CFD Spreads And Commissions

Index-tracking CFD contract details (continuous)

Index TrackerSpread(1) StandardSpread(1) Active(5)Value of one contract(2)Trading Hours(3)

North America

US Tech 100 NAS1.00.5USD 118:01 - 16:00
US 30 Wall Street3.02.0USD 118:01 - 16:00
US 5000.90.4USD 118:01 - 16:00


Europe / Middle East / Africa

Belgium 201312EUR 109:10 - 17:25
Denmark 202.50.75DKK 109:10 - 16:55
EU Stocks 502.01.75EUR 101:16 - 22:00
France 402.01.0EUR 108:01 - 22:00
Germany 301.51.0EUR 101:16 - 22:00
Germany Mid-Cap 50157.0EUR 109:10 - 17:25
Germany Tech 304.54.0EUR 109:10 - 17:25
Italy 4012 *11 *EUR 109:01 - 20:30
Netherlands 250.250.18EUR 108:01 - 22:00
Norway 251.00.8NOK 109:10 - 16:20
Portugal 202515EUR 108:10 - 16:25
South Africa 40107.0ZAR 108:31 - 17:30
Spain 358.04.8EUR 108:01 - 20:00
Sweden 300.650.45SEK 109:01 - 17:25
Switzerland 203.01.75CHF 108:01 - 22:00
UK 1001.00.85GBP 101:01 - 21.00
UK Mid 2504440GBP 108:10 - 16.25

Asia / Pacific

Australia 2001.51.4AUD 109:51 - 07:00 (3)
Hong Kong1210HKD 109:16 - 01:00 (3)
Japan 225128.0JPY 107:31 - 04:45 (3)


Index-tracking CFD contract details (expiring)

Index Tracker NameSpread Mark up(4) StandardSpread Mark up(4) Active(5)Value of one contract(2)Trading Hours(3)
US20000.50.40USD 120:01 - 16:00
China 501211USD 109:01 - 01:55
India 504.03.0USD 109:01 - 01:55
Singapore0.300.20SGD 108:31 - 01:55
Taiwan0.400.30USD 108:46 - 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) PointValue of one contract: this is the currency risk you incur with one Stock Index CFD contract. The increment of risk is also one currency unit (i.e. you can increase your position by increments of one index). There is no minimum commission for Stock Index CFD traders.

(3) 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 12:00-13:01 and an evening break between 16:30-17:16, the trading session in Japan 225 has a break between 14:30 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.

(4) Expiring CFD Index Trackers trade on the spread of the underlying Future plus a small mark up.

(5) For Active pricing see section in the bottom of this page

Exchange nameSymbolCommission StandardCommission Active*

North America & Canada

NASDAQNASDAQ & NSC0.02 USD/share
(min 20 USD)		from 6 USD (1)
New York Stock ExchangeNYSE & ARCA0.02 USD/share
(min 20 USD)		from 6 USD (1)
NYSE MKTAMEX0.02 USD/share
(min 20 USD)		from 6 USD (1)
Toronto Stock ExchangeTSE0.03 CAD/share
(Min 25 CAD)		0.0225 CAD /share
(min 15 CAD)


Europe / Middle East / Africa

Athens ExchangeAT0.30%
(min 12 EUR)		0.1175% (+0.1325%)
(min 10 EUR)
BME Spanish ExchangesSIBE0.10%
(min 12 EUR)		from 9 EUR (2)
Budapest Stock ExchangeBUX0.50%
(min 6,000 HUF)		0.30%
(min 5,000 HUF)
Deutsche Börse (XETRA)FSE0.10%
(min 12 EUR)		from 9 EUR (3)
Irish Stock ExchangeISE0.10%
(min 12 EUR)		0.06%
(min 9 EUR)
Johannesburg Stock ExchangeJSE0.25%
(min 100 ZAR)		0.15%
(min 80 ZAR)
London Stock ExchangeLSE_SETS0.10%
(min 8 GBP)		from 8 GBP (4)
London Stock Exchange (IOB)LSE_INTL0.10%
(min 20 USD)		0.05%
(min 10 USD)
Milan Stock ExchangeMIL0.19%
(min 15 EUR)		from 9 EUR
(+0.07%) (3)
NASDAQ OMX CopenhagenCSE0.10%
(min 65 DKK)		0.05%
(min 50 DKK)
NASDAQ OMX HelsinkiHSE0.10%
(min 10 EUR)		0.05%
(min 7 EUR)
NASDAQ OMX StockholmSSE0.10%
(min 65 SEK)		0.05%
(min 55 SEK)
NYSE Euronext Amsterdam (AEX)AMS0.09%
(min 5 EUR)		from 12 EUR (2)
NYSE Euronext BrusselsBRU0.10%
(min 12 EUR)		0.05%
(min 8 EUR)
NYSE Euronext LisbonLISB0.10%
(min 12 EUR)		0.05%
(min 8 EUR)
NYSE Euronext ParisPAR0.10%
(min 12 EUR)		from 9 EUR (2)
Oslo Stock ExchangeOSE0.10%
(min 65 NOK)		0.07%
(min 55 NOK)
Prague Stock ExchangePRA0.25%
(min 500 CZK)		0.22%
(min 400 CZK)
SIX Swiss ExchangeSWX & VX0.10%
(min 18 CHF)		from 11 CHF (5)
Vienna Stock ExchangeVIE0.10%
(min 12 EUR)		0.09%
(min 12 EUR)
Warsaw Stock ExchangeWSE0.25%
(min 65 PLN)		0.22%
(min 60 PLN)


Asia / Pacific

Australian Securities ExchangeASX0.10%
(min 8 AUD)		0.05%
(min 6 AUD)
Hong Kong ExchangesHKEX0.25%
(min 90 HKD)		0.102% (+0.108%)
(min 80 HKD)
Singapore ExchangeSGX-ST0.20%
(min 17 SGD)		0.14% (+0.04%)
(min 15 SGD)
Tokyo Stock ExchangeTYO0.15%
(min 1,000 JPY)		0.08%
(min 600 JPY)

* For active pricing see section in the bottom of this page

(1) NASDAQ, NYSE & NYSE ARCA: The flat fee apply up to a trade size of 1,000 shares, above the threshold the commission is 0.007 USD/share
(2) BME, NYSE Euronext Amsterdam**) and Paris: The flat fee apply up to a trade size of EUR 20,000, above the threshold the commission is 0.05%
(3) Deutsche Börse (XETRA) and Milan Stock Exchange: The flat fee apply up to a trade size of EUR 30,000, above the threshold the commission is 0.05%
(4) London Stock Exchange: The flat fee apply up to a trade size of GBP 30,000, above the threshold the commission is 0.05%.
(5) SIX Swiss Exchange: The flat fee apply up to a trade size of CHF 30,000, above the threshold the commission is 0.05%

Commodity CFDs are over-the-counter products with a price established by Saxo Bank as the Futures market spread plus a fixed mark-up. The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

Contract Details:


Instrument NameSymbolSpread Minimum StandardSpread Minimum Active (1)Min. trade sizeTrading hours (2)Expiry date

METALS

GoldGOLD0.600.50118:01-17:00FND -2
SilverSILVER3.52.52518:01-17:00FND -2
PlatinumPLATINUM1.701.10118:02-17:00FND -2
PalladiumPALLADIUM1.751.05118:01-17:00FND -2
US CopperCOPPERUS0.550.4550018:01-17:00FND -2


ENERGY

US CrudeOILUS0.050.032518:01-17:00LTD -2
UK CrudeOILUK0.050.032501:01-22:55 (3)LTD
Heating OilHEATINGOIL0.350.2550018:01-17:00LTD -2
Gasoline USGASOLINEUS0.250.1750018:01 – 17:00LTD -2
Gas OilGASOILUK1.250.75101:01 – 21:55LTD -2
US Natural GasNATGASUS0.0170.01120018:01 – 17:00LTD -2
CO2 EmissionsEMISSIONS0.070.052507:01 – 17:00LTD -2


AGRICULTURE

CornCORN1.250.7520019:01 – 13:20FND -2
WheatWHEAT2.251.7520019:01 – 13:20FND -2
SoybeansSOYBEANS1.751.2520019:01 – 13:20FND -2


SOFTS

NY Sugar No. 11SUGARNY0.050.035,00003:31 – 13:00LTD -2
NY CoffeeCOFFEENY0.450.351,00004:16 – 13:30FND -2
NY CocoaCOCOANY9.05.0104:46 – 13:30FND -2


MEATS

Live CattleLIVECATTLE0.1750.1252,00008:31 – 13:05LTD -2
FND= First Notice
LTD= Last trading

(1) For active pricing see section in the bottom of the page
(2) Trading hours are stated in the local hours of the underlying exchange
(3) Trading hours Fridays are 01:01 to 22:00

Forex CFDs are over-the-counter products with a price established by Saxo Bank as the Futures market spread plus a fixed mark-up.
The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

Contract details

Instrument NameSymbolSpread Mark up
Standard		Spread Mark up
Active(1)		Min. trade sizeTrading hours(2)ExpiryExpiry Time
Euro / US DollarEURUSDEC0.00020.000185,00017:00-16:00FND -310:00 CST
Euro / Japanese YenEURJPYRY0.030.025,00017:00-16:00FND -310:00 CST
Euro / Swiss FrancEURCHFRF0.00020.00025,00017:00-16:00FND -310:00 CST
Euro / British PoundEURGBPRP0.000250.00025,00017:00-16:00FND -310:00 CST
British Pound / US DollarGBPUSDBP0.00030.000255,00017:00-6:00FND -310:00 CST
Australian Dollar / US DollarAUDUSDAD0.00030.00025,00017:00-16:00FND -310:00 CST
USD IndexUSDINDEX0.0100.00810020:00-17:00LTD -211:00 EST
FND= First Notice; LTD = Last trading

(1) For active pricing see section in the bottom of this page
(2) Trading hours are stated in the local hours of the underlying exchange

Bond CFDs are over-the-counter products with a price established by Saxo Bank as the Futures market spread plus a fixed mark-up. 

The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

Contract details


Instrument NameSymbolSpread Minimum StandardSpread Minimum ActiveMin. trade sizeTrading hours
German Government
10 year Bund		BUND0.030.0250 CFDs01:16-22:00
German Government
5 year Bobl		BOBL0.030.0250 CFDs01:16-22:00
German Government
2 year Schatz		SCHATZ0.0150.0150 CFDs01:16-22:00
Italian Government
10 year BTP		10YBTP0.050.0350 CFDs08:01-18:55
French Government
10 year OAT		10YOAT0.050.0350 CFDs08:01-18:55

Option CFD pricing

Option RootDescriptionContract SizeDaily Holding FeeCurrency
AEXAEX Index1 Index1.10EUR
DJXDow Jones Industrial Average Index1/100 Index1.10USD
ESXFTSE 100 Index1 Index1.10GBP
HSIHang Seng Index1 Index1.10HKD
MIBOFTSE MIB Index1 Index1.10EUR
NDXNasdaq 100 Index1 Index1.10USD
NKYNikkei 225 (Osaka)1 Index1.10JPY
OBXOBX Index1 Index1.10NOK
ODAXDAX Index1 Index1.10EUR
OESXEuro Stoxx 50 Index1 Index1.10EUR
OMXSWE30OMX Stockholm 30 Index1 Index1.10SEK
OSMISMI Index1 Index1.10CHF
PXACAC 40 Index1 Index1.10EUR
SPXS&P 500 Index1 Index1.10USD
XJOS&P ASX200 Index1 Index1.10AUD

Holding fees on long option positions (all maturities) will be applied when positions are held overnight. The daily holding fee is 1.10 per million (notional value) in the contract’s trading currency. Holding fee per day = nominal value / 1,000,000 * 1.10.

If you are an Active Trader within equity and equity-related products, Saxo offers you some of the lowest rates in the market.
In order to qualify for Equity Active Trader rates you need to place at least 100 trades per calendar month, within any of the following instruments:

  • Stocks
  • ETFs/ETC
  • Single Stock CFDs

Please note the following:

  • The Active pricing may vary from the prices shown above depending on your country of residence.
  • If the required monthly activity is not fulfilled, standard rates will apply the following month.
  • You can familiarise yourself with the relevant terms of our Active Equity pricing in the FAQ section.

Updated 23 June 2016

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Предупреждение о риске при работе с CFD

CFD-контракты относятся к красной категории продуктов, так как считаются сложными инвестиционными инструментами, торговля которыми сопряжена с высокой степенью риска.

Законодательство обязывает датские банки классифицировать инвестиционные продукты, предлагаемые частным клиентам, в зависимости от сложности и сопряженных с ними рисков; таким образом, существуют три категории продуктов: зеленая, желтая и красная. Нажмите здесь, чтобы узнать больше