| Updated: January 15, 2025Sweden, a country renowned for its stunning natural beauty and innovative economy, offers favorable conditions for forex trading. The Financial Supervisory Authority (Finansinspektionen), the primary regulator of the Swedish financial markets, oversees the activities of forex brokers operating in the country. Swedish traders can register forex trading accounts with brokers regulated in other EU and EEA countries, providing them with a wide range of options.
Below you can find a list with the best Forex brokers regulated in Sweden:
Top 10 Forex Brokers in Sweden
-
Fusion Markets
- Australia regulated broker
- MT4, MT5, TradingView, Ctrader
- Leverage up to 500
-
FP Markets
- Australia & CySEC regulated broker
- MT4/MT5, TradingView, Ctrader, Iress
- EUR/USD spread from 0.0 pips
Trading Instruments- Forex CFDs
- Shares CFDs
- Metals CFDs
- Commodities CFDs
- Indices CFDs
- Crypto CFDs
- ETF CFDs
-
Plus500
- Multi-Level Regulated Broker
- Proprietary trading platforms
- Easy to use mobile app
Trading Instruments- CFDs on: Forex
- Crypto
- Indices
- Commodities
- Stocks
- Options
- ETFs
-
Global Prime
- Australia regulated broker
- Advanced MT4
- $0 Minimum Account Size
-
Axi
- Raw spreads start from 0.0 pips
- Offers order execution faster than standard ECN model
- Axi Select Funded Trader Program offers funding up to $1 million
Trading Instruments- Forex
- Stocks
- IPOs
- Indices
- Commodities
- Cryptocurrencies
-
Interactive Brokers
- Providing access to more than 135 global markets: Forex, Cryptocurrencies, Bonds, Commodities and Stocks
- Seamless integration with third-party research platforms and API access for automated trading and portfolio management.
- Advanced trading tools, such as algorithmic trading options, which allow professional-level trading executions.
Trading Instruments- Stocks
- options
- futures
- ETFs
- bonds
- mutual funds
- metals
- indices
- cryptocurrencies
- spot currencies
-
Pepperstone
- Australia & CySEC regulated broker
- MT4/MT5, TradingView, Ctrader, Iress
- EUR/USD spread from 0.0 pips
Trading Instruments- Forex
- Indices
- Commodities
- Cryptocurrencies
- Share CFDs
- ETFs
-
XM Group
- XM provides great trading experiences using MetaTrader 4 and MetaTrader 5, which are improved by personalized features.
- Zero commission accounts are available
- Top-tier regulation from CySEC, ASIC, FSC, and DFSA oversee XM's operations, assuring transparency and client safety.
Trading Instruments- Forex
- Stocks
- Indices
- Commodities
- Thematic Indices
-
Tickmill
- Classic and Raw accounts available to suit various trading needs and requirements.
- Popular trading platforms, such as MT4 and MT5.
- Regulated by reputable authorities: ASIC and CySEC.
-
Vantage FX
- Broker offering some of the lowest spreads from 0.0 pips
- Operating in multiple markets under licenses from tier-1 regulators
- Provides a range of account types with great trading conditions
Trading Instruments- Forex
- Indices
- Commodities
- Shares CFD
- ETFs
- Bonds
Brokers Compared by Spread
| Brand | Commission per lot | |
|---|---|---|
| Fusion Markets | 0.93 avg (Classic) | $0 Classic Account, $4.50 round turn on Zero Account |
| FP Markets | 1.1 | $0 Standard Account; $6 round turn on Pro Account |
| Plus500 | 1.2 | $0 |
| Global Prime | 0.96 avg (Standard) | $0 Standard Accounts; $7 round turn on Raw Accounts |
| Axi | 1.2 | $0 on Standard Account; $7 round trip on Pro Account |
| Interactive Brokers | 0.1 | From 0.08 to 0.20 bps x trade size |
| Pepperstone | 1.00 (min) | $0 (Standard Account), $7 round-turn (Razor Account) |
| XM Group | 0.8 | $0 Ultra Low Micro and Ultra Low Standard Accounts; $3.50 per side XM Zero Account |
| Tickmill | 0.1 | $0 on Classic Account; $3 per side on Raw Account |
| Vantage FX | 0.2 | $3 per side on Raw; $1.50 per side on Pro |
FX Brokers Deposit Method Comparison
| Brand | Minimum deposit | |
|---|---|---|
| Fusion Markets |  |
$0 |
| FP Markets | |
$50 (AU$100) |
| Plus500 |  |
$100 |
| Global Prime | |
$0 |
| Axi | |
$0 |
| Interactive Brokers | |
$0 |
| Pepperstone | |
$0 |
| XM Group | |
$5 |
| Tickmill | |
$100 |
| Vantage FX | |
$50 |
Forex Brokers by Regulator
| Brand | Maximum leverage | |
|---|---|---|
| Fusion Markets | |
1:30 (1:500 for forex and metals via VFSC) |
| FP Markets | |
1:30 |
| Plus500 | |
1:30 |
| Global Prime | |
1:500 (1:30 for ASIC entity) |
| Axi | |
1:30 |
| Pepperstone | |
1:30 |
| XM Group | |
1:30 |
| Tickmill | |
1:30 |
| Vantage FX | |
1:30 |
Forex Brokers Platform Availability
| Brand | FX pairs to trade | |
|---|---|---|
| Fusion Markets | |
80+ |
| FP Markets | |
70+ |
| Plus500 | |
60+ |
| Global Prime | |
56 |
| Axi | |
80 |
| Interactive Brokers | |
100+ |
| Pepperstone | |
90+ |
| XM Group | |
50+ |
| Tickmill | |
62 |
| Vantage FX | |
60+ |
Comprehensive Comparison of the Best Sweden Forex Brokers
| Brand | Min. Deposit | Trading Platforms | Spread | Regulation | Trustpilot |
|---|---|---|---|---|---|
 |
$0 |
|
0.93 avg (Classic) |
|
|
 |
$50 (AU$100) |
|
1.1 |
|
|
 |
$100 |
|
1.2 | ||
 |
$0 |
|
0.96 avg (Standard) |
|
|
 |
$0 |
|
1.2 |
|
|
 |
$0 |
|
0.1 |
|
|
 |
$0 |
|
1.00 (min) |
|
|
 |
$5 |
|
0.8 |
|
|
 |
$100 |
|
0.1 |
|
|
 |
$50 |
|
0.2 |
|
This page aims to provide an in-depth exploration of the Swedish forex trading landscape, including the legal forms of forex trading, restrictions on currency trading, and the role of the Financial Supervisory Authority. We will also delve into the requirements that forex brokers are expected to meet, how to identify reliable brokers, and the tax implications of forex trading in Sweden.
Legal Forms of Forex Trading in Sweden
The Financial Supervisory Authority (Finansinspektionen) is the primary regulator of the financial markets in Sweden. The authority is responsible for ensuring that all financial activities, including forex trading, are conducted fairly and transparently. In Sweden, forex trading can take various forms, including:
- Spot trading: This involves the direct exchange of currencies at the current market price.
- Derivative trading through CFDs (Contracts for difference): This allows traders to speculate on the price movements of currencies without actually owning the underlying assets.
- Forex options: This involves the right, but not the obligation, to buy or sell a currency at a predetermined price.
- Futures: This involves the obligation to buy or sell a currency at a predetermined price on a specific date.
These forms of forex trading are legal in Sweden, and traders can engage in them through licensed brokers. The Financial Supervisory Authority ensures that all brokers operating in the country comply with the relevant regulations and provide a safe and secure trading environment for Swedish traders.
Restrictions on Currency Trading in Sweden
The Financial Supervisory Authority has imposed certain restrictions on currency trading in Sweden. One notable prohibition is on binary options, as per Finansinspektionen’s Regulatory Code, published on June 18, 2019. Binary options are a type of financial instrument that involves betting on the price movement of an asset, including currencies. However, due to their high-risk nature and potential for fraud, the FSA has prohibited binary options trading in Sweden. This move is aimed at protecting Swedish traders from potential losses and ensuring that they engage in safe and responsible trading practices.
The FSA’s prohibition on binary options is part of its broader efforts to regulate the forex trading industry and protect consumers. The authority closely monitors the activities of forex brokers and takes swift action against any broker that engages in unethical or illegal practices. Swedish traders can rest assured that they are protected by a robust regulatory framework that prioritizes their safety and security.
Who Regulates Forex Trading in Sweden?
The Financial Supervisory Authority (Finansinspektionen), also known as the FSA, is the primary regulator of forex trading in Sweden. The FSA is an independent government agency responsible for regulating and supervising the Swedish financial markets, including forex trading. The FSA’s main objective is to ensure that financial markets operate in a fair, efficient, and transparent manner and that consumers are protected from potential risks and fraud.
The FSA operates under the Swedish Ministry of Finance and is responsible for:
- Issuing licenses: The FSA issues licenses to forex brokers that meet the relevant regulatory requirements, ensuring that they operate in a safe and secure manner.
- Imposing financial penalties: The FSA can impose financial penalties on forex brokers who engage in unethical or illegal practices, ensuring that they comply with the relevant regulations.
- Preventing fraudulent activities: The FSA closely monitors the activities of forex brokers and takes swift action against any broker that engages in fraudulent activities, protecting Swedish traders from potential losses.
- Supervising compliance: The FSA supervises forex brokers to ensure they comply with relevant regulations, including anti-money laundering (AML) and know-your-customer (KYC) requirements.
- Providing guidance: The FSA provides guidance and information to consumers about forex trading and the risks associated with it, helping them to make informed decisions.
The FSA’s regulatory framework is based on European Union (EU) laws and regulations, including the Markets in Financial Instruments Directive (MiFID) and the Capital Requirements Directive (CRD). The FSA also works closely with other European regulatory authorities to ensure that forex brokers operating in Sweden comply with EU regulations.
FSA’s Official Company Register
The FSA’s official company register is a database of all licensed financial companies in Sweden, including forex brokers. The register provides information about each broker’s license status, including:
- License number: The unique license number assigned to each broker.
- License type: The type of license held by each broker, such as a license to operate a forex trading platform.
- Broker name: The name of each broker, including any trading names or brands.
- Address: The address of each broker, including their head office and any branch offices.
- Contact information: The contact information for each broker, including phone numbers, email addresses, and website URLs.
The FSA’s company register is a valuable resource for Swedish traders, providing them with the information they need to verify a broker’s license status and make informed decisions about their trading activities. In case the information on the Company Register is under review, traders can request further details about a financial firm by sending an email to [email protected].
Requirements for Forex Brokers in Sweden
Forex brokers operating in Sweden are subject to a range of regulatory requirements, including:
- Negative balance protection: Brokers must ensure that traders’ accounts do not go into negative balance, protecting them from potential losses.
- Retail leverage limits: Brokers must comply with retail leverage limits, which restrict the amount of leverage that traders can use. In compliance with the regulations applicable to retail forex trading in other EU countries, leverage is capped at 1:30 for major currency pairs and 1:20 for minor currency pairs.
- Investor compensation: Brokers must participate in an investor compensation scheme, which protects traders in the event of a broker’s insolvency.
- Risk disclaimers: Brokers must provide clear risk disclaimers, warning traders of the potential risks associated with forex trading.
- Fund segregation: Brokers must segregate traders’ funds from their own funds, ensuring that traders’ money is safe and secure.
- Automatic margin closeouts: Brokers must have systems in place to automatically close out trades when a trader’s margin level falls below a certain threshold, preventing potential losses.
These requirements are designed to protect Swedish traders and ensure they engage in safe and responsible trading practices. The Financial Supervisory Authority closely monitors the activities of forex brokers and takes swift action against any broker that fails to comply with the relevant regulations.
How to Identify Reliable Forex Brokers Accepting Swedish Clients?
Identifying reliable forex brokers that accept Swedish clients requires careful research and due diligence. Here are some factors to consider:
- License from the Financial Supervisory Authority or another European license: A broker should have a license from the FSA or another European regulatory authority, such as the CySEC or the FCA.
- Checking the register: Traders should verify a broker’s license by checking the FSA’s official company register or sending an email requiring further information.
- Price transparency: A broker should provide clear and transparent pricing, including spreads, commissions, and other fees.
- Reputation: A broker’s reputation is crucial, and traders should do thorough research online, reading reviews and testimonials from other traders.
By considering these factors, Swedish traders can identify reliable forex brokers that meet their needs and provide a safe and secure trading environment.
Are There Taxes on Profits from Forex Trading in Sweden?
Capital gains taxes apply on profits from forex trading in Sweden. The Swedish Tax Agency (Skatteverket) considers forex trading profits to be taxable income, and traders are required to report their profits on their tax returns. The tax rate on forex trading profits is a 30% flat rate, and traders should consult with a tax professional to ensure that they comply with the relevant tax regulations.
FAQs
What is the primary regulator of forex trading in Sweden?
The primary regulator of forex trading in Sweden is the Financial Supervisory Authority (Finansinspektionen), also known as the FSA. The FSA is an independent government agency responsible for regulating and supervising the Swedish financial markets, including forex trading. The FSA’s main objective is to ensure that financial markets operate in a fair, efficient, and transparent manner and that consumers are protected from potential risks and fraud.
The FSA is responsible for licensing and supervising forex brokers, as well as monitoring their activities to ensure compliance with relevant regulations and laws. The FSA also provides guidance and information to consumers about forex trading and the risks associated with it.
What forms of forex trading are legal in Sweden?
Spot trading, derivative trading, forex options, and futures are all legal forms of forex trading in Sweden.
Are binary options allowed in Sweden?
No, binary options are prohibited in Sweden due to their high-risk nature and potential for fraud.
How can I verify a forex broker’s license in Sweden?
You can verify a forex broker’s license by checking the FSA’s official company register or by sending an email to the regulator.
Are there taxes on profits from forex trading in Sweden?
Yes, there are taxes on profits from forex trading in Sweden, and traders are required to report their profits on their tax returns.
Conclusion
In conclusion, forex trading in Sweden is a regulated activity that is overseen by the Financial Supervisory Authority. Swedish traders can engage in various forms of forex trading, including spot trading, derivative trading, and forex futures. However, there are restrictions on currency trading, including a ban on binary options. The FSA regulates forex brokers and requires them to comply with a range of regulatory requirements, including negative balance protection, retail leverage limits, and investor compensation. By identifying reliable forex brokers and complying with the relevant tax regulations, Swedish traders can engage in safe and responsible trading practices.
Why You Should Trust RationalFX
When it comes to making informed decisions about forex brokers, it’s essential to rely on trustworthy sources. RationalFX, a company with over 17 years of experience since its founding in 2005, has established itself as a credible authority in the industry. With an impressive collection of over 2500 reviews on Trustpilot, boasting a score of 4.2, it’s clear that Rational FX has built a reputation for providing reliable and unbiased information.
What sets Rational FX apart is its rigorous evaluation process, which considers over 30 different criteria when selecting forex brokers. This comprehensive approach ensures that every aspect of a broker’s service is taken in consideration, including regulation, forex spreads, trading platforms, deposit methods, and reputation. With its wealth of experience, transparent review process, and outstanding customer feedback, Rational FX is a trusted source for anyone seeking reliable information on forex brokers. You can reach us via e-mail at [email protected] or contact us through our social media accounts here: Facebook, YouTube, or leave a feedback here.