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?
fxtime fxtime
attached is a screen grab of my trade ticket UK100 cash market...spread is variable 1>1,5pts in real trading hours.
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 )
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.
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.
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 :-(


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