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5 Best Forex Brokers in Denmark

Last Update: June 26th, 2024

Forex Brokers 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

 

5 Best Forex Brokers in Denmark – a Comparison

🔎 Broker🚀Open an Account🤝 Accepts Danish Traders💶 Min. Deposit (DKK)
🥇 eToro👉 Click Here✅Yes69.30
🥈 Saxo Bank👉 Click Here✅YesNone
🥉 Interactive Brokers👉 Click Here✅YesNone
🏅 AvaTrade👉 Click Here✅Yes692.99
🎖️ CMC Markets👉 Click Here✅YesNone

 

5 Best Forex Brokers in Denmark (2024)

  1. ☑️ eToro – Overall, The Best Forex Broker in Denmark
  2. ☑️ Saxo Bank – The Best Overall Offering
  3. ☑️ Interactive Brokers – Best Broker for Foreigners
  4. ☑️ AvaTrade – Best MetaTrader Forex Broker
  5. ☑️ CMC Markets – Best Broker for Beginners

 

eToro Review

 

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 LicensesCySEC, FCA, ASIC, FSA, NFA, FinCEN, FINRA, SIPC
📉 Ease of Use5/5
📊 Support Hours24/5
💻 Trading PlatformseToro platform
💹 Account TypesStandard Retail Account
💴 Base CurrenciesUSD
🅰️ SpreadsFrom 1 pip EUR/USD
🅱️ Leverage1:400 (eToro Seychelles Ltd)
💶 Currency Pairs55; minor, major, exotic pairs
💳 Minimum DepositFrom 10 USD (US)
🚫 Inactivity Fee10 USD after 12 months of inactivity
📌 Website LanguagesEnglish, Italian, German, etc.
💰 Fees and CommissionsSpreads from 1 pip, zero commission fees
🤝 Affiliate Program✅Yes
✖️ Banned CountriesCanada, Japan, Brazil, Turkey, North Korea, Iran, Cuba, Albania, Serbia, Sudan, and Syria
📈 ScalpingNone
📉 Hedging✅Yes
📊 Trading InstrumentsForex, stocks, crypto (physical), crypto CFDs, indices, commodities, ETFs
🚀Open an Account👉 Click Here

 

eToro Overview

 

Pros and Cons

✅ Pros❌ Cons
Social tradingWithdrawal Fee
Low trading feesInactivity fee
Negative balance protectionConversion fees
User-friendly PlatformSingle base currency

 

Our Insights

The benefits of trading with eToro include a multi-asset platform and comprehensive educational materials.

 

Saxo Bank Review

 

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 Use4/5
📉 Support Hours24/5
📊 Trading PlatformsSaxoTraderGO, SaxoTraderPRO
💹 Account TypesClassic, Platinum, VIP
💴 Base Currencies18 currencies
🅰️ SpreadsFrom 0.4 pips
🅱️ Leverage1:30
💸 Currency Pairs185+
💳 Minimum Deposit0 USD
🚫 Inactivity FeeNone
⚙️ Website LanguagesEnglish, Danish, French, etc.
💰 Fees and CommissionsSpreads from 0.4 pips; commissions from $0 on Mutual Funds
🤝 Affiliate Program✅Yes
❌ Banned CountriesUnited States
📈 Scalping✅Yes
📉 Hedging✅Yes
📊 Trading InstrumentsForex, CFDs, stocks, commodities, futures, FX options, listed options, ETFs, bonds, mutual funds
🚀Open an Account👉 Click Here

 

Saxo Bank

 

Pros and Cons

✅ Pros❌ Cons
Instructional resourcesHigh Fees when Compared
Multiple Trading PlatformsFutures 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 Review

 

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. DepositNone
💶 Inactivity FeeNone
📈 Tradable AssetsForex, Metals, Futures, ETFs
🪙 Crypto Trading✅Yes
📉 MT4 / MT5None
📊 Proprietary Platforms✅Yes
📲 Mobile App✅Yes
🤝 Customer Support24/7
✏️ Education✅Yes
📍 Account TypesIBKR Pro and Lite
🚀Open an Account👉 Click Here

 

Interactive Brokers Overview

 

Pros and Cons

✅ Pros❌ Cons
Low commissions and feesIntimidating Platform
Excellent educational materialsComplex tiered pricing plans
Reliable trade executionLacking 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 Review New

 

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 Deposit100 USD
🖱️ Account TypesRetail, Islamic, Professional
🪙 Base CurrenciesZAR, USD, GBP, AUD
5️⃣ Ease of Use Rating4/5
🎁 Bonuses✅ Yes, referral bonus
⏰ Support Hours24/5
💵 Currency Pairs51; Major, Minor, Exotic Pairs
🤝 Affiliate Program✅ Yes
🚀 Open an Account
👉 Click Here

 

AvaTrade Overview

 

Pros and Cons

✅ Pros❌ Cons
Over 1,260 instrumentsInactivity fees on dormant accounts
Fixed spreads from 0.6 pips on the Pro AccountThe demo account is available for 21 days
Islamic AccountDeposit and withdrawal options are limited
There is a free demo account availableLeverage 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 Review

 

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 Deposit0 USD
5️⃣ Ease of Use Rating5/5
🎁 BonusesYes
⏰ Support Hours24/5
🚀 Open an Account👉 Click Here

 

CMC Markets

 

Pros and Cons

✅ Pros❌ Cons
Low forex fees24/5 Customer Support
Great mobile platformsLimited Trading Platforms

 

Our Insights

The Benefits of trading with CMC Markets include a wide variety of Educational resources and Dedicated Customer Support.

 

Is Forex Trading Legal in Denmark?

 

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.

 

The Danish Financial Supervisory Authority

 

Is Forex Trading Legal in Denmark?

Forex Trading is legal and fully regulated by the Danish Financial Supervisory Authority.

 

Is Forex Trading Legal in Denmark?

 

In Conclusion

Forex Trading is extremely popular in Denmark. Moreover, it is legal and fully regulated by the Danish Financial Supervisory Authority.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker
🥈Read ReviewFSCA, IFSC, ASIC, CySEC, DFSA, FCAUSD 5Visit Broker
🥉Read ReviewFCA, FSCA, FSC, CMAUSD 10Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit 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.

 

You might also like:

eToro Review

Saxo Bank Review

Interactive Brokers Review

AvaTrade Review

CMC Markets Review

FAQs

CMC Markets offers 24/5 Customer Support.

ZAR, USD, GBP, and, AUD.

IBKR Lite and IBKR Pro.

185+ Currency Pairs, including major, minor, and exotic pairs.

An eToro Affiliate Program is available.

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