Saxo Fees & Spreads (2026)
Rated 4.7/5 overall
- Spreads from
- 0.7 pips
- Spread type
- Variable
- Commission
- $0. ($3 per side for < 50k units).
- Maximum leverage
- 1:50
Fees score 4.5/5 - #17 of 49
Saxo ranks #17 for fees among the 49 brokers we track, scoring better than 40% of them.
No deposit required
Minimum deposit is $0, so you can verify these costs on a small account first.
Our analysis of Saxo's fees
Saxo Bank uses a spread-based pricing model for forex, with costs embedded in the spread rather than charged as a separate commission. Forex trading is commission-free for traders with a monthly volume of over 50,000 units. Below that threshold, a $3 ticket fee applies per side.
| Account | EUR/USD Spread | GBP/USD Spread |
|---|---|---|
| Classic | From 0.6 pips | From 0.9 pips |
| Platinum | From 0.4 pips | From 0.6 pips |
| VIP | From 0.4 pips | From 0.6 pips |
Forex Cost Comparison - EUR/USD, 1 Standard Lot Round Turn:
| Broker | Avg Spread | Commission | Est. Cost |
|---|---|---|---|
| Saxo Classic | 0.6 pips | None | $6.00 |
| Saxo Platinum | 0.4 pips | None | $4.00 |
| Interactive Brokers | 0.1 pips | $2.00/lot | $5.00 |
| IG | 0.6 pips | None | $6.00 |
| Pepperstone Razor | 0.0 pips | $3.50/lot | $7.00 |
Non-Trading Fees
| Fee | Amount | Notes |
|---|---|---|
| Deposit Fee | None | From Saxo's side |
| Withdrawal Fee | None | Bank charges may apply |
| Inactivity Fee | None | Removed in 2024 |
| Account Maintenance | None | No monthly fee |
| Options | From $0.75/contract | Listed options |
| Bonds | From 0.05% | Government bonds |
For forex traders on the Classic account, the all-in cost of about $6.00 per round-turn standard lot is competitive with comparable spread-only brokers such as IG. Platinum and VIP pricing bring costs to an institutional level, though the minimum deposits make these tiers out of reach for most retail traders.
Bottom line
Saxo's forex pricing is competitive for Classic account holders and genuinely institutional-grade for Platinum and VIP clients. The tightest pricing is reserved for very high minimum deposits. For most retail traders, the Classic account's 0.6-pip average spread on EUR/USD is fair but not the tightest available.
More on Saxo
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