Brokerage fees - ProRealTime Trading with Saxo

Futures

Options

Stocks, ETFs

Forex

• Trade on the unmodified Bid / Ask with no added spread
• Brokerage fees billed separately from your transactions with no added spread
• Free access to Forex real-time data including tick volume
• Choose your lot size — starting at only 1 K

Crypto Forex *

• Trade on the unmodified Bid / Ask with no added spread
• Brokerage fees billed separately from your transactions with no added spread
• Fractional trading supported (minimum trade size: 0.01 BTC / 0.1 ETH / 1 LTC)

Precious metals spot trading

Platform fees & platform rebates

When you place orders with the ProRealTime platform, you get a platform rebate for each executed order or contract.

The platform rebates are deduced from your monthly subscription to the ProRealTime platform.

1st and 2nd calendar months	ProRealTime platform FREE
3rd month and beyond	Platform fee Rebates from executed orders Get your platform for free or at a reduced price

Notes:

• The trading platform rebates from orders executed the previous month are deducted from the price of your trading platform for the following month and are only available with monthly recurring subscription plans.
• In a given month, if the amount of the rebate is greater than the cost of your next monthly trading platform subscription price, the balance is carried forward to the following months with a maximum possible credit of 200 € for Complete workstation subscribers, and 2,000 € for Premium workstation subscribers. After a period of 6 months without any executed order through the ProRealTime Trading platform, any potential credited amount is lost.
• The trading platform rebates and possible credited amounts can only be used in deduction of your ProRealTime software subscription.
• If your trading platform subscription payment is in USD, the rebates will be converted from EUR to USD at the rate on the day the rebate is used.
• Only the orders you place through the ProRealTime platform or ProRealTime mobile platform are eligible to give workstation rebates when executed.

Other fees

Currency conversion fees

Currency conversions are executed using the FX spot mid-price at the time of the conversion, plus/minus the fee indicated below.

Automatic currency conversions will occur when you trade an instrument in a currency that differs from your base currency (for example when: buying/selling stocks, closing a position with gains/losses, paying/receiving options premium, ...).

Note that if you regularly trade instruments in a currency that differs from your base currency, you can open a sub-account in that currency to trade those instruments. This way you can avoid paying conversion fees on these transactions.

	Fee
Currency conversion	0.5 % of converted amount

Forex and metals financing fees

Open positions held at the end of a trading day are rolled forward to the next available business day.

The rollover is made up of two components; the Tom/Next swap points (Forward Price) and the Financing of unrealised profit/loss (Financing Interest).

• Tom/Next swap points (Forward Price): The swap points used are calculated using market swap prices from Tier-1 banks, plus/minus a mark-up indicated below on the Tom/Next interest swap rates. The final rate is used to adjust the opening price of the position.
• Financing of unrealised profit/loss (Financing Interest): Any unrealised profit/loss on positions that are rolled from one day to the next are subject to an interest credit or debit. The rate is calculated based on the daily market overnight interest rates plus/minus a mark-up indicated below. The final rate is used to adjust the opening price of the position.

	Fee
Tom/Next Swap Points (Forward Price)	+/- 0.45 %
Tom/Next Swap Points (Forward Price) - Crypto FX	+/- 2.7 %
Financing of unrealised profit/loss	+/- 2.75 %
Financing of unrealised profit/loss - Crypto FX	+/- 2.75 %

Notes :

• The global market convention is that the value date rolls forward at 17.00 Eastern Standard Time, however there are exceptions to this rule e.g. NZD, which rolls forward at 07.00 New Zealand Daylight Time.
• An additional +/- 0.30% mark-up is applied to Mexican Peso (MXN), Turkish Lira (TRY) and South African Rand (ZAR) currency crosses.
• Historical swap points are available on the Saxo website here.

Credit and debit interests

Interest on your main account is calculated on the Net Free Equity.

Interest on sub-accounts is calculated on the Account Value.

Since the Net Free Equity is calculated on open trade positions on all your accounts, it is important to make sure that sufficient cash is available on your main account. Otherwise, you risk being subject to a debit interest on your main account.

Net Free Equity is:

• value dated cash balance of your main trading account
• Plus or minus any unrealised profits or losses from open CFDs, FX Forwards and Futures on your main trading account
• Plus the market value of any FX Options on your main trading account
• Minus any margin required for financing open positions on your main trading account and sub-accounts

Interest will be calculated daily and settled monthly - within seven business days after the end of each calendar month.

Credit interests for currencies with positive rates

For positive Net Free Equity, the interest will be the highest of either: the market bid rates minus the markdown or zero. Interest will be paid on the full amount, if Account Values/Net Free Equity is above threshold.

	Standard	Active	Trader
Net Free Equity above USD (or equivalent)	50,000	0	0
Credit interests	Market rate -3%	Market rate -2%	Market rate -1%

Debit interests

The following Debit interests apply in case of negative Account Values/Net Free Equity.

The interest will be the highest of either: the market rates plus the markup below or the markup below.

	Standard	Active	Trader
Debit interests for negative Account Values/Net Free Equity	Market rate +8%	Market rate +7%	Market rate +6%

Manual order fee

Clients placing orders over the phone, chat or email will be subject to a manual order fee of EUR 50 per order. Certain products that cannot be traded on the platform may be exempt.

Miscellaneous

• Split Orders: In case an order regarding a security is split, and filled partially over a period of more than one day, the total trading costs may increase. The reason for such increase is that the minimum fee may be charged more than one time based on the number of days necessary for the total execution of the order.
• Physical delivery Futures: Taking or making physical delivery in an underlying asset is not offered. If futures positions are not closed before the relevant date (day before the "first notice date" or expiry date), Saxo will close the position on your behalf at the first available opportunity at the prevailing market rate, which will incur additional charges.
• Reporting fee: a fee of USD 50 – or the equivalent amount in the account currency – will be charged when client requests online reports to be delivered by email. This fee will also apply for third-party requests for reports from, for example, auditors.
• Proxy voting service fee: A proxy voting service fee of 30 EUR (excl. VAT) per quarter will be charged to clients who subscribe to Saxo Bank's meeting services. In addition, a 5 EUR (excl. VAT) per vote fee will be levied for every vote or change to a vote.
• 1042-s form: you can request forms 1042-S, however a 1 000 EUR handling fee per income may apply. Contact Saxo to learn more.

Custody & carrying fees

For accounts with stock or ETFs/ETCs positions the custody fees below apply. The custody fee will be calculated daily using the end of day values and charged on a monthly basis. Regional differences may apply.

Positions held overnight in Listed Futures, CFD Futures, and short Listed Options will be subject to a carrying cost. The carrying cost is calculated on the basis of the daily margin requirement and applied when a position is held overnight. It is charged at the end of each month.

The carrying cost is based on the relevant Interbank-rate (floored at 0%) plus the rate (in percentage) from the table below:
Carrying Cost = Margin requirement x Days held x (Interbank rate + rate below) / (360 days)

	Standard	Active	Trader
Stocks and ETFs/ETCs	0.12 % per year min. 5€/month	Free	Free
Futures	3.5 % of margin requirement per year	1.5 % of margin requirement per year	0.5 % of margin requirement per year
Short listed Options	3.5 % of margin requirement per year	1.5 % of margin requirement per year	0.5 % of margin requirement per year

Please note VAT applies in addition to the custody fee.

Learn more

Italian Financial Transaction Tax for derivatives

The tax applies on Buys and Sells of all Italian Derivatives whose underlying assets are equity instruments issued by Italian companies, regardless of the client's country of residence.

Transaction value (Euros)	0-2.5k	2.5-5k	5-10k	10-50k	50-100k	100-500k	500-1,000k	Over 1,000k
Futures and Options	0.004 %	0.008 %	0.015 %	0.075 %	0.15 %	0.75 %	1.5 %	3 %

Other financial instruments

Some financial instruments available for trading with Saxo are not available for trading through the ProRealTime platform. Those markets can be traded with the Saxo trading platforms. Note however that those platforms are external to ProRealTime. Click here to check the trading fees that apply for those additional markets.

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All the fees indicated on this page are paid directly to the broker from your trading account and include ProRealTime's commission. ProRealTime's commission are displayed in the reporting section of your Saxo account under 'Partner Commissions'. The fees are the same for orders transmitted via ProRealTime's platform or via Saxo's platforms. For more information, contact us.