Spreads & Commissions

FX Volume Price Plan

tiered pricing model

  • Designed for higher volume trading
  • Spreads as low as 0.2 pips plus commissions
  • Same spreads available on all price plans
  • Your commission rate applies to ALL pairs, including metals
  • Choose the Price Plan that suits you
FX 60 USD 60 per million traded
with Zero minimum monthly
FX 30

USD 30 per million traded
with USD 600 minimum monthly

FX 20 USD 20 per million traded
with USD 2,000 minimum monthly

Same depth of liquidity and execution quality applies to all price plans

See all live and historic FX Volume-based spreads

FX All-Inclusive Price Plan

  • Designed for pricing simplicity
  • No additional volume-based commission on trades
  • More consistency in spread width
  • Less variability in spread across notional trade sizes
  • No minimum monthly commission fee

Same depth of liquidity and execution quality applies to all price plans

See all live and historic FX all-inclusive spreads


Please ensure that you familiarise yourself with the relevant terms of our commission based pricing on our website and FAQ

FX Spot Trading

Bid/Ask spreads on majors

The price on a particular currency pair that you see on your trading platform is the price and liquidity that is available to you - "what you see is what you get" concept.
Spreads depend on the currency pair and the desired trade amount.

See choice of FX Spot Prices.

Under abnormal market conditions such as just before and just after releases of key economic figures, during periods of volatile market conditions or at illiquid times, e.g. market opening, early Asian time zone, late New York time zone, during value date change, spreads may be wider.

Trading on Bands

Different spreads are provided for different bands. The spread is tightest in the smallest band. For trade amounts above the largest bands prices, will be quoted manually on a request for quote basis (RFQ). Tailored liquidity removes the delay and the need for manual intervention in the major and most commonly traded currency pairs.

See a full overview of the spreads on all FX crosses on the links to the live and historic spreads in the first section on volume price plan and the section on all-inclusive price plan.

Each time you trade, a reload period begins. After twenty (20) seconds with no new trading activity in the given currency pair, the reload period elapses, full liquidity and normal spreads are available again. If you continue to make consecutive trades in the same currency pair within the reload period, the spreads may widen beyond the fixed spread as your available liquidity is reduced.

Minimum trade size

Below the threshold amount a minimum ticket fee of $10 is charged on the trade to cover administration costs. For most currency pairs the threshold amount is 5,000 units of the base currency, however variations occur. Precious metals can be traded as low as 1 ounce.

Trades cannot be executed below the Minimum Trade Sizes (except for closing an open position below the minimum trade size).

Full details can be found here

Updated 6 June, 2016

Trade responsibly

Losses can exceed deposits on margin products. Please ensure you understand the risks.

This website can be accessed worldwide however the information on the website is related to Saxo Bank A/S and is not specific to any entity of Saxo Bank Group. All clients will directly engage with Saxo Bank A/S and all client agreements will be entered into with Saxo Bank A/S and thus governed by Danish Law.

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