Best Sweden Trading Platforms & Brokers Regulated by FI (2024)

Sweden is a relatively small country in terms of size and population but this has hardly prevented it from growing into a real powerhouse where finance is concerned. It is one of the wealthiest nations in Europe, and in the world as a whole, boasting a developed economy that predominantly depends on technology, services, telecommunications, and exports for growth.

These factors combined greatly contribute to the popularity of online trading among residents of the country. Trading the global markets is becoming increasingly popular among Swedes, who can invest with confidence thanks to the high levels of regulation and consumer protection. The Swedish Financial Supervisory Authority (SFSA) monitors the entire financial sector and issues licenses to online brokers looking to legally penetrate the local market.

As part of the European Union, Sweden has aligned its financial regulatory framework with those applicable in other member states. The EU passporting system enables all brokers licensed by the Swedish financial watchdog to service customers in other member states, and vice versa. Because of this, Swedes face no shortage of adequately regulated trading sites. If you are interested to learn more about trading regulations in the Nordic country, you have come to the right place. But first, here are the top 10 online brokers catering to traders from the local market.

Best Brokers in Sweden

Finding a trusted online broker is a vital step toward becoming a profitable trader. A solid broker stands out with low and transparent pricing, ample educational content, an abundance of research tools, outstanding customer service, a broad range of supported markets, and powerful trading platforms. It operates in full compliance with the rules set out by the financial watchdogs of the countries it services, which is equally important.

We factored in these criteria while preparing our ranking of the best brokers in Sweden and can confidently say they possess all the attributes described above. Continue reading as we give you the full details about each recommended Sweden-friendly broker so that you can easily determine which one is the best fit for your individual needs.

1. TRADE NOWREAD REVIEW

   Regulators

   • Sweden Financial Supervisory Authority (SFSA)
   • Cyprus Securities and Exchange Commission (CySEC)
   • Finland Financial Supervisory Authority (FFSA)
   • Federal Financial Supervisory Authority (BaFin)
   • UK Financial Conduct Authority (FCA)
   • Netherlands Authority for Financial Markets (AFM)
   • Spain National Securities Market Commission (NSMC)
   • National Bank of Hungary (NBH)
   • Italian Companies and Commission Exchange (CONSOB)
   • French Prudential Supervision and Resolution Authority (PSRA)
   • Polish Financial Supervision Authority (PFSA)

   Platforms

   MT4, MT5, WebTrader (MT4, MT5), Native Apps for iOS 14.0 and Android 7.0

   1. XM

   Min Deposit

   €5 for all retail accounts

   Fees

   • Free deposits and withdrawals
   • A €5 monthly fee after 90 days of inactivity

   Deposit Methods

   

   Commissions

   • Zero commissions on Ultra Low Micro and Ultra Low Standard accounts
   • €1 per side for major US stocks
   • €9 per side for UK stocks
   • €5 per side for German stocks

   Spread

   • Starts from 0.0 pips for Zero accounts
   • Starts from 0.6 pips for Ultra Low Standard and Ultra Low Micro accounts

   Withdrawal Methods

   

   Leverage EU

   30:1

   Leverage non-EU

   1,000:1

   Instruments

   Forex, stocks, equity indices, energies, precious metals, soft commodities

   Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.37% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please consider our Risk Disclosure.

   XM is a trusted broker that enjoys a stellar reputation in the online trading community. Its high trust score among traders can be attributed to its excellent track record, full regulatory compliance, solid customer support, and broad range of tradable products. The broker services Swedes with a license granted by the Swedish Financial Supervisory Authority (SFSA) but is also regulated in various other EU countries, including Cyprus, the Netherlands, the UK, and Germany.

   At XM, traders can find more than 1,000 financial instruments that range from metals, stocks, and forex to energies and indices. Customers can access this massive portfolio of product offerings via powerful platforms like MT5 and MT4, which are available in downloadable desktop and web format. XM makes trading on the go possible via robust native apps compatible with portable devices running on Android and iOS. Retail customers from Sweden can take advantage of maximum leverage of up to 30:1, while those who trade from outside the EU will benefit from higher ratios reaching 1,000:1.

   Trading costs are generally low at XM but are closely related to the type of account you set up. Zero accounts offer the lowest spreads starting from zero pips but commissions are in place. Traders who opt for Standard and Micro accounts pay no commission but the minimum spreads are higher at 0.6 pips. All three account types support swap-free trading to accommodate Islamic customers who cannot earn or pay interest due to their religious beliefs.

   XM goes the extra mile when it comes to education and research amenities. An entire section of the website is dedicated to helping customers improve their trading skills and knowledge. Beginner and advanced traders alike have access to live educational rooms on weekdays. Various classes and expert opinions are streamed in real time from early morning till late afternoon. All in all, XM is a wise choice for traders from all walks of life, regardless of their style, risk appetites, and experience level.

2. TRADE NOWREAD REVIEW

   Regulators

   • Australian Securities and Investments Commission (ASIC)
   • Vanuatu Financial Services Commission (VFSC)

   Platforms

   MT4, MT5, WebTrader, Fusion+, DupliTrade

   2. Fusion Markets

   Min Deposit

   No minimum deposit requirements

   Fees

   • Free deposits and withdrawals
   • No monthly fees for inactivity

   Deposit Methods

   

   Commissions

   • €2.25 per side on Zero accounts
   • No commission on Classic accounts

   Spread

   • Starts from 0.0 pips on Zero accounts
   • Starts from 0.9 pips on Classic accounts

   Withdrawal Methods

   

   Leverage EU

   • 500:1 for forex, metals, and soft commodities
   • 100:1 for equity indices
   • 20:1 for US stocks
   • 10:1 for cryptocurrencies

   Leverage non-EU

   • 10:1 for cryptocurrencies
   • 100:1 for indices
   • 500:1 for currency pairs and metals

   Instruments

   Forex, energies, precious metals, shares, indices, soft commodities

   Risk Warning: Gleneagle Securities Pty Limited (Company Number 40256) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, and the Product Disclosure Statement (PDS) (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice.

   Fusion Markets was launched by a group of professionals whose combined experience in the financial industry spans more than five decades. The company focuses on delivering high-quality trading at radically lower pricing and makes it possible for customers to speculate on the price movements of over 250 products. It offers no-dealing-desk trading with more than 90 currency pairs, indices, and 100 equity shares via contracts for difference. Customers can go long and short with competitively priced commodities like gold, platinum, silver, copper, cocoa, sugar, wheat, and coffee.

   The choice of platforms is broad, with MT4, MT5, and WebTrader being the most popular options. Copy trading is possible via the robust DupliTrade third-party platform and the broker’s proprietary Fusion+ software. Fusion Markets provides a streamlined trading experience with dedicated mobile applications compatible with iOS and Android devices. Professional customers can manage the funds of other clients with the help of the broker’s MAM (Media Asset Management) system.

   The broker offers friendly customer support via live chat, email, and telephone. Additionally, there is a comprehensive FAQ section that addresses all common queries new customers might have. Fusion Markets facilitates transactions with a massive range of banking solutions and charges no fees on deposits or withdrawals. Traders whose live accounts have remained dormant for one reason or another are not charged for inactivity.

3. TRADE NOWREAD REVIEW

   Regulators

   • Australian Securities and Investments Commission (ASIC)
   • Vanuatu Financial Services Commission (VFSC)

   Platforms

   MT4, MT5, cTrader, TradingView, Myfxbook Autotrade

   3. Global Prime

   Min Deposit

   No minimum deposit requirements

   Fees

   Free deposits with Visa and Mastercard

   Deposit Methods

   

   Commissions

   • No commission on Standard accounts
   • $/€3.5 per side on Raw accounts

   Spread

   • From 0.0 pips on Raw Accounts
   • From 0.9 pips on Standard Accounts

   Withdrawal Methods

   

   Leverage EU

   • 100:1 under the Vanuatu license
   • 20:1 for US stocks
   • 5:1 for cryptocurrencies

   Leverage non-EU

   • 30:1 for major forex pairs under the ASIC license
   • 20:1 for minor forex pairs, gold, and indices
   • 10:1 for other commodities
   • 5:1 for US stocks
   • 2:1 for cryptocurrencies

   See Also

   13 BEST Prop Trading Firms (2024 uppdatering)Proprietary trading : What It is prop trading ,How It Works,Differences between Forex Proprietary Firms and Forex Brokers.

   Instruments

   Forex, commodities, bonds, CFDs, equity indices, cryptocurrencies

   Trading derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Any Information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Past performance of any product described on this website is not a reliable indication of future performance. You should consider whether you’re part of our target market by reviewing our Target Market Determination, and read our PDS and other legal documents to ensure you fully understand the risks before you make any trading decisions.

   Global Prime welcomed its first retail customers in 2011 and has since established itself as a well-known name in the online trading landscape. With narrow spreads from zero pips, no minimum account size requirements, 24/7 customer support, and no deposit fees, there is plenty to rave about when it comes to Global Prime. The broker boasts decent enough coverage of the global markets and offers competitive prices for forex, bonds, commodities, indices, shares, and cryptocurrencies.

   The company provides uncomplicated access to these financial instruments as it supports familiar and widely used platforms like MetaTrader 4. Two main account types are available. Standard accounts are ideal for less experienced customers who wish to keep things as simple as possible and avoid calculating the costs associated with each position. There are no commissions in this case – the costs are built into the spreads, which start from 0.9 pips.

   Raw accounts are a viable option for more adept traders looking to closely monitor their commission-related expenses. The spreads here are narrower since they go as low as zero pips but a round-turn commission of €7 per lot is charged instead. Both accounts are available in demo format, allowing customers to give them a free test drive and see which one better corresponds to their requirements. Traders can increase their exposure by taking advantage of flexible leverage that ranges between 1:1 and 100:1. New clients can choose their preferred leverage ratio during the registration process.

   All in all, Global Prime is ideally suited to novice traders who want to focus on building expertise and taking their trading to the next level. The broker caters to their needs with trading calculators, an economic calendar, and daily market reports. Copy trading is also possible for those who connect their Global Prime accounts to their Myfxbook AutoTrade accounts.

4. TRADE NOWREAD REVIEW

   Regulators

   • Cyprus Securities and Exchange Commission (CySEC)
   • UK Financial Conduct Authority (FCA)
   • Australian Securities and Investments Commission (ASIC)
   • Federal Financial Supervisory Authority (BaFin)
   • Kenya Capital Markets Authority (CMA)
   • Dubai Financial Services Authority (DFSA)

   Platforms

   MT4, MT5, cTrader, TradingView, Capitalise.ai

   4. Pepperstone

   Min Deposit

   No minimum deposit requirements

   Fees

   • Free deposits and withdrawals
   • No monthly fees for inactivity

   Deposit Methods

   

   Commissions

   €5.20 per lot for stock positions placed via MT4 and MT5 Razor accounts

   Spread

   Starts from 0.0 pips on forex majors with Razor accounts

   Withdrawal Methods

   

   Leverage EU

   • 30:1 for retail customers
   • 500:1 for professional traders

   Leverage non-EU

   400:1 for Saudi Arabia, 50:1 for Dubai

   Instruments

   Forex, stocks, ETFs, commodities, cryptocurrencies, equity indices

   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

   Since launching back in 2010, Pepperstone has established itself as one of the most prominent names on the online trading scene, building a loyal following of customers thanks to its competitive pricing, robust trading portal, and varied market portfolio that encompasses over 1,200 instruments. The company focuses on providing low-cost trading in forex, commodities, stocks, indices, and cryptocurrencies. It is regulated by some of the toughest financial watchdogs in the world, including the CySEC, ASIC, BaFin, and the FCA.

   New clients from Sweden can get into the game with a starting balance they feel comfortable with since Pepperstone has waived its minimum deposit requirements. They will benefit from tight forex spreads and competitive commissions on their stock trades. Pepperstone segregates the funds of customers from its operating capital in full compliance with the rules set out by its regulators.

   Educational content is plentiful at Pepperstone, with traders having access to comprehensive guides, webinars, and informative videos. These are complemented by valuable market analysis and monitoring tools like the economic calendar, technical indicators, and expert advisors. The broker works with a wide range of platforms to accommodate every investment style. MT4, MT5, TradingView, and cTrader are all supported by Pepperstone.

   The renowned broker offers outstanding customer support available via live chat and telephone in several languages. Retail customers can choose between commission-free Standard accounts and Raw accounts where minimum spreads start from zero pips. Funding your live account is a hassle-free process as the broker accepts deposits with all popular payment methods, from standard bank transfers and cards to digital wallets. All these aspects combined make for a seamless online trading experience that will appeal to both casual and serious investors.

5. TRADE NOWREAD REVIEW

   Regulators

   • Cyprus Securities and Exchange Commission (CySEC)
   • UK Financial Conduct Authority (FCA)
   • Australian Securities and Investments Commission (ASIC)
   • Seychelles Financial Services Authority (SFSA)
   • Securities Commission of the Bahamas (SCB)

   Platforms

   MT4, TradingView, Proprietary Web Platform, Native Apps for Android 5.1 and iOS 13.0

   5. Capital.com

   Min Deposit

   €20 for all supported payment methods

   Fees

   • Free deposits and withdrawals
   • No maintenance fees for account inactivity

   Deposit Methods

   

   Commissions

   No commissions (trading costs are built into the spread)

   Spread

   0.00006 for EUR/USD

   Withdrawal Methods

   

   Leverage EU

   30:1 for major currency pairs

   Leverage non-EU

   • 200:1 for forex pairs
   • 50:1 for indices and commodities
   • 20:1 for shares
   • 5:1 for cryptocurrencies

   Instruments

   Forex, commodities, indices, shares, cryptocurrencies, CFDs, ETFs

   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

   Established in 2016, Capital.com is a global provider of online trading services that has registered offices in multiple jurisdictions, including Poland, Cyprus, the UK, Gibraltar, and Australia. The company may lack the experience of some of its competitors but compensates with tight pricing, an award-winning mobile app, and an outstanding product portfolio that comprises over 3,700 markets. It supports familiar platforms like TradingView and MetaTrader 4, although using its proprietary browser-based platform is also an option.

   Customers are guaranteed to enjoy a hassle-free trading experience, regardless of what device they use. The broker provides transparent pricing without any hidden fees whatsoever. There are no inactivity fees and spreads start from 0.00006 pips for forex majors like EUR/USD. No commissions are in place as the broker profits mainly from spreads, guaranteed stop premiums, and trade holding charges on overnight positions. All associated costs are clearly listed on the website to prevent misunderstanding on behalf of customers.

   Stocks comprise the largest asset category available for trading at Capital.com as clients can speculate on the price movements of more than 3,000 equity shares. This massive portfolio of tradable stocks can be filtered based on country and sector. Forex traders face a choice from a nice variety of currency pairs, with filtering options for the top risers, top fallers, and the most volatile currencies. Customers can diversify their portfolios by throwing equity indices, commodities, and cryptocurrencies into the mix.

   Capital.com facilitates payments with a varied range of trusted methods, including the Swedish-based online banking processor Trustly. Depositing or withdrawing to and from your live balance is not associated with additional charges. The CySEC-licensed broker does not impose monthly inactivity fees on dormant accounts, either.

6. TRADE NOWREAD REVIEW

   Regulators

   • Swedish Financial Supervisory Authority (SFSA)
   • UK Financial Conduct Authority (FCA)
   • German Federal Financial Supervisory Authority (SFSA)
   • Australian Securities and Investments Commission (ASIC)
   • US Commodity Futures Trading Commission (CFTC)
   • New Zealand Financial Markets Authority (FMA)
   • Monetary Authority of Singapore (MAS)
   • Bermuda Monetary Authority (BMA)
   • Dubai Financial Services Authority (DFSA)

   Platforms

   ProRealTime, MT4, L2 Dealer, Proprietary Web Platform, Native Apps for Android 7.0 and iOS 15.0

   6. IG

   Min Deposit

   SEK 3,000 (€50)

   Fees

   • Free deposits and withdrawals
   • A monthly fee of SEK 120 after 24 consecutive months of inactivity

   Deposit Methods

   

   Commissions

   0.10% per side (min. €10) for EU and UK stocks

   Spread

   • 0.1 pts for commodities
   • 0.6 pts for major currency pairs
   • 0.5 pts for major indices

   Withdrawal Methods

   

   Leverage EU

   • 30:1 for major currency pairs
   • 20:1 for minor and exotic currency pairs, gold, and major indices
   • 10:1 for minor indices and all other commodities bar gold
   • 5:1 for stocks
   • 2:1 for cryptocurrencies
   • 100:1 for turbo warrants

   Leverage non-EU

   • 200:1 for major currency pairs and indices
   • 20:1 for stock CFDs

   Instruments

   Forex, stocks, indices, commodities, knock-out options, ETFs, bonds, vanilla options, interest rates, sectors trading, turbo warrants

   CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

   Licensed by the Swedish Financial Supervisory Authority, IG is a five-star-rated broker that offers competitive pricing, state-of-the-art trading platforms, fast order, execution, and an array of financial instruments. To be precise, more than 17,000 international markets are available for trading here, including dozens of currency pairs and over 16,000 global stocks, with extended trading hours for the shares of 70 major US companies. As one of the largest derivative providers in the world, IG offers its customers leveraged access to all these financial products via contracts for difference.

   The ceiling on leverage for Swedes and other retail clients based in the EU is set at 30:1 for major currency pairs like EUR/USD. Customers looking for portfolio diversification can dabble in vanilla options and cryptocurrencies. Turbo warrants are also available and give you access to higher leverage of 100:1 based on an upfront premium. The broker is fully transparent about trading costs, disclosing the commissions and spreads of all available instruments. The company offers various platform choices, including MT4 and ProRealTime.

   Swedish customers can navigate the website and manage their live accounts in their native language. They can top up their balance with broadly used payment solutions like bank transfers, PayPal, and cards. Withdrawals to cards have a daily limit of SEK 200,000, while cashing out with PayPal is restricted to SEK 45,000 per day. No limits are in place for withdrawals requested via standard bank transfers.

7. TRADE NOWREAD REVIEW

   Regulators

   • Cyprus Securities and Exchange Commission (CySEC)
   • Seychelles Financial Services Authority (SFSA)
   • Australian Securities and Investments Commission (ASIC)

   Platforms

   MT5, MT4, cTrader, cTrader Web, cTrader Automate, Native Apps for Android 5.0 and iOS 13.0

   7. IC Markets

   Min Deposit

   €200

   Fees

   • Free deposits and withdrawals
   • No monthly maintenance fees for account inactivity

   Deposit Methods

   

   Commissions

   • €0.06 round-turn commission per micro lot for MT4 Raw
   • €5.50 round-turn commission per standard lot for MT4 Raw Accounts
   • €0 commissions for Standard Accounts (charges spreads from 0.6 pips)

   Spread

   • Raw Accounts: from 0.0 pips for major currency pairs
   • Standard Accounts: from 0.6 pips for major currency pairs

   Withdrawal Methods

   

   Leverage EU

   30:1 for major currency pairs

   Leverage non-EU

   1,000:1 or 500:1, depending on the country of residence

   Instruments

   Forex, indices, bonds, cryptocurrencies, commodities, futures, stocks

   Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.30% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

   IC Markets is renowned for its lightning-fast order execution, minimal slippage, and extensive range of tradable products that encompasses CFDs for 61 currency pairs, 21 commodities, 25 indices, 21 cryptocurrencies, and over 2,100 equity shares. Trading is possible via powerful platforms like MT4, MT5, and cTrader. Account opening is seamless at IC Markets, with customers facing a choice from three main account types, Standard, Raw Spread for MetaTrader, and Raw Spread for cTrader.

   As the name suggests, Raw Spread accounts are associated with minimum spreads starting from zero as commissions are charged instead. These are suitable for day traders, scalpers, and customers looking to fully automate their trades. Standard accounts are a better bet for discretionary traders who base their decisions on intuition and the current market conditions. These are commission-free, with spreads starting from 0.6 pips. All three accounts support single-click trading, require a minimum starting balance of €200, and are available for free testing in demo format.

   IC Markets works with secure, time-efficient, and convenient payment methods, including Visa, Mastercard, PayPal, Neteller, and Skrill. The brokerage processes withdrawal requests within a 24-hour timeframe, although the funds may take between 2 and 5 working days to reach you based on the precise method used. Customer support is available around the clock on weekdays only.

8. TRADE NOWREAD REVIEW

   Regulators

   • UK Financial Conduct Authority (FCA)
   • Federal Financial Supervisory Authority (BaFin)
   • Spain National Securities Market Commission (NSMC)
   • Australian Securities and Investments Commission (ASIC)
   • Investment Industry Regulatory Organization of Canada (IIROC)
   • New Zealand Financial Markets Authority (FMA)
   • Monetary Authority of Singapore (MAS)

   Platforms

   MT4, Proprietary Web Platform, Native Apps for Android 7.0 and iOS 14.0

   8. CMC Markets

   Min Deposit

   No minimum deposit requirements

   Fees

   • International bank transfers may incur extra charges
   • A €10 monthly fee after 12 months of inactivity

   Deposit Methods

   

   Commissions

   A 0.10% commission on share CFDs (min: €9 or SEK 89)

   Spread

   • From 0.7 pips for major currency pairs
   • From 0.3 pips for gold
   • From 0.5 pips for popular indices

   Withdrawal Methods

   

   Leverage EU

   30:1 for major currency pairs

   Leverage non-EU

   500:1 for major currency pairs

   Instruments

   Forex, stocks, indices, commodities, cryptocurrencies, treasuries, share baskets, ETFs

   Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

   CMC Markets is a leading provider of online trading services that offers a massive selection of over 12,000 contracts for difference for forex, indices, commodities, shares, stock baskets, and exchange-traded funds. The broker’s proprietary web platform is built with the needs of savvy traders in mind. It is packed with numerous charting features, including mini and multi-interval charts. Placing orders via the world’s most broadly used platform MetaTrader 4 is an alternative for customers of CMC Markets.

   The distinguished brokerage firm is committed to providing low-cost trading services, with narrow spreads, minimal slippage, and swift order execution that averages 0.0045 seconds. CMC Markets is a viable alternative for forex traders from all walks of life, regardless of their trading volume and position size. There are no partial order fills at CMC Markets. Traders have access to incredibly accurate pricing since the broker combines multiple price feeds from top-tier financial institutions to deliver the most precise spreads possible.

   Clients who insist on making informed investment decisions will benefit from timely market updates, commentary, and comprehensive weekly outlooks compiled by a team of skilled market analysts. The only fly in the ointment is that the Swedish-speaking support agents service traders only on weekdays from 8 AM to 5 PM. Nonetheless, the level of competence demonstrated by the support staff is outstanding so this is but a minor drawback.

9. TRADE NOWREAD REVIEW

   Regulators

   • Cyprus Securities and Exchange Commission (CySEC)
   • UK Financial Conduct Authority (FCA)
   • Financial Services Commission of Belize (FSC)
   • Polish Financial Supervisory Authority (PFSA)
   • Spain National Securities Market Commission (CNMV)
   • Dubai Financial Services Authority (DFSA)

   Platforms

   A proprietary platform for MacOS and Microsoft Windows, native apps for Android 7.0 and iOS 14.0

   9. XTB

   Min Deposit

   No minimum deposit requirements

   Fees

   • Free deposits via credit cards and e-wallets (applies to EU customers only)
   • A €10 processing fee for withdrawals under €100
   • A €10 monthly fee after one year of account inactivity

   Deposit Methods

   

   Commissions

   No commissions on stock trades (a 0.30% markup is included in the spread)

   Spread

   From 0.00001 pips for major currency pairs

   Withdrawal Methods

   

   Leverage EU

   30:1 for major currency pairs

   Leverage non-EU

   500:1 or 100:1, depending on your country of residence

   Instruments

   Forex, indices, cryptocurrencies, commodities, stocks, ETFs

   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

   XTB is a major player on the global trading scene as it has more than 525,000 clients worldwide and registered offices in over a dozen countries, including Germany, Chile, Poland, France, and Great Britain. The company trades publicly on the Warsaw Stock Exchange, which further adds to its trustworthiness and excellent reputation. XTB specializes in providing over-the-counter trading services with derivatives and offers contracts for difference for over 50 currency pairs, with spreads as low as 0.00001 on forex majors.

   Customers can also dabble in over 1,500 equities, 35 equity indices, 20 commodities, and 49 cryptocurrencies, including Ethereum, Dogecoin, Stellar, and Bitcoin. All in all, traders face a choice of more than 2,200 tradable instruments on XTB’s award-winning XStation proprietary platform. The broker accepts clients from Sweden with a license issued by the Cyprus Securities and Exchange Commission (CySEC). The company operates in strict compliance with the regulator’s requirements and stores client funds in segregated accounts.

   Each retail customer, Swedes included, is entitled to restitution of up to a maximum of €20,000 in the unlikely event of XTB filing for bankruptcy. The broker is a member of the Investor Compensation Fund. Maximum leverage on retail accounts is restricted to 30:1. The ceiling for professional traders is set at 200:1 for major currency pairs like EUR/USD. Clients based in the EU do not incur extra charges when depositing with digital wallets like Skrill and PayPal. However, withdrawals under €100 are subject to a €10 processing fee, with bank transfers being the only supported withdrawal solution.

10. TRADE NOWREAD REVIEW

    Regulators

    • Cyprus Securities and Exchange Commission (CySEC)
    • Financial Services Commission of Mauritius (FSC)
    • Australian Securities and Investments Commission (ASIC)

    Platforms

    MT4, MT5, Trading Central, Native Apps for iOS 14.0 and Android 9.0

    10. GO Markets

    Min Deposit

    €100 for Standard and Plus+ Accounts

    Fees

    • Free deposits and withdrawals
    • A €15 monthly fee after three months of account inactivity

    Deposit Methods

    

    Commissions

    • €0 commissions on Standard Accounts
    • A €4 round-turn commission per standard lot for Plus+ Accounts

    Spread

    • From 0.0 pips on Plus+ Accounts
    • From 1.0 pips on Standard Accounts

    Withdrawal Methods

    

    Leverage EU

    30:1 for major currency pairs

    Leverage non-EU

    500:1 for major currency pairs

    Instruments

    Forex, commodities, indices, stocks, cryptocurrencies, treasuries

    Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 61% of retail investor accounts lose money when trading CFDs with GO Markets Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    GO Markets is a legit broker licensed to conduct online trading in the jurisdictions of Cyprus, Australia, and Mauritius. The website facilitates low-cost trading with a range of popular products, including commodities, currency pairs, indices, and stocks. These are tradable via the MT4 and MT5 third-party platforms, although the broker also offers a user-friendly web platform built in-house. Customers additionally have access to valuable analytics and insights from Trading Central that allow them to make better investment decisions.

    The broker offers two main account types with flexible pricing structures to accommodate the budget and risk tolerance of all customers. Plus+ accounts come with ultra-low spreads that start from zero pips and commissions as low as €2 per side and standard lot. By contrast, Standard accounts are entirely commission-free but have higher spreads starting from 1.0 pip.

    Both account types have a minimum trade size of 0.01 lot and offer a maximum leverage of 30:1 to retail clients. Traders based outside Europe can take advantage of significantly higher leverage that reaches 500:1 for major forex pairs. The broker has waived all additional fees on deposits and withdrawals but charges a €15 monthly maintenance fee on accounts that have remained dormant for three or more months. Deposits with most of the supported methods are instant, while withdrawals require approximately one business day to process.

Trading Regulations in Sweden

Sweden is among the wealthiest countries in Europe, with a GDP amounting to €561 billion in 2022. It has a well-developed mixed economy largely driven by the manufacturing, pharmaceuticals, telecommunications, and service sectors. The Swedish krona (SEK) ranked among the 20 most commonly used currencies for SWIFT transactions in March 2023, outperforming the Singaporean dollar, the Danish krone, and the New Zealand dollar percentage-wise.

The country’s strong economy, stable currency, and high income per capita all contribute to the popularity of online trading among the population. Swedes can legally dip their toes into the global markets as long as they do so with authorized brokers. The Swedish Financial Supervisory Authority (Finansinspektionen) regulates the local financial markets but a broker does not necessarily require a license from this body to legally service traders from the country.

Despite retaining its currency, Sweden has been a member state of the European Union since 1995 and as such, abides by the Markets in Financial Instruments Directive II (MiFID). This legislative package was introduced in 2014 for the purpose of unifying the regulatory framework that governs all financial services providers operating within the EU. The scope of MiFID additionally extends to countries that are part of the European Economic Area (EEA), such as Lichtenstein, Iceland, and Norway.

In essence, this means a broker can legally transact with Swedish traders as long as it carries a license issued by any EU regulator. The SFSA maintains a warning list of shady trading companies that target the local market without proper authorization. ‘Clone’ firms that impersonate existing licensed brokerages are also featured in this database.

Forex Trading Regulations

The Swedish Financial Supervisory Authority (SFSA) is responsible for the oversight of all financial institutions in the country, including insurance companies, banks, stock exchanges, and brokers. Its responsibilities extend to several areas as it issues licenses to brokerage firms and other financial services providers, sets out the rules they must follow, and monitors them for compliance. In doing so, the watchdog contributes to the stability of the local financial industry and ensures higher levels of consumer protection.

Most of the SFSA requirements for forex brokers overlap with those applicable within the EU. The EU passporting system enables brokerage firms registered in the EU to legally offer their products to customers based in any other member state. The financial watchdogs of the host and home jurisdictions work in concert and share licensee information to ensure adequate customer protection and maintain the integrity of the EU financial system. Respectively, a company licensed by the SFSA can also offer financial services throughout the Union.

Forex brokers looking to register with the SFSA must pay an initial fee of SEK 46,000 upon submitting their applications. The Swedish regulator also charges an annual regulatory fee amounting to SEK 15,000. The regulator typically evaluates the applications within 90 days after submission.

When applying for licenses, the companies must prove they have enough capital to maintain sufficient liquidity and transact with Swedish traders. The minimum capital requirements for investment firms operating within the EU range from €75,000 to €750,000, depending on a firm’s size and the type of financial services it offers. Authorized companies must maintain this minimum at all times, or else they risk losing their operating licenses.

Authorized brokers must deliver regular reports about their financial performance to the regulator in the interest of transparency and anti-money laundering. Clients are grouped into two main categories, professional and retail traders. Authorized brokers must assess the level of expertise and adequacy of each customer upfront to prevent unversed clients from dabbling in high-risk trades.

Customers should have access to accurate price information, with price fluctuations being updated in real time. Orders should be executed at the best prices available and the highest speed possible. Soliciting new customers to register and participate in trading over the telephone is strictly prohibited. This practice is known as ‘cold calling’.

Forex brokers must segregate the funds of their customers from their operating capital and hold them at approved first-tier banks. This requirement helps protect traders’ money and prevents brokers from using it when experiencing liquidity issues.

Stocks Trading Regulations

The SFSA regulates stock trading under the provisions of the Securities Market Act (2007:528) and MiFID II. The Swedish Securities Council (Aktiemarknadsnämnden) fosters good practices and assists the financial watchdog in carrying out its regulatory responsibilities by providing consultation, rulings, and information. Nasdaq Stockholm, previously known as the Stockholm Stock Exchange or Stockholmsbörsen), and the Nordic Growth Market (NGM) are the two main regulated exchanges that fall under the regulatory scope of the SFSA.

The regulatory body is also tasked with supervising the operations of the so-called multilateral trading facilities (MTFs). The term first appeared in MiFID and refers to financial trading venues that serve as an alternative to conventional stock exchanges like Nasdaq Stockholm. Said venues facilitate transactions with securities and financial instruments that otherwise lack an official market such as emission allowances and swap contracts.

Multiple participants can connect to these alternative trading venues, hence the term ‘multilateral’. Asset managers, broker-dealers, hedge funds, and banks are among the most common members of MTFs. Nasdaq First North, NGM Nordic MTF, and Spotlight Stock Market (AktieTorget) are all examples of MTFs regulated by the Swedish Financial Supervisory Authority.

The watchdog is responsible for assessing and approving the prospectuses of companies who seek admission on regulated exchanges like Nasdaq Stockholm. Said prospectuses must contain all the details investors may require to make informed decisions. The information should be formulated in a clear, digestible manner so that laymen can easily comprehend and analyze it. Prospectuses approved by the Swedish financial regulator are valid across the EEA under the European passporting system. An issuer should have at least 25% in free-float shares to trade publicly on Nasdaq Stockholm and 10% for the Nordic Grown Market.

As in all EU countries, insider trading is strictly prohibited in Sweden. Publicly listed companies incur maximum sanctions of €1 million if found guilty of committing this violation under the EU Market Abuse Regulation (MAR). Short selling is also subject to tight restrictions. The term refers to selling securities such as stocks without the seller actually owning them.

In layman’s terms, the practice involves selling borrowed shares. Short sellers must notify the SFSA whenever the value of their short positions reaches or exceeds 0.1% of the securities issuers’ overall issued shares. An exception is made for market makers that simply quote ask and bid prices for specific stocks.

Naked short selling is outright illegal in Sweden and violators face harsher penalties. Naked shorting is different because it involves selling securities without having even borrowed them. There is no definitive proof of possession of the stock. The practice is prohibited in the EU because it negatively impacts share prices, increases volatility, and undermines investors’ confidence in the stock market.

CFD Trading Regulations

The distribution and sale of contracts for difference (CFDs) are legal but heavily regulated activities in Sweden. CFD providers must satisfy specific conditions before they can legally offer these high-risk derivatives to retail investors based in the Nordic country. This financial instrument enables traders to boost the size of their positions by using leverage, which is like borrowing money from your broker to gain greater market exposure.

Traders can potentially profit from pure price movements as owning the underlying assets is not a prerequisite for CFD trading. CFDs are particularly popular among currency and commodity traders. However, using borrowed capital to artificially increase your position size is a double-edged sword. While there is undoubtedly potential for greater profits, leveraging your trades can lead to massive losses during turbulent periods of increased market volatility, especially if you are clueless about the risks involved.

CFD trading regulations in Sweden generally coincide with those in all other EU member states. Brokers must automatically close out the leveraged positions of retail customers whenever their overall balance dips below 50% of the necessary margin required to maintain them open. The clients must fulfill certain minimum margin requirements to open a CFD position but the percentages vary across different asset classes.

The leverage they can use ranges from 30:1 (3.33% margin) to 2:1 (20% margin), depending on how volatile the underlying asset is. The higher the volatility of the asset, the lower the leverage cap. All licensed brokers must provide negative balance protection to ensure the potential losses retail customers can suffer cannot surpass the funds they have deposited in their live accounts. Negative balance protection essentially acts as a safety net, preventing inexperienced investors from slipping into debt.

Retail clients are often tempted by the prospect of generating substantial profits through margin trading, while being completely unaware of the financial risks inherent to these derivatives. Authorized CFD providers must include standardized risk warnings on their websites as well as in their marketing materials to inform unversed traders about the financial risks inherent to contracts for difference. Said risk warnings must also feature information about the percentage of retail customers who ended up in the red while trading CFDs with the respective broker.

Last but not least, brokers operating on the Swedish market must participate in investor compensation schemes as required by Directive 97/9/EC. Retail clients of brokers unable to satisfy their financial obligations for one reason or another are entitled to a maximum compensation of €20,000 (SEK 250,000).

Funding and Withdrawing from Sweden Trading Accounts

Sweden-friendly brokers cater to traders from the country with a nice assortment of supported payment methods that are both easy to use and very safe. Swedes can commonly fund their live trading accounts with credit or debit cards and bank transfers. Some brokers partner with third-party online banking mediators, enabling local traders to initiate payments directly in their banks’ safe online banking environment. Digital wallets are also broadly accepted for deposits and withdrawals at the brokers we recommend for Sweden. We brief you on the most commonly supported payment options for Swedish traders below.

Depositing to Sweden Trading Accounts

Debit and credit cards that carry the logos of Visa, Maestro, and Mastercard rank among the most broadly available methods for depositing at Sweden-friendly brokers. Using them is associated with multiple advantages, including the absence of additional processing fees on the brokers’ side. Card deposits offer the added benefit of taking place in real time. The funds will hit your live trading account almost instantly on condition you have already verified your identity. It is worth stressing that the card you use must be registered in your name. Otherwise, the payment will not go through, not to mention you risk having your trading account shut down.

Customers who wish to preserve their privacy can conveniently deposit with digital wallets like PayPal, Skrill, and Neteller, all of which boast high acceptance rates at EU-licensed brokers. Transfers to your balance are again instant and free of extra charges. On the downside, you must register an account and then top up the balance of your newly created e-wallet before you can proceed to use it for deposits. E-wallet users must undergo verification to increase their limits, which some traders may find inconvenient.

Online banking processors receive broad support at brokers transacting with a Swedish clientele. Trustly is the most commonly available method from this category. Originating from Stockholm, this method facilitates quick and seamless deposits directly from the online banking portals of participating banks like Swedbank, Riksbanken, and Skandiabanken. Deposits with this method are instant and rarely, if ever, incur additional fees on the brokers’ behalf.

Most trading sites that serve clients from Sweden give them the option to fund their live accounts with standard bank transfers. Speed is the main issue with this method as the funds require several working days to reach your trading account. Another downside is that bank transfers are often associated with additional processing fees. Most brokerages cover the extra fees on deposits that exceed a specific amount. Intermediary banks may charge you extra as well but the exact costs vary across financial institutions.

Withdrawing from Sweden Trading Accounts

The withdrawal methods available to Swedish traders largely coincide with those supported for deposits. One important thing to bear in mind is that most brokers require customers to withdraw their profits to the same payment method they have used when initiating their deposits. If you have funded your account via a Visa-branded credit card, your broker will automatically return your funds to the same card. Again, the card must be issued in your name and you must have verified your trading account upfront before you request a withdrawal.

PayPal, Neteller, and Skrill are widely supported for withdrawals and are by far the quickest in terms of processing timeframes. Most Sweden-friendly brokers release the funds from customers’ balances within one to two working days. No extra charges are in place for e-wallet withdrawals and you can cash out as little as €10 from your live account in most cases. Keep in mind that your withdrawal will be processed in the same base currency as that of your digital wallet. If your wallet has SEK as the base currency, the broker will process your withdrawal in SEK.

Some online brokers allow Swedish customers to withdraw via online banking processors like Trustly. The process is quite similar to depositing, the chief difference being withdrawals with Trustly take a longer time to process, usually up to two working days. When online banking processors are unavailable for withdrawals, brokers usually return the funds via standard bank transfers.

When cashing out via a bank transfer, you can anticipate the money to reach you within seven business days. Waiting times might extend beyond that with international bank transfers and are sometimes associated with extra costs. Withdrawals tend to start from €10, although the minimum limit can be higher at some brokers.

Sweden Trading Platforms

The software a broker uses is crucial for any investor’s success, especially for those who implement high-frequency trading strategies. A good trading platform stands out with low latency and excellent order execution so that users never miss out on the opportunities to profit from the fast-moving markets. Scalability and customization are two other features all high-quality trading platforms commonly share. The availability of various tools for charting, fundamental, and technical analysis is equally important as it enables users to make better-informed trading decisions.

In this section, we take a closer look at the most popular platforms available to traders from Sweden and unravel their key features. MetaTrader 4 and MetaTrader 5 are the two most broadly supported options thanks to their usability, intelligent user interface, and cross-compatibility. TradingView and cTrader trail behind but are starting to gain traction as an increasing number of Sweden-friendly brokers are adding them to their range of supported software options.

MetaTrader 4

MetaTrader 4 (MT4) by MetaQuotes is the most popular and widely used trading software in the world and you will find it at a huge number of online brokers that accept customers from Sweden. The platform emerged in 2005 and quickly established itself as the de facto standard in foreign exchange trading. MT4 may be primarily geared toward the needs of forex traders but it supports a variety of additional instruments like commodities, indices, and shares, available for trading through contracts for difference.

This is an all-around platform suitable for traders from all walks of life. It supports algorithmic trading via special robots called ‘expert advisors’ that scan the markets based on preset parameters and trade on your behalf using algorithms. The platform facilitates technical analysis via 50 technical indicators. Fundamental analysts can also use it as MetaQuotes recently updated it to include an economic calendar that was previously unavailable.

Chartists will be thrilled by the inclusion of over 30 graphical objects and the abundance of customization options. MT4 users can conveniently configure their charts and execute trades with a single click of their mouse button. The platform is cross-compatible and works on all devices imaginable. Desktop traders can download and install it at no cost on computers running on MacOS, Linux, and Microsoft Windows (7 SP1 and above). It also works on portable devices running on Android (5.0) and iOS (11.0).

MetaTrader 5

MetaTrader 5 (MT5) came five years after the launch of its predecessor MT4 and became the platform of choice for millions of traders worldwide. Many Sweden-friendly brokers have adopted the platform since then, including esteemed firms like XM, IC Markets, Pepperstone, and GO Markets. This is a multi-asset software that facilitates CFD trading with forex, bonds, commodities, stocks, exchange-traded funds (ETFs), and indices. One key difference here is that MT5 also supports trading with physical stocks, which comes with the added benefit of earning dividends from the shares you purchase.

MT5 is considerably more advanced than its predecessor as it features a greater number of charting tools, technical indicators, and timeframes. Users have access to a massive range of expert advisors and trading signals that enable fully automated trading. Superior tools for fundamental analysis are also included to accommodate those who base their investment decisions on the intrinsic value of assets.

Multi-threaded backtesting is possible as well, allowing users to assess their trading strategies more accurately. Two main order accounting modes are available in MT5. Foreign exchange traders can implement hedging, while the netting mode is better suited to the needs of those who invest in the stock exchange markets.

Overall, MT5 is considered faster, more efficient, and more modern than its predecessor. It is available as a downloadable desktop platform but using it directly in your browser is also an option. Similarly to MT4, this new and improved version runs without a hitch on smartphones and tablets. Swedish players can install the mobile version on all compatible devices that meet the minimum system requirements (Android 5.0 and iOS 11.0).

cTrader

The Cyprus-based company Spotware Systems made a real breakthrough with the release of its multi-asset platform cTrader in 2011. The software made huge waves in the online trading community with its utmost usability, user-friendliness, and wealth of functionalities that can significantly improve traders’ performance. Mainly intended for brokerage firms that implement the ECN and STP order processing, cTrader is available at established trading sites like IC Markets and Pepperstone, both of which gladly welcome clients from Sweden.

The platform is sophisticated while fully retaining its user-friendliness and offers plenty of great functionalities, including 26 timeframes, multi-chart mode, multiple technical indicators, and graphical objects. It is an ideal choice for algorithmic traders as it features an array of cBots, which are basically the equivalent of MetaTrader’s expert advisors.

Copy trading is among the most outstanding features of this innovative piece of software. Fully integrated into the platform, this functionality enables less experienced users to follow profitable traders from around the world, known as strategy providers. Apart from this, novices can also replicate the positions and strategies of these vetted providers in their own portfolios.

As convenient as this sounds, users should also bear in mind that strategy providers charge fees for copying their trades. Other than that, cTrader is free to download and install. It is also available in a browser-based format. Native apps for Android 5.0 and iSO 12.0 can be downloaded at no cost from Google Play and the App Store.

TradingView

If you are looking for speed, efficiency, and lots of technical analysis tools, this platform is a home run. Supported by prominent Sweden-friendly brokers like Capital.com, TradingView is a powerful tool in the hands of seasoned chartists and technical analysts as it offers over 15 chart types, 90 advanced charting tools, and north of 100,000 public technical indicators. But the merits of this modern platform do not end here. Users have access to historical price data and can test their trading strategies against it in real time.

TradingView gives you access to trade alerts on both desktop and mobile devices. The platform is friendly to users who lack extensive experience in coding, allowing them to create custom strategies and technical indicators in Pine Script. This programming language has a considerably simpler and more readable language, so much so that many traders report learning it within a single day. Trying out the platform risk-free via a demo version is also possible.

TradingView gives you access to a social network where you can discuss market conditions and strategies with your fellow traders. Additionally, there is a built-in chat feature that enables you to speak with other investors in real time. The streaming feature allows users to watch live market forecasts or stream their own strategies for other traders to comment on.