Saxo Capital Markets offers trading of the FX Vanilla Options.
FX Vanilla Options can be traded from the Trade ticket in the "Option" tab.
At Saxo Capital Markets, Forex Vanilla Options can be either bought or sold.
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FX Vanilla Options
A Vanilla option is a derivative financial instrument that gives the buyer the right, but not the obligation, to either buy ("Call") or sell ("Put") a predefined notional amount of a currency cross at a pre-defined price ("Strike price") at a predefined date in the future (“Expiry date”). The seller of the option has a corresponding obligation to fulfil the transaction should the buyer decide to “exercise” his right.
Please note that short positions in options carry more risk than long positions as the potential loss could amount to the total payout, whereas in the case of a long position, the potential loss is limited to the premium paid.
Additional information regarding FX Options can be found here.