Saxo Australia offers FX Vanilla Options.
FX Options can be traded from the Trade Ticket or from Option Chain.
FX Vanilla Options
A Vanilla Option is a derivative financial instrument that gives the buyer the right, but not the obligation, to either buy (Call) or sell (put) a predefined notional amount of a currency cross at a pre-defined price (Strike price) at a predefined date in the future (Expiry date). The seller of the option has a corresponding obligation to fulfill the transaction should the buyer decide to exercise his right.
We do not provide FX Touch Options.
Please note that short positions in options carry more risk than long positions as the potential loss could amount to the total payout, whereas in the case of a long position, the potential loss is limited to the premium paid.
Please visit our website to learn more about FX Options trading.
If you want to trade FX related products and cannot find them, please check if you have enabled them from Platform Settings > Trading products. More info, please refer to this article.