When you try to trade a specific security and you do not have the option to click Buy or Trade in the trading window, it means that we do not offer trading in that particular security. This can be due to various reasons. You will also be able to see the following error message:
The most common reasons for “reduce‑only”
1. Saxo no longer offers trading in the instrument: In some cases, Saxo stops offering new trades in a specific security due to market conditions, liquidity issues, or changes from liquidity providers.
Clients may still sell, but cannot buy more.
2. Regulatory or distribution restrictions: Certain instruments cannot legally be distributed to retail investors in specific countries. These products are automatically restricted to reduce‑only.
3. Market- or issuer‑related events: Events such as corporate actions or changes to the issuer’s status can lead to the product being tradable only for closing existing exposure.
How do I hide instruments that cannot be traded?
If you do not wish to see instruments that are not available for trading, you can hide them on the platform:
- Click on the main menu
> go to Settings > click on Platform settings > Platform & trading > turn off Show non-tradable instruments in platform.
After this, you will only see instruments that can currently be traded.
You can still sell existing positions in a security that can no longer be traded, but you cannot buy additional shares.
Contact us to learn more about why a specific security can no longer be purchased.