Brokers With NOK Accounts
Written By
Jemma Grist
Written By
Jemma Grist
Edited By
James Barra
Edited By
James Barra
Updated
Oct 6, 2025
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 6 trading platforms with NOK accounts:
Here is a short overview of each broker's pros and cons
- 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.
- Crypto.com - Crypto.com is one of the biggest names in cryptocurrency trading, developed with the aim to expedite the world's transition to DeFi technologies. The crypto exchange offers token lending, pre-paid cards, NFTs and more. The firm was established in Germany in 2016 and its quality is proven by its 150 million users.
- Dukascopy - Established in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage providing short-term trading opportunities on 1,200+ instruments, including binaries. A choice of accounts (JForex, MT4/5, Binary Options) and sophisticated platforms (JForex, MT4/MT5) deliver powerful tools and market data for active traders.
- 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.
- 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.
- Markets.com - Established in 2008, Markets.com is a long-standing, multi-regulated broker with oversight from the CySEC and FSCA. It offers unique features to track hedge fund moves and insider trades, while providing stock signals to alert traders to market opportunities. Its choice of accounts (Classic to Professional) caters to all levels of active trader. 72.3% of retail accounts lose money.
Brokers With NOK Accounts Comparison
| Broker | NOK Account | Minimum Deposit | Markets | Regulator |
|---|---|---|---|---|
| Interactive Brokers | ✔ | $0 | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM |
| Crypto.com | ✔ | $0 | Crypto, Stocks, ETFs | SEC, FCA, MAS, AMF, CySEC, CBI, ASIC, FINTRAC, CIMA, VARA, OAM, HCMC |
| Dukascopy | ✔ | $100 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options | FINMA, JFSA, FCMC |
| Zacks Trade | ✔ | $2500 | Stocks, ETFs, Cryptos, Options, Bonds | FINRA |
| Trade Nation | ✔ | $0 | Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Spread Betting, Cryptos (Bahamas Entity Only) | FCA, ASIC, FSCA, SCB, FSA |
| Markets.com | ✔ | $200 | CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds | CySEC, FSCA, SVGFSA |
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 Account | Yes |
|---|---|
| Instruments | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies |
| Regulator | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM |
| Platforms | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower |
| Minimum Deposit | $0 |
| Minimum Trade | $100 |
| Leverage | 1:50 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF |
Pros
- Interactive Brokers has been named Best US Broker for 2025 by DayTrading.com, recognizing its long-standing commitment to US traders, ultra-low margin rates, and global market access at minimal cost.
- With low commissions, tight spreads and a transparent fee structure, IBKR delivers a cost-effective environment for short-term traders.
- 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.
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.
- 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.
Crypto.com
"Crypto.com is a snug fit for aspiring crypto traders who want to buy, sell and trade over 400 digital tokens. The interest paid on idle funds and intuitive staking opportunities also provide passive investing opportunities."
Crypto.com Quick Facts
| Demo Account | No |
|---|---|
| Instruments | Crypto, Stocks, ETFs |
| Regulator | SEC, FCA, MAS, AMF, CySEC, CBI, ASIC, FINTRAC, CIMA, VARA, OAM, HCMC |
| Platforms | Own |
| Minimum Deposit | $0 |
| Minimum Trade | 0.0003 BTC |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, PLN, CZK, AED, SAR, HUF, BRL, KES |
Pros
- Crypto.com uses a cold wallet solution that integrates multi-signature technology and geographic distribution to enhance security. This approach ensures robust protection of user assets with highly secure offline storage.
- The platform supports unified portfolio tracking across cryptocurrencies, stocks, ETFs, and more recently prediction markets, all within a single interface, simplifying asset management for multi-asset traders and providing consolidated insights.
- The Crypto.com Exchange platform offers sophisticated bots, including Dollar Cost Averaging (DCA), Time-Weighted Average Price (TWAP), and Grid Trading bots. These tools allow traders to automate strategies, including leveraged perpetual trades, minimizing manual effort and slippage.
Cons
- Customer support primarily relies on chatbots and email, with limited reliable phone support from our testing. This can lead to delays in resolving urgent issues, such as account access or transaction problems, which can be frustrating for crypto day traders who need quick assistance.
- Withdrawal fees apply to crypto transfers and fiat withdrawals, and these can be significant for active traders making smaller transfers. The minimum withdrawal limits are also relatively high, which restricts flexibility for managing smaller portfolios or quick liquidity needs.
- The app's high bid-ask spreads on many coins can be costly for traders placing market orders. Wide spreads mean the price you pay when buying is noticeably higher than the price you receive when selling, cutting into profits, especially on lower-volume trades.
Dukascopy
"Dukascopy suits binary traders seeking the peace of mind of using a well-known brokerage whose banking services are regulated by FINMA in Switzerland, with legitimacy and credibility that’s a step up from most offshore firms. Dukascopy is particularly good for experienced binary traders, especially those seeking automation through chained option contracts. "
Dukascopy Quick Facts
| Bonus Offer | 10% Equity Bonus |
|---|---|
| Demo Account | Yes |
| Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options |
| Regulator | FINMA, JFSA, FCMC |
| Platforms | JForex, MT4, MT5 |
| Minimum Deposit | $100 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:200 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, PLN, CZK, AED, SAR, HUF, MXN |
Pros
- Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) as both a broker and a bank, ensuring top-tier financial security and adherence to strict standards.
- Dukascopy offers tight spreads starting from 0.1 pips, leverage up to 1:200 (depending on the jurisdiction), and volume-based commissions that reward high-frequency traders.
- The proprietary JForex platform is highly advanced, offering tools for algorithmic trading, extensive charting, and access to deep liquidity for short-term traders.
Cons
- While Dukascopy provides some educational resources and 24/7 support, the complexity of its platforms and tools required extensive testing and may overwhelm newer traders.
- While JForex is feature-rich, it has a steep learning curve, making it less suitable for beginner traders who might prefer simpler platforms.
- Dukascopy's withdrawal fees are higher than most competitors we’ve tested, particularly for bank wire transfers, which may deter traders who require frequent access to their funds.
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 Account | Yes |
|---|---|
| Instruments | Stocks, ETFs, Cryptos, Options, Bonds |
| Regulator | FINRA |
| Platforms | Own |
| Minimum Deposit | $2500 |
| Minimum Trade | $3 |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, HUF |
Pros
- Regulated by FINRA with access to the Securities Investor Protection Corporation
- Demo account
- Comprehensive research and data
Cons
- Shortcomings regarding platform loading times and technical glitches
- No MT4 or MT5 platform integration
- High minimum requirement of $2,500
Trade Nation
"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."
William Berg, Reviewer
Trade Nation Quick Facts
| Bonus Offer | 200 Sign-Up Reward Points |
|---|---|
| Demo Account | Yes |
| Instruments | Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Spread Betting, 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) |
| Account Currencies | USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK |
Pros
- Multiple account currencies are accepted for global traders
- Full range of investments via leveraged CFDs for long and short opportunities
- The trading firm offers tight spreads and a transparent pricing schedule
Cons
- Fewer legal protections with offshore entity
Markets.com
"Markets.com is best suited to retail investors who trade frequently but don’t want to calculate commissions, thanks to its spread-only pricing (EUR/USD around 1.3 pips). It especially appeals to short-term traders who value fast execution, flexible asset choice spanning 2,200+ instruments and proprietary tools like hedge fund confidence indices and insider trade alerts."
Markets.com Quick Facts
| Demo Account | Yes |
|---|---|
| Instruments | CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds |
| Regulator | CySEC, FSCA, SVGFSA |
| Platforms | Web Platform, MT4, MT5, TradingCentral |
| Minimum Deposit | $200 |
| Minimum Trade | 0.01 Lots |
| Leverage | 1:500 |
| Account Currencies | USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK, CHF, PLN, CZK |
Pros
- Markets.com’s Hedge Fund Confidence and Insider Trading tools pulls SEC filings into the dashboard within 24 hours of disclosure, helping to spot fund moves and C-suite buys before most retail newsfeeds updated.
- Within the 2,200+ CFDs, Markets.com offers thematic baskets like the Warren Buffett Blend and Cannabis Blend, which behaved like ready-made mini-ETFs during testing, saving the work of balancing weights manually.
- Markets.com provides commission-free trading on most assets with spreads starting from around 0.6 pips on major forex pairs, making it cost-effective for casual traders.
Cons
- While CySEC and FSCA oversight is solid, the SVGFSA entity offers 1:500 leverage under a light-touch framework, meaning protections like compensation schemes and strict conduct rules lag behind the strictest regulatory standards.
- Inactivity charges kick in after just 3 months, while variable spreads are wider than top ECN brokers during testing, which may deter day traders and high-frequency traders.
- The proprietary web platform felt a bit basic once we pushed into advanced charting with fewer drawing/indicator options than full TradingView or MetaTrader.
How Did We Choose The Best Brokers?
To find the best platforms with NOK accounts we:
- Scoured our catalog of 229 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:
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:
- Go to the account options section on the broker’s website and locate the selection of available base currencies.
- Confirm that ‘NOK’ is available as a supported account currency in Norway.
- 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
- Nasdaq Nordic Indexes
- Norsk Hydro (NHY) - Euronext
- Norwegian Krone Worst-Performing G10 Currency, 2023 - Reuters
- Stable History of the Norwegian Krone - Faster Capital
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