Prices

FX Vanilla Options Prices

Pricing model

The pricing model Saxo Bank applies for FX Vanilla Options is based on an implied volatility surface for the Black-Scholes model based on the interbank market.

Spreads are variable depending on maturity and currency pair. Prices are shown as dynamic bid/ask spreads.

A full list of current FX Vanilla Options spreads are available below under 'Spreads'.

Pricing for your account type

Saxo Bank FX Vanilla Options spreads vary by the account type, i.e. Classic, Premium and Platinum and by a currency pair.

The pricing displayed on your trading platforms is characterised by the account type that has been configured for you when opening the account.

Spreads

The quoted FX Options spreads are for 30 day at-the-money options. Spreads for other strikes and maturities will vary.

Platinum spreads are available to customers trading more than 25 million EUR notional a month in FX Options or customers opening a platinum account.

Premium spreads are available to customers trading more than 7 million EUR notional a month in FX Options or customers opening a premium account.

See all FX options spreads with live updates

Saxo Bank reserves the right to apply different spreads for notional amounts exceeding market standard or for customers requiring a specific level of service.

Ticket fee on small trades

Small trade sizes incur a 'Minimum Ticket fee' of USD10 or equivalent in another currency. A small trade that attracts a Minimum Ticket fee is any trade below the 'Ticket Fee Threshold' listed below.

FX Vanilla Option	Ticket Fee Threshold
XAUUSD	50
XAGUSD	5,000
AUDSGD, EURCZK, EURHUF, EURPLN, EURTRY, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, USDCAD, USDCHF, USDHUF, USDILS, USDJPY, USDMXN, USDPLN, USDSGD, USDTRY, USDZAR	50,000
AUDJPY, AUDNZD, AUDUSD, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNOK, EURNZD, EURSEK, NZDJPY, NZDUSD, USDNOK, USDSEK	100,000
NOKSEK	1,000,000

Updated 9 August 2012

FX Binary Touch Options Prices

Pricing Model

For Long positions you pay a Premium, for short positions you receive a Premium. The pricing model Saxo Bank uses is similar to the one we apply to Vanilla Options (based on Black-Scholes model). Spreads are variable depending on maturity.

For Long positions you pay the Premium, for short positions you receive the Premium.

The pricing model Saxo Bank uses is similar to the one we apply to Vanilla Options (based on Black-Sholes model), which means spreads also vary depending on maturity.

No Commissions

When Trading Binary Touch Options you either pay the Premium (long positions) or receive it (short positions). No other commissions apply.

Binary Touch Options are traded on live streaming prices from 100 to 25,000 units of base currency of potential Payout. Other amounts are available on an RFQ basis. The price is measured in percentage of the total potential payout of the option.

No Minimum Ticket fee

There is no minimum ticket fee or commission associated with trading FX Binary Touch Options with Saxo Bank.

Updated 9 August 2012

More on FX Options

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.

An option 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

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