Trading Rates & Conditions

Pricing Overview

PRODUCTS ACTIVE TRADER STANDARD
FOREX
EURUSD from 0.2 pips 1) 1.5 pips
GBPUSD from 0.3 pips 1) 1.8 pips
USDJPY from 0.2 pips 1) 1.5 pips
STOCKS & CFDs
London Stock Exchange from 5.00 GBP 2) 0.10% (min. 8 GBP)
NASDAQ & NYSE from 6.00 USD 2) 2 cps (min. 15 USD on Stocks and min. 20 USD on CFDs)
Deutsche Börsen (XETRA) from 9.00 EUR 2) 0.12% (min. 12 EUR)
STOCK OPTIONS
GBP Contracts from 1.50 GBP 3) 2.50 GBP
USD Contracts from 2.00 USD 3) 3.00 USD
EUR Contracts from 2.00 EUR 3) 3.00 EUR
CFD INDEX TRACKER
UK 100 spread from 0.85 GBP 2) 1.00 GBP
US 500 spread from 0.40 USD 2) 0.90 USD
Germany 30 spread from 1.00 EUR 2) 1.50 EUR
FUTURES
GBP Contracts from 1.25 GBP 4) 5.00 GBP
USD Contracts from 1.50 USD 4) 6.00 USD
EUR Contracts from 1.50 EUR 4) 6.00 EUR
CONTRACT OPTIONS
GBP Contracts from 1.25 GBP 4) 5.00 GBP
USD Contracts from 1.50 USD 4) 6.00 USD
EUR Contracts from 1.50 EUR 4) 6.00 EUR
BONDS
Corporate Bonds Please contact us 0.08% (min. 80 EUR)

1) To qualify for the FX Active Trader price plans, clients will need to trade:

FX Active 60: 0 - 20m notional per month
FX Active 30: 20 – 100m notional per month
FX Active: 100m+ per month per month

Read the full Terms and Conditions and FAQ here.

2) To qualify for the Equity Active Trader price plan, clients will have to execute at least 100 trades per calendar month on Stocks, ETFs and Single Stock CFDs.

Read the full Terms and Conditions and FAQ here.

3) To qualify for the Active Trader price plans on Stock Options, clients will need to trade:

1001 – 5000 lots per month

Read the full Terms and Conditions and FAQ here.

4) To qualify for the Active Trader price plans on Futures and Contract options, clients will need to trade:

251 – 1,000 lots per month
1000 – 5000 lots per month

Navigate through the Futures and Contract Options sections on the left-hand side navigation pane to read the full Terms and Conditions.

Important: To apply for an Active Trader price plan, please contact us and speak to a member of our sales team.

Commissions, Charges and Margin Schedule​

Minimum account sizes

£6,500 for a Classic Service Level
£60,000 for a Premium Service Level​
£​300,000 for a Platinum Service Level

Interest on funds deposited with Saxo Capital Markets

Interest on your main account is calculated on the Net Free Equity.

Interest on sub-accounts is calculated on the Account Value.

Since the Net Free Equity is calculated on open trade positions on all your accounts, it is important to make sure that sufficient cash is available on your main account.
 
Otherwise, you risk being subject to a debit interest on your main account exceeding the credit interest payable on your sub-account(s).

Net Free Equity

Your Net Free Equity is:

  • The cash balance of your main trading account
  • Plus or minus any unrealised profits or losses from open CFDs, FX Forwards and Futures on your main trading account
  • Plus the market value of any FX Options on your main trading account
  • Minus any margin required for financing open positions on your main trading account and sub-accounts

Net Free Equity margin financing

Cash collateral for Net Free Equity margin financing may differ from the trading margin requirement. See the full list of cash collateral for margin financing used for Net Free Equity calculation under our General Business Terms, located here​.

To avoid paying interest on your account you are required to hold sufficient cash collateral ensuring a positive Net Free Balance.

Trading margin

The trading margin requirement (leverage) described under each trading product is the minimum amount of collateral you must maintain on your account at all times. This collateral may be in the form of cash or stocks, ETFs and Bonds after applicable haircuts.

​​

Account Value

Account Value of your sub-account is:

  • The cash balance of the account
  • Plus or minus the value of any unrealised profits or losses from open CFDs, FX Forwards and Futures on the account
  • Plus the market value of any FX Options on the account

Account Interest

For information on Saxo Capital Markets' interest rates policy, please click here​. 


Fees​

Currency conversion fee

​Equity Active Trader currency conversion fee

Currency conversions of trading costs for Equity Active Trader are done using the mid-spread FX Spot rate when you close the position, plus/minus 0.2%. For FX Options the rate is plus/minus 0.1% whilst ​for all other asset classes the rate is plus/minus 0.5%.​

The Currency Conversion fee does not apply to margin collateral. Only settlement of actual payments to or from the trading account are included, for example,​ buying/selling cash Stocks, paying/receiving options premium etc.

The rate use​d for currency conversion of amounts booked to your account is shown in the trading platforms under the “Trades Executed” report.


Standard currency conversion fee

Currency conversions of trading costs as well ​as profits and losses from trading activities are done using the mid-spread FX Spot rate when you close the position, plus/minus 0.5%. For FX Options the rate is plus/minus 0.1%. 

The Currency Conversion fee does not apply to margin collateral. Only settlement of actual payments to or from the trading account are included, for example, buying/selling cash Stocks, paying/receiving options premium etc.

The rate used for currency conversion of amou​nts booked to your account is shown in the trading platforms under the “Trades Executed” report.

Custody fees

Equity Active Trader custody for stocks, ETFs/ETCs and bonds

A fee of 0.06% p.a. is charged on accounts with open Stock, Bond and ETF/ETC positions, with no minimum monthly fee. Fees are calculated daily, but debited on a monthly basis.

Standard custody fees for stocks, ETFs/ETCs and bonds

A fee of 0.12% p.a. is charged on accounts with open Stock, Bond and ETF/ETC positions, with a minimum monthly fee of EUR 5 (or account currency equivalent). Fees are calculated daily, but debited on a monthly basis.
For more information about the custody fee, read these FAQs​.


Inactivity fee​

We charge a fee of £25 (or currency equivalent based on base currency) per quarter if you have not traded in the previous quarter. These fees will be applied during the first week of the following quarter month, as long as your account remains inactive and continues to hold funds.​ ​For more details, please refer to our Commissions, Charges and Margin Schedule document here​. 

Transfer out fee

Transfers of Stock from a Saxo Capital Markets trading account to an alternative account in the same name will be subject to a stock transfer out fee, which will be charged as follow:

  • Danish Stocks: 25 EUR per ISIN (max. 100 EUR)
  • Other Stocks: 50 EUR per ISIN (max. 160 EUR)

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.

 
Saxo Capital Markets UK Limited is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 551422. Registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA. Company number 7413871.

This website, including the information and materials contained in it, are not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in the United States, Belgium or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.