IG
CMC Markets
FOREX.com
XTB
FP Markets
Plus500
AvaTrade
BlackBull Markets
TickmillBest Forex Brokers Sweden for 2023
Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck
ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.
Trading forex (currencies) in Sweden is popular among residents. While recommended, forex brokers are not required to become authorised by Finansinspektionen (FI) to accept residents of Sweden as customers. The English translation of Finansinspektionen is Financial Supervisory Authority.
Finansinspektionen is the financial regulatory body in Sweden. Website: https://www.fi.se/. We recommend residents of Sweden follow the FI on Twitter: https://twitter.com/finansinsp.
The FI was established in 1991 and is responsible for monitoring financial markets and participants, as well as providing consumer protection in relation to financial products. For a historical breakdown, here's a link to Finansinspektionen 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 Sweden
To find the best forex brokers in Sweden, we created a list of all brokers that list Sweden 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 Sweden:
-
IG
- Best overall broker, most trusted
- Saxo Bank - Best web-based trading platform
- CMC Markets - Excellent overall, best platform technology
- XTB - Great research and education
- AvaTrade - Great for beginners and copy trading
- FXCM - Excellent trading platforms and tools
- Plus500 - High Trust Score, great for beginners
Sweden Forex Brokers Comparison
Compare Sweden 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.
| Company | Accepts SE Residents | Average Spread EUR/USD - Standard | Minimum Deposit | Overall Rating | Visit Site |
 IG
|
0.86 | £250.00 |
|
Visit Site
|
|
 Saxo Bank
|
0.9 | €2,000 |
|
||
 CMC Markets
|
0.51 | $0 |
|
||
 XTB
|
1.07 | $0 |
|
||
 AvaTrade
|
0.92 | $100 |
|
||
 FXCM
|
1.38 | Starts from $50 |
|
||
 Plus500
|
0.8 | €100 |
|
||
 Capital.com
|
0.6 | $20 |
|
||
 XM Group
|
1.6 | $5 |
|
||
 Pepperstone
|
0.77 | $200 |
|
||
 Admiral Markets
|
0.8 | $100 |
|
||
 FP Markets
|
1.2 | $100 AUD |
|
||
 IC Markets
|
0.62 | $200 |
|
||
 Tickmill
|
0.51 | $100 |
|
||
 BlackBull Markets
|
0.827 | $0 |
|
||
 HFM
|
1.2 | $5 |
|
||
 FlowBank
|
N/A | $0.00 |
|
||
 HYCM (Henyep)
|
0.6 | $100 |
|
||
 Vantage
|
1.22 | $50 |
|
||
 Eightcap
|
1.0 | $100 |
|
||
 Trade Nation
|
0.6 | $0 |
|
||
 Moneta Markets
|
1.27 | $50 |
|
||
 ACY Securities
|
1.2 | $50 |
|
||
 MultiBank
|
N/A | $50 |
|
||
 easyMarkets
|
0.9 | $100 |
|
Can you trade forex in Sweden?
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.
How to Verify FI Authorisation
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.
What does it mean if a company is authorised by the Financial Supervisory Authority (Finansinspektionen)?
If your broker is regulated by the Financial Supervisory Authority of Sweden (FI), it means that it carries one of the many licenses available from the FI and its operations fall under the direct regulatory supervision of Sweden’s official regulatory body. Many brokers in the EU are able to passport into Sweden under the Markets in Financial Instruments Directive (MiFID) to provide cross-border services. That said, it is always a good idea to choose a broker that is regulated locally in your country of residence. There are a number of forex brokers that hold regulatory status directly with the FI (as well as MiFID passports), making them an excellent choice if you are a resident of Sweden.
How do you trade forex in Sweden?
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:
- 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.
- 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.
- 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.
- 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.
- 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.
- Test your trading strategy with live funds, using an amount that you can afford to risk.
What is the best trading platform in Sweden?
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.
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
What is the best mobile trading app in Sweden?
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.
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.
Does Forex Bank (forex.se) allow you to trade forex?
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.
Popular Forex Guides
- Best Forex Brokers
- Best Forex Brokers for Beginners
- Best Forex Brokers for Copy Trading
- Best MetaTrader Brokers
- Best Forex Trading Apps
- Best Zero Spread Forex Brokers
- Compare Forex Brokers
2023 Review Methodology
If your broker is regulated by the Financial Supervisory Authority of Sweden (FI), it means that it carries one of the many licenses available from the FI and its operations fall under the direct regulatory supervision of Sweden’s official regulatory body. Many brokers in the EU are able to passport into Sweden under the Markets in Financial Instruments Directive (MiFID) to provide cross-border services. That said, it is always a good idea to choose a broker that is regulated locally in your country of residence. There are a number of forex brokers that hold regulatory status directly with the FI (as well as MiFID passports), making them an excellent choice if you are a resident of Sweden.
How do you trade forex in Sweden?
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:
- 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.
- 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.
- 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.
- 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.
- 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.
- Test your trading strategy with live funds, using an amount that you can afford to risk.
What is the best trading platform in Sweden?
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.
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
What is the best mobile trading app in Sweden?
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.
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.
Does Forex Bank (forex.se) allow you to trade forex?
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.
Popular Forex Guides
- Best Forex Brokers
- Best Forex Brokers for Beginners
- Best Forex Brokers for Copy Trading
- Best MetaTrader Brokers
- Best Forex Trading Apps
- Best Zero Spread Forex Brokers
- Compare Forex Brokers
2023 Review Methodology
At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).
Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.
We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.
Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.
Read our full explanation and accounting of our research and testing process to 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. Read more on forex trading risks.
About the Editorial Team
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. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.
Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.