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Saxo Bank fees, after the safety questions

Cost is the last thing to weigh when the question is whether your money is safe, so this page comes after the regulation page and reads in that light.

Regulation: Danish FSA; FCA; ASIC; FINMA; MAS; JFSA; SFC Hong Kong; DFSA; AMF/ACPR and other European regulators. How Saxo Bank is regulated

Facts last checked . Read the full Saxo Bank review.

What it costs to trade

Spread from
0.7 pips
EUR/USD spread
Approx. 1.0 pip, Classic
GBP/USD spread
Approx. 1.1 pips, Classic
Commission
$0 on spot forex
All-in cost, EUR/USD
Approx. 1.0 pip
Spread type
Variable
Overnight swap
Both: FX rollover/financing charged or credited
Currency conversion
0.25%

What this means

Cost is the last thing to weigh here, and never the thing that should decide it.

Spreads from 0.7 pips suggest an all-in account, where the broker's fee is built into the price rather than charged separately. There is usually no commission on top, which makes the cost easier to predict.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Saxo Bank lists a minimum deposit of $0. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Questions about Saxo Bank fees

What does Saxo Bank charge to hold a position overnight?

Overnight financing at Saxo Bank is recorded as both: FX rollover/financing charged or credited.

What is the EUR/USD spread at Saxo Bank?

Saxo Bank records an average EUR/USD spread of approx. 1.0 pip, Classic on a variable pricing model.

Does Saxo Bank charge commission?

Saxo Bank's commission is $0 on spot forex. A commission account usually pairs with a tighter spread, so the two have to be read together.

Fees at brokers under the same regulator

More about Saxo Bank