CFD Trading with Leverage

Trading With Leverage

CFDs are traded on margin. This means that you are able to leverage your investment by opening positions of larger size than the funds you have to place as margin collateral.

The margin is the amount reserved on your trading account to cover any potential losses from an open CFD position. It is possible that a loss may exceed the required margin.

Margin requirements vary from instrument to instrument and can be changed at any time to reflect market conditions. For larger re-ratings or changing of margin requirements for very popular instruments clients will be notified in advance where possible.

Margin requirements by CFD type and instrument are always listed under the CFD Trading Conditions on the trading platforms but can also be seen below.

Please note that Saxo Bank reserves the right to increase margin requirements for large position sizes, including client portfolios considered to be of very high risk.

Index Tracker CFDs

Index-tracking CFD contract details (continuous)

Index T​rackerMarginLeverage
AUS Australia 2002%50:1
beBelgium 205%20:1
dkDenmark 205%20:1
euEU Stocks 504%25​:1
frFrance 403%33:1
gerGermany 303%33:1
gerGermany Mid-Cap 505%20:1
gerGermany Tech 305%20:1
hkHong Kong5%20:1
itItaly 405%20:1
jpJapan 2253%33:1
nlNetherlands 253%33:1
noNorway 255%20:1
prPortugal 2010%10:1
zaSouth Africa 4010%10:1
esSpain 355%20:1
seSweden 305%20:1
swSwitzerland 204%25:1
ukUK 1002%50:1
ukUK Mid 2505%20:1
usaUS 30 Wall Street2%50:1
usaUS 5002%50:1
usaUS Tech 100 NAS2%50:1


Index-tracking CFD contract details (expiring)

Index TrackerMarginLeverage
cnChina 5010%10:1
inIndia 5010%10:1
sgSingapore10%10:1
twTaiwan10%10:1
usaUS20005%20:1
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Single Stock CFDs

​We have sorted our more than 8,800 online tradable CFDs in 8 different margin groups.

Which margin group a CFD falls into depends on the market capitalisation, liquidity and volatility of the underlying asset.

The leverage available on Single Stock CFDs begin at 10:1 which corresponds to only 10%margin.

RatingMargin requirement
110%
220%
340%
480%
5100%
​ ​

Find your local stock in the link below and see what Margin Rating it has.

View individual Single Stock CFD margins

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Commodity CFDs

​​Instrument NameSymbol​Margin Requirement​Leverage
META​LS
Gold​GOLD​4%2​5:1
Silver​SILVER​8%12.5:1
Platinum​PLATINUM​8%12.5:1
Palladium​PALLADIUM​8%12.5:1
US Copper​COPPERUS​4%25:1
ENERGY
US Crude​OILUS​5%20:1
UK Crude​OILUK​4%25:1
Heating Oil​HEATINGOIL​4%25:1
Gasoline US​GASOLINEUS​4%25:1
Gas OilGASOLINEUK​2%50:1
US Natural Gas​NATGAS​8%12.5:1
CO2 Emissions​EMISSIONS​8%12.5:1
AGRICULTURE
Corn​CORN​5%20:1
Wheat​WHEAT​5%20:1
Soybeans​SOYBEANS​5%20:1
SOFTS
NY Sugar No. 11​SUGARNY​5%​20:1
NY Coffee​COFFEE​5%20:1
NY Cocoa​COCOA​5%20:1
​​MEATS
Live Cattle​LIVECATTLE​​5%20:1
FND= First Notice; LTD= Last trading
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Bond CFDs

The leverage available for Bond CFDs is up to 50:1, equal to just 2% in margin.

​Leverage​Margin Requirem​​ent​Product/Instrument
50:1 2%​​​German Government 5 year Bobl
German Government 2 year S​chatz
​50:1 ​2% ​German Government 10 year Bund
​50:1 2%French Government 10 year OAT
​50:1 ​2%​Italian Government 10 year BTP

Forex CFDs

The leverage available for Forex CFDs is 50:1 equal to just 2% in margin.

Instrument NameSymbolMargin RequirementLeverage
​​CURRENCIES
Euro /
US Dolla​r
EURUSDEC2%​50:1
Euro /
Japanese Yen
EURJPYRY4%25:1
Euro /
Swiss Franc
EURCHFRF4%25:1
Euro /
British Pound
EURGBPRP2%50:1
British Pound /
US Dollar
GBPUSDBP2%50:1
Australian Dollar /
US Dollar
AUDUSDAD2%50:1
USD IndexUSDINDEX2%50:1
FND= First Notice
LTD = Last trading

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ETF / ETC CFDs

See under 'Single Stock CFDs'.

Risk Warning

Margin Trading carries a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors.

Ensure you fully understand the risks involved and seek independent advice if necessary.

See our Risk Warning.
Updated 31 May, 2016

Productrisico

Deense banken zijn verplicht om beleggingsproducten die worden aangeboden aan consumenten, te categoriseren aan de hand van hun complexiteit en risico als: groen, geel of rood.

Een CFDs wordt gecategoriseerd als rood product omdat het wordt beschouwd als een beleggingsproduct met een hoge complexiteit en een hoog risico. Bekijk ook de Productrisicocategorisatie die u vindt onder onze Algemene zakelijke voorwaarden.

Algemene zakelijke voorwaarden