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  Forex trading in Sweden has experienced consistent growth over the years, presenting a dynamic landscape for investors. The market is closely regulated by the Swedish Financial Supervisory Authority, known as Finansinspektionen (FI). This regulatory oversight ensures that all transactions adhere to established rules and guidelines, prioritizing safety and fairness.

  In the realm of routine trading, numerous currency pairs are involved, including the Swedish Krona. As is the case with any form of financial trading, potential investors are strongly encouraged to acquire a solid understanding of forex dynamics and develop sound trading strategies before actively participating in the market.

  Choosing the right broker is crucial for a secure trading environment. Opting for brokers regulated by the FI adds an extra layer of assurance. The Swedish market stands out as investor-friendly, given the country's robust economy and stable political climate.

  In conclusion, for those seeking the best traders in Sweden, careful consideration of the information provided in this article is recommended. This insight can serve as a valuable guide in navigating the dynamic landscape of Forex trading in the Swedish market.


Top 7 Best Forex Brokers in Sweden for 2024

Competitive spreads as low as 0.0 pips, coupled with advanced trading tools and lightning-fast execution on the MetaTrader platform, make FP Markets a preferred choice for traders seeking optimal trading conditions.

Experience seamless trading with FP Markets, enjoying diverse trading products, low commission rates, and exceptional customer service. The platform's user-friendly interface caters to both novice and seasoned traders, ensuring a rewarding trading experience.

Renowned for its cutting-edge trading technology and advanced analytics, this financial platform empowers users with seamless access to global markets, ensuring precision in every trade.

Unleashing a realm of financial possibilities, this platform pioneers innovation with its state-of-the-art tools and comprehensive market insights, fostering a dynamic environment for traders to excel.

Australia-based, regulated forex broker, making traders enjoy diverse trading instruments and outstanding conditions with low deposit, high leverage.

A world of finance at your fingertips with our regulated broker. Designed for beginners and experts alike, offering versatility and speed at affordable costs.

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Comparison of the Best Forex Brokers in Sweden

Forex Broker

License

Minimum Spread

Maximum Leverage

Minimum Deposit

Open account

Details

Compare

Regulated
0.0
1:500
$100
6.48
Regulated
0.0
1:500
$0
Regulated
/
1:500
$200
7.89
Regulated
0.0
1:400
$100
6.55
Regulated
0.1
1:2000
$10
7.74
Regulated
1.5
1:1000
$100
7.53
Regulated
0.75
1:30
$10

Best Forex Brokers in Sweden Overall

  •   FP Markets

  •   FP Markets is an Australian-based online brokerage firm that offers various trading instruments including forex, shares, indices,metals, and cryptocurrencies. It is regulated by ASIC and CySEC. FP Markets provides clients with access to multiple trading platforms including MetaTrader 4, MetaTrader 5, and IRESS and several account types to cater to the needs of different traders, including 99 Standard and Raw.

      Competitive spreads as low as 0.0 pips, coupled with advanced trading tools and lightning-fast execution on the MetaTrader platform, make FP Markets a preferred choice for traders seeking optimal trading conditions.

      Experience seamless trading with FP Markets, enjoying diverse trading products, low commission rates, and exceptional customer service. The platform's user-friendly interface caters to both novice and seasoned traders, ensuring a rewarding trading experience.

    FP Markets Snapshot⭐⭐⭐⭐⭐
    Regulation ASIC, CySEC
    Minimum Deposit $100
    Trading Instruments Forex, Indices, Commodities, Shares, Cryptocurrencies
    Trading Platforms MetaTrader 4, MetaTrader 5, Iress
    Account Types Standard, Raw, Islamic, Demo
    Leverage Up to 1:500
    Spreads From 0.0 pips
    Commission $3.00 per side per 100k traded (Raw Account only)
    ????Pros ????Cons
    Regulated by ASIC, CySEC No support for U.S. clients
    Wide range of trading instruments Limited live account types
    Website easy to navigate Charges inactivity fees on dormant accounts
    Low spreads and competitive pricing No social trading platform
    Generous leverage up to 1:500 Higher minimum deposit compared to other brokers
    Rich educational resources available
    Offers negative balance protection
    Offers multiple trading platforms, including MT4 and MT5
    •   BlackBull Markets

    •   BlackBull is an STP (Straight Through Processing) forex broker that provides online trading services to retail and institutional clients. The company was founded in 2014 and is headquartered in Auckland, New Zealand. BlackBull is regulated by the Financial Markets Authority (FMA) of New Zealand and offers over 26,000 tradable instruments including forex, energy, indices, cryptocurrencies, equities, and metals. The broker provides clients with multiple trading platforms such as MetaTrader 4/5 and various trading tools.

        Renowned for its cutting-edge trading technology and advanced analytics, this financial platform empowers users with seamless access to global markets, ensuring precision in every trade.

        Unleashing a realm of financial possibilities, this platform pioneers innovation with its state-of-the-art tools and comprehensive market insights, fostering a dynamic environment for traders to excel.

      BlackBull MarketsSnapshot⭐⭐⭐⭐⭐
      Regulation FMA
      Market Instruments forex, energy, indices, cryptocurrencies, equities and metals
      Leverage 1:500
      EUR/USD Spread From 0.0 pips
      Trading Platforms TradingView, MT4, MT5, BlackBull Trader and BlackBull Shares
      Minimum deposit $0
      ????Pros ????Cons
      • Regulated by FMA • Negative reviews from clients regarding withdrawal issues
      • Wide range of tradable instruments • Limited range of payment options
      • Demo accounts available
      • Multiple trading platforms and tools
      • No minimum deposit requirement
      • Rich educational resources
      •   VT Markets

      •   VT Markets, headquartered in Sydney, is a regulated subsidiary of Vantage International Group with over a decade in global financial markets. Operating under the Financial Sector Conduct Authority (FSCA), it offers trading in a wide range of instruments including currencies, commodities, indices, and more. The broker ensures competitive trade conditions, a $100 minimum deposit, fast execution, and up to 1:500 leverage. Both MetaTrader 4 and 5 platforms are supported for a durable, flexible experience with extensive features, indicators, and automated trading options.

          Australia-based, regulated forex broker, making traders enjoy diverse trading instruments and outstanding conditions with low deposit, high leverage.

          A world of finance at your fingertips with our regulated broker. Designed for beginners and experts alike, offering versatility and speed at affordable costs.

        VT Markets Snapshot⭐⭐⭐⭐⭐
        Regulation Regulated by FSCA
        Market Instrument forex, precious metals, soft commodities, indexes, cryptocurrencies, energy, US stocks and Hong Kong stocks
        Account Type STP & Raw ECN
        Maximum Leverage 1:500
        Trading Platform MetaTrader4, MetaTrader5, WebTrader, Mobile App
        Minimum Deposit $200
        ????Pros ????Cons
        Wide range of trading instruments Limited regulatory oversight
        Low trading fees Limited educational resources
        Multiple account types Limited customer support options
        Multiple trading platforms, MT4, MT5 and Webtrader No demo accounts
        Flexible leverage up to 1:500 Limited research and analysis resources
        Swap-free options available
        Wide selection of payment methods
        Social Trading Available
        Deposit and welcome bonuses offered
        •   Eightcap

        •   Eightcap is a popular online forex and CFDs broker that offers access to trade various financial markets. The broker was founded in 2009 in Melbourne, Australia, and has since expanded its presence to other regions such as Europe, Asia, and the Middle East. Eightcap prides itself on providing a user-friendly trading experience, robust trading platforms, and competitive trading conditions for its clients.

            Based in Melbourne, this firm has a diverse portfolio of over 200 assets including forex, indices, and more. It is licensed and regulated by the ASIC and VFSC.

            Known for excellent trading conditions, this entity offers low spreads and no deposit fees. Traders can use MetaTrader 4 and 5 platforms for their needs.

          8 eightcap Snapshot⭐⭐⭐⭐⭐
          Regulation ASIC, FCA, SCB
          Minimum Deposit $100 USD
          Trading Assets Forex, Cryptocurrencies, Indices, Commodities, Shares
          Spreads Starting from 0.0 pips
          Commissions $3.5 per side per lot
          Leverage Up to 1:500
          ????Pros ????Cons
          Regulated by top-tier financial authorities Limited range of account types
          Low minimum deposit of $100 No social trading options
          Competitive spreads and commission fees compared with other brokers No proprietary trading platform
          Offers MT4 and MT5 trading platforms No Islamic accounts
          Wide range of tradable assets including CFDS No 24/7 customer support
          •   FXTM

          •   FXTM, or Forex Time, is a global forex and CFD broker founded in 2011. The company is headquartered in Cyprus and is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and other regulatory bodies in various countries. FXTM offers a variety of trading instruments with famous trading platforms.

              Tight spreads from 0.1 pips, powerful leverage reaching up to 1:1000, and flawless performance on time-tested MetaTrader 4 & 5 platforms.

              Cnvenience of low-to-no commission trading, availability of free VPS services for optimum trading performance, and educational richness provided through frequent webinars and informative resources.

            FXTM Snapshot⭐⭐⭐⭐
            Regulated By FCA, CySEC, FSCA (exceed)
            Trading Instruments Forex, Commodities, Indices, Shares, Cryptocurrencies
            Minimum Deposit $10
            Leverage Up to 1:2000
            Account Types Demo Account, Micro, Advantage, Advantage Plus
            Trading Platforms MetaTrader 4, MetaTrader 5, FXTM Trader
            ????Pros ????Cons
            Regulated by top-tier financial authorities, FCA and CYSEC Limited product offerings compared to some competitors
            Wide range of account types High inactivity fee
            Low minimum deposit requirements Limited payment methods
            Demo Accounts Available Limited research tools and resources
            Access to MT4 and MT5
            Multiple funding and withdrawal options
            •   FxPro

            •   Founded in 2006, FxPro is a reputable UK-based forex broker that provides online trading services to a global audience. With over 70 financial instruments available for trading, FxPro offers its clients a diverse range of products, including forex, shares, indices, futures, and spot metals. The broker provides clients with access to multiple trading platforms, including the popular MT4 and MT5 platforms, as well as its proprietary platform, FxPro trading platform, FxPro trading App, and cTrader.

                Prominent for superior execution technology across various trading platforms, fostering efficient and seamless trading

                Global operator compliant with multiple regulatory bodies, ensuring high level of trust and reliability across jurisdictions

              FxPro Snapshot
              Regulated by FCA, CySEC
              Tradable Assets Forex, Stocks, Futures, Indices, Metals, Energies, Cryptocurrencies
              Account Types Demo Account, Live Account
              Minimum Deposit $100
              Maximum Leverage 1:200
              ????Pros ????Cons
              Regulated by FCA and CYSEC Limited account types and trading instruments
              Multiple choices of trading platforms Inactivity fee charged after 6 months of inactivity
              Multiple account funding and withdrawal options Inavailability in certain countries
              Negative balance protection for retail clients No fixed spread accounts
              •   eToro

              •   Established in 2007, eToro is a multi-asset social trading platform that has been widely embraced by a diverse range of investors, traders, and social media enthusiasts. It provides its users access to a broad spectrum of financial instruments such as stocks, cryptocurrencies, forex, indices, and commodities, among others. eToro's platform is highly recognized for its user-friendly interface which is designed to cater to the needs of both beginner and seasoned traders alike, contributing to its standing as one of the most sought-after trading platforms in the market.

                  Encourages collaborative trading through a unique social interaction feature that facilitates peer learning, idea sharing, and a communal development of trading strategies

                  Offers an impressively wide asset coverage with a diverse portfolio of over 2,000 different financial instruments, extending from traditional assets like stocks and commodities to innovative options like cryptocurrencies and thematic investing.

                eToro Snapshot⭐⭐⭐⭐⭐
                Regulatory Authorities CySEC, FCA, ASIC
                Minimum initial deposit $10
                Maximum leverage 1:400
                Minimum spread From 0.75 pips
                ????Pros ????Cons
                User-friendly and easy-to-use platform Higher spreads compared to some other brokers
                Regulated by reputable financial authorities Limited range of tradable assets
                Copy trading and social trading features Limited research and analysis tools
                Wide range of payment methods Inactivity fee charged after 12 months of inactivity
                Commission-free trading on stocks and ETFs Withdrawal fee of $5
                Demo account available for practice Limited customer support options

Forex Trading Knowledge Questions and Answers

How to trade forex in Sweden?

  Trading forex in Sweden is quite similar to forex trading in other countries. Forex is the foreign exchange market where currencies are traded. Here are the steps on how to get started:

  •   Learn about forex trading:Take the time to understand how the forex market works, currency pairings, trading on margins, and how to interpret and analyse forex charts.

  •   Find a reputable forex broker: In Sweden, some popular forex brokers are IG, FOREX.com, and Saxo Bank. The broker should be regulated by a reliable financial authority, such as the Swedish Financial Supervisory Authority (Finansinspektionen).

  •   Open a trading account: Once you've chosen a broker, you'll need to open a trading account. This usually requires filling out an online form and providing some form of ID for verification.

  •   Deposit funds:After your account is approved, you can deposit funds. Most brokers accept deposits via bank transfer, credit/debit cards, or online payment platforms like PayPal. The money you deposit should be money you can afford to lose.

  •   Develop a trading strategy: Successful forex trading requires a well-thought-out strategy. This should involve determining which currency pairs you intend to trade, your risk tolerance, and your profit goals.

  •   Trade: You can now start trading. Take the time to analyse the forex market and make informed decisions. Remember to monitor your trades, keep yourself updated with market news, and revaluate your strategy regularly.

  •   Pay tax on profits: In Sweden, profits from forex trading are subject to capital gains tax. You must include your profits when you complete your annual tax return.

  •   Remember, forex trading is risky and not suitable for everyone. It's essential to educate yourself and understand the risks involved. If in doubt, consider seeking advice from a financial advisor.

Things to consider before trading forex in Sweden

  •    Choose a Reliable and Regulated Broker:It cannot be emphasized enough – selecting a trustworthy, highly regulated forex broker is paramount. This decision significantly reduces the risk of falling prey to fraudulent brokers. To assess broker reliability, refer to our Trust Score page for additional insights.

  •    Decide on Trading Approach:Determine whether you prefer exchange-traded currency derivatives (listed products) or trading over the counter (OTC) via a margin account with an international forex broker. This decision shapes your trading experience and risk exposure.

  •    Define Your Trading Goals:Clearly identify your trading objectives to formulate a well-defined trading plan. Leverage the abundance of educational resources, often provided by your broker, to make informed decisions in structuring your personalized trading strategy.

  •    Evaluate Payment Methods:Thoroughly review the payment methods offered by your chosen broker for both depositing and withdrawing funds. Opt for the method that aligns with your financial needs. Many international forex brokers support PayPal – refer to our guide on the best PayPal forex brokers.

  •    Open a Live Brokerage Account:As you prepare to trade with real funds, initiate a live brokerage account and fund it using your selected payment method. Prioritize starting with a demo account to familiarize yourself with the trading platform software without risking your invested capital.

  •    Test Your Trading Strategy:Before fully committing, rigorously test your trading strategy with live funds. Begin with an amount that you can afford to risk, ensuring a practical and informed approach to the dynamic forex market.

Things to consider before trading forex in Sweden

What should Swedish traders look for in a forex broker?

  Retail traders encounter four primary limitations when engaging in trading activities in Sweden and Europe:

  •   Limited Leverage:Trading with Forex is restricted to a maximum leverage of 1:30.

  •   Prohibition on Spread Betting:Spread betting is not permitted.

  •   Ban on Binary Options:Binary Options trading is prohibited.

  •   Restrictions on Bonuses:Brokers are prohibited from offering welcome or deposit bonuses, though benefits for loyal/active traders are allowed.

  •   When selecting the best broker in Sweden, consider the following three tips:

    •   Regulation Matters:Opt for forex brokers regulated by top-tier authorities like ESMA (European Securities and Markets Authority). Brokers without ESMA regulation can not offer services in EU countries.

    •   Low Spreads and Commissions:Prioritize brokers with competitive spreads (preferably below 1 pip on major forex pairs) and reasonable commissions. Additionally, explore Active Trader programs for potential benefits such as lower spreads or rebates.

    •   Budget-Friendly Options:If budget constraints are a concern, look for brokers offering nano-lots or Cent accounts. With the 30:1 leverage limit in Europe, trading with minimal amounts becomes feasible. Nano lots allow positions in forex with as little as 0.33€, providing an alternative to standard deposits that usually range between 100€ and 200€. Cent accounts often have a minimum deposit lower than 10€.

Is forex trading taxable in Sweden?

  Yes, forex trading is taxable in Sweden. Profits from forex trading are considered capital gains and are subject to taxation. However, the tax rate can vary depending on your personal circumstances, so it's recommended to consult with a tax professional or the Swedish Tax Agency (Skatteverket) for accurate information.

Is forex trading taxable in Sweden?

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