FX Spot Trading Spreads

Competitive spreads

FX Spot spreads stay fixed under normal market conditions. For EURUSD the spreads stay fixed more than 99% of the time.  

See all  Live and historic spreads

 

FX Spot Spreads and Leverage

Click on the button below to see the full list of trading spreads and margin requirements on all 184 FX crosses.

See all  Forex spreads


The margin rates for the first EUR 300,000 of your investment collateral is 50% of the normal margin rates shown in the table.

Ticket fee on small trades

For Forex trades below the 'Ticket Fee Threshold' listed above, a small ticket fee of USD 10 is added to the trade to cover administration costs.

Updated 22 April 2014

 

 

Tom/Next Rollover

Tom/Next credit or debit

Rolling over a position to a new Value Date results in an adjustment to the opening price. The rollover debit or credit is the sum of Swap Points, and interest on any unrealised profits or losses.

Swap Points

The Swap Points used are based on a Tom/Next swap feed from a Tier-1 bank with a mark-up corresponding to +/- 0.35% of daily market overnight interest rates, plus the interest component described under 'Interest on unrealised Profit and Loss' below.

The accumulated swap points and interest component are added or deducted to the previous opening price of the position.

To provide full transparency to clients Saxo Bank publishes once a day the swap points used for the tom/next rollover. See 'Historic Swap points' below.

Please be advised that Saxo Bank A/S will be performing a general rate adjustment of the Swap Points, effective as of 1 October 2014. The swap interest mark-up/down will increase by 0.1% on both legs of the open FX spot position.

Interest on unrealised Profit and Loss

Any unrealised profits or losses on the Forex spot position being rolled from one day to the next are subject to an interest credit or debit. These are added to the swap points to calculate the rollover credit or debit.

The unrealised profits or losses are calculated as the difference between the original traded rate (possibly adjusted for previous Tom/Next rollovers) and the end of day rate of the traded currency cross at 17:00 Eastern Standard Time (New York time).

For currencies subject to special market conditions the rate of the traded currency cross at 08:15 CET will be applied

Historic Swap Points

Updated 25 July 2014
Free Demo