5 Best Forex Brokers in Denmark
The 5 Best Forex Brokers in Denmark – Rated and Reviewed. We have listed the Best Forex Brokers accepting Traders in Denmark.
In this in-depth guide, you will learn:
- The Best Forex Brokers in Denmark – a List
- Best Forex Broker for Beginners and Foreigners
- Low Minimum DKK (Kr) Deposit Brokers
- The Best MT4/MT5 Forex Broker
- What is the best trading platform in Denmark?
- Is forex trading legal in Denmark?
- Which European country is best for forex traders?
- What is the best forex broker in Europe?
and much, MUCH more!
5 Best Forex Brokers in Denmark – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Danish Traders | 💶 Min. Deposit (DKK) |
| 🥇 eToro | 👉 Click Here | ✅Yes | 69.30 |
| 🥈 Saxo Bank | 👉 Click Here | ✅Yes | None |
| 🥉 Interactive Brokers | 👉 Click Here | ✅Yes | None |
| 🏅 AvaTrade | 👉 Click Here | ✅Yes | 692.99 |
| 🎖️ CMC Markets | 👉 Click Here | ✅Yes | None |
5 Best Forex Brokers in Denmark (2024)
- ☑️ eToro – Overall, The Best Forex Broker in Denmark
- ☑️ Saxo Bank – The Best Overall Offering
- ☑️ Interactive Brokers – Best Broker for Foreigners
- ☑️ AvaTrade – Best MetaTrader Forex Broker
- ☑️ CMC Markets – Best Broker for Beginners
eToro
eToro is a highly regulated Forex Broker that offers high Leverage and Low Trading costs. CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, and, SIPC regulate it. Notable features include Spreads from 1 Pip, 55 Currency Pairs, and, Commission Free Trading.
A Standard Account is integrated with a proprietary trading platform. The following trading instruments and products are available:
- 55 currency pairs
- 32 commodities accessible
- 531 ETFs
- 21 indices
- 77 cryptocurrencies
- 4,610 stocks
Moreover, eToro has expanded its trading capabilities to include NFTs (Non-Fungible Tokens).
| 🔎 Broker | 🥇 eToro |
| 📈 Regulation and Licenses | CySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC |
| 📉 Ease of Use | 5/5 |
| 📊 Support Hours | 24/5 |
| 💻 Trading Platforms | eToro platform |
| 💹 Account Types | Standard Retail Account |
| 💴 Base Currencies | USD |
| 🅰️ Spreads | From 1 pip EUR/USD |
| 🅱️ Leverage | 1:400 (eToro Seychelles Ltd) |
| 💶 Currency Pairs | 55; minor, major, exotic pairs |
| 💳 Minimum Deposit | From 10 USD (US) |
| 🚫 Inactivity Fee | 10 USD after 12 months of inactivity |
| 📌 Website Languages | English, Italian, German, etc. |
| 💰 Fees and Commissions | Spreads from 1 pip, zero commission fees |
| 🤝 Affiliate Program | ✅Yes |
| ✖️ Banned Countries | Canada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria |
| 📈 Scalping | None |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Social trading | Withdrawal Fee |
| Low trading fees | Inactivity fee |
| Negative balance protection | Conversion fees |
| User-friendly Platform | Single base currency |
Our Insights
The benefits of trading with eToro include a multi-asset platform and comprehensive educational materials.
Saxo Bank
Saxo is a fully licensed Danish bank under the supervision of Finanstilsynet (the Danish FSA). Fourteen Toer-1 Regulators govern it. Moreover, it provides over 71,000 unique financial products across diverse asset classes.
Accounts offered are Classic Platinum, and, VIP. No minimum deposit is required. Trading Platforms available are SaxoTraderGO and SaxoTraderPro. The following trading instruments and products are available:
- 185 Forex spot pairs and 140 futures
- Over 8,800 instruments
- Approximately 23,500 equities
- Various commodities
- 250 futures contracts
- 45 FX Vanilla Options
Furthermore, more than 7,000 exchange-traded funds from over 30 exchanges are available.
| 🔎 Broker | 🥇 Saxo |
| 📈 Ease of Use | 4/5 |
| 📉 Support Hours | 24/5 |
| 📊 Trading Platforms | SaxoTraderGO, SaxoTraderPRO |
| 💹 Account Types | Classic, Platinum, VIP |
| 💴 Base Currencies | 18 currencies |
| 🅰️ Spreads | From 0.4 pips |
| 🅱️ Leverage | 1:30 |
| 💸 Currency Pairs | 185+ |
| 💳 Minimum Deposit | 0 USD |
| 🚫 Inactivity Fee | None |
| ⚙️ Website Languages | English, Danish, French, etc. |
| 💰 Fees and Commissions | Spreads from 0.4 pips; commissions from $0 on Mutual Funds |
| 🤝 Affiliate Program | ✅Yes |
| ❌ Banned Countries | United States |
| 📈 Scalping | ✅Yes |
| 📉 Hedging | ✅Yes |
| 📊 Trading Instruments | Forex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, mutual funds |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Instructional resources | High Fees when Compared |
| Multiple Trading Platforms | Futures and options - complicated cost structures |
Our Insights
The benefits of trading with Saxo include High-Level Safety, 24/5 Customer Support, and, access to detailed market research, news, insights, webinars, and trading strategies.
Interactive Brokers
Interactive Brokers is an American multinational firm that brokers stocks, options, futures, EFPs, futures options, forex, bonds, and, funds. FINRA, IIROC, FCA, CSSF, CBI, MNB, ASIC, SFC, and, MAS regulate it. Accounts offered are IBKR Lite and IBKR Pro. No minimum deposit is required.
Trading Platforms available are IBKR Trader WorkStation, IBKR Desktop, IBKR Mobile, IBKR GlobalTrader, IBKR Client Portal, IBKR APIs, and, IBKR Impact. The following trading instruments and products are available:
- More than 100 currency pairings
- Over 150 exchanges in 33 countries
- Exchange-traded funds (ETFs)
- Stocks, Indexes, Futures, and, Currencies
- Index futures and options
- Cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin
Moreover, investors can trade various fixed-income securities, including corporate, government, and municipal bonds.
| 🔎 Broker | 🥇 Interactive Brokers |
| 💴 Min. Deposit | None |
| 💶 Inactivity Fee | None |
| 📈 Tradable Assets | Forex, Metals, Futures, ETFs |
| 🪙 Crypto Trading | ✅Yes |
| 📉 MT4 / MT5 | None |
| 📊 Proprietary Platforms | ✅Yes |
| 📲 Mobile App | ✅Yes |
| 🤝 Customer Support | 24/7 |
| ✏️ Education | ✅Yes |
| 📍 Account Types | IBKR Pro and Lite |
| 🚀Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low commissions and fees | Intimidating Platform |
| Excellent educational materials | Complex tiered pricing plans |
| Reliable trade execution | Lacking Customer Support |
Our Insights
The Benefits of trading with IBKR include an impressive number of Trading Platforms, Comprehensive Education Resources, and, Trusted Customer Support.
AvaTrade
AvaTrade is a leading online broker regulated in the EU, Japan, Australia, South Africa, UAE, and the British Virgin Islands. Accounts offered are Retail, Islamic, Professional, and Demo. Trading Platforms available are AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and, ZuluTrade.
AvaSocial and ZuluTrade are automated social trading platforms, whereas DupliTrade offers a copy trading option. The following trading instruments and products are available:
- Over 50 currency pairings
- Precious metals such as gold and silver
- Exchange-traded funds (ETFs)
- Agricultural commodities, metals, and energy resources.
- Global indices
Moreover, several cryptocurrencies are available.
| 🔎 Broker | 🥇 AvaTrade |
| 💴 Minimum Deposit | 100 USD |
| 🖱️ Account Types | Retail, Islamic, Professional |
| 🪙 Base Currencies | ZAR, USD, GBP, AUD |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | ✅ Yes, referral bonus |
| ⏰ Support Hours | 24/5 |
| 💵 Currency Pairs | 51; Major, Minor, Exotic Pairs |
| 🤝 Affiliate Program | ✅ Yes |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Over 1,260 instruments | Inactivity fees on dormant accounts |
| Fixed spreads from 0.6 pips on the Pro Account | The demo account is available for 21 days |
| Islamic Account | Deposit and withdrawal options are limited |
| There is a free demo account available | Leverage is capped at 1:30 for retail accounts |
Our Insights
The benefits of Trading with AvaTrade include access to energy commodities such as oil and natural gas.
CMC Markets
CMC Markets trusted and well-regarded Forex and CFD Broker. Tier-1 agencies (FCA, ASIC, MAS) regulate it. Accounts offered are CFD, Spread Betting, Corporate, and, Demo. Accounts are integrated with the MetaTrader 4 and NextGeneration platforms.
The following trading instruments and products are available:
- Over 330 currency pairings
- 80+ indices
- 12 cryptocurrencies
- 9,500+ shares
- Share Baskets
- 50+ treasuries
It should be noted that CMC Markets does not provide Options Trading.
| 🔎 Broker | 🥇 CMC Markets |
| 💴 Minimum Deposit | 0 USD |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | Yes |
| ⏰ Support Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low forex fees | 24/5 Customer Support |
| Great mobile platforms | Limited Trading Platforms |
Our Insights
The Benefits of trading with CMC Markets include a wide variety of Educational resources, and, Dedicated Customer Support.
The Danish Financial Supervisory Authority
The Danish Financial Supervisory Authority is the financial regulatory authority of the Danish government. It is responsible for the regulation of the Financial Markets in Denmark.
Is Forex Trading Legal in Denmark?
Forex Trading is legal and fully regulated by the Danish Financial Supervisory Authority.
In Conclusion
Forex Trading is extremely popular in Denmark. Moreover, it is legal and fully regulated by the Danish Financial Supervisory Authority.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | CySEC, MISA, FSCA | USD 5 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA | USD 10 | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | IFSC, FSCA, ASIC, CySEC | USD 1 | Visit Broker >> |
Our Insights
While reviewing the Best Forex Brokers that accept Danish Traders, we found 5 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.
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Frequently Asked Questions
Does eToro provide a Partnership Option?
An eToro Affiliate Program is available.
How many currency pairs do Saxo Bank offer?
185+ Currency Pairs, including major, minor, and exotic pairs.
What accounts do Interactive Brokers offer?
IBKR Lite and IBKR Pro.
What base currencies do AvaTrade accept?
ZAR, USD, GBP, and, AUD.
Does CMC Markets offer Customer Support?
CMC Markets offers 24/5 Customer Support.
Top 4 Brokers
