The ForexBrokers.com annual forex broker review (six 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. Here's 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.
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, most trusted
- Saxo Bank - Best web based trading platform
- XTB - Great research and education
- eToro - Best for copy and crypto trading
- FXCM - Excellent trading platforms and tools
- AvaTrade - Great for beginners and copy trading
- Plus500 - Trusted broker, great for beginners
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 Broker | Accepts DK Residents | Average Spread EUR/USD - Standard | Minimum Deposit | Overall | Visit Site |
|---|---|---|---|---|---|
| IG | Yes | 0.828 | £250.00 | Visit Site | |
| Saxo Bank | Yes | 0.800 | $2,000.00 | N/A | |
| XTB | Yes | 0.900 | $0.00 | N/A | |
| eToro | Yes | 1.00 | $10-$200 | N/A | |
| FXCM | Yes | 1.400 | Starts from $50 | N/A | |
| AvaTrade | Yes | 0.910 | $100.00 | N/A | |
| Plus500 | Yes | 0.600 | €100 | N/A | |
| Admiral Markets | Yes | 0.800 | 100 | N/A | |
| Capital.com | Yes | 0.800 | $20.00 | N/A | |
| IC Markets | Yes | 0.620 | $200 | N/A | |
| XM Group | Yes | 1.600 | $5 | N/A | |
| Pepperstone | Yes | 0.690 | $200.00 | N/A | |
| FP Markets | Yes | 1.200 | $100 AUD | N/A | |
| Tickmill | Yes | 0.270 | $100.00 | N/A | |
| HYCM | Yes | 0.600 | $100 | N/A | |
| HotForex | Yes | 1.200 | $5 | N/A | |
| Vantage | Yes | 1.220 | $200 | N/A | |
| Moneta Markets | Yes | 1.220 | $50.00 | N/A | |
| VT Markets | Yes | 1.200 | $200 | N/A | |
| Eightcap | Yes | $100 | N/A | ||
| ACY Securities | Yes | 1.200 | $50 | Visit Site | |
| Trade Nation | Yes | 0.60 | $0 | N/A | |
| BlackBull Markets | Yes | 0.845 | $200 | N/A | |
| LegacyFx | Yes | 0.00 | $500 | 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.
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Methodology
For our 2022 Forex Broker Review we assessed, rated, and ranked 39 international forex brokers over a three-month time period resulting in over 50,000 words of published research.
Each broker was graded on 113 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 more 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.
