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.
| Popular pairs | Minimum spread | Initial margin* |
|---|---|---|
 | 0.9 pips | 3.33% |
 | 1 pip | 4% |
 | 1.2 pips | 4% |
| Popular pairs | Minimum spread | Initial margin* |
|---|---|---|
 | USD 308 | 50% |
 | USD 17.60 | 60% |
 | USD 283 | 50% |
| Popular pairs | Minimum spread | Initial margin when buying a call* |
|---|---|---|
| 5 pips | 3.33% |
| 12 pips | 4% |
 | 300 pips | 7% |
Please note, these prices are indicative and may vary according to your country of residence.
*Initial margin for retail clients. Professional clients can get lower margin requirements.
No exchange fees
No third-party fees
No minimum funding
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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. -
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. -
Comprehensive option chain
Trade directly from the option chain and access real-time data plus crucial metrics like the Greeks and volatilities. -
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 0.016 seconds on market orders (October 2024 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 qualifyWe’re a licensed Danish bank regulated in 15 countries and your deposits are backed by the Danish Guarantee Fund up to EUR 100,000.
Read about us-
Webinars
Regular sessions designed to help you become a better investor -
Real-time news
Daily commentary and in-depth analysis across the global markets available directly in the platform -
Podcasts
A quick way to get up to speed on market news and upcoming risks and opportunities
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 conditionsRollover occurs when you hold a trade open overnight. The position’s value date is moved to the next day, and a daily interest adjustment is applied to cover the cost of holding the position overnight.
Read financing detailsRead 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
Review margin requirements
To start trading forex, first be sure you understand the risks and that you research your investment choices beforehand. Once you have a trading account, you can start researching further and investing in FX. Our website and platform offer expert analysis, news, and more content to help you get started even before you have an account.
To learn about forex in general, the associated risks, and why forex can be a strategic trading product, you can check out our forex deep dive.
There are benefits to trading FX that could enhance your portfolio, depending on your goals. Forex trading allows you to speculate on currency price movements and access the world's largest and most liquid financial market. It offers opportunities in both rising and falling markets, but it can be highly volatile and trading with leverage increases risk, so be sure to assess your risk tolerance.
With a Saxo account, you can trade currencies as spot, options, swaps, and forwards. You can check out our forex offering in our trading platform before even creating an account.
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.