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5 Best Forex Brokers in Sweden for 2024

Looking for the top broker in Sweden? Based on our hands-on analysis, we’ve identified 5 best options tailored to various trading needs. Practical tips from our experts are included.

By:
Plamen Stoyanov
Reviewed By:
Ola Alder
Updated: Apr 8, 2024

List of Top Forex Brokers in Sweden

Over 850 trading instruments. Top-tier licensing. Suitable for different trading strategies. Fast order execution. Probing research and educational materials.

Around 1000 tradable instruments. Competitive trading costs. Choice of trading platforms and tools. Multilayered educational materials. Risk management tool AvaProtect.

R StocksTrader Strategy Builder tool for automated trading. Raw spreads and low fixed commission. Choice of 4 feature-rich platforms.

Feature-rich proprietary platform. Choice of over 17,000 tradable instruments. Ultra-fast order execution – 14 milliseconds. Quality research content.

Globally recognized brand. Trading platform geared towards social trading. Low trading costs. Professional-grade tools for social trading.

Forex Trading in Sweden

In Sweden, the Financial Supervisory Authority (FSA), or Finansinspektionen, regulates all financial securities trading, including compliance with the European Markets in Financial Instruments Directive II (MiFID II) under the European Securities and Markets Authority (ESMA). This means Swedish retail traders can choose forex brokers authorized by Finansinspektionen, not necessarily based in Sweden, as long as they adhere to MiFID II. Authorized brokers must implement safety measures like maximum retail leverage of 1:30, segregated client funds, negative balance protection, and participation in the Investors Compensation Fund (ICF), insuring traders up to EUR 20,000.

How Did FX Empire Select the Best Forex Brokers in Sweden?

FXEmpire's Methodology

  • At least one EU Tier-1 Regulation. We only selected brokers that are licensed and regulated in Europe by top-tier institutions and adhere to the strictest safety requirements.
  • Accepting Swedish traders. Each of our picks accepts Swedish citizens as clients.
  • Localized website, customer service, and platform. For the convenience of Swedish traders, we only considered brokers that must have at least one of the following: a website, platform, or customer support available in Swedish.
  • Instruments from EU markets. We preferred brokers that offer a decent range of instruments from EU markets (currency pairs, share CFDs, indices, etc).
  • Competitive fees. We evaluated the spreads and commissions charged by brokers and selected those whose trading fees as a whole do not exceed the industry average.
  • Intuitive and feature-rich platforms. We selected brokers offering user-friendly and multifunctional platforms that cater to both beginners and experienced traders.
  • Supporting content. We also looked for brokers that provide extensive and highly informative research and educational materials.

Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. Here’s how we test.

Now let’s dive into the selected brokers.

Best Overall

Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested.
  • Min Deposit
    $100
  • Tradable Instruments
    8977
  • Fees
    Low

FP Markets was founded in 2005 and is headquartered in Australia. The broker offers over 850 instruments from different asset classes and has one of the best-calibrated services in the trading industry. With competitive prices, versatile platforms, and fast and reliable order execution, FP Markets is equally suitable for high-frequency trading and risk diversification. It also supports automated and copy trading options.

Regional Features:

  • Entity for Swedish Traders: First Prudential Markets Ltd, regulated by CySEC
  • Available Leverage: 1:30
  • Instruments from EU Markets: 17 FX pairs, 2 metals, 123 share CFDs, 5 indices, various ETFs
  • Trading Platforms: MetaTrader 4&5 in Swedish
  • Standout Features: Large amount of major, minor, and exotic currency pairs

I tested the competitiveness of FP Markets’ pricing mechanism by opening a Standard account with the broker. It features commission-free trading and floating spreads starting from 1.0 pips, meeting the industry average. In comparison, FP Markets’ ECN account type features a $6 round-turn commission per traded lot and raw spreads from 0.0 pips, which fall below the industry average.

FP Markets incorporates the popular MetaTrader 4&5 platforms. The two are feature-rich and easy to learn. Both platforms are easily customizable and accommodate different trading styles, such as algorithmic and day trading. They also have mobile app versions, which afford traders quick and easy access to markets on the go.

I tested the performance of MetaTrader 5, which includes over 50 analytical tools. I found its wide selection of 21 timeframes to be its biggest advantage since it affords traders deep insight into evolving trading opportunities from different perspectives.

Pros
  • Fast order execution
  • Widely-used platforms
  • Competitive trading fees
  • Choice of trading instruments
Cons
  • No proprietary platform

Best for Beginners

Trading CFDs and FX Options entail risk and could result in the loss of your capital.
  • Min Deposit
    $100
  • Tradable Instruments
    853
  • Fees
    Medium

AvaTrade is a multi-regulated broker with top-tier licensing and a diverse offering of instruments across multiple markets, including CFDs, futures, and options.

The broker offers accessible and straightforward educational and research materials, ideal for beginners. This approach simplifies the learning process for first-time traders, allowing them to easily grasp the fundamentals of trading and refine their skills.

Regional Features:

  • Entity for Swedish Traders: AvaTrade EU Ltd, regulated by CBI
  • Available Leverage: 1:30
  • Instruments from EU Markets: 15 currency pairs, 32+ share CFDs
  • Trading Platforms: MetaTrader 4&5, AvaTrade Web Trader, AvaOptions, AvaSocial, DupliTrade
  • Website and Customer Support: Available in Swedish
  • Standout Features: Intuitive proprietary apps

AvaTrade incorporates the beginner-friendly MetaTrader 4&5 platforms, which have easy learning curves. Additionally, the broker provides DupliTrade and AvaSocial for automated trading. AvaSocial, a proprietary platform, enables beginners to interact with fellow traders, share and receive trading insights, and discover strategies from more experienced traders to follow and implement.

I also appreciated AvaTrade’s effort to provide newbies with comprehensive educational materials. They can learn about technical analysis, fundamental analysis, risk management, trading psychology, and much more in video and written formats.

I assessed the competitiveness of AvaTrade’s spreads and commissions on a standard account. It features commission-free trading and floating spreads from 0.9 pips. This combination meets the industry average.

Pros
  • Choice of trading platforms and tools
  • Options trading
  • Comprehensive educational materials
  • Low minimum deposit
Cons
  • Confusing website

Best Trading App

66.02% of retail investor accounts lose money when trading CFDs with this provider”
  • Min Deposit
    $100
  • Tradable Instruments
    12047
  • Fees
    Medium

Best Trading Platform

4.6
71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
  • Min Deposit
    $250
  • Tradable Instruments
    17252
  • Fees
    Medium

Founded in 1974 and headquartered in the United Kingdom, IG has become one of the most prominent brands in the financial markets. It offers industry-leading services to traders globally, establishing itself as a major player in the sector.

I was impressed by IG’s offering of over 17,000 instruments across multiple markets, which can be traded spot, as CFDs, futures, or via vanilla options. Perhaps most significantly, the broker has developed a professional-grade platform accommodating multiple types of trading strategies.

Regional Features:

  • Entity for Swedish Traders: IG Europe GmbH, regulated by BaFin
  • Available Leverage: 1:30
  • Instruments from EU Markets: 17 currency pairs, 17,000+ global stocks (US, EU, UK, Asia, other), 16 indices, various ETFs and bonds
  • Trading Platforms: IG platform, L2 Dealer, MetaTrader 4, ProRealTime
  • Website and Customer Support: Available in Swedish
  • Standout Features: Execution as fast as 14 milliseconds

IG’s web-based platform is extremely versatile and caters to the needs of all kinds of traders. As a chart artist myself, I appreciated the ease with which the platform affords the execution of deep and penetrating technical analysis. I also found the platform highly customizable, making it exceptionally simple to place orders and get in and out of the market. The platform features over 140 technical indicators, drawing tools, and a decent amount of other chart configuration possibilities.

I also tested IG’s trading fees. Commission-free trading applies to instruments from most asset classes, except for share CFDs. The broker also charges floating spreads from 0.6 pips. I thus assessed its trading fees, as a whole, to fall below the industry average.

Pros
  • Professional-grade web platform
  • Ultra-fast order execution
  • Over 17,000 tradable instruments
  • Competitive fees
Cons
  • The offering may be overwhelming for beginners

Best for Social and Copy Trading

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk
  • Min Deposit
    $50
  • Tradable Instruments
    3705
  • Fees
    High

eToro is another broker that hardly needs an introduction. Founded in 2007 and headquartered in Israel, eToro has grown into one of the most widely recognized names in social trading. The broker connects over 20 million traders in a global community where they can share trading ideas and knowledge.

Regional Features:

  • Entity for Swedish Traders: eToro (Europe) Ltd, regulated by CySEC
  • Instruments From EU Markets: 12 currency pairs, 2 commodities, 3,200+ share CFDs (US, EU, UK, Asia, Other), 5 indices
  • Trading Platforms: eToro Platform
  • Localized Website and Customer Support: Available in Swedish
  • Standout Features: Social trading community of over 20 million traders

eToro has developed a feature-rich web trader platform that accommodates sophisticated technical analysis. Its chart panel is smooth and affords easy scaling up and down of price action behavior. As an experienced chart analyst, I found its charts particularly effective for determining viable trading opportunities. My experience with eToro’s platform was exceptionally positive. The platform also facilitates fast and precise order execution.

Moreover, the platform allows you to search for strategies aligning with your criteria, such as average risk, duration, and traded assets, making it easier to find a match that suits your trading style.

eToro stands out as an excellent option for copy/social trading, not only due to its versatile platform but also because it offers the CopyTrader feature without extra charges. Users only need to cover the underlying spreads, making it a cost-effective choice for this type of trading.

I tested the broker by opening a CFDs Trading account, which features commission-free trading and floating spreads from 1.0 pips. This combination meets the industry average.

Pros
  • Global social trading community
  • No extra commissions for copy trading
  • Versatile and feature-rich platform
  • Multiple supporting tools
Cons
  • Scalping not permitted

Our Methodology

Here at FX Empire, we have pioneered a unique methodology for evaluating Over-the-counter (OTC) derivatives brokers worldwide. Our goal is to provide a comprehensive picture of a broker’s pros and cons so that our readers can make informed decisions. We understand their need to choose the best partner for their particular goals and needs.

Our team of dedicated professionals is working continuously to improve our system and keep it up-to-date with current market trends. We test each broker systematically by employing over 250 variables across nine categories:

  • Trust
  • Fees
  • Account Types
  • Tradable Instruments
  • Platforms and Tools
  • Deposits and Withdrawals
  • Customer Support
  • Research
  • Education

We strive to be as objective as possible, which is why our rigorous examinations are devoid of any personal bias as much as possible. We review the licenses of all the subsidiaries of a broker and check the fine print in the Client Agreement. The reliability of a broker is further determined based on the regulation, fees, and general transparency of the website.

We collect essential information by opening a live account with a broker entity and testing its services in real-time. We measure the spreads, swaps, and commissions on its most popular account type and compare our findings to the industry average.

We also test the functionality of the available platforms, the number and types of tradable instruments, the reliability of customer support, and the quality of the research and educational materials.

For this guide, we focused on brokers that offer secure and accessible trading for Swedish clients. We chose only those licensed and regulated in Europe by top-tier institutions, ensuring adherence to the highest safety standards. All our selected brokers accept Swedish traders and provide localized elements like a website, platform, or customer support in Swedish for added convenience. We prioritized brokers offering a wide range of instruments from EU markets, including currency pairs, share CFDs, and indices.

In terms of costs, we evaluated and chose brokers with competitive fees, ensuring their charges do not exceed the industry average. Our picks also feature intuitive and multifunctional platforms, suitable for both novice and seasoned traders. Additionally, we valued brokers that offer comprehensive research and educational resources.

We abide by our strict guidelines for editorial integrity based on the objective standards we have set for our reviews. You can read more about our review process here.

Meet Our Writers

The team of forex and CFD analysts and editors at FXEmpire is composed of trading industry professionals and seasoned financial journalists. Our experts have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Get to Know Our Authors

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Plamen StoyanovBroker Analyst

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Vladimir ZernovBroker Analyst

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

How to Choose a Forex Broker in Sweden?

In this part, I will outline what traders need to consider when looking for a trustworthy broker in Sweden.

How to verify if a broker is regulated in Sweden?

Verifying if a broker is regulated in Sweden involves a few key steps to ensure that you are dealing with a reputable and compliant entity. Here’s how you can do it:

  • Check the Broker’s Website: Start by looking at the broker’s official website. Regulated brokers typically display their regulatory information, including license numbers and the names of the authorities that regulate them, often found in the footer of the website or on an ‘About Us’ or ‘Regulation’ page.
  • Verify with Finansinspektionen: Visit the website of the Financial Supervisory Authority of Sweden (Finansinspektionen). This authority maintains a list of licensed and regulated financial entities in Sweden. You can search for the broker’s name or license number to verify their status.
  • European Regulatory Authorities: Since Sweden is part of the EU, brokers regulated by other prominent European regulatory bodies, such as the UK’s Financial Conduct Authority (FCA) or the Cyprus Securities and Exchange Commission (CySEC), are also considered reliable. You can check these regulators’ websites to verify the broker’s regulatory status.
  • Contact the Broker Directly: If you are still unsure, directly contact the broker and ask for their regulatory information. A legitimate broker should be willing and able to provide clear details about their regulatory status.

Check out our guide on Best European regulated brokers.

How to check a broker’s protection level?

To find a trustworthy partner, make sure that the broker’s entity you choose is tightly regulated and complies with most industry safety requirements.

I have broken down the most important safety mechanisms to look for in a broker below:

  • Segregation of client funds. Brokers must keep their clients’ funds in separate bank accounts from the ones used for their corporate capital. This is crucial for mitigating the risk of accounting errors.
  • Negative balance protection. Negative balance protection means that a trader’s losses cannot exceed their account balance. This protection is indispensable when trading high-risk instruments, such as Contracts for Difference (CFDs).
  • Limited market exposure. Limiting market exposure protects traders against adverse price fluctuations. That is why most top-tier regulators cap the maximum leverage allowed at 1:30, whereas less strict regulators can allow leverage as high as 1:2000.
  • Compensation scheme. Depending on the jurisdiction where a broker is situated, a compensation scheme may also protect its clients against the company’s credit risk and liabilities. For instance, brokers regulated by the Cyprus Securities and Exchange Commission (CySEC) participate in the Investor Compensation Fund (ICF). In the unlikely event of the company becoming insolvent, traders can be compensated by up to 20,000 EUR. The Financial Services Compensation Scheme (FSCS) – under The Financial Conduct Authority (FCA) in the United Kingdom – protects traders by up to 85,000 GBP.

Read more about Best regulated forex brokers.

Why do execution standards matter?

A broker may have many top-tier licenses, but that does not necessarily guarantee the fast and precise order execution performance that you may require or expect. There is also the risk of price manipulation with less reputable companies where the broker might engage in fraudulent activities, such as driving the price down to hit your stop-loss orders. To protect yourself, you need to look for several things:

  • Best execution policy. Found in a broker’s legal documents, the best execution policy is a legal mandate that the broker will provide its clients with the most favorable price quotes under prevailing market conditions.
  • Quality execution statements. Also found in the legal documents, these statements underscore a broker’s execution performance on a yearly basis. You can find information pertaining to a broker’s execution venues, the number of trades that were executed with positive or negative slippage, and so forth.
  • Average execution speed reports. More reputable brokers would also state what their average execution speed is, as recorded in the execution statement for the previous year. This is important, especially if you are a high-frequency trader because it will inform you what kinds of strategies can be used with a given broker.

Precision and speed of order execution are also likely to be enhanced when a broker provides Virtual Private Server (VPS) hosting. As a rule of thumb, look for brokers that can accommodate fast order execution speeds no higher than 100 milliseconds.

Find your best broker with VPS hosting.

Based on my experience as a high-frequency trader, I know how important quick and precise order execution is for implementing intraday strategies, such as scalping. I’ve also experienced price manipulation by less reputable brokers, so I can appreciate just how important to adhere to rigorous execution standards.

If a broker maintains a ‘best execution policy,’ regularly publishes execution quality statements, and demonstrates an average execution speed below 50 milliseconds, it can be regarded as a broker that ensures very good execution standards.

Are a broker’s trading fees competitive?

A broker may have several account types, each with different pricing mechanisms. The question is, how to know which one is best fitted for your particular style of trading? I will answer this question by providing an example with two distinct accounts, one STP and the other ECN:

The biggest difference between STP and ECN accounts, apart from the execution model, is the pricing mechanism. Usually, STP accounts afford commission-free trading and floating spreads, whereas ECN accounts have fixed commissions and raw spreads (typically starting from 0.1 pips). At first glance, the former sounds more favorable because you only have to pay one cost – the spread – rather than two.

Read more about Best STP forex brokers and Best ECN forex brokers.

Many brokers recognize the psychological significance of this sort of thinking and seek to exploit it by raising the spreads on their STP accounts to the point where they are no longer the more competitive option. I will now demonstrate how to do a quick test for yourself to evaluate the competitiveness of a broker’s ECN and STP accounts.

Pick an instrument, say, the EURUSD. Suppose also that the spread on the pair is 0.9 pips on a broker’s STP account and 0.1 pips on its ECN account. There is also a $6 commission for trading a 1 lot (100,000 units) contract. If the EURUSD pip value is $10, you can do a simple calculation to determine the value of a hypothetical position on the EURUSD executed on both account types. The formula is the value of a trade = spread x pip value + commission. When we pop in the above values, this is what we discover about our hypothetical broker:

Account Type Spread Commission Net Cost
STP 0.9 $0 $9
ECN 0.1 $6 $7

This is just a hypothetical example, but hopefully, it illustrates how more can be less in trading. So it’s worthwhile evaluating the costs of a broker you consider opening an account with for yourself before doing so. And if you are still uncertain, you can always check out our database of reviews to sort out the most competitive brokers.

Check out our list of best lowest spread forex brokers.

How to Choose a Trading Platform?

A trading platform is your window into the market. It allows you to observe price action behavior and study potential opportunities for placing orders. Technical traders use a platform’s array of indicators, drawing tools, and other features to examine various price patterns, changes in volatility, liquidity, and so on in order to gauge the most favorable times to enter or exit the market.

The best platforms are also the most versatile ones. They include a wide spectrum of technical indicators, such as Fibonacci retracement levels, oscillators, trend-based and range-based indicators, and others, as well as drawing tools, such as trend lines, channels, wedges, etc. They are also the ones that allow you to easily scale price action up and down.

The retail industry’s most popular platforms, MetaTrader 4 and MetaTrader 5, have established themselves as benchmarks for simplicity and reliability over the years. While they offer a decent range of technical indicators and drawing tools for multi-timeframe analysis, their rugged design becomes evident when compared to newer and sleeker platforms. Although MetaTrader is suitable for beginners, those seeking more advanced trading capabilities may require a sophisticated platform.

Read more about best MT4 brokers and best MT5 brokers.

In response, some brokers have developed their own proprietary platforms, which offer convenience and additional features not found in MetaTrader. These platforms allow for instrument search by asset class, easy scaling of price action, and execution of complex box orders. Ultimately, the choice of the best platform for you boils down to a trade-off between simplicity and practicality.

Check out our dedicated guide on Best forex trading platforms.

What to Avoid When Choosing a Forex Broker in Sweden?

Here is a quick rundown of some of the most important things to avoid:

  • Unregulated brokers. Trading with an unregulated broker exposes you to a higher risk of fraud or unethical business practices, as they are not bound by any regulatory standards or rules. Additionally, in case of any disputes or if the broker goes bankrupt, there might be no legal recourse or compensation schemes available to recover your funds.
  • Lack of client protection. Avoid brokers that cannot ensure more than two of the following: segregated funds, negative balance protection, compensation scheme, and maximum leverage for retail traders no bigger than 1:100
  • Low execution quality. Try to avoid brokers that cannot ensure more than two of the following: best execution policy, regular quality execution statements, and average execution speed under 100 milliseconds.
  • High spreads and commissions. Sidestep brokers with floating spreads from 1.8 pips or above on STP accounts and with round-turn commissions above $7 on ECN accounts.

How to Avoid Forex and CFD Scams?

Scammers rely on the gullibility of traders. A common tactic fraudsters employ is to promise quick and easy profits at no risk to the trader. Often, scammers would use labels that closely resemble the brands of real and legitimate companies. That is why regulators like the FCA have registers where traders can read about such fraudulent companies pretending to be others.

The best and easiest way to protect yourself is to make sure you work with a trustworthy and transparent broker. You can find a comprehensive list of reliable brokers by jurisdiction here.

Another important consideration is online safety. Be cautious about where you leave your personal information. Registering your details on suspicious pop-ups that promise enormous profits could lead to your contact information landing on a scammer’s dialing list. Remember, no licensed broker would make unsolicited cold calls.

The next time you get contacted out of the blue with promises of becoming the next Warren Buffet, you must remember that you are most likely speaking to a scammer. I think that nowhere is the “if something sounds too good to be true…” saying more accurate than in the world of trading. That is why you should do your due diligence before opening an account with any broker.

FAQ

Yes, forex trading is allowed and legal in Sweden. The forex market is a globally decentralized market, and Sweden, like many other countries, permits its citizens to participate in foreign exchange trading.
Finansinspektionen, also known as the Swedish Financial Supervisory Authority, is the government agency responsible for financial regulation in Sweden. It oversees and regulates various financial markets and services, including banking, securities, and insurance sectors. Its primary objective is to ensure stability and transparency in the Swedish financial system, protecting consumers and maintaining confidence in the financial markets.
To verify if a broker is authorized to provide financial services in Sweden, you can check the FSA’s register (https://www.fi.se/en/our-registers/company-register/). You can also check the broker's website for regulatory information, including their license number and the regulating authority.
Yes, trading forex and CFDs is permitted in Sweden and can be done with both Swedish and international brokers.
The European Securities and Markets Authority (ESMA) is an independent EU Authority that aims to safeguard the stability of the European Union's financial system. In the context of the Swedish forex market, ESMA plays a crucial role by setting regulatory standards and guidelines, including for forex trading, which Swedish brokers and traders must adhere to. This ensures a harmonized regulatory environment across the EU, including Sweden, enhancing investor protection and market integrity.
MiFID II, or the Markets in Financial Instruments Directive II, is a legislative framework instituted by the European Union to regulate financial markets in the region and improve the transparency of financial markets. In the Swedish forex market, MiFID II plays a significant role by setting stringent operational standards for investment firms, enhancing investor protection, and promoting fair and transparent trading activities. Swedish brokers and financial institutions involved in forex trading must comply with these regulations, ensuring a safer and more reliable trading environment for investors.
Based on our research, the best broker for beginners in Sweden is AvaTrade thanks to its competitive fees, extensive educational content, and special risk management tool AvaProtect.
The capital gains tax you are required to pay on profits generated from trading leveraged products depends on your residency. For further information, please check with your national tax authority.
Brokers regulated by EU regulators, including those in Sweden, adhere to strict regulatory standards like MiFID II, offering higher levels of investor protection, transparency, and financial stability. In contrast, brokers regulated offshore often fall under less stringent regulatory environments, potentially offering lower levels of investor protection and regulatory oversight.
Yes, you can trade with a broker regulated outside Europe while residing in Sweden. However, it's important to note that such brokers may not adhere to the stringent regulatory standards set by European authorities like MiFID II. Consequently, trading with non-European regulated brokers could involve different levels of risk and investor protection.
Yes, trading cryptocurrency CFDs and other derivatives are available in Sweden.
No, you cannot trade forex in Sweden without a broker. Forex trading requires access to the foreign exchange market, which is not directly accessible to individual traders. Brokers act as intermediaries, providing the necessary platform, tools, and access to the market. Therefore, if you wish to engage in forex trading in Sweden, you need to use the services of a forex broker.

About the Author

Plamen StoyanovBroker Analyst

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Why you can trust FX Empire

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Why you can trust FX Empire

FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.