Best Forex Brokers Sweden for 2023

Yes, forex trading in Sweden (Sverige) is legal, and traders can enter the forex market by opening an account with an online forex broker. We always recommend that traders use a broker that is highly regulated – preferably by your country or region’s local regulator. For Swedish residents this would be the Financial Supervisory Authority of Sweden (Finansinspektionen, or FI). Trading forex with a regulated broker reduces your chance sof dealing with a scam broker. To learn more, you can read our guide to forex scams, or check out our Trust Score page to see how we determine a forex broker’s trustworthiness.

Residents of Sweden can search the FI company register to verify whether or not a broker is authorized. If a company is authorized, a company profile will be available with a registration number and date upon searching.

To trade forex as a resident of Sweden, you will either be working with a broker regulated locally in Sweden, or an international broker that accepts Swedish residents. If you choose an international broker, you’ll want to make sure it is licensed and well-regulated in major jurisdictions, and that it offers retail forex from a margin account. Once you’ve chosen a regulated online broker and your application for a live trading account has been approved, you can deposit funds into your new brokerage account and start trading.

Here are some things to consider (and some important first steps to take) if you want to get started trading forex in Sweden:

1. We mentioned it already, but we want to stress again how important it is to choose a reliable, highly regulated, well-trusted forex broker. Making the right choice here can help you reduce your chances of falling victim to a scam broker. Learn more about broker trust by checking out our Trust Score page.
2. You’ll want to decide if you prefer exchange-traded currency derivatives (listed products), or if you’d rather trade over the counter (OTC) from a margin account (also known as off-exchange forex) with an international forex broker.
3. Identify your trading goals, so that you can work towards developing a trading plan. There’s a lot of great educational content out there (your broker is usually a great place to start), so consume as much of it as possible so that you can make informed choices about how to structure your personal trading plan.
4. Carefully consider your broker’s available payment methods (for depositing and withdrawing funds) and choose the method that’s right for your needs. Many international forex brokers offer PayPal – check out our guide to the best PayPal forex brokers.
5. You’re almost ready to start trading with real funds. Open a live brokerage account, and then fund it using your chosen payment method. We always recommend starting with a demo account to learn how to use the trading platform software without risking your investment capital.
6. Test your trading strategy with live funds, using an amount that you can afford to risk.

Saxo Bank has the best trading platforms for traders in Sweden, thanks to its SaxoTraderGO platform (for web and mobile) and its SaxoTraderPRO desktop trading software. Some of the best trading platforms can be overcomplicated and overwhelming to users (especially beginners). Saxo Bank, on the other hand, delivers an intuitively designed trading platform suite that is packed with a rich variety of trading tools and features.

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Check out a gallery of screenshots from Saxo Bank's trading platform suite, taken by our research team during our product testing.

Saxo Bank ranks at the top of this category (read our full-length review of Saxo Bank), but other international forex brokers provide a range of excellent trading platforms that are available to residents of Sweden:

• Saxo Bank - SaxoTraderPRO and SaxoTraderGO
• IG - IG web, IG Trading app, and Forex Direct for desktop
• CMC Markets - Next Generation platform for web and mobile
• Interactive Brokers - TWS desktop, WebTrader, Global Trader web, and IBKR mobile
• TD Ameritrade - TD Ameritrade web and thinkorswim for desktop and mobile
• FXCM - Trading Station, MT4, TradingView, NinjaTrader 8, ZuluTrade, Capitalise.ai
• FOREX.com - Advanced Trading desktop and Web Trading, Trading View, NinjaTrader

IG’s excellent suite of mobile apps is our pick for traders who are looking for the best forex trading app experience in Sweden. Our extensive testing found that IG delivers an outstanding overall mobile trading experience that is packed with a wide range of features that are sure to satisfy both casual and advanced traders. The IG Trading app is available for Android and iOS devices, and is teeming with features like alerts, sentiment readings, and highly advanced charts – all wrapped in a well-designed, intuitive layout. Learn more about IG’s mobile suite by reading our full-length review of IG.

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Check out a gallery of screenshots from IG's mobile trading app, taken by our research team during our product testing.

Important note: Though not regulated by Sweden’s Finansinspektionen (FI), IG holds close to a dozen regulatory licenses in multiple jurisdictions across the world, making it one of the most trusted international forex brokers.

Forex.se is not a retail forex broker. Forex.se provides physical currency exchange services for people that are simply looking to convert their physical currency (for example, converting your Swedish Krona into U.S. Dollars). The company also provides credit card services and facilitates money transfers via Western Union.

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. Read more on forex trading risks.