Saxo Bank Japan Reduces Minimum Trading Unit for Stock Index CFDs

Saxo Bank Securities Ltd. ("Saxo Bank Japan"), the investment and trading specialist, has informed its clients of reducing minimum trading unit for stock index contracts for differences (CFDs) from 1 to 0.1 or 0.01, depending on the instrumemt.

As detailed in the official press release, the minimum trading unit for three major U.S. indices and various European and Asian stock index CFDs become lower. The company currently provides more than 20 stock index CFDs on its platform.

Until now, the minimum trading unit for the US N100 stock index was 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, according to the broker.

Earlier this month, Fazzaco reported that Saxo Bank Japan will terminate the support of MetaTrader4​ (MT4) on September 4, 2022, with the exception of some customers, stated the company in its notice.