Best Forex Brokers in Denmark

The entity of the XM operating within the EU is Trading Point of Financial Instruments Limited under the CySEC license. The broker accepts clients from Denmark and offers very competitive conditions with a wide selection of assets including stocks and low spreads on various instruments. 

The exact list of tradable instruments provided by the XM is listed below:

• 50 Forex pairs
• 58 Cryptocurrencies
• 1000+ stock CFDs
• 7 turbo stocks
• 8 commodities
• 20 indices
• 3 precious metals
• 3 energies
• 26 stocks from the EU

With XM’s lowest deposit requirement of 5 EUR, beginner traders in Denmark can start low and build their trading skill set before going big. 

Tickmill is a reliable and regulated broker available in Denmark. The entity in Europe including Denmark is Tickmill Europe Ltd, which is regulated by the Cyprus Securities and Exchange Commission (CySEC). Now, the maximum allowed leverage by CySEC for retail Forex traders is limited to 1:30 which is also the case for the FX traders in Denmark. 

Tickmill offers access to diverse markets for Qatar residents including

• 62 Forex pairs
• 15 indices
• 7 commodities
• 500 stock and ETFs
• 15+ futures and options

Tickmill offers numerous EU stocks, making it appealing to both stock and Forex traders in Denmark. 

HFM is available in Denmark and the legal entity serving accounts in the EU region is HF Markets Fintech Services Ltd, regulated by the CySEC in Cyprus. Per CySEC and the EU regulations, the maximum leverage for retail Forex traders is limited to 1:30 for majors and 1:20 for non-major pairs, while professional traders can get the full leverage of up to 1:2000 depending on the account type they are operating.

HFM provides access to diverse markets, including:

• 50 currency pairs
• 2 precious metals
• 2 energies
• 5 commodities
• 11 equity indexes
• 95 stock CFDs
• 3 bonds
• 33 ETFs
• 40 digital currencies (Cryptos)

HFM offers multiple accounts with different conditions to appeal to a wide range of trading audiences. The broker offers DAX40 for trading with a low spread of 0.6 and with a maximum leverage of 1:500 for professionals. This leverage of 1:500 on indices CFDs is one of the highest from HFM. 

Pepperstone is available in Denmark and the legal entity accepting clients from the EU is Pepperstone EU Limited, which is regulated by the CySEC (Cyprus Securities and Exchange Commission). 1000+ stocks were added to the list of tradable instruments, which is very beneficial for Forex and stock traders in Denmark.

Trading instruments offered by Pepperstone in a wide range of asset classes include

• 62 currency pairs
• 1,000+ share CFDs
• 23 crypto CFDs
• 32 commodities
• 23 indices

As per EU and Denmark regulations, Pepperstone only offers up to 1:30 leverage to local retail traders, while professionals can get up to 1:400 leverage. Pepperstone offers AU, US, UK, and German shares for trading. The commission varies from 0.07% to 0.1% depending on the stock exchange. 

Saxo is a bank and broker simultaneously. It is available in Denmark. Saxo Bank A/S is incorporated and regulated in Denmark by the Danish Financial Supervisory Authority (FSA). This makes it more focused on local clients, and its services and trading specs might be more suitable for traders in Denmark when it comes to accessing many markets and exchanges worldwide. When it comes to spreads, Saxo is not as competitive as other brokers in this list but still holds its own. 

The complete list of types and number of assets provided by Saxo for clients in Denmark includes:

• 185+ Forex pairs
• 140+ forwards
• 8,800+ CFDs 
• 45+ FX vanilla options
• 23,500 stocks
• 7,000 ETFs on 30+ exchanges
• 300+ futures
• Bonds from 26 countries and 21 currencies
• 3,200+ listed options
• 250 top-rated mutual funds
• 6 FX crypto pairs

Among these instruments are also stocks from Denmark and DAX40 with spreads from 1.5 EUR on the classic, and 1 EUR on platinum, and VIP accounts.