Saxo offers pre-market trading as part of Algorithmic (ALGO) orders strategies:
A pre-market order is designed to trade in the pre-market session on the US markets only. The order will participate in the pre-market, and any residuals will be rolled into the continuous session as regular limit orders at the same limit price.
Pre-market orders are available via the SaxoTraderGO/PRO platforms as US pre-market limit orders and must be enabled via the Algorithmic (ALGO) order set up.
Please note that US pre-market limits are currently available on Single Stock CFDs and Stocks.
The only difference to a normal limit order is that this order allows participation in the pre-market session. The order will participate in the pre-market from 7:00 am, and any residual will be rolled into the continuous session as regular limit order at the same limit price.
Note: Be aware that liquidity typically is low in the pre-market session – so when orders are placed aggressively they might get filled closer to the limit price than anticipated.
To place an algorithmic order, open a trade ticket > click on the word Limit > choose Use advanced orders > then pick the strategy type or click on Pre-Market Limit to invoke the available strategies dropdown > adjust the relevant parameters and place the order.
An educational guide to algo orders is available here.
Open a Trade Ticket with the desired instrument.
Click on limit to bring up the dropdown menu and click on Use Advanced Orders.
Select Algo order type.
Then scroll through Strategy type or click on the Dark label to invoke a dropdown with the available strategies.
Select Pre-Market Limit and adjust the relevant parameters and place the order.