Brokers With DKK Accounts
Brokers with DKK accounts allow you to hold your trading portfolio in Danish Krone. If you live in Denmark, Greenland or the Faroe Islands, finding brokers that accept DKK means a smooth trading experience in your own currency. Read on to find out how DKK accounts work, what the benefits are, and check out our list of the best brokers with DKK accounts.
Brokers With DKK Accounts
These are the 5 best brokers that offer accounts with DKK as the base currency:
Brokers With DKK Accounts Comparison
| Broker | Minimum Deposit | Instruments | Platforms | Visit |
|---|---|---|---|---|
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$10 | CFDs, Forex, Stocks, Indices, Commodities, Crypto | Exness Trade App, MT4, MT5, TradingCentral | Visit |
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$0 | Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only) | MT4 | Visit |
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$0 | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting | Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral | Visit |
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$100 | CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds, Spread Betting (UK Only) | Markets.com Web/App Platform, MT4, MT5 | Visit |
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$0 | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral | Visit |
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$100 | Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options | MT4, AlgoTrader | Visit |
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$0 | Stocks, Cryptos, Commodities | Own | Visit |
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$0 | Stocks, ETFs, Bonds, Futures, Options, Warrants | Own | Visit |
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- | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs | TradingView | Visit |
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$10 | Options, Stocks, Commodities, Forex, Crypto, Futures, | Expert Option Web Platform | Visit |
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$2500 | Stocks, ETFs, Cryptos, Options, Bonds | Own | Visit |
#1 - Exness
Why We Chose Exness
Exness is a Cyprus-based forex and CFD brokerage established in 2008. With over 260,000 clients, several awards and reputable licensing, the broker has maintained its position as a highly respected global brand. Active day traders can access the popular MT4 and MT5 platforms, raw spreads and multiple account types.
"Exness remains an accessible broker for all experience levels, though experienced day traders will particularly appreciate the ultra-low commission rates, fast withdrawals and high-quality charting software."
- DayTrading Review Team
- Instruments: CFDs, Forex, Stocks, Indices, Commodities, Crypto
- Regulator: FSA, CySEC, FCA, FSCA, FSC, CBCS
- Platforms: Exness Trade App, MT4, MT5, TradingCentral
- Minimum Deposit: $10
- Minimum Trade: 0.01 Lots
- Leverage: 1:2000
Pros
- Experienced strategy providers can open social trading accounts, with monthly commissions up to 50%
- Top-tier licensing with the FCA and CySEC and a strong reputation with over 10 years in business
- Exness is the first brokerage to pass the $1 trillion and $2 trillion marks in monthly trading volumes
Cons
- There are no promotional deals or loyalty schemes for high-volume day traders
- There are several regional restrictions for retail traders including the USA, Europe and the UK
- Unlike most competitors, Exness doesn't provide its own education section
#2 - Trade Nation
Why We Chose Trade Nation
Trade Nation is a top FX and CFD broker regulated in multiple jurisdictions including the UK and Australia. The firm offers low-cost fixed and variable spreads on 1000+ assets with robust trading platforms and training materials. The Signal Centre can also be used for trade ideas.
"Trade Nation is a good choice for newer traders looking for a wide range of financial markets on a user-friendly platform. There is no minimum deposit, free funding options and strong education."
- DayTrading Review Team
- Instruments: Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only)
- Regulator: FCA, ASIC, FSCA, SCB, FSA
- Platforms: MT4
- Minimum Deposit: $0
- Minimum Trade: 0.1 Lots
- Leverage: 1:500 (entity dependent)
Pros
- A choice of trading platforms and apps, including MT4, make the brand a good fit for savvy traders
- Multiple account currencies are accepted for global traders
- There is a low minimum deposit for beginners
Cons
- Fewer legal protections with offshore entity
#3 - IG
Why We Chose IG
Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
"IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders."
- DayTrading Review Team
- Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
- Regulator: FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA
- Platforms: Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
- Minimum Deposit: $0
- Minimum Trade: 0.01 Lots
- Leverage: 1:30 (Retail), 1:250 (Pro)
Pros
- The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our Best Trading App award
- IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis
- The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met
Cons
- Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges
- While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients
- IG applies an inactivity fee of $12 per month after 2 years, deterring casual investors
#4 - Markets.com
Why We Chose Markets.com
Markets.com is a respected broker, offering multi-asset trading opportunities through CFDs or spread betting (UK only). Established in 2008, the brand has an impressive 4.3 million registered customers and is overseen by trusted regulators, including the FCA, ASIC and CySEC. 79.1% of retail accounts lose money.
"Markets.com is best for active traders looking for a regulated broker with low fees and fast execution speeds of 82ms. Beginners will also enjoy the in-house platform with its user-friendly interface, clear navigation and dynamic charts."
- DayTrading Review Team
- Instruments: CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds, Spread Betting (UK Only)
- Regulator: FCA, CySEC, ASIC, FSCA, FSC
- Platforms: Markets.com Web/App Platform, MT4, MT5
- Minimum Deposit: $100
- Minimum Trade: 0.01 Lots
- Leverage: 1:30
Pros
- The low minimum deposit of $100 should appeal to beginners
- CFD and spread-betting opportunities are available on multiple asset classes including forex, stocks, ETFs, bonds and indices
- There are no deposit/withdrawal charges, account registration or order admin costs
Cons
- There are no auto or copy trading terminals outside of the MetaTrader platforms, such as DupliTrade
- Unlike some top competitors like XM, customer support is not available on the weekend
- The single retail account option doesn't offer traders any choice of trading conditions, or any additional perks for active trading
#5 - Interactive Brokers
Why We Chose Interactive Brokers
Interactive Brokers (IBKR) is a premier brokerage for experienced traders, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."
- DayTrading Review Team
- Instruments: Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
- Regulator: FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB
- Platforms: Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
- Minimum Deposit: $0
- Minimum Trade: $100
- Leverage: 1:50
Pros
- IBKR continues to deliver unmatched access to global stocks with tens of thousands of equities available from 100+ market centres in 24 countries.
- The new IBKR Desktop platform takes the best of TWS while adding bespoke tools like Option Lattice and Screeners with MultiSort to create a genuinely impressive trading experience for day traders at every level.
- The TWS platform has clearly been built for intermediate and advanced traders and comes with over 100 order types and a reliable real-time market data feed that rarely goes offline.
Cons
- TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
- Support can be slow and frustrating based on tests, so you might find it challenging to reach customer service representatives promptly or encounter delays in resolving issues.
- You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.
What Is A DKK Account?
Brokers with a DKK account offer an online trading account that has Danish Krone as its base currency. DKK accounts have plenty of advantages for Danish traders, starting with fewer transaction and conversion fees. And because the Danish Krone is pegged to the Euro, the DKK/EUR is a stable forex pair, making it a desirable asset for Danish traders.
Pros Of Brokers With DKK Accounts
Finding a broker with a DKK account has multiple benefits:
- No conversion fees – Many Danish traders will have encountered brokers charging currency conversion fees when opening an account in a different base currency. Finding a broker with a DKK account means that there are no conversion fees on your deposits.
- Deposits and withdrawals – The best brokers with DKK accounts offer a smooth deposit process so you can start trading immediately and a quick withdrawal system so you can recover your profits in DKK. Brokers with DKK accounts often allow you to pay with a Visa/Dankort, the national Danish debit card.
- Regulation – If you are trading from Denmark, Greenland or the Faroe Islands, it is important that you find a broker that is regulated by trusted financial authorities. To trade in Denmark, a broker must be regulated by at least one European financial authority. Some of the top brokers with a DKK account are licensed by the Danish Financial Services Agency (FSA), but regulation from the Cyprus Securities and Exchange Commission (CySEC) or the German BaFin are also signs of a trustworthy provider. You can check the FSA company register to see if a broker is registered in Denmark.
- Market access – Danish traders will need to ensure their chosen broker offers easy access to international financial markets. Most brokers with DKK accounts offer trading on currency pairs like DKK/USD, DKK/GBP and DKK/EUR. Many platforms also allow you to invest in cryptos, stocks and other assets.
- Pegged to the Euro – The forex pair DKK/EUR is stable, which means traders can benefit from small currency fluctuations with limited risk.
How To Check A Broker Offers DKK Accounts
Because the Danish Krone is a less widely used trading currency, it can be difficult to find a broker that offers DKK accounts. The accounts section of a broker’s website usually provides some information on base currencies. If you’re still in doubt, contact the company’s customer service team. The top platforms offer a live chat or phone line that can answer questions quickly. The FAQ section of the provider’s website can also be a quick way to find out if the broker offers a DKK account.
How To Compare Brokers With DKK Accounts
When deciding which broker with a DKK account to use, consider these factors:
- Fees – Brokers have different fees, usually taking the form of spreads and commissions. The best pricing system for you will depend on your trading style – for example, if you are looking to profit from small fluctuations in the DKK/EUR, you will need to find a broker with a DKK account that offers low forex spreads.
- Markets – You will need to decide what markets you want to trade on before choosing an account. Many brokers with DKK accounts offer forex pairs, but if you’re keen to start trading stocks or cryptocurrencies, check these are available too.
- Regulation – Opening a DKK account with a regulated broker can limit certain risks. The Danish FSA regulates only a handful of brokers, which will provide the most secure trading experience for DKK account holders. Make sure your broker is reputable and regulated by the FSA or other European financial bodies.
- Customer service – A responsive and efficient customer service team is key to a seamless trading experience. For maximum convenience, look for brokers with a DKK account that offers 24/7 live chat or telephone support in your language.
- Platforms and mobile apps – The best brokers with DKK accounts let you trade on a variety of platforms and devices. These might include MetaTrader 4, a web trader or the broker’s own mobile app. Choose a platform that best suits your trading style and make sure you are familiar with the tools available. Most brokers offer demo accounts with virtual funds, where you can practice trading and test out a platform before investing any Danish Krone.
- Leverage – Regulators places limitations on the margin a broker can offer to traders in Denmark. For example, the maximum leverage allowed for cryptocurrencies is typically 1:2. Check the leverage offered by each broker for your desired markets to ensure it suits your trading needs.
Taxes
If you are trading from Denmark, you may need to report your losses and profits to the Danish Tax Authorities. Some bank accounts offer reduced tax levels, but will also tax you for unrealised gains (that is, trades that you have not closed). Ensure that you keep track of your profits and losses for accurate reporting and consult a local tax advisor for guidance.
Final Word On Brokers With DKK Accounts
If you live in Denmark or hold Danish Krone, having an account in DKK may make the deposit and withdrawal process smooth and provide you with additional benefits. Trading in Denmark is regulated and the DKK is pegged to the Euro, making it a relatively stable currency. Check our list of brokers that offer DKK accounts to compare fees, market access, customer support and more.
FAQ
Which Brokers Have A DKK Account?
Any broker that is regulated by a European financial body can operate in Denmark, but only a few brokers offer accounts where the base currency is the Danish Krone. Check out our list of the best brokers with DKK accounts.
What Are The Advantages Of Using A Broker With A DKK Account?
The Danish Krone is pegged to the Euro which makes trading forex pairs with the DKK relatively stable. Brokers with DKK accounts also usually offer a secure trading environment and access to a wide range of markets.
How Can I Check If A Broker Offers A DKK Account?
Brokers that are regulated by the Danish FSA are more likely to have a DKK account. You can find them on the FSA Company Register. Other ways to verify that a platform offers a DKK trading account include checking the payments or FAQ section of the provider’s website.
How Do I Choose A Broker With A DKK Account?
When deciding which broker with a DKK account to go for, there are a number of factors to consider. Weigh up what fees, market access, platforms and leverage options are best suited to your trading strategies.
Is Trading With A DKK Account Safe?
Denmark offers local investors a secure regulatory environment. Most brokers with a DKK account are regulated under European law while The Danish Financial Supervisory Authority (FSA) regulates multiple trading platforms.