Video

#SaxoStrats
Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Squawk / 04 February 2016 at 23:22 GMT
-
United Kingdom
Can anyone tell me what the UK100 CFD in-hours spread is with saxo bank?
4y
fxtime fxtime
attached is a screen grab of my trade ticket UK100 cash market...spread is variable 1>1,5pts in real trading hours.
4y
Sumarailord Sumarailord
Early yesterday morning the spread was @7, earlier I saw 2-2.5 . It seems the spread is between 1-1.5 during European and U.S. trading hours ( it might jump during extreme volatility )
4y
fxtime fxtime
@sumarailord out of hours trading has a wide spread as are most world cash markets algo pricing during the overnight values because those markets are shut and priced in relation to futures and risk algo functions only.
4y
timmytime timmytime
Saxo bank advertise spreads of minimum 1.0 but say that if liquidity is low, spreads increase to more. I usually trade £100pp and the spreads are 1.5 to 2.0 in hours. You can not get 1.0 spreads unless you reduce it to maybe £20pp, All the other major brokers have spreads at 1.0. I think Saxo should be more transparent with their spreads, or provide a reason for the higher spreads. It's surely not down to liquidity when trading FTSE 100.
4y
fxtime fxtime
Agree at 100pp or more spreads seem too wide but futs are fixed. I too have traded at 100pp but always for a larger move because the spreads can be counter to scalpers. Sadly Saxo aren't the only ones to be this way :-(

Disclaimer

The Saxo Bank Group entities each provide execution-only service and access to Tradingfloor.com permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Tradingfloor.com and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Tradingfloor.com is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Tradingfloor.com or as a result of the use of the Tradingfloor.com. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through Tradingfloor.com your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail