Forex Margins

Leverage Available Margin Requirements

FX is a leveraged product, meaning that it provides a trader with the ability to control large amounts of capital using very little money; the higher the leverage, the higher the level of risk. At Saxo Bank leverage can be as high as 100:1.

With leverage of 100:1 it is possible to open a position worth EUR 100,000 by using as little as EUR 1,000 of margin up front, and borrowing the remaining amount (EUR 99,000). Please note that the use of leverage requires extra caution, because whilst you can realise large gains if the price moves in your favour, you also runs the risk of damaging losses if the exchange rate moves against you. If in the above example the price moves just 1% against you, the notional value of the position will have decreased from EUR 100,000 to EUR 99,000, a loss of EUR 1,000. This equates to all of the capital invested up front in order to open the position, and represents a 100% loss.

Margin requirements differ by currency pair and may be subject to change according to the underlying liquidity and volatility of the currency pair. For this reason the most liquid currency pairs (the majors) in most cases require a lower margin requirement.

Saxo Bank offer tiered margin methodology as a mechanism to manage political and economic events that may lead to the market becoming volatile and changing rapidly.

For further explanation of the above methodology please click here.

A complete list of margin requirements by currency pair can be viewed under Margin & Trading Requirements as well as in the SaxoTrader platforms, under Trading Conditions.

Margin requirements may be changed without prior notice. Saxo Bank reserves the right to increase margin requirements for large position sizes, including client portfolios considered to be of high risk.

Margin Calls

If at any time whilst an FX position is open, the margin required to maintain that position exceeds the funds available on account, you are at risk of a stop-out. You will be notified when a margin call occurs, and are required to reduce the size of open positions and/or deposit more funds (margin collateral) into the account. In the event that no action is taken Saxo may close some or all of the open positions in order to reduce exposure to an acceptable level.

Risk Warning

Margin Trading carries a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors.
Ensure you fully understand the risks involved and seek independent advice if necessary.

See our Risk Warning.

Upozornenie na riziká Forexu

Forex je kategorizovaný ako červený produkt, pretože sa považuje za investičný produkt s vysokou komplexnosťou a vysokým rizikom.

Od dánskych bánk sa vyžaduje, aby kategorizovali investičné produkty ponúkané retailovým klientom v závislosti od rizika a komplexnosti produktu, a to na zelené, žlté alebo červené.

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