Saxo Bank reduces FX trading costs by up to 50%

Saxo Bank, the online trading and investment specialist, has today announced the launch of a new pricing structure which reduces the FX trading costs by up to 50% and provides the opportunity to trade stocks for as low as 6 US dollars per trade.

The revised pricing structure is aimed at servicing the demands of the company’s growing number of highly active traders and ensuring transparency of pricing. Effective immediately, EUR/USD FX trades will be as low as 0.2 pips. FX clients will also be able to choose their own price plan which best suits their trading needs, and lowers the overall cost per trade.  

Meanwhile, equities traders who execute 100 trades or more per calendar month on Stocks, ETFs and Single Stock CFDs will qualify for an Active Pricing Plan which provides access to competitive rates. Traders can choose from 19,000 global stocks on 36 world exchanges in the US, Europe and Asia.  With Saxo Bank’s award-winning, multi-asset platform, clients can trade any of 30,000 instruments across FX, CFDs, Futures, Options and Stocks. 

Commenting on the new pricing structure, Fadi Mehdi, Head of Saxo Bank A/S - Abu Dhabi Representative Office, said: “It has been a period of great change in the trading industry and we are seeing these changes play out online in the growth of online traders as a whole, but also in their changing needs.  Many of our traders are high volume or highly active and our new pricing structure means that Saxo Bank’s clients who trade the most are able to get access to the best pricing available alongside full transparency.” 

Clients can now also access historic and live spreads to help them make an informed decision as to which of the three FX price plans to trade with: 

1. “FX All-Inclusive Price Plan” – which provides consistency in spread width and no volume-based commission
2. “FX Volume Price Plan” – tighter spreads with per trade commission payments depending on the volume clients expect to trade, and three tiers to choose from with spreads as low as 0.2 pips
3. Bespoke pricing plans – individual plans can also be provided on a bespoke basis for clients with specialist needs 

“The Saxo experience has been at the core of our business for over 20 years and it is this commitment to the provision of superior platforms, performance and products that has led us to  develop our the new pricing structure. Not only are we empowering our clients by making it possible for them to choose their own unique choice of price plan, but new functionality allows clients to make informed decisions with full transparency on historic and live spreads,” said Fadi.