Trade options

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Options from 20+ exchanges across the US, Europe, and Asia-Pacific

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Commissions on European contracts from just EUR 0.75

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Broker trusted by 1 million+ clients globally 

Option commissions

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Popular instrumentsCommission
Nvidia
USD 2
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GBP 3
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Please note, these commissions are indicative and may vary according to your country of residence.
No minimum funding

Trading platform features

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  • Efficient trade ticket

    Get fast execution in our optimised trade ticket with key info included like real-time pricing, Greeks, and implied volatility. 
  • Multi-leg option strategies

    Place orders to buy and/or sell different options from the same order ticket with pre-filled strategies such as straddle, ratio spreads, and iron condor.
  • Customisable option chain

    Trade directly from the option chain and access real-time data plus crucial metrics like the Greeks and volatilities. Customise your view with filters, saved layouts, and more.
  • Analytical tools

    Get comprehensive options-trading insights with our probability envelope, 3D volatility chart, at the money forward curve, and other helpful tools.
  • Risk graph

    Manage your risk effectively with the risk graph (payoff diagram) to see potential outcomes of your trading strategy in a clear, visual way.  
  • Demo account

    Sign up for a 20-day demo account to try out trading options in our platform with a simulated USD 100,000.

More reasons to trade options with Saxo

To avoid extra conversion fees, choose from 24 different currencies and open up to 4 currency sub-accounts. The available currencies and number of sub-accounts that can be opened depend on your account type and country of residence.

Contact us to learn more

Qualify for lower fees and better service when you make more trades or increase your account value. Read more details about account tiers to find out different ways to earn points. 

Learn about account tiers

Based on the strategy you choose, options can help you hedge your stock portfolio, generate extra income, or do volatility play.

Strategies you can use:
  • Buying call or long call
  • Bear put spread
  • Bull call spread
  • Covered calls
  • Long put
  • Long straddle
  • Long strangle
  • Naked call writing
  • Risk reversal
  • Uncovered put write
  • Short straddle
  • Short strangle
Read about each strategy

If you are eligible for a professional account, you can take advantage of our portfolio-based margin model and waive certain protections to have greater trading flexibility.

See how to qualify

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

Options 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

Yes, portfolio-based margin is available for professional clients, a model which calculates the overall risk of your portfolio, rather than individual positions. This method can lower margin requirements, enabling more efficient capital utilisation and better risk management.

Learn about portfolio-based margin

Before investing in options, you’ll want to do some research and consider your goals. As with any investment, there are risks that you should be sure to understand before you trade options. Our website and platform offer expert analysis, news, and more content to help you get started.

To learn about options in general, what a put option and call option is, the associated risks, and why they can be a strategic trading product, you can check out our options deep dive.

Read our options deep dive

There are many reasons to invest in options; they provide flexibility to hedge, speculate, or enhance returns by allowing you to buy or sell assets at predetermined prices. Compared with stocks, options provide this flexibility with less required capital due to leverage. However, options also come with higher complexity and potential for loss.

With a trading account, you can choose from over 3,100 options to fit your trading strategy. You can always check out our trading platform ahead of time and get familiar with the expert content, news, and more so you’re ready to start trading once you have an account.

Explore our platform

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.

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

Ready to start trading?

Join the broker trusted by more than 1 million clients worldwide

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

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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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