Commissions, Charges and Margin Schedule

USD 5,000 for a Classic Account
USD 100,000 for a Premium Account
USD 500,000 for a Platinum Account

Interest on your main account is calculated on the Net Free Equity.

Interest on sub-accounts is calculated on the Account Value.

Net Free Equity is defined as:

• The cash balance on the main trading account
• Plus or minus the value of any unrealised profits or losses from open trade exposures in CFDs, Futures and short non-future style Contract Options on the main trading account
• Minus the value of Saxo Bank's margin requirements for open trade positions on all accounts.

Net Free Equity margin financing

Cash collateral for Net Free Equity margin financing may differ from the trading margin requirement. See the full list of cash collateral for margin financing used for Net Free Equity calculation under our General Business Terms, located here.

To avoid paying interest on your account you are required to hold sufficient cash collateral ensuring a positive Net Free Balance.

Trading margin

The trading margin requirement (leverage) described under each trading product is the minimum amount of collateral you must maintain on your account at all times. This collateral may be in the form of cash or stocks, ETFs and Bonds after applicable haircuts.

Account Value is defined as:

• The cash balance on the individual sub-account
• Plus or minus the value of any unrealised profits or losses from open trade exposures in CFDs, Futures and short non-future style Contract Options on the main sub-account.
  

The following interest rates apply to funds deposited with Saxo Bank:

Net Free Equity above EUR 15,000 (or equivalent):

• Interest paid on the full amount on the account is market bid rates minus 3%

Positive Net Free Equity up to EUR 15,000 (or equivalent):

• No account interest

Negative Net Free Equity:

• Interest will be charged at market ask rates plus 8%

The following interest rates apply to funds deposited with Saxo Bank:

• For positive Net Free Equity interest will be paid at market bid rates minus a mark-up on the full amount for all Account Values
• For negative Net Free Equity interest will be charged at market ask rates plus a mark-up on the full amount for all Account Values.

Interest will be calculated daily and settled monthly - within seven business days after the end of each calendar month.

Currency conversions of trading costs as well as profits and losses from trading activities are done using the prevailing mid-spread close rate as of 17:00 New York time, plus/minus 0.5%. For FX Options the rate is plus/minus 0.1%.