Trading Forex Options Online

Trading Forex Options is one of the more advanced currency trading services offered through Saxo Bank Dubai's online trading account. FX Options are useful for facilitating trading strategies on medium to long term investment timelines and offer many excellent opportunities to hedge spot positions. Forex Options are available for currency crosses and for Gold and Silver against the US dollar.

Trade Online Forex Options at Saxo Bank Dubai

Saxo Bank is one of the only FX Option trading providers offering live streaming prices to private investors for FX Options trading, without the need for dealer intervention. Saxo Bank Dubai offers plain vanilla European style Forex Options Over the Counter (OTC) in 30 currency crosses, which can be traded through Saxo Bank's online trading platforms.

Advantages of Trading FX Options with Saxo Bank Dubai:

Saxo Bank offers Forex Options in almost 40 currency pairs
Low margin requirements for hedging spot positions, and professional netting calculations
Information, education and support introducing the Forex Options market to new clients
Live streaming price quotes for Options trading, with no dealer intervention
Option expiries ranging from short dated to one year
Gold and Silver Options
Automatic exercise of Options on expiry.
Live streaming price quotes available on the majority of vanilla Options, without dealer intervention. Other Options, including exotic currencies and multiple leg Options, are offered good price indications and trades quoted on request by a dealer
Support of New York cut Forex Options that expire at 10:00 New York time. Saxo Bank automatically exercises Options that are ‘in the money’ on expiry and converts them to a spot position without the requirement of outside intervention

What Are FX Options?

Forex Options enable investors to either buy (Call Option) or sell (Put Option) a currency pair at a specified price (strike price) on a specified date (the expiry date), but this is not obligatory. A premium is paid upfront to the Option seller to uphold this right to buy or sell the underlying asset, a decision based on the market conditions at the time the expiry date of the Option is reached. By trading Forex Options, it is possible for traders to make a profit as currency pairs move higher or lower.

Forex Options are traded OTC (Over the Counter) at Saxo Bank Dubai, enabling investors to choose the expiry date, strike price and amount, unlike the more restrictive exchange-traded Options that include set expiry dates and amounts. FX Options can be traded any time on the currency markets, possessing all the same benefits of Saxo Bank liquidity as its online FX Spot trading platform.

Trade FX Options Online

Saxo Bank online trading accounts are essential tools for professional FX traders, supporting online trading of FX Spot, Options and Forward Outrights. Saxo Bank is one of the only online providers facilitating live prices for Options trading.

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Contact Saxo Bank

If you would like to speak with Saxo Bank about opening an account or if you have experienced any difficulties becoming a client, please contact us.
Phone: + 45 3977 4007
Fax: + 45 3977 4700

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Trading Forex Options Online - Saxo Bank Dubai