Margin Trading

Leverage available - margin requirements

With Saxo Bank you are able to leverage your FX positions up to 50 times equal to 2% margin required on the notional value of the position.


You have deposited EUR 10,000 on your trading account with Saxo Bank.

You consider buying EURUSD 250,000, as you expect EUR to increase in value against USD.

The Trade Ticket on your trading platform will display the margin required for making the trade as EUR 5,000 (2% * EUR 250,000).

The margin requirements by currency pair are listed under the Forex Trading Conditions tab in the trading platforms and can also be viewed under ​Margin & Trading Requirements​ under Prices.

Margin requirements may be changed without prior notice. Saxo Bank reserves the right to increase margin requirements for large position sizes, including client portfolios considered to be of very high risk.​

Margin Calls

You must maintain the required margin collateral as listed in the Account Summary on the trading platforms at all times.
If at any time while an FX position is open, and the margin required to maintain that position exceeds the funds available for margin trading on the account, you are in breach of your contract and need to meet the margin requirements again. This can be done by either:

  • reducing the size of the open margin positions and / or
  • providing more funds (margin collateral) to the trading account
When the required margin exceeds your margin collateral you are at risk of a stop-out where Saxo Bank may close your margin positions on your behalf.

Risk Warning

Margin Trading carries a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors.

Ensure you fully understand the risks involved and seek independent advice if necessary.

See our Risk Warning.
Updated 21st January, 2015

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.

Forex 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