Platforms Team
Sales, Products and Platforms, Saxo Bank
27 April 2016
Aggressive new FX MarginsOn 25th April 2016, Saxo Bank introduced lower margins and a simpler margin structure for FX (spot, forwards and options) with marg...
Aggressive new FX Margins
On 25th April 2016, Saxo Bank introduced lower margins and a simpler margin structure for FX (spot, forwards and options) with margin requirements from only 1% for many major FX crosses. You can now trade many of our major FX currency pairs with leverage of up to 100:1
For example, the new default margin requirements for trading EURUSD can be seen below:
Exposure in USD per CCY Pair |
<3 Million |
From 3M to 25M |
From 25M to 50M |
>50 Million |
Margin required | 1% | 2% | 3% | 6% |
See our FX Margin rates
here.
Simplified Margin Structure
On 25th April 2016, we also introduced a new simple margin structure for FX making the margin requirements clearer on every trade where:
- Margin requirements will be independent for each FX cross and not calculated over complex FX exposures
- Margin will be based on a simple tiered structure with incremental margin requirements for each million traded
So for a new EURUSD position of 6M, you will have:
Total Margin required = 1% for the first 3 million + 2% for the second 3 million = 1.5%
More examples
Read more about the new FX Tiered Margining
Read the article on Forex Magnates