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From 1 January 2009, minimum deposits to start SaxoTrader and Saxo MiniTrader private accounts will be raised to SGD20,000 and SGD5,000 respectively. To open a private trading account now, please click here.

Retail Rates
All retail rates are self-directed prices.

Segregated Accounts
All assets held at Saxo Capital Markets are kept as Segregated Accounts.

Forex Options at Saxo Capital Markets

Saxo Capital Markets offers Over the Counter (OTC) plain vanilla European-style Forex options in ~40 major currency crosses, traded online through our SaxoTrader trading platform.

Forex Options at Saxo Capital Markets

  • Forex Options for ~40 Currency Pairs
  • Majority of vanilla FX Options traded directly on live streaming price quotes (no dealer intervention)
  • Gold and Silver Options
  • Low margin requirements with professional netting calculation for hedging of spot positions
  • Automatic exercise of options on expiry
  • Use other investments (including stocks and bonds) as collateral for options trading

Options Trading on Live Price Quotes

Forex options in SaxoTrader

Saxo Capital Markets uses a variable bid / ask spread and autoexecution limit pricing model for currency options with the majority of vanilla options executed directly on live price quotes without dealer intervention. For other options – including exotic and multileg options - SaxoTrader offers competitive prices via our dealers upon request.

Low Margin Requirements

Option margins are calculated taking into account:

  • Delta margin related to the related exposure in the spot market
  • Vega margin related to changes in volatility of the underlying spot Forex
  • Any open related spot positions

This margin calculation offers lower requirements for options used to hedge spot positions.

Exercise/Expiry

Saxo Capital Markets supports New York cut options which expire at 10.00 A.M. New York time. For options that are 'in the money' at expiry, Saxo Capital Markets automatically exercises the option and converts it to a spot position without the need to for any intervention from you.