Platforms Team Platforms Team
Sales, Products and Platforms, Saxo Bank
27 April 2016

Aggressive New FX Margins and Simpler Tiered Margin Structure

Aggressive new FX MarginsOn 25th April 2016, Saxo Bank introduced lower margins and a simpler margin structure for FX (spot, forwards and options) with marg...

Aggressive new FX Margins

On 25th April 2016, Saxo Bank introduced lower margins and a simpler margin structure for FX (spot, forwards and options) with margin requirements from only 1% for many major FX crosses. You can now trade many of our major FX currency pairs with leverage of up to 100:1
For example, the new default margin requirements for trading EURUSD can be seen below:

Exposure in USD per CCY Pair  <3 Million From 3M to 25M From 25M to 50M >50 Million
Margin required1%2%3%6%

See our FX Margin rates here.

Simplified Margin Structure

On 25th April 2016, we also introduced a new simple margin structure for FX making the margin requirements clearer on every trade where:

  • Margin requirements will be independent for each FX cross and not calculated over complex FX exposures
  • Margin will be based on a simple tiered structure with incremental margin requirements for each million traded

So for a new EURUSD position of 6M, you will have:
Total Margin required = 1% for the first 3 million + 2% for the second 3 million = 1.5%

More examples

Read more about the new FX Tiered Margining

Read the article on Forex Magnates