Stock Index Tracker CFD Prices

Pricing

At Saxo Bank Index-tracking CFDs are traded at a minimum spread, which is defined as the spread you will see under normal market conditions.

Volatile market conditions may affect the spreads shown on these instruments.

Index-tracking CFD contract details (continuous)

​Index Tracker ​Symbol Spread 1) ​Margin
required 2)
Value of one
contract 3)​
​ Trading Hours 4)
North America & Canada
US US Tech 100 NAS​ NAS100.I 1​.0 0.50%​ USD 1​ 18:01 - 16:00 (22 hrs)​​
US US 30 Wall Street DJI.I​​ 3​.0​​ 0.50%​ USD 1​ 18:01 - 16:00 (22 hrs)​​
US US SPX500​ SP500.I ​0.9​​ 0.50%​​ USD 1​​ 18:01 - 16:00 (22 hrs)​
Europe
Belgium Belgium 20​ ​BELG20.I ​13​​​​ 0.50%​​ EUR 1​​​ 09:10 - 17:25​​​
Denmark Denmark 20​ ​DEN20.I​ ​2.5​​​​ 0.50%​​ DKK 1​ 09:10 - 16:55​​​​​​
EU EU Stocks 50​ STOXX50E.I ​2.0​​​ 0.50%​​ EUR​ 1​​ 08:01 - 21:55​​​
France France 40​ CAC40.I ​2.0​​ 0.50%​​ EUR 1 08:01 - 21:55​​
Germany Germany 30 DAX.I ​1.5​​ 0.50%​ EUR 1 08:01 - 21:55​​
Germany Germany Mid-Cap 50​ ​​MDAX.I​ ​15​​​​​​​ 0.50%​​​ EUR 1​​ 09:10 - 17:25​​
Germany Germany Tech 30​ ​TECDAX.I ​4.5​​​​​​ 0.50%​​ EUR 1 09:10 - 17:25
Italy Italy 40​ ​SPMIB.I ​12*​​ 0.50%​​ EUR 1​​ 09:01 - 17:25​​
Netherlands Netherlands 25​ AEX.I ​0.25​​​ 0.50%​​ EUR 1 08:01 - 21:55​
Norway Norway 25​ ​NOR25.I ​1​.0​​​ 0.50%​​ NOK 1​ 09:10 - 16:15​​​​​
Portugal Portugal 20​ PSI20.I ​25 0.50%​​ EUR 1​ 08:10 - 16:25​​
Spain Spain 35​ IBEX35.I ​8.0 0.50%​​ EUR 1​ 09:01 - 19:55​​
sweden Sweden 30​ ​SWE30.I ​0.65​​​ 0.50%​​ SEK 1​ 09:01 - 17:25​
Switzerland Switzerland 20 ​SMI.I ​3.0 0.50%​​​​ CHF 1​ 08:01 - 21:55​
UK UK 100​ ​FTSE100.I ​1.0​​ 0.50% GBP 1​​ 01:01 - 20:55 4)​
UK UK Mid 250​ ​FTSE250.I ​44​​​​​ 0.50%​​ GBP 1​ 08:10 - 16:30​​​
Asia / Pacific
Australia Australia 200​ ASXSP200.I ​1.5​​ 0.50%​​ AUD 1​ 09:51 - 05:55 4)
Hong Kong​ Hong Kong​ ​HSI.I​ ​12​​​ 0.50%​​​ HKD 1​​ 09:16 - 22:55 4)
Japan Japan 225​ NI225.I​ ​12​​​ 0.50%​ JPY 1​ 08:46 - 02:55 4)​

Index-tracking CFD contract details (expiring)

Index Tracker Name​ ​Spread
Mark up​
Margin​ ​Min. Trade size​ ​ Trading Hours 4)
US     US2000​ 5) 0.5 4% 1​ 20:00-16:00 EST​​

*   SPMIB.I (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 spreads and depend on the spread of the underlying futures contract. 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. Example: Dax.I normal spread is 1.5 index points if the future spread is 0.5 indicating normal conditions. If the liquidity is low in the future and the spread is 1, the Index spread will be 1.5 + (1 - 0.5) = 2.

2)   Margin required: you can benefit from 200 times leverage for the first EUR 50,000 or equivalent of combined CFD margin collateral, meaning that a single account can hold a position with a maximum exposure of EUR 10,000,000 for a single instrument at the rate of margin shown in the table above. Above this threshold the margin applicable doubles. Saxo Bank reserves the right to increase margin requirements for considerably concentrated client portfolios.

3)   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.

4)   Trading hours are stated in the local hours of the underlying exchange - please note that for the FTSE100.I (UK 100) there is a trade break from 07:45-08:01, the HSI.I (Hong Kong Index) trading session has a mid-session break between 12:00-13:00 and an evening break between 16:10-17:00, the trading session in NI225.I (Japan 225) has a break between 3:20 pm and 4:15 pm and the ASXSP200.I (Australia 200) there is a break between 16:25 and 17:10.

5)  The US2000 Index Tracker CFD trades on the spread of the underlying Future plus a small mark up.

No Minimum Ticket fee

When trading Stock Index Index Tracker CFDs with Saxo Bank there is no minimum ticket fee charged.

Overnight Financing​

As Index Tracker CFDs at Saxo Bank are margined products, you finance the traded value through an overnight credit/debit charge.If you open and close a CFD position within the same trading day, you are not subject to overnight financing.

When you hold an Index Tracker CFD position overnight, your CFD position will consequently be subject to the following credit or debit:

Holding Long CFD Stock Index Tracker positions after 17:00 EST (New York time) incurs a financing charge which is calculated as follows:​

Index Value * Number of CFDs * (relevant Inter-Bank Offered Rate + 3%) * (Actual Number of Days/360 or Actual Number of Days/365)

 

Holding Short positions after 17:00 EST (New York time) creates a financing credit which is calculated as follows:​

Index Value * Number of CFDs * (relevant Inter-Bank Bid Rate – 2.50%) * (Actual Number of Days/360 or Actual Number of Days/365)

If the financing credit is negative it will be debited your account.

No Overnight Financing on US2000 Index Tracker

As the price of the US2000 Index Tracker CFD tracks the price of the underlying Futures Contract no overnight financing apply.

Updated 1 August 2012

 

 

Commodity CFD Prices

Pricing

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 Name Symbol​ Spread Minimum​ Min. trade size​ Margin​ Trading hours​ Expiry date​
METALS​ ​ ​ ​ ​ ​
Gold​ GOLD​ 0.60​ 1​ 2%​ 18:00-17:15 EST​ FND -3​
Silver​ SILVER​ 3.5​ 25​ 4%​ 18:00-17:15 EST​ FND -3​
Platinum​ PLATINUM​ 1.7​ 1​ 4%​ 18:00-13:05 EST​ FND -3​
Palladium​ PALLADIUM​ 1.75​ 1​ 4%​ 18:00-17:15 EST​ FND -3​
US Copper​ COPPERUS​ 0.55​ 500​ 4%​ 18:00-17:15 EST​ FND -3​
ENERGY​ ​ ​ ​ ​ ​
US Crude​ OILUS​ 0.05​ 25​ 1%*​ 18:00-17:15 EST​ LTD -2​
UK Crude​ OILUK​ 0.05​ 25​ 1%*​ 01:00-22:15 BST​ LTD -2​
Heating Oil​ HEATINGOIL​ 0.35​ 500​ 1%*​ 18:00-17:15 EST​ LTD -2​
Gasoline US​ GASOLINEUS​ 0.25​ 500​ 1%*​ 18:00-17:15 EST​ LTD -2​
Gas Oil GASOLINEUK​ 1.25 1​ 1%* 01:00-22:15 BST​ LTD -2​
US Natural Gas​ NATGAS​ 0.017​ 200​ 8%​ 18:00-17:15 EST​ LTD -2​
CO2 Emissions​ EMISSIONS​ 0.07​ 25​ 8%​ 07:00-17:00 BST​ LTD -2​
AGRICULTURE​ ​ ​ ​ ​ ​
Corn​ CORN​ 1.25​ 200​ 5%​ 19:00 – 13:15 CST FND -3​
Wheat​ WHEAT​ 2.25​ 200​ 5%​ 19:00 – 13:15 CST FND -3​
Soybeans​ SOYBEANS​ 1.75​ 200​ 5%​ 19:00 – 13:15 CST FND -3​
SOFTS​ ​ ​ ​ ​ ​
NY Sugar No. 11​ SUGARNY​ 0.05​ 5,000​ 5%​ 03:30-13:00 EST​ LTD -2​
NY Coffee​ COFFEE​ 0.45​ 1,000​ 5%​ 03:30-14:00 EST​ FND -3​
NY Cocoa​ COCOA​ 9​ 1​ 5%​ 04:00-14:00 EST​ FND -3​
Orange Juice​ ORANGEJUICE​ 0.95​ 1,000​ 5%​ 08:00-14:00 EST​ LTD -2​
MEATS​ ​ ​ ​ ​ ​
Live Cattle​ LIVECATTLE​ 0.175​ 2,000​ 5%​ 09:05-13:00 CST​ LTD -2​
FND= First Notice
LTD= Last trading
* The margin applies to the first EUR 50,000 (or account base currency equivalent) of combined CFD margin collateral. On collateral over the EUR 50,000 the required margin will double.

No Commissions

When trading Commodity CFDs with Saxo Bank, a commission is not charged, but there is a bid/ask spread included in the price Saxo Bank derives for each CFD.

This derivation means that whilst the CFD prices track the underlying Futures contract they are not exactly the same.

No overnight financing

Trading Commodity CFDs will not incur any overnight financing charges. All costs are factored within the trading spread.

Updated 8 August 2012

 

 

Single Stock CFD Prices

Single Stock CFD Commissions

Exchange name ​Symbol Commission ​​Min.
Commission
​CFD Financing
(Long/Short)​
North America & Canada
US NASDAQ​ NASDAQ & NSC​​ 0.02 USD/share​ 20 USD​​ 3pp/-2.5pp​
US New York Stock Exchange​ NYSE & ARCA​​​ 0.02 USD/share​​​​ 20 USD 3pp/-2.5pp
US NYSE MKT​​ ​AMEX​ ​0.02 USD/share​ 20 USD​​​ 3pp/-2.5pp​​
Canada Toronto Stock Exchange​* ​TSE​​​​ 0.03 CAD/share​​​​​ 25 CAD​ 3pp/-2.5pp
Europe / Middle East / Africa
Greece Athens Exchange​​ AT​​ 0.30%​ 12 EUR 4pp/-3.5pp
Spain ​BME Spanish Exchanges​ ​SIBE​​ 0.10%​​​​​​ 12​ EUR​ 3pp/-2.5pp
Hungary ​Budapest Stock Exchange​​ BUX​​ ​0.50% 6,000​ HUF 3pp/-2.5pp​
Germany ​Deutsche Börse (XETRA)​​ ​​FSE​​​​ 0.10%​​​​​​​​ 12​ EUR​ 3pp/-2.5pp
Ireland ​​Irish Stock Exchange​​​ ​ISE​​​​​​​​​​​ ​0.10%​​​​ 12 EUR ​3pp/-2.5pp​
Turkey ​Istanbul Stock Exchange​​ ​​IST​​​​ 0.2%​​​​​​​​ 50 TRY​ ​3.5pp/-4.5pp
UK ​​​London Stock Exchange​​​ ​​LSE_SETS​​​​​​​​​​​​​​ ​0.10%​​​​​​ 8​ GBP​ ​​3pp/-2.5pp
UK ​​London Stock Exchange (IOB)​​ ​​​LSE_INTL​​​​​​ 0.10%​​​​​​​​​​ 20 USD​​ ​​3pp/-2.5pp
Italy ​​​​Milan Stock Exchange​​​ ​​​MIL​​​​​​​​​​​​​​​​​ ​0.19%​​​​​​​​ 15​ EUR​​​​ ​​​3pp/-2.5pp
Denmark ​​NASDAQ OMX Copenhagen​​ ​​​​CSE​​​​​​​​​ 0.10%​​​​​​​​​​​​ 65 DKK​​​​ ​​​3pp/-2.5pp
Finland ​​​​​NASDAQ OMX Helsinki​​​ ​​​​HSE​​​​​​​​​​​​​​​​​​​​ ​0.10%​​​​​​​​​​ 10​ EUR​​​​ ​​​​3pp/-2.5pp
Sweden ​NASDAQ OMX Stockholm​​​ ​​​​SSE​​​​​​​​​ 0.10%​​​​​​​​​​​​ 65​ SEK​​​​​ ​​​​3pp/-2.5pp
Netherlands ​​​​​​NYSE Euronext Amsterdam​​​ ​​​​​AMS​​​​​​​​​​​​​​​​​​​​​​​​ 0.10%​​ 12​ EUR​​​ ​​​​​3pp/-2.5pp
Belgium ​​NYSE Euronext Brussels​​​​ ​​​​​BRU​​​​​​​​​​​​​ 0.10%​​​​​​​​​​​​​​ 12​ EUR​​​​​​ ​​​​​3pp/-2.5pp
Portugal ​​​​​​​NYSE Euronext Lisbon​​​ ​​​​​​LISB​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ 0.10%​​ 12​ EUR​​​ ​​​​​​3pp/-2.5pp
France ​​​NYSE Euronext Paris​​​​​ ​​​​​​PAR​​​​​​​​​​​​​​​​​​ 0.10%​​​​​​​​​​​​​​​​​​​ 12​ EUR​​​​​​​​​ ​​​​​​3pp/-2.5pp
Norway ​​​​​​​​Oslo Stock Exchange​​​ ​​​​​​​OSE​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ 0.10%​​ 65​ NOK​ ​​​​​​3pp/-2.5pp
Czech Republic ​​​​Prague Stock Exchange​​​​​​ ​​​​​​​PRA​​​​​​​​​​​​​​​​​​​​​​​​​ 0.25%​​​​​​​​​​​​​​​​​​​​​​ 500 CZK​​​​​​​​​​​ ​​​​​​3pp/-4.5pp
Switzerland ​SIX Swiss Exchange​​​ ​​​​​​​​SWX​​​​​​​​ & VX​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ 0.10%​​ 18​ CHF ​​​​​​3pp/-2.5pp
Austria ​​​​Vienna Stock Exchange​​​​​​ ​​​​​​​​VIE​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ 0.10%​​​​​​​​​​​​​​​​​​​​​​​​ 12​ EUR​​​​​​​​​​​​ ​​​​​​3pp/-2.5pp
Poland ​​Warsaw Stock Exchange​​​​ ​​​​​​​​​​​​​​WSE​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ 0.25%​​​​​​ 65​ PLN​ ​​​​​​3pp/-2.5pp
South Africa ​​​​​Johannesburg Stock Exchange​​​​​​ ​​​​​​​​​​JSE​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ ​0.25%​​​​​​​​​​​​​​​​​​​​​​​​​​ ​100 ZAR​​​​​​​​​​​​ ​​​​​​4.5pp/-3pp​
Asia / Pacific
Australia Australian Securities Exchange​​​​ ​ASX​​​​ 0.10%​​ 8 AUD​ 3pp/-2.5pp​
Hongkong ​Hong Kong Exchanges​ ​​HKEX​​​​​ 0.25%​​​​​​​​​ 90 HKD​ 3pp/-2.5pp​
Singapore ​Singapore Exchange​​​ ​SGX-ST​​​​​ ​0.20%​​ 17 SGD​ 3pp/-2.5pp​​
Japan ​​Tokyo Stock Exchange​​​ ​​​TYO​​​​​​​ 0.15%​​​​​​​​​​ 1,000 JPY​​​ 3pp/-2.5pp​


*   Toronto Stock Exchange​ (TSE): Commision is capped at CAD 25/trade for Shares traded below 1 CAD.

Overnight Financing

As Single Stock CFDs at Saxo Bank are a margined product, you finance the traded value through an overnight credit/debit charge.If you open and close a CFD position within the same trading day, you are not subject to overnight financing.

When you hold a Single Stock CFD position (or an ETF/ETC CFD position) overnight (i.e. have an open CFD position at close of market on the Stock Exchange, your CFD position will consequently be subject to the following credit or debit:

When you hold a long CFD position, you are subject to a debit calculated on the basis of the relevant Inter-Bank Offer Rate for the currency in which the underlying share is traded (e.g. LIBOR) plus a mark-up (times Actual Days/360 or Actual Days/365).

When you hold a short CFD position, you receive a credit* calculated on the basis of the relevant Inter-Bank Bid Rate for the currency in which the underlying share is traded (e.g. LIBID) minus a mark-down (times Actual Days/360 or Actual Days/365).

The credit/debit is calculated on the total nominal value of the underlying Stock(s) at the time the CFD contract is established (whether long or short).

Should the relevant Inter-Bank Bid Rate minus the mark-down result in a debit as opposed to a credit, then you will pay the finance charge.

Borrowing costs on short overnight positions

A borrowing cost may be applied to short Single Stock CFD positions held overnight. This borrowing cost is dependent on the liquidity of the underlying Stocks and may be zero (0) for high liquidity Stocks.

The specific borrowing rate for a Stock can be seen as the 'Borrowing Rate' under 'Account' > 'Trading Conditions' > 'CFD Stock/Index Instrument List' in the trading platforms.

When selling a CFD, the borrowing cost for holding the position overnight is shown in the CFD Trade module in the 'Estimated borrowing cost per day' field.

The borrowing rate will be fixed when the position is opened and will be charged on a monthly basis. Please be aware, that for certain corporate action events, the borrowing rate on the short position may be reset to the current rate in the market, upon the execution of the corporate action.

​If you open and close a CFD position within the same trading day, you are not subject to borrowing costs.

Live Exchange Data fees

All equities trade on actual market data from the stock exchanges. To receive and trade on real-time market data, you will have to subscribe to the individual exchange.

A subscription to live price data from an exchange gives you access to live prices on Stocks, Single Stock CFDs, ETFs/ETCs and CFDs on ETFs/ETCs from the particular exchange.

Read more about subscribing to live exchange data.

No custody fees

When trading Single Stock CFDs with Saxo Bank you are not charged a custody fee.

DMA Commissions

Exchange name ​Symbol Commission ​​Min.
Commission
​CFD Financing
(Long/Short)​
North America & Canada
US NASDAQ
    Share Price > 10 USD
    Share Price < 10 USD
NASDAQ & NSC​​
-
-
-
0.05 USD/share​
​0.03 USD/share​
-
15 USD
15 USD​​
-
3pp/-2.5pp
3pp/-2.5pp​
US New York Stock Exchange
    Share Price > 10 USD
    Share Price < 10 USD
NYSE & ARCA
-
- ​​​
-
0.05 USD/share​
0.03 USD/share​
-
15 USD
15 USD
-
3pp/-2.5pp
3pp/-2.5pp
US NYSE MKT
    ​​Share Price > 10 USD
    Share Price < 10 USD
​AMEX​
-
-
-
0.05 USD/share​
0.03 USD/share​​
-
15 USD
15 USD​​​
-
3pp/-2.5pp​​
3pp/-2.5pp
Canada Toronto Stock Exchange​* ​TSE​​​​ 0.05 CAD/share​​​​​​ 25 CAD​ 3pp/-2.5pp
Europe / Middle East / Africa
Greece Athens Exchange​​ AT​​ 0.30%​ 20 EUR 4pp/-3.5pp
Spain ​BME Spanish Exchanges​ ​SIBE​​ 0.10%​​​​​​ 20​ EUR​ 3pp/-2.5pp
Hungary ​Budapest Stock Exchange​​ BUX​​ ​0.50% 6,000​ HUF 3pp/-2.5pp​
Germany ​Deutsche Börse (XETRA)​​ ​​FSE​​​​ 0.10%​​​​​​​​ 20​ EUR​ 3pp/-2.5pp
Ireland ​​Irish Stock Exchange​​​ ​ISE​​​​​​​​​​​ ​0.10%​​​​ 20 EUR ​3pp/-2.5pp​
Turkey ​Istanbul Stock Exchange​​ ​​IST​​​​ 0.2%​​​​​​​​ 50 TRY​ ​3.5pp/-4.5pp
UK ​​​London Stock Exchange​​​ ​​LSE_SETS​​​​​​​​​​​​​​ ​0.10%​​​​​​ 15​ GBP​ ​​3pp/-2.5pp
UK ​​London Stock Exchange (IOB)​​ ​​​LSE_INTL​​​​​​ 0.10%​​​​​​​​​​ 20 USD​​ ​​3pp/-2.5pp
Italy ​​​​Milan Stock Exchange​​​ ​​​MIL​​​​​​​​​​​​​​​​​ ​0.25%​​​​​​​​ 22​ EUR​​​​ ​​​3pp/-2.5pp
Denmark ​​NASDAQ OMX Copenhagen​​ ​​​​CSE​​​​​​​​​ 0.10%​​​​​​​​​​​​ 65 DKK​​​​ ​​​3pp/-2.5pp
Finland ​​​​​NASDAQ OMX Helsinki​​​ ​​​​HSE​​​​​​​​​​​​​​​​​​​​ ​0.10%​​​​​​​​​​ 10​ EUR​​​​ ​​​​3pp/-2.5pp
Sweden ​NASDAQ OMX Stockholm​​​ ​​​​SSE​​​​​​​​​ 0.10%​​​​​​​​​​​​ 65​ SEK​​​​​ ​​​​3pp/-2.5pp
Netherlands ​​​​​​NYSE Euronext Amsterdam​​​ ​​​​​AMS​​​​​​​​​​​​​​​​​​​​​​​​ 0.10%​​ 20​ EUR​​​ ​​​​​3pp/-2.5pp
Belgium ​​NYSE Euronext Brussels​​​​ ​​​​​BRU​​​​​​​​​​​​​ 0.10%​​​​​​​​​​​​​​ 40​ EUR​​​​​​ ​​​​​3pp/-2.5pp
Portugal ​​​​​​​NYSE Euronext Lisbon​​​ ​​​​​​LISB​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ 0.10%​​ 20 EUR​​​ ​​​​​​3pp/-2.5pp
France ​​​NYSE Euronext Paris​​​​​ ​​​​​​PAR​​​​​​​​​​​​​​​​​​ 0.10%​​​​​​​​​​​​​​​​​​​ 20 EUR​​​​​​​​​ ​​​​​​3pp/-2.5pp
Norway ​​​​​​​​Oslo Stock Exchange​​​ ​​​​​​​OSE​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ 0.10%​​ 65​ NOK​ ​​​​​​3pp/-2.5pp
Czech Republic ​​​​Prague Stock Exchange​​​​​​ ​​​​​​​PRA​​​​​​​​​​​​​​​​​​​​​​​​​ 0.25%​​​​​​​​​​​​​​​​​​​​​​ 500 CZK​​​​​​​​​​​ ​​​​​​3pp/-4.5pp
Switzerland ​SIX Swiss Exchange​​​ ​​​​​​​​SWX​​​​​​​​ & VX​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ 0.10%​​ 30 CHF ​​​​​​3pp/-2.5pp
Austria ​​​​Vienna Stock Exchange​​​​​​ ​​​​​​​​VIE​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ 0.20%​​​​​​​​​​​​​​​​​​​​​​​​ 30​ EUR​​​​​​​​​​​​ ​​​​​​3pp/-2.5pp
Poland ​​Warsaw Stock Exchange​​​​ ​​​​​​​​​​​​​​WSE​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ 0.25%​​​​​​ 100 PLN​ ​​​​​​3pp/-2.5pp
South Africa ​​​​​Johannesburg Stock Exchange​​​​​​ ​​​​​​​​​​JSE​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​ ​0.25%​​​​​​​​​​​​​​​​​​​​​​​​​​ ​100 ZAR​​​​​​​​​​​​ ​​​​​​4.5pp/-3pp​
Asia / Pacific
Australia Australian Securities Exchange​​​​ ​ASX​​​​ 0.10%​​ 8 AUD​ 3pp/-2.5pp​
Hongkong ​Hong Kong Exchanges​ ​​HKEX​​​​​ 0.32%​​​​​​​​​ 150 HKD​ 3pp/-2.5pp​
Singapore ​Singapore Exchange​​​ ​SGX-ST​​​​​ ​0.22%​​ 25 SGD​ 3pp/-2.5pp​​
Japan ​​Tokyo Stock Exchange​​​ ​​​TYO​​​​​​​ 0.15%​​​​​​​​​​ 1,200 JPY​​ 3pp/-2.5pp​


*   Toronto Stock Exchange​ (TSE): Commision is capped at CAD 25/trade for Shares traded below 1 CAD.

Updated 28 February 2014

 

 

Bond CFD Prices

Pricing

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 Name Symbol​ Spread
Minimum
Min. trade size​ Margin​ Trading hours​
BONDS

German Government
10 year Bund

BUND 0.03 50 CFDs 1% 08:01-21:55 CET
German Government
5 year Bobl
BOBL 0.03​ 50 CFDs​ 0.50%*​ 08:01-21:55 CET​
German Government
2 year Schatz
SCHATZ 0.015​ 50 CFDs 0.50%*​ 08:01-21:55 CET​
Italian Government
10 year BTP
10YBTP 0.05​ 50 CFDs​ 2%​ 08:01-18:55 CET​
French Government
10 year OAT
10YOAT 0.05​ 50 CFDs​ 1%*​ 08:01-18:55 CET​
* This leverage is available for the first EUR 50,000 (or equivalent) of combined CFD collateral. For collateral above this the required margin doubles.​​

No commissions

Trading Bond CFDs with Saxo Bank does not attract exchange fees or commissions.

No overnight financing

The swap costs for trading Bond CFDs with Saxo Bank are already included in the price of the underlying Future, hence Bond CFDs positions are not charged overnight financing.

All trading costs for Bond CFDs are included in a small mark-up added to the spread. 

Updated September 28th. 2012

 

 

Forex CFD Prices

Pricing

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 Name Symbol​ Spread
Mark up
Min. trade size​ Margin​ Trading hours​ Expiry​ Expiry Time​
CURRENCIES​​​

Euro /
US Dollar

EURUSDEC +0.0001 5,000 0.5%* 17:00-16:00 CST FND -3 10:00 CST
Euro /
Japanese Yen​
EURJPYRY​ +0.02​ 5,000​ 0.5%*​ 17:00-16:00 CST​ FND -3​ 10:00 CST​
Euro /
Swiss Franc​
EURCHFRF​ +0.0002​ 5,000​ 4%​ 17:00-16:00 CST​ FND -3​ 10:00 CST​
Euro /
British Pound​
EURGBPRP​ +0.00025​ 5,000​ 0.5%*​ 17:00-16:00 CST​ FND -3​ 10:00 CST​
British Pound /
US Dollar​
GBPUSDBP​ +0.0002​ 5,000​ 0.5%*​ 17:00-6:00 CST​ FND -3​ 10:00 CST​
Australian Dollar /
US Dollar​
AUDUSDAD​ +0.0002​ 5,000​ 1%​ 17:00-16:00 CST​ FND -3​ 10:00 CST​
USD Index​ USDINDEX​ +0.005​ 100​ 0.5%*​ 20:00-17:00 EST​ LTD -2​ 11:00 EST​
FND= First Notice
LTD = Last trading
* This leverage is available for the first EUR 50,000 (or equivalent) of combined CFD collateral. For collateral above this the required margin doubles.​​

No commissions

Trading Forex CFDs with Saxo Bank does not attract exchange fees or commissions.

No overnight financing

The swap costs for trading Forex CFDs with Saxo Bank are already included in the price of the underlying Future, hence FX CFDs positions are not charged overnight financing.

All trading costs for Forex CFDs are included in a small mark-up added to the spread. 

Updated 20 August 2012

 

Exchange Traded Funds /

Exchange Traded Commodity CFD Prices

Volume-based commissions

At Saxo Bank ETF / ETC CFDs are priced similar to Single Stock CFDs, i.e. when trading ETF / ETC CFDs you pay a fixed commission in percentage (%) on the notional value of the trade with a minimum for small trade sizes.

For North American exchanges commission is calculated as cents per contract.
 
See full list of exchange commissions under 'Single Stock CFDs prices' above.

Minimum Ticket fee

Similar to Single Stock CFDs for ETF/ETC CFDs trades below the 'Minimum Commission Threshold', a Minimum Ticket fee is charged.

Minimum Ticket fees are listed under the "CFD Stock Trading Conditions" on the trading platforms.

ETF / ETC available

Full list of ETFs and ETCs available for trading with Saxo Bank can be viewed in the Trading Conditions section of the trading platforms.

Live Market Data Fees

All equities trade on actual market data from the stock exchanges. To receive and trade on real-time market data, you will have to subscribe to the individual exchange.

A subscription to live price data from an exchange gives you access to live prices on Stocks, Single Stock CFDs, ETFs/ETCs and CFDs on ETFs/ETCs from the particular exchange.

Read more about subscribing to live exchange data.

Overnight Financing

As ETF/ETC CFDs at Saxo Bank are margined products, you finance the traded value through an overnight credit/debit charge. If you open and close a CFD position within the same trading day, you are not subject to overnight financing.

Overnight Financing on ETF/ETC CFDs follow the same terms as Single Stock CFDs.

Updated 1 August 2012
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