Brokers With SEK Accounts

The Swedish Krona (SEK) is one of Europe’s strongest currencies and is widely traded around the world. In recent years, a growing interest in forex trading has led to an increase in brokers offering a range of base currency accounts, including SEK accounts. This guide will take a look at some of the best brokers with SEK accounts available today. We also unpack the benefits and drawbacks of brokers with SEK accounts in addition to guidance on how to find the right account for you.

Brokers With SEK Accounts

These are the 4 best brokers that offer accounts with SEK as the base currency:

Brokers With SEK Accounts Comparison

Brokers With SEK Accounts Comparison
Broker Minimum Deposit Instruments Platforms Visit
Interactive Brokers logo
$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
IG logo
$0 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Visit
Revolut logo
$0 Stocks, Cryptos Own Visit
Zacks Trade logo
$2500 Stocks, ETFs, Cryptos, Options, Bonds Own Visit

#1 - 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, 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

  • 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.
  • 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.
  • With low commissions, tight spreads and a transparent fee structure, IBKR delivers a cost-effective environment for short-term traders.

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.
  • 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.

#2 - IG

Why We Chose 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.

"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 ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met
  • IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis
  • As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust

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
  • IG applies an inactivity fee of $12 per month after 2 years, deterring casual investors
  • Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests

#3 - Revolut

Why We Chose 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.

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

- DayTrading Review Team
  • Instruments: Stocks, Cryptos
  • Regulator: FINRA, SEC
  • Platforms: Own
  • Minimum Deposit: $0
  • Minimum Trade: $1

Pros

  • Send money to 200+ countries
  • No commissions or custody fees on stocks
  • Good range of account types with different perks and fees

Cons

  • No advanced trading platform
  • Relatively narrow product range
  • No margin trading

#4 - Zacks Trade

Why We Chose 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.

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

- DayTrading Review Team
  • Instruments: Stocks, ETFs, Cryptos, Options, Bonds
  • Regulator: FINRA
  • Platforms: Own
  • Minimum Deposit: $2500
  • Minimum Trade: $3

Pros

  • Customizable proprietary trading platform and mobile app
  • Regulated by FINRA with access to the Securities Investor Protection Corporation
  • Comprehensive research and data

Cons

  • Shortcomings regarding platform loading times and technical glitches
  • High minimum requirement of $2,500
  • No MT4 or MT5 platform integration

SEK Explained

The Swedish Krona (SEK), also known as ‘Stocky’ after the capital Stockholm, is the official currency of Sweden, one of the world’s leading economies. Despite its size, Sweden’s vast natural reserves and specialist economic sectors have cultivated a strong economy, positioning the SEK as an attractive trading proposition.

Its popularity is in part due to its relative stability and predictability. The country is, however, highly dependent on exports and is sensitive to price changes in its key exports, oil and natural gas, which is reflected in changes to the value of the SEK. Krona is most commonly traded alongside the Euro in the SEK/EUR, an exotic forex pair.

What Is A SEK Account?

Brokers with SEK accounts hold funds in Swedish Krona while a USD account will hold them in US Dollars. Put simply, the base currency of an account determines which fiat currency your money is held in.

The base currency is usually assigned during the account registration process and most brokers will not allow you to change the base currency once the account has been created. All account activity will be converted into the relevant base currency including profits, losses, deposits and fees.

Traders based in Sweden stand to gain the most from a SEK-based account but international traders with investment activity in Sweden may also benefit.

Pros Of Brokers With SEK Accounts

There are several benefits to brokers with SEK accounts:

How To Check A Broker Offers A SEK Account

Finding the right broker is important and not every broker offers a SEK account. To find out whether they do, head to the deposits and withdrawals page on the broker’s website where you should find a list of the account options available. If it’s still unclear, try contacting the broker’s customer support team for more information.

How To Compare Brokers With SEK Accounts

Not all SEK accounts are created equal. Trading conditions, instruments and tools vary between providers. Whilst it can feel overwhelming, there are a few key things to look out for to help you find the right account for your needs:

Top brokers with SEK accounts

Brokers with SEK accounts won’t make sense for every trader. However, for those based in Sweden or those who have regular use for Swedish Krona, they could be a big time-saver as well as providing economic benefit through waived conversion fees.

Final Word On Brokers With SEK Accounts

Brokers with SEK accounts have a lot to offer, especially for investors based in Sweden. Transactions can be processed quickly and there are fewer associated transfer fees.

As interest in forex trading continues to soar, the number of brokers with SEK accounts is likely to continue increasing, giving more choice to traders. See our list of the top SEK-based trading accounts to get started.

FAQ

What Is A SEK Trading Account?

Brokers with SEK accounts hold client funds in Krona. There are a number of benefits to holding funds in the currency you wish to withdraw them in – transactions tend to be faster, safer and more convenient.

How Can I Open A SEK Account?

Firstly, you’ll need to find brokers with SEK accounts. Not all providers offer them but there are some good options available. Once you have chosen one, you’ll need to complete the account registration process. This may vary somewhat but it’s generally straightforward. Once complete, you can start trading.

Why Should I Open A SEK Account?

If you are a citizen of Sweden or an international trader with high volumes of activity relating to SEK, there could be benefits to opening a SEK trading account. Brokers with SEK accounts tend to offer increased fund safety plus hassle-free deposits and withdrawals.

How Can I Find Brokers That Accept SEK?

If you’re looking for brokers with SEK accounts, there is a wealth of resources available to help guide you. Forums are a great place to start and we’ve listed our top picks here.

What Are the Drawbacks To Brokers With SEK Accounts?

For traders that don’t wish to withdraw or deposit funds in Swedish Krona, brokers with SEK accounts have little to offer. Given that the currency is less widely used, there is a limited number of providers available and there may be currency conversion fees if you want to deposit in USD, for example.