Spreads and Commissions

Spreads and Commissions

Index Tracker CFD spreads

Index-tracking CFD contract details (continuous)

 

Index TrackerSpread 1)
Standard
Spread 1)
​Active5)
Value of one
contract 2)
Trading Hours 3)
​North America
US US Tech 100 NAS1​​.0​0.5USD 118:01 - 16:00
US US 30 Wall Street3.0​2.0USD 118:01 - 16:00
US US 5000.9​0.4USD 118:01 - 16:00
​Europe / Middle East / Africa​
Belgium Belgium 2013​12EUR 1​09:10 - 17:25
Denmark Denmark 202.5​0.75DKK 109:10 - 16:55
EU EU Stocks 502.0​1.75EUR 108:01 - 21:55
France France 402.0​1.0EUR 108:01 - 21:55
Germany Germany 301.5​1.0EUR 108:01 - 21:55
Germany Germany Mid-Cap 5015​7.0EUR 109:10 - 17:25
Germany Germany Tech 304.5​4.0EUR 109:10 - 17:25
Italy Italy 4012*11*​EUR 109:01 - 17:30
Netherlands Netherlands 250.25​0.18EUR 108:01 - 21:55
Norway Norway 251.0​0.8NOK 109:10 - 16:15
Portugal Portugal 2025​15EUR 108:10 - 16:25
South Africa South Africa 4010​7.0ZAR 108:31 - 17:25
Spain Spain 358.0​4.8EUR 109:01 - 19:55
sweden Sweden 300.65​0.45SEK 109:01 - 17:24
Switzerland Switzerland 203.0​1.75CHF 108:01 - 21:55
UK UK 1001.0​0.85GBP 101:01 - 20.55
UK UK Mid 25044​40GBP 108:10 - 16.25
Asia / Pacific​ ​ ​ ​ ​
Australia Australia 2001.5​1.4AUD 109:51 - 05:55 3)
Hong Kong Hong Kong12​10HKD 109:16 - 22:55 3)
Japan Japan 22512​8.0JPY 108:46 - 02:55 3)

Index-tracking CFD contract details (expiring)

​Index Tracker NameSpread Mark up4)
Standard
Spread Mark up4)
Active5)
Value of one contract 2) Trading Hours 3)
US US2000 0.5​0.40USD 120:01-16:00
China China 5012​11USD 109:01 - 01:55
India India 504.0​3.0USD 109:01 - 01:55
Singapore Singapore0.30​0.20SGD 108:31 - 01:55
Tiawan Taiwan0.40​0.30 USD 108:46 - 01:55
​ ​

*   Italy 40: Italian derivatives are subject to Italian Financial Transaction Tax (Stamp duty) which is applied for both buys and sells. Click here for more information about the Italian Financial Transaction Tax (IFTT).
Also, an additional charge of 2 bps. (0.02%) of the trade amount is applied, to cover Saxo Bank’s increased cost of execution and hedging due to IFTT.

1)   Spreads: the spreads indicated are minimum target spreads and depend on the spreads of the underlying futures contracts. If the underlying future trades at a spread that is larger than the minimum spread, the Index spread will be increased with the additional spread from the future.
For the main US, European and Asia-Pacific indices, the spreads are fixed at the minimum target spreads during the opening hours of the underlying cash market. Click he​re for more information and a complete list of Index Trackers with Fixed Spread support.

​​2)   Point Value of one contract: this is the currency risk you incur with one Stock Index CFD contract. The increment of risk is also one currency unit (i.e. you can increase your position by increments of one index). There is no minimum commission for Stock Index CFD traders.

3)   Trading hours are stated in the local hours of the underlying exchange - please note that the Hong Kong Index trading session has a mid-session break between 12:00-13:00 and an evening break between 16:10-17:01, the trading session in Japan 225 has a break between 3:20 pm and 4:16 pm and the Australia 200​ there is a break between 16:25 and 17:11. 

For CHINA50 there is a mid-session break between 15:55 and 16:41. For INDIA50 there is a mid-session break between 18:05 and 19:16.For SINGAPORE there is a mid-session break between 17:10 and 18:16. For TAIWAN there is a mid-session break between 13:45 and 14:36.

4)  Expiring CFD Index Trackers trade on the spread of the underlying Future plus a small mark up.

5) For Active pricing see section in the bottom of this page

​​​​ ​

Single Stock and ETF CFD Commissions​

Exchange nameSymbolCommission
Standard
Commission
Active*)
North America & Canada​​
US NASDAQ NASDAQ & NSC0.02 USD/share
(min 20 USD)
from 6 USD 1)
US New York Stock Exchange NYSE & ARCA0.02 USD/share
(min 20 USD)
from 6 USD 1)
US NYSE MKTAMEX0.02 USD/share
(min 20 USD)
from 6 USD 1)
Canada Toronto Stock Exchange TSE0.03 CAD/share
(Min 25 CAD)
0.0225 CAD /share
(min 15 CAD)
​Europe / Middle East / Africa​
Greece Athens ExchangeAT0.30%
(min 12 EUR)
0.1175% (+0.1325%)
(min 10 EUR)
Spain BME Spanish ​​ExchangesSIBE 0.10%
(min 12 EUR)
from 9 EUR 3)
Hungary Budapest Stock ExchangeBUX0.50%
(min 6,000 HUF)
0.30%
(min 5,000 HUF)
Germany Deutsche Börse (XETRA)FSE0.10%
(min 12 EUR)
from 9 EUR 4)
Ireland Irish Stock ExchangeISE0.10%
(min 12 EUR)
0.06%
(min 9 EUR)
UK London Stock Exchange LSE_SETS0.10%
(min 8 GBP)
from 8 GBP 5)
UK London Stock Exchange (IOB)LSE_INTL0.10%
(min 20 USD)
0.05%
(min 10 USD)
Italy Milan Stock ExchangeMIL0.19%
(min 15 EUR)
from 9 EUR
(+0.07%) 4)
Denmark NASDAQ OMX CopenhagenCSE0.10%
(min 65 DKK)
0.05%
(min 50 DKK)
Finland NASDAQ OMX HelsinkiHSE0.10%
(min 10 EUR)
0.05%
(min 7 EUR)
Sweden NASDAQ OMX StockholmSSE0.10%
(min 65 SEK)
0.05%
(min 55 SEK)
Netherlands NYSE Euronext Amsterdam (AEX)AMS0.09%
(min 5 EUR)
 from 12 EUR 3)
Belgium NYSE Euronext BrusselsBRU0.10%
(min 12 EUR)
0.05%
(min 8 EUR)
Portugal NYSE Euronext LisbonLISB0.10%
(min 12 EUR)
0.05%
(min 8 EUR)
France NYSE Euronext Paris PAR0.10%
(min 12 EUR)
 from 9 EUR 3)
Norway Oslo Stock ExchangeOSE0.10%
(min 65 NOK)
0.07%
(min 55 NOK)
Czech Republic Prague Stock ExchangePRA0.25%
(min 500 CZK)
0.22%
(min 400 CZK)
Switzerland SIX Swiss Exchange SWX & VX0.10%
(min 18 CHF)
from 11 CHF 6)
Austria Vienna Stock ExchangeVIE0.10%
(min 12 EUR)
0.09%
(min 12 EUR)
Poland Warsaw Stock ExchangeWSE0.25%
(min 65 PLN)
0.22%
(min 60 PLN)
Asia / Pacific​
South Africa Johannesburg Stock ExchangeJSE0.25%
(min 100 ZAR)
0.15%
(min 80 ZAR)
Australia Australian Securities ExchangeASX0.10%
(min 8 AUD)
0.05%
(min 6 AUD)
Hongkong Hong Kong ExchangesHKEX0.25%
(min 90 HKD)
0.102% (+0.108%)
(min 80 HKD)
Singapore Singapore ExchangeSGX-ST0.20%
(min 17 SGD)
0.14% (+0.04%)
(min 15 SGD)
Japan Tokyo Stock ExchangeTYO0.15%
(min 1,000 JPY)
0.08%
(min 600 JPY)
​ ​

​*) For active pricing see section in the bottom of this page

​1) NASDAQ, NYSE & NYSE ARCA: The flat fee apply up to a trade size of 1,000 shares, above the threshold the commission is 0.007 USD/share

3) BME, NYSE Euronext Amsterdam**) and Paris: The flat fee apply up to a trade size of EUR 20,000, above the threshold the commission is 0.05%

4) Deutsche Börse (XETRA) and Milan Stock Exchange: The flat fee apply up to a trade size of EUR 30,000, above the t​hreshold the commission is 0.05%

5) London Stock Exchange: The flat fee apply up to a trade size of GBP 30,000, above the threshold the commission is 0.05%.

6) SIX Swiss Exchange: The flat fee apply up to a trade size of CHF 30,000, above the threshold the commission is 0.05%

 

Commodity CFD spreads

Commodity CFDs are over-the-counter products with a price established by Saxo Bank as the Futures market spread plus a fixed mark-up.

The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

Contract Details

Instrument NameSymbolSpread Minimum
Standard
​Spread Minimum
Active1)
Min. trade sizeTrading hours 2)Expiry date
​ ​META​LS​ ​ ​ ​ ​ ​
GoldGOLD0.600.5​0118:01-17:00FND -2
SilverSILVER3.52.5​2518:01-17:00FND -2
PlatinumPLATINUM1.701.10​118:01-17:00FND -2
PalladiumPALLADIUM1.75​1.05118:02-17:00FND -2
US CopperCOPPERUS0.55​0.4550018:01-17:00FND -2
​ENERGY
US CrudeOILUS0.05​0.032518:01-17:00LTD -2
UK CrudeOILUK0.05​0.032501:01-22:15LTD -2
Heating OilHEATINGOIL0.35​0.2550018:01-17:00LTD -2
Gasoline USGASOLINEUS0.25​0.1750018:01-17:00LTD -2
Gas OilGASOILUK​1.25​0.75100:01-21:15LTD -2
US Natural GasNATGASUS0.017​0.01120018:01-17:00LTD -2
CO2 EmissionsEMISSIONS0.07​0.052507:01-17:00LTD -2
​ AGRICULTURE
CornCORN1.250.75​20019:01 – 13:20FND -2
WheatWHEAT2.25​1.7520019:01 – 13:20FND -2
SoybeansSOYBEANS1.75​1.2520019:01 – 13:20FND -2
​​SOFTS​
NY Sugar No. 11SUGARNY0.050.03​5,00004:31-13:00LTD -2
NY CoffeeCOFFEENY0.45​0.351,00005:16-13:30FND -2
NY CocoaCOCOANY9.0​5.0105:46-13:30FND -2
​MEATS​
Live CattleLIVECATTLE0.175​0.1252,00008:31-13:05LTD -2
FND= First Notice
LTD= Last trading

1) For active pricing see section in the bottom of the page

2) Trading hours are stated in the local hours of the underlying exchange

Forex CFD spreads

Forex CFDs are over-the-counter products with a price established by Saxo Bank as the Futures market spread plus a fixed mark-up.

The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

 

Contract details

Instrument NameSymbol​​Spread Mark up
Standard
​Spread Mark up
Active1)
Min. trade sizeTrading hours 2)ExpiryExpiry Time
Euro / US DollarEURUSDEC0.0002​0.000185,00017:01-16:00FND -310:00 CST
Euro / Japanese YenEURJPYRY0.030.02​5,00017:01-16:00FND -310:00 CST
Euro / Swiss FrancEURCHFRF0.00020.0002​5,00017:01-16:00FND -310:00 CST
Euro / British PoundEURGBPRP0.000250.0002​5,00017:01-16:00FND -310:00 CST
British Pound / US DollarGBPUSDBP0.0003​0.000255,00017:01-6:00FND -310:00 CST
Australian Dollar / US DollarAUDUSDAD0.00030.0002​5,00017:01-16:00FND -310:00 CST
USD IndexUSDINDEX0.0100.008​10020:01-17:00LTD -211:00 EST
FND= First Notice; LTD = Last trading
​ ​

1) For active pricing see section in the bottom of this page

2) Trading hours are stated in the local hours of the underlying exchange

Bond CFD spreads

​Bond CFDs are over-the-counter products with a price established by Saxo Bank as the Futures market spread plus a fixed mark-up.

The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

 

Contract details

Instrument NameSymbolSpread
Minimum
Standard
​Spread
Minimum
Active1)
Min. trade sizeTrading hours 2)
German Government
10 year Bund​
BUND​​​0.030.02​50 CFDs08:01-21:55
German Government
5 year Bobl
BOBL0.03​0.0250 CFDs08:01-21:55
German Government
2 year Schatz
SCHATZ0.015​0.0150 CFDs08:01-21:55
Italian Government
10 year BTP
10YBTP0.05​0.0350 CFDs08:01-18:55
French Government
10 year OAT
10YOAT0.05​0.0350 CFDs08:01-18:55
​​

1) For active pricing see section in the bottom of this page

2) Trading hours are stated in the local hours of the underlying exchange

Active pricing

If you are an Active Trader within equity and equity-related products, Saxo offers you some of the lowest rates in the market.

In order to qualify for Equity Active Trader rates you need to place at least 100 trades per calendar month, within any of the following instruments:

  • Stocks
  • ETFs/ETC
  • Single Stock CFDs

Please note the following: 

  • The Active pricing may vary from the prices shown above depending on your country of residence.
  • If the required monthly activity is not fulfilled, standard rates w​ill apply the following month.
  • You can familiarise yourself with the relevant terms of our Active Equity pricing in the FAQ section.
Updated 31 August 2016

Product Risk

​Danish banks are required to categorise investment products offered to retail clients depending on the product’s complexity and risk as: green, yellow or red.

A CFD is categorised as a red product as it is considered an investment product with a high complexity and a high risk. See also the 'Product Risk Categorisation' located under our General Business Terms.

General Business Terms​​​