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Trade FX options on an award-winning platform

Access 45+ FX vanilla options with maturities from one day to 12 months.

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This is what you should know about FX options

Forex, or FX, involves trading one currency, such as the US dollar or Euro, for another at an agreed exchange rate. The forex market is the world’s largest market with round-the-clock trading and is highly speculative.

Forex products are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading forex with this provider. You should consider whether you understand how forex trading works and whether you can afford to take the high risk of losing your money.

Read more about FX options trading risks.

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Why trade FX options with Saxo Bank

  • Ultra-competitive pricing
    Trade EUR USD from 3 pips and USD JPY from 5 pips.
    Learn more
  • Access 45+ FX options
    Trade FX options across major pairs with maturities from one day to 12 months.
    Learn more
  • Advanced FX Option tools
    Take advantage of extensive option chain tools, option analytics and innovative risk-management tools.
    Learn more
  • Expert service, trusted for 30 years
    With 1,200,000+ satisfied customers, Saxo Bank offers world-class service around the clock.
    Learn more

    Tight, all-inclusive FX option spreads

    We offer three levels of pricing depending on your account tier.

    Swipe left or right for more
    InstrumentClassicPlatinumVIP
    EUR USD5.04.03.0
    USD JPY6.05.04.0
    GBP USD8.07.05.0
    AUD USD5.04.03.0
    EUR JPY9.08.06.0
    EUR CHF8.07.06.0
    XAU USD180.0160.0140.0
    XAG USD9.58.86.5

    Please note that spreads shown are ATM 1 month minimum spreads under normal market conditions. Spreads will vary depending on the life and the strike of the option. For current ATM 1 month spreads please see the link below.

    Above spreads for currency pairs are displayed in pips whereas spreads for precious metals are shown in cents.

    The prices above are indicative and will vary according to the country of residency. A full overview of exact pricing is available through the platform trade tickets.

    Receive lower prices as you trade more with our Platinum and VIP account tiers. Learn more 

    See all FXO spreads

    Trade with flexibility

    • Wide range of maturities
      With maturities from one day to 12 months, traders can choose the expiration and strike price that best suits their strategy and market view.
    • Better risk-management
      In addition to traditional stop-loss orders, FX options offer more alternatives to controlling risk. They can be used to hedge current FX positions, or express a view on future volatility.
    • Client-centric approach
      We fully disclose our dealing practices and our commitment to transparency shows that our interests are fully aligned with yours.

      Start trading with Saxo today

      Open a Saxo account in just a few steps and gain access to all asset classes

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      Trade FX options with advanced tools

      SaxoTraderGO is our powerful yet easy-to-use platform. Trade from your PC, Mac, tablet or smartphone.

      Robust option chain functionality

      Benefit from extensive charting with 50+ technical indicators, integrated Trade Signals and innovative risk management tools.

      High-quality analytics

      Our professional-grade suite of real-time reports provide detailed analysis of FX spot and options positions, across multiple pairs.

      Learn more Try free demo

      More information

      Review information on margin requirements.

      Saxo offers a range of 45+ FX Vanilla Options.

      You can find additional information in our factsheet for FX Vanilla Options.

      Find more information about our general charges and fees here.

      Review our trading conditions for Forex options.

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      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.

      Learn more about support
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      Trust

      Trusted for more than 30 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 115+ bn USD 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.

      Learn about Saxo

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      All trading and investing comes with risk, including but not limited to the potential to lose your entire invested amount.

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