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Index-tracking CFD contract details (continuous)
Index-tracking CFD contract details (expiring)
* 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.
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: Germany 30 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.
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.
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 16:10-17:00, the trading session in Japan 225 has a break between 3:20 pm and 4:15 pm and the Australia 200 there is a break between 16:25 and 17:10.
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.
Single Stock CFD Commissions
* Toronto Stock Exchange (TSE): Commision is capped at CAD 25/trade for Shares traded below 1 CAD. ** AEX stocks: minimum is EUR 5. Other Dutch Exchanges: minimum is EUR 12.
Single Stock CFD Commissions (Direct Market Access)
* Toronto Stock Exchange (TSE): Commision is capped at CAD 25/trade for Shares traded below 1 CAD.
The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.
Forex CFDs are over-the-counter products with a price established by Saxo Bank as the Futures market spread plus a fixed mark-up.
Bond CFDs are over-the-counter products with a price established by Saxo Bank as the Futures market spread plus a fixed mark-up.
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.
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.