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Saxo review

Founded 1992HQ Hellerup (Greater Copenhagen), DenmarkPlatforms Web, Desktop, Mobile, API

Connect Saxo

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Not connected

No integration. QuantWheel cannot read accounts at Saxo, so you cannot use it with QuantWheel.

Fee per contract
Indicative US$2 per contract
to open a contract
Exercise and assignment
Not published
per event
Approval
Naked
up to naked short options
Margin rate
Not published
on a $50,000 balance
Countries
Residents of countries on Saxo's account form (42 listed, not the US)
from the broker's own pages

What you can trade

From the options agreement

  • 0DTE
  • Index options (SPX)
  • Options on futures
  • Spreads in an IRA (Not published)
  • Portfolio margin, not offered
  • Paper trading
  • 24/7 support, not offered

PlatformsWeb, Desktop, Mobile, API

Cost to open

Per-contract fee only

One cash-secured put1 contract
$2
Ten-lot iron condor40 contracts
$80
Twenty covered calls20 contracts
$40
One turn of the wheelput assigned, call exercised, 2 contracts
Not published

Exchange fees and per-order minimums are extra where the fee schedule has them.

What Saxo costs for the way you trade

A year of fees from Saxo's published prices, checked 7 and 8 October 2026.

How you trade
8
1
$1.20
Saxo standard price$2.80 a trade, 3.1% of your premium
$353 a year
Among 6 brokers open to residents of GermanyLowest is Firstrade at $3.67 a year, plus small regulatory fees it does not publish
5th on the fees it publishes

Not counted because Saxo does not publish them: clearing fee, options regulatory fee, SEC fee, FINRA trading activity fee, assignment fee.

Compare every broker for this pattern

QuantWheel

Not connected

No integration. QuantWheel cannot read accounts at Saxo, so you cannot use it with QuantWheel.

Connect Saxo

Fees explained

What each line of the fee schedule means for an options order

Saxo

Indicative US$2 per contract, charged on each leg. A ten-lot iron condor is 40 contracts, so $80 to open, and the same again if you close it before expiry. Exchange fees and per-order minimums are extra where the fee schedule has them.

Not published Cost to open

The options agreement approves up to naked short options in a margin account. It does not publish whether spreads are allowed in an IRA. Portfolio margin is not offered.

Offered.

What changed at Saxo

Every fee, term and policy we track, with the day it moved

No change recorded since the last check. A change to a fee or a rule appears here on the day we record it.

Questions people ask

Answered from the documents above

Saxo

No; QuantWheel cannot read accounts at Saxo. Connect Saxo

Indicative US$2 per contract; one fee for exercise and assignment is not published, from the fee schedule checked 8 October 2026. Exchange fees are extra. Compare fees across brokers

0DTE trading is allowed. Index options such as SPX are offered. The options agreement approves up to naked short options in a margin account. Brokers for 0DTE

Residents of countries on Saxo's account form (42 listed, not the US), according to Saxo's own pages. Check with Saxo before you open an account. Brokers by country

Facts from Saxo's own fee schedule and options agreement, checked 8 October 2026.