IB IB
28 November 2016

Adjustment of Net Free Equity (NFE) margins for CFDs

​​In September 2016, Saxo introduced a new simplified equity rating model, which rates equities from 1 (low risk) to 5 (high risk) and sets the margin requir...

​​In September 2016, Saxo introduced a new simplified equity rating model, which rates equities from 1 (low risk) to 5 (high risk) and sets the margin required for trading CFDs.

Now, the Net Free Equity (NFE) margin required for the calculation of interest is also being updated to follow the same principles. At the same time, a simplification across all Expiring CFDs (Commodity CFDs, Forex CFDs, Bond CFDs and Expiring Index CFDs) is being introduced.

The following NFE margin rates will apply for Single Stock CFDs and Expiring CFDs as of 1 February, 2017:

CFD SINGLE STOCKS/ETFs/ETCs
ProductRatingNFE margin
CFD110%
CFD215%
CFD320%
CFD430%
CFD540%
 
EXPIRING CFDs
ProductRatingNFE margin
CFD11.0%
CFD21.5%
CFD32.0%
CFD43.0%
CFD54.0%
CFD65.0%
CFD77.0%
CFD88.0%
CFD910.0%
CFD1012.0%

 

Please note that the new NFE margins for Single Stocks are lower than the Trading Margin, while those for Expiring CFDs are, in general, significantly reduced from the current margin levels.

You can find the current and coming margin levels for Net Free Equity on the Saxo Capital Markets Legal Documentation page under the ‘Standard Product Commissions, Charges and Margin Schedule’ documents.

The ratings for individual instruments can be found in the trading platforms:

  • SaxoTrader
    Account > Trading Conditions > Instrument Lists
  • SaxoTraderGO
    Account > Trading Conditions > Search for Instrument

This was ​communicated to direct retail and IB end clients on Wednesday 30th November.


The value of your investments can go down as well as up.
Losses can exceed deposits on margin products. Please ensure you understand the risks.