Know before you trade CFDs
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFD stands for Contracts for Difference. CFDs are financial derivative products used to speculate on the price movements of underlying assets such as stocks, indices, currencies, and commodities.
Read more about CFD trading risks
| Popular instruments | Minimum spread | Initial margin* as low as |
|---|---|---|
 | USD 0.70 | 5% |
| USD 1 | 5% |
 | EUR 1.50 | 5% |
| Popular exchanges | Commission | Initial margin* as low as |
|---|---|---|
| USD 0.02/share min. USD 4 | 20% |
| USD 0.02/share min. USD 4 | 20% |
| 0.1% min. EUR 4 | 20% |
| Popular instruments | Minimum spread | Initial margin* as low as |
|---|---|---|
| Gold, continuous | USD 0.60 | 5% |
| Silver, continuous | USD 3.50 | 5% |
| US Crude, continuous | USD 0.05 | 10% |
| Popular instruments | Minimum spread | Initial margin* as low as |
|---|---|---|
| USD 0.06 | 20% |
| EUR 0.03 | 20% |
| EUR 0.03 | 20% |
Ways to optimise returns
Qualify for lower fees and better service when you increase your account value.
Learn about account tiersChoose from 24 different currencies* and benefit from low conversion fees by adding currency sub-accounts to your main Saxo account.
Depending on your account type and country of residence, you can open up to 4 sub-accounts.
*Availability depends on your country of residence
You have a 23-hour trading window when you trade US500, USNAS100, and US30.
In this way, we align with global market operations and offer you flexibility, access to markets across different time zones and around the clock, and efficient risk management and price discovery.
You can trade most of our index CFDs with fractional amounts as low as 0.01 contracts or even define your quantity as a specific trading amount.
Check if a CFD index tracker is available for fractional trading in the individual instrument’s trading conditions.
Place market, limit, stop, and algo orders with advanced options for duration and associated order properties, depending on the products you’re trading—giving you more control, flexibility, and precision when investing.
Learn about order types More reasons to trade CFDs with us
We offer optimised margin requirements. 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.
See margin requirementsYou 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 connectGet optimised execution rates and fill ratios using smart order routing (SOR) rather than payment for order flow (PFOF).
See why we don’t use PFOFRetail clients covered by ESMA regulation are eligible for negative balance protection, which prevents you from losing more money than what’s in your account. This applies to CFD and forex trading.
All clients can benefit from another tool we offer to help minimise your losses: stop-loss orders. Set a price at a specific distance below the current market price where we will automatically close your position.
Our transparency around margin requirements and costs of keeping positions open help you effectively manage your risk.
We make it even easier with helpful features like quick closing of positions, take profit and trailing stop-loss orders, the Margin monitor, and more.
We’re a licensed Danish bank regulated in 15 countries and your deposits are backed by the Danish Guarantee Fund.
Read about usCFD 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 conditionsWe offer pre-market and after-hours trading access to the major US exchanges, including New York Stock Exchange, Nasdaq, American Stock Exchange, and Bats BZX.
Most stocks listed on these exchanges are eligible for pre-market and after-hours trading; however, availability is determined by order volume.
You should also be aware that trading pre-market and after-hours comes with additional volatility and larger price movements for many securities, in part due to lower liquidity in the market.
That depends on the account type you open.
For an individual account, these are the documents you’ll need to provide:
It depends of the type of account you’re opening. Here’s how long it takes to open some of our most popular account types:
