Trading Conditions
Commissions for online traded contracts
These commissions are for each contract and for each trade (buy or sell) through SaxoTrader and exclude exchange fees which are listed under the contract specifications.
Self-directed prices.
Contract
Currency |
Trade Volume: Contracts/Month |
| 0 - 250 |
251 - 1.000 |
1.001 - 5.000 |
5.001 - 10.000 |
10.001 - 50.000 |
+50.000 |
| AUD | AUD 10.00 | AUD 5.00 | AUD 2.50 | AUD 1.42 | AUD 0.83 | AUD 0.50 |
| EUR | EUR 6.00 | EUR 3.00 | EUR 1.50 | EUR 0.85 | EUR 0.50 | EUR 0.30 |
| GBP | GBP 5.00 | GBP 2.50 | GBP 1.25 | GBP 0.71 | GBP 0.42 | GBP 0.25 |
| SGD | SGD 15.00 | SGD 7.50 | SGD 3.75 | SGD 2.25 | SGD 1.50 | SGD 1.00 |
| USD | USD 6.00 | USD 3.00 | USD 1.50 | USD 0.85 | USD 0.50 | USD 0.30 |
| CHF | CHF 8.00 | CHF 4.00 | CHF 2.00 | CHF 1.13 | CHF 0.67 | CHF 0.40 |
| JPY | JPY 1000.00 | JPY 800.00 | JPY 750.00 | JPY 650.00 | JPY 550.00 | JPY 500.00 |
| SEK | SEK 75 | SEK 40 | SEK 20 | SEK 10 | SEK 5 | SEK 3 |
| CAD | CAD 6.00 | CAD 3.00 | CAD 1.50 | CAD 0.85 | CAD 0.50 | CAD 0.30 |
The minimum commission per trade is USD 10, EUR 10, GBP 8, CHF 11, AUD 12.5, CAD 10, NZD 10, JPY 1200, SEK 100 or SGD 20
If no agreement exists to the contrary, you will be charged the highest price category in the table. Contact Saxo Capital Markets to apply for another price category if you are applicable based on previous trading volumes. Moves to different price categories takes place at the discretion of Saxo Capital Markets and always takes effect from the beginning of the following month without any adjustment in commissions already paid.
Commissions for offline-traded contracts
For contract futures not traded directly online, a commission fee of $15 per contract per trade is charged which includes exchange fees.
Support for Stop and Stop Limit orders
Stop and stop-limit orders are subject to support by the exchange on which the contract is traded. The order types available are noted in the popup details for each contract.
Initial margin
The initial margins listed below are the collateral per contract that you must have in your account to open a position.
Maintenance margin
Futures contracts are traded on margin enabling you to leverage a small margin deposit for a much greater market effect.
You must maintain the Maintenance Margins listed per contract in your account at all times. If the funds in your account fall below this margin, you will be subject to a margin call to either deposit more funds to cover your positions or close positions — normally you will be notified through our trading platform and via email. If your margin situation is not remedied, we may close positions on your behalf.
Partial Fills
Partial fills may occur on limit orders and the remaining amount stays in the market as a limit order and may be filled within the order duration.
Market orders can be filled at numerous levels, the price paid will be the volume weighted average price of all the fills.
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Expiry of Futures Contracts
Please note that Saxo Capital Markets does not support physical delivery of the underlying security upon expiry of a futures contract. We therefore advise you to be aware of the expiry and first notice dates of any futures contracts you invest in and ensure that you close your position before this date. If you do not close a futures position before its expiry or first notice date, Saxo Capital Markets will close your position for you at the first available opportunity at the prevailing market rate. Any resulting costs, gains or losses will be passed on to you.
If you require any assistance or clarification regarding the expiry of futures contracts, please contact Saxo Capital Markets.
Conversion of profits and losses
Currency conversions of trading costs as well as profits and losses from trading activities are done using the prevailing close rate as of 1700h New York Time, plus/minus 0.5%.
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Special conditions for SFE Futures Contracts
Market Orders
Market Orders are NOT accepted on all contracts. Please use limit orders to hit the bid/offer.
Limit Orders
A BUY Limit Order cannot be higher than the current offer and a SELL Limit Order cannot be lower than the current bid. If the market is moving at or around the time at which the order is placed, this order may be rejected by the exchange. Please repeat the process of placing the order again.
Stop Limit Orders
Stop Orders without Limits are not accepted on the platform.
The limit price specified within a Stop Limit Order cannot be more than 3 ticks from the trigger price.
In case of an order that was placed where the limit price is greater than 3 ticks from the trigger price, the order will appear as being accepted by the platform. However please note that upon the trigger price being touched/breached, the order will NOT be executed. In such cases, the order will be removed from the system afterwards.