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Best Forex Brokers Denmark for 2021

Steven Hatzakis

The ForexBrokers.com annual forex broker review (five years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.

Trading forex (currencies) in Denmark is popular among residents. While recommended, forex brokers are not required to become authorised by the Danish Financial Supervisory Authority (DFSA) to accept residents of Denmark as customers.

The Danish Financial Supervisory Authority is the financial regulatory body in Denmark. Website: https://www.dfsa.dk/. The DFSA does not have any social media accounts to follow.

DFSA

The DFSA was established in 1988 and is responsible for regulation, supervision and collecting statistics of financial participants. For a historical breakdown, here's a link to the Danish Financial Supervisory Authority webpage on Wikipedia.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Forex Brokers Denmark

To find the best forex brokers in Denmark, we created a list of all brokers that list Denmark as a country they accept new customers from. We then ranked brokers by their Overall ranking.

Here is our list of the best forex brokers in Denmark.

  • IG - Best overall broker 2021, most trusted
  • Saxo Bank - Best for research, trusted global brand
  • XTB - Best customer service, great trading platform
  • eToro - Best copy trading platform
  • FXCM - Excellent platforms, great mobile app
  • AvaTrade - Multiple trading platform options
  • XM Group - Well-rounded offering

Denmark Forex Brokers Comparison

Compare Denmark authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.com Overall ranking.

Forex BrokerAccepts DK ResidentsAverage Spread EUR/USD - StandardMinimum DepositOverallVisit Site
IGYes0.745£250.00 5 Stars Visit Site
Saxo BankYes0.800$10,000.00 5 Stars N/A
XTBYes0.860$0.00 4.5 Stars N/A
eToroYes1.00$50-$200 4 Stars N/A
FXCMYes1.400Starts from $50 4 Stars N/A
AvaTradeYes0.910$100.00 4 Stars N/A
XM GroupYes1.600$5-100 4 Stars N/A
FP MarketsYes1.140$100 AUD 4 Stars N/A
Plus500Yes0.600€100 4 Stars N/A
PepperstoneYes0.690$200.00 4 Stars N/A
IC MarketsYes0.620$200 4 Stars N/A
TickmillYes0.500$100.00 4 Stars N/A
FxProYes1.510$100.00 4 Stars N/A
Vantage FX Yes1.100$200 3.5 Stars N/A
Moneta MarketsYes1.360$50.00 3.5 Stars N/A
HYCM Yes2.00$100 3.5 Stars N/A
EightcapYes$100 3.5 Stars N/A
VT MarketsYes1.200$200 3.5 Stars N/A
BlackBull MarketsYes0.76$200 3.5 Stars N/A

How to Verify DFSA Authorisation

To verify the authorisation of a broker, search the name of the broker in the company register on the DFSA website. If a company is authorized, a company profile will be available with a registration number and date upon searching.

More Forex Guides

Methodology

For our 2021 Forex Broker Review we assessed, rated, and ranked 27 international forex brokers over a three-month time period resulting in over 50,000 words of published research.

Each broker was graded on 108 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure (read about Trust Score here).

As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.

Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

"There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses." Learn more.

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Steven Hatzakis

About the author: Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.


Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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