​Prices - ​Active 

Equity Active Trader

If you are an Active Trader within equity and equity-related products, Saxo Capital Markets offer you some of the lowest rates in the market.

In order to qualify for Equity Active Trader rates you need to execute more than 100 trades per calendar month in total, within any of the following instruments:

• Stocks
• ETFs / ETCs
• Single Stock CFDs

To see the complete pricing catalogue and Terms and Conditions for Equity Active Trader, please click below.​

Equity Active Pricing Catalogue and T&Cs​

Note: If the required monthly activity is not fulfilled, standard rates will apply the following month.

Questions?

Please ensure that you familiarise yourself with the relevant terms of our commission based pricing on our website and FAQ.

 

Stock Index Tracker CFD Prices

Pricing

Contract details 

Index-tracking CFD contract details (continuous)

Stock Index
Symbol code
Margin
Spread 1)
Trading
Hours 2)
CFD Financing (long/short)
North America & Canada
US US Tech 100 NAS
USNAS100.I
5%
1
18:01 - 16:00
(22 hrs)
+2.5pp / -3pp
US US 30 Wall Street
US30.I
5%
2.5
18:01 - 16:00
(22 hrs)
+2.5pp / -3pp
US US SPX500
US500.I
5%
0.5
18:01 - 16:00
(22 hrs)
+2.5pp / -3pp
Europe / Middle East / Africa
Belgium Belgium 20​BELG20.I
5%
​13​09:10 - 17:25​+2.5pp / -3pp
Denmark Denmark​DEN20.I
20%
​2.5​09:10 - 16:55​+2.5pp / -3pp
EU EU Stocks 50
EU50.I
5%
2
08:01 - 21:55
+2.5pp / -3pp
France France 40
FRA40.I
5%
2
08:01 - 21:55
+2.5pp / -3pp
Germany Germany 30
GER30.I
5%
1.5
08:01 - 21:55
+2.5pp / -3pp
Germany Germany Mid-Cap 50
GER50MID.I
5%
15
09:10 - 17:25
+2.5pp / -3pp
Germany Germany Tech 30
GERTECH30.I
5%
4.5
09:10 - 17:25
+2.5pp / -3pp
Italy Italy 40
ITALY40.I
5%
12* plus 0.02%
09:01 - 17:25
+2.5pp / -3pp
Netherlands Netherlands 25
NETH25.I
5%
0.25
08:01 - 21:55
+2.5pp / -3pp
Norway Norway 25
NOR25.I
20%
1
09:10 - 16:15
+2.5pp / -3pp
Portugal Portugal 20
PORT20.I
20%
25
08:10 - 16:25
+2.5pp / -3pp
Sweden South Africa 40
ZA40.I
20%
10
08:31 - 17:25
+2.5pp / -3pp
Spain Spain 35
SPAIN35.I
5%
8
09:01 - 19:55
+2.5pp / -3pp
Sweden Sweden 30
SWE30.I
5%
0.65
09:01 - 17:25
+2.5pp / -3pp
Switzerland Switzerland 20
SWISS20.I
20%
3
08:01 - 21:55
+2.5pp / -3pp
UK UK 100
UK100.I
5%
1
01:01 - 20:55
+2.5pp / -3pp
UK UK Mid 250
UK250MID.I
5%
44
08:10 - 16:25
+2.5pp / -3pp
Asia / Pacific
Australia Australia 200
AUS200.I
5%
1.5
09:51 - 05:55
+2.5pp / -3pp
Hongkong Hong Kong
HK50.I
5%
12
09:16 - 22:55
+2.5pp / -3pp
Japan Japan 225
JP225.I
5%
8
08:46 - 02:55
+2.5pp / -3pp

 

Index-tracking CFD contract details (expiring)

Stock Index
Spread
Mark up 3)
MarginTrading Hours 2)
US US 2000
0.50
20%
20:01-16:00 EST​​
Hongkong China 50
12
20%
09:51 - 05:55
Japan India 50
4
20%
09:51 - 05:55
Hongkong Singapore
0.30
20%
08:31 - 01:55
Japan Taiwan
0.40
20%
08:46 - 01:55

 

*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 Capital Markets’ increased cost of execution and hedging due to IFTT.

1) Spreads: the spreads indicated are minimum target spreads and depend on the spreads of the underlying futures contracts. 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. For the main US, European and Asia-Pacific indices, the spreads are fixed at the minimum target spreads during the opening hours of the underlying cash market. Click here for more information and a complete list of Index Trackers with Fixed Spread support.

Margin required: you can benefit from trading up to 20 times leverage. Saxo Capital Markets reserves the right to increase margin requirements for considerably concentrated client portfolios.

2) Trading hours are stated in the local hours of the underlying exchange - please note that for the HK50.I (Hong Kong Index) trading session has a mid-session break between 12:00-13:00 and an evening break between 16:30-17:01, the trading session in JP225.I (Japan 225) has a break between 3:20 pm and 4:16 pm and the AUS200.I (Australia 200) there is a break between 16:25 and 17:11. For CHINA50 there is a mid-session break between 15:55 and 16:41. For INDIA50 there is a mid-session break between 18:05 and 19:16. For Singapore there is a mid-session break between 17:10 and 18:16. For Taiwan there is a mid-session break between 13:45 and 14:36.

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) Expiring CFD Index Trackers trade 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.

Overnight Financing​

As Index Tracker CFDs at Saxo Capital Markets 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 + 2.50%) * (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 – 3.00%) * (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 Expiring CFD Index Tracker

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.

Commodity CFD Prices

Transparent Pricing

Commodity 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 on the Contract Details below and is always available under the Trading Conditions in the trading platforms. 

Contract Details

Instrument NameSymbolSpread MinimumMin. trade sizeMarginTrading hoursExpiry date
​ ​META​LS​ ​ ​ ​ ​ ​
GoldGOLD0.60120%18:01-17:00 ESTFND -2
SilverSILVER3.52520%18:01-17:00 ESTFND -2
PlatinumPLATINUM1.7120%18:01-17:00 ESTFND -2
PalladiumPALLADIUM1.75120%18:02-17:00 ESTFND -2
US CopperCOPPERUS0.5550020%18:01-17:00 ESTFND -2
​ENERGY
US CrudeOILUS0.052520%18:01-17:00 ESTLTD -2
UK CrudeOILUK0.052520%01:01-22:15 GMTLTD -2
Heating OilHEATINGOIL0.3550020%18:01-17:00 ESTLTD -2
Gasoline USGASOLINEUS0.2550020%18:01-17:00 ESTLTD -2
Gas OilGASOILUK1.25120%00:01-21:15 GMTLTD -2
US Natural GasNATGAS0.01720020%18:01-17:00 ESTLTD -2
CO2 EmissionsEMISSIONS0.072520%07:01-17:00 GMTLTD -2
​ AGRICULTURE
CornCORN1.2520020%19:01 – 13:20 CSTFND -2
WheatWHEAT2.2520020%19:01 – 13:20 CSTFND -2
SoybeansSOYBEANS1.7520020%19:01 – 13:20 CSTFND -2
​​SOFTS​
NY Sugar No. 11SUGARNY0.055,00020%04:31-13:00 ESTLTD -2
NY CoffeeCOFFEE0.451,00020%05:16-13:30 ESTFND -2
NY CocoaCOCOA9120%05:46-13:30 ESTFND -2
​MEATS​
Live CattleLIVECATTLE0.1752,00020%08:31-13:05 CSTLTD -2
FND= First Notice
LTD= Last trading

No Commissions

When trading Commodity CFDs with Saxo Capital Markets, a commission is not charged, but there is a bid/ask spread included in the price Saxo Capital Markets 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 in the trading spread.

Single Stock CFD Prices

Single Stock CFD Commissions

Exchange Name
Symbol

Commission

Minimum Commission
CFD Financing (long/short)
North America & Canada
US NYSE MKT (American Stock Exchange)*
AMEX
1 cent per shareUSD 9.903.5pp/-3.0pp
US NASDAQ  
NASDAQ
1 cent per shareUSD 9.903.5pp/-3.0pp
US NASDAQ (Small cap)
NSC
1 cent per shareUSD 9.903.5pp/-3.0pp
US New York Stock Exchange
NYSE
1 cent per shareUSD 9.903.5pp/-3.0pp
US New York Stock Exchange (ARCA)
NYSE Arx
1 cent per shareUSD 9.903.5pp/-3.0pp
Canada Toronto Stock Exchange
TSE

< 1 CAD, a flat fee CAD 25

>= 1 CAD, 0.03 CAD per CFD

CAD 253.5pp/-3.0pp
Europe / Middle East / Africa
Greece Athens Exchange
AT

0.30%

EUR 124.5pp/-4.0pp
Spain BME Spanish Exchanges
SIBE

0.10%

EUR 123.5pp/-3.0pp
Italy Budapest Stock Exchange​​
BUX

0.50%

HUF 6,0003.5pp/-3.0pp
Netherlands NYSE Euronext Amsterdam
AMS

0.10%

EUR 123.5pp/-3.0pp
Belgium NYSE Euronext Brussels
BRU

0.10%

EUR 12

3.5pp/-3.0pp
Portugal NYSE Euronext Lisbon
LISB

0.10%

EUR 123.5pp/-3.0pp
France NYSE Euronext Paris
PAR

0.10%

EUR 123.5pp/-3.0pp
Germany Deutsche Börse (XETRA)
FSE​

0.10%

EUR 123.5pp/-3.0pp
Ireland Irish Stock Exchange​ISE​0.10%​EUR 12​3.5pp/-3.0pp
UK London Stock Exchange
LSE_SETS

0.10%

GBP 83.5pp/-3.0pp
UK London Stock Exchange (IOB)
LSE_INTL

0.10%

USD 203.5pp/-3.0pp
Italy Milan Stock Exchange
MIL

0.19%

EUR 153.5pp/-3.0pp
Denmark NASDAQ OMX Copenhagen
CSE-OMX

0.10%

DKK 653.5pp/-3.0pp
Finland NASDAQ OMX Helsinki
OMX

0.10%

EUR 103.5pp/-3.0pp
Sweden NASDAQ OMX Stockholm
SSE

0.10%

SEK 653.5pp/-3.0pp
Norway Oslo Børs/Oslo Stock Exchange
OSE

0.10%

NOK 653.5pp/-3.0pp
Prague Prague Stock Exchange
PRA

0.25%

CZK 5003.5pp/-5.0pp
Switzerland SIX Swiss Exchange
(Blue-Chip)
SWX / VX

0.10%

CHF 183.5pp/-3.0pp
Austria Vienna Stock Exchange
VIE

0.10%

EUR 123.5pp/-3.0pp
Poland Warsaw Stock Exchange
WSE

0.25%

PLN 653.5pp/-3.0pp
South Africa Johannesburg Stock Exchange
JSE

 0.25%

ZAR 100 5.0pp/-3.5pp
Asia / Pacific
Australia Australian Securities Exchange
ASX

0.10%

AUD 83.5pp/-3.0pp
Hongkong Hong Kong Exchanges
HKEX

0.25%

HKD 903.5pp/-3.0pp
Singapore Singapore Exchange
SGX-ST

0.12%

SGD 153.5pp/-3.0pp
Japan Tokyo Stock Exchange
TYO

0.15%

JPY 1,0003.5pp/-3.0pp

Overnight Financing

As Single Stock CFDs at Saxo Capital Markets 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 subjected to overnight financing.

When you hold a Single Stock CFD position (or an ETF/ETC CFD postion) 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 Capital Markets, you are not charged a custody fee.

Exchange Traded Funds / Exchange Traded Commodity CFD Prices

Volume-based commissions

At Saxo Capital Markets, 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 commissions 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 Capital Markets 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 Capital Markets 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 subjected to overnight financing.

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

Forex CFD Prices

Transparent Pricing

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

Please refer to the mark-up available in the Trading Conditions on the trading platforms.

 

Contract details

Instrument NameSymbol​​Spread Mark upMin. trade sizeMarginTrading hoursExpiryExpiry Time
Euro / US DollarEURUSDEC+0.00015,00020%17:01-16:00 CSTFND -310:00 CST
Euro / Japanese YenEURJPYRY+0.025,00020%17:01-16:00 CSTFND -310:00 CST
Euro / Swiss FrancEURCHFRF+0.00025,00020%17:01-16:00 CSTFND -310:00 CST
Euro / British PoundEURGBPRP+0.000255,00020%17:01-16:00 CSTFND -310:00 CST
British Pound / US DollarGBPUSDBP+0.00025,00020%17:01-6:00 CSTFND -310:00 CST
Australian Dollar / US DollarAUDUSDAD+0.00025,00020%17:01-16:00 CSTFND -310:00 CST
USD IndexUSDINDEX+0.00510020%20:01-17:00 ESTLTD -211:00 EST
FND= First Notice; LTD = Last trading

No commissions

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

No overnight financing

The swap costs for trading Forex CFDs with Saxo Capital Markets 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.