RATES & CONDITIONS. 21 st September Forex CFDs Stocks Futures Contract Options Single Stock Options ETFs Bonds

Transcription

1 RATES & CONDITIONS 21 st September 2015 Forex CFDs Stocks Futures Contract Options Single Stock Options ETFs Bonds March 2013

2 Forex Trading Rates & Conditions Forex Spot Listed below is a selection of the major currency pairs. For further information, please refer to our website for a comprehensive list of currency pairs offered by Saxo Capital Markets UK Limited (SCML). FX Target Spreads: Currency Pair Target Margin Commission spread¹ Requirements Threshold 2 AUDUSD % AUD 100,000 EURCHF % EUR 100,000 EURGBP % EUR 100,000 EURJPY % EUR 100,000 EURUSD % EUR 50,000 GBPUSD % GBP 50,000 USDCAD % USD 50,000 USDCHF % USD 50,000 USDJPY % USD 50,000 Margin Requirements: Product Rating/Instrument Name Margin Requirements FX USD,GBP, EUR, JPY, AUD, CAD, NZD 2% FX SGD, CHF, DKK, NOK, SEK 3% FX MXN 5% FX HUF, PLN, TRY, ZAR, XAU 4% FX ILS 6% FX CNH, XAG 8% FX HKD, CZK, RUB 20% 1 The target spreads listed are our best possible spreads used in normal market conditions. Under certain market conditions, such as over the release of key economic figures, during periods of volatile market conditions, and during the sometime illiquid European night time spreads may be wider and auto execution limits may be lowered or disabled. 2 For Forex trades below the Commission Threshold listed, a small ticket fee of USD 10 is added to the trade to cover administration costs. All information in this document is subject to change. For a complete and uptodate overview, please visit the Forex trading Rates and Conditions on our website.

3 CFD Trading Rates & Conditions Stock CFDs and ETF CFDs name Symbol Commission North America & Canada Min. Commission Min. Order value NASDAQ NASDAQ & NSC 0.02 USD/share 20 USD 50 USD New York Stock NYSE & ARCA 0.02 USD/share 20 USD 50 USD NYSE MKT AMEX 0.02 USD/share 20 USD 50 USD OTC Bulletin Board/Pink Sheets Toronto Stock TSX Venture OOTC & OTCBB Europe / Middle East / Africa Athens BME Spanish s Deutsche Börse (XETRA) Irish Stock London Stock (IOB) London Stock Milan Stock NASDAQ OMX Copenhagen NASDAQ OMX Helsinki NASDAQ OMX Stockholm NYSE Euronext Amsterdam NYSE Euronext Brussels NYSE Euronext Lisbon 0.02 USD/share 20 USD 50 USD TSE 0.03 CAD/share 25 CAD 100 CAD TSX 0.03 CAD/share 2 25 CAD 100 CAD AT 0.3% 12 EUR 100 EUR SIBE 0.10% 12 EUR 100 EUR FSE 0.10% 12 EUR 100 EUR ISE 0.10% 12 EUR 100 EUR LSE_INTL 0.10% 20 USD 100 USD LSE_SETS 0.10% 8 GBP 100 GBP MIL 0.19% 15 EUR 100 EUR CSE 0.10% 65 DKK 1,000 DKK HSE 0.10% 10 EUR 100 EUR SSE 0.10% 65 SEK 1,000 SEK AMS 0.10% 12 EUR 100 EUR BRU 0.10% 12 EUR 100 EUR LISB 0.10% 12 EUR 100 EUR

4 CFD Trading Rates & Conditions NYSE Euronext Paris Oslo Stock Prague Stock SIX Swiss SIX Swiss (BlueChip) Vienna Stock Warsaw Stock Johannesburg Stock Asia / Pacific Australian Securities Hong Kong s Singapore Tokyo Stock PAR 0.10% 12 EUR 100 EUR OSE 0.10% 65 NOK 1,000 NOK PRA 0.28% 500 CZK 2,500 CZK SWX 0.10% 18 CHF 150 CHF VX 0.10% 18 CHF 150 CHF VIE 0.10% 12 EUR 100 EUR WSE 0.30% 65 PLN 300 PLN JSE 0.25% 100 ZAR 750 ZAR ASX 0.10% 8 AUD 150 AUD HKEX 0.25% 90 HKD 1,000 HKD SGXST 0.15% 25 SGD 150 SGD TYO 0.15% 1,000 JPY 1,000 JPY

5 DMA CFD Trading Rates & Conditions name Symbol Commission North America & Canada NASDAQ Share Price > 10 USD Share Price < 10 USD New York Stock Share Price > 10 USD Share Price < 10 USD NYSE MKT Share Price > 10 USD Share Price < 10 USD NASDAQ & NSC NYSE & ARCA AMEX 0.05 USD/share 0.03 USD/share 0.05 USD/share 0.03 USD/share 0.05 USD/share 0.03 USD/share Min. Commission 15 USD 15 USD 15 USD 15 USD 15 USD 15 USD CFD Financing (Long/Short) 3.5pp/3.0pp 3.5pp/3.0pp 3.5pp/3.0pp 3.5pp/3.0pp 3.5pp/3.0pp 3.5pp/3.0pp Toronto Stock TSE 0.03 CAD/share 25 CAD 3.5pp/3.0pp * Europe / Middle East / Africa Athens AT 0.30% 20 EUR 4.5pp/4.0pp BME Spanish s Budapest Stock Deutsche Börse (XETRA) SIBE 0.10% 20 EUR 3.5pp/3.0pp BUX 0.50% 6,000 HUF 3.5pp/3.0pp FSE 0.10% 20 EUR 3.5pp/3.0pp Irish Stock ISE 0.10% 20 EUR 3.5pp/3.0pp Istanbul Stock London Stock London Stock (IOB) IST 0.20% 50 TRY 4.0pp/5.0pp LSE_SETS 0.10% 15 GBP 3.5pp/3.0pp LSE_INTL 0.10% 20 USD 3.5pp/3.0pp Milan Stock MIL 0.25% 22 EUR 3.5pp/3.0pp NASDAQ OMX Copenhagen CSE 0.10% 65 DKK 3.5pp/3.0pp NASDAQ OMX Helsinki HSE 0.10% 10 EUR 3.5pp/3.0pp NASDAQ OMX Stockholm NYSE Euronext Amsterdam NYSE Euronext Brussels SSE 0.10% 65 SEK 3.5pp/3.0pp AMS 0.10% 20 EUR 3.5pp/3.0pp BRU 0.10% 40 EUR 3.5pp/3.0pp NYSE Euronext Lisbon LISB 0.10% 20 EUR 3.5pp/3.0pp NYSE Euronext Paris PAR 0.10% 20 EUR 3.5pp/3.0pp

6 DMA CFD Trading Rates & Conditions Oslo Stock OSE 0.10% 65 NOK 3.5pp/3.0pp Prague Stock PRA 0.25% 500 CZK 3.0pp/5.0pp SIX Swiss SWX & VX 0.10% 30 CHF 3.5pp/3.0pp Vienna Stock Warsaw Stock Johannesburg Stock Asia / Pacific Australian Securities VIE 0.20% 30 EUR 3.5pp/3.0pp WSE 0.25% 100 PLN 3.5pp/3.0pp JSE 0.25% 100 ZAR 5.0pp/3.5pp ASX 0.10% 8 AUD 3.5pp/3.0pp Hong Kong s HKEX 0.32% 150 HKD 3.5pp/3.0pp Singapore SGXST 0.22% 25 SGD 3.5pp/3.0pp Tokyo Stock TYO 0.15% 1,200 JPY 3.5pp/3.0pp *Due to limited liquidity in the exchange order book, market orders are not supported on this exchange as the fill price can vary considerably from the indicated market price. Use Limit Orders instead to guarantee the minimum price for your order. **Automated trading from 09:30 16:30 with a break between 12:00 13:30 ***South African Stocks and Single Stock CFDs are not available for trading to residents of South Africa due to regulatory restrictions.

7 Margin Requirements Rating Groups With more than 8000 CFDs available for online trading Saxo Capital Markets has created a straightforward margin requirement rating system. All continuously trading CFDs for example Index Tracking CFDs, Single Stock CFDs and ETFs are divided in to 8 rating groups. All other CFDs that track the price of an underlying Futures contract which includes Commodity, Forex and the US2000 Index Tracker CFD expires like the Future. These expiring CFDs are divided into additional 8 rating groups. Rating Group Product / Margin Instrument Requirement 2 Single Stock CFDs & ETF/ETC CFDs 10%* 3 Single Stock CFDs & ETF/ETC CFDs 10% 4 Single Stock CFDs & ETF/ETC CFDs 15% 5 Single Stock CFDs & ETF/ETC CFDs 25% 6 Single Stock CFDs & ETF/ETC CFDs 50% 7 Single Stock CFDs & ETF/ETC CFDs 75% 8 Single Stock CFDs & ETF/ETC CFDs 100% Stock CFD Margins For more information on CFD margin rates and for individual stock ratings, please refer to our website or trading platform.

8 Index CFDs Stock Index Symbol code Margin Spread* Trading Hours** CFD Financing requirements (long/short)*** Netherlands 25 NETH25.I 3% :0121:55 3pp/2.5pp Australia 200 AUS200.I 2% :1016:25 3pp/2.5pp Belgium 20 BELG20.I 5% 13 09:1017:30 3pp/2.5pp Denmark 20 DEN20.I 5% :1016:55 3pp/2.5pp Denmark 20 DEN20CAP.I 5% :10 16:55 3pp/2.5pp Cap EU Stocks 50 EU50.I 4% 2 08:01 21:55 3pp/2.5pp France 40 FRA40.I 5% 2 08:01 21:55 3pp/2.5pp Germany 30 GER30.I 3% :01 21:55 3pp/2.5pp Germany Mid Ger50MID.I. 5% 15 09:10 17:30 3pp/2.5pp Cap 50 Germany Tech GERTECH30.I 5% :10 17:30 3pp/2.5pp 30 Hong Kong 40 HK50.I 5% 12 09:16 16:10 3pp/2.5pp Italy 40 ITALY40.I 5% 12 (+0.02%) 09:01 17:25 3pp/2.5pp Japan 225 JP225.I 3% 12 09:01 00:30 3pp/2.5pp Norway 25 NOR25.I 5% 1 09:01 16:15 3pp/2.5pp Spain 35 IBEX35.I 5% 8 09:01 19:55 3pp/2.5pp Sweden 30 SWE30.I 5% :01 17:25 3pp/2.5pp Portugal 20 PORT20.I 10% 25 3pp/2.5pp Switzerland 20 SWISS20.I 4% 3 08:01 21:55 3pp/2.5pp UK 100 UK100.I 2% 1 01:01 20:55 3pp/2.5pp UK Mid 250 UK250MID.I 5% 44 08:10 16:30 3pp/2.5pp US 30 Wall US30.I 2% 3 18:00 16:00 3pp/2.5pp Street US SPX500 US500.I 2% :00 16:00 3pp/2.5pp US Tech 100 USNAS100.I 2% 1 18:00 16:00 3pp/2.5pp NAS South Africa 40 Index ZA % 10 3pp/2.5pp * Normal market conditions. If the underlying future trades at a spread that is larger than the minimum spread, the Index spread will be increased with the additional spread from the future. Example: GER30.I normal spread is 3 index points if the future spread is 0.5 indicating normal conditions. If the liquidity is low in the future and the spread is 1, the Index spread will be 3 (10.5) = 3.5. ** The trading hours stated in the above table are the local hours of the underlying exchange please note that the Hong Kong trading session has a midsession break between 12:0013:00 and the trading session in Japan between 3:25 pm and 4:15 pm. For UK100 there is a trade break from 07:5008:01. ***This is charged on top of the relevant interbank rates. Details of the other indices offered by Saxo Capital Markets UK can be made available on request.

9 Index CFDs Contract Details Instrument Name Gold Silver Platinum Palladium US Copper US Crude UK Crude Heating Oil Gasoline US Gas Oil US Natural Gas CO2 Emissions Corn Wheat Soybeans NY Sugar No. 11 NY Coffee Symbol Spread Minimum Min. trade size METALS Margin Trading hours GOLD % 18:0017:15 EST SILVER % 18:0017:15 EST PLATINUM % 18:0013:05 EST PALLADIUM % 18:0017:15 EST COPPERUS % 18:0017:15 EST ENERGY OILUS % 18:0017:15 EST OILUK % 01:0022:15 BST HEATINGOIL % 18:0017:15 EST GASOLINEUS % 18:0017:15 EST GASOLINEUK % 01:0022:15 BST NATGAS % 18:0017:15 EST EMISSIONS % 07:0017:00 BST AGRICULTURE CORN % 19:00 13:15 CST WHEAT % 19:00 13:15 CST SOYBEANS % 19:00 13:15 CST SOFTS SUGARNY ,000 5% 03:3013:00 EST COFFEE ,000 5% 03:3014:00 EST Expiry date FND 2 FND 2 FND 2 FND 2 FND 2 LTD 2 LTD 2 LTD 2 LTD 2 LTD 2 LTD 2 LTD 2 FND 2 FND 2 FND 2 LTD 2 FND 2

10 Index CFDs NY Cocoa Live Cattle FND= First Notice LTD= Last trading COCOA 9 1 4% 04:0014:00 EST MEATS LIVECATTLE ,000 2% 09:0513:00 CST FND 2 LTD 2 For all other CFDs the above table indicates the normal margin rate. Similar to Futures, Commodity CFDs expire CFDs will expire each month and will be cash settled on the expiry date of the underlying future. Front month (current contract) and back month (following contract) will be offered to enable clients to manually roll positions from one contract to the next. See the Trading Rates and Conditions for full contracts details and specifications. All information in this document is subject to change.

11 Forex CFDs Currency Pair Ticker Min. spread 1 Margin Requirements² Euro/US Dollar EURUSDEC % Euro/Japanese Yen EURJPYRY % Euro/Swiss Franc EURCHFR % Euro/British Pound EURGBPRP % British Pound/US Dollar Australian Dollar/US Dollar GBPUSDBP % AUDUSDAD % USD Index USDINDEX % 1. The target spreads listed are our best possible spreads used in normal market conditions. Under certain market conditions, such as over the release of key economic figures, during periods of volatile market conditions, and during the sometime illiquid European night time spreads may widen and auto execution limits may be lowered or disabled. 2. Please refer to the CFD Trading Conditions page in the trading platform or on our website. Similar to Futures, FX CFDs expire and will be cash settled on the expiry date. Any positions still open at the time of expiry will be automatically closed at the market price. Manually roll of a position from one expiry to another may be done until the time of expiry. The specific expiry date and time for individual FX CFDs can always be found in the trading platforms under Trading Conditions. All information in this document is subject to change.

12 Bond CFDs Contract details Instrument Name German Government 10 year Bund German Government 5 year Bobl German Government 2 year Schatz Italian Government 10 year BTP French Government 10 year OAT Symbol Minimum Spread 1 Min. trade size BONDS Margin requirements 2 Trading hours BUND CFDs 2% 08:0121:55 CET BOBL CFDs 12% 08:0121:55 CET SCHATZ CFDs 2% 08:0121:55 CET 10YBTP CFDs 2% 08:0118:55 CET 10YOAT CFDs 2% 08:0118:55 CET 1 The target spreads listed are our best possible spreads used in normal market conditions. Under certain market conditions, such as over the release of key economic figures, during periods of volatile market conditions, and during the sometime illiquid European night time spreads may widen and auto execution limits may be lowered or disabled. 2 The available leverage and margin requirement indicated with * applies to the first EUR 50,000 (or equivalent) of your combined collateral. The required margin requirement on collateral over EUR 50,000 the required margin will double the rate indicated in the above table. For a full list of applicable CFDs, please refer to the CFD Trading Conditions page in the trading platform or on our website. Similar to Futures Contracts, Bond CFDs expire and will be cash settled on the expiry date. Any positions still open at the time of expiry will be automatically closed at the market price. Manual roll of a position from one expiry to another may be done until the time of expiry. The specific expiry date and time for individual Bond CFDs can always be found in the trading platforms under CFD on Futures Trading Conditions. All information in this document is subject to change.

13 Stock & ETF Trading Rates & Conditions name Symbol Commission North America & Canada NASDAQ NASDAQ & NSC 0.02 USD/share New York Stock NYSE & ARCA 0.02 USD/share NYSE MKT AMEX 0.02 USD/share OTC Bulletin Board/Pink Sheets OOTC & OTCBB Toronto Stock TSE 0.03 CAD/share Min. Commissio n Min. Order value 15 USD 50 USD 15 USD 50 USD 15 USD 50 USD 0.15% 1) 25 USD 50 USD 25 CAD 100 CAD TSX Venture TSX 0.02 CAD/share 2) 25 CAD 100 CAD Europe / Middle East / Africa BME Spanish s SIBE 0.10% 12 EUR 100 EUR Deutsche Börse (XETRA) FSE 0.10% 12 EUR 100 EUR Irish Stock ISE 0.10% 12 EUR 100 EUR London Stock (IOB) LSE_INTL 0.10% 20 USD 100 USD London Stock LSE_SETS 0.10% 8 GBP 100 GBP Milan Stock MIL 0.10% 12 EUR 100 EUR NASDAQ OMX Copenhagen CSE 0.10% 29 DKK 1,000 DKK NASDAQ OMX Helsinki HSE 0.10% 12 EUR 100 EUR NASDAQ OMX Stockholm SSE 0.10% 65 SEK 1,000 SEK NYSE Euronext Amsterdam AMS 0.10% 12 EUR 100 EUR NYSE Euronext Brussels BRU 0.10% 12 EUR 100 EUR NYSE Euronext Lisbon LISB 0.10% 12 EUR 100 EUR NYSE Euronext Paris PAR 0.10% 12 EUR 100 EUR Oslo Stock OSE 0.10% 65 NOK 1,000 NOK Prague Stock PRA 0.28% 500 CZK 2,500 CZK

14 Stock & ETF Trading Rates & Conditions SIX Swiss SWX 0.10% 18 CHF 150 CHF SIX Swiss (Blue Chip) VX 0.10% 18 CHF 150 CHF Vienna Stock VIE 0.10% 12 EUR 100 EUR Warsaw Stock WSE 0.30% 75 PLN 300 PLN Johannesburg Stock Asia / Pacific Australian Securities JSE 0.25% 100 ZAR 750 ZAR ASX 0.10% 15 AUD 150 AUD Hong Kong s HKEX 0.15% 150 HKD 1,000 HKD Singapore SGXST 0.15% 25 SGD 150 SGD Tokyo Stock TYO 0.15% 1,500 JPY 1,000 JPY Reuse of Stock collateral for other investments Subject to our risk rating, up to 75% of the value of the stock held in your Saxo trading account may be eligible for use as collateral for additional trading in margined products. For a comprehensive list of the risk rating of the various stocks, please visit our website.

15 ISA Stock & ETF Trading Rates & Conditions name Symbol Commission Min. Commission North America & Canada NASDAQ New York Stock NASDAQ & NSC Min. Order value 0.02 USD/share 15 USD 50 USD NYSE & ARCA 0.02 USD/share 15 USD 50 USD NYSE MKT AMEX 0.02 USD/share 15 USD 50 USD OTC Bulletin Board/Pink Sheets Toronto Stock TSX Venture OOTC & OTCBB 0.15% 1) 25 USD 50 USD TSE 0.03 CAD/share 25 CAD 100 CAD TSX Europe / Middle East / Africa BME Spanish s Deutsche Börse (XETRA) Irish Stock London Stock (IOB) London Stock Milan Stock NASDAQ OMX Copenhagen NASDAQ OMX Helsinki NASDAQ OMX Stockholm NYSE Euronext Amsterdam NYSE Euronext Brussels 0.02 CAD/share 2) 25 CAD 100 CAD SIBE 0.10% 12 EUR 100 EUR FSE 0.10% 12 EUR 100 EUR ISE 0.10% 12 EUR 100 EUR LSE_INTL 0.10% 20 USD 100 USD LSE_SETS 0.10% 8 GBP 100 GBP MIL 0.10% 12 EUR 100 EUR CSE 0.10% 29 DKK 1,000 DKK HSE 0.10% 12 EUR 100 EUR SSE 0.10% 65 SEK 1,000 SEK AMS 0.10% 12 EUR 100 EUR BRU 0.10% 12 EUR 100 EUR NYSE Euronext LISB 0.10% 12 EUR 100 EUR

16 ISA Stock & ETF Trading Rates & Conditions Lisbon NYSE Euronext Paris Oslo Stock Prague Stock SIX Swiss SIX Swiss (Blue Chip) Vienna Stock Warsaw Stock Johannesburg Stock Asia / Pacific Australian Securities Hong Kong s Singapore Tokyo Stock PAR 0.10% 12 EUR 100 EUR OSE 0.10% 65 NOK 1,000 NOK PRA 0.28% 500 CZK 2,500 CZK SWX 0.10% 18 CHF 150 CHF VX 0.10% 18 CHF 150 CHF VIE 0.10% 12 EUR 100 EUR WSE 0.30% 75 PLN 300 PLN JSE 0.25% 100 ZAR 750 ZAR ASX 0.10% 15 AUD 150 AUD HKEX 0.15% 150 HKD 1,000 HKD SGXST 0.15% 25 SGD 150 SGD TYO 0.15% 1,500 JPY 1,000 JPY Important information for ISA account holders The above table indicates are SCML s standard charges for the complete list available exchanges available for trading within SCML s platform. Subject to the HM. Revenue & Customs eligibility criteria not all of the available exchanges listed in the above table will be available for trading within a Saxo ISA account. Please note that when trading stocks and/or shares from your Saxo ISA account you will not be permitted to reuse the value of any holdings for additional trading in margined products.

17 Taxation on UK Shares For UK stocks a Panel for Takeovers and Mergers (PTM) Levy and Stamp Duty may be applicable. Stamp Duty is applied on all buy transactions at a rate of 0.5% of the transaction value. A PTM Levy of 1 is applied to buy and sell transactions where the Gross Value of the trade exceeds 10,000. Please note that for Irish registered stocks, Stamp Duty is 1% of the transaction value. Taxation on Hong Kong Shares For Hong Kong stocks, Stamp Duty and other charges apply: 0.108%. Note: Automated trading from 09:3016:30 with a break between 12:00 13:30. Taxation on Singapore Shares For Singapore Stocks a Clearing Fee of 0.04% is payable, subject to a maximum of SGD 600. Taxation on South African Shares The Johannesburg Stock applies a Securities Transfer Tax (STT) of 0.25% when opening a stock position (on stock buy trades). Taxation on French Shares For purchases of French large cap Stocks a Financial Transaction Tax (FTT) of 0.20% will apply. Taxation on Italian Shares For purchases of Italian listed stocks an Italian Financial Transaction Tax (FTT) of 0.12% will apply. Taxation on Italian Derivatives The Italian FTT for Derivatives applies irrespective of the location of the client or the jurisdiction of the transaction for Buys and Sells. Summary of Italian FTT for Derivatives Product Italian Futures Italian Options Retail Price For transactions between 0100,000 Euros an additional 0.5 Euros per trade will be added to the commission For transactions of 100,001+ Euros an additional 5.0 Euros will be added per trade For transactions between 0100,000 Euros an additional 0.5 Euros per trade will be added to the commission For transactions of 100,001+ Euros an additional 5.0 Euros will be added per trade Retail Min Commission 13 Euros No minimum

18 Depositary Receipt fees US It is standard practice for US depositary receipts to charge an annual administration fee up to USD 0.05 per share depending on the issuing depositary bank. The intent of the fee is to cover costs for the banks that take on the operational processes necessary to issue and trade the depositary receipt line. Typically the fee is deducted when dividend payments are made, however, in case the depositary receipt does not pay a dividend or did not include the custodial fee in their dividend events, the fee will be administered through feeonly events. The dividend fee is stipulated in the Deposit Agreement between the depositary bank and the company based upon industry standards. The Deposit Agreement is filed with the SEC and is readily accessible by the public. The fee per depositary receipt is not dependent on the total amount of dividend being paid but the amount of shares held. SEC Section 31 Fees for US Shares Saxo Capital Markets passes on to clients the SEC Section 31 fee of $22.40 per million (0.224 BP) on US exchange stock SELL transactions where client orders are entered directly into the underlying market. This fee applies only to US exchanges. To read more about Section 31 visit: Stock Transfer Out fee Transfers of Stock from a Saxo Capital Markets trading account to an alternative account in the same name will be subject to a stock transfer out fee, which will be charged as follows: DK Stocks: 25 EUR per ISIN (max. 160 EUR) Other Stocks: 50 EUR per ISIN (max. 160 EUR) All information in this document is subject to change. For a complete and uptodate overview, please visit the Stock Trading Rates and Conditions section on our website.

19 Futures Trading Rates & Conditions Commissions for online traded contracts The below list of commissions are for each contract and for each trade (buy or sell) through SaxoTrader and exclude exchange fees which are listed under the contract specifications. Contract Currency ,000 1,001 5,000 AUD AUD AUD 5.00 AUD 2.50 EUR EUR 6.00 EUR 3.00 EUR 1.50 GBP GBP 5.00 GBP 2.50 GBP 1.25 SGD SGD SGD 7.50 SGD 3.75 USD USD 6.00 USD 3.00 USD 1.50 CHF CHF 8.00 CHF 4.00 CHF 2.00 JPY JPY 1, JPY JPY SEK SEK 75 SEK 40 SEK 20 CAD CAD 6.00 CAD 3.00 CAD 1.50 HKD (fullsized HKD 45 HKD 30 HKD 20 contracts) HKD (mini contracts) HKD 30 HKD 25 HKD 20 BRL (fullsized BRL 20 BRL 15 BRL 10 contracts) BRL (mini contracts) BRL 15 BRL 10 BRL 7.5 NZD NZD 15 NZD 7.5 NZD 4.0 The minimum commission per trade is USD 10, EUR 10, GBP 8, CHF 11, AUD 12.5, CAD 10, JPY 1200, SEK 100, NZD 15 or SGD 20. These commissions are for each contract and for each trade (buy or sell) through SaxoTrader and exclude exchange fees which are listed under the contract specifications. If you trade more than 5,000 contracts per month please contact us for pricing. Commissions for offlinetraded contracts For contract futures not traded directly online, a commission fee of USD 15 per contract per trade is charged which includes exchange fees. All information in this document is subject to change.

20 Contract Options Trading Rates & Conditions Online Contract Options are traded on existing monthly volumebased commissions: Contract Currency Trade Volume: Contracts/Month AUD EUR GBP SGD USD CHF JPY 1, SEK CAD HKD Minimum ticket fees When trading Contract Options at Saxo Capital Markets UK Limited, there are no minimum ticket fees as each trade is subject to a flatrate fee based on the applicable volume bracket. If you trade more than 5,000 contracts per month please contact a sales representative to discuss an appropriate pricing structure based upon your trading volumes. In the event that no agreement exists to the contrary, you will be charged the default pricing category which is the highest price listed in the above table. Moves to different price categories take place at the discretion of Saxo Capital Markets UK Limited and always take effect from the beginning of the following month without any adjustment in commissions already paid. All information in this document is subject to change. For a complete and uptodate overview, please visit the Contract Options Trading Rates and Conditions section on our website.

21 Rates and Conditions for Single Stock Options Commission costs The existing monthly volumebased pricing for standard Contract Options will be adopted for Stock Options. Stock Options Contracts Trade volume: Contracts/Month Currency ,001 5,000 AUD AUD 5.00 AUD 3.00 EUR EUR 3.00 EUR 2.00 GBP GBP 2.5 GBP 1.5 USD USD 3.00 USD 2.00 CHF CHF 4.00 CHF 3.00 HKD HKD 30 HKD 20 Minimum Ticket None Saxo Capital Markets charges clients a perlot fee to trade Single Stick Options, where the fee is dependent on the number of Stock Options the client trades in the previous calendar month. If you trade more than 5,000 contracts per month please contact a sales representative to discuss an appropriate pricing structure based upon your trading volumes. In the event that no agreement exists to the contrary, you will be charged the default pricing category which is the highest price listed in the above table. Expiry All positions are subject to an Auto Exercise procedure at expiry: All long positions on IntheMoney are assumed to be exercised All short positions on IntheMoney are assumed to be exercised All positions on OutoftheMoney and AttheMoney options are abandoned All information in this document is subject to change.

22 Bonds Rates & Conditions Commissions for offline trading Commission: 0.08% Minimum commission: EUR 80 Custody fees Bond currency Annual Fee EUR 0.12% USD 0.12% GBP 0.12% NOK 0.12% DKK 0.12% CZK 0.12% Other Currencies 0.12% Bond margin collateral Saxo Capital Markets allows collateral invested in Bonds to be used for margin trading activities. The percentage of the collateral that can be used for margin trading depends on the rating of the bond: Definition Margin collateral Highest Rating 95% Very High Quality 90% High Quality 80% All information in this document is subject to change.

23 Rates and Conditions for Trading SIPP Funds The Standard retail rates and conditions apply when trading your SIPP Funds with Saxo Capital Markets UK Limited, with the exception of Stock & ETF CFD commissions where the following will apply: CFD Trading Rates & Conditions Commission Rate Minimum Commission CFD Financing (Long/Short) EUROPE Austria (VIE) 0.15% EUR 18 3pp/2.5pp Belgium (BRU) 0.15% EUR 18 3pp/2.5pp Czech Republic (PRA) 0.25% CZK pp/4.5pp Denmark (CSE) 0.15% DKK 110 3pp/2.5pp Finland (HSE) 0.15% EUR 18 3pp/2.5pp France (PAR) 0.15% EUR 18 3pp/2.5pp Germany (FSE) 0.15% EUR 18 3pp/2.5pp Greece (AT) 0.5% EUR 18 3pp/2.5pp Hungary (BUD) 0.50% HUF 6,000 3pp/2.5pp Italy (MIL) 0.24% EUR 18 3pp/2.5pp London International (LSE_INTL) 0.15% USD 30 3pp/2.5pp Netherlands (AMS) 0.15% EUR 18 3pp/2.5pp Norway (OSE) 0.15% NOK 110 3pp/2.5pp Poland 0.375% PLN 120 3pp/2.5pp Portugal (LISB) 0.15% EUR 18 3pp/2.5pp Spain (SIBE) 0.15% EUR 18 3pp/2.5pp Sweden (SSE) 0.15% SEK 110 3pp/2.5pp Switzerland (SWX) 0.15% CHF 25 3pp/2.5pp Turkey (IST) 0.20% TRY pp/4.5pp UK (LSE_SETS) 0.15% GBP 12 3pp/2.5pp NORTH AMERICA Nasdaq (NASDAQ) $0.03 CFD USD 30 3pp/2.5pp New York (NYSE) $0.03 CFD USD NYSE ARCA (NYSE_ARCA) 3pp/2.5pp $0.03 CFD USD 30 3pp/2.5pp Toronto (TSE) $0.04 CFD CAD 35 3pp/2.5pp Toronto (TSX) $0.04 CFD CAD 35 3pp/2.5pp US (AMEX)* $0.03 CFD USD 30 3pp/2.5pp ASIA/PACIFIC Australia (ASX) 0.15% AUD 13 3pp/2.5pp Hong Kong (HKEY)** 0.375% HKD 140 3pp/2.5pp Singapore (SGXST) 0.39% SGD 25 3pp/2.5pp Tokyo (TYO) 0.225% JPY 1,500 3pp/2.5pp AFRICA South Africa*** 0.25% ZAR pp/3pp

24 Increased margin requirements will apply to the following products subject to the terms and conditions of your SIPP trustee: Stock & ETF CFDs Rating Product / Margin Group Instrument Requirement 1 Stock Index Trackers 25% 2 Single Stock CFDs & ETF/ETC CFDs 25% 3 Single Stock CFDs & ETF/ETC CFDs 25% 4 Single Stock CFDs & ETF/ETC CFDs 25% 5 Single Stock CFDs & ETF/ETC CFDs 25% 6 Single Stock CFDs & ETF/ETC CFDs 100% 7 Single Stock CFDs & ETF/ETC CFDs 100% 8 Single Stock CFDs & ETF/ETC CFDs 100% Bond, Commodity & Forex CFDs CFD Type Margin Requirement Bond CFDs 10% Commodity CFDs 10% Forex CFDs 10% Index CFDs 10% Forex Base Currency Margin Requirement AUD, CAD, CNH, EUR, DKK, USD, 10% GBP, JPY, NOK, NZD, SEK, SGD & ZAR HKD, HUF, PLN, XAG & XAU 12% CHF 10% RUB 40% All other 16% Futures Double the exchange minimum

25 Rates and Conditions for Trading Limited Leverage Accounts A limited leverage account means that we have enabled you to trade margined products at our standard account commission and rates however increased margin requirements will apply as below: Stock & ETF CFDs Rating Product / Margin Group Instrument Requirement 1 Stock Index Trackers 25% 2 Single Stock CFDs & ETF/ETC CFDs 25% 3 Single Stock CFDs & ETF/ETC CFDs 25% 4 Single Stock CFDs & ETF/ETC CFDs 25% 5 Single Stock CFDs & ETF/ETC CFDs 25% 6 Single Stock CFDs & ETF/ETC CFDs 100% 7 Single Stock CFDs & ETF/ETC CFDs 100% 8 Single Stock CFDs & ETF/ETC CFDs 100% Bond, Commodity & Forex CFDs CFD Type Margin Requirement Bond CFDs 10% Commodity CFDs 10% Forex CFDs 10% Index CFDs 10% Forex Base Currency Margin Requirement AUD, CAD, CNH, DKK, USD, 10% GBP, JPY, NOK, NZD, SEK, SGD & ZAR HKD, HUF, PLN, XAG & XAU 12% CHF 10% RUB 40% All other 16% Futures Double the exchange minimum

26 Important Information All information in this document is subject to change. For a complete and uptodate overview please refer to our website or contact us for further information. The products available for trading on our platform are leveraged products and carry a high level of risk to your capital as it is possible to lose more than your initial investment. These products may not be suitable for everyone and therefore ensure you understand the risks and if you remain unsure you should seek independent advice. If you have been introduced to Saxo Capital Markets UK Limited (SCML) by an introducing broker, SCML may pay a percentage of any commissions, fees and other income as a result of your trading with SCML. As a result of any commission sharing arrangement you be subject to trading commissions which are above the standard rates published in this document. For further details of any commission sharing arrangements is available upon written request. The information contained within this document was correct at the time of publication and is subject to change any time. This document refers to commissions/trading conditions for standard order types and for other order types such as Algorithmic Orders an additional commission and minimum order size may be apply. For further details you should refer to our website Saxo Capital Markets UK Limited is authorised and regulated by the Financial Conduct Authority, Firm Reference Number Registered address: 26th Floor, 40 Bank Street, Canary Wharf, London E14 5DA. Company number