Thanks to Saxo Bank’s unique and direct price execution, you will never experience any price difference between the Green Price you click on and the price you find in your trade confirmation. In other words, with Saxo Bank 'What You See is What You Get', -
no slippage!
What is slippage?
When trading with other brokers, you may have experienced an unexpected difference between the price you clicked on, and the price you saw in your trade confirmation. That’s slippage!
For instance, in a typical EURUSD trade of EUR 400,000, even 2 pips of slippage will cause you to lose USD 80. See example below.
Example of slippage
| You BUY 400,000 EURUSD |
CLICK@1.2671
The price you expect to
execute your trade at |
USD 506,840
Expected USD equivalent |
| |
TRADE@1.2673
The price you see
in your trade confirmation |
USD 506,920
Actual USD equivalent |
| Your loss due to slippage |
|
USD 80 |
When do Saxo Bank show Green prices?
Green prices are shown for almost all currency crosses except a few exotic crosses up to a trade amount of EUR 25M but not during extreme volatile market conditions – for example during economic news events. During such market conditions our clients can Request For a Quote (RFQ).
A yellow price indicates that the price is not directly available for the given trade amount. Upon request, a dealer will quote you a green two way price allowing you to trade with no slippage, even during extremely volatile, fast moving market conditions and with high trading amounts.
To avoid off market executions from poor internet connections or fast moving markets - Saxo Bank protects its clients by not executing trades if the last market price has moved significantly from the execution request.
Instead Saxo Bank's symmetric execution system will allow you to submit another trade request so you can get the latest available market price.
