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
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How Did We Choose The Best Brokers?
To find the best trading platforms that offer DKK accounts we:
- Searched our directory of 143 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:
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:
- Head to the ‘account types’ page on the broker’s website to find the available base currencies.
- Verify that DKK is listed as a supported currency in Denmark, Greenland or Faroe Islands.
- 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.
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