Trade Forex Options Online

Forex Options from Saxo Bank represent a more advanced currency option for investors.

Diversify your investment with Forex Options Trading

Forex Options trading represents one of the more advanced currency trading opportunities available through Saxo Bank. Our FX options are suitable for implementing medium- to long-term investing strategies and for hedging spot currency positions. Saxo Bank offers Forex Options trading for numerous currency pairs as well as Gold and Silver against the US dollar.

Online Currency Options from Saxo Bank

Saxo Bank pioneered Forex Options trading on live streaming prices, allowing private investors to trade in real-time without dealer intervention. We offer Over the Counter (OTC) trading of plain Vanilla, European style Forex Options in nearly 40 global currency pairs, all through our online trading platforms.

Benefits of trading FX Options with Saxo Bank:

  • FX Options for almost 40 currency pairs
  • Low margin requirements with professional netting calculations for hedging spot positions
  • Educational tools, information and support for clients new to Forex Options trading
  • Forex Options trading on live streaming price quotes, all with no dealer intervention
  • Currency Option expiries from short dated to one year
  • Gold and Silver Forex Options
  • Options automatically exercised upon expiry

For most Vanilla Forex Options, trading can be executed on live prices, without the need for dealer intervention. For exotic currency pairs or multiple leg Options, clients may request tradable price quotes by contacting the Market Making Desk through our online platforms.

Saxo Bank offers support for New York cut Forex Options with expiry at 10:00 New York time. Any Options that are “in the money” at this time are exercised automatically by Saxo Bank and converted into spot positions for the client’s convenience.

What are Forex Options?

Forex Options trading offers investors the right, but not the obligation, to buy (Call Option) or sell (Put Option) a specified currency pair at a pre-determined strike price and expiry date. An upfront premium is paid for this right to trade the underlying asset and, depending on market conditions, the Option buyer can choose to exercise the right to buy or sell when the Option expires. With Forex Options trading, investors can profit whenever currency pairs move higher or lower.

More flexible than exchange-traded Options, Saxo Bank’s OTC (Over the Counter) Options allow traders to choose the strike price, expiry date and trade size. Forex Options trading is available from Monday’s New Zealand opening to the Friday close in New York and offers the same high liquidity as our online spot Forex offering.

Online FX Options trading 

A Saxo Bank online trading account is an indispensible tool for today’s professional Forex trader, providing access to currency Options trading, spot Forex and FX Forward Outrights. Saxo Bank remains one of the only online providers to offer Forex Options trading on live streaming prices through our suite of online trading platforms

For more information, please visit our Forex Options rates and conditions page.

Margin Trading carries a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for all investors. Ensure you fully understand the risks involved and seek independent advice if necessary.

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