Trading conditions are always available by clicking the information (“i”) icon from the trade ticket or the product overview. You can read more in How can I view the trading conditions and what do they show?
To provide clearer and more transparent information, we also display costs directly on the front of the trade ticket. This shows the individual components that make up the total cost you may be charged for a trade.
List of costs that may be shown in the trade ticket
Each of the three cost categories may consist of multiple fees, taxes, or interest charges, depending on the instrument you are trading.
Investment service cost
Costs related to the investment services provided by Saxo. These may include commissions, currency conversion costs, spreads, account service fees, and similar charges.
Financial instrument cost
Costs associated with holding the financial instrument itself, such as issuer fees, financing costs, and other product‑related charges.
Third‑party payment cost
A portion of ongoing costs that may be paid to third parties involved in distributing the product, such as retrocession.
Note
Not all fees apply to every trade. The fees shown depend on the asset class, the specific instrument, your account type, and market conditions.
Comparison of costs across instruments
The table below provides a general comparison of how costs typically apply across different financial instruments.
| Instrument | Investment service costs | Financial instrument costs | Third‑party payment costs |
|---|---|---|---|
| Stocks | Commissions, currency conversion (if applicable), spread | None | None |
| ETFs | Commissions, currency conversion (if applicable), spread | Ongoing charges, incidental costs, portfolio costs | Retrocession (in some cases, for example when an ETF is free to buy at Saxo) |
| Bonds | Commissions, currency conversion (if applicable), spread | None | None |
| Forex | Commissions, currency conversion (if applicable), spread | Swap points, financing interest rate | None |
| CFDs | Commissions, currency conversion (if applicable), spread | Overnight financing, swap points, borrowing costs (short positions only) | None |
Good to know:
Not all costs apply to every trade. Exact costs depend on your account type, the instrument, and market conditions. Estimated costs are always shown in the trading platform before you place a trade.
Why is a “cost for holding” period shown?
For some types of instruments, the holding period affects the costs. For this reason, fees are displayed using a hypothetical holding period. The holding period used differs depending on the type of instrument.
The table below shows the holding period applied for each instrument type.
| Instrument type | Holding period used |
|---|---|
| CFDs | 1 day |
| Forex (FX) | 1 day |
| FX Forwards | Dynamic, based on the selected expiry |
| FX Swaps | Dynamic, based on the selected expiry |
| FX Options | Dynamic, based on the selected expiry |
| Other instruments | 30 days |