US residents
Please note that due to regulatory restrictions only Forex Spot, Forex OTC options, Saxo Bank Managed FX funds, Spot Gold and Silver can currently be offered to US residents.
Commissions for off-line trading
Offline traded bonds are traded on the following commissions:
| Commision |
Minimum Commission |
|
|
|
|
| Retail |
0.08% |
Retail |
EUR 80 |
| Institutional |
0.05% |
Institutional |
EUR 50 |
Minimum trade size
The minimum trade size for bonds accepted by Saxo Bank is EUR 100,000.
Custody fees
An annual custody fee of:
| Bond currency |
Annual Fee |
|
|
| EUR |
0.030% |
| USD |
0.035% |
| GBP |
0.025% |
| NOK |
0.025% |
| DKK |
0.025% |
| CZK |
0.25% |
| Other Currencies |
0.045% |
is charged annually (using the closing price of the bond on 31 December), or on exit from the bond position where the client will be subject to the fraction of the annual fee for which they have held the bond.
Bond margin collateral
Saxo Bank allows collateral invested in Bonds to be used for margin trading activities (Forex, CFDs and Futures trading). The percentage of the collateral that can be used for margin trading depends on the rating of the bond:
| Definition |
Margin collateral |
|
|
| Highest Rating |
95% |
| Very High Quality |
90% |
| High Quality |
80% |
Lower rated bonds are not accepted as collateral for margin trading.
Coupon payments
Coupon payments from bond positions will be credited to the client’s account, less any applicable withholding taxes.