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Best Day Trading Platforms and Brokers in Denmark 2024

Written By

Jemma Grist

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.

» Jemma Grist Profile Page

Fact Checked By

James Barra

Fact Checked 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.

» James Barra Profile Page

Updated

Mar 20, 2024

The best day trading platforms in Denmark offer powerful charting platforms, low pricing, and supervision from reputable regulators, such as the Danish Financial Supervisory Authority. Many leading brokers also offer access to regional markets such as the Nasdaq Copenhagen and USD/DKK.

Utilizing the expertise of our team, we’ve uncovered the best brokers for day trading in Denmark.

Top 5 Platforms For Day Trading In Denmark

Following our in-depth tests of over 490 platforms, these 5 brokers stand out as the best for day trading in Denmark:

1. Skilling - 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.
2. AvaTrade - AvaTrade offers the full package for short-term traders. There is powerful charting software, reliable execution, transparent fees, and fast account opening with a low minimum deposit.
3. Deriv.com - Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock.
4. Pepperstone - Pepperstone stands out as a top choice for day trading, offering razor-sharp spreads, ultra-fast execution, and advanced charting platforms for experienced traders. New traders are also welcomed with no minimum deposit, extensive educational resources, and exceptional 24/7 support.
5. XM - XM is one of the best forex and CFD brokers we have tested. The flexible account types will suit a variety of short-term trading styles while the $5 minimum deposit and smooth sign-up process make it easy to start trading.

Best Day Trading Platforms and Brokers in Denmark 2024 Comparison

Best Day Trading Platforms and Brokers in Denmark 2024 Comparison

Broker	Minimum Deposit	Markets	Platforms	Leverage	Visit
	$100	Forex, CFDs, Stocks, Indices, Commodities and Cryptos	Skilling Trader, MT4, cTrader, TradingView	1:30 (Retail) 1:200 (Pro)	Visit
	$100	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting	WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade	1:30 (Retail) 1:400 (Pro)	Visit
	$5	CFDs, Multipliers, Forex, Stocks, Indices, Commodities	Deriv Trader, MT5	1:1000	Visit
	$0	CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting	MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade	1:30 (Retail), 1:500 (Pro)	Visit
	$5	Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures	MT4, MT5	1:30	Visit
	$100	CFDs, Forex, Stocks, Indices, Commodities, Crypto	MT4, MT5, TradingView	1:30	Visit
	$50	CFDs, Forex, Indices, Commodities	MT4, MT5	1:30	Visit
	$100	CFDs, Forex, Indices, Commodities, Stocks, Crypto	MT4, MT5	1:500	Visit
	$100	Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto	MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral	1:200 (Retail), 1:500 (Pro)	Visit
	$50	CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs	eToro Web, CopyTrader, TradingCentral	1:30	Visit
	$10	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures	R StocksTrader, MT4, MT5, TradingView	1:2000	Visit
	€200	CFDs on Stocks, Indices, Commodities, Forex, Cryptocurrencies, US Synthetic Shares & ETFs, Shares Baskets	MT4, MT5	1:30 (Retail), 1:500 (Pro)	Visit
	$20	Forex, CFDs, Stocks, Indices, Commodities, Crypto	MT4	1:1000	Visit
	$0	Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Cryptos (Bahamas Entity Only)	MT4	1:500 (entity dependent)	Visit
	$0	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting	Web, ProRealTime, L2 Dealer, MT4, AutoChartist, TradingCentral	1:30 (Retail), 1:222 (Pro)	Visit

#1 - Skilling

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Review

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.

• Instruments: Forex, CFDs, Stocks, Indices, Commodities and Cryptos
• Regulator: CySEC
• Platforms: Skilling Trader, MT4, cTrader, TradingView
• Minimum Deposit: $100
• Minimum Trade: 0.01 Lots
• Leverage: 1:30 (Retail) 1:200 (Pro)

Pros

• The broker offers smooth account funding with a good range of payment methods with zero deposit fees
• The €100 deposit and zero commissions in the Standard account are accessible for beginners
• Excellent third-party charting platforms are available for serious day traders, with dozens of technical indicators and advanced order types

Cons

• You can only access shares in the Skilling Trader platform and fewer instruments are available overall in the MT4 accounts
• Skilling trails alternatives like IG when it comes to research tools that can help day traders make informed decisions

Visit Skilling

#2 - AvaTrade

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Review

Why We Chose AvaTrade

AvaTrade is a leading forex and CFD broker, established in 2006 and regulated across 9 jurisdictions. Over 400,000 users have signed up with the broker which processes over 2 million trades each month. The firm offers multiple trading platforms, including MT4, MT5, and a proprietary WebTrader. 1250+ financial instruments are available for day trading, alongside a comprehensive education center and multilingual customer support.

• Instruments: CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting
• Regulator: ASIC, CySEC, FSCA, ISA, CBol, FSA, FSRA, BVI, ADGM
• Platforms: WebTrader, AvaTradeGO, AvaOptions, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade
• Minimum Deposit: $100
• Minimum Trade: 0.01 Lots
• Leverage: 1:30 (Retail) 1:400 (Pro)

Pros

• There's a great range of fee-free deposit methods, including bank wire, credit cards and popular e-wallets like Skrill
• The broker’s unique risk management tool, AvaProtect, protects against losses up to $1 million and is easy to activate in the platform
• The broker offers reliable 24/5 multilingual customer support with fast response times during testing

Cons

• There is no ECN account with raw spreads
• Traders from the US are not accepted
• There’s an above-average $50 inactivity fee after three months, though this won't impact active day traders

Visit AvaTrade

#3 - Deriv.com

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Review

Why We Chose Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

• Instruments: CFDs, Multipliers, Forex, Stocks, Indices, Commodities
• Regulator: MFSA, LFSA, VFSC, BFSC
• Platforms: Deriv Trader, MT5
• Minimum Deposit: $5
• Minimum Trade: 0.01 Lots
• Leverage: 1:1000

Pros

• Beginners and experienced day traders can access a good range of 20+ technical indicators in Deriv Trader vs 30+ in MT5
• There's a good range of fast deposit and withdrawal methods with zero payment fees and low minimum deposits
• Traders can use multipliers between 1 and 30, with take profit, stop loss and deal cancellation parameters

Cons

• The range of 100+ assets trails some competitors such as Quotex which offers 400+
• There are limited copy trading tools and analysis features compared to alternatives like IQ Cent
• There's no loyalty program or rebate scheme for high volume traders

Visit Deriv.com

#4 - Pepperstone

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Review

Why We Chose Pepperstone

Established in Australia in 2010, Pepperstone is a top-rated forex and CFD broker with over 400,000 clients worldwide. It offers access to 1,300+ instruments on leading platforms MT4, MT5, cTrader and TradingView, maintaining low, transparent fees. Pepperstone is also regulated by trusted authorities like the FCA, ASIC, and CySEC, ensuring a secure environment for day traders at all levels.

• Instruments: CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting
• Regulator: FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB
• Platforms: MT4, MT5, cTrader, TradingView, AutoChartist, DupliTrade
• Minimum Deposit: $0
• Minimum Trade: 0.01 Lots
• Leverage: 1:30 (Retail), 1:500 (Pro)

Pros

• Award-winning customer support is available via telephone, email or live chat with response times of <5 minutes during testing.
• Now offering spread betting through TradingView, Pepperstone provides a seamless, tax-efficient trading experience with advanced analysis tools.
• There’s support for a range of industry-leading charting platforms including MT4, MT5, TradingView, and cTrader, catering to various short-term trading styles, including algo trading.

Cons

• Pepperstone does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets.
• Despite enhancements to its range of markets, crypto offerings are relatively limited compared to other brokers such as eToro, with no option to invest in real coins.
• Pepperstone’s demo accounts are active for only 30 days, which may not be not long enough to familiarize yourself with the different platforms and test trading strategies.

Visit Pepperstone

#5 - XM

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Review

Why We Chose XM

XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted broker has been known for its low fees on 1000+ instruments. XM is regulated by multiple financial bodies, including the ASIC and CySEC.

• Instruments: Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures
• Regulator: ASIC, CySEC, DFSA, FSC, FSCA
• Platforms: MT4, MT5
• Minimum Deposit: $5
• Minimum Trade: 0.01 Lots
• Leverage: 1:30

Pros

• Accessible trading accounts with a $5 minimum deposit and fast account opening
• XM is a hugely respected broker authorized by tier-one regulators
• The broker offers premium research including market sentiment, fundamental insights and strategy builders

Cons

• There's $5 inactivity fee after only 3 months, though this won't affect active traders
• PayPal deposits are not supported
• There is weak regulatory oversight through the global entity

Visit XM

Choosing A Day Trading Broker In Denmark

To find the best day trading platforms in Denmark, we drew on our years of industry experience to prioritize the factors most important for short-term traders:

Trust Rating

Our rigorous review process always involves verifying each broker’s regulatory status and track record, to ensure that they can be trusted.

For Danish investors, the authority responsible for overseeing day trading is the Finanstilsynet, also known as the Danish Financial Supervisory Authority. However, Danish traders can also be protected through other regulators who operate under the European Union’s passporting scheme.

These authorities help ensure that traders are protected from scams, while enforcing important measures such as negative balance protection – a critical safeguard that can stop you from losing more than your balance while day trading on margin.

Market Coverage

The best day trading brokers in Denmark provide access to popular markets such as the Nasdaq Copenhagen, the OMX Copenhagen 25 Index, and popular currency pairs such as USD/DKK.

We also look out for brokers that allow you to diversify your portfolio across a range of asset classes, such as forex, stocks, indices and commodities.

These are typically tradable via contracts for difference (CFDs), which allow you to speculate on short-term price movements without owning the underlying asset.

Leverage Trading

Leverage allows you to multiply your purchasing power using a small outlay (known as margin), and it plays a pivotal role in many day trading strategies.

For example, leverage of 1:10 on the USD/DKK pair would allow me to trade with a total position value of 10x my balance.

Our evaluations prioritize brokers with transparent leverage and margin requirements so you know how much you need to put down and maintain to keep positions open.

Importantly, brokers regulated by top-tier European authorities typically cap leverage at 1:30 for retail investors.

While 1:30 is deemed a safer limit for day traders, I still strongly urge short-term traders at all levels to prioritize risk management.

Jemma Grist

Author

Day Trading Fees

Low fees are a priority for active day traders who need to keep costs down while executing a large volume of trades on Danish stocks, for example.

We routinely utilize real money and demo accounts to verify spreads on popular markets, such as USD/DKK, at the most liquid times of the day.

We also look for any trading commissions, alongside non-trading fees such as deposit charges if transferring Danish Krone to a trading account based in another currency.

In some cases, brokers may deliver extra features in return for higher costs, for example, insights into decisions from the Danmarks Nationalbank which may affect stock prices, and we always assess whether these fees are justified against the quality provided.

Charting Platforms

We only recommend brokers that deliver powerful and user-friendly platforms and tools for day traders.

Our extensive testing on these terminals prioritizes a range of factors, including usability, charting tools and extra features such as algo trading.

MetaTrader 4 (MT4) and MetaTrader 5 (MT5) remain the most widely used terminals in the day trading industry.

That said, it’s refreshing to see brokers offering more modernized and user-friendly options such as cTrader and TradingView, alongside their own beginner-friendly proprietary solutions.

Execution Quality

Stable and reliable execution is vital when day trading volatile markets, including Danish stocks such as A.P. Moller-Maersk A/S.

Our broker research always aims to uncover execution data where possible, favoring firms that achieve our ideal speeds of 100 milliseconds or less.

The best day trading brokers ensure minimal slippage and low latency, ensuring the shortest possible delays and price differences between the request and completion of a trade.

Methodology

To identify the best day trading brokers in Denmark, we ranked our extensive catalog of platforms with the following factors in mind:

FAQ

Which Is the Best Day Trading Broker In Denmark?

Use our list of the best day trading platforms and brokers in Denmark to help you decide which firm is best for your needs.

Many of the recommended brokers are authorized by Finanstilsynet or another approved European regulator and deliver optimal conditions for day traders, including DKK or EUR accounts and access to Danish financial markets.

Who Regulates Day Trading Brokers In Denmark?

The Finanstilsynet, also known as the Danish Financial Supervisory Authority, is the agency responsible for supervising day trading and investment activities in Denmark.

However, as a member of the European Union, other approved jurisdictions are also permitted to provide services to Danish traders via the EU’s passporting scheme.

How Much Money Do I Need To Start Day Trading In Denmark?

Based on our nearly 500-strong database of brokers, most day trading platforms allow Danish traders to open an account with €250 or less (around DKK 1,850).

That said, many leading brokers let you start with no initial investment, including Pepperstone and Trade Nation.