Prices - Active 

Equity Active Trader

If you are an Active Trader within equity and equity-related products, Saxo Capital Markets offer 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/ETCs
• Single Stock CFDs

To see the complete pricing catalogue and Terms and Conditions for Equity Active Trader, please click below.​

Equity Active Pricing Catalogue and​ T&Cs​

Note: If the required monthly activity is not fulfilled, standard rates w​ill apply the following month.

Questions?

Please ensure that you familiarise yourself with the relevant terms of our Active Equity pricing on our website and FAQsIf you have any further questions, you can also "Request a call back" below and one of our team will be in touch with you shortly.  

Request a call back  
FAQ  

Commodity CFD Prices - Standard​

Pricing

Commodity CFDs are over-the-counter products with a price established by Saxo Capital Markets 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 NameSymbol​Spread Minimum​Min. trade size​Margin​Trading hours​Expiry date​
METALS​ ​ ​ ​ ​ ​
Gold​GOLD​0.60​1​4%​18:01-17:00 EST​FND -2​
Silver​SILVER​3.5​25​8%​18:01-17:00 ESTFND -2​
Platinum​PLATINUM​1.7​1​8%​18:01-17:00 ESTFND -2​
Palladium​PALLADIUM​1.75​1​8%​18:02-17:00 ESTFND -2​
US Copper​COPPERUS​0.55​500​4%​18:01-17:00 EST​FND -2​
ENERGY​ ​ ​ ​ ​ ​
US Crude​OILUS​0.05​25​5%18:01-17:00 ESTLTD -2​
UK Crude​OILUK​0.05​25​4%01:01 to 22:55 GMT (1)​​LTD -2​
Heating Oil​HEATINGOIL​0.35​500​4%​18:01-17:00 EST​LTD -2​
Gasoline US​GASOLINEUS​0.25​500​8%​18:01-17:00 EST​LTD -2​
Gas Oil

GASOILUK

 ​

1.251​8%01:01 to 21:55​ GMTLTD -2​
US Natural Gas​NATGAS​0.017​200​8%​18:01-17:00 EST​LTD -2​
CO2 Emissions​EMISSIONS​0.07​25​10%​07:01-17:00 GMT​LTD -2​
AGRICULTURE​ ​ ​ ​ ​ ​
Corn​CORN​1.25​200​5%​19:01 – 13:20 CSTFND -2
Wheat​WHEAT​2.25​200​5%​19:01 – 13:20 CSTFND -2​
Soybeans​SOYBEANS​1.75​200​5%​19:01 – 13:20 CSTFND -2
SOFTS​ ​ ​ ​ ​ ​
NY Sugar No. 11​SUGARNY​0.05​5,000​5%​04:31-13:00 ESTLTD -2​
NY Coffee​COFFEE​0.45​1,000​5%​05:16-13:30 EST​FND -2​
NY Cocoa​COCOA​9​1​4%​05:46-13:30 ESTFND -2​
MEATS​ ​ ​ ​ ​ ​
Live Cattle​LIVECATTLE​0.175​2,000​2%​08:31-13:05 CSTLTD -2​
FND= First Notice
LTD= Last trading
​​

(1) Trading hours Fridays are 01:01 to 22:00.

No Commissions

When trading Commodity CFDs with Saxo Capital Markets, a commission is not charged, but there is a bid/ask spread included in the price Saxo Capital Markets derives for each CFD.

This derivation means that whilst the CFD prices track the underlying Futures contract they are not exactly the same.

No overnight financing

Trading Commodity CFDs will not incur any overnight financing charges. All costs are factored within the trading spread.

Single Stock CFD - Standard​

Single Stock CFD Commissi​ons​

Exchange name​SymbolCommission​​Min.
Commission
​CFD Financing
(Long/Short)​
North America & Canada
US NASDAQ​NASDAQ & NSC​​0.02 USD/share​20 USD​​3.0pp/-2.5pp​
US New York Stock Exchange​NYSE & ARCA​​​0.02 USD/share​​​​20 USD3.0pp/-2.5pp
US NYSE MKT​​​AMEX​​0.02 USD/share​20 USD​​​3.0pp/-2.5pp​​
Canada Toronto Stock Exchange​​TSE​​​​0.03 CAD/share​​​​​25 CAD​3.0pp/-2.5pp
Europe / Middle East / Africa
Greece Athens Exchange​​AT​​0.30%​12 EUR4.5pp/-4.0pp
Spain ​BME Spanish Exchanges​​SIBE​​0.10%​​​​​​12​ EUR​3.0pp/-2.5pp
Hungary ​Budapest Stock Exchange​​BUX​​​0.50%6,000​ HUF3.0pp/-2.5pp​
Germany ​Deutsche Börse (XETRA)​​​​FSE​​​​0.10%​​​​​​​​12​ EUR​3.0pp/-2.5pp
Ireland ​​Irish Stock Exchange​​​​ISE​​​​​​​​​​​​0.10%​​​​12 EUR​3.0pp/-2.5pp​
Turkey ​Istanbul Stock Exchange​​​​IST​​​​0.20%​​​​​​​​50 TRY​​4.0pp/-5.0pp
UK ​​​London Stock Exchange​​​​​LSE_SETS​​​​​​​​​​​​​​​0.10%​​​​​​8​ GBP​​​3.0pp/-2.5pp
UK ​​London Stock Exchange (IOB)​​​​​LSE_INTL​​​​​​0.10%​​​​​​​​​​20 USD​​​​3.0pp/-2.5pp
Italy ​​​​Milan Stock Exchange​​​​​​MIL​​​​​​​​​​​​​​​​​​0.19%​​​​​​​​15​ EUR​​​​​​​3.0pp/-2.5pp
Denmark ​​NASDAQ OMX Copenhagen​​​​​​CSE​​​​​​​​​0.10%​​​​​​​​​​​​65 DKK​​​​​​​3.0pp/-2.5pp
Finland ​​​​​NASDAQ OMX Helsinki​​​​​​​HSE​​​​​​​​​​​​​​​​​​​​​0.10%​​​​​​​​​​10​ EUR​​​​​​​​3.0pp/-2.5pp
Sweden ​NASDAQ OMX Stockholm​​​​​​​SSE​​​​​​​​​0.10%​​​​​​​​​​​​65​ SEK​​​​​​​​​3.0pp/-2.5pp
Netherlands ​​​​​​NYSE Euronext Amsterdam​​​​​​​​AMS​​​​​​​​​​​​​​​​​​​​​​​​0.10%​​12​ EUR​​​​​​​​3.0pp/-2.5pp
Belgium ​​NYSE Euronext Brussels​​​​​​​​​BRU​​​​​​​​​​​​​0.10%​​​​​​​​​​​​​​12​ EUR​​​​​​​​​​​3.0pp/-2.5pp
Portugal ​​​​​​​NYSE Euronext Lisbon​​​​​​​​​LISB​​​​​​​​​​​​​​​​​​​​​​​​​​​​​0.10%​​12​ EUR​​​​​​​​​3.0pp/-2.5pp
France ​​​NYSE Euronext Paris​​​​​​​​​​​PAR​​​​​​​​​​​​​​​​​​0.10%​​​​​​​​​​​​​​​​​​​12​ EUR​​​​​​​​​​​​​​​3.0pp/-2.5pp
Norway ​​​​​​​​Oslo Stock Exchange​​​​​​​​​​OSE​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​0.10%​​65​ NOK​​​​​​​3.0pp/-2.5pp
Czech Republic ​​​​Prague Stock Exchange​​​​​​​​​​​​​PRA​​​​​​​​​​​​​​​​​​​​​​​​​0.25%​​​​​​​​​​​​​​​​​​​​​​500 CZK​​​​​​​​​​​​​​​​​3.0pp/-5.0pp
Switzerland ​SIX Swiss Exchange​​​​​​​​​​​SWX​​​​​​​​ & VX​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​0.10%​​18​ CHF​​​​​​3.5pp/-3.0pp
Austria ​​​​Vienna Stock Exchange​​​​​​​​​​​​​​VIE​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​0.10%​​​​​​​​​​​​​​​​​​​​​​​​12​ EUR​​​​​​​​​​​​​​​​​​3.0pp/-2.5pp
Poland ​​Warsaw Stock Exchange​​​​​​​​​​​​​​​​​​WSE​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​0.25%​​​​​​65​ PLN​​​​​​​3.0pp/-2.5pp
South Africa ​​​​​Johannesburg Stock Exchange​​​​​​​​​​​​​​​​JSE​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​0.25%​​​​​​​​​​​​​​​​​​​​​​​​​​​100 ZAR​​​​​​​​​​​​​​​​​​5.0pp/-3.5pp​
Asia / Pacific
Australia Australian Securities Exchange​​​​​ASX​​​​0.10%​​8 AUD​3.0pp/-2.5pp​
Hongkong ​Hong Kong Exchanges​​​HKEX​​​​​0.25%​​​​​​​​​90 HKD​3.0pp/-2.5pp​
Singapore ​Singapore Exchange​​​​SGX-ST​​​​​​0.20%​​17 SGD​3.0pp/-2.5pp​​
Japan ​​Tokyo Stock Exchange​​​​​​TYO​​​​​​​0.15%​​​​​​​​​​1,000 JPY​​​3.0pp/-2.5pp​

Overnight Financing

As Single Stock CFDs at Saxo Capital Markets 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 Stock(s) at the time the CFD contract is established (whether long or short).

Should the relevant Inter-Bank Bid Rate minus the mark-down result in a debit as opposed to a credit, then you will pay the finance charge.

Borrowing costs on short overnight positions

A borrowing cost may be applied to short Single Stock CFD positions held overnight. This borrowing cost is dependent on the liquidity of the underlying Stocks and may be zero (0) for high liquidity Stocks.

The specific borrowing rate for a Stock can be seen as the 'Borrowing Rate' under 'Account' > 'Trading Conditions' > 'CFD Stock/Index Instrument List' in the trading platforms.

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.

Live Exchange Data fees

All equities trade on actual market data from the stock exchanges. To receive and trade on real-time market data, you will have to subscribe to the individual exchange.

A subscription to live price data from an exchange gives you access to live prices on Stocks, Single Stock CFDs, ETFs/ETCs and CFDs on ETFs/ETCs from the particular exchange.

Read more about subscribing to live exchange data.

No custody fees

When trading Single Stock CFDs with Saxo Capital Markets you are not charged a custody fee.

Stock Index Tracker CFD Prices - Standard

Pricing


Index-tracking CFD contract details (continuous)

​Ind​ex Tracker​SymbolSpread 1)​​​Margin
required 2)
Value of one
contract 3​)​
​ Trading Hours 4)
North America & Canada
US US Tech 100 NAS​USNAS100.I1​.02%​USD 1​18:01 - 16:00 (22 hrs)​​
US US 30 Wall StreetUS30.I​​3​.0​​2%​USD 1​18:01 - 16:00 (22 hrs)​​
US US SPX500​US500.I​0.9​​2%​​USD 1​​18:01 - 16:00 (22 hrs)​
Europe / Middle East / Africa
Belgium Belgium 20​​BELG20.I​13​​​​5%​​EUR 1​​​09:10 - 17:25​​​
Denmark Denmark 20​​DEN20.I​​2.5​​​​5%​​DKK 1​09:10 - 16:55​​​​​​
EU EU Stocks 50​EU50.I​2.0​​​4%​​EUR​ 1​​08:01 - 21:55​​​
France France 40​FRA40.I​2.0​​5%​​EUR 108:01 - 21:55​​
Germany Germany 30GER30.I​1.5​​3%​EUR 108:01 - 21:55​​
Germany Germany Mid-Cap 50​​​GER50MID.I​​15​​​​​​​5%​​​EUR 1​​09:10 - 17:25​​
Germany Germany Tech 30​​GERTECH30.I​4.5​​​​​​5%​​EUR 109:10 - 17:25
Italy Italy 40​​ITALY40.I​12*​​​5%​​EUR 1​​09:01 - 17:30​​
Netherlands Netherlands 25​NETH25.I​0.25​​​3%​​EUR 108:01 - 21:55​
Norway Norway 25​​NOR25.I​1​.0​​​5%​​NOK 1​09:10 - 16:15​​​​​
Portugal Portugal 20​PORT20.I​2510%​​EUR 1​08:10 - 16:25​​
South Africa South Africa 40 ZA40.I1010%ZAR 1​08:31 - 17:25
Spain Spain 35​SPAIN35.I​8.05%​​EUR 1​09:01 - 19:55​​
sweden Sweden 30​​SWE30.I​0.65​​​5%​​SEK 1​09:01 - 17:24​
Switzerland Switzerland 20​SWISS20.I​3.04%​​​​CHF 1​08:01 - 21:55​
UK UK 100​​UK100.I​1.0​​2%GBP 1​​01:01 - 20.55
UK UK Mid 250​​UK250MID.I​44​​​​​5%​​GBP 1​08:10 - ​16.25
Asia / Pacific
Australia Australia 200​AUS200.I​1.5​​2%​​AUD 1​09:51 - 05:55 3)
Hong Kong​ Hong Kong​​HK50.I​​12​​​5%​​​HKD 1​​09:16 - 22:55 3)
Japan Japan 225​JP225.I​​12​​​3%​JPY 1​08:46 - 02:55 3)​


Index-tracking CFD contract details (expiring)

Inde​​​x Tracker Name​​Spread
Mark up​
Margin2​)Value of one
​contract ​​​3)​​
​ Trading Hours ​4​)
US  US2000​ 5)0.55%​USD 1​20:01-16:00 EST​​
China  China 501210%USD 109:01 - 01:55
India  India 504.0 10%USD 1 09:01 - 01:55
Singapore  Singapore​0.30 10%SGD 1 08:31 - 01:55
Tiawan  Taiwan0.40 10%USD 1 08:46 - 01:55

*   ITALY40 (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 Capital Markets' increased cost of execution and hedging due to IFTT.

1)   1) Spreads: the spreads indicated are minimum target spreads and depend on the spreads of the underlying futures contracts. 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. For the main US, European and Asia-Pacific indices, the spreads are fixed at the minimum target spreads during the opening hours of the underlying cash market. Visit this page for ​more information and a complete list of Index Trackers with Fixed Spread support

2)   Intraday margins (where margin requirements are halved during market hours) are available on request on select Index-tracking CFDs​​. Please contact us for more information.​

​​3)   Point Value 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.

4​)   Trading hours are stated in the local hours of the underlying exchange - please note that the HK50.I (Hong Kong Index) trading session has a mid-session break between 12:00-13:00 and an evening break between 16:30-17:01, the trading session in JP225.I (Japan 225) has a break between 3:20 pm and 4:16 pm and the AUS200.I (Australia 200) there is a break between 16:25 and 17:11.

5)  The US2000 Index Tracker CFD trades on the spread of the underlying Future plus a small mark up.

No Minimum Ticket fee

When trading Stock Index Index Tracker CFDs with Saxo Capital Markets there is no minimum ticket fee charged.

Overnight Financing​

As Index Tracker CFDs at Saxo Capital Markets 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 Tracker 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 + 3.00%) * (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 – 2.50%) * (Actual Number of Days/360 or Actual Number of Days/365)

If the financing credit is negative it will be debited your account.

No Overnight Financing on US2000 Index Tracker

As the price of the US2000, China 50, India 50, Singapore and Taiwan Index Tracker CFDs tracks the price of the underlying Futures Contract no overnight financing apply.​


Forex CFD Prices - Standard

Pricing

Forex CFDs at Saxo Capital Markets are priced as the underlying Futures contract 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 Name Symbol​ Spread
Mark up
Min. trade size​ Margin​ Trading hours​ Expiry​ Expiry Time​
CURRENCIES​​​

Euro /
US Dollar

EURUSDEC +0.0001 5,000 1% 17:01-16:00 CST FND -3 10:00 CST
Euro /
Japanese Yen​
EURJPYRY​ +0.02​ 5,000​ 1%​ 17:01-16:00 CST​ FND -3​ 10:00 CST​
Euro /
Swiss Franc​
EURCHFRF​ +0.0002​ 5,000​ 4%​ 17:01-16:00 CST​ FND -3​ 10:00 CST​
Euro /
British Pound​
EURGBPRP​ +0.00025​ 5,000​ 1%​ 17:01-16:00 CST​ FND -3​ 10:00 CST​
British Pound /
US Dollar​
GBPUSDBP​ +0.0002​ 5,000​ 1%​ 17:01-6:00 CST​ FND -3​ 10:00 CST​
Australian Dollar /
US Dollar​
AUDUSDAD​ +0.0002​ 5,000​ 1%​ 17:01-16:00 CST​ FND -3​ 10:00 CST​
USD Index​ USDINDEX​ +0.005​ 100​ 1%​ 20:01-17:00 EST​ LTD -2​ 11:00 EST​
FND= First Notice
LTD = Last trading

No commissions

When trading Forex CFDs with Saxo Capital Markets you will not be subject to any commissions.​

No overnight financing

The swap costs for trading Forex CFDs with Saxo Capital Markets are already included in the price of the underlying Future and therefore you will not be subject to overnight financing.​

Minimum Trade size - fraction of a Future contract

Forex CFDs carry a minimum trade size of 5,000 which is significantly lower than the Future Contract it is tracking. For example, 1 lot of Euro/US Dollar Future is EUR 125,000.

Minimum trade size of the US Index is 100 units.​

Expiry

Similar to Futures Contracts, FX CFDs expire and are cash settled on the expiry date.  It is possible to roll over a position from one expiry to another until the time of expiry.   Any positions that remain open at the time of expiry will be automatically closed by Saxo Capital Markets at the prevailing market price. 

The specific expiry date and time for individual FX CFDs can always be found in the trading platforms under CFDs Commodities Trading Conditions and under Prices.​

Order Types

Limit, Market, Stop, Stop Limit and Trailing Stop orders are supported. In addition you are able to place "If Done and One Cancels Other (OCO)" conditional orders.

A Stop Order to sell your position is triggered on the bid price and Stop Orders to buy are triggered on the ask price.​

Short selling

Short selling of Forex CFDs is fully supported with Saxo Capital Markets.​

Bond CFD Prices - Standard​

Pricing

Bond CFDs are over-the-counter products with a price established by Saxo Capital Markets 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 Name Symbol​ Spread
Minimum
Min. trade size​ Margin​ Trading hours​
BONDS

German Government
10 year Bund

BUND 0.03 50 CFDs 1% 08:01-21:55 CET
German Government
5 year Bobl
BOBL 0.03​ 50 CFDs​ 1%​ 08:01-21:55 CET​
German Government
2 year Schatz
SCHATZ 0.015​ 50 CFDs 1%​ 08:01-21:55 CET​
Italian Government
10 year BTP
10YBTP 0.05​ 50 CFDs​ 2%​ 08:01-18:55 CET​
French Government
10 year OAT
10YOAT 0.05​ 50 CFDs​ 2%​ 08:01-18:55 CET​

No commissions

Trading Bond CFDs with Saxo Capital Markets does not attract exchange fees or commissions.

No overnight financing

The swap costs for trading Bond CFDs with Saxo Capital Markets are already included in the price of the underlying Future, hence Bond CFDs positions are not charged overnight financing.

All trading costs for Bond CFDs are included in a small mark-up added to the spread. 


Exchange Traded Funds /
Exchange Traded Commodity CFD Prices - Standard​

Volume-based commissions

At Saxo Capital Markets ETF / ETC CFDs are priced similar to Single Stock CFDs, i.e. when trading ETF / ETC CFDs you pay a fixed commission in percentage (%) on the notional value of the trade with a minimum for small trade sizes.

For North American exchanges commission is calculated as cents per contract.
 
See full list of exchange commissions under 'Single Stock CFDs prices' above.

Minimum Ticket fee

Similar to Single Stock CFDs for ETF/ETC CFDs trades below the 'Minimum Commission Threshold', a Minimum Ticket fee is charged.

Minimum Ticket fees are listed under the "CFD Stock Trading Conditions" on the trading platforms.

ETF / ETC available

Full list of ETFs and ETCs available for trading with Saxo Capital Markets can be viewed in the Trading Conditions section of the trading platforms.

Live Market Data Fees

All equities trade on actual market data from the stock exchanges. To receive and trade on real-time market data, you will have to subscribe to the individual exchange.

A subscription to live price data from an exchange gives you access to live prices on Stocks, Single Stock CFDs, ETFs/ETCs and CFDs on ETFs/ETCs from the particular exchange.

Read more about subscribing to live exchange data.

Overnight Financing

As ETF/ETC CFDs at Saxo Capital Markets 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.

Overnight Financing on ETF/ETC CFDs follow the same terms as Single Stock CFDs.


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.