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Saxo Bank forex spreads

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Adam N.
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Are forex spreads low at Saxo Bank as of April 2024?

Forex spreads at Saxo Bank are average rather than low. For example, EURUSD spread is 0.8, which is considered average.

Check forex spreads at Saxo Bank for major currency pairs:

Currency pair Spread Low / Average / High
EURUSD 0.8 Average
GBPUSD 1.2 Average
AUDUSD 0.8 Low
EURCHF 1.2 Low
EURGBP 1.0 Low

Spreads were collected on Oct 5, 2023.

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Is forex commission charged at Saxo Bank?

No, there is no FX commission at Saxo Bank. All FX fees are built into the spread.

Looking for the lowest-spread FX brokers?

If you are looking for brokers with the lowest spread and FX fees, check our top list of the lowest-spread brokers.

For more details on Saxo Bank, read our comprehensive Saxo Bank review for 2024.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Author of this article

Adam Nasli

Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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