CFD pricing

Find details of our industry-leading CFD prices and low trading costs.

Execution prices

We have three pricing tiers. Pay less as you trade more.
Learn more about our account tiers

Index tracker - North AmericaClassicPlatinumVIP
US Tech 100 NAS
USNAS100.I
1 USD
0.7 USD
0.5 USD
US 30 Wall Street
US30.I
3 USD
2 USD
2 USD
US 500
US500.I
0.7 USD
0.5 USD
0.4 USD
Index tracker - North America
Classic
1 USD
Platinum
0.7 USD
VIP
0.5 USD
More details
Classic
3 USD
Platinum
2 USD
VIP
2 USD
More details
Classic
0.7 USD
Platinum
0.5 USD
VIP
0.4 USD
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Index tracker - EuropeClassicPlatinumVIP
Belgium 20
BELG20.I
13 EUR
12 EUR
12 EUR
Denmark 25
DEN25.I
2.5 DKK
1.25 DKK
0.75 DKK
EU Stocks 50
EU50.I
2 EUR
1.75 EUR
1.5 EUR
France 40
FRA40.I
2 EUR
1.5 EUR
1 EUR
Germany 40
GER40.I
1.2 EUR
1 EUR
0.9 EUR
Germany Mid-Cap 50
GER50MID.I
15 EUR
10 EUR
7 EUR
Germany Tech 30
GERTECH30.I
4.5 EUR
4 EUR
4 EUR
Italy 40
ITALY40.I
12 EUR
11 EUR
11 EUR
Netherlands 25
NETH25.I
0.25 EUR
0.2 EUR
0.18 EUR
Norway 25
NOR25.I
1 NOK
0.9 NOK
0.8 NOK
Portugal 20
PORT20.I
25 EUR
20 EUR
15 EUR
Spain 35
SPAIN35.I
8 EUR
6.5 EUR
4 EUR
Sweden 30
SWE30.I
0.65 SEK
0.55 SEK
0.45 SEK
Switzerland 20
SWISS20.I
3 CHF
2.5 CHF
1.75 CHF
UK 100
UK100.I
1 GBP
0.9 GBP
0.85 GBP
UK Mid-Cap 250
UK250MID.I
44 GBP
42 GBP
40 GBP
Index tracker - Europe
Classic
13 EUR
Platinum
12 EUR
VIP
12 EUR
More details
Classic
2.5 DKK
Platinum
1.25 DKK
VIP
0.75 DKK
More details
Classic
2 EUR
Platinum
1.75 EUR
VIP
1.5 EUR
More details
Classic
2 EUR
Platinum
1.5 EUR
VIP
1 EUR
More details
Classic
1.2 EUR
Platinum
1 EUR
VIP
0.9 EUR
More details
Classic
15 EUR
Platinum
10 EUR
VIP
7 EUR
More details
Classic
4.5 EUR
Platinum
4 EUR
VIP
4 EUR
More details
Classic
12 EUR
Platinum
11 EUR
VIP
11 EUR
More details
Classic
0.25 EUR
Platinum
0.2 EUR
VIP
0.18 EUR
More details
Classic
1 NOK
Platinum
0.9 NOK
VIP
0.8 NOK
More details
Classic
25 EUR
Platinum
20 EUR
VIP
15 EUR
More details
Classic
8 EUR
Platinum
6.5 EUR
VIP
4 EUR
More details
Classic
0.65 SEK
Platinum
0.55 SEK
VIP
0.45 SEK
More details
Classic
3 CHF
Platinum
2.5 CHF
VIP
1.75 CHF
More details
Classic
1 GBP
Platinum
0.9 GBP
VIP
0.85 GBP
More details
Classic
44 GBP
Platinum
42 GBP
VIP
40 GBP
More details

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Index tracker - Asia and AfricaClassicPlatinumVIP
Australia 200
AUS200.I
1.5 AUD
1.4 AUD
1.25 AUD
Hong Kong 50
HK50.I
12 HKD
11 HKD
10 HKD
Japan 225
JP225.I
12 JPY
10 JPY
8 JPY
South Africa 40
ZA40.I
10 ZAR
8 ZAR
7 ZAR
Index tracker - Asia and Africa
Classic
1.5 AUD
Platinum
1.4 AUD
VIP
1.25 AUD
More details
Classic
12 HKD
Platinum
11 HKD
VIP
10 HKD
More details
Classic
12 JPY
Platinum
10 JPY
VIP
8 JPY
More details
Classic
10 ZAR
Platinum
8 ZAR
VIP
7 ZAR
More details

An error occured

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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.

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 40 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.

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 11:59-12:59 and an evening break between 16:25-17:16, the trading session in Japan 225 has a break between 14:20 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.

All prices shown on this page are offered to new Saxo clients. Existing clients can access pricing information directly in the trading platform.

Actual price varies based on the country of client residence.

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 * (relevant Inter-Bank Offered 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 * (relevant Inter-Bank Bid Rate – 3.00%) * (Actual Number of Days/360 or Actual Number of Days/365)

Please note the following:
A) A floor will apply to the relevant Inter-Bank Bid/Offer Rate, i.e. if the Inter-Bank Rate is negative, then it will be excluded from the financing calculation.
B) If the calculated financing rate on a short position (Inter-Bank Bid Rate – mark-down) is negative, then the financing credit will become a financing charge.

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 Inter-Bank Offer Rate for the currency in which the underlying share is traded (e.g. - LIBOR) 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 Inter-Bank Bid Rate for the currency in which the underlying share is traded (e.g. LIBID) 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).

Please note the following:

  • A floor will apply to the relevant Inter-Bank Bid/Offer Rate, i.e. if the Inter-Bank Rate is negative it will be excluded from the financing calculation.

  • If the calculated financing rate on a short position (Inter-Bank Bid Rate – mark-down) is negative, the financing credit will become a financing charge.
MarketSymbolLong positions (mark-up)Short positions (mark-down)

North America & Canada

NASDAQNASDAQ & NSC+3.50%-3.00%
New York Stock ExchangeNYSE & ARCA+3.50%-3.00%
NYSE MKTAMEX+3.50%-3.00%
Toronto Stock ExchangeTSE+3.50%-3.00%

Europe / Middle East / Africa

Athens ExchangeAT+4.50%-4.00%
BME Spanish ExchangesSIBE+3.50%-3.00%
Budapest Stock ExchangeBUX+3.50%-3.00%
Deutsche Börse (XETRA)FSE+3.50%-3.00%
Irish Stock ExchangeISE+3.50%-3.00%
Johannesburg Stock ExchangeJSE+5.00%-3.50%
London Stock ExchangeLSE_SETS+3.50%-3.00%
London Stock Exchange (IOB)LSE_INTL+3.50%-3.00%
Milan Stock ExchangeMIL+3.50%-3.00%
NASDAQ OMX CopenhagenCSE+3.50%-3.00%
NASDAQ OMX HelsinkiHSE+3.50%-3.00%
NASDAQ OMX StockholmSSE+3.50%-3.00%
NYSE Euronext Amsterdam (AEX)AMS+3.50%-3.00%
NYSE Euronext BrusselsBRU+3.50%-3.00%
NYSE Euronext LisbonLISB+3.50%-3.00%
NYSE Euronext ParisPAR+3.50%-3.00%
Oslo Stock ExchangeOSE+3.50%-3.00%
Prague Stock ExchangePRA+3.00%-5.00%
SIX Swiss ExchangeSWX & VX+3.50%-3.00%
Vienna Stock ExchangeVIE+3.50%-3.00%
Warsaw Stock ExchangeWSE+3.50%-3.00%

Asia / Pacific

Australian Securities ExchangeASX+3.50%-3.00%
Hong Kong ExchangesHKEX+3.50%-3.00%
Singapore ExchangeSGX-ST+3.50%-3.00%
Tokyo Stock ExchangeTYO+3.50%-3.00%

'Trading Conditions' > 'CFD Stock/Index Instrument List' on the platform.

When selling a CFD, the borrowing cost for holding the position overnight is shown in the CFD Trade module in the 'Estimated borrowing cost per day' field. The borrowing rate will be fixed when the position is opened and will be charged on a monthly basis. Please be aware, that for certain corporate action events, the borrowing rate on the short position may be reset to the current rate in the market, upon the 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 relevant Interbank-rate + markup at: 3.5% (classic accounts), 1.5% (platinum accounts), or 0.5% (VIP accounts).

Carrying Cost = Margin requirement * Holding time * (Relevant Interbank 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 NameSymbolTrade amount (contracts)*
US Wall Street 30US30.I15
US 500US500.I100
US Tech 100 NASUSNAS100.I25
EU StocksEU50.I100
France 40FRA40.I10
Germany 40GER40.I10
Italy 40ITALY40.I10
Netherlands 25NETH25.I10
Spain 35SPAIN35.I20
Sweden 30SWE30.I100
Switzerland 20SWISS20.I10
UK 100UK100.I20
Australia 200AUS200.I10
Japan 225JPY225.I1,000
Hong KongHK50.I25

* Fixed spreads only apply under normal market conditions and up to the indicated trade amount.

Find more information about our general charges here.

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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

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