Saxo Bank Japan changes minimum trading unit for stock index CFDs
Multi-asset investment specialist Saxo Bank Japan has reviewed the minimum trading unit for stock index CFDs, and now its clients can trade from a quantity of 0.1 or 0.01 depending on the brand.
For example, until now, the US N100 stock index had a minimum trading unit of 1, so a minimum of 176,951 yen was required for trading. However, since the minimum trading unit has been changed to 0.01, it is now possible to trade from 1,770 yen.
In addition to the three major U.S. indices, the minimum trading unit for various European and Asian stock index CFDs has been changed, making it easier to trade. Saxo Bank invites traders if to consider the change in trading conditions for various stock index CFDs as an opportunity to try trading these instruments.
Speaking of Saxo Bank’s offering in Japan, let’s note that the broker has suspended the new purchases of some foreign stocks. The suspension is effective August 23, 2022.
The full list of affected stocks can be found here.