Popular pairs | Minimum spread | Initial margin* |
---|---|---|
0.8 pip | 4% | |
0.7 pips | 3.33% | |
0.9 pips | 4% |
Popular pairs | Minimum spread | Initial margin when buying a call* |
---|---|---|
8 pips | 3.33% | |
6 pips | 4% | |
180 pips | 7% |
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.
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.
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 moreWith 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.
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 qualifyYou 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 connectWe offer professional support, technical assistance, and market analysis whenever markets are open from offices in major financial hubs.
See our contact detailsForex 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 conditionsReview 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.
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.
That depends on the account type you open.
For an individual account, these are the documents you’ll need to provide:
- Your national ID number from the country where you hold citizenship.
- Your tax ID number from your country of residence.
- A document as proof of identity (e.g., a passport, ID card, driver’s licence) and a selfie.
- 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.