Automatic currency conversions will occur when you trade an instrument in a currency that differs from your base currency (for example when: buying/selling stocks, closing a position with gains/losses, paying/receiving options premium, ...).
Currency conversions are executed using the FX spot mid-price at the time of the conversion, plus/minus the fee indicated below.
Note that if you regularly trade instruments in a currency that differs from your base currency, you can open a sub-account in that currency to trade those instruments. This way you can avoid paying conversion fees on these transactions.
| Fee | |
|---|---|
| Currency conversion | 0.5 % of converted amount |
Interest on your main account is calculated on the Net Free Equity.
Interest on sub-accounts is calculated on the Account Value.
Since the Net Free Equity is calculated on open trade positions on all your accounts, it is important to make sure that sufficient cash is available on your main account. Otherwise, you risk being subject to a debit interest on your main account.
Net Free Equity is:
Interest will be calculated daily and settled monthly - within seven business days after the end of each calendar month.
For positive Net Free Equity, the interest will be the highest of either: the market bid rates minus the markdown or zero. Interest will be paid on the full amount if Account Values/Net Free Equity is above threshold.
| Standard | Active | Trader | |
|---|---|---|---|
| Net Free Equity above USD (or equivalent) | 50,000 | 0 | 0 |
| Credit interests | Market rate -3% | Market rate -2% | Market rate -1% |
The following Debit interests apply in case of negative Account Values/Net Free Equity.
The interest will be the highest of either: the market rates plus the markup below or the markup below.
| Standard | Active | Trader | |
|---|---|---|---|
| Debit interests for negative Account Values/Net Free Equity | Market rate +8% | Market rate +7% | Market rate +6% |
Clients placing orders over the phone, by chat or email will be subject to a manual order fee of €50 per order. Certain products that cannot be traded on the platform may be exempt.
Removal from your portfolio of a delisted instrument is subject to the same fee as a manual order.
In case an order regarding a security is split, and filled partially over a period of more than one day, the total trading costs may increase. The reason for such increase is that the minimum fee may be charged more than one time based on the number of days necessary for the total execution of the order.
A fee of $50 – or the equivalent amount in the account currency – will be charged when client requests online reports to be delivered by email. This fee will also apply for third-party requests for reports from, for example, auditors.
A proxy voting service fee of €30 (excl. VAT) per quarter will be charged to clients who subscribe to Saxo Bank's meeting services. In addition, a €5 (excl. VAT) per vote fee will be levied for every vote or change to a vote.
You can request forms 1042-S, however a €1,000 handling fee per income may apply. Contact Saxo to learn more.
The financial instruments below are only available from the Desktop and Mobile platforms offered by the broker. The orders and positions on these instruments will be visible only in these platforms and not in ProRealTime.
The real-time access of your ProRealTime platform and the platforms offered by the broker are independant. The real-time access for the broker's platforms can be managed from the broker's account management interface and are paid directly to the broker.
Only orders placed on the ProRealTime platforms are taken into account for the volume conditions of the Active or Trader pricing and for platform credits.
| CFD Indices | Standard | Active | Trader | Type of pricing |
|---|---|---|---|---|
| North America | ||||
| US Tech 100 NAS | 1 | 0.7 | 0.5 | per contract |
| US 30 Wall Street | 3 | 2 | 2 | per contract |
| US 500 | 0.7 | 0.5 | 0.4 | per contract |
| Europe | ||||
| Belgium 20 | 13 | 12 | 12 | per contract |
| Denmark 20 | 2.5 | 1.25 | 0.75 | per contract |
| EU Stocks 50 | 2 | 1.75 | 1.5 | per contract |
| France 40 | 2 | 1.5 | 1 | per contract |
| Germany 30 | 1.2 | 1 | 0.9 | per contract |
| Germany Mid-Cap 50 | 15 | 10 | 7 | per contract |
| Germany Tech 30 | 4.5 | 4 | 4 | per contract |
| Italy 40 | 12 | 11 | 11 | per contract |
| Netherlands 25 | 0.25 | 0.2 | 0.18 | per contract |
| Norway 25 | 1 | 0.9 | 0.8 | per contract |
| Portugal 20 | 25 | 20 | 15 | per contract |
| South Africa 40 | 10 | 8 | 7 | per contract |
| Spain 35 | 8 | 6.5 | 4 | per contract |
| Sweden 30 | 0.65 | 0.55 | 0.45 | per contract |
| Switzerland 20 | 3 | 2.5 | 1.75 | per contract |
| UK 100 | 1 | 0.9 | 0.85 | per contract |
| UK Mid 250 | 44 | 42 | 40 | per contract |
| Asia Pacific | ||||
| Australia 200 | 1.5 | 1.4 | 1.25 | per contract |
| Hong Kong | 12 | 11 | 10 | per contract |
| Japan 225 | 12 | 10 | 8 | per contract |
| CFD Futures | Standard | Active | Trader | Type of pricing |
|---|---|---|---|---|
| Indices (expiry) | ||||
| US2000 | 0.5 | 0.4 | 0.4 | per contract |
| China 50 | 12 | 11 | 11 | per contract |
| India 50 | 4 | 3 | 3 | per contract |
| Singapore | 0.3 | 0.2 | 0.2 | per contract |
| Taiwan | 0.4 | 0.3 | 0.3 | per contract |
| Commodities - Metals | ||||
| Gold | 0.6 | 0.55 | 0.5 | per contract |
| Silver | 3.5 | 3 | 2.5 | per contract |
| Platinum | 1.7 | 1.4 | 1.1 | per contract |
| Palladium | 1.75 | 1.45 | 1.05 | per contract |
| US Copper | 0.55 | 0.5 | 0.45 | per contract |
| Commodities - Energy | ||||
| US Crude | 0.05 | 0.05 | 0.03 | per contract |
| UK Crude | 0.05 | 0.05 | 0.03 | per contract |
| Heating Oil | 0.35 | 0.3 | 0.25 | per contract |
| Gasoline US | 0.25 | 0.2 | 0.17 | per contract |
| Gas Oil | 1.25 | 1 | 0.75 | per contract |
| US Natural Gas | 0.017 | 0.014 | 0.011 | per contract |
| CO2 Emissions | 0.07 | 0.06 | 0.05 | per contract |
| Commodities - Agriculture | ||||
| Corn | 1.25 | 1 | 0.75 | per contract |
| Wheat | 2.25 | 2 | 1.75 | per contract |
| Soybeans | 1.75 | 1.5 | 1.25 | per contract |
| Commodities - Softs & Meats | ||||
| NY Sugar No. 11 | 0.05 | 0.05 | 0.03 | per contract |
| NY Coffee | 0.45 | 0.4 | 0.35 | per contract |
| NY Cocoa | 9 | 7 | 5 | per contract |
| Live Cattle | 0.175 | 0.15 | 0.125 | per contract |
| Forex (spread) | ||||
| USD Index | 0.01 | 0.009 | 0.008 | per contract |
| Euro / US Dollar | 0 | 0 | 0 | per contract |
| Euro / Japanese Yen | 0.03 | 0.02 | 0.02 | per contract |
| Euro / Swiss Franc | 0 | 0 | 0 | per contract |
| Euro / British Pound | 0 | 0 | 0 | per contract |
| British Pound / US Dollar | 0 | 0 | 0 | per contract |
| Australian Dollar / US Dollar | 0 | 0 | 0 | per contract |
| Obligations | ||||
| German Government 10 year Bund | 0.03 | 0.025 | 0.02 | per contract |
| German Government 5 year Bobl | 0.03 | 0.025 | 0.02 | per contract |
| German Government 2 year Schatz | 0.015 | 0.01 | 0.01 | per contract |
| Italian Government 10 year BTP | 0.05 | 0.04 | 0.03 | per contract |
| French Government 10 year OAT | 0.05 | 0.04 | 0.03 | per contract |
| Market | Type of position | Overnight fees |
|---|---|---|
| CFD Indices | Long positions (markup) | + 2.5% |
| Short Positions (markdown) | - 3% | |
| CFD Single Stocks | Long positions (markup) | + 3.5% |
| Short Positions (markdown) | - 3% |
All fees indicated in this document are debited directly from your trading account by the account operator SAXO Bank A/S and include brokerage fees, exchange fees, and regulatory fees, unless otherwise stated.
The fees applied to your account are the same for orders placed via a ProRealTime platform or via a SAXO platform.
When you place orders with SAXO, the broker responsible for executing them, ProRealTime receives remuneration from that broker. This remuneration for an order on a given instrument corresponds to the difference between the rates mentioned in this document and the “VIP” price indicated on the SAXO website, from which a discount received by ProRealTime from SAXO is deducted.
This amount depends on many variables such as: the trading venue, the type of instrument, the volume or amount of the order, exchange fees, any regulatory fees, the client's pricing profile (trader, active or standard), and finally the volume discounts granted to ProRealTime by SAXO.
Here are some concrete examples to illustrate this:
* The amount of this discount varies from month to month and from one type of instrument to another, depending on the number of orders that ProRealTime transmits to the executing broker.
In accordance with Article 13 of Delegated Regulation (EU) 2017/565, the exact amount of remuneration received by ProRealTime will be communicated to you in an annual report made available to you in your ProRealTime customer area, on a durable medium that you can download or print. You can also send us a request to receive this report in paper form, upon simple request and free of charge.
The ProRealTime applications are published and maintained by IT-Finance, the parent company of ProRealTime SAS. IT-Finance receives remuneration from ProRealTime for this service, as well as for the historical activity of subscriptions to the platform and/or real-time stock market data feeds.
ProRealTime — as part of its conflict of interest prevention policy — includes a reminder of its policy in its special terms and conditions of use and sale applicable to investment services. We would also like to remind you that ProRealTime has no close ties with producers/issuers of financial instruments, does not promote financial instruments, and does not provide investment advice.
The service for receiving and transmitting orders may - optionally, at the customer's request - be supplemented by related services in the form of a subscription to market data feeds and/or software features. This billing is separate from the commissions charged on orders and is a service offered by ProRealTime to all its users, whether or not they are customers of the order reception and transmission service. The terms and conditions for this service are available on our website.
ProRealTime may offer you discounts on subscriptions to these related services when you purchase goods (e.g., computer equipment, books on trading) or services (e.g., trading training, administrative services) offered by third parties. Where applicable, the specific terms and conditions will be indicated when such discounts are offered. In any case, ProRealTime never transfers revenue from its order reception and transmission service to these third parties.
Please contact us if you have any questions or would like more information on any of these topics.