Saxo Bank introduces fractional volume for CFD indices

Saxo Bank, a Danish broker offering trading on nearly 40 financial instruments, has introduced the possibility of trading on fractional volumes for index CFDs. Trading hours on selected instruments have also been extended. Details below.

Saxo Bank opens up to detail

Saxo Bank until recently, it was identified with an offer adapted to a professional investor with a larger portfolio. However, over the past year, a number of changes have been made to make the offering more affordable for the average retail trader. For this purpose, among others, the minimum required deposit was reduced to USD 2, commission costs were reduced and a number of new instruments were introduced, e.g. cryptocurrencies (available on the platform Trading View).

This time, Saxo decided to reduce the minimum position value for CFD on indices. From January, trading is available from the value of 0.01 contract. In addition, the most popular index CFDs, including the US500 (S&P 500 index), USNAS100 (Nasdaq 100 index) and US30 (Dow Jones Industrial Average), are available for longer periods. Trading hours have been extended by 1 hour and 1 minute.

Saxo Bank comments:

"Trading costs will remain the same as normal spreads will simply be divided by a fractional amount when clients place an order."