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 Bank 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 Bank that enable traders to go short.
Short sale at Saxo Bank
Short selling of CFDs
As clients of Saxo Bank 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 Bank | Swissquote | Interactive Brokers | |
|---|---|---|---|
| S&P 500 index CFD fee | $3.1 | $10.2 | $3.3 |
| Euro Stoxx 50 index CFD fee | $3.0 | $6.1 | $4.3 |
| Apple CFD fee | $23.1 | - | $4.3 |
| Vodafone CFD fee | $22.8 | - | $10.0 |
Short sale at Saxo Bank
Shorting a currency
At Saxo Bank, 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 Bank | Swissquote | Interactive Brokers | |
|---|---|---|---|
| EURUSD benchmark fee | $13.7 | $13.9 | $14.8 |
| GBPUSD benchmark fee | $8.7 | $8.7 | $10.8 |
| AUDUSD benchmark fee | $10.4 | $11.7 | $9.0 |
| EURCHF benchmark fee | $1.0 | $1.2 | $4.9 |
| EURGBP benchmark fee | $11.6 | $12.4 | $12.8 |
Short sale at Saxo Bank
Short selling futures
You can short some of the most traded markets at Saxo Bank using futures. The table below shows the fees for selling 10 contracts.
| Saxo Bank | Swissquote | Interactive Brokers | |
|---|---|---|---|
| US micro e-mini stock index futures | $40.0 | $19.9 | $2.5 |
| UK stock index futures | $37.2 | - | $21.1 |
| German e-mini stock index futures | $42.8 | $10.7 | $8.6 |
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