Stock Index Tracker CFD Prices
 

Price

At Saxo Bank Index-tracking CFDs are traded at a minimum spread, which is defined as the spread you will see under normal market conditions.

Volatile market conditions ​may affect the spreads shown on these instruments.

Index-tracking CFD contract details (continuous)

Index T​rackerMarginLeverage
AUS Australia 2002%50:1
beBelgium 205%20:1
dkDenmark 205%20:1
euEU Stocks 504%25:1
frFrance 403%33:1
gerGermany 303%33:1
gerGermany Mid-Cap 505%20:1
gerGermany Tech 305%20:1
hkHong Kong5%20:1
itItaly 405%20:1
jpJapan 2253%33:1
nlNetherlands 253%33:1
noNorway 255%20:1
prPortugal 2010%10:1
zaSouth Africa 4010%10:1
esSpain 355%20:1
seSweden 305%20:1
swSwitzerland 204%25:1
ukUK 1002%50:1
ukUK Mid 2505%20:1
usaUS 30 Wall Street2%50:1
usaUS 5002%50:1
usaUS Tech 100 NAS2%50:1

*   ITALY40.I​ (Italy 40): Italian derivatives are subject to Italian Financial Transaction Tax (Stamp duty) which is applied for both buys and sells. Click here for more information about the Italian Financial Transaction Tax (IFTT).
Also, an additional charge of 2 bps. (0.02%) of the trade amount is applied, to cover Saxo Bank’s increased cost of execution and hedging due to IFTT.

1)   Spreads: the spreads indicated are minimum spreads and depend on the spread of the underlying futures contract. If the underlying future trades at a spread that is larger than the minimum spread, the Index spread will be increased with the additional spread from the future. Example: Dax.I normal spread is 1.5 index points if the future spread is 0.5 indicating normal conditions. If the liquidity is low in the future and the spread is 1, the Index spread will be 1.5 + (1 - 0.5) = 2.

2)   Point Value of one contract: this is the currency risk you incur with one Stock Index CFD contract. The increment of risk is also one currency unit (i.e. you can increase your position by increments of one index). There is no minimum commission for Stock Index CFD traders.

3)   Trading hours are stated in the local hours of the underlying exchange - please note that the HSI.I (Hong Kong Index) trading session has a mid-session break between 12:00-13:00 and an evening break between 16:10-17:00, the trading session in NI225.I (Japan 225) has a break between 3:20 pm and 4:15 pm and the ASXSP200.I (Australia 200) there is a break between 16:25 and 17:10.

4)  The US2000 Index Tracker CFD trades on the spread of the underlying Future plus a small mark up.

​​​

No Minimum Ticket fee

When trading Stock Index Index Tracker CFDs with Saxo Capital Markets there is no minimum ticket fee charged.

FX CFDs

Futures Market spread & Contract details

Forex CFDs at Saxo Capital Markets are priced as the underlying Futures contract spread plus a fixed mark-up.  

The mark-up can be seen below under Contract Details and can be viewed in the Trading Conditions section in the trading platforms.  Please refer to the contract details below:

​Instrument Name Symbol​ Spread
Mark up
Min. trade size​ Margin​ Trading hours​ Expiry​ Expiry Time​
CURRENCIES​​​
Euro /
US Dollar
EURUSDEC +0.0001 5,000 0.5%* 17:00-16:00 CST FND -3 10:00 CST
Euro /
Japanese Yen​
EURJPYRY​ +0.02​ 5,000​ 0.5%*​ 17:00-16:00 CST​ FND -3​ 10:00 CST​
Euro /
Swiss Franc​
EURCHFRF​ +0.0002​ 5,000​ 4%​ 17:00-16:00 CST​ FND -3​ 10:00 CST​
Euro /
British Pound​
EURGBPRP​ +0.00025​ 5,000​ 0.5%*​ 17:00-16:00 CST​ FND -3​ 10:00 CST​
British Pound /
US Dollar​
GBPUSDBP​ +0.0002​ 5,000​ 0.5%*​ 17:00-6:00 CST​ FND -3​ 10:00 CST​
Australian Dollar /
US Dollar​
AUDUSDAD​ +0.0002​ 5,000​ 2%​ 17:00-16:00 CST​ FND -3​ 10:00 CST​
USD Index​ USDINDEX​ +0.005​ 100​ 0.5%*​ 20:00-17:00 EST​ LTD -2​ 11:00 EST​
FND= First Notice
LTD = Last trading
* This leverage is available for the first EUR 50,000 (or equivalent) of combined CFDs collateral. For collateral above this the required margin doubles.​​

No commissions

When trading Forex CFDs with Saxo Capital Markets you will not be subject to any commissions.

No overnight financing

As the price of the US2000, China 50, India 50, Singapore and Taiwan Index Tracker CFDs tracks the price of the underlying Futures Contract no overnight financing apply.

Minimum Trade size - fraction of a Future contract

Forex CFDs carry a minimum trade size of 5,000 which is significantly lower than the Future Contract it is tracking. For example, 1 lot of Euro/US Dollar Future is EUR 125,000.
 
Minimum trade size of the US Index is 100 units

Expiry

Similar to Futures Contracts, FX CFDs expire and are cash settled on the expiry date.  It is possible to roll over a position from one expiry to another until the time of expiry.   Any positions that remain open at the time of expiry will be automatically closed by Saxo Capital Markets at the prevailing market price. 
 
The specific expiry date and time for individual FX CFDs can always be found in the trading platforms under CFDs Commodities Trading Conditions and under Prices.

Order Types

Limit, Market, Stop, Stop Limit and Trailing Stop orders are supported. In addition you are able to place "If Done and One Cancels Other (OCO)" conditional orders.

A Stop Order to sell your position is triggered on the bid price and Stop Orders to buy are triggered on the ask price.

Short selling

Short selling of Forex CFDs is fully supported with Saxo Capital Markets.

 

 

Commodity CFD Prices

Transparent Pricing

Pricing

Commodity CFDs are over-the-counter products with a price established by Saxo Bank as the Futures market spread plus a fixed mark-up.

The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

 

Contract Details

​Instrument NameSymbol​Spread Minimum​Min. trade size​Margin​Trading hours​Expiry date​
METALS​ ​ ​ ​ ​ ​
Gold​GOLD​0.60​1​4%​18:00-17:15 EST​FND -2​
Silver​SILVER​3.5​25​8%​18:00-17:15 EST​FND -2​
Platinum​PLATINUM​1.7​1​8%​18:00-13:05 EST​FND -2​
Palladium​PALLADIUM​1.75​1​8%​18:00-17:15 EST​FND -2​
US Copper​COPPERUS​0.55​500​4%​18:00-17:15 EST​FND -2​
ENERGY​ ​ ​ ​ ​ ​
US Crude​OILUS​0.05​25​4%18:00-17:15 EST​LTD -2​
UK Crude​OILUK​0.05​25​4%01:00-22:15 BST​LTD -2​
Heating Oil​HEATINGOIL​0.35​500​4%​18:00-17:15 EST​LTD -2​
Gasoline US​GASOLINEUS​0.25​500​4%​18:00-17:15 EST​LTD -2​
Gas OilGASOLINEUK​1.251​2%01:00-22:15 BST​LTD -2​
US Natural Gas​NATGAS​0.017​200​8%​18:00-17:15 EST​LTD -2​
CO2 Emissions​EMISSIONS​0.07​25​8%​07:00-17:00 BST​LTD -2​
AGRICULTURE​ ​ ​ ​ ​ ​
Corn​CORN​1.25​200​5%​19:00 – 13:15 CSTFND -2
Wheat​WHEAT​2.25​200​5%​19:00 – 13:15 CSTFND -2​
Soybeans​SOYBEANS​1.75​200​5%​19:00 – 13:15 CSTFND -2
SOFTS​ ​ ​ ​ ​ ​
NY Sugar No. 11​SUGARNY​0.05​5,000​5%​03:30-13:00 EST​LTD -2​
NY Coffee​COFFEE​0.45​1,000​5%​03:30-14:00 EST​FND -2​
NY Cocoa​COCOA​9​1​4%​04:00-14:00 EST​FND -2​
MEATS​ ​ ​ ​ ​ ​
Live Cattle​LIVECATTLE​0.175​2,000​2%​09:05-13:00 CST​LTD -2​
FND= First Notice
LTD= Last trading

Pricing

Commodity CFDs are over-the-counter products with a price established by Saxo Bank as the Futures market spread plus a fixed mark-up.

The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

 

Contract Details

​Instrument NameSymbol​Spread Minimum​Min. trade size​Margin​Trading hours​Expiry date​
METALS​ ​ ​ ​ ​ ​
Gold​GOLD​0.60​1​4%​18:00-17:15 EST​FND -2​
Silver​SILVER​3.5​25​8%​18:00-17:15 EST​FND -2​
Platinum​PLATINUM​1.7​1​8%​18:00-13:05 EST​FND -2​
Palladium​PALLADIUM​1.75​1​8%​18:00-17:15 EST​FND -2​
US Copper​COPPERUS​0.55​500​4%​18:00-17:15 EST​FND -2​
ENERGY​ ​ ​ ​ ​ ​
US Crude​OILUS​0.05​25​4%18:00-17:15 EST​LTD -2​
UK Crude​OILUK​0.05​25​4%01:00-22:15 BST​LTD -2​
Heating Oil​HEATINGOIL​0.35​500​4%​18:00-17:15 EST​LTD -2​
Gasoline US​GASOLINEUS​0.25​500​4%​18:00-17:15 EST​LTD -2​
Gas OilGASOLINEUK​1.251​2%01:00-22:15 BST​LTD -2​
US Natural Gas​NATGAS​0.017​200​8%​18:00-17:15 EST​LTD -2​
CO2 Emissions​EMISSIONS​0.07​25​8%​07:00-17:00 BST​LTD -2​
AGRICULTURE​ ​ ​ ​ ​ ​
Corn​CORN​1.25​200​5%​19:00 – 13:15 CSTFND -2
Wheat​WHEAT​2.25​200​5%​19:00 – 13:15 CSTFND -2​
Soybeans​SOYBEANS​1.75​200​5%​19:00 – 13:15 CSTFND -2
SOFTS​ ​ ​ ​ ​ ​
NY Sugar No. 11​SUGARNY​0.05​5,000​5%​03:30-13:00 EST​LTD -2​
NY Coffee​COFFEE​0.45​1,000​5%​03:30-14:00 EST​FND -2​
NY Cocoa​COCOA​9​1​4%​04:00-14:00 EST​FND -2​
MEATS​ ​ ​ ​ ​ ​
Live Cattle​LIVECATTLE​0.175​2,000​2%​09:05-13:00 CST​LTD -2​
FND= First Notice
LTD= Last trading

Pricing

Commodity CFDs are over-the-counter products with a price established by Saxo Bank as the Futures market spread plus a fixed mark-up.

The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

 

Contract Details

​Instrument NameSymbol​Spread Minimum​Min. trade size​Margin​Trading hours​Expiry date​
METALS​ ​ ​ ​ ​ ​
Gold​GOLD​0.60​1​4%​18:00-17:15 EST​FND -2​
Silver​SILVER​3.5​25​8%​18:00-17:15 EST​FND -2​
Platinum​PLATINUM​1.7​1​8%​18:00-13:05 EST​FND -2​
Palladium​PALLADIUM​1.75​1​8%​18:00-17:15 EST​FND -2​
US Copper​COPPERUS​0.55​500​4%​18:00-17:15 EST​FND -2​
ENERGY​ ​ ​ ​ ​ ​
US Crude​OILUS​0.05​25​4%18:00-17:15 EST​LTD -2​
UK Crude​OILUK​0.05​25​4%01:00-22:15 BST​LTD -2​
Heating Oil​HEATINGOIL​0.35​500​4%​18:00-17:15 EST​LTD -2​
Gasoline US​GASOLINEUS​0.25​500​4%​18:00-17:15 EST​LTD -2​
Gas OilGASOLINEUK​1.251​2%01:00-22:15 BST​LTD -2​
US Natural Gas​NATGAS​0.017​200​8%​18:00-17:15 EST​LTD -2​
CO2 Emissions​EMISSIONS​0.07​25​10%​07:00-17:00 BST​LTD -2​
AGRICULTURE​ ​ ​ ​ ​ ​
Corn​CORN​1.25​200​5%​19:00 – 13:15 CSTFND -2
Wheat​WHEAT​2.25​200​5%​19:00 – 13:15 CSTFND -2​
Soybeans​SOYBEANS​1.75​200​5%​19:00 – 13:15 CSTFND -2
SOFTS​ ​ ​ ​ ​ ​
NY Sugar No. 11​SUGARNY​0.05​5,000​5%​03:30-13:00 EST​LTD -2​
NY Coffee​COFFEE​0.45​1,000​5%​03:30-14:00 EST​FND -2​
NY Cocoa​COCOA​9​1​4%​04:00-14:00 EST​FND -2​
MEATS​ ​ ​ ​ ​ ​
Live Cattle​LIVECATTLE​0.175​2,000​2%​09:05-13:00 CST​LTD -2​
FND= First Notice
LTD= Last trading

No Commissions

When trading Commodity CFDs with Saxo Bank, a commission is not charged, but there is a bid/ask spread included in the price Saxo Bank derives for each CFD.

This derivation means that whilst the CFD prices track the underlying Futures contract they are not exactly the same.

No overnight financing

Trading Commodity CFDs will not incur any overnight financing charges. All costs are factored within the trading spread.

Updated 15 January 2015​

Bond CFDs

Pricing

Bond CFDs are over-the-counter products with a price established by Saxo Capital Markets as the Futures market spread plus a fixed mark-up.

The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.

Contract details

Bond CFDs are over-the-counter products with a price established by Saxo Capital Markets as the Futures market spread plus a fixed mark-up.

The mark-up can be seen below under Contract Details and is always available in the Trading Conditions in the trading platforms.
 
 
Bond CFDs Name
Ticker
Min.
spread¹
Margin
Requirements²
Trading Hours3
German Gov. 10 Year Bund
BUND
0.03
1%
08:01-21:55 CET
German Gov. 5 Year Bobl.
BOBL
0.03
0.5%*
08:01-21:55 CET​
German Gov. 2 Year Schatz
SCHATZ
0.015
0.5%*
08:01-21:55 CET​
Italian Gov.  10 Year BTP
10YBTP
0.05
2%
08:01-18:55 CET​
French Gov. 10 Year OAT
10YOAT
0.05
1%
08:01-18:55 CET​

 

1 The target spreads listed are our best possible spreads used in normal market conditions. Under certain market conditions, - such as over the release of key economic figures, during periods of volatile market conditions, and during the sometime illiquid European night time - spreads may widen and auto execution limits may be lowered or disabled.

2 The available leverage and margin requirement indicated with * applies to the first EUR 50,000 (or equivalent) of your combined collateral. The required margin requirement on collateral over EUR 50,000 the required margin will double the rate indicated in the above table. For a full list of applicable CFDs, please refer to the CFDs Trading Conditions page in the trading platform or on our website.

No commissions

When Trading Bond CFDs with Saxo Capital Markets you will not be subject to any commissions as the trading costs are included within the Bid / Ask spread.

No overnight financing

The swap costs for trading Bond CFDs with Saxo Capital Markets are already included in the price of the underlying Future, hence Bond CFDs positions are not charged overnight financing.
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