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 6 best brokers that offer accounts with SEK as the base currency:
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- Demo account
- Regulator: FCA, ASIC, CMVM , FSCA, SCB, FSA
- Platforms: TN Trader, MT4, TradingView
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- Demo account
- Regulator: ASIC, CySEC, FSCA, BVI FSC
- Platforms: Web Platform, MT4, MT5, TradingCentral
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- Demo account
- Min. deposit: $0
- Min. trade: 0.01 Lots
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- Demo account
- Regulator: CySEC
- Min. deposit: $100
49% of retail investor accounts lose money when trading CFDs with this provider. -
- Demo account
- Regulator: FCA, BVIFSC
- Platforms: MT4
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- Demo account
- Regulator: FCA, ASIC, CySEC, SCA, SCB, CMA-Kenya
- Platforms: Web Platform, MT4, TradingView
Learn how we test brokers and why you can trust our ratings.
Here is a short overview of each broker's pros and cons
- Trade Nation 4.4/5 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 4.4/5 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.
- IG 4.8/5 Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers a top-tier 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.
- Skilling 3.4/5 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.
- FXGiants 3.0/5 FXGiants is a global CFD broker with FCA regulation and hundreds of products available with STP or ECN execution. We like that the broker boasts several useful features, supporting always-on, ultra-fast automation via its dedicated fibre-optic VPS.
- Capital.com 4.0/5 Established in 2016, Capital.com initially focused on CFDs across forex, indices, stocks, commodities, and crypto, aimed squarely at active traders. Over the years it has added more instruments, obtained multiple regulatory licenses, improved its charting tools, and introduced an 1X account that lets you trade without using margin (borrowed funds), now catering to a diverse mix of traders worldwide.
Brokers With SEK Accounts Comparison
| Broker | Minimum Deposit | Instruments | Platforms |
|---|---|---|---|
| Trade Nation | $0 | CFDs, Forex, Indices, Shares, Commodities, Futures, Bonds, Spread Betting (UK and Ireland only), Cryptos (Bahamas entity only) | TN Trader, MT4, TradingView |
| Markets.com | $200 | CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds | Web Platform, MT4, MT5, TradingCentral |
| IG | $0 | CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only) | Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime |
| Skilling | $100 | Forex, CFDs, Stocks, Indices, Commodities and Cryptos | Skilling Trader, MT4, MT5, cTrader, TradingView |
| FXGiants | $100 | Forex, CFDs, indices, shares, commodities, futures | MT4 |
| Capital.com | $20 | CFDs on Forex, Stocks, Indices, Commodities, ETFs, Crypto | Web Platform, MT4, TradingView |
Community Sentiment
See how users rate these brokers based on the average customer ratings submitted on DayTrading.com, plus ratings from Trustpilot, the Apple App Store and Google Play.
| Broker | Our Users' Rating | Trustpilot Score | Trustpilot Reviews | iOS App Rating | Android App Rating |
|---|---|---|---|---|---|
| Trade Nation | 2147 | ||||
| Markets.com | 1257 | ||||
| IG | 10134 | ||||
| Skilling | 445 | ||||
| FXGiants | - | 151 | |||
| Capital.com | 15186 |
Trade Nation
Trade Nation suits discretionary traders who want to speculate on major indices like the US 500 or liquid FX pairs, and want the predictable all-in costs of fixed spreads. In tests, we found the fixed-spread TN Trader environment particularly useful for trading around scheduled economic releases owing to its reliable charting environment and because published spreads stayed capped.
Christian Harris, Reviewer
Trade Nation quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Indices, Shares, Commodities, Futures, Bonds, Spread Betting (UK and Ireland only), Cryptos (Bahamas entity only)
- Regulator
- FCA, ASIC, CMVM , FSCA, SCB, FSA
- Platforms
- TN Trader, MT4, TradingView
- Minimum Deposit
- $0
- Minimum Trade
- 0.1 Lots
- Account Currencies
- USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK
Pros
- Trade Nation accounts can now be linked with TradingView, providing advanced multi-charts and the ability to execute trades directly.
- In testing of the TN Trader account under normal market conditions, fixed spreads held while fills were prompt on major forex pairs, with a slight drift in the entry level as price ticked between click and fill.
- The demo comes with a $5,000 practice account and you can request a one-on-one platform walkthrough by callback - this level of personal help is rare.
Cons
- There is no raw or ECN pricing tier, which are often prefered by day traders. No matter how much you deposit or trade, you use the same fixed (or variable on MT4) pricing as beginners, making it unsuitable for scalpers especially.
- Withdrawals can take up to five business days, which is around the industry average but slower than the 1-3 days we’re increasingly seeing brokers offer in an attempt to quash withdrawal complaints from retail investors.
- The 2–20% rebate scheme is closed to FCA, CMVM, and ASIC clients, meaning active day traders in these regions who would benefit from transaction rebates cannot claim them.
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.
Christian Harris, Reviewer
Markets.com quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs, Forex, Stocks, Commodities, Indices, Crypto, ETFs, Bonds
- Regulator
- ASIC, CySEC, FSCA, BVI FSC
- Platforms
- Web Platform, MT4, MT5, TradingCentral
- Minimum Deposit
- $200
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK, CHF, PLN, CZK
Pros
- Switching between the proprietary web platform (great for alerts and quick analysis) and MT5 (strong for algorithmic EAs) was smooth in our tests; positions synced across desktop, web, and mobile without gaps or re-quotes.
- 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
- The proprietary web platform felt a bit basic once we pushed into advanced charting with fewer drawing/indicator options than full TradingView or MetaTrader.
- While CySEC and FSCA oversight is solid, the SVGFSA and BVIFSC entities offers 1:500 leverage under a light-touch framework, meaning protections like compensation schemes and strict conduct rules lag behind the strictest regulatory standards.
- During sign-up, we hit unclear account type explanations and got stuck in an email verification loop that locked us out for an hour - way less streamlined than other brokers we’ve tested.
IG
IG continues to provide a comprehensive package with an intuitive web platform, best-in-class education for beginners, advanced charting tools bolstered by its recent TradingView integration, real-time data, and robust trade execution for experienced day traders.
Christian Harris, Reviewer
IG quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only)
- Regulator
- CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA
- Platforms
- Web, L2 Dealer, MT4, TradingView, AutoChartist, TradingCentral, ProRealTime
- Minimum Deposit
- $0
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, ZAR, SEK, DKK, CHF, HKD, SGD
Pros
- The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met.
- The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading, while IG has also added TradingView integration.
- IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, plus added US-listed futures and options as well as an AI Index, providing diversification opportunities.
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 has discontinued its swap-free account, reducing its appeal to Islamic traders.
- IG applies an inactivity fee of $12-$18 per month after 2 years, deterring casual investors.
Skilling
Skilling maintains its position as a top pick for budding traders 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 active traders looking to deal forex.
Christian Harris, Reviewer
Skilling quick facts
- Demo Account
- ✔Yes
- Instruments
- Forex, CFDs, Stocks, Indices, Commodities and Cryptos
- Regulator
- CySEC
- Platforms
- Skilling Trader, MT4, MT5, cTrader, TradingView
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, SEK, NOK
Pros
- Beyond major forex pairs, Skilling’s spreads are often lower than those of larger, more prominent brokers. While not always the lowest, traders focused on raw pricing can find competitive value without needing a full ECN setup
- The Skilling Trader platform maintains a focused design, offering charts, order placement, and risk controls without unnecessary features or promotional content. For systematic traders or those who prefer a streamlined execution environment, this simplicity is an advantage
- Skilling offers five trading platforms: Skilling Trader, cTrader, MT4, MT5, and TradingView, each with distinct strengths. MT4 and MT5 supports EA-based strategies, cTrader excels in order management, Skilling Trader offers straightforward web execution, and TradingView specializes in advanced charting. This range provides valuable flexibility for traders
Cons
- Skilling’s educational and research resources are limited to a basic economic calendar, brief market commentary, some lessons, and occasional news headlines, plus the newer AI-powered Skilling Trade Assistant. There aren't comprehensive and structured learning paths
- Skilling depends on TradingView for advanced analytics and does not provide its own platform for Trading Central, Autochartist, or instrument-specific news feeds. This may be sufficient for traders with independent research tools, but it is less comprehensive than brokers offering integrated in-platform content
FXGiants
FXGiants is best suited to retail investors looking to trade a wide range of stocks with STP/ECN execution and the charts and algo trading tools of MT4.
William Berg, Reviewer
FXGiants quick facts
- Demo Account
- ✔Yes
- Instruments
- Forex, CFDs, indices, shares, commodities, futures
- Regulator
- FCA, BVIFSC
- Platforms
- MT4
- Minimum Deposit
- $100
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, SEK, CHF, PLN, CZK
Pros
- Users can launch MetaTrader 4, PAMM management systems, automation developers and private servers
- Zero spreads on some account types cater to day traders
- FXGiants caters to all client types with both STP and ECN account choices and several hundred investment products
Cons
- Beyond automation functions, FXGiants does not offer many additional features to maximize the client experience
- FXGiants is part of the same corporate structure as IronFX - a broker that's faced withdrawal and other complaints
- Traders seeking cryptocurrencies will need to look to other brokers
Capital.com
Capital.com is a great match for day traders with its thousands of CFDs, SmartFeed providing tailored market updates, and TradingView charts for advanced technical indicators paired with Capital.com’s fast and reliable order execution.
Christian Harris, Reviewer
Capital.com quick facts
- Demo Account
- ✔Yes
- Instruments
- CFDs on Forex, Stocks, Indices, Commodities, ETFs, Crypto
- Regulator
- FCA, ASIC, CySEC, SCA, SCB, CMA-Kenya
- Platforms
- Web Platform, MT4, TradingView
- Minimum Deposit
- $20
- Minimum Trade
- 0.01 Lots
- Account Currencies
- USD, EUR, GBP, AUD, SEK, NOK, DKK, CHF, HKD, PLN, CZK, AED, HUF, MXN
Pros
- Traders who prefer robust charting can connect their Capital.com account directly to TradingView. This lets you use TradingView’s advanced tools and community ideas alongside Capital.com’s execution, blending a popular charting platform with a regulated broker’s access.
- The Capital.com app performed excellently during testing, with smooth orders, trade management and alerts, while it sits among the highest rated trading apps on the App Store for iOS users.
- Capital.com’s SmartFeed curates news and market updates tailored to your watchlist and trading style. This proactive feature helps day traders stay on top of relevant events without feeling overwhelmed by generic market noise.
Cons
- While Capital.com supports MT4, it lacks MT5 integration, limiting access to advanced trading features, including additional timeframes, indicators, and order types.
- Capital.com offers primarily a standard CFD account and a professional account (subject eligibility) with higher leverage, but it lacks ECN/raw spread accounts or tiered pricing, which can limit trading flexibility for high-volume scalpers.
- The broker’s research resources focus on educational content and in-house analysis but do not currently include third-party tools such as Trading Central, Autochartist, sentiment indicators, and professional-level screeners that some top competitors offer.
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:
- Fees – SEK-based accounts should not charge conversion fees for deposits or withdrawals in Krona.
- Speed – the account funding and withdrawal processes can be much quicker given that transactions made with local banks can be processed quickly.
- Regulation – brokers with SEK accounts are more likely to be regulated by trusted bodies like the CySEC. The CySEC provides an additional layer of security to retail traders through anti-fraud and compliance policies. We recommend that you always trade with regulated brokers to protect yourself against scams and other fraudulent activity.
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:
- Platforms – whether you’re an MT4-enthusiast or you’re looking to execute a specific strategy, ensure that you have a grasp of the features on the platform offered. Demo accounts are a great way to do this risk-free. Most demo accounts are free to access and accurately reflect the trading conditions of a live account.
- Fees – ensure that deposits, withdrawals and processing fees are competitive. Additional fees may apply to transactions processed by a third-party, so always read the small print.
- Assets – the suite of assets available to trade will vary according to the broker so make sure that access to your chosen market is facilitated. Investors looking to trade niche instruments may find that there are fewer options though many brokers are broadening their remit.
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.