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Trade forex on an award-winning platform

Access 185+ Forex pairs across majors, minors and exotics, crypto, plus spot metals, from only 0.6 pips

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This is what you should know about forex

Forex, or FX, involves trading one currency, such as the US dollar or Euro, for another at an agreed exchange rate. The forex market is the world’s largest market with round-the-clock trading and is highly speculative.

Forex products are complex instruments and come with a high risk of losing money rapidly due to leverage64% of retail investor accounts lose money when trading forex with this provider. You should consider whether you understand how forex trading works and whether you can afford to take the high risk of losing your money.

Read more about forex trading risks.

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Why trade Forex with Saxo Bank

  • Ultra-competitive FX spreads
    Trade major Forex pairs from 0.6 pips. Competitive entry prices and even lower rates for active traders.
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  • Best-in-class execution
    Tier-1 liquidity gives higher fill-rates, fewer premature stop-outs and significant price improvements.
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  • Award-winning platform
    Benefit from integrated Trade Signals, news feeds and innovative risk-management features.
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  • Expert service, trusted for 30 years
    With 1,200,000+ satisfied customers, Saxo Bank offers world-class service around the clock.
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    Tight, all-inclusive FX spreads

    We offer three levels of pricing depending on your account tier.

    ForexClassicPlatinumVIP
    Forex

     

    The prices above are indicative minimum spreads and will vary according to the country of residency. To see live and historical spreads please click here. A full overview of exact pricing is available through the platform trade tickets. 

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    Ways to trade FX pairs with Saxo

    Trade forex flexibly on the spot or deriviatives markets.

    • Icon FX small
      Spot FX
      Buy and sell 185+ currency pairs at their current prices.
    • cfx
      Crypto FX
      Gain exposure to leading cryptocurrencies by trading them against major currencies. Read more here.
    • Icon FXO Small 2
      FX options
      Anticipate future prices with maturities from one day to 12 months. Read more here.
    • Icon FX Swaps
      FX swaps
      Speculate on FX prices while hedging your exposure.

    Best-in-class forex execution

    Access Tier-1 liquidity to receive higher fill-rates, fewer premature stop-outs and significant price improvements.

    • Tier 1 liquidity
      To provide you with the best price possible, we derive our prices from a broad range of Tier 1 institutions. These include banks, ECNs and market-making firms with unique liquidity.
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    • Fewer premature stop-outs
      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.
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    • Significant price improvements
      Our fully customised orders offer you greater control over your trading. With no asymmetric slippage, you could benefit from significant price improvements on every trade.
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    • Full transparency of execution statistics
      We fully disclose our dealing practices and never trade against you in the market. Our commitment to transparency shows that our interests are aligned with yours.
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      Trade Forex on our award-winning trading platform

      SaxoTraderGO is our powerful yet easy-to-use platform. Trade from PC, Mac, tablet or smartphone.

      Effective trading tools

      Access comprehensive graphs with more than 50 technical indicators and innovative risk management tools.

      Trade 185+ Forex spot pairs and 140+ forwards

      Access 71,000+ instruments. Trade FX, FX options, CFDs, stocks, ETFs, futures, listed options and bonds from a single cross-margin, multi-currency account.

      More information

      Our initial margin rates start at 3.33% for major FX pairs including EURUSD, USDJPY, USDCAD, EURJPY and more. If you qualify as an Elective Professional client, our initial margin rates start at 1.5% for major FX pairs.

      See a full list of our FX margin rates for Retail clients as well as our FX margin rates for Elective Professional clients.

      Read more about FX margins for Retail clients here or FX margins for Professionals here.

      You can find more information about the FX value date rollover, rollover procedure and historic swap points here

      Both our SaxoTraderGO and SaxoTraderPRO platforms offer you a fast and intuitive forex trading experience.

      However, if you’d like some help getting started, we’ve put together a short guide on how to trade forex on SaxoTraderGO, which highlights the key features you’ll need.

      Derive the value of potential price improvements on every trade. Assume greater control of your trading, and achieve an optimal balance between fill ratio and price level through our fully customised orders.

      Saxo offer a variety of orders, including Market, Limit and Stop orders. To learn more please see Orders and Execution Statistics.

      To learn more about how Saxo executes orders on behalf of its clients, please refer to our Order Execution Policy.

      Whereas the FX spot market is for immediate currency trades, the FX forward market is the market for trading currencies for delivery at some point in the future. FX forward outrights enable you to agree a price today (the FX forward price) at which two currencies will be exchanged on a predetermined date in the future. FX swaps likewise enable you to agree a price today at which two transactions will be executed. An FX swap is a simultaneous purchase and sale, or vice versa, of one currency for another currency with two different value dates; two parties agree upon a currency exchange on one day and simultaneously agree to unwind or reverse that transaction on a specified date in the future.

      At Saxo, we provide full electronic access to trade FX forward outrights and FX swaps in 140+ currency pairs with maturities from 1 day to 12 months.

      To understand the FX forward outright trading conditions please click here.

      For more information on FX swaps please click here

      Find more information about our general charges and fees here.

      A ticket fee is charged on FX trades below the Commission Threshold. You can find the Commission Threshold for each currency pair here. The ticket fee for respective FX pairs can be found in the Trading Conditions on the platform under Trading rates

      You can review our trading conditions for Forex here.

      Relation manager on phone
      expert service

      24-hour expert service

      Whether you’re a high- or low-volume trader, you’ll receive first-class support tailored to your needs.

      Integrated digital support
      Access our self-service support centre, email helpdesk and a range of educational courses.

      24-hour customer service
      Get support for technical matters and account queries whenever markets are open.

      Relationship managers and sales traders
      Active traders benefit from a dedicated point of contact and access to our world-class trading experts.

      Exclusive VIP services
      Receive our very best prices, priority support and exclusive event invitations.

      Trust

      Trusted for more than 30 years

      Fully regulated
      We adhere to the strictest regulatory standards, and are fully licensed and regulated in 15 jurisdictions across Europe, the Middle East and Asia.

      Financial strength
      We’re a financially stable company with a robust balance sheet. We serve clients in 170 countries, hold 115+ bn USD in AUM and process 1m transactions daily.

      Multi-award winner
      We’ve been consistently recognised by our industry and have won the highest accolades for our products, platform and service.

      Ready to get started?

      Open a Saxo account in just a few steps and gain access to all asset classes


      Saxo Bank A/S (Headquarters)
      Philip Heymans Alle 15
      2900
      Hellerup
      Denmark

      Contact Saxo

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      Trade responsibly
      All trading carries risk. Read more. 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

      This website can be accessed worldwide however the information on the website is related to Saxo Bank A/S and is not specific to any entity of Saxo Bank Group. All clients will directly engage with Saxo Bank A/S and all client agreements will be entered into with Saxo Bank A/S and thus governed by Danish Law.

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