Disclaimer - None of the information contained herein constitutes an offer to purchase or sell a financial instrument or to make any investments. Saxo Bank A/S and, or - its group companies (“Saxo Bank”) do not take into account your personal investment objectives or financial situation and make no representation, and assume no liability to the accuracy or completeness of the information provided, nor for any loss arising from any investment based on a recommendation, forecast or other information supplied from any employee of Saxo Bank, third party, or otherwise. Trades in accordance with the recommendations in an analysis, especially, but not limited to, leveraged investments such as foreign exchange trading and investment in derivatives, can be very speculative and may result in losses as well as profits. You should carefully consider your financial situation and consult your financial advisor(s) in order to understand the risks involved and ensure the suitability of your situation prior to making any investment or entering into any transactions. All expressions of opinion are subject to change without notice. Any opinions made may be personal to the author and may not reflect the opinions of Saxo Bank. Furthermore, please refer to Saxo Bank's full General Disclaimer.
The Saxo Bank (Switzerland) SA disclaimer is available here.
The Saxo Capital Markets Pte. Ltd. disclaimer is available here.
The Saxo Capital Markets HK disclaimer is available here.
Saxo Capital Markets (Australia) Pty. Ltd. disclaimer is available here.
The Saxo Capital Markets South Africa Limited disclaimer is available here.
See firsthand why no other online Forex Trading provider has won so many industry awards for their online FX offering.
Saxo Capital Markets SA continues to be the preferred provider of online Forex trading for thousands of investors worldwide.
This is a result of aggressive pricing, superior liquidity, outstanding reliability, and last, but not least, a range of more than 160 different Forex crosses.
Open a live account and start trading today. Minimum funding required.
Open Live Account
Free 20-day trial of our award-winning multi-asset trading platform.
Open Demo Account
Saxo Capital Markets SA offers traders and investors a balanced and up-to-the-minute view on the markets. Each day our articles deliver comprehensive news, commentary and analysis on current market action aimed at helping clients make trading decisions, regardless of what they trade.
Saxo Capital Markets SA has been a facilitator in the global capital markets aggregating liquidity, offering access to exchanges around the world and providing its powerful suite of products and platforms to private clients, institutions, banks and brokerages.
See our awards
Welcome to Saxo Capital Markets SA support area. Here you can find answers to frequently asked questions about our trading products, platforms and accounts, you can download the SaxoTrader, find contact details, payment instructions and other documents and forms.
Choose a topic from the left and let us help you.
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)
* 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.
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.
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.
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.
When trading Stock Index Index Tracker CFDs with Saxo Capital Markets there is no minimum ticket fee charged.
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:
Commodity CFD Prices
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.
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 01 January 2017
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.
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.
Apple iPad and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Android is a trademark of Google Inc.