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 5 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
Trade Nation logo
$0 Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only) MT4 Visit
IG logo
$0 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral Visit
CMC Markets logo
$0 CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting Web, MT4 Visit
Easy Markets logo
€100 CFDs, Forex, Stocks, Cryptos, Commodities MT4, MT5, TradingView Visit
Skilling logo
- Forex, CFDs, Stocks, Indices, Commodities and Cryptos Skilling Trader, MT4, cTrader, TradingView Visit
Markets.com logo
$100 CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds, Spread Betting (UK Only) Markets.com Web/App Platform, MT4, MT5 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
BDSwiss logo
$10 CFDs, Forex, Stocks, Indices, Commodities, Crypto BDSwiss Webtrader, MT4, MT5 Visit
Dukascopy logo
$100 Forex, CFDs, indices, shares, commodities, metals, cryptocurrencies, bonds, binary options MT4, AlgoTrader Visit
Revolut logo
$0 Stocks, Cryptos, Commodities Own Visit
Swissquote logo
$1000 Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent) MT4, MT5, AutoChartist, TradingCentral Visit
Admiral Markets logo
$100 Forex, CFDs, indices, shares, commodities, cryptocurrencies, ETFs, bonds, spread betting MT4, MT5, TradingCentral Visit
Saxo Bank logo
- Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs TradingView Visit
Expert Option logo
$10 Options, Stocks, Commodities, Forex, Crypto, Futures, Expert Option Web Platform Visit
Zacks Trade logo
$2500 Stocks, ETFs, Cryptos, Options, Bonds Own 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 - IG

Why We Chose IG

Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand 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, FINMA
  • Platforms: Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral
  • Minimum Deposit: $0
  • Minimum Trade: 0.01 Lots
  • Leverage: 1:30 (Retail), 1:250 (Pro)

#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 - Easy Markets

Why We Chose Easy Markets

Founded in 2001, easyMarkets is a multi-regulated forex broker offering leveraged trading opportunities on forex, stocks, indices, commodities and crypto. With fixed spreads, an affordable initial deposit, regulation from several reputable bodies and a diverse selection of account currencies, this broker provides simple and straightforward trading solutions to a diverse range of traders.

"Casual traders who want a secure and straightforward trading environment will find a good broker in easyMarkets. The fixed spreads and upfront fees will also appeal to newer traders and cost-conscious investors."

- DayTrading Review Team
  • Instruments: CFDs, Forex, Stocks, Cryptos, Commodities
  • Regulator: CySec, ASIC, BVI, FSCA
  • Platforms: MT4, MT5, TradingView
  • Minimum Deposit: €100
  • Minimum Trade: Variable
  • Leverage: 1:30

#5 - 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

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.