Forex Brokers in Sweden
Sweden may not be an impressively-sized market population-wise, but it is certainly one of the international Forex trading powerhouses. The interest in the country for this particular type of investment-vehicle has always been great and that is truer now than ever before. Every truly engaged international Fx operator has its sights set on Sweden, and thus it is prepared to navigate its regulatory waters.
The Swedish economy is expected to contract in 2023 following a decline of 0.3% in Q3 and a 0.8% fall in Q2. Economists are predicting that the Swedish economy will stabilize in 2024 and return to growth in 2025. The fact remains that, on a GDP per capita basis, Sweden is one of the richest countries in the world. This goes a long way towards explaining why forex trading is such a popular option there.
A steadfast member of the EU, Sweden never felt the need to give up the flexibility and sovereignty that are provided by its own currency, the Swedish krona. About 2.3% of all Forex market activity is linked to the Swedish krona one way or the other. To actually trade the krona, one doesn’t have to use a Swedish-licensed or Sweden-based broker though.
As an EU member, Sweden allows forex brokers licensed by any EU-based authority to advertise and to offer financial services to the Swedish public. The top regulatory agency of the country is the FSA (Financial Supervisory Authority of Sweden), and its licensing requirements are rather strict. Needless to say, any corporate entity licensed by the FSA has the right to offer financial services all over the EU.
The FSA has been known to crack down on unlicensed brokerages peddling various dubious offers from time to time. In 2014 for instance, they put the Clearskies Group Ltd out of business.
Broker | Features | Regulator | Platforms | Next Step | |
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Between 74-89% of CFD traders lose
Founded: 2010 Between 74-89 % of retail investor accounts lose money when trading CFDs |
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ASIC, FCA | MetaTrader 4, MetaTrader 5, cTrader | ||
Your capital is at risk
Founded: 2006 Europe* CFDs ar... |
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ASIC, FSA, FSB, MiFID | MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader | ||
Your capital is at risk
Founded: 2014 |
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FSPR | MT4 | ||
Your capital is at risk
Founded: 2009, 2015, 2017 |
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ASIC, CySEC, IFSC | MT4 Terminal, MT4 for Mac, Web Trader, iPhone/iPad Trader, Droid Trader, Mobile Trader, MT5 | ||
Read our reviews of more forex brokers that did not make our top list above:
NetoTrade – Read review | Orbex – Read review |
iForex – Read review | Trade24 – Read review |
xTrade – Read review | Trade360 – Read review |
24Option – Read review | UFX – Read review |
IG Group – Read review | HarborX – Read review |
MexGroup – Read review | Oanda – Read review |
Tradeo – Read review | London Capital Group – Read review |
IC Markets – Read review | Capex – Read review |
ATFX – Read review | TradeFred – Read review |
IQ Option – Read review | Libertex – Read review |
Swiss Markets – Read review | iTrader – Read review |
FX Globe – Read review | Formax – Read review |
Think Markets – Read review | Z.com Trade – Read review |
Orbex – Read review | NSFX – Read review |
USGFX – Read review | STO – Read review |
Trio Markets – Read review | HYCM – Read review |
eToro – Read review | FXGiants – Read review |
BD Swiss – Read review | ETX Capital – Read review |
Trade.com – Read review | easyMarkets – Read review |
Finq – Read review | XTB – Read review |
everFX – Read review |