- Sweden
Compare Forex Brokers
Compare popular forex brokers in Sweden. Get an overview of fees, features, and markets.
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Last Updated: October 10th
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- IG
- Skilling
- AvaTrade
- Degiro
- Pepperstone
- Plus500
- eToro
IG
Features:
- Markets: Access to 17,000+ instruments, including forex, shares, indices, commodities, and cryptocurrencies.
- Platforms: Proprietary platform, MetaTrader 4, ProRealTime, TradingView, and award-winning mobile apps.
- Fees: Competitive spreads; transparent pricing; inactivity and overnight fees apply.
- Leverage: Up to 1:30 for retail traders; higher for professionals.
- Risk Management: Includes guaranteed stop-loss orders (GSLOs).
- Education & Research: Free courses, webinars, and in-depth analysis tools.
- Mobile Trading: Full-featured mobile app for seamless trading on the go.
Minimum Balance: No minimum deposit required; $300 recommended.
Offer: No specific welcome bonus currently advertised, though occasional offers like reduced spreads may be available.
IG is a well-established forex and CFD broker dating back to 1974. It offers a broad range of financial instruments, making it suitable for both retail and professional traders. IG is regulated by top-tier authorities, including the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). This level of regulation ensures that client funds and trading activities are conducted in a secure environment. IG places a strong emphasis on providing excellent customer support, market research, and educational resources. The combination of these factors has made IG a reputable and reliable choice in the trading community, appealing to both beginners and experienced traders.
- Regulated and Trustworthy: Supervised by top-tier regulators such as FCA, ASIC, and CFTC, offering a high level of fund protection.
- Wide Market Access: Provides access to over 17,000 markets, including forex, indices, commodities, and shares.
- Advanced Trading Platforms: Supports both proprietary and MT4 platforms, catering to diverse trading styles.
- Transparent Fees: Competitive spreads with clear pricing and no hidden charges.
- Risk Management Tools: Includes guaranteed stop-loss orders for effective risk control.
- Comprehensive Education: Offers a variety of educational resources, including webinars, courses, and a demo account for practice.
- Limited Promotions: No prominent welcome bonuses, unlike some competing brokers.
- Overnight Fees: Applies overnight funding costs for positions held overnight, which can accumulate for long-term trades.
- Complex Fee Structure: While transparent, the variety of fees (spread costs, overnight charges, etc.) may be confusing for new traders.
- Leverage Restrictions: Limited leverage (1:30) for retail clients, which may not suit high-risk trading strategies.
Skilling
Features:
- Markets: 1,200+ CFD instruments including forex, stocks, commodities, indices, and cryptocurrencies.
- Platforms: Skilling Trader, Skilling cTrader, MetaTrader 4, and Skilling Copy.
- Fees: Competitive spreads from 0.1 pips; no commission on selected instruments, inactivity fees apply.
- Leverage: Up to 1:30 for retail clients, higher for professionals.
- Risk Management: Risk management tools include negative balance protection and guaranteed stop-loss orders.
- Education: Extensive educational resources, including articles, webinars, and demo accounts.
Offer: No significant welcome bonus at the moment.
Minimum Balance: 100 USD minimum deposit.
Skilling is a Scandinavian-based CFD broker offering a wide range of markets and advanced trading platforms tailored for both beginner and experienced traders. With a strong focus on user experience, Skilling provides traders with advanced tools and risk management options, including cTrader and MetaTrader 4. The broker is fully regulated by CySEC, ensuring a high level of security and compliance. Skilling’s educational resources and competitive pricing make it a solid choice for traders looking for a modern and comprehensive trading solution.
- Multiple Trading Platforms: Offers a variety of platforms including Skilling Trader, cTrader, and MetaTrader 4, catering to different trading styles and experience levels.
- Wide Range of Instruments: Over 1,200 CFD products across multiple asset classes such as forex, commodities, stocks, and cryptocurrencies.
- No Commission on Selected Instruments: Competitive pricing with no commissions on selected products and low spreads from 0.1 pips.
- Regulated Broker: Fully licensed by CySEC, providing a secure and regulated trading environment.
- Comprehensive Educational Support: Extensive training materials, including webinars, trading articles, and demo accounts, perfect for beginners and experienced traders alike.
- Innovative Copy Trading Feature: Skilling Copy allows users to replicate expert trading strategies, offering a great learning tool for less experienced traders.
- Limited Promotions: Skilling lacks significant welcome bonuses or promotional offers compared to some competitors.
- Leverage Limitations: Retail clients are limited to leverage up to 1:30, which may not suit traders seeking higher risk exposure.
AvaTrade
Features:
- Markets: Access to forex, commodities, stocks, indices, and cryptocurrencies via CFDs.
- Platforms: Offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader, AvaTradeGO, and AvaOptions.
- Fees: Tight spreads with no commissions on trades; inactivity and overnight fees apply.
- Leverage: Up to 1:30 for retail traders, higher for professionals.
- Risk Management: AvaProtect, guaranteed stop-loss orders, and negative balance protection.
- Education: Comprehensive educational resources, including courses, webinars, and tutorials.
Offer: No offers currently available.
Minimum Balance: 100 USD minimum deposit.
AvaTrade is a globally recognized, highly regulated broker offering access to a variety of markets, including forex, stocks, indices, commodities, and cryptocurrencies via CFDs. With its comprehensive range of trading platforms (MT4, MT5, AvaTradeGO, WebTrader), the broker serves both retail and professional traders. AvaTrade stands out for its focus on security, risk management features like AvaProtect, and educational resources aimed at traders of all levels. It is regulated by authorities such as the FCA, ASIC, and the Central Bank of Ireland, ensuring a high level of trustworthiness.
- Wide Platform Availability: Offers MetaTrader 4, MetaTrader 5, AvaOptions, AvaTradeGO, and WebTrader, catering to different trading styles.
- Global Regulation: AvaTrade is regulated by top-tier authorities, including FCA, ASIC, and CySEC, offering traders peace of mind regarding fund security and regulatory compliance.
- Risk Management Tools: Features like AvaProtect allow traders to safeguard trades from losses over a chosen time frame, offering additional protection in volatile markets.
- Educational Resources: Provides extensive educational materials, including tutorials, webinars, and courses, making it accessible for both beginner and advanced traders.
- Mobile Trading: AvaTradeGO app offers an intuitive mobile trading experience with access to real-time data and trade execution.
- Overnight Fees: As with many brokers, AvaTrade applies fees for positions held overnight, which can add up for long-term CFD traders.
- Limited Leverage for Retail Clients: Leverage for retail traders is limited to 1:30 due to regulatory restrictions, which might not appeal to high-risk traders.
- Promotions Vary by Region: Although deposit bonuses are available, they depend on geographic location and may not be offered universally.
Degiro
Features:
- Global Market Access: DEGIRO offers access to over 50 exchanges across 30 countries, allowing users to invest in stocks, ETFs, indices, bonds, futures, options, and structured products.
- Low-Cost Trading: One of the lowest fee structures in the market, with no inactivity fees, and competitive pricing on ETFs and stocks.
- User-Friendly Platform: The proprietary platform is available on both web and mobile, providing real-time data, customizable watchlists, and quick order placement, making it ideal for both beginners and advanced traders.
- ETF Focus: Offers a wide range of ETFs, making it particularly attractive for long-term investors looking for diversified portfolios.
- Regulation and Security: DEGIRO is regulated by top-tier authorities like BaFin (Germany), DNB, and AFM (Netherlands), ensuring high standards of client.
Offer: None
Minimum Balance: No minimum deposit required.
DEGIRO is a low-cost, non-advisory broker known for offering access to a wide range of global financial markets, including stocks, indices, ETFs, bonds, and more. Initially launched as an institutional broker in 2008, DEGIRO began offering retail services in 2013 and has since grown to become one of Europe’s largest brokers, operating in 18 countries and serving over 2 million clients. It prides itself on providing affordable services, no hidden costs, and access to over 50 exchanges worldwide, making it ideal for long-term investors and traders seeking international diversification.
- Low Fees: DEGIRO is renowned for its low-cost trading, with no inactivity fees and competitive pricing on stocks, ETFs, and other financial instruments.
- Wide Range of ETFs: It offers a vast selection of ETFs, making it suitable for long-term investors who seek diversified exposure.
- No Minimum Deposit: Traders can open an account without needing a minimum deposit, which makes it accessible to beginners.
- User-Friendly Platform: DEGIRO’s proprietary platform is simple and easy to use, catering to both beginners and experienced investors.
- Global Market Access: Access to more than 50 exchanges in over 30 countries, offering strong opportunities for global portfolio diversification.
- Limited Research Tools: DEGIRO does not provide extensive research tools or advisory services, which may not be ideal for traders seeking in-depth analysis or real-time research.
- No Forex Trading: DEGIRO does not support forex trading, limiting its appeal to those who want to trade currency pairs.
- No Demo Account: It lacks a demo account feature, which could deter beginners who want to practice trading without risking real money.
Pepperstone
Features:
- Markets: Over 1,200 CFD instruments including forex, commodities, indices, cryptocurrencies, and shares.
- Platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, and TradingView.
- Fees: Tight spreads starting from 0.0 pips; low commissions on forex trades.
- Leverage: Up to 1:30 for retail traders.
- Risk Management: Tools include negative balance protection and guaranteed stop-loss orders.
- Education: Learning hub with webinars, trading guides, and analysis.
Offer: None
Minimum Balance: No minimum deposit.
Pepperstone is an award-winning CFD and forex broker known for offering competitive pricing, fast execution, and deep liquidity. The broker provides access to a broad range of markets through industry-leading platforms like MetaTrader 4, MetaTrader 5, and TradingView. With strong regulatory oversight, including ASIC and FCA, Pepperstone ensures a secure and transparent trading environment. Its user-friendly platform is ideal for both beginner and advanced traders, offering comprehensive educational resources and advanced risk management tools. Pepperstone’s focus on technology, pricing, and client support has earned it global recognition.
- Competitive Spreads: Offers forex trading from 0.0 pips on major currency pairs.
- Multiple Platforms: MetaTrader 4, MetaTrader 5, cTrader, and TradingView available for flexible trading.
- Fast Execution: Low-latency execution with access to deep liquidity from multiple Tier 1 banks.
- Comprehensive Support: Provides a strong educational hub with webinars, market insights, and a user-friendly platform.
- Regulated Broker: Fully regulated by ASIC, FCA, and CySEC, ensuring a secure trading environment.
- Wide Range of Markets: Access to over 1,200 financial instruments.
- No Significant Promotions: Lacks major welcome bonuses or promotional offers.
- Limited Leverage for Retail Clients: Capped at 1:30 for retail traders due to regulatory compliance.
Plus500
Features:
- Markets: 2,800+ CFDs on forex, shares, commodities, indices, and cryptocurrencies.
- Platforms: Proprietary Plus500 platform with mobile apps.
- Fees: Tight spreads, no commissions on trades; overnight and inactivity fees apply.
- Leverage: Up to 1:30 for retail clients, higher for professionals.
- Risk Management: Offers tools like guaranteed stop-loss orders and risk alerts.
- Education: Free demo account and trading academy.
Offer: No specific welcome bonus advertised.
Minimum Balance: $100 minimum deposit for standard accounts.
Plus500 is a well-established CFD broker, providing access to a wide range of financial markets through its user-friendly platform. It offers a secure, regulated trading environment, with advanced risk management tools and no commission on trades. Its strong customer support, extensive market access, and focus on security make it a popular choice among retail traders.
- User-friendly platform and mobile apps.
- Wide market access with tight spreads.
- Regulated by global authorities (FCA, CySEC, ASIC).
- No commissions on trades.
- Strong risk management tools.
- Inactivity and overnight fees apply.
- Limited to CFD trading only.
- No significant promotions or welcome bonuses.
eToro
Features:
- Markets: Trade over 2,000 assets including forex, cryptocurrencies, stocks, indices, and commodities.
- Platforms: eToro’s proprietary platform with web and mobile versions, featuring CopyTrader and advanced tools.
- Fees: Competitive spreads with no commissions on stock trading; overnight fees apply.
- Leverage: Up to 1:30 for retail clients in compliance with regulations.
- Risk Management: Includes negative balance protection and customizable stop-loss orders.
- Education: Extensive resources, including webinars, tutorials, and trading guides.
Offer: No specific welcome bonus currently advertised.
Minimum Balance: 100 USD minimum initial deposit. For following deposits, no minimum applies.
eToro is a popular social trading and multi-asset brokerage, known for its innovative CopyTrader feature, allowing users to automatically copy the trades of successful traders. With a focus on user-friendly interfaces and global market access, eToro caters to both novice and experienced traders. The platform is regulated by CySEC, FCA, and ASIC, ensuring compliance and security.
- CopyTrader Feature: Replicate top traders’ portfolios with ease.
- Comprehensive Market Access: Trade forex alongside stocks, cryptos, and more.
- User-Friendly: Simple platform with integrated social features for community interaction.
- Educational Support: Extensive resources for all experience levels.
- Overnight Fees: Charges for holding positions overnight.
- No Forex-Specific Promotions: Lacks significant forex-specific promotions.
- Leverage Limits: Capped leverage for retail traders (1:30) may not suit high-risk strategies.
Frequently Asked Questions
Forex trading involves buying and selling currency pairs, profiting from fluctuations in exchange rates. In Sweden, this is done through brokers that offer access to global markets. Most forex trades are conducted using Contracts for Difference (CFDs), which allow traders to speculate on price movements without owning the underlying asset. Swedish traders can access these markets via regulated forex brokers, which are included in this comparison.
Forex brokers operating in Sweden are usually regulated by the Swedish Financial Supervisory Authority (Finansinspektionen) or other international regulatory bodies like ESMA. This ensures that brokers adhere to strict standards for transparency, security, and client protection. It’s essential to verify that your broker complies with regulatory requirements to minimize risk.
Commonly traded currency pairs for Swedish traders include the EUR/USD, GBP/USD, and USD/SEK, where traders can speculate on the exchange rate between the Swedish krona and major global currencies. Brokers on this list typically offer these pairs, along with other major, minor, and exotic currency combinations.
Yes, traditional brokers like Avanza and Nordnet offer exposure to forex markets through products like mini futures, bull and bear certificates, and other exchange-traded products (ETPs). However, these platforms are not dedicated forex brokers. The brokers covered in this list, such as IG and Plus500, specialize in CFDs, providing more comprehensive tools for forex trading.
Forex trading is highly speculative and can lead to significant losses due to market volatility. Using leverage, which allows traders to open larger positions with less capital, also increases risk. It’s important to implement risk management strategies like stop-loss orders and ensure that you fully understand the market before investing.
CFDs (Contracts for Difference) are financial derivatives that allow traders to speculate on the price movement of an underlying asset, such as forex, without actually owning the asset. In forex trading, brokers use CFDs to give traders access to currency pairs. For example, with Pepperstone or IG, you can trade forex pairs via CFDs, profiting from price fluctuations in currencies like EUR/USD or GBP/JPY.
With CFDs, you can trade with leverage, meaning you only need to deposit a fraction of the trade’s total value. However, this also increases risk, as losses can exceed initial investments. Aside from forex, CFDs can also be used to trade other assets like commodities, indices, and cryptocurrencies.
The main benefit of trading CFDs is the ability to access a wide range of markets, such as forex, shares, and commodities, from one platform. Brokers like Plus500 and Vantage Markets offer CFDs across various instruments with flexible leverage options, enabling traders to diversify their portfolios. Additionally, CFDs allow both long (buy) and short (sell) positions, giving traders the ability to profit from both rising and falling markets.
However, the risks include leverage magnifying potential losses, spreads affecting profitability, and the fact that CFDs are not suitable for long-term investments due to overnight holding fees.
Overview & Comparison
Get an overview and comparison of popular forex brokers in Norway.