Pricing overview
RATES & CONDITIONS ACTIVE TRADER STANDARD
FOREX
AUDUSD From 0.4 pips (1) From 0.8 pips
USDJPY From 0.2 pips (1) From 0.8 pips
EURUSD From 0.2 pips (1) From 0.8 pips
STOCKS
Australian Securities Exchange From 5 bps* From 10 bps
NASDAQ & NYSE From 7 USD* From 9.9 USD
London Stock Exchange From 5 bps* From 10 bps
STOCK OPTIONS
AUD Contracts From 3 AUD (2) From 5 AUD
USD Contracts From 2 USD (2) From 3 USD
GBP Contracts From 1.5 GBP (2) From 2.5 GBP
  See all rates See all rates
CFD INDEX TRACKER
Australia 200 From 1.4* 1.5
US SPX500 From 0.4* 0.9
Japan 225 From 8* 12
FUTURES
USD Contracts Please contact us 4.5
AUD Contracts Please contact us 5
EUR Contracts Please contact us 5
CONTRACT OPTIONS
USD Contracts Please contact us 4.5
AUD Contracts Please contact us 7
EUR Contracts Please contact us 5
BONDS
Corporate Bonds Please contact us 0.08% (min. 80 EUR)

(1) Based on ECN-styled FX pricing

* To qualify for the Active Trader Pricing Plan, clients will have to execute at least 100 trades per calendar month on Stocks, ETFs and Single Stock CFDs. Read the full Terms and Conditions and FAQ here.

(2) To qualify for the Active Trader price plans on Stock Options, Futures and Contract Options, clients will need to trade: 1,001 – 5,000 lots per month.

Navigate through the Futures and Contract Options sections on the left-hand side pane to read the full Terms and Conditions.

 

​Commissions, Charges and Margin Schedule​

Product trading rates & conditions

See our Forex trading rates & conditions

See our Forex Options trading rates & conditions

See our CFD trading rates & conditions

See our Stock trading rates & conditions

See our Stock Options trading rates & conditions

See our Futures trading rates & conditions

See our Contract Options trading rates & conditions

See our Bonds trading rates & conditions

​​

Minimum account sizes

Classic Accounts start from AUD 10,000
Premium Accounts start from AUD 100,000
Platinum Accounts start from AUD 500,000 

Interest on funds deposited with Saxo Capital Markets

Interest on your main account is calculated on the Net Free Equity

Interest on your sub-accounts is calculated on the Account Value.

However, since the Net Free Equity is calculated on open trade positions on all your accounts, it is important to make sure that sufficient cash is available on your main account.
 
Otherwise, you risk being subject to a debit interest on your main account exceeding the credit interest payable on your sub-account(s).

Net Free Equity

Your Net Free Equity is:

  • The cash balance of your main trading account
  • Plus or minus any unrealised profits or losses from open CFDs, FX Forwards and Futures on your main trading account
  • Plus the market valu​e of any FX Options on your main trading account
  • Minus any margin required for financing open positions on your main trading account and sub-accounts
​Net Free Equity margin financing
Cash collateral for Net Free Equity margin financing may differ from the trading margin requirement. Please click here​ for information on cash collateral for margin financing used for Net Free Equity Calculation. 
 
To avoid paying interest on your account you are required to hold sufficient cash collateral ensuring a positive Net Free Balance.
 
Please note that the Net Free Equity Margins will be updated from 1 February 2017. Click here to see the updated Net Free Equity Margins.

 
Trading margin
The trading margin requirement (leverage) described under each trading product is the minimum amount of collateral you must maintain on your account at all times. 



 

Account Value

Account Value of your sub-account is:

  • The cash balance of the account
  • Plus or minus the value of any unrealised profits or losses from open CFDs, FX Forwards and Futures on the account
  • Plus the market value of any FX Options on the account
​​

Account Interest 

The following interest rates apply to funds deposited with Saxo Capital Markets:

Net Free Equity above USD 15,000 (or equivalent):​

  • Interest paid on the full amount on the account is the higher of market bid rates minus 3% and zero.

Positive Net Free Equity up to USD 15,000 (or equivalent):

  •  No account interest

Negative Net Free Equity:

  • Interest will be charged at market ask rates plus 8%, however never less than 8 %.

Withholding tax in interest

Under Australian Income Tax law, payers of interest must withhold tax and pay it to the Australian Taxation Office (ATO) where an account holder has not provided a:

  • Tax File Number (TFN)
  • Australian Business Number (ABN); or
  • Valid TFN exemption

You can find out more on the ATO  web site at www.ato.gov.au

If you do not provide us with your Tax File Number (TFN), TFN exemption or Australian Business Number (ABN) or you have an overseas residential address, we must by law deduct tax from any interest we pay to you and pay this tax to the Australian Taxation Office (ATO). This tax is referred to as 'withholding tax'.

Interest Calculation and Settlement

Interest will be calculated daily and settled monthly - within seven business days after the end of each calendar month.

Currency Conversion fee

Currency conversions of trading costs as well as profits and losses from trading activities are done using the prevailing mid-spread close rate as of 17:00 New York time, plus/minus 0.5%. For FX Options the rate is plus/minus 0.1%. 

The Currency Conversion fee does not apply to margin collateral. Only settlement of actual payments to or from the trading account are included, for example, buying/selling cash Stocks, paying/receiving options premium etc.
 
The rate used for currency conversion of amounts booked to your account is shown in the trading platforms under the “Trades Executed” report.

 

SEC Section 31 Fees for US CFD DMA and Shares​

Saxo Capital Markets passes on to clients the SEC Section 31 fee of $22.10 per million (0.221 bps) on US exchange CFD DMA and stock SELL transactions where client orders are entered directly into the underlying market.

Regular CFDs are exempt from this charge. This fee applies only to US exchanges.
 
To read press release from U.S Securities and Exchange Commissions. 

Custody fees

For all bond positions an annual custody fee applies (charged as a percentage of the market value):

Currency of BondAnnual Custody Fee
EUR0.030%
USD0.035%
GBP0.025%
NOK0.025%
DKK0.025%
CZK0.25%
Other Currencies0.045%


The custody fee is charged quarterly (using the closing price on the last trading day of each quarter), or on exit from/sell of the bond position where the client will be subject to the fraction of the quarterly fee for which they have held the bond. 


From 1st January 2015

Custody fees for stocks, ETFs/ETCs and bonds 

For the purpose of ensuring a cost structure that reflects the client's actual usage of the trading platforms, Saxo Capital Markets has decided to implement a new fee structure in 2015.

For accounts with Stocks, ETFs/ETCs or Bond positions, an annual custody fee of 0.12% with a monthly minimum fee of AUD 5 or equivalent will apply. The custody fee will be calculated daily using the end of day values and charged on a monthly basis.

*Australian Securities Exchange (ASX) Stocks are exempted from the below fees. 

 Annual Custody Fee
Monthly Mininum Fee
Stocks0.12%AUD 5
ETFs/ETCs0.12%AUD 5
Bonds0.12%AUD 5


Inactivity Fee

AUD100 is charged to an account where there is no trading activity (minimum of 1 trade executed) for a period of 6 consecutive months (180 days) from the first funding date. This reoccurring fee is charged on a 6 monthly basis continuously, and is only applicable to Classic type accounts.​