We significantly reduced our prices on single stock leveraged products up to 92% and lowered custody fees up to 40%.
CFD pricing
Execution prices
Option Root | Description | Contract Size | Currency |
---|---|---|---|
AEX | AEX Index | 1 Index | EUR |
DJX | Dow Jones Industrial Average Index | 1/100 Index | USD |
ESX | FTSE 100 Index | 1 Index | GBP |
HSI | Hang Seng Index | 1 Index | HKD |
MIBO | FTSE MIB Index | 1 Index | EUR |
NDX | Nasdaq 100 Index | 1 Index | USD |
NKY | Nikkei 225 (Osaka) | 1 Index | JPY |
OBX | OBX Index | 1 Index | NOK |
ODAX | DAX Index | 1 Index | EUR |
OESX | Euro Stoxx 50 Index | 1 Index | EUR |
OMXSWE30 | OMX Stockholm 30 Index | 1 Index | SEK |
OSMI | SMI Index | 1 Index | CHF |
PXA | CAC 40 Index | 1 Index | EUR |
SPX | S&P 500 Index | 1 Index | USD |
XJO | S&P ASX200 Index | 1 Index | AUD |
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 * (Saxo Offer financing rate + 2.50%) * (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 * (Saxo Bid financing rate – 3.00%) * (Actual Number of Days/360 or Actual Number of Days/365)
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 Saxo Offer financing rate for the currency in which the underlying share is traded 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 Saxo Bid financing rate for the currency in which the underlying share is traded 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).
Market | Symbol | Long positions (mark-up) | Short positions (mark-down) |
---|
North America & Canada
NASDAQ | NASDAQ & NSC | +3.50% | -3.00% | |
New York Stock Exchange | NYSE & ARCA | +3.50% | -3.00% | |
NYSE MKT | AMEX | +3.50% | -3.00% | |
Toronto Stock Exchange | TSE | +3.50% | -3.00% |
Europe / Middle East / Africa
Athens Exchange | AT | +4.50% | -4.00% | |
BME Spanish Exchanges | SIBE | +3.50% | -3.00% | |
Budapest Stock Exchange | BUX | +3.50% | -3.00% | |
Deutsche Börse (XETRA) | FSE | +3.50% | -3.00% | |
Irish Stock Exchange | ISE | +3.50% | -3.00% | |
Johannesburg Stock Exchange | JSE | +5.00% | -3.50% | |
London Stock Exchange | LSE_SETS | +3.50% | -3.00% | |
London Stock Exchange (IOB) | LSE_INTL | +3.50% | -3.00% | |
Milan Stock Exchange | MIL | +3.50% | -3.00% | |
NASDAQ OMX Copenhagen | CSE | +3.50% | -3.00% | |
NASDAQ OMX Helsinki | HSE | +3.50% | -3.00% | |
NASDAQ OMX Stockholm | SSE | +3.50% | -3.00% | |
NYSE Euronext Amsterdam (AEX) | AMS | +3.50% | -3.00% | |
NYSE Euronext Brussels | BRU | +3.50% | -3.00% | |
NYSE Euronext Lisbon | LISB | +3.50% | -3.00% | |
NYSE Euronext Paris | PAR | +3.50% | -3.00% | |
Oslo Stock Exchange | OSE | +3.50% | -3.00% | |
Prague Stock Exchange | PRA | +3.00% | -5.00% | |
SIX Swiss Exchange | SWX & VX | +3.50% | -3.00% | |
Vienna Stock Exchange | VIE | +3.50% | -3.00% | |
Warsaw Stock Exchange | WSE | +3.50% | -3.00% |
Asia / Pacific
Australian Securities Exchange | ASX | +3.50% | -3.00% | |
Hong Kong Exchanges | HKEX | +3.50% | -3.00% | |
Singapore Exchange | SGX-ST | +3.50% | -3.00% | |
Tokyo Stock Exchange | TYO | +3.50% | -3.00% |
The borrowing rate will be fixed when the position is opened, at a minimum of 0.50%, and will be charged on a monthly basis. Please note that for certain corporate action events the borrowing rate on the short position may be reset to the current rate in the market upon 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 Saxo Offer Financing Rate + markup at: 3.5% (classic accounts), 1.5% (platinum accounts), or 0.5% (VIP accounts).
Carrying Cost = Margin requirement * Holding time * (Saxo Offer Financing 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 Name | Symbol | Trade amount (contracts)* | |
---|---|---|---|
US Wall Street 30 | US30.I | 15 | |
US 500 | US500.I | 100 | |
US Tech 100 NAS | USNAS100.I | 25 | |
EU Stocks | EU50.I | 100 | |
France 40 | FRA40.I | 10 | |
Germany 40 | GER40.I | 10 | |
Italy 40 | ITALY40.I | 10 | |
Netherlands 25 | NETH25.I | 10 | |
Spain 35 | SPAIN35.I | 20 | |
Sweden 30 | SWE30.I | 100 | |
Switzerland 20 | SWISS20.I | 10 | |
UK 100 | UK100.I | 20 | |
Australia 200 | AUS200.I | 10 | |
Japan 225 | JPY225.I | 1,000 | |
Hong Kong | HK50.I | 25 |
Find more information about our general charges here.
See all our prices
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