FX CFDs are a cost efficient, simple way to trade major currencies online: Trade commission free, with lower margin requirements from only 0.5% with a small minimum trade size of 5,000 notional value.
Benefit from trading Forex CFDs with Saxo Bank:
- All costs are built into the Bid/Ask spread.
- No need to roll CFD positions overnight and no financing charge is applied.
- No exchange commissions.
- Low collateral requirements.
- Avoid restrictions on lot sizes with all the benefits of the price movement of the underlying Futures contract.
A simple and flexible trading instrument
Saxo Bank provides an attractive opportunity to trade currencies in the FX market. Consider this comparison of three different ways to trade Euro/US Dollar:
|Min. trade size
||Spread + commission on small trades
||Spread + Commissions + Exchange Fee|
|Stocks/Bonds as collateral