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Can you short on Saxo?

Your expert
Adam N.
Fact checked by
Updated
2d ago
Personally tested
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Summary

Short selling is a trading strategy in which you speculate on the decline in the price of a stock or other security. If you'd like to learn about the intricacies of short selling real stocks, be sure to check out this article explaining the short selling of stocks.

Some stockbrokers only allow long position in stocks and ETFs. Others allow short positions only via CFDs on a handful of popular individual stocks. Advanced traders prefer brokers that allow the short selling of real stocks (and not just CFDs) on most stock markets their clients have access to.

Unfortunately, Saxo doesn't allow the short selling of real stocks. If you are looking for brokers that provide this service, check out this article about the best brokers for short selling or use our broker finder tool for a tailored recommendation.

Let's take a look at other popular asset classes at Saxo that enable traders to go short.

Overall score
4.9/5
Minimum deposit
$0
Stock fee
Low
FX fee
Low
Inactivity fee
no
Account opening
1 day
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62% of retail CFD accounts lose money

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Short selling of CFDs

As clients of Saxo can trade CFDs, they can also go short on these assets. In the table below you will find our calculation for shorting some of the most traded CFD assets. This catch-all benchmark includes commissions, spreads and financing costs for all brokers

Saxo CFD fees for a $2,000 short position held for one week
S&P 500 index CFD fee
$3.3 $2.8 $4.6
Euro Stoxx 50 index CFD fee
$3.4 $3.5 $4.5
Apple CFD fee
$11.3 -
$4.5
Vodafone CFD fee
$24.4 -
$11.1

Data updated on December 11, 2024

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62% of retail CFD accounts lose money

Shorting a currency

At Saxo, you can trade forex pairs, therefore you can go long or short in any of the currency pairs they offer. In the following table you will find our calculation for shorting the most traded currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers

Saxo forex benchmark fees for a $20,000 30:1 short position held for one week
EURUSD benchmark fee
$12.5 $10.8 $13.7
GBPUSD benchmark fee
$7.0 $5.1 $8.0
AUDUSD benchmark fee
$9.8 $8.5 $9.0
EURCHF benchmark fee
$0.0 $0.0 $0.0
EURGBP benchmark fee
$13.4 $12.5 $14.3

Data updated on December 11, 2024

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62% of retail CFD accounts lose money

Short selling futures

You can short some of the most traded markets at Saxo using futures. The table below shows the fees for selling 10 contracts.

Saxo futures fees vs competitors
US micro e-mini stock index futures
$30.0
$19.9
$2.5
UK stock index futures
$37.8
-
$21.4
German e-mini stock index futures
$42.0
$15.8
$8.4

Data updated on December 11, 2024

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62% of retail CFD accounts lose money

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author
Adam Nasli
Author of this article
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.
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