CFD Trading with Leverage

Trading With Leverage

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 CFD 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.

Intraday margins are available on request on selected Index tracker CFDs (for example UK 100, France 40 and US 30 Wall Street). The intraday margin requirement allows you to trade on half the normal requirement for that market, and is applied during main trading hours. ​
​It’s important to manage open positions in advance of market cut-off times to avoid utilization above 100% - which would trigger an automated liquidation of all positions. For more details on intraday margin please contact us.

Margin requirements by CFD type and instrument are always listed under the CFD 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.

Intraday Margin​

Intraday margin which is available on selected CFD Index Trackers increases flexibility during the trading day. The Intraday margin is phased out in the minutes following expiry of the intraday trading hours applicable to the respective instrument.

Example of Intraday Margin for Germany 30 (​GER30.I)

 

The intraday trading hours can be found in the trading conditions section in the trading platforms. Please note that the intraday trading hours are subject to change and may be affected by early close of the underlying market due to holidays etc.

Intraday Margin is available upon request. Please contact your Account Manager or Service Center.​

Index Tracker CFDs​​

Index-tracking CFD contract details (continuous)

Index T​rackerStandard MarginIntraday Margin 1)Intraday Session 2)
​NORTH AMERICA ​ ​ ​
usaUS 30 Wall Street2.0%1.0%09:00 - 15:53
usaUS 5002.0%1.0%09:00 - 15:53
usaUS Tech 100 NAS2.0%1.0%09:00 - 15:53
​EUROPE, MIDDLE EAST & AFRICA ​ ​ ​
beBelgium 205.0%n.a. 
dkDenmark 205.0%n.a. 
euEU Stocks 504.0%2.0%09:00 - 17:28
frFrance 403.0%1.5%09:00 - 17:28
gerGermany 303.0%1.5%09:00 - 17:28
gerGermany Mid-Cap 505.0%n.a. 
gerGermany Tech 305.0%n.a. 
itItaly 405.0%n.a. 
nlNetherlands 253.0%n.a. 
noNorway 255.0%n.a. 
prPortugal 2010.0%n.a. 
zaSouth Africa 4010.0%n.a. 
esSpain 355.0%2.5%09:00 - 17:28
seSweden 305.0%n.a. 
swSwitzerland 204.0%2.0%09:00 - 17:18
ukUK 1002.0%1.0%08:00 - 16:28
ukUK Mid 2505.0%n.a. 
​ASIA / PACIFIC ​ ​ ​
AUSAustralia 2002.0%1.0%10.00 - 15.58
jpJapan 2253.0%n.a. 
hkHong Kong5.0%n.a. 

 

Index-tracking CFD contract details (expiring)

Index TrackerStandard MarginIntraday Margin 1) ​Intraday Session 2)
cnChina 5010.0%n.a.
inIndia 5010.0%n.a.
sgSingapore10.0%n.a.
twTaiwan10.0%n.a.
usaUS20005.0%n.a.
​​

 

1) Intraday Margin is available upon request. Please contact your Account Manager or Service Center.

2) Trading hours are stated in the local hours of the underlying exchange. Please note that Intraday Margin will move to Standard Margin during a rolling window of 2 minutes after the close of the Intraday Session(s).

Single Stock CFDs

​Saxo Capital Markets' tradable CFDs are grouped into five ​different margin classes based on the market capitalisation, liquidity and volatility of the underlying asset. 

The leverage available on Single Stock CFDs begins at 10:1 which corresponds to only 10% margin.

RatingMargin requirement
110%
220%
340%
480%
5100%
​ ​

Find your local stock in the link below and see what Margin Rating it has.

View individual Single Stock CFD margins

Commodity CFDs

​Instrument NameSymbol​Margin Requirement​Leverage
METALS
Gold​GOLD​4%25:1
Silver​SILVER​8%12.5:1
Platinum​PLATINUM​8%12.5:1
Palladium​PALLADIUM​8%12.5:1
US Copper​COPPERUS​4%25:1
ENERGY
US Crude​OILUS​5%20:1
UK Crude​OILUK​4%25:1
Heating Oil​HEATINGOIL​4%25:1
Gasoline US​GASOLINEUS​4%25:1
Gas OilGASOLINEUK​2%50:1
US Natural Gas​NATGAS​8%12.5:1
CO2 Emissions​EMISSIONS​8%12.5:1
AGRICULTURE​
Corn​CORN​5%20:1
Wheat​WHEAT​5%20:1
Soybeans​SOYBEANS​5%20:1
SOFTS​
NY Sugar No. 11​SUGARNY​5%20:1
NY Coffee​COFFEE​5%20:1
NY Cocoa​COCOA​4%20:1
MEATS
Live Cattle​LIVECATTLE​2%20:1
FND= First Notice
LTD= Last trading
​​​

Bond CFDs

​Leverage​Margin Requirement​Product/Instrument
100:1 1%​

​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

 

Forex CFDs

The leverage available for Forex CFDs is 50:1 equal to just 2% in margin.

​Instrument NameSymbol​Margin​ RequirementLeverage​
CURRENCIES​​​

Euro /
US Dollar

EURUSDEC2%50:1
Euro /
Japanese Yen​
EURJPYRY​4%25:1
Euro /
Swiss Franc​
EURCHFRF​4%​25:1
Euro /
British Pound​
EURGBPRP​2%​50:1​
British Pound /
US Dollar​
GBPUSDBP​2%​50:1
Australian Dollar /
US Dollar​
AUDUSDAD​2%​50:1​
USD Index​USDINDEX​2%50:1
FND= First Notice
LTD = Last trading

ETF / ETC CFDs

See under 'Single Stock CFDs'.

Risk Warning

Margin Trading carries a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors.

Ensure you fully understand the risks involved and seek independent advice if necessary.

See our Risk Warning.

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.

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