FX Vanilla Options Prices

Pricing model

The pricing model Saxo Capital Markets uses for FX Vanilla Options is the Black-Scholes model.​

Spreads are variable depending on maturity and currency pair. Prices are shown as dynamic bid/ask spreads.

Please refer to the platform or call your Saxo representatives for the most up-to-date information.

Spreads

The quoted FX Options spreads are for 30 day at-the-money options. Spreads for other strikes and maturities will vary.

Platinum spreads are available to customers trading more than 25 million EUR notional a month in FX Options.

Premium spreads are available to customers trading more than 7 million EUR notional a month in FX Options.

See all FX options spreads with live updates

Saxo Capital Markets reserves the right to apply different spreads for notional amounts exceeding market standard or for customers requiring a specific level of service.

Ticket fee on small trades

Small trade sizes incur a 'Minimum Ticket fee' of USD10 or equivalent in another currency. A small trade that attracts a Minimum Ticket fee is any trade below the 'Ticket Fee Threshold' listed below.

FX Vanilla Option ​Ticket Fee Threshold
XAUUSD​ 50​
XAGUSD​ 5,000​
AUDSGD, EURCZK, EURHUF, EURPLN, EURTRY, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPUSD, USDCAD, USDCHF, USDHUF, USDILS, USDJPY, USDMXN, USDPLN, USDSGD, USDTRY, USDZAR 50,000​
AUDJPY, AUDNZD, AUDUSD, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNOK, EURNZD, EURSEK, NZDJPY, NZDUSD, USDNOK, USDSEK 100,000​
NOKSEK​ 1,000,000​
 

 


FX Touch Options Prices

Pricing Model

For Long positions you pay a Premium, for short positions you receive a Premium. The pricing model Saxo Capital Markets uses is similar to the one we apply to Vanilla Options (based on Black-Scholes model). Spreads are variable depending on maturity.

No Commissions

When Trading Touch Options you either pay the Premium (long positions) or receive it (short positions). No other commissions apply.

Touch Options are traded on live streaming prices from 100 to 10k units of potential payout in the base currency. Other amounts are available on an RFQ (request for quote) basis. The price is measured in percentage of the total potential payout of the option.

No Minimum Ticket fee

There is no minimum ticket fee associated with trading FX Touch Options with Saxo Capital Markets.

Risk Warning

A Touch Option is a type of option in which, unlike with traditional options, the payout can take only two possible outcomes: either you are paid the return in a predefined, fixed amount upon the occurrence of the event prior to expiry date, or you lose the amount invested in the option. Simply stated, a Touch Option is generally held until expiry in an “all or nothing” payout structure and based on a simple “yes” or “no” proposition: Will an underlying asset be above a certain price at a certain time?

The maximum loss is known when you trade Touch Option, and depending on whether it is a buy or sell position, the premium or the notional/payout (whichever represents the maximum loss) is reserved from your account in full when the Touch Option is dealt, i.e. the product cannot be traded on margin.

For example:

- If you buy a touch or no-touch option, then the maximum amount you can lose is the premium paid up-front (you stand to receive the notional/payout amount if the option “touches”).  You must be able to pay this premium upfront, which is deducted from your account at the point of trade, and the market value of the touch option position cannot be used as leverage to support any other existing or new open positions from a margin perspective.

- If you sell a no-touch or touch option, then you receive the premium up-front (which you keep in entirety but may need to pay the notional/payout amount if the option “touches”).  The premium is credited to your account at the point of trade, but the full notional/payout amount is reserved from the account and cannot be used over the touch option’s lifetime to support any other existing or new open positions from a margin perspective.

You should not engage in Touch Options trading unless you fully understand the basic aspects of such trading as well as its associated risks.