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CFD Margin / Leverage Trading Rates | Saxo Markets

Margins / Leverage

 

 

Stock CFD Margins

Stock CFDs are offered under a number of margin groups with margin requirements that depend on the Market Capitalisation, liquidity and volatility of the Stock.

Refer to CFDs Margin Groups below in Single Stock CFDs for which margin group a particular stock is currently traded under.

You must maintain funds in your account to cover your CFDs exposure at all times.

The leverage available on Single Stock CFDs begin at 20:1 which corresponds to only 5% margin.

Rating Leverage Margin requirement
2​ 20:1* 5%
3​ 10:1 10%
4​ 6.67:1 15%
5​ 4:1 25%
6​ 2:1 50%
7​ 1.33:1 75%
8​ 0 100%

*This leverage is available for the first EUR 50,000 of collateral (or equivalent). For collateral above this the required margin doubles.

Below you will find the margin rating for every Stock we offer. 

View   individual Single Stock CFDs margins

Margin Requirements for Expiring CFDs

The margin requirement for trading for most Forex CFDs start from *0.5% CFDs. Please refer to the below table for full details:

Rating group Leverage Margin requirement Product/Instrument
1​ 200:1* 0.5%​ British Pound/US Dollar
Euro/British Pound
German Government 2 year Schatz
Euro/Japanese Yen
Euro/US Dollar
German Government 5 year Bobl
US Dollar Index
2​ 100:1* 1%​ Gasoline US
Heating Oil
UK Crude
UK Gas Oil
US Crude
3​ 100:1 1%​ Australian Dollar/US Dollar
Euro/Swiss Franc
German Government 10 year Bund
French Government 10 year OAT
4​ 50:1 2%​ Gold
5​ 25:1 4%​ Italian Government 10 year BTP
Palladium
Platinum
Silver
US Copper
US2000
6​ 20:1 5%​ Corn
Live Cattle
NY Cocoa
NY Coffee
NY Sugar No. 11
Soybeans
Wheat
Orange Juice
7​ 12.5:1 8%​ Emissions
US Natural Gas
8​ N/A N/A​ N/A

* * The available leverage and margin requirement indicated with * applies to the first EUR 50,000 (or equivalent) of your combined collateral. The required margin requirement on collateral over EUR 50,000 the required margin will double the rate indicated in the above table.

Index Tracking CFDs

With the reduced margin requirement from 0.5% for the first Eur 50,000 of collateral (or equivalent) which amounts to leverage of 200:1.  Please note that for collateral above Eur 50,000 the margin requirement will double.

The margin requirement for the US2000 Index which gives you exposure to 2,000 small cap US stocks is detailed below:

Exposure cap

For clients trading with 200:1 leverage on CFDs Index Trackers below exposure caps apply.

Instrument Exposure cap per instrument (in EUR)
ASXSP200.I, CAC40.I, DAX.I, DJI.I, FTSE100.I, IBEX35.I, NAS100.I, SMI.I, SP500.I, STOXX50E.I 15,000,000
AEX.I, BELG20.I, DEN20.I, TFSE250.I, HSI.I, MDAX.I, NI225.I, NOR25.I, SPMIB.I, SWE30.I, TECDAX.I 7,500,000

 

Should you find the above exposure limits too restrictive, an alternative margin profile can be discussed. Please contact your Account Manager for further details.

Special margin for US2000 Index Tracker

The US2000 gives you exposure to 2,000 small cap US stocks.

Commodity CFDs

The leverage for Commodities CFDs begins at 100:1 which corresponds to a margin requirement of only 1%. See the table below for full details.

Leverage Margin requirement Product / Instrument
100:1* 1% Gasoline US
Heating Oil
UK Crude
UK Gas Oil
US Crude
50:1 2% Gold
25:1 4% Palladium
Platinum
Silver
US Copper
20:1 5% Corn
Live Cattle
NY Cocoa
NY Coffee
NY Sugar No. 11
Soybeans
Wheat
Orange Juice
12.5:1 8% Emissions
US Natural Gas

*This leverage is available for the first EUR 50,000 of collateral (or equivalent). For collateral above this the required margin doubles.

Forex CFDs

The leverage available for Forex CFDs is 200:1 equal to just 0.5% in margin. This is a lot lower than the more than 3% currently required to open a similar Futures position.

Leverage Margin requirement Product / Instrument
200:1* 0.5% British Pound/US Dollar
Euro/British Pound
Euro/Japanese Yen
Euro/US Dollar
US Dollar Index
100:1 1% Australian Dollar/US Dollar
25:1 4% Euro/Swiss Franc

*This leverage is available for the first EUR 50,000 of collateral (or equivalent). For collateral above this the required margin doubles.

ETFs / ETCs CFDs

See under 'Single Stock CFDs'.

Bond CFDs

The leverage available for Bond CFDs is up to 200:1, equal to just 0.5% in margin. This is much lower than what is required when trading the regular Futures Contract. See full detail in the table below.

Leverage Margin Requirement Product/Instrument
200:1* 0.5% German Government 5 year Bobl
German Government 2 year Schatz
100:1 1% German Government 10 year Bund
100:1* 1% French Government 10 year OAT
50:1 2% Italian Government 10 year BTP

*This leverage is available for the first EUR 50,000 of collateral (or equivalent). For collateral above this the required margin doubles.

Trading with leverage with CFDs

CFDs are traded on margin. This means that you are able to leverage your investment by opening positions of larger size than the funds you have to place as margin collateral.

The margin is the amount reserved on your trading account to cover any potential losses from an open CFDs position. It is possible that a loss may exceed the required margin.

Margin requirements vary from instrument to instrument and can be changed at any time to reflect market conditions. For larger re-ratings or changing of margin requirements for very popular instruments clients will be notified in advance where possible.

Margin requirements by CFDs type and instrument are always listed under the CFDs Trading Conditions on the trading platforms but can also be seen below.

Please note that Saxo Capital Markets reserves the right to increase margin requirements for large position sizes, including client portfolios considered to be of very high risk.

Margin Requirements for Continuously Trading CFDs

We have sorted our more than 8,000 online tradable CFDs in 8 different margin groups. Which margin group a CFDs falls into depends on the market capitalisation, liquidity and volatility of the underlying asset.

The rating system for Stock Index Trackers and Single Stocks CFDs are listed below The margin requirement for trading Index Tracking and Stock CFDs start from *0.5%. Please refer to the below table for full details:

Rating group Leverage​ Margin requirement Product/Instrument
1​ ​200:1* ​0.5% ​Stock Index Trackers
2​ ​20:1* 5% Single Stock CFDs & ETF/ETC CFDs
3​ ​10:1 10% Single Stock CFDs & ETF/ETC CFDs
24 ​6.67:1 15% Single Stock CFDs & ETF/ETC CFDs
5​ ​4:1 25% Single Stock CFDs & ETF/ETC CFDs
6​ ​2:1 50% Single Stock CFDs & ETF/ETC CFDs
7 ​1.33:1 75% Single Stock CFDs & ETF/ETC CFDs
8 ​0 100% Single Stock CFDs & ETF/ETC CFDs

* The available leverage and margin requirement indicated with * applies to the first EUR 50,000 (or equivalent) of your combined collateral. The required margin requirement on collateral over EUR 50,000 the required margin will double the rate indicated in the above table.

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RISK WARNING

Our products are traded on margin and it is possible to incur losses that exceed your initial deposit.
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