• Complement your Forex strategy with a broader range of options.

  • Diversify your Investment with Forex Options Trading 

    Through Saxo Capital Markets award-winning Forex platform, South African clients can now take advantage of our advanced trading opportunities in the form of Forex Options.  

    Saxo Capital Markets FX Options can be used to develop and implement various trading strategies across a number of timelines. Clients are now able to hedge their spot positions. Options on numerous Currency Pairs, as well as Options on Gold and Silver against the US Dollar can be traded on the Saxo Capital Markets Platform. 

    Why trade FX Options with Saxo Capital Markets? 

    • FX Options on 41 Currency Pairs
    • Low Margin requirements with professional netting calculations for hedging spot positions
    • Educational tools, information and support for beginners
    • Live streaming price quotes with no dealer intervention
    • Currency Option expiries short dated to one year  
    • Gold and Silver Forex Options available
    • Options automatically exercised upon expiry

    Calculation of the delta margin 

    The Delta of a Forex Option position describes how the value of the Forex Option changes as a result of changes in the underlying Forex spot rate.

    The Delta of a Forex Option position multiplied by the notional amount gives the underlying spot exposure of the position (i.e., DELTA EXPOSURE = NOTIONAL AMOUNT * DELTA). The spot exposure represents the size of the spot position required to hedge the Forex Option.

    The calculation for the Delta Margin requirement of a Forex Option position is:

    DELTA MARGIN = DELTA EXPOSURE * FOREX SPOT MARGIN REQUIREMENT

    When calculating the Delta Margin requirement for a new Forex Option position, all of the portfolio’s current spot exposures – both open Forex spot positions and Forex Option spot exposures – are considered. See the sample calculation for an example of this.

     

    FX Vanilla Options

    FX Vanilla Options can be a useful addition to your Forex spot trading strategies, providing ways to take advantage of market volatility.

    When trading Vanilla Options you can:

    • Trade on changes in market direction as well as markets without clear direction
    • Trade on changes in market volatility

    Trade Forex Vanilla Options with a market leader

    Saxo Capital Markets is one of today’s leading market makers for Forex Options. We offer access to a customised liquidity pool with automated execution on live, streaming prices up to 10,000,000 units of notional currency. Take advantage of competitive pricing and tight spreads on Vanilla Options on more than 40 currency crosses, including Gold and Silver against the US Dollar.

    Customise your FX Options Trading

    Saxo Capital Markets offers you significant flexibility when trading FX Vanilla Options.

    Before placing a trade in FX Vanilla Options you can choose a strike and date of expiration from short dated up to 1 year maturities.

    For FX Vanilla Options that are “in-the-money” at expiry, Saxo Capital automatically exercises the Option position into a spot position. You may choose to have your expiring Vanilla Option position cash settled. If the cash exercise method is chosen, the received spot position is automatically closed at mid-price of the current spread – even in volatile markets.

     

  • FX Vanilla Options

    FX Vanilla Options can be a useful addition to your Forex spot trading strategies, providing ways to take advantage of market volatility.

    When trading Vanilla Options you can:

    • Trade on changes in market direction as well as markets without clear direction
    • Trade on changes in market volatility

    Trade Forex Vanilla Options with a market leader

    Saxo Capital Markets is one of today’s leading market makers for Forex Options. We offer access to a customised liquidity pool with automated execution on live, streaming prices up to 10,000,000 units of notional currency. Take advantage of competitive pricing and tight spreads on Vanilla Options on more than 40 currency crosses, including Gold and Silver against the US Dollar.

    Customise your FX Options Trading

    Saxo Capital Markets offers you significant flexibility when trading FX Vanilla Options.

    Before placing a trade in FX Vanilla Options you can choose a strike and date of expiration from short dated up to 1 year maturities.

    For FX Vanilla Options that are “in-the-money” at expiry, Saxo Capital automatically exercises the Option position into a spot position. You may choose to have your expiring Vanilla Option position cash settled. If the cash exercise method is chosen, the received spot position is automatically closed at mid-price of the current spread – even in volatile markets.

  • Innovative FX Options tools

    To give you the best FX Options trading experience, Saxo Capital Markets has launched a series of innovative tools - most of them available directly from the trading platform. Each one is uniquely designed to give you the best trading experience possible and to enable you to execute your trading strategy confidently.

    Exercise Method 

    Forex Vanilla Options that are 'in the money' are automatically exercised at 10:00 New York time (New York cut) on the day of expiry where they are converted to a spot position. Up to one hour before exercise you may choose between receiving and keeping the spot position (“spot”) or having Saxo Capital Markets automatically exit the spot position at mid-price of the spread at the time of exercise (“cash”).

    Cash exercise method is available on short and long positions, on all Forex Vanilla Options and automatic exit of the spot position is available at mid-price of the spread – also in volatile market conditions.

    Change of an exercise method is possible up to 1 hour prior to the Options expiry.

    If spot exercise method is chosen, the spot position is subject to the usual profit/loss if the spot price moves from the exercise price. If you already have an offsetting position at the time of exercise, the exercised position will be netted out on the following day.

  • Trade FX Options on live prices with available liquidity of a Market Maker via our parent company Saxo Bank. Saxo Capital Markets offers one type of FX Option:

    • Vanilla Options
    ACCOUNT​ ​CLASSIC ​PREMIUM ​PLATINUM
    ​EURUSD ​0.0007 ​0.0006 ​0.0005
    ​USDJPY ​0.06 ​0.06 ​0.05
    ​GBPUSD ​0.0009 ​0.0008 ​0.0007
    ​AUDUSD ​0.0006 ​0.0006 ​0.0005
    ​USDCAD ​0.0007 ​0.0007 ​0.0006
    ​USDCHF ​0.0008 ​0.0008 ​0.0007
    ​EURJPY ​0.13 ​0.12 ​0.11
    ​EURGBP ​0.0005 ​0.0005 ​0.0004
    ​EURCHF ​0.0012 ​0.0011 ​0.0010
    ​XAUUSD ​2.06 ​1.91 1.81​
    ​AUDJPY ​0.12 ​0.12 ​0.11
    ​AUDNZD ​0.0010 ​0.0009 ​0.0008
    ​AUDSGD ​0.0014 ​0.0012 ​0.0011
    ​CADJPY ​0.10 ​0.10 ​0.09
    ​CHFJPY ​0.12 ​0.12 ​0.11
    ​EURAUD ​0.0012 ​0.0011 ​0.0010
    ​EURCAD ​0.0013 ​0.0012 ​0.0011
    ​EURCZK ​0.035 ​0.032 0.030​
    ​EURHUF 0.44​ 0.41​ 0.39​
    EURNOK​ 0.0070​ ​0.0065 0.0057​
    EURNZD​ ​0.0018 ​0.0017 ​0.0015
    ​EURPLN ​0.0064 0.0058​ ​0.0055
    ​EURSEK ​0.0079 ​0.0069 ​0.0062
    EURTRY​ 0.0030​ ​0.0028 ​0.0026
    ​GBPAUD ​0.0016 ​0.0015 ​0.0013
    ​GBPCAD ​0.0018 ​0.0017 ​0.0015
    ​GBPCHF ​0.0015 ​0.0013 ​0.0012
    ​GBPJPY ​0.17 ​0.16 ​0.15
    NOKSEK​ 0.0014​ ​0.0013 ​0.0012
    ​NZDJPY ​0.09 ​0.09 0.08​
    ​NZDUSD 0.0006​ ​0.0006 ​0.0005
    USDSGD​ 0.0010​ 0.0008​ 0.0007​
    ​USDTRY 0.0019​ ​0.0017 ​0.0016
    ​USDZAR ​0.0137 ​0.0132 ​0.0125
      

    Premium spreads are available to clients trading more than 7 mio EUR notional a month in FX Options and clients with a Premium account. For Platinum spreads a Platinum account or more than 225 mio EUR notional a month is required.

Saxo Capital Markets South Africa is an authorized Financial Services Provider and regulated by the Financial Services Board, registration number 40983. Registered address: The Place, 1 Sandton Drive, Sandown, Johannesburg, South Africa.  

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