CFD Trading with Leverage

Trading With Leverage

CFDs are traded on margin. This means that you are able to leverage your investment by opening positions of larger size than the funds you have to place as margin collateral.

The margin is the amount reserved on your trading account to cover any potential losses from an open CFD position. Please also note that it is possible that a loss may exceed the required margin when trading on leverage.

Margin requirements vary from instrument to instrument and can be changed at any time to reflect market conditions. Clients will be notified in advance where possible for larger re-ratings or changing of margin requirements for very popular instruments.

Margin requirements by CFD type and instrument are always listed under the CFD Trading Conditions on the trading platforms but can also be seen below.

Please note that Saxo Capital Markets reserves the right to increase margin requirements for large position sizes, including client portfolios which are considered to be of very high risk or where market conditions require such increases.

It is your responsibility to ensure that the required margin collateral, as listed in the Account Summary on the trading platforms, is maintained at all times. If the funds in your account fall below this margin, you will be subject to a margin call where you must either:

  • Reduce the size of the open margin positions and/or
  • Provide more funds (margin collateral) to the trading account.

When the required margin exceeds your margin collateral, you are at risk of a stop-out. In such a circumstance, Saxo Capital Markets is entitled to close ALL your margin positions on your behalf.

Single Stock CFDs

The leverage available on Single Stock CFDs begin at 10:1 which corresponds to only 10% margin.

RatingMargin requirement
1*10%
220%
340%
480%
5100%
​​ ​

 

*Leverage of 5:1 which is equivalent to 20% margin requirement and 10:1 (10% margin requirement) could also apply to some of the Stock Index Trackers and Single Stock CFD/ETF CFD.

View CFDs Available​

Commodity CFDs

The leverage for Commodities CFDs begins at 5:1 which corresponds to a margin requirement of 20%. 

​Instrument Name
Symbol​
Margin Requirement​
Leverage
 
METALS
Gold​
GOLD​
20%
5:1
Silver​
SILVER​
20%
5:1
Platinum​
PLATINUM​
20%
5:1
Palladium​
PALLADIUM​
20%
5:1
US Copper​
COPPERUS​
20%
5:1
 
ENERGY
US Crude​
OILUS​
20%
5:1
UK Crude​
OILUK​
20%
5:1
Heating Oil​
HEATINGOIL​
20%
5:1
Gasoline US​
GASOLINEUS​
20%
5:1
Gas Oil
GASOLINEUK​
20%
5:1
US Natural Gas​
NATGAS​
20%
5:1
CO2 Emissions​
EMISSIONS​
20%
5:1
 
AGRICULTURE​
Corn​
CORN​
20%
5:1
Wheat​
WHEAT​
20%
5:1
Soybeans​
SOYBEANS​
20%
5:1
 
SOFTS​
NY Sugar No. 11​
SUGARNY​
20%
5:1
NY Coffee​
COFFEE​
20%
5:1
NY Cocoa​
COCOA​
20%
5:1
 
MEATS
Live Cattle​
LIVECATTLE​
20%
5:1
FND= First Notice
LTD= Last trading

Forex CFDs

The leverage available for Forex CFDs is 5:1 equal to 20% in margin requirement.  

Instrument Name Symbol​ Margin​ Requirement Leverage​
CURRENCIES​​​
Euro /
US Dollar
EURUSDEC
20%
5:1
Euro /
Japanese Yen​
EURJPYRY​
20%
5:1
Euro /
Swiss Franc​
EURCHFRF​
20%​
5:1
Euro /
British Pound​
EURGBPRP​
20%​
5:1​
British Pound /
US Dollar​
GBPUSDBP​
20%​
5:1
Australian Dollar /
US Dollar​
AUDUSDAD​
20%​
5:1​
USD Index​
USDINDEX​
20%
5:1
FND= First Notice
LTD = Last trading

ETF / ETC CFDs

See under 'Single Stock CFDs'.

Risk Warning

Trading risks are magnified by leverage – losses can exceed your deposits. Trade only after you have acknowledged and accepted the risks. You should carefully consider whether trading in leveraged products is appropriate for you based on your financial circumstances. Please consider our Risk Warning and General Business Terms before trading with us.