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Brokers With DKK Accounts

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Written By
Jemma Grist
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Written By
Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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Edited By
James Barra
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Edited By
James Barra
James is an investment writer with a background in financial services. He has worked as a management consultant, where he delivered large-scale operational transformational programmes at some of Europe's biggest banks. James authors, edits and fact-checks content for a series of investing websites.
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Updated
May 29, 2024

DKK accounts allow you to hold your trading portfolio in Danish krone. They offer a smooth trading experience for residents of Denmark, Greenland and the Faroe Islands looking to deposit and withdraw in their stable local currency.

See our pick of the best brokers with DKK accounts, personally tested by our expert analysts.

Best Brokers With DKK Accounts

These are the top 4 brokers that accept DKK accounts:

Click a broker for details
  1. 1
    IG
    Forex trading involves risk. Losses can exceed deposits.
    Ratings
    4.9 / 5
    4 / 5
    4.5 / 5
    3.5 / 5
    4.8 / 5
    4.5 / 5
    4.9 / 5
    5 / 5
    4.6 / 5
    4 / 5
    $0
    0.01 Lots
    1:30 (Retail), 1:250 (Pro)
    FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB
    CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
    Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
    PayPal, Wire Transfer, Mastercard, Credit Card, Visa, Debit Card
    USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
    Go To IG
  2. 2
    Interactive Brokers
    Ratings
    4.5 / 5
    3.5 / 5
    4.5 / 5
    4.3 / 5
    3.3 / 5
    3 / 5
    4.4 / 5
    4.3 / 5
    4.3 / 5
    4.5 / 5
    $0
    $100
    1:50
    FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA
    Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
    Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
    Cheque, ACH Transfer, Wire Transfer, Automated Customer Account Transfer Service, TransferWise, Debit Card
    USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF
    Go To Interactive Brokers
  3. 3
    Revolut
    Revolut is a financial technology company. Banking services provided by Metropolitan Commercial Bank, Member FDIC. Securities products and services provided by Revolut Securities Inc, member FINRA/SIPC. Securities products are not insured by the FDIC or any federal government agency, are not bank deposits, are not obligations of or guaranteed by Metropolitan Commercial Bank and are subject to investment risks, including possible loss of the principal amount invested.
    $0
    $1
    FINRA, SEC
    Stocks, Cryptos
    Own
    Wire Transfer, Debit Card, Credit Card, Apple Pay, Google Wallet, Visa, Mastercard
    USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, NOK, DKK, CHF, HKD, PLN, CZK, HUF
    Go To Revolut
  4. 4
    Zacks Trade
    $2500
    $3
    FINRA
    Stocks, ETFs, Cryptos, Options, Bonds
    Own
    Wire Transfer, ACH Transfer, Cheque
    USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, HUF
    Go To Zacks Trade

This is why we think these brokers are the best in this category:

  1. IG - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US 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.
  2. Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, 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.
  3. Revolut - Revolut is a popular financial app that also offers trading on stocks, metals and digital currencies. The brand has over 25 million users worldwide with a choice of accounts, tools and services to suit different needs and budgets, including online investing and currency exchange.
  4. Zacks Trade - Zacks Trade is a FINRA-regulated US broker offering trading on stocks, ETFs, cryptocurrencies, bonds and more through a proprietary terminal. The broker is geared toward active traders and offers very affordable fees on most assets as well as an app and a vast amount of market data.

Brokers With DKK Accounts Comparison

Brokers With DKK Accounts Comparison
Broker DKK Account Minimum Deposit Markets Regulator
IG logo
✔ $0 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB
Interactive Brokers logo
✔ $0 Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA
Revolut logo
✔ $0 Stocks, Cryptos FINRA, SEC
Zacks Trade logo
✔ $2500 Stocks, ETFs, Cryptos, Options, Bonds FINRA

IG

"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."

Christian Harris, Reviewer

IG Quick Facts

Demo AccountYes
InstrumentsCFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
RegulatorFCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB
PlatformsWeb, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
Minimum Deposit$0
Minimum Trade0.01 Lots
Leverage1:30 (Retail), 1:250 (Pro)
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD

Pros

  • The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met
  • The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading
  • As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust

Cons

  • While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients
  • 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
  • IG has discontinued its swap-free account, reducing its appeal to Islamic traders
Visit IG
IG Review

Interactive Brokers

"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."

Christian Harris, Reviewer

Interactive Brokers Quick Facts

Demo AccountYes
InstrumentsStocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
RegulatorFCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA
PlatformsTrader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, eSignal, TradingCentral
Minimum Deposit$0
Minimum Trade$100
Leverage1:50
Account CurrenciesUSD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Pros

  • There's a vast library of free or paid third-party research subscriptions catering to all types of traders, plus you can enjoy commission reimbursements from IBKR if you subscribe to Toggle AI.
  • IBKR is one of the most respected and trusted brokerages and is regulated by top-tier authorities, so you can have confidence in the integrity and security of your trading account.
  • With low commissions, tight spreads and a transparent fee structure, IBKR delivers a cost-effective environment for short-term traders.

Cons

  • IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
  • 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.
  • 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.
Visit Interactive Brokers
Interactive Brokers Review

Revolut

"Revolut is suitable for casual stock traders looking for an easy-to-use app with transparent fees and a low minimum investment."

William Berg, Reviewer

Revolut Quick Facts

Demo AccountNo
InstrumentsStocks, Cryptos
RegulatorFINRA, SEC
PlatformsOwn
Minimum Deposit$0
Minimum Trade$1
Account CurrenciesUSD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, NOK, DKK, CHF, HKD, PLN, CZK, HUF

Pros

  • 24/7 live chat support
  • Multiple deposit and withdrawal options including wire transfer
  • No inactivity charge

Cons

  • No margin trading
  • Relatively narrow product range
  • No advanced trading platform
Visit Revolut
Revolut Review

Zacks Trade

"Zacks Trade will suit active day traders with experience using powerful platforms. Fees and margin rates are low while the market research is excellent."

Tobias Robinson, Reviewer

Zacks Trade Quick Facts

Demo AccountYes
InstrumentsStocks, ETFs, Cryptos, Options, Bonds
RegulatorFINRA
PlatformsOwn
Minimum Deposit$2500
Minimum Trade$3
Account CurrenciesUSD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, HUF

Pros

  • Comprehensive research and data
  • 20+ account denominations
  • Demo account

Cons

  • No forex, commodities or futures trading
  • Withdrawal fees apply if removing funds more than once per month
  • No MT4 or MT5 platform integration
Visit Zacks Trade
Zacks Trade Review

How Did We Choose The Best Brokers?

To find the best trading platforms that offer DKK accounts we:

  • Searched our directory of 500 online trading platforms
  • Pinpointed all those that offer accounts denominated in the Danish krone
  • Rated them using 100+ data points and findings from our hands-on tests

What Is A DKK Account?

A DKK account is a trading account where transactions and trades are handled in Danish krone.

This means that investments you hold and trade, including deposits and withdrawals, are in DKK.

Below is an example of where I opened an account with Dukascopy:

Opening a DKK account at Dukascopy
Dukascopy – DKK Account Registration

 

Do I Need A DKK Trading Account?

A DKK account might work for you if:

  • You live in Denmark, Greenland or Faroe Islands and hold money in DKK as it’s more convenient to hold an account in the same currency.
  • You often trade currency pairs that include the DKK, including USD/DKK, EUR/DKK and GBP/DKK because there’s a smaller risk of conversion charges.
  • You trade Danish or Nordic stocks listed on the Nasdaq Nordic as managing trades in a regional currency is often faster and cheaper.

How Can I Check If A Broker Offers An Account In Danish Krone?

You can follow these simple steps, which we also took to ensure our recommended platforms offer DKK accounts:

  1. Head to the ‘account types’ page on the broker’s website to find the available base currencies.
  2. Verify that DKK is listed as a supported currency in Denmark, Greenland or Faroe Islands.
  3. Register for an account and choose DKK as your base currency (though you may be required to choose your base currency later).

Pros & Cons of DKK Trading Accounts

Pros

  • Our evaluations have found that brokers with DKK accounts often provide access to regional markets, offering a more tailored service to Danish traders. IG, for example, offers popular Danish shares such as Danske Bank, as well as DKK currency pairs like USD/DKK and EUR/DKK.
  • DKK trading accounts can reduce conversion fees if dealing in krone, which is a notable benefit for active traders. XM, for example, charges a 0.5% fee for currency conversions when transferring between DKK and the account base.
  • Since the Danish krone is still firmly pegged to the euro, traders can benefit from relatively small currency fluctuations with limited risk.

Cons

  • Despite becoming increasingly popular, DKK accounts are still relatively uncommon (less than 10% of brokers we’ve evaluated), so you won’t have the widest choice compared to brokers with USD accounts, for instance, which are offered by virtually every trading platform.
  • You may still face conversion fees when trading popular markets using a DKK account. Forex.com charges up to 0.5% if you want to trade US stocks, for instance, using a DKK account.

FAQ

Which Is The Best Broker With A DKK Trading Account?

See our list of the top-rated brokers with DKK accounts, thoroughly tested by our experts.

How Much Does It Cost To Open A Trading Account Based In Danish Krone?

Our tests have shown you’ll need up to 250 USD (around 1,747 DKK) to open a live trading account. That said, we’ve seen many top brands offering much lower.

For example, IG stands out for its beginner-friendly DKK account requiring no minimum deposit.

Article Sources

The writing and editorial team at DayTrading.com use credible sources to support their work. These include government agencies, white papers, research institutes, and engagement with industry professionals. Content is written free from bias and is fact-checked where appropriate. Learn more about why you can trust DayTrading.com