CFDs

Find details on Saxo’s CFD product universe, trading conditions and other operational services.

Prices to institutional clients are negotiable and dependant on volumes. Contact us to find out more.

CFDs are available on multiple assets:

  • Stock Indices CFDs - on 22 leading stock indices

  • Single Stock CFD & ETF CFDs  - [No Resource] Single Stock CFDs available with live streaming prices from 28 exchanges. Can also be traded on a DMA setup. More than 450 ETF CFDs available
  • Commodity CFDs - on oil, grains, softs,
    energies, gold and other precious metals

  • Forex CFDs - Trade currencies commission free with low collateral requirements

  • Bond CFDs - available on several Government Bonds

Stock Indices CFDs ​​​​​​​​

List of Stock Indices CFDs and Trading Hours

Trading hours are stated in the local hours of the underlying exchange - please note that the Hong Kong trading session has a mid-session break between 12:00-13:00 and the trading session in Japan between 15:20 pm and 16:15 pm. For UK100 there is a trade break from 07:50-08:01.  

Index Tracker Trading Hours *
US US Tech 100 NAS18:01 - 16:00 (22 hrs)
US US 30 Wall Street18:01 - 16:00 (22 hrs)
US US 50018:01 - 16:00 (22 hrs)
Belgium Belgium 2009:10 - 17:25
Denmark Denmark 2009:10 - 16:55
EU EU Stocks 5008:01 - 21:55
France France 4008:01 - 21:55
Germany Germany 3008:01 - 21:55
Germany Germany Mid-Cap 5009:10 - 17:25
Germany Germany Tech 3009:10 - 17:25
Italy Italy 4009:01 - 17:25
Netherlands Netherlands 2508:01 - 21:55
Norway Norway 2509:10 - 16:15
Portugal Portugal 2008:10 - 16:25
South Africa South Africa 4008:31 - 17:25
Spain Spain 3509:01 - 19:55
sweden Sweden 3009:01 - 17:24
Switzerland Switzerland 2008:01 - 21:55
UK UK 10001:01 - 20.55
UK UK Mid 25008:10 - 16.25
Australia Australia 20009:51 - 05:55 3)
Hong Kong Hong Kong09:16 - 22:55 3)
Japan Japan 22508:46 - 02:55 3)
 

Index-tracking CFD contract details (expiring)

 
​Index Tracker Name Trading Hours *
US US2000 20:00-16:00 EST
China China 5009:01 - 01:55
India India 5009:01 - 01:55
Singapore Singapore08:31 - 01:55
Tiawan Taiwan08:46 - 01:55
  

*   Trading hours are stated in the local hours of the underlying exchange - please note that the Hong Kong Index trading session has a mid-session break between 12:00-13:00 and an evening break between 16:10-17:00, the trading session in Japan 225 has a break between 3:20 pm and 4:15 pm and the Australia 200​ there is a break between 16:25 and 17:10.
For CHINA50 there is a mid-session break between 15:55 and 16:41. For INDIA50 there is a mid-session break between 18:05 and 19:16.For SINGAPORE there is a mid-session break between 17:10 and 18:16. For TAIWAN there is a mid-session break between 13:45 and 14:36.

No Minimum Ticket fee

When trading Stock Index Tracker CFDs with Saxo there is no minimum ticket fee charged.

Overnight Financing​

As Index Tracker CFDs at Saxo are margined products, you finance the traded value through an overnight credit/debit charge.If you open and close a CFD position within the same trading day, you are not subject to overnight financing.
 
When you hold an Index Tracker CFD position overnight, your CFD position will consequently be subject to the following credit or debit:
 
Holding Long CFD Stock Index Tracker positions after 17:00 EST (New York time) incurs a financing charge which is calculated as follows:​
Index Value * Number of CFDs * (relevant Inter-Bank Offered Rate + a mark-up) * (Actual Number of Days/360 or Actual Number of Days/365)
 
Holding Short positions after 17:00 EST (New York time) creates a financing credit which is calculated as follows:​
Index Value * Number of CFDs * (relevant Inter-Bank Bid Rate – a mark-down) * (Actual Number of Days/360 or Actual Number of Days/365)
 
If the financing credit is negative it will be debited your account.

No Overnight Financing on US2000 Index Tracker

As the price of the US2000 Index Tracker CFD tracks the price of the underlying Futures Contract no overnight financing apply.

 

Single Stock CFDs and ETF CFDs​

List of Single Stock CFDs 

Click on the button below to see Single Stock CFDs and exchanges.

list of available Single Stocks CFD

Overnight Financing

As Single Stock CFDs at Saxo are a margined product, you finance the traded value through an overnight credit/debit charge.If you open and close a CFD position within the same trading day, you are not subject to overnight financing. 

When you hold a Single Stock CFD position (or an ETF/ETC CFD postion) overnight (i.e. have an open CFD position at close of market on the Stock Exchange, your CFD position will consequently be subject to the following credit or debit:  

When you hold a long CFD position, you are subject to a debit calculated on the basis of the relevant Inter-Bank Offer Rate for the currency in which the underlying share is traded (e.g. LIBOR) plus a mark-up (times Actual Days/360 or Actual Days/365). 

When you hold a short CFD position, you receive a credit calculated on the basis of the relevant Inter-Bank Bid Rate for the currency in which the underlying share is traded (e.g. LIBID) minus a mark-down (times Actual Days/360 or Actual Days/365).  

The credit/debit is calculated on the total nominal value of the underlying Stock(s) at the time the CFD contract is established (whether long or short).  

Should the relevant Inter-Bank Bid Rate minus the mark-down result in a debit as opposed to a credit, then you will pay the finance charge.

Borrowing costs on short overnight positions

A borrowing cost may be applied to short Single Stock CFD positions held overnight. This borrowing cost is dependent on the liquidity of the underlying Stocks and may be zero (0) for high liquidity Stocks.

The specific borrowing rate for a Stock can be seen as the 'Borrowing Rate' under 'Account' > 'Trading Conditions' > 'CFD Stock/Index Instrument List' in the trading platforms. 

When selling a CFD, the borrowing cost for holding the position overnight is shown in the CFD Trade module in the 'Estimated borrowing cost per day' field. 

The borrowing rate will be fixed when the position is opened and will be charged on a monthly basis. Please be aware, that for certain corporate action events, the borrowing rate on the short position may be reset to the current rate in the market, upon the execution of the corporate action.  

​If you open and close a CFD position within the same trading day, you are not subject to borrowing costs.​ 

Live Exchange Data fees

All equities trade on actual market data from the stock exchanges. To receive and trade on real-time market data, you will have to subscribe to the individual exchange.  

A subscription to live price data from an exchange gives you access to live prices on Stocks, Single Stock CFDs, ETFs/ETCs and CFDs on ETFs/ETCs from the particular exchange.

No custody fees

When trading Single Stock CFDs with Saxo you are not charged a custody fee.

Commodity CFDs​

List of Commodity CFDs

When trading Commodity CFDs with Saxo, a commission is not charged, but there is a bid/ask spread included in the price Saxo derives for each CFD.
 
Commodity CFDs are over-the-counter products with a price derived from the Futures market spread plus a fixed mark-up.
 
This derivation means that, whilst the CFD prices track the underlying Futures contract, they are not exactly the same.

 
​Instrument NameSymbol​Trading hours​Expiry date​
METALS​ ​ ​ ​ ​ ​
Gold​GOLD​18:00-17:15 EST​FND -2​
Silver​SILVER​18:00-17:15 EST​FND -2
Platinum​PLATINUM​18:00-13:05 EST​FND -2
Palladium​PALLADIUM​18:00-17:15 EST​FND -2​
US Copper​COPPERUS​18:00-17:15 EST​FND -2​
ENERGY​ ​ ​ ​ ​ ​
US Crude​OILUS​18:00-17:15 EST​LTD -2​
UK Crude​OILUK​01:00-22:15 BST​LTD -2​
Heating Oil​HEATINGOIL​18:00-17:15 EST​LTD -2​
Gasoline US​GASOLINEUS​18:00-17:15 EST​LTD -2​
Gas OilGASOLINEUK​01:00-22:15 BST​LTD -2​
US Natural Gas​NATGAS​18:00-17:15 EST​LTD -2​
CO2 Emissions​EMISSIONS​07:00-17:00 BST​LTD -2​
AGRICULTURE​ ​ ​ ​ ​ ​
Corn​CORN​17:00-14.00 CST​FND -2
Wheat​WHEAT​17:00-14.00 CSTFND -2​
Soybeans​SOYBEANS​17:00-14.00 CSTFND -2
SOFTS​ ​ ​ ​ ​ ​
NY Sugar No. 11​SUGARNY​03:30-14:00 EST​LTD -2​
NY Coffee​COFFEE​03:30-14:00 EST​FND -2
NY Cocoa​COCOA​04:00-14:00 EST​FND -2​
MEATS​ ​ ​ ​ ​ ​
Live Cattle​LIVECATTLE​09:05-13:00 CST​LTD -2​
FND= First Notice
LTD= Last trading

No overnight financing

Trading Commodity CFDs will not incur any overnight financing charges. All costs are factored within the trading spread.

Bond CFDs​​​

List of Bond CFDs

Bond CFDs are over-the-counter products with a price derived from the Futures market plus a fixed mark-up.

 

All trading costs for Bond CFDs are included in a mark-up added to the spread.​​

 

Contract details

​Instrument NameSymbol​Trading hours​

German Government
10 year Bund

BUND08:01-21:55 CET
German Government
5 year Bobl
BOBL08:01-21:55 CET​
German Government
2 year Schatz
SCHATZ08:01-21:55 CET​
Italian Government
10 year BTP
10YBTP08:01-18:55 CET​
French Government
10 year OAT
10YOAT08:01-18:55 CET​
​ ​​

No overnight financing

The swap costs for trading Bond CFDs with Saxo are already included in the price of the underlying Future, hence Bond CFDs positions are not charged overnight financing. 

Forex CFDs​

List of Forex CFDs

Forex CFDs are over-the-counter products with a price derived from the Futures market.

 

All trading costs for Forex CFDs are included in a mark-up added to the spread.

 
​Instrument name​
Symbol​Trading hours​Expiry​Expiry Time​
CURRENCIES​​ ​ ​ ​ ​
Euro / US Dollar​EURUSDEC​17:00-16:00 CST​FND -3​10:00 CST​
Euro / Janapese Yen​EURJPYRY​17:00-16:00 CST​FND -3​10:00 CST​
Euro / Swiss Franc​EURCHFRF​17:00-16:00 CST​FND -3​10:00 CST​
Euro / British Pound​EURGBPRP​17:00-16:00 CST​FND -3​10:00 CST​
British Pound / US Dollar​GBPUSDBP​17:00-6:00 CST​FND -3​10:00 CST​
Australian Dollar / US Dollar​AUDUSDAD​17:00-16:00 CST​FND -3​10:00 CST​
USD Index​USDINDEX​20:00-17:00 EST​LTD -2​11:00 EST​
FND= First Notice
LTD = Last trading 

No overnight financing

The swap costs for trading Forex CFDs with Saxo are already included in the price of the underlying Future, hence FX CFDs positions are not charged overnight financing.