Trade forex

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Trade major FX pairs  from 0.6 pips

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Negative balance protection  

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TradingView, Multicharts and more third-party tools available for free

Forex spreads and margin

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Popular pairsMinimum spreadInitial margin*
GBPUSD
0.8 pip4%
EURUSD
0.7 pips3.33%
USDJPY
0.9 pips4%

Please note, these fees are indicative and may vary according to your country of residence.
*Initial margin for retail clients. Professional clients can get lower margin requirements.

No third-party fees
No minimum funding

Trading platform features

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  • Technical analysis and advanced charting tools

    Get integrated trade signals plus 85+ technical indicators, annotation and drawing tools, and quick trading straight from the chart.
  • Comprehensive option chain

    Trade directly from the option chain and access real-time data plus crucial metrics like the Greeks and volatilities.
  • Efficient trade ticket

    Trade in fewer clicks with our optimised trade ticket designed for speed while providing all the info you need in the ticket itself.
  • Extensive risk management tools

    Use stop-limit orders, trailing stops, account-wide stop loss, cancel all orders, margin monitoring, FX exposure reports, and more to help manage your risk.
  • Third-party tools and APIs

    Tailor your setup with OpenAPI, FIX API, and plugins, including TradingView and MultiCharts. 

More reasons to trade FX with Saxo

With Saxo, you’ll get an average execution speed of 0.012 seconds on market orders (March 2025 statistics) and no asymmetric slippage. Our fully customised orders offer you potential price improvements on every trade and an optimal balance between fill ratio and price level.

To protect you from being stopped out early, we trigger stop orders on the opposite side of the spread, based on a neutral price from a primary inter-bank venue.

We fully disclose our dealing practices and never trade against you in the market. 

See our monthly order execution statistics

Retail FX traders covered by ESMA regulation are eligible for negative balance protection, which prevents you from losing more money than what’s in your account.

Contact us to learn more

With tiered margin, the average margin requirement (“blended margin requirement”) increases with the level of exposure. As the level of exposure decreases, the margin requirement also decreases.

We use a tiered margin methodology for FX spot, forwards, and FX options.

See margin requirements

If you are eligible for a professional account, you can take advantage of better margin rates and waive certain protections to have greater trading flexibility.

See how to qualify

You can connect to our stable, fast, flexible, and fully documented infrastructure. Tailor your setup with OpenAPI, FIX API, and plugins, including TradingView and MultiCharts. 

Explore ways to connect

We offer professional support, technical assistance, and market analysis whenever markets are open from offices in major financial hubs. 

See our contact details

Sharpen your strategy with curated insights

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  • Webinars

    Regular sessions designed to help you become a better investor
    Sign up for webinars
  • Real-time news

    Daily commentary and in-depth analysis across the global markets available directly in the platform
    Check the news
  • Podcasts

    A quick way to get up to speed on market news and upcoming risks and opportunities
    Listen to the latest episodes

Forex trading FAQs

On our trading conditions page you can find information about market orders, order routing, exchange- and market-specific conditions, corporate actions, and more.

See trading conditions
Read our margin information page to find out more about initial and maintenance margin. You can also find details about professional margin rates and how to qualify. 

Review margin requirements

We’re a regulated Danish bank. This means we’re under the supervision of the Danish FSA and comply with stringent reporting requirements and client management regulations.

Your funds are protected via the Danish Guarantee Fund up to EUR 100,000.

Your securities are also protected by the Danish Guarantee Fund. Generally, securities would be returned to you in cases like suspension of payment or compulsory winding up. If we’re unable to return them, they are covered up to EUR 20,000 per client.

See investment protection details

We offer you greater control of your trading via our fully customised orders.

See our published FX order execution statistics by month for our most traded FX spot currency pairs.

Our policy is designed to ensure client orders are executed promptly, efficiently, and with the best possible terms.

Read our order execution policy

That depends on the account type you open.

For an individual account, these are the documents you’ll need to provide:

  1. Your national ID number from the country where you hold citizenship.
  2. Your tax ID number from your country of residence.
  3. A document as proof of identity (e.g., a passport, ID card, driver’s licence) and a selfie.
  4. A document as proof of residence (one that shows your home address, such as a residence permit, utility bill, or bank statement).

Most sign-ups for individual accounts are approved digitally within a few minutes. However, since we cannot compromise on security checks, the process can sometimes take longer. If all documents you provided meet requirements, we’ll process your application within 2 working days.

If you provide clear copies of all required documents, corporate accounts will generally be approved in about 1 week.

Open an account

Get the widest range of products in a single account

Join our 1 million+ clients trading cash and margin products in one powerful account.

Saxo
40 Bank Street, 26th floor
E14 5DA
London
United Kingdom

Contact Saxo

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United Kingdom
United Kingdom

Trade Responsibly
All trading carries risk. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more
Additional Key Information Documents are available in our trading platform.

Saxo is a registered Trading Name of Saxo Capital Markets UK Ltd (‘Saxo’). Saxo is authorised and regulated by the Financial Conduct Authority, Firm Reference Number 551422. Registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA. Company number 7413871. Registered in England & Wales.

This website, including the information and materials contained in it, are not directed at, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in the United States, Belgium or any other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation.

It is important that you understand that with investments, your capital is at risk. Past performance is not a guide to future performance. It is your responsibility to ensure that you make an informed decision about whether or not to invest with us. If you are still unsure if investing is right for you, please seek independent advice. Saxo assumes no liability for any loss sustained from trading in accordance with a recommendation.

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©   since 1992