Best Norway Forex Brokers 2022

To come up with this list, we have tested more than 20 forex brokers Norway.

We opened a real account and deposited between $4,000 and $6,000 with each broker. To get an accurate picture we placed real trades in each popular market. 

We also reached out to customer support to solve the problems we had encountered. Finally, we withdrew our funds to check the withdrawal process.

We handpicked the best forex brokers Norway based on our trading data and experience as a trader.

Is Forex Trading available in Norway?

Norway is located in Northern Europe. One of the country’s main resources is oil. In fact, Norway is listed as the fifth-largest oil exporter and third-largest gas exporter in the world.

For Forex trading it is available in the country, the answer is actually positive. Norway is an EU member, which means that all the UK and European brokers are available in the country.

Since Norway is a member of the EU, the country’s forex market is regulated by MiFID (the Markets in Financial Instruments Directive). However, Norway has its own local regulator that controls the field – the Financial Supervisory Authority of Norway. The body’s main goal is to promote financial stability in the country. Also, its task is to ensure the financial soundness and ability of local institutions to handle the constantly changing economical situation.

The official website of The Financial Supervisory Authority of Norway is www.finanstilsynet.no.

In recent years, there has been an increase in the popularity of Forex trading in Norway. It’s actually highly advisable to choose from Cyprus, German, or other EU brokers with a good reputation.

🏦Regulator	The Financial Supervisory Authority of Norway
🛡️Is It safe to trade	Yes
🔒Negative Balance Protection	Yes
💰Compensation Scheme	Yes
📊 Maximum Leverage	1:30

Best Forex Brokers in Norway

When it comes to choosing a good forex broker Norway, traders should remember, that due to ESMA regulation rules, almost all the reputable EU and UK brokers accept Norway clients. We recommend being very careful in picking a broker, as money safety in forex trading goes first.

In fact, there are several essential points that traders should pay close attention to while choosing a forex broker Norway. It is essential to consider the broker’s payment methods and check whether they are available in Norway. Next, traders should consider customer support and see whether they offer help in the preferred language.

To select the best forex brokers Norway, we have tested and reviewed many forex brokers. For this purpose, we opened a live account, deposited real money, and placed real trades with each broker. Based on our tests we have come up with a rather impressive list of forex brokers Norway.

To be more helpful, we have come up with the best forex brokers Norway:

• Plus 500 – Best Overall Forex Broker Norway
• Trading 212 – Best Forex Brokers for Beginners Norway
• Markets.com – Best Trading Platform Norway
• Pepperstone – Best Low Spread Forex Broker Norway

Best Norway Forex Broker Overall

We picked Plus 500 as the overall best forex broker Norway. 

Founded in 2008, Plus500 is headquartered in Israel. The broker has licenses in the United Kingdom, Cyprus, Seychelles, Singapore, and Australia. With Plus 500 traders have access to multiple markets: forex pairs and CFDs of stocks, indices, cryptocurrencies, ETFs, and options.

The broker supports deposits through credit/debit cards, bank transfers, PayPal, and Skrill. Plus500 offers its own proprietary trading platform, which is quite user-friendly and easy to use. The broker offers good customer support through live chat and email.

Best Forex Brokers for Beginners Norway

We picked Trading 212 as the best forex broker Norway for beginners.

Founded in 2004 and headquartered in London, Trading 212 is a global Forex and CFD broker. It is headquartered in London and regulated by the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC). With Trading 212 traders have access to Indices, Forex, Commodities, Stocks, Cryptocurrencies.

Trading 212 offers quick and easy deposits through multiple methods: bank wires, credit and debit cards, as well as e-wallets such as Skrill, and PayPal.

We have picked Trading 212 as the best forex broker Norway for beginners, as based on our test we found the broker’s educational resources excellent. It offers an informative video tutorial course that is very helpful both for newbie and professional traders. Trading 212 also offers text tutorials, educational articles, and a demo account.

Best Trading Platform Norway

We picked Markets.com as the best platform forex broker Norway. 

Markets.com is a global Forex and CFDs broker, founded in 2008. The broker holds licenses in the United Kingdom, Australia, Cyprus, South Africa, and the British Virgin Islands. With Markets.com traders have access to multiple tradable instruments: forex pairs, indices, stocks, commodities, and cryptocurrencies.

Deposits are fast and easy with a wide choice to choose from: bank wires, credit and debit cards, and e-wallets such as Skrill, PayPal, and Neteller.

We have chosen Markets.com as the best platform forex broker Norway, as its traders have a choice of choosing from several platforms, taking into consideration their needs and expectations as a trader. Markets.com offers Marketsx and Marketsi proprietary platforms. Also, it offers MetaTrader 4 and MetaTrader 5 platforms to those who like to conduct their trading on the popular markets.

Best Low Spread Forex Broker Norway

We picked Pepperstone as the best lowest spread forex broker Norway.

Founded in 2010, Pepperstone is an Australian Forex and CFDs broker. It holds licenses in Australia, the United Kingdom, Cyprus, Bahamas, the UAE, and Kenya. With Pepperstone traders have access to the following tradable instruments: forex pairs, indices, stocks, commodities, cryptocurrencies, and a currency index.

When it comes to spreads, Pepperstone stands out for its lowest spreads. This is why we have chosen it as the best lowest spread forex broker. The spreads charged on forex and stock trades are mostly lower than the industry average. Only Bitcoin spreads are on the higher side.

Norway Forex Trading Brokers List

Besides our best picks above, we also put together an extended list of 20 forex brokers Norway.

Norway Forex Broker	About Our Test	Our Review
eToro	Deposit Amount: Over $6,000 Total Trade: 18 trades	eToro Review
Plus500	Deposit Amount: Over €6,000 Total Trade: 18 trades	Plus500 Review
AXI (AxiTrader)	Deposit Amount: Over €6,000 Total Trade: 12 trades	AXI Review
XM	Deposit Amount: Over €5,000 Total Trade: 12 trades	XM Review
Admiral Markets	Deposit Amount: Over €4,500 Total Trade: 12 trades	Admiral Markets Review
Pepperstone	Deposit Amount: Over €6,000 Total Trade: 12 trades	Pepperstone Review
Markets.com	Deposit Amount: Over €4,500 Total Trade: 12 trades	Markets.com Review
Vantage FX	Deposit Amount: Over €5,000 Total Trade: 15 trades	Vantage FX Review
ThinkMarkets	Deposit Amount: Over €5,000 Total Trade: 15 trades	ThinkMarkets Review
GO Markets	Deposit Amount: Over €4,500 Total Trade: 12 trades	GO Markets Review
Fortrade	Deposit Amount: Over €5,000 Total Trade: 12 trades	Fortrade Review
ICM Capital	Deposit Amount: Over €5,000 Total Trade: 12 trades	ICM Capital Review
INFINOX	Deposit Amount: Over €4,000 Total Trade: 9 trades	INFINOX Review
Capital.com	Deposit Amount: Over €3,500 Total Trade: 15 trades	Capital.com Review
Darwinex	Deposit Amount: Over €5,000 Total Trade: 12 trades	Darwinex Review
Amana Capital	Deposit Amount: Over €5,000 Total Trade: 12 trades	Amana Capital Review
XTB	Deposit Amount: Over €5,000 Total Trade: 12 trades	XTB Review
FXTM	Deposit Amount: Over €6,000 Total Trade: 12 trades	FXTM Review
Tickmill	Deposit Amount: Over €8,000 Total Trade: 12 trades	Tickmill Review
Trading 212	Deposit Amount: Over €5,500 Total Trade: 15 trades	Trading 212 Review

FAQ and More on Forex Trading in Norway

Traders usually have many questions related to trading in Norway. To be helpful, we tried to pick and answer some of the most essential queries related to forex brokers Norway.

How to Verify Norway Regulated Broker?

Every European-based broker can be verified on the ESMA’s website. ESMA is engaged in safeguarding the stability of the financial system and enhancing protection for investors. It promotes stability and order in the market.

Also, the country’s regulator keeps its own register of regulated firms. In Norway forex brokers are overseen by The Financial Supervisory Authority of Norway. Besides, traders can always check the broker’s availability on its website. It is always recommended to double-check any information, to avoid complications.

Norway Highest Leverage Forex Brokers

In Norway, high leverage is available for professional or retail traders. Generally, it is better to open accounts with a Swiss broker Dukascopy. Although many offshore brokers offer high leverage, still they are not recommended due to the lack of reliability.

According to ESMA’s guidelines the maximum available leverage is 30:1. Only qualified professional traders have access to the maximum 500:1 leverage.

Tax in Norway for Forex Trading

Norway residents are subject to income taxation. Generally. the income tax in the country is 22%. However, in the country there are different tax categories, for instance, residents are allowed a personal tax-free amount during the year.

Forex traders should keep in mind that it is their responsibility to file tax forms to the relevant institutions. In case of delays or avoidance, they will have to pay penalties and fines.