Prices

 

 

Stock Index Tracker CFD Prices

Pricing

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.

 

Contract details 

​Stock Index Tracker Name

Trading hours*​ Spread**​ Margin required***​ Value of one contract***​
US Tech 100 NAS​ 22 hours (18:01 - 16:00)​ 1​ 0.50%​ USD 1​
US 30 Wall Street​ 22 hours (18:01 - 16:00)​ 3​ 0.50%​ USD 1​
US SPX500​ 22 hours (18:01 - 16:00)​ 0.9​ 0.50%​ USD 1​
Germany 30 08:01 - 21:55​ 1.5​ 0.50%​ EUR 1​
UK 100​ 01:01 - 20:55​ 1​ 0.50%​ GBP 1​
France 40​ 08:01 - 21:55​ 2​ 0.50%​ EUR 1​
Australia 200​ 10:10 - 16:25​ 1.5​ 0.50%​ AUD 1​
Switzerland 20​ 08:01 - 21:55​ 3​ 0.50%​ CHF 1​
Italy 40​ 09:01 - 17:25​ 12​ 0.50%​ EUR 1​
Spain 35​ 09:01 - 19:55​ 8​ 0.50%​ EUR 1​
EU Stocks 50​ 08:01 - 21:55​ 2​ 0.50%​ EUR 1​
Japan 225​ 09:01 - 00:30​ 12​ 0.50%​ JPY 1​
Hong Kong​ 09:16 - 16:10​ 12​ 0.50%​ HKD 1​
Netherlands 25​ 08:01 - 21:55​ 0.25​ 0.50%​ EUR 1​
Sweden 30​ 09:01 - 17:25​ 0.65​ 0.50%​ SEK 1​
Norway 25​ 09:01 - 17:20​ 1​ 0.50%​ NOK 1​
Belgium 20​ 09:10 - 17:30​ 13​ 0.50%​ EUR 1​
Denmark 20​ 09:10 - 16:55​ 2.5​ 0.50%​ DKK 1​
UK Mid 250​ 08:10 - 16:30​ 44​ 0.50%​ GBP 1​
Germany Tech 30​ 09:10 - 17:30​ 4.5​ 0.50%​ EUR 1​
Germany Mid-Cap 50​ 09:10 - 17:30​ 15​ 0.50%​ EUR 1​
* Trading hours are stated in the local hours of the underlying exchange - please note that the Hong Kong trading session has a mid-session break between 12:00-13:00 and the trading session in Japan between 3:25 pm and 4:15 pm. For UK100 there is a trade break from 08:50-09:00.
 
** 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.
 
*** Margin required: you can benefit from 200 times leverage for the first EUR 50,000 or equivalent of combined CFD margin collateral, meaning that a single account can hold a position with a maximum exposure of EUR 10,000,000 for a single instrument at the rate of margin shown in the table above. Above this threshold the margin applicable doubles. Saxo Bank reserves the right to increase margin requirements for considerably concentrated client portfolios.
 
**** 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.

 

US2000 Index-tracking CFD contract details

 
Stock Index Tracker Name​ Min. Trade size​ Margin​ Spread Mark up​ ​Trading hours Expiry Date​
US2000​ 1​ 4%​ +0.5 20:00-16:00 EST​ ​LTD -2
  

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 Bank there is no minimum ticket fee charged.

Overnight Financing​

As Index Tracker CFDs at Saxo Bank are margined products, you finance the traded value through an overnight credit/debit charge.If you open and close a CFD position within the same trading day, you are not subject to overnight financing.

When you hold an Index Tracker CFD position overnight, your CFD position will consequently be subject to the following credit or debit:

Holding Long CFD Stock Index Tracker positions after 17:00 EST (New York time) incurs a financing charge which is calculated as follows:​

Index Value * Number of CFDs * (relevant Inter-Bank Offered Rate + 3%) * (Actual Number of Days/360 or Actual Number of Days/365)

 

Holding Short positions after 17:00 EST (New York time) creates a financing credit which is calculated as follows:​

Index Value * Number of CFDs * (relevant Inter-Bank Offered Rate – 2.50%) * (Actual Number of Days/360 or Actual Number of Days/365)

If the financing credit is negative it will be debited your account.

No Overnight Financing on US2000 Index Tracker

As the price of the US2000 Index Tracker CFD tracks the price of the underlying Futures Contract no overnight financing apply.

Updated 27 September 2013

 

 

Commodity CFD Prices

Transparent 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 NameSymbolSpread MinimumMin. trade sizeMarginTrading hoursExpiry date
​ ​META​LS​ ​ ​ ​ ​ ​
GoldGOLD0.6014%18:01-17:00 ESTFND -2
SilverSILVER3.5258%18:01-17:00 ESTFND -2
PlatinumPLATINUM1.718%18:01-17:00 ESTFND -2
PalladiumPALLADIUM1.7518%18:02-17:00 ESTFND -2
US CopperCOPPERUS0.555004%18:01-17:00 ESTFND -2
​ENERGY
US CrudeOILUS0.05254%18:01-17:00 ESTLTD -2
UK CrudeOILUK0.05254%01:01-22:15 GMTLTD -2
Heating OilHEATINGOIL0.355004%18:01-17:00 ESTLTD -2
Gasoline USGASOLINEUS0.255008%18:01-17:00 ESTLTD -2
Gas OilGASOLINEUK1.2518%00:00-21:15 GMTLTD -2
US Natural GasNATGAS0.0172008%18:01-17:00 ESTLTD -2
CO2 EmissionsEMISSIONS0.07258%07:01-17:00 GMTLTD -2
​ AGRICULTURE
CornCORN1.252005%19:01 – 13:20 CSTFND -2
WheatWHEAT2.252005%19:01 – 13:20 CSTFND -2
SoybeansSOYBEANS1.752005%19:01 – 13:20 CSTFND -2
​​SOFTS​
NY Sugar No. 11SUGARNY0.055,0005%04:30-13:00 ESTLTD -2
NY CoffeeCOFFEE0.451,0005%05:15-13:30 ESTFND -2
NY CocoaCOCOA914%05:45-13:30 ESTFND -2
​MEATS​
Live CattleLIVECATTLE0.1752,0002%08:31-13:05 CSTLTD -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​

 

 

Single Stock CFD Prices

Single Stock CFD Commissions

​Region ​Exchange name ​Commission ​Minimum Commission ​CFD Financing (Long/Short)
North America​ NYSE MKT (AMEX – American Stock Exchange)​ 2 cents per share​ USD 20.00​ 3pp/-2.5pp ​
North America​ NASDAQ​ 2 cents per share​​ USD 20.00​​ 3pp/-2.5pp​
North America​ NASDAQ (NSC – Small cap)​ 2 cents per share​​ USD 20.00​​ 3pp/-2.5pp​
North America​ New York Stock Exchange​ (NYSE) 2 cents per share​​ USD 20.00​​ 3pp/-2.5pp​
North America​ New York Stock Exchange ARCA (NYSE Arx) 2 cents per share​​ USD 20.00​​ 3pp/-2.5pp​
North America​ Toronto Stock Exchange (TSE)​ 3 cents per share​​ CAD 25.00​​ 3pp/-2.5pp​
Europe​ Athens Exchange (AT)​ 0.30%​ EUR 12.00​ 3pp/-2.5pp ​
Europe​ ​Budapest Stock Exchange (BUX) ​0.50% HUF 6,000​ 3pp/-2.5pp​
Europe ​ NYSE Euronext Amsterdam (AMS)​ 0.10%​ EUR 12.00​ 3pp/-2.5pp ​
Europe​ NYSE Euronext Brussels (BRU)​ 0.10%​ EUR 12.00​ 3pp/-2.5pp ​
Europe​ NYSE Euronext Lisbon (LISB)​ 0.10%​ EUR 12.00​ 3pp/-2.5pp ​
Europe​ NYSE Euronext Paris (PAR)​ 0.10%​ EUR 12.00​ 3pp/-2.5pp ​
Europe​ Deutsche Börse (XETRA) 0.10%​ EUR 12.00​ 3pp/-2.5pp ​
Europe​ London Stock Exchange (LSE_SETS)​ 0.10%​ GBP 8.00​ 3pp/-2.5pp ​
Europe​ London Stock Exchange (LSE_INTL – IOB)​ 0.10%​ USD 20.00​ 3pp/-2.5pp ​
Europe Borsa Italiana/Milan Stock Exchange (MIL)​ 0.10%​ EUR 12.00​ 3pp/-2.5pp ​
Europe​ NYSE OMX Copenhagen (CSE) 0.10%​ DKK 65.00​ 3pp/-2.5pp ​
Europe​ NYSE OMX Helsinki (HSE)​ 0.10%​ EUR 10.00​ 3pp/-2.5pp ​
Europe​ NYSE OMX Stockholm (SSE) 0.10%​ SEK 65.00​ 3pp/-2.5pp ​
Europe​ Oslo Børs/Oslo Stock Exchange (OSE)​ 0.10%​ NOK 65.00​ 3pp/-2.5pp ​
Europe​ Prague Stock Exchange (PRA)​ 0.25%​ CZK 500​ 3pp/-4.5pp ​
Europe​ BME Spanish Exchanges (SIBE)​ 0.10%​ EUR 12.00​ 3pp/-2.5pp ​
Europe​ SIX Swiss Exchange (SWX + VX)​ 0.10%​ CHF 18.00​ 3pp/-2.5pp ​
Europe​ Wiener Börse/Vienna Stock Exchange (VIE)​ 0.10%​ EUR 12.00​ 3pp/-2.5pp ​
Europe​ Warsaw Stock Exchange (WSE)​ 0.25%​ PLN 65.00​ 3pp/-2.5pp ​
Asia Pacific​ Australian Securities Exchange (ASX)​ 0.10%​ AUD 8.00​ 3pp/-2.5pp​
Asia Pacific​ Hong Kong Exchanges (HKEX)​ 0.25%​ HKD 90.00​ 3pp/-2.5pp​
Asia Pacific​ Singapore Exchange (SGX-ST)​ 0.20%​ SGD 17.00​ 3pp/-2.5pp​
Asia Pacific​ Tokyo Stock Exchange (TYO)​ 0.15%​ JPY 1,000​ 3pp/-2.5pp​
Africa​ Johannesburg Stock Exchange (JSE)​ 0.25%​ ZAR 100​ 4.5pp/-3pp​
 
 

Overnight Financing

As Single Stock CFDs at Saxo Bank are a margined product, you finance the traded value through an overnight credit/debit charge.If you open and close a CFD position within the same trading day, you are not subject to overnight financing.

When you hold a Single Stock CFD position (or an ETF/ETC CFD position) overnight (i.e. have an open CFD position at close of market on the Stock Exchange, your CFD position will consequently be subject to the following credit or debit:

When you hold a long CFD position, you are subject to a debit calculated on the basis of the relevant Inter-Bank Offer Rate for the currency in which the underlying share is traded (e.g. LIBOR) plus a mark-up (times Actual Days/360 or Actual Days/365).

When you hold a short CFD position, you receive a credit* calculated on the basis of the relevant Inter-Bank Bid Rate for the currency in which the underlying share is traded (e.g. LIBID) minus a mark-down (times Actual Days/360 or Actual Days/365).

The credit/debit is calculated on the total nominal value of the underlying Stock(s) at the time the CFD contract is established (whether long or short).

Should the relevant Inter-Bank Bid Rate minus the mark-down result in a debit as opposed to a credit, then you will pay the finance charge.

Borrowing costs on short overnight positions

A borrowing cost may be applied to short Single Stock CFD positions held overnight. This borrowing cost is dependent on the liquidity of the underlying Stocks and may be zero (0) for high liquidity Stocks.

The specific borrowing rate for a Stock can be seen as the 'Borrowing Rate' under 'Account' > 'Trading Conditions' > 'CFD Stock/Index Instrument List' in the trading platforms.

When selling a CFD, the borrowing cost for holding the position overnight is shown in the CFD Trade module in the 'Estimated borrowing cost per day' field.

The borrowing rate will be fixed when the position is opened and will be charged on a monthly basis. Please be aware, that for certain corporate action events, the borrowing rate on the short position may be reset to the current rate in the market, upon the execution of the corporate action.

​If you open and close a CFD position within the same trading day, you are not subject to borrowing costs.

Live Exchange Data fees

All equities trade on actual market data from the stock exchanges. To receive and trade on real-time market data, you will have to subscribe to the individual exchange.

A subscription to live price data from an exchange gives you access to live prices on Stocks, Single Stock CFDs, ETFs/ETCs and CFDs on ETFs/ETCs from the particular exchange.

Read more about subscribing to live exchange data.

No custody fees

When trading Single Stock CFDs with Saxo Bank you are not charged a custody fee.

Updated 8 August 2012

 

 

Bond CFD Prices

Pricing

Bond 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 Name Symbol​ Spread
Minimum
Min. trade size​ Margin​ Trading hours​
BONDS

German Government
10 year Bund

BUND 0.03 50 CFDs 1% 08:01-21:55 CET
German Government
5 year Bobl
BOBL 0.03​ 50 CFDs​ 0.50%*​ 08:01-21:55 CET​
German Government
2 year Schatz
SCHATZ 0.015​ 50 CFDs 0.50%*​ 08:01-21:55 CET​
Italian Government
10 year BTP
10YBTP 0.05​ 50 CFDs​ 2%​ 08:01-18:55 CET​
French Government
10 year OAT
10YOAT 0.05​ 50 CFDs​ 1%*​ 08:01-18:55 CET​
* This leverage is available for the first EUR 50,000 (or equivalent) of combined CFD collateral. For collateral above this the required margin doubles.​​

No commissions

Trading Bond CFDs with Saxo Bank does not attract exchange fees or commissions.

No overnight financing

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

All trading costs for Bond CFDs are included in a small mark-up added to the spread. 

Updated September 28th. 2012

 

Exchange Traded Funds /

Exchange Traded Commodity CFD Prices

Volume-based commissions

At Saxo Bank ETF / ETC CFDs are priced similar to Single Stock CFDs, i.e. when trading ETF / ETC CFDs you pay a fixed commission in percentage (%) on the notional value of the trade with a minimum for small trade sizes.

For North American exchanges commission is calculated as cents per contract.
 
See full list of exchange commissions under 'Single Stock CFDs prices' above.

Minimum Ticket fee

Similar to Single Stock CFDs for ETF/ETC CFDs trades below the 'Minimum Commission Threshold', a Minimum Ticket fee is charged.

Minimum Ticket fees are listed under the "CFD Stock Trading Conditions" on the trading platforms.

ETF / ETC available

Full list of ETFs and ETCs available for trading with Saxo Bank can be viewed in the Trading Conditions section of the trading platforms.

Live Market Data Fees

All equities trade on actual market data from the stock exchanges. To receive and trade on real-time market data, you will have to subscribe to the individual exchange.

A subscription to live price data from an exchange gives you access to live prices on Stocks, Single Stock CFDs, ETFs/ETCs and CFDs on ETFs/ETCs from the particular exchange.

Read more about subscribing to live exchange data.

Overnight Financing

As ETF/ETC CFDs at Saxo Bank are margined products, you finance the traded value through an overnight credit/debit charge. If you open and close a CFD position within the same trading day, you are not subject to overnight financing.

Overnight Financing on ETF/ETC CFDs follow the same terms as Single Stock CFDs.

Updated 1 August 2012

 

 

Forex CFD Prices

Transparent Pricing

Forex 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 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 /
Janapese 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​ 1%​ 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​ 1%​ 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 CFD collateral. For collateral above this the required margin doubles.​​

No commissions

Trading Forex CFDs with Saxo Bank does not attract exchange fees or commissions.

No overnight financing

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

All trading costs for Forex CFDs are included in a small mark-up added to the spread. 

Updated 20 August 2012
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