSD18:01 - 16:00
US 500
0.700.500.401 indexUSD18:01 - 16:00

Europe

Belgium 20
13.0012.0012.001 indexEUR09:10 - 17:25
Denmark 20
2.501.250.751 indexDKK09:10 - 16:55
EU Stocks 50
2.001.751.501 indexEUR01:16 - 22:00
France 40
2.001.501.001 indexEUR08:01 - 22:00
Germany 30
1.201.000.901 indexEUR01:16 - 22:00
Germany Mid-Cap 50
15.0010.007.001 indexEUR09:10 - 17:25
Germany Tech 30
4.504.004.001 indexEUR09:10 - 17:25
Italy 40
12.00 *11.00 *11.00 *1 indexEUR09:01 - 17:30
Netherlands 25
0.250.200.181 indexEUR08:01 - 22:00
Norway 25
1.000.900.801 indexNOK09:10 - 16:20
Portugal 20
25.0020.0015.001 indexEUR08:10 - 16:25
South Africa 40
10.008.007.001 indexZAR08:31 - 17:30
Spain 35
8.006.504.001 indexEUR08:01 - 20:00
Sweden 30
0.650.550.451 indexSEK09:01 - 17:25
Switzerland 20
3.002.501.751 indexCHF08:01 - 22:00
UK 100
1.000.900.851 indexGBP01:01 - 21.00
UK Mid 250
44.0042.0040.001 indexGBP08:10 - 16.25

Asia

Australia 200
1.501.401.251 indexAUD09:51 - 07:00(2)
Hong Kong
12.0011.0010.001 indexHKD09:16 - 03:00(2)
Japan 225
12.0010.008.001 indexJPY07:31 - 04:45(2)

All prices shown on this page are offered to new Saxo clients. Existing clients can access pricing information directly in the trading platform.

Actual price varies based on the country of client residence.

Index CFDs contract details (expiring)

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Index TrackerSpread(1) ClassicSpread(1) PlatinumSpread(1) VIPContract SizeCurrencyTrading Hours(2)
US2000
0.500.400.401 indexUSD20:01 - 16:00
China 50
12.0011.0011.001 indexUSD09:01 - 01:55
India 50
4.003.003.001 indexUSD09:01 - 01:55
Singapore
0.300.200.201 indexSGD08:31 - 01:55
Taiwan
0.400.300.301 indexUSD08:46 - 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) 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 11:59-12:59 and an evening break between 16:25-17:16, the trading session in Japan 225 has a break between 14:20 and 14:56 and the Australia 200 there is a break between 14:30 and 15:11. 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.

All prices shown on this page are offered to new Saxo clients. Existing clients can access pricing information directly in the trading platform.

Actual price varies based on the country of client residence.

Other costs

As Index CFDs at Saxo Bank are margined products, you finance the traded value through an overnight credit/debit charge. If you open and close a CFD position within the same trading day, you are not subject to overnight financing. When you hold an Index CFD position overnight, your CFD position will consequently be subject to the following credit or debit:

  • Holding Long CFD Stock Index Tracker positions after 17:00 EST (New York time) incurs a financing charge which is calculated as follows:
    • Index Value * Number of CFDs * (relevant Inter-Bank Offered Rate + 3.50%) * (Actual Number of Days/360 or Actual Number of Days/365)
  • Holding Short positions after 17:00 EST (New York time) creates a financing credit which is calculated as follows:
    • Index Value * Number of CFDs * (relevant Inter-Bank Bid Rate – 3.00%) * (Actual Number of Days/360 or Actual Number of Days/365)

Please note the following:
A) A floor will apply to the relevant Inter-Bank Bid/Offer Rate, i.e. if the Inter-Bank Rate is negative, then it will be excluded from the financing calculation.
B) If the calculated financing rate on a short position (Inter-Bank Bid Rate – mark-down) is negative, then the financing credit will become a financing charge.

As Single Stock CFDs at Saxo Bank are a margined product, you finance the traded value through an overnight credit/debit charge. If you open and close a CFD position within the same trading day, you are not subject to overnight financing. When you hold a Single Stock CFD position (or an ETF/ETC CFD position) overnight, i.e. have an open CFD position at close of market on the Stock Exchange, your CFD position will consequently be subject to the following credit or debit

  • When you hold a long CFD position, you are subject to a debit calculated on the basis of the relevant Inter-Bank Offer Rate for the currency in which the underlying share is traded (e.g. - LIBOR) plus a mark-up (times Actual Days/360 or Actual Days/365).

  • When you hold a short CFD position, you receive a credit calculated on the basis of the relevant Inter-Bank Bid Rate for the currency in which the underlying share is traded (e.g. LIBID) minus a mark-down (times Actual Days/360 or Actual Days/365).

The credit/debit is calculated on the total nominal value of the underlying Stocks at the time the CFD contract is established (whether long or short).

Please note the following:

  • A floor will apply to the relevant Inter-Bank Bid/Offer Rate, i.e. if the Inter-Bank Rate is negative it will be excluded from the financing calculation.

  • If the calculated financing rate on a short position (Inter-Bank Bid Rate – mark-down) is negative, the financing credit will become a financing charge.
MarketSymbolLong positions (mark-up)Short positions (mark-down)

North America & Canada

NASDAQNASDAQ & NSC+3.50%-3.00%
New York Stock ExchangeNYSE & ARCA+3.50%-3.00%
NYSE MKTAMEX+3.50%-3.00%
Toronto Stock ExchangeTSE+3.50%-3.00%

Europe / Middle East / Africa

Athens ExchangeAT+4.50%-4.00%
BME Spanish ExchangesSIBE+3.50%-3.00%
Budapest Stock ExchangeBUX+3.50%-3.00%
Deutsche Börse (XETRA)FSE+3.50%-3.00%
Irish Stock ExchangeISE+3.50%-3.00%
London Stock ExchangeLSE_SETS+3.50%-3.00%
London Stock Exchange (IOB)LSE_INTL+3.50%-3.00%
Milan Stock ExchangeMIL+3.50%-3.00%
NASDAQ OMX CopenhagenCSE3.50%-3.00%
NASDAQ OMX HelsinkiHSE+3.50%-3.00%
NASDAQ OMX StockholmSSE+3.50%-3.00%
NYSE Euronext Amsterdam (AEX)AMS+3.50%-3.00%
NYSE Euronext BrusselsBRU+3.50%-3.00%
NYSE Euronext LisbonLISB+3.50%-3.00%
NYSE Euronext ParisPAR+3.50%-3.00%
Oslo Stock ExchangeOSE+3.50%-3.00%
Prague Stock ExchangePRA+3.00%-5.00%
SIX Swiss ExchangeSWX & VX+3.50%-3.00%
Vienna Stock ExchangeVIE+3.50%-3.00%
Warsaw Stock ExchangeWSE+3.50%-3.00%

Asia / Pacific

Johannesburg Stock ExchangeJSE+5.00%-3.50%
Australian Securities ExchangeASX+3.50%-3.00%
Hong Kong ExchangesHKEX+3.50%-3.00%
Singapore ExchangeSGX-ST3.50%-3.00%
Tokyo Stock ExchangeTYO+3.50%-3.00%

'Trading Conditions' > 'CFD Stock/Index Instrument List' on the platform.

When selling a CFD, the borrowing cost for holding the position overnight is shown in the CFD Trade module in the 'Estimated borrowing cost per day' field. The borrowing rate will be fixed when the position is opened and will be charged on a monthly basis. Please be aware, that for certain corporate action events, the borrowing rate on the short position may be reset to the current rate in the market, upon the execution of the corporate action.

If you open and close a CFD position within the same trading day, you are not subject to borrowing costs.

Overnight positions in Expiring CFDs are subject to a carrying cost. The carrying cost is calculated on the basis of the daily margin requirement and applied when a position is held overnight. The funding rate used for calculating the carrying cost is based on the relevant Interbank-rate + markup (150 bps).

Carrying Cost = Margin requirement * Holding time * (Relevant Interbank rate + Markup) / (365 or 360 days)

The Bid/Ask spread will be equal to the minimum target spread in approx. 99% of the quote updates, during the opening hours of the underlying cash market.

This gives clients an improved trading experience and a high degree of certainty with regards to trading costs associated with entering and closing CFD Index Tracker positions.

Please note that Fixed spreads are available for selected CFD indices only apply under normal market conditions up to the trade amounts listed in the table below.

Index Tracker NameSymbolTrade amount (contracts)*
US 30 Wall StreetUS30.I15
US 500US500.I100
US Tech 100 NASUSNAS100.I25
EU StocksEU50.I100
France 40FRA40.I10
Germany 30GER30.I10
Italy 40ITALY40.I10
Netherlands 25NETH25.I10
Spain 35SPAIN35.I20
Sweden 30SWE30.I100
Switzerland 20SWISS20.I10
UK 100UK100.I20
Australia 200AUS200.I10
Japan 225JPY225.I1,000
Hong KongHK50.I25

* Fixed spreads only apply under normal market conditions and up to the indicated trade amount.

When you hold an Index or Single Stock CFD position overnight your position will be subject to the following credit or debit:

Long positions incur a financing markup of +3% (classic/platinum accounts) or +2% (VIP accounts).

Short positions incur a financing markdown of -3% (classic/platinum accounts) or -2% (VIP accounts).

Find more information about our general charges here.

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CFDs risk warning

A CFD 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

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International

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