Forex Trading - forex spreads from 0. What is an FX Volume Price Plan? We believe each Saxo client deserves the freedom to choose the pricing structure that they feel is best for their needs. Importantly, we are not forcing our clients to pay commission. We are simply giving clients an additional choice to select whether they prefer to trade on tighter, variable spreads with a post- trade commission (FX Volume Price Plan) OR to trade on all- inclusive spreads, which are typically a bit wider, but generally more consistent (not fixed, but more frequently the same level). The fee can be seen in the Trade Ticket Confirmation and also in the Open Positions monitor.
The 3 different levels are denoted above. This is what it means to have the commission expressed as USD per USD million traded (which can also be thought of as EUR per EUR million traded, etc.). This commission is charged in your account currency. Commission example: Assume spot rate of 1. EURUSD. A client trades 1.
EURJPY in his USD account on which he has selected to pay 3. EUR million traded = EUR 1. EUR commission = EUR 0.
EUR 3. 0. 0. USD commission = EUR 3. USD 3. 3. 0. The standard conversion fee is applied when commissions are converted into the account currency. The commission- based pricing structure allows you to pay lower per- unit commission rates, but there are also minimum monthly commission amounts payable. A client that trades USD8 million per month would likely want to choose to pay USD6. USD million, as that would result in a monthly aggregate commission of USD4. Conversely, if that client had chosen to pay USD3. USD8 million trade volume would be USD2.
However, since that USD2. USD6. 00 (in order to qualify for the USD3. USD3. 60 (USD6. 00 minus USD2. Minimum commissions will be calculated on a pro- rata basis of the proportionate days that each respective minimum was in effect.
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This will determine whether or not the minimum commitment has been met through the course of normal trade activity or if there is a shortfall to be charged at month- end. This will determine whether or not the minimum commitment has been met through the course of normal trade activity or if there is a shortfall to be charged at month- end.
With the “All- inclusive spreads”, spreads, are typically a bit wider, but generally more consistent (not fixed, but more frequently the same level). Saxo encourages all clients to compare both live and historic FX spreads, as well as to review the minimum monthly commission fees to be sure everyone selects the pricing terms that best suits their individual needs . We know many clients value the consistency an all- inclusive spread offers (e. However, we also understand that the more active trading clients who trade larger volume may prefer to see spreads constantly changing with every tick, giving them the opportunity to choose their entry/exit points more precisely. Can I change my current pricing terms to enjoy an FX Volume Price Plan?
Yes. Every client has this choice. If ever you would like to change pricing terms for your account, simply contact your Account Executive or send an email to our Client Services team. They will be happy to facilitate the change for you. It’s only the 1. 3th of the month, how do I get the benefit of the commission rate reduction from USD3. USD2. 0? Your commission level will not change automatically based on your volume traded. To request a change in commission rate (and corresponding minimum monthly commitment level), please contact your Account Executive or send an email to our Client Services team.
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They will be happy to facilitate the change for you. The monthly minimum commission chosen by each client will apply until they request a change. To request a change in commission rate (and corresponding minimum monthly commitment level), please contact your Saxo Account Executive or send an email to our Client Services team. They will be happy to facilitate the change for you. The commission rate is not more expensive when you trade something other than the most popular currency pairs. Tom/next roll overs are the same.
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