With Saxo Capital Markets you are able to leverage your FX positions up to 100:1 (1% margin) on the notional value of the position.
Margin levels will be tiered based on USD notional amounts, the higher the notional amount potentially the higher the margin rate. The tiered margin requirement will be 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:
2,500 EUR (250,000 EUR * 1.10 = 275,000 USD) or (275,000 USD * 1% = 2,750 USD / EUR @ 1.10)
You have deposited 250,000 EUR on your trading account with Saxo Capital Markets. You sell 10M 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 (1% * 3M USD + 2% * 2M USD + 5M USD * 3%) or (30,000 USD + 40,000 USD + 150,000 USD) = (220,000 USD / EUR @ 1.10).
The DEFAULT margin requirements by currency pair can be viewed under Margin & Trading Requirements
under FOREX on the Products page of the website. However, under the “Account” tab in the SaxoTraderGO and “Trading Conditions” in other platforms should be referenced as 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 here
Margin requirements may be changed without prior notice. Saxo reserves the right to increase margin requirements for large position sizes, including client portfolios considered to be of high risk.