With Saxo Capital Markets, it is possible to leverage FX positions up to 50:1 (2% margin) on the notional value of the position.
Margin levels are tiered based on USD notional amounts, the higher the notional amount potentially the higher the margin rate. The tiered margin requirement is calculated per currency pair.
You have deposited 10,000 EUR on your trading account with Saxo Capital Markets. You buy 250,000 EURUSD, as you expect EUR to increase in value against USD. The trade ticket on your trading platform will display the margin required for making the trade as:
5,000 EUR (250,000 EUR * 1.10 = 275,000 USD) then (275,000 USD * 2% = 5,500 USD / EUR @ 1.10)
You have deposited 250,000 EUR on your trading account with Saxo Capital Markets. You sell 9M USDCAD, as you expect CAD to increase in value against USD. The trade ticket on your trading platform will display the margin required for making the trade as:
200,000 EUR (2% * 5M USD + 4M USD * 3%) then (100,000 USD + 120,000 USD) = (220,000 USD / EUR @ 1.10).
The DEFAULT margin requirements by currency pair can be viewed
here. Please refer to the “Account” tab in the SaxoTraderGO and “Trading Conditions” in other platforms for the prevailing source of margin rates for your account as the website only reflects the default margin rates.
For further explanation of the above methodology please click
Margin requirements may be changed without prior notice. Saxo Capital Markets reserves the right to increase margin requirements for large position sizes, including client portfolios considered to be of high risk.