Commissions

Online traded bonds
Saxo offers a fully digitised value chain with global connectivity. We give you online access to trade over 5000 liquid bonds, while offline trading is available to a wide selection of 33,000 government and corporate bonds from developed and emerging markets.

 

Market

Standard (Retail)

Standard (Institutional)

European government bonds

0.20%

0.05%

(min. 80 EUR)**

(min. 50 EUR)**

US government bonds***

0.20%

0.05%

(min. 80 EUR)**

(min. 50 EUR)**

European and US corporate bonds

0.20%

0.10%**

(min. 80 EUR)**

(min. 50 EUR)**

Emerging Markets bonds

0.20%

0.10%

(min. 80 EUR)**

(min. 50 EUR)**

 

 

** or the equivalent if traded in another currency

*** For US government bonds there is an additional external execution fee of 0.0004% embedded in the price.

  

 

Offline traded bonds
Offline trading is available in a wide selection 33,000 sovereign, government and corporate bond from developed and emerging markets.

Offline traded bonds are traded on the following commissions:

 

Market

Standard

US government bonds***

0.05% (min. 80 EUR)**

All other bond markets

0.10% (min. 80 EUR)**

 

** or the equivalent if traded in another currency

*** For US government bonds there is an additional external execution fee of 0.0004% embedded in the price.

 

 

Custody Fee 

For all Bond positions held in custody an annual custody fee of 0.05% applies to all accounts.

Customers with more than one account will have each account treaded individually.

 

The custody fee is charged monthly and calculated on the daily end of day values (value dated), or on exit from/sell of the Bond position where the client will be subject to the fraction of the monthly fee for the period which they have held the Bond.

 

Bond as Margin Collateral

Saxo Bank allows collateral invested in Bonds to be used for margin trading activities (Forex, CFDs, Futures and Contract Options trading). The percentage of the collateral that can be used for margin trading depends on the rating of the bond:

 

 

DefinitionMargin Collateral
Highest Rating95%
Very High Quality90%
High Quality80%

 

 

Lower rated bonds are not accepted as collateral for margin trading.


More information about the trading conditions can be found here 


 

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