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Important information regarding Crypto FX pairs in LTC (Litecoin) As of Monday 10th of July 2023, Saxo does no longer offer trading of FX pairs that include Litecoin (LTC). If you hold open positions, you have been informed via email and a platform notification about what to do. The trading of FX pairs that include BTC (Bitcoin) and ETH (Ethereum) continues with an update in the trading hours. |
Saxo Markets offers access to crypto through exchange-traded products (ETPs) and a variety of CFDs on Crypto FX pairs e.g. BTCUSD, BTCEUR and ETHJPY.
For a full list of our crypto offering visit: https://www.home.saxo/en-au/products/crypto
Can I trade CFDs on Crypto FX pairs from any platform?
To trade CFDs on crypto FX pairs, use SaxoTraderGO (Desktop and mobile app) or SaxoTraderPRO.
What do I need to do to start trading crypto?
All clients that qualify to trade FX have access to our offering of CFDs on Crypto FX pairs. If you can't find crypto FX instruments on the Saxo platform, it's probably because you don't meet the criteria to trade such products.
Read more here: What is a Client Suitability Assessment?
What are the trading hours for CFDs on Crypto FX pairs?
Trading hours for CFDs on cryptocurrency FX crosses adhere to the trading hours of Crypto Futures offered on the CME exchange.
Trading Hours for BTCUSD, BTCEUR, BTCJPY, ETHUSD, ETHEUR, and ETHJPY are:
| Monday | 17:00 – 15:55 CT (18:00-16:55 EST) |
| Tuesday | 17:00 – 15:55 CT (18:00-16:55 EST) |
| Wednesday | 17:00 – 15:55 CT (18:00-16:55 EST) |
| Thursday | 17:00 – 15:55 CT (18:00-16:55 EST) |
| Friday | 17:00 – 15:55 CT (18:00-16:55 EST) |
Please note that the underlying crypto market remains open on weekends and any Crypto FX exposure should be managed and adjusted before the FX trading session closes on Friday evening.
Is fractional trading supported for CFDs on Crypto FX?
Crypto FX pairs support fractional trading which allows you to trade in fractions of a crypto.
This provides the possibility to scale your position with greater precision and does not limit you to trading crypto in full integer amounts.
What are the costs to trade CFDs on Crypto FX?
- CFDs on Crypto FX pairs are not subject to a minimum commission.
- Please find our trading conditions here: https://www.home.saxo/en-au/rates-and-conditions/forex/trading-conditions
You can also click on the "i" information icon on the product overview from the trading platform. Read more here: Where do I find the trading conditions and transaction costs of an instrument? - Crypto FX positions do not settle into physical crypto. Instead, open positions held at the end of a trading day (17:00 Eastern Standard Time) are rolled forward to the next available business day.
You can find more information on the rollover procedure along with Historic swap points here.
What is the minimum trade size for CFDs on Crypto FX?
The minimum trade size for CFDs on Crypto FX pairs varies depending on which pair you trade:
Trading in Bitcoin pairs starts from a minimum of 0.01 BTC.
Trading in Ethereum pairs starts from a minimum of 0.1 ETH.
What are the exposure limits for CFDs on Crypto FX?
Saxo will apply an Exposure Limit of USD 200,000 per coin for Retail and USD 500,000 per coin for Wholesale clients on BTC & ETH pairs.
Can I short crypto with Saxo Markets?
You can short crypto using CFDs on Crypto FX pairs, allowing you to benefit from falling prices.
Do I need a crypto wallet to trade cryptocurrencies with Saxo Markets?
A crypto wallet is not required because you do not own the underlying coins when trading ETPs or CFDs on Crypto FX pairs with Saxo. This also means that there is no need for cold storage solutions or recovery seeds. Please note that Saxo does not allow funding or withdrawal in cryptocurrencies.
Can I trade crypto with leverage?
CFDs on Crypto FX pairs are leveraged instruments which allow you to open positions in greater sizes than your available collateral. Please note that leveraged instruments amplify both trading gains and losses. You can find the relevant margin requirements for CFDs on Crypto FX pairs here.
How is the P/L settled for CFDs on Crypto FX?
The trading profit/loss will always be settled in the second currency in the Crypto FX pair which is always the fiat currency e.g. BTCUSD will be settled in USD and converted to your account currency.
What are the margin requirements for CFDs on Crypto FX?
You can read more about FX margins for retail accounts here.
Why can't I request a new crypto cross?
It is not currently possible to request the addition of other instruments that offer exposure to cryptocurrency.