Best Day Trading Platforms and Brokers in Sweden 2024
To place short-term trades on local and global financial markets, such as currency pairs containing the Swedish krona (SEK) or stocks listed on the Nasdaq Stockholm, you’ll need an online broker.
The Financial Supervisory Authority of Sweden, Finansinspektionen (FI), regulates the financial markets, and by extension trading providers. But other EU brokers can onboard Swedes through the region’s passporting scheme.
Discover DayTrading.com’s pick of the best day trading brokers in Sweden. Every platform accepts Swedes, while some excel with local securities, SEK accounts, and convenient deposit options like Sweden’s Klarna.
Top 10 Platforms For Day Trading In Sweden
After our extensive tests, these 10 brokers have proven to be the top choices for short-term traders in Sweden:
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1Eightcap
Ratings
$1000.01 Lots1:30ASIC, FCA, CySEC, SCB, CNMVCFDs, Forex, Stocks, Indices, Commodities, CryptoMT4, MT5, TradingViewNeteller, Skrill, Visa, UnionPay, Credit Card, Debit Card, Bitcoin Payments, Wire Transfer, FasaPay, BPAY, PayPal, Dragonpay, PIX PaymentUSD, EUR, GBP, CAD, AUD, NZD, SGD -
2RedMars
Ratings
€2500.01 Lots1:30 (Retail), 1:500 (Pro)CySEC, AFMCFDs, Forex, Stocks, Indices, Commodities, CryptosMT5Credit Card, Wire Transfer, Debit Card, Sticpay, FasaPay, Bitcoin Payments, Trustly, PayPal, Skrill, Neteller, Klarna, Mastercard, VisaUSD, EUR -
3AvaTrade79% of retail accounts lose money with this provider.
Ratings
$1000.01 Lots1:30 (Retail) 1:400 (Pro)ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFMCFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, FuturesWebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTradeSkrill, Wire Transfer, FasaPay, Mastercard, Perfect Money, Swift, MoneyGram, Credit Card, WebMoney, JCB Card, Debit Card, Neteller, BoletoUSD, EUR, GBP, CAD, AUD -
4Deriv.com
Ratings
$50.01 Lots1:1000MFSA, LFSA, VFSC, BFSCCFDs, Multipliers, Forex, Stocks, Indices, CommoditiesDeriv Trader, Deriv X, MT5, TradingViewNeteller, Visa, Skrill, WebMoney, FasaPay, Perfect Money, Diners Club, Banxa, Paytrust, Wire Transfer, Mastercard, Credit Card, JCB Card, Sticpay, Trustly, Volet, Paysafecard, AstroPay, Maestro, Airtm, Boleto, JetonCash, Przelewy24USD, EUR, GBP, AUD -
5PepperstoneCFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
Ratings
$00.01 Lots1:30 (Retail), 1:500 (Pro)FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCBCFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread BettingMT4, MT5, cTrader, TradingView, AutoChartist, DupliTradeVisa, Mastercard, Credit Card, Debit Card, PayPal, Wire Transfer, POLi, UnionPay, BPAY, Neteller, SkrillUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD -
6IC Trading
Ratings
$2000.01 Lots1:500FSCCFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, FuturesMT4, MT5, cTrader, AutoChartist, TradingCentralPayPal, Neteller, Mastercard, Visa, Wire Transfer, Debit Card, Credit CardUSD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD -
7XM
Ratings
$50.01 Lots1:30ASIC, CySEC, DFSA, FSC, FSCA, CNMV, AMF, KNFForex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, FuturesMT4, MT5Credit Card, Debit Card, Skrill, Neteller, Wire Transfer, Perfect Money, Apple Pay, Google Wallet, TransferWise, Visa, M-PesaUSD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF -
8LiteForex Europe
Ratings
$500.01 Lots1:30CySEC, AFMCFDs, Forex, Indices, CommoditiesMT4, MT5Neteller, Skrill, Visa, QIWI, Mastercard, Perfect Money, Western Union, Credit CardUSD, EUR, GBP, CHF -
9eToro51% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Ratings
$100$101:30FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMFCFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTseToro Web, CopyTrader, TradingCentralVisa, Skrill, Neteller, Wire Transfer, Rapid Transfer, Swift, Debit Card, iDeal, Klarna, Sofort, Trustly, Przelewy24USD -
10FOREX.com20% Welcome Bonus Up To $5000
Ratings
$1000.01 Lots1:30NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMAForex, CFDs, Stocks, Indices, Commodities, Futures, Options, CryptoMT4, MT5, TradingView, eSignal, AutoChartist, TradingCentralWire Transfer, Credit Card, Debit Card, Visa, Mastercard, Skrill, Neteller, ACH TransferUSD, EUR, GBP, CAD, AUD, JPY, CHF, PLN
This is why we think these brokers are the best in this category:
- Eightcap - Eightcap is a multi-regulated forex and CFD broker established in Australia in 2009. The broker has proven popular with active day traders, providing 800+ instruments with tight spreads and notable improvements in recent years, integrating the leading TradingView platform, alongside AI-powered financial calendars and algo trading tools with zero coding experience required.
- RedMars - Launched in 2020, Cyprus-based RedMars offers competitive spreads on more than 300 instruments and leverage up to 1:500. Three accounts are available - Standard, Pro and VIP - serving a range of budgets and experience levels, with a fast and fully digital account opening process.
- 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, from CFDs to AvaOptions and now AvaFutures, alongside a comprehensive education center and multilingual customer support.
- 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.
- 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.
- IC Trading - IC Trading is part of the established IC Markets group. Built for serious traders, it boasts some of the most competitive spreads, reliable order execution, and advanced trading tools. The catch is that it’s registered in the offshore financial centre of Mauritius, enabling it to offer high leverage but in a weakly regulated trading setting.
- 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.
- LiteForex Europe - LiteForex Europe is a CFD broker established in 2008 and authorized by the CySEC. The brokerage offers forex, commodities and indices via the MT4 and MT5 platforms. Spreads are ultra tight on ECN accounts and leverage is available up to 1:30 in line with EU regulations. LiteForex also offers a rich education centre for new day traders and social trading capabilities.
- eToro - eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 51% of retail CFD accounts lose money.
- FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.
Best Day Trading Platforms and Brokers in Sweden 2024 Comparison
Eightcap
"Eightcap delivers in every area for day traders with a growing selection of charting platforms, education via Labs, and AI-powered tools. Now sporting 120+ crypto CFDs, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row."
Christian Harris, Reviewer
Eightcap Quick Facts
Demo Account | Yes |
---|---|
Instruments | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
Regulator | ASIC, FCA, CySEC, SCB, CNMV |
Platforms | MT4, MT5, TradingView |
Minimum Deposit | $100 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, SGD |
Pros
- Eightcap stands out with a selection of powerful trading tools and resources, including MT4 and MT5, the innovative algorithmic trading platform Capitalise.ai, and more recently the 50-million strong social trading network TradingView.
- After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market.
- Having excelled across all key areas for day traders, Eightcap outperformed every competitor to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title.
Cons
- In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
- Despite a useful library of educational guides and e-books in Labs, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
- The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.
RedMars
"RedMars is the best fit for experienced day traders familiar with the MetaTrader 5 platform and based in the EU, where the broker is authorized by the CySEC. However, the threadbare education and research tools make it unsuitable for beginners."
Christian Harris, Reviewer
RedMars Quick Facts
Demo Account | Yes |
---|---|
Instruments | CFDs, Forex, Stocks, Indices, Commodities, Cryptos |
Regulator | CySEC, AFM |
Platforms | MT5 |
Minimum Deposit | €250 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (Retail), 1:500 (Pro) |
Account Currencies | USD, EUR |
Pros
- Getting started on RedMars is incredibly easy - you can be up and running in just a few minutes based on tests
- RedMars offers one of the best platforms for day trading, MT5, hosting 21 timeframes, dozens of analytical tools, flexible templates and algo trading
- Clients in the EU, in particular, can trade with peace of mind knowing RedMars is authorized by the CySEC with up to €20K compensation available through the ICF in the event of bankruptcy
Cons
- With just 300 instruments, RedMars offers a narrow trading environment, particularly compared to category leaders like BlackBull Markets which offers 26,000 assets
- RedMars falls short for newer traders, with little in the way of education, no beginner-friendly platform, a steep minimum deposit, and inadequate support during testing
- While RedMars' spreads are within industry averages, they don't offer a significant edge over the cheapest day trading brokers we've personally used, notably IC Markets
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."
Jemma Grist, Reviewer
AvaTrade Quick Facts
Demo Account | Yes |
---|---|
Instruments | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Bonds, Crypto, Spread Betting, Futures |
Regulator | ASIC, CySEC, FSCA, ISA, CBI, FSA, FSRA, BVI, ADGM, CIRO, AFM |
Platforms | WebTrader, AvaTradeGO, AvaOptions, AvaFutures, MT4, MT5, AlgoTrader, TradingCentral, DupliTrade |
Minimum Deposit | $100 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 (Retail) 1:400 (Pro) |
Account Currencies | USD, EUR, GBP, CAD, AUD |
Pros
- Day traders can access stable spreads and zero commissions with no hidden fees
- AvaTrade is a heavily regulated and trustworthy broker with licenses from the ASIC, CySEC and more
- Recently introduced AvaFutures offers an alternative vehicle to speculate on over 35 markets with low day trading margins
Cons
- There’s an above-average $50 inactivity fee after three months, though this won't impact active day traders
- A high $2000 minimum investment is required to use DupliTrade, which will be out of reach for many beginners
- Traders from the US are not accepted
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. "
Jemma Grist, Reviewer
Deriv.com Quick Facts
Demo Account | Yes |
---|---|
Instruments | CFDs, Multipliers, Forex, Stocks, Indices, Commodities |
Regulator | MFSA, LFSA, VFSC, BFSC |
Platforms | Deriv Trader, Deriv X, MT5, TradingView |
Minimum Deposit | $5 |
Minimum Trade | 0.01 Lots |
Leverage | 1:1000 |
Account Currencies | USD, EUR, GBP, AUD |
Pros
- The free demo account is ideal for practicing short-term trading strategies and no registration is required
- Deriv continues to offer fast and reliable 24/7 support and the WhatsApp service is particularly convenient
- Deriv bolstered its short-term trading opportunities in 2024 with accumulator options on simulated indices featuring up to 5% growth rates
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
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."
Christian Harris, Reviewer
Pepperstone Quick Facts
Demo Account | Yes |
---|---|
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) |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- Pepperstone boasts impressive execution speeds, averaging around 30ms, facilitating fast order processing and execution that’s ideal for day trading.
- 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.
- Pepperstone emerges as a low-cost broker, especially for serious day traders with spreads from 0.0 in the Razor account and rebates of 25%+ through the Active Trader program.
Cons
- 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 does not support cTrader Copy, a popular copy trading feature built into the excellent cTrader platform and available at alternatives like IC Markets.
- There’s no simplified proprietary trading platform, nor are there any social trading features, which could be a disadvantage if you are new to day trading.
IC Trading
"With superior execution speeds averaging 40 milliseconds, deep liquidity, and powerful charting software, IC Trading delivers an optimal trading environment tailored for scalpers, day traders, and algorithmic traders. "
Christian Harris, Reviewer
IC Trading Quick Facts
Demo Account | Yes |
---|---|
Instruments | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Cryptos, Futures |
Regulator | FSC |
Platforms | MT4, MT5, cTrader, AutoChartist, TradingCentral |
Minimum Deposit | $200 |
Minimum Trade | 0.01 Lots |
Leverage | 1:500 |
Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, JPY, CHF, HKD, SGD |
Pros
- The simplified and digital account opening process saves time and effort, allowing traders to start trading sooner without extensive paperwork, taking just minutes during testing.
- IC Trading provides industry-leading spreads, including 0.0-pip spreads on major currency pairs such as EUR/USD, making it ideal for day traders.
- IC Trading offers unusual flexibility in its accounts, enabling traders to open up to 10 live and 20 demo accounts, meaning you can run separate profiles for different activities, such as manual trading and algo trading.
Cons
- Unlike IC Markets, IC Trading does not support social trading through the group’s IC Social app or the third-party copy trading platform ZuluTrade.
- The educational resources are greatly in need of improvement, unless you navigate to the IC Markets website, posing a limitation for beginners in search of a comprehensive learning journey, especially compared to category leaders like eToro.
- Despite being part of the trusted IC Markets group, IC Trading is authorized by a weak regulator - the FSC of Mauritius, with limited financial transparency and regulatory safeguards.
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."
William Berg, Reviewer
XM Quick Facts
Demo Account | Yes |
---|---|
Instruments | Forex, Stock CFDs, Turbo Stocks, Indices, Commodities, Precious Metals, Energies, Shares, Crypto, Futures |
Regulator | ASIC, CySEC, DFSA, FSC, FSCA, CNMV, AMF, KNF |
Platforms | MT4, MT5 |
Minimum Deposit | $5 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 |
Account Currencies | USD, EUR, GBP, AUD, JPY, ZAR, CHF, SGD, PLN, HUF |
Pros
- XM continues to deliver diverse and multilingual educational materials and offers a useful live education schedule for its webinars and insights
- The broker offers premium research including market sentiment, fundamental insights and strategy builders
- XM is a hugely respected broker authorized by tier-one regulators
Cons
- There is weak regulatory oversight through the global entity
- PayPal deposits are not supported
- There's $5 inactivity fee after only 3 months, though this won't affect active traders
LiteForex Europe
"LiteForex is a good option for active day traders with variable spreads from 0.0 pips, daily analysis and high-quality training guides. The forex copy system also lets you duplicate the positions of experienced traders."
William Berg, Reviewer
LiteForex Europe Quick Facts
Demo Account | Yes |
---|---|
Instruments | CFDs, Forex, Indices, Commodities |
Regulator | CySEC, AFM |
Platforms | MT4, MT5 |
Minimum Deposit | $50 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 |
Account Currencies | USD, EUR, GBP, CHF |
Pros
- Fast ECN execution model with low spreads from 0.0 pips
- A proprietary copy trading system is available which allows you to copy other trading patterns
- LiteForex offers a range of proprietary mobile app tools which are ideal for traders who want to analyze the markets on the go
Cons
- There is no swap-free trading account for Muslim day traders
- There are limited funding methods compared to other brands
- Cryptocurrency trading is not offered
eToro
"eToro's social trading platform leads the pack with a terrific user experience and active community chat that can help beginners find opportunities. There are also competitive fees on thousands of CFDs and real stocks, plus excellent rewards for experienced strategy providers."
Christian Harris, Reviewer
eToro Quick Facts
Demo Account | Yes |
---|---|
Instruments | CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs |
Regulator | FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF |
Platforms | eToro Web, CopyTrader, TradingCentral |
Minimum Deposit | $100 |
Minimum Trade | $10 |
Leverage | 1:30 |
Account Currencies | USD |
Pros
- Top copy traders can receive annual payments up to 1.5% of assets under copy in the broker's Popular Investor Program
- Charts are powered by TradingView and offer strong technical analysis features, including 9 chart types and over 100 indicators
- The copy trading app facilitates a best-in-class social environment, with an engaging social feed and community chat
Cons
- There are limited contact methods aside from the in-platform live chat
- There are no guaranteed stop loss orders which would be a useful risk management feature for beginners
- The lack of additional charting platforms like MT4 will reduce the appeal for seasoned day traders accustomed to using third-party software
FOREX.com
"FOREX.com remains a best-in-class brokerage for active forex traders of all experience levels, with over 80 currency pairs, tight spreads from 0.0 pips and low commissions. The powerful charting platforms collectively offer over 100 technical indicators, as well as extensive research tools."
Christian Harris, Reviewer
FOREX.com Quick Facts
Bonus Offer | 20% Welcome Bonus Up To $5000 |
---|---|
Demo Account | Yes |
Instruments | Forex, CFDs, Stocks, Indices, Commodities, Futures, Options, Crypto |
Regulator | NFA, CFTC, CIRO, FCA, CYSEC, ASIC, SFC, FSA, MAS, CIMA |
Platforms | MT4, MT5, TradingView, eSignal, AutoChartist, TradingCentral |
Minimum Deposit | $100 |
Minimum Trade | 0.01 Lots |
Leverage | 1:30 |
Account Currencies | USD, EUR, GBP, CAD, AUD, JPY, CHF, PLN |
Pros
- FOREX.com offers industry-leading forex pricing starting from 0.0 pips, alongside competitive cashback rebates of up to 15% for serious day traders.
- Alongside a choice of leading platforms, FOREX.com offers a superb suite of supplementary tools including Trading Central research, SMART Signals pattern scanner, trading signals, and strategy builders.
- There’s a wealth of educational resources including tutorials, webinars, and a stacked YouTube channel to help you get educated in the financial markets.
Cons
- FOREX.com's MT4 platform offers approximately 600 instruments, significantly fewer than the over 5,500 available on its non-MetaTrader platforms.
- Demo accounts are frustratingly time-limited to 90 days, which doesn’t give you enough time to test day trading strategies effectively.
- Funding options are limited compared to leading alternatives like IC Markets and don’t include many popular e-wallets, notably UnionPay and POLi.
Methodology
To find the best day trading platforms in Sweden, we scoured our database spanning hundreds of online brokers and removed any that don’t accept Swedish traders.
We then ranked the remaining brokers by their overall rating, which combines 200+ data points with our findings from hands-on tests.
- We verified that each broker accepts Swedish day traders.
- We recommended brokers we trust after evaluating their regulatory credentials.
- We favored brokers with a range of financial markets such as Swedish stocks.
- We prioritized brokers with competitive day trading fees.
- We ensured that each broker offers excellent charting platforms.
- We preferred brokers with transparent leverage and margin requirements.
- We investigated each broker’s execution speed and quality.
- We confirmed account funding was convenient for Swedish traders.
How To Choose A Day Trading Broker In Sweden
Our many years evaluating trading platforms of all stripes have helped us pinpoint the key factors to consider:
Trust
Choose a well-regulated broker to help protect you from trading scams. This is especially important given the rise in clone investment websites across Scandinavia in recent years, as reported by Finance Feeds.
We recommend brokers we trust, and preferably with authorization from a respected authority in line with DayTrading.com’s Regulation & Trust Rating. Additionally, we look for long-standing providers with large, active client bases and transparent trading practices.
In Sweden, the Financial Supervisory Authority (FI) oversees the financial markets and trading providers.However, you can also sign up with other brokers regulated in the European Economic Area (EEA) through the region’s passporting initiative.
- AvaTrade remains one of our most trusted brokers with a 4.8/5 trust score, EU licensing from CySEC (Cyprus) and CBI (Ireland), and a long history since 2006. Clients also benefit from robust safety measures including negative balance protection and the broker’s own risk management tool, AvaProtect.
Financial Markets
Choose a broker that provides access to the asset classes that you’re interested in, enabling you to spread your risk and capitalize on diverse trading opportunities.
For Swedish traders, this may include currency pairs involving the Swedish krona (SEK) such as EUR/SEK, as well as stocks listed on the Nasdaq Stockholm, such as Swedbank and Novotek.
Swedes may also be interested in the country’s chief export commodities like oil and iron ore.
- Pepperstone’s range of markets outshines most competitors and includes minor currency pairs like CHF/SEK and NOK/SEK, popular ETFs like the iShares MSCI Sweden ETF, various Nasdaq Stockholm-listed stocks, plus notable commodities like oil and copper.
Trading Fees
Choose a broker with competitive, transparent costs, which can quickly accumulate for active traders.
The most common costs you’ll incur are spreads and commissions, though we also evaluate non-trading fees such as inactivity charges or costs for depositing in Swedish krona if your trading account is based in say euro. Brokers with SEK trading accounts help Swedish traders minimize or eliminate conversion fees.
Also consider whether any additional tools justify higher fees. For example, analyst insights into the Nordic stock market or fiscal updates from the Riksbank, which could impact the value of the krona, could be valuable for aspiring traders.
- IC Trading continues to offer among the lowest fees we’ve seen, with spreads from 0.3 on EUR/SEK, 2.0 on NOK/SEK and 0.380 on the Sweden 30 index. Commissions are competitive, starting from $3 per side. Also, you get an economic calendar where you can filter for Swedish events, plus trading data via its blog.
Charting Platforms
Choose a broker with a reliable and powerful charting platform for technical analysis – a popular way active traders identify short-term trading opportunities.
Terminals like MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader and TradingView are preferred by many day traders for their comprehensive range of charting features, including technical indicators and timeframes. At least one of these is available at most reputable brokers.
However, we’ve found proprietary platforms available at some firms, often with scaled-down features and streamlined interfaces, offer a smoother entry point for beginners.
- Eightcap delivers a superior range of charting platforms catering to day traders at every level, including TradingView, MT4 and MT5, available via desktop and web. The broker also stands out with its intuitive Capitalise.ai automated trading tool and comprehensive FlashTrader risk management software.
Leverage Requirements
Choose a broker that is upfront about the risks and requirements of trading with leverage, an approach adopted by many day traders.
Leverage gives you exposure to larger positions whilst only requiring a small cash outlay (known as margin).
Let’s say I want to trade EUR/SEK with leverage of 1:20 and a down payment of €250.This would mean the value of my position would magnify by 20, to €5,000.
Whilst this can magnify gains by a factor, in this case 20x, it can also contribute to heavy losses. Therefore, solid risk management and a sound understanding of your broker’s margin requirements are essential.
- Deriv’s leverage requirements are clearly displayed within its platform, available up to 1:30 for Swedes. It’s also one of the few brokers to offer multipliers, which offers a straightforward way to speculate on markets.
Execution Quality
Choose a broker that executes trades swiftly and efficiently. Day traders rely on precise execution more than longer-term traders, who aren’t typically as impacted by narrow margins.
We assess this by examining execution speeds whenever data is available. We also take into account latency and slippage, which measure the time delay and price difference between when a trade is placed and executed.
- FOREX.com offers ultra-fast execution speeds averaging 30 milliseconds, making the broker ideal for active traders. Execution stats are also impressive, with 99.99% of limit orders filled at the requested price or better.
Account Funding
Choose a broker that makes deposits and withdrawals to your trading account a breeze.
Most brokers that we evaluate allow you to open an account with €250 or less (approximately SEK 2800), though some have no minimum deposit, making them ideal for beginners.
Also consider whether the broker that offers convenient funding solutions, which could help you save on transaction costs. According to Pay.com, Klarna remains one of the top five payment methods in Sweden.
FAQ
Who Regulates Day Trading Platforms In Sweden?
The Finansinspektionen (FI) is responsible for overseeing the financial markets in Sweden, and by extension, online trading providers.
That said, other brokers in the EEA can also onboard Swedish traders through the region’s passporting initiative. If you go down this route, it’s important to continue following FI regulations and Sweden’s tax rules.
Which Is The Best Broker That Accepts Day Traders From Sweden?
Use DayTrading.com’s pick of the best day trading brokers in Sweden to find the right provider for you.
Pepperstone, for example, offers a terrific range of Swedish markets, from SEK FX pairs to local securities, whilst eToro offers accessible funding for Swedes with SEK deposits and payment options like Trustly and PayPal.
Recommended Reading
Article Sources
- Finansinspektionen (FI)
- Nasdaq Stockholm (Nasdaq Nordic)
- Scandinavian Capital Markets Warns of Fake Clone Website - Finance Feeds
- Riksbank
- Swedbank - Nasdaq Nordic
- Novotek - Nasdaq Nordic
- Payment Methods in Sweden - Pay.com
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