Forex trading and Forex brokers are regulated by the Swedish Financial Supervisory Authority (Finansinspektionen or FI) in Sweden. The FI is an independent entity responsible for overseeing the brokers in the country to ensure safety and integrity. Surely, it is legal and allowed to trade Forex in Sweden.
All the brokers who are regulated in the EU or adhere to the standards and guidelines of MiFID II or ESMA (European Securities and Markets Authority) can also accept clients from Sweden.
Sweden has been a member of the EU since 1995 which means all brokers regulated in the EU region can also operate in Sweden.
There is a capital gains tax in Sweden and all profits made in Forex or other markets are taxed at the 30% flat rate, which is very high. Professional traders in Sweden may opt for countries that do not charge such high taxes for Forex and financial trading profits.
The leverage is also restricted to just 1:30 for EU residents, including Sweden.
For traders in Sweden, German DAX40 may be interesting as it is traded widely in the country, and we are going to provide spreads for this instrument for each broker in the list.
Quick overview of the best Forex brokers in Sweden
XM
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Visit broker 8.4 8.34 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.03% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Tickmill
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Visit broker 7.6 6.29 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd. You should consider whether you understand how CFDs or our other products work and whether you can afford to take the high risk of losing your money.
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AvaTrade
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Visit broker 8.8 7.63 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Pepperstone
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Visit broker 8.2 7.75 Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
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ICM
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Visit broker 8 0 Trade Responsibly: CFDs and Spot FX are complex instruments that come with a high risk of losing funds due to leverage. You should not engage in this form of investing unless you understand the nature of the transaction you are undertaking and the true extent of your exposure to financial loss. Your profit and loss will vary according to the extent of the fluctuations in the price of the underlying markets on which the trade is based.
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| Offers accounts in Sweden under | CySEC, Cyprus | CySEC, Cyprus | CBI, Ireland | CySEC, Cyprus | FI, Sweden |
| Account entity for Sweden | Trading Point of Financial Instruments Limited | Tickmill Europe Ltd | AVA Trade EU Ltd | Pepperstone EU Limited | ICM House KB |
| DAX40 spreads | From 3.00 pips | from 0.8 USD | 1.00 pips over the market | from 0.90 USD | From 4.00 USD |
| Spreads on EURUSD | From 1 pip | From 1.6 pips | From 0.9 pips | From 1 pip | From 1.3 pips |
| Spreads on Crude Oil | from 0.02 | - | 0.03% over market | From 2.5 | From 2.3 USD |
| Spreads on Brent Oil | from 0.02 | From 0.04 | 0.01% over market | From 2.5 | From 2.3 USD |
| Spreads on Gold | From 2.6 pips | From 0.09 USD | 0.29 USD over market | From 0.5 USD | From 0.31 USD |
| Spreads on BTC/USD | From 46.00 | - | - | From 17 pips | - |
| Maximum Leverage | 1:30 for retail traders | 1:30 for retail traders | 1:30 for retail traders | 1:30 for retail traders | 1:30 for retail traders |
| Minimum Deposit | 5 EUR | 100 EUR | 100 EUR | 0 EUR | 200 EUR |
| Trading Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade | MetaTrader 4 and 5, cTrader | MetaTrader 4, MetaTrader 5, cTrader |
XM
XM is regulated in several jurisdictions, including the Cyprus CySEC. 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 Sweden and offers one of the best trading conditions in the industry.
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
XM has a low initial deposit requirement of 5 EUR. EUR/USD comes with 0.6 pips on Ultra Low account and Gold has from 0.26 USD or 2.6 pips. The broker offers a multitude of EU stocks on popular European companies. XM offers turbo stocks and stock CFDs, including stocks from Sweden for 26 different companies. XM also offers trading on DAX40(GER40) for low spreads from 3.00 pips.
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8.4
8.34
| Micro | Standard | XM Ultra Low | |
|---|---|---|---|
| Spreads on EURUSD | From 1 pip | From 1 pip | From 0.6 pips |
| Spreads on DAX40(GER40) | From 3.00 pips | From 3.00 pips | From 3.00 pips |
| Spreads on Crude Oil | from 0.02 | from 0.02 | from 0.02 |
| Spreads on Brent Oil | from 0.02 | from 0.02 | from 0.02 |
| Spreads on Gold | From 2.6 pips | From 2.6 pips | From 1.5 pips |
| Spreads on BTC/USD | From 46.00 | From 46.00 | From 35.00 |
| Minimum Deposit | 5 USD, EUR, GBP | 5 USD, EUR, GBP | 5 USD, EUR, GBP |
| Minimum lot size | 0.01 lots | 0.01 lots | 0.01 lots |
| Maximum leverage | 1:30 for retail (1:1000 for pros) | 1:30 for retail (1:1000 for pros) | 1:30 for retail (1:1000 for pros) |
| Negative Balance Protection | Yes | Yes | Yes |
| Trading Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
Tickmill
Tickmill is a reliable and regulated broker available in Sweden. The entity in Europe, including Sweden, is Tickmill Europe Ltd, which is regulated by the Cyprus Securities and Exchange Commission (CySEC). The maximum allowed leverage by CySEC for retail Forex traders is limited to 1:30, while pro traders can get up to 1:500 in Sweden.
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 500 stocks and ETFs and numerous indices including DAX40. Spreads for DAX40 are from 0.8 USD.
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7.6
6.29
| Pro | Classic | VIP | |
|---|---|---|---|
| Spreads on EURUSD | From 0.0 pips | From 1.6 pips | From 0.0 pips |
| Commissions | 2 USD per side per lot | none | 1 USD per side per lot |
| Spreads on DAX40 | from 0.8 USD | from 0.8 USD | from 0.8 USD |
| Spreads on Crude Oil | - | - | - |
| Spreads on Brent Oil | From 0.04 | From 0.04 | From 0.04 |
| Spreads on Gold | From 0.09 USD | From 0.09 USD | From 0.09 USD |
| Spreads on BTC/USD | - | - | - |
| Minimum Deposit | 100 USD/EUR/GBP | 100 USD/EUR/GBP | - |
| Maximum Leverage | 1:30 for retails, 1:500 for professionals | 1:30 for retails, 1:500 for professionals | 1:30 for retails, 1:500 for professionals |
| Negative Balance Protection | Yes | Yes | - |
| Minimum Lot Size | 0.01 lots | 0.01 lots | 0.01 lots |
| Trading Platforms | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 | MetaTrader 4, MetaTrader 5 |
AvaTrade
AvaTrade is available in Sweden under the AVA Trade EU Ltd legal entity, and the Central Bank of Ireland regulates it.
Forex traders from Sweden can enjoy a wide range of trading instruments in numerous trading asset classes:
- 64 Forex pairs
- 20 cryptos
- 30 indices
- 17 commodities
- 633+ stocks
The leverage for stock trading is 1:10 and spreads are + 0.13% on the market prices. Spreads on DAX40 are 1.00 pips over the market and the maximum leverage is set to 1:100 which is more than the majority of brokers.
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8.8
7.63
| Retail | Professional | |
|---|---|---|
| Spreads on EURUSD | From 0.9 pips | From 0.3 pips |
| Commissions | 0 USD | 0 USD |
| Spreads on DAX40 | 1.00 pips over the market | 1.00 pips over the market |
| Spreads on Crude Oil | 0.03% over market | 0.03% over the market |
| Spreads on Brent Oil | 0.01% over market | 0.01% over market |
| Spreads on Gold | 0.29 USD over market | 0.29 USD over market |
| Spreads on BTC/USD | 0.15% Over-market | 0.15% Over-market |
| Minimum Deposit | 100 EUR | 100 EUR |
| Maximum Leverage | 1:30 for retails, 1:400 for pros | 1:400 |
| Negative Balance Protection | Yes | Yes |
| Minimum Lot Size | From 0.01 lots | From 0.01 lots |
| Trading Platforms | MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade | MetaTrader 4, MetaTrader 5, DupliTrade, ZuluTrade |
Pepperstone
Pepperstone is available in Sweden and the legal entity accepting clients from the EU is Pepperstone EU Limited, regulated by the CySEC or Cyprus Securities and Exchange Commission. There are 1000+ stocks added recently, offering professional traders the ability to speculate on numerous markets at once.
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
Pepperstone only offers up to 1:30 leverage to local retail traders in Sweden, while professional traders can get up to 1:400 leverage. The broker offers AU, US, UK, and German shares for trading. The commission varies from 0.07% to 0.1% depending on the stock exchange—the spreads for DAX40 start from 0.90 USD.
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8.2
7.75
| Razor account | Standard account | |
|---|---|---|
| Spreads on EUR/USD | From 0 pips | From 1 pip |
| Spreads on DAX40 | from 0.90 USD | from 0.90 USD |
| Spreads on Crude Oil | From 2.5 | From 2.5 |
| Spreads on Brent Oil | From 2.5 | From 2.5 |
| Spreads on Gold | From 0.5 USD | From 0.5 USD |
| Spreads on BTC/USD | From 17 pips | From 17 pips |
| Commissions | USD 3.50 (USD 7 round turn or equivalent in EUR) | No |
| Minimum Deposit | 0 EUR | 0 EUR |
| Minimum lot size | From 0.01 lots | From 0.01 lots |
| Negative Balance Protection | Yes | Yes |
| Maximum Leverage | 1:30 (1:400 for pro traders) | 1:30 (1:400 for pro traders) |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader | MetaTrader 4, MetaTrader 5, cTrader |
ICM
ICM is a regulated broker offering services in several EU countries, including Sweden. The legal entity that is registered and regulated by the Stockholm County Administrative Board in Sweden is ICM House KB. The broker is fully regulated and suitable for Swedish Forex traders.
The list of tradable instruments is as follows:
- 7 crypto CFDs
- 42 Forex pairs
- 9 indices
- 4 commodities
- 89 US stock CFDs
ICM does not offer EU stocks or Sweden stocks and has only US stock CFDs on popular companies. DAX40 has spreads from 4 USD and leverage for retail traders is capped at 1:30. Professional traders in Sweden can get higher leverage of up to 1:200.
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8
0
| ICM DIRECT (ECN) | ICM ZERO | ICM CENT | |
|---|---|---|---|
| Spreads on EUR/USD | From 1.3 pips | From 0 pips | From 1.3 pips |
| Commission | None | 7 USD round turn per 100k traded | None |
| Spreads on DAX40 | From 4.00 USD | From 4.00 USD | From 4.00 USD |
| Spreads on Crude Oil | From 2.3 USD | From 2.3 USD | From 2.3 USD |
| Spreads on Brent Oil | From 2.3 USD | From 2.3 USD | From 2.3 USD |
| Spreads on Gold | From 0.31 USD | From 0.31 USD | From 0.31 USD |
| Spreads on BTC/USD | - | - | - |
| Minimum Deposit | 200 EUR | 200 EUR | - |
| Minimum lot size | 0.01 lots | 0.01 lots | 0.01 lots |
| Negative Balance Protection | Yes | Yes | Yes |
| Maximum Leverage | 1:30 for retails, 1:200 for professionals | 1:30 for retails, 1:200 for professionals | 1:30 for retails, 1:200 for professionals |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader | MetaTrader 4, MetaTrader 5, cTrader | MetaTrader 4, MetaTrader 5, cTrader |
Best choice of the broker in Sweden by category
Let us now focus more on specific instruments and define which broker is best for each of the assets.
Best Forex broker in Sweden for Forex trading
| XM | Tickmill | AvaTrade | Pepperstone | ICM | |
|---|---|---|---|---|---|
| Number of Forex pairs | 50 | 62 | 64 | 62 | 42 |
| Typical spreads on EUR/USD | From 1 pip | From 1.6 pips | From 0.9 pips | From 1 pip | From 1.3 pips |
AvaTrade comes out on top with its 0.9 pips spreads on EUR/USD on standard accounts and the highest number of Forex pairs at 64.
Best Broker in Sweden for Stock and Indices Trading
| XM | Tickmill | AvaTrade | Pepperstone | ICM | |
|---|---|---|---|---|---|
| Number of stocks | 1000+ | 500 | 633+ | 1,000+ | 89 |
| Spreads on DAX40 | From 3.00 pips | from 0.8 USD | 1.00 pips over the market | from 0.90 USD | From 4.00 USD |
As we can see, XM and Pepperstone offer over a thousand shares for various companies, while Tickmill has the lowest spreads for index CFDs including DAX40 from 0.8 USD.
Best broker in Sweden for commodities trading
| XM | Tickmill | AvaTrade | Pepperstone | ICM | |
|---|---|---|---|---|---|
| Spreads on Crude Oil | from 0.02 | - | 0.03% over market | From 2.5 | From 2.3 USD |
| Spreads on Brent Oil | from 0.02 | From 0.04 | 0.01% over market | From 2.5 | From 2.3 USD |
| Spreads on Gold | From 2.6 pips (0.26 USD) | From 0.09 USD | 0.29 USD over market | From 0.5 USD | From 0.31 USD |
XM is the best broker in Sweden for commodities trading, as it offers the lowest spreads among the top five brokers. Pepperstone also has competitive spreads on commodities, especially on Brent and Crude Oil.
How do you check if the broker is regulated by FI?
To check if the broker is overseen by the Swedish authority (FI) the easiest way is to check on the regulator’s website and search in the database. However, it will require users to know which sections to access. Below is the step-by-step guide for searching brokers in the register database of the FI.
Step One: Visit the website of the regulator
The website of FI (https://www.fi.se/) is the main source of information for checking if the Swedish Authority truly regulates the broker. Head to the website and search for the section called: KONSUMENTSKYDD (Consumer Protection).
Step Two: Navigate to the register database
Click on the Consumer Protection or KONSUMENTSKYDD button on the website, and you will be redirected to the page with the menu. Click on the “Undrar du över ett företag?” (Are you wondering about a company?) and on the right side click on the shown menu “företagsregister” (business register). After this tricky process, you will be finally redirected to the search page, where it is possible to search in the database for regulated companies.
Step Three: Search for the brokers in the database
Enter the name of the firm you want to search to confirm it is truly regulated by the FI and click on the search button “Sök”.
In our example, we confirmed that ICM is truly regulated and licensed by the FI, which is a good thing. You can click on the name of the company to see all the details such as license number, date, etc.
All FI-regulated Forex Broker reviews
Below is the list of brokers who are regulated by the FI in Sweden and their full reviews.
