Brokers With NOK Accounts

Contributor Image
Written By
Contributor Image
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.
Contributor Image
Edited By
Contributor Image
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.
Updated

NOK trading accounts allow you to hold your funds in Norwegian krone. Particularly popular among active Norwegian traders, they help minimize the risk and cost of converting profits from foreign currencies back to NOK, while ensuring convenient trading transactions in a familiar currency.

See our selection of the best brokers with NOK accounts, thoroughly tested by our experts.

Best Brokers With NOK Accounts

Our evaluations have found that these are the top 5 trading platforms with NOK accounts:

Brokers With NOK Accounts Comparison

Brokers With NOK Accounts Comparison
Broker NOK Account Minimum Deposit Markets Regulator Visit
Trade Nation logo
$0 Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only) FCA, ASIC, FSCA, SCB, FSA Visit
Skilling logo
- Forex, CFDs, Stocks, Indices, Commodities and Cryptos CySEC Visit
CMC Markets logo
$0 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA Visit
Markets.com logo
$100 CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds, Spread Betting (UK Only) FCA, CySEC, ASIC, FSCA, FSC Visit
Interactive Brokers logo
$0 Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB Visit
Dukascopy logo
$100 Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options FINMA, FCMC, JFSA Visit
Revolut logo
$0 Stocks, Cryptos, Commodities - Visit
Expert Option logo
$10 Options, Stocks, Commodities, Forex, Crypto, Futures, SVGFSA Visit
Zacks Trade logo
$2500 Stocks, ETFs, Cryptos, Options, Bonds FINRA Visit

#1 - 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)

#2 - Skilling

Why We Chose Skilling

Skilling is a multi-asset broker founded in 2016 and based in Cyprus. The brand offers hundreds of day trading instruments with competitive spreads from 0.1 pips and beginner-friendly platforms. Skilling are also regulated in Europe and beyond with a transparent pricing structure. You can sign up and start trading in three easy steps.

"Skilling maintains its position as a top pick for beginners looking for a competitive zero commission account with direct access to a copy trading feature. It will also serve experienced strategy providers looking to earn commissions, or anyone looking to trade forex during extended hours."

- DayTrading Review Team
  • Instruments: Forex, CFDs, Stocks, Indices, Commodities and Cryptos
  • Regulator: CySEC
  • Platforms: Skilling Trader, MT4, cTrader, TradingView
  • Minimum Trade: 0.01 Lots

#3 - CMC Markets

Why We Chose CMC Markets

Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO. More than 1 million traders from around the world have signed up with the multi-award winning brokerage.

"With advanced charting tools and an extensive range of tradable CFDs, including an almost unrivalled selection of currencies and custom indices, CMC Markets provides a fantastic online platform for traders of all levels. "

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting
  • Regulator: FCA, ASIC, MAS, CIRO, BaFin, FMA, DFSA
  • Platforms: Web, MT4
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:500 (Pro)

#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

#5 - Interactive Brokers

Why We Chose 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.

"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

How Did We Choose The Best Brokers?

To find the best platforms with NOK accounts we:

  • Scoured our catalog of 500 online brokers and platforms
  • Prioritized all those that offer a trading account based in the Norwegian krone (NOK)
  • Rated them using 100+ data points and findings from our hands-on tests

What Is A NOK Account?

A NOK account is a trading account where the balance is denominated in Norwegian krone.

This means that your trades, transactions and account statements are held in NOK.

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

Opening a NOK account with Dukascopy
Dukascopy – NOK Account Registration

Do I Need A NOK Trading Account?

A NOK-based account may be suitable if:

  • You live in Norway and make money or save in NOK because it’s convenient holding an account in the same currency.
  • You want to trade NOK currency pairs such as USD/NOK and EUR/NOK because they may be subject to fewer associated charges such as conversions.
  • You actively trade Norwegian and Nordic stocks listed on the Nasdaq Nordic, meaning your transactions are faster and normally cheaper in NOK.

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

We took these easy three steps to check that all our recommended platforms offer a NOK account, and we suggest you do too:

  1. Go to the account options section on the broker’s website and locate the selection of available base currencies.
  2. Confirm that ‘NOK’ is available as a supported account currency in Norway.
  3. Open a live or demo account and choose NOK as your base currency.

Pros & Cons Of NOK Trading Accounts

Pros

  • We’ve found brokers with NOK accounts often provide access to local or regional markets for Norwegian traders. At Dukascopy, for example, you can trade popular Norwegian share CFDs such as Norsk Hydro, as well as currency pairs like EUR/NOK and USD/NOK.
  • Active traders dealing in NOK may enjoy reduced conversion fees in a NOK account. Otherwise, some brokers like IG charge up to 0.8% when transferring between NOK and another currency.
  • The Norwegian krone is often considered a ‘safe haven’ currency, thanks to key factors like the nation’s prominence in oil and gas production and diverse economy. This means traders can enjoy relative stability while helping to protect against volatile exchange rate fluctuations.

Cons

  • Despite its stable history, the Norwegian krone has faced difficulties in recent years – Reuters claims it was the worst-performing G10 currency in 2023 due to the struggling banking sector and concerns over Norway’s future in oil production. Such factors may cause volatility and threaten NOK trading balances.
  • NOK accounts are uncommon (accounting for less than 2% of the brokers we’ve personally tested) compared to major base currencies like USD and EUR, giving day traders limited choice when picking a platform.
  • You may still face conversion fees when trading assets that are denominated in a currency other than NOK. Skilling, for example, charges a 0.7% conversion on top of the trade’s realized profit.

FAQ

Which Is The Best Broker With A NOK Trading Account?

We’ve thoroughly tested the best trading platforms with NOK accounts. See our list to find a suitable option for you.

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

Many brokers will allow you to open an account with less than 250 USD (approximately 2,764 NOK) though our analysis have found many trading platforms offering lower.

Skilling, for example, only requires 100 USD – around 1,105 NOK. It’s also got one of the most intuitive trading platforms I’ve seen, limiting the learning curve for newer traders.

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