Trading Conditions & Prices


As ETFs/ETCs trade on regular Stock exchanges, commissions follow the commissions for Stock trading on the exchanges.

See Commissions for Stock Trading

Active traders get lower rates

If you execute 100 trades or more per calendar month on Stocks, ETFs and Single Stock CFDs, you qualify for an Active Pricing Plan with some of the lowest rates in the market.

Find out more about our Active pricing plan here.

Use ETF/ETC portfolio as collateral for margin trading

We normally allow up to 75% of the current value of your ETF investments (50% of ETC) as collateral for margin trading.

Live Market Data

By default, clients have access to delayed market data on the equities (including ETFs/ETCs) and futures exchanges on which they are enabled to trade.

To receive real-time market data, clients will have to subscribe to the individual exchanges. A subscription to live price data from an exchange gives you access to live prices on Stocks, Single Stock CFDs, ETFs/ETCs and CFDs on ETFs/ETCs from the particular exchange.

​Read more about subscribing to live exchange data.


Exchange Traded Funds (ETFs) are mutual funds, which are generally required to register for marketing and/or trading in the individual jurisdiction in which they are publicly offered.


Other conditions may apply depending on the jurisdiction in which you live. Please be aware that Saxo Bank recommends that you should only invest in an ETF if it is duly registered in your local jurisdiction as indicated on this website.


Your order for purchase of an ETF is deemed as your acknowledgement and confirmation hereof. Saxo Bank shall have no liability for any losses whatsoever, including but not limited to any adverse tax implications, you might incur as a result of investing in any ETF not duly registered in your local jurisdiction.


Updated 14th June, 2012

Product Risk

Danish banks are required to categorise investment products offered to retail clients depending on the product’s complexity and risk as: green, yellow or red.

ETFs are categorised as yellow or red products depending on the individual instrument. For more information about the categorisation of the individual instrument and the level of risk involved, please see the Product Risk Categorisation located under our General Business Terms.

General Business Terms