Best Forex Brokers Sweden 2022

To come up with this list, we have tested forex brokers Sweden.

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

We also reached out to customer support to see how the team solved our issues. At last, we withdrew our funds thus checking the withdrawal process.

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

Is Forex Trading legal in Sweden?

Sweden is located in Northern Europe. It neighbors Norway, Finland, and Denmark. The largest city and the capital of the country is Stockholm. Sweden is the sixteenth richest country. It has a mixed economy. The main sectors that comprise the country’s economy are timber, hydropower, iron industries, also, foreign trade. Sweden has its own currency – the Swedish krona.

As to forex trading in Sweden, it is completely legal. Sweden is part of the EU. This means that all European Brokers and UK Brokers are available for Swedish traders. Traders can choose from Cyprus, German or other EU brokers with a good reputation.

The market is regulated by the Financial Supervisory Authority of Sweden (FSA). The only condition that the regulatory body imposes on the brokers, is that they should have an EU license. All in all, the FSA has set quite strict rules, and in the case of dubious activities, brokers can be banned straight away.

The official website of the Financial Supervisory Authority of Sweden is www.fi.se.

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

Best Forex Brokers in Sweden

Forex Trading is legal in Sweden. As the country is a part of the EU, all the European brokers are available to Sweden clients due to ESMA regulation rules. There are Brokers that are based in the country and fall under local regulation, and there are brokers that accept Traders from Sweden. We recommend signing only with reliable firms as money safety in trading goes first.

Before signing with a broker, we advise you to check the broker’s offerings. One of the most essential aspects are payment methods. It is important to verify whether the broker’s accounts are supported by available payment methods in your country. Another important aspect is customer support. Check if the team provides help in your preferred language.

To select the best forex brokers Sweden, we have reviewed many regulated forex brokers. Based on our research, we have come up with a list of the best forex brokers Sweden:

• Plus500 – Best Online Broker Sweden Overall
• Trading 212 – Best Forex Broker for Beginners Sweden
• Vantage FX – Best Swedish MT5 Broker
• Admiral Markets – Best Lowest Spread Forex Broker in Sweden
• ActivTrades – Best Stock Broker in Sweden

Best Online Broker Sweden Overall

We picked Plus500 as the best online forex broker Sweden Overall.

Plus 500 was founded in 2008. The broker is headquartered in Israel and holds licenses in the United Kingdom, Cyprus, Seychelles, Singapore, and Australia. Plus 500 enables traders to access the following categories: forex pairs and CFDs of stocks, indices, cryptocurrencies, ETFs, and options. Plus500 is a popular broker for cryptocurrency CFDs trading.

Plus500 offers a single account type to traders. The broker offers its own trading platform which is user-friendly and easy to use. The broker supports deposits and withdrawals via credit/debit cards, bank transfers, PayPal, and Skrill. The broker’s customer support is through live chat and email.

Also, Plus500 offers basic videos to beginner traders. It also provides a demo trading account.

Best Forex Broker for Beginners Sweden

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

Founded in 2004 Trading 212 is located in London. This is a global Forex and CFD broker. Trading 212 is strictly regulated and holds licenses by the UK Financial Conduct Authority (FCA) and the Bulgarian Financial Supervision Commission (FSC). Traders have access to multiple markets in the following categories: indices, forex, commodities, stocks, and cryptocurrencies.

Trading 212 offers various payment methods, such as bank wires, credit and debit cards, as well as e-wallets (Skrill, and PayPal). The broker has two main account types: Invest and CFD. With Trading 212 clients can conduct their trades on the broker’s proprietary platform equipped with all the tools and features for favorable trading.

We have chosen Trading 212 as the best forex broker Sweden for beginners. The broker’s educational section is really good, especially suitable for novice traders. It offers text tutorials, educational articles, and a demo account. Also, clients have access to the in-depth video tutorial course. Read also our article on the Best Online Forex Trading Courses.

Best Swedish MT5 Broker

We picked Vantage FX as the best MT5 forex broker Sweden.

Vantage FX is a forex and CFDs broker. Founded in 2009 it is located in Sydney, Australia. The broker is tightly regulated with licenses in the United Kingdom, Australia, Vanuatu, and The Cayman Islands. Vantage FX offers tradable instruments: forex, indices, commodities, cryptocurrencies, and shares CFDs.

The broker offers the following account types: Raw ECN, Standard STP, and Pro ECN. The broker’s spreads for forex and commodities are much lower than the industry average.

We have chosen Vantage FX as the best MT5 forex broker Sweden. As the broker does not have its proprietary platform all its tools and features are concentrated in its MetaTrader 4 and MetaTrader 5 platforms. We have found that its MT5 platform is really good, providing favorable and successful trading.

Best Lowest Spread Forex Broker in Sweden

We picked Admiral Markets as the best low spread forex broker Sweden.

Admiral Markets is a global Forex and CFDs broker. It was founded in 2001 in Estonia. The broker is tightly regulated in Australia, the United Kingdom, Cyprus, and Estonia. With the broker clients have access to multiple trading instruments: forex pairs, indices, stocks, commodities, and cryptocurrencies.

The available payment methods are bank wires, credit and debit cards, and e-wallets such as Skrill and Neteller. Admiral Markets offers the popular MetaTrader 4 and MetaTrader 5 platforms. The broker offers five main account types: Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, and Zero.MT5. Also, Muslim clients can open Islamic accounts.

We have chosen Admiral Markets as the best low spread forex broker Sweden. Our research showed that the broker’s spreads are very low across all the markets. Read also about the Best Lowest Spread Forex Brokers.

Best Stock Broker in Sweden

We picked ActivTrades as the best stock forex broker Sweden.

Founded in 2001, ActivTrades is a global Forex and CFDs broker. It is located in London, United Kingdom, and holds licenses in the United Kingdom, Luxembourg, and the Bahamas. ActivTrades offers a considerable amount of tradable instruments in forex, indices, stocks, and commodities segments.

ActivTrades offers 2 main account types: an Individual Account and an Islamic Account. With the broker, clients can deposit and withdraw from their accounts via bank transfers, credit and debit cards, and e-wallets such as Skrill, PayPal, and Neteller.

ActivTrades has a proprietary platform known as ActivTrader. It is one of the best stock brokers platform Sweden. Besides its proprietary platform, clients have also access to the popular MT4 and MT5 platforms.

We have chosen ActiveTrade as the best stock forex broker Sweden. Based on our tests, we have discovered that it is one of the best brokers for scalping stocks Sweden.

Top 10 Forex Brokers Sweden List

We have tested many regulated and trustworthy forex brokers Sweden. Based on our research, we have come up with a list of available forex brokers Sweden.

Sweden 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
Trading 212	Deposit Amount: Over €5,500 Total Trade: 15 trades	Trading 212 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
ActivTrades	Deposit Amount: Over €5,000 Total Trade: 12 trades	ActivTrades 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

FAQ and More on Forex Trading in Sweden

Traders usually have concerns related to forex trading in Sweden. To be helpful we picked and answered some of the most essential questions related to forex brokers Sweden.

How to Verify Sweden Regulated Brokers?

Traders often wonder how they can verify a forex broker Sweden. Generally, it is quite easy. You can look for the information on the regulator’s website. As already mentioned, the sector is regulated by the Financial Supervisory Authority of Sweden (FSA). Besides, you can verify a broker on the ESMA website.

Yet, there is another easy way for verification. Traders can check the information immediately with the broker. Almost all brokers mention on their websites the available and restricted regions.

ECN Broker in Sweden

ECN is an automated bridging system directly connecting buyers and sellers in a trade settlement. It excludes the role of third parties in connecting buyers and sellers.

Based on our research we have come up with the following STP forex brokers with ECN.

• INFINOX
• Go Markets
• FXTM

High Leverage Forex Broker in Sweden

High leverage is available for Sweden and European clients either for professional traders or retail traders opening accounts with commodities and crypto brokers like Dukascopy. The majority of offshore brokers still offer high leverage but they are not recommended.

Based on ESMA guidelines the maximum available leverage is 30:1. 500:1 leverage is available only for professional traders.

Tax in Sweden for Forex Trading

Forex trading in Sweden is taxable. The tax rate for capital gains is 30%. The income tax rate in the country starts from 32.28%.

Traders from Sweden should remember that they are responsible for keeping track of their trades and transactions and filing tax forms to the relevant institutions. In case of tax avoidance, traders may face penalties and fines.