Best Denmark Trading Platforms & Brokers Regulated by FSA

Written by Miro Nikolov

Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.

, | Updated: November 5, 2025

Our team of expert traders tested several regulated and trustworthy Denmark trading platforms and compiled a top list of the best. Each trading platform operating in Denmark received a quality score based on several factors, including Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service and more.

It is not unexpected that Scandinavian countries are known for their stable economies and high standard of living, and Denmark is no exception. The country ranks among the most socially and economically advanced nations and has a healthy regulatory framework regarding trading activities.

Much like the other Nordic countries, the financial regulations pertaining to trading activities in Denmark are exceptionally strict. As a result, the number of brokers willing to deal with customers from the jurisdiction is fairly limited. At the same time, traders benefit from increased security of their funds and can be confident in the solvency and trustworthiness of their chosen brokers.

Although trading activities are tightly regulated, this does not mean traders and investors are deterred. On the contrary, the country’s legislative framework is exceptionally hospitable to trading. Traders who are based in Denmark should not only take some time to find a top-level broker but should also acquaint themselves with the legislation regarding trading activities in the country and the limitations they might need to comply with.

Trading activities are booming in Denmark, and the number of brokers that turn their attention to Danes in spite of the tight regulations in place continues to increase. Finding a worthwhile Denmark-friendly broker will not be such a challenge, especially if traders know their needs and preferences. If traders think that they are prepared to start trading, they should take a look at our list of ten of the best brokers that accommodate clients from the jurisdiction.

Regulator	Danish Financial Supervisory Authority (FSA)
Maximum Leverage of Forex	1:30
Stock Trading Leverage	1:5
CFD Trading Leverage	1:20

The best Denmark brokers

In order for Danes to make the most out of their trading experience, they should first invest some time in finding a broker that meets all their requirements. There are several key Denmark-friendly broker selection criteria, and the range of offered markets and assets must be on the list of features traders should always look into.

Traders tend to regard pricing as a touchstone of trading and, because of this, they should always check whether the broker charges a commission and whether there are deposit, withdrawal or inactivity fees. Spreads should also be in traders’ focus during the decision-making process.

Naturally, while gauging the performance of their broker of choice, traders should also look into its licensing details and the security measures in place. The platforms used also play a central role and, depending on the broker, traders might be given a choice of cTrader, MetaTrader 4, MetaTrader 5, TradingView and others.

WebTrader and dedicated trading apps are also frequently offered by brokerage firms that cater to the market. Worthwhile Denmark-friendly brokers also tend to provide their clients with a variety of trading tools.

There are a few other key aspects traders should always consider, such as payments, the customer support team’s working hours and the available contact channels.

TRADE NOW READ REVIEW
Regulators
CySEC (Cyprus, # 092/08), FSCA (South Africa, # 46860)
Platforms
MetaTrader 4, MetaTrader 5, Proprietary Web, TradingView
1. Markets.com
Min Deposit
$100
Fees
€10 inactivity fee
No deposit and withdrawal fees
Deposit Methods
Commissions
No commission
Spread
EUR/USD: AVG 0.9 pips, GBP/USD: AVG 1.1 pips, USDJPY: AVG 0.9 pips
Withdrawal Methods

Leverage EU
1:294 (CySEC | Pro Account), 1:30 (CySEC | Retail Account)
Leverage non-EU
1:300 (FSCA)
Instruments
Bonds CFDs, Commodities CFDs, Crypto CFDs, ETF CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Share CFDs
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Traders from Denmark are spoiled for choice when it comes to brokers that cater to their jurisdiction, and Markets.com is among the most favored trading service providers. The broker seeks to reach a truly international customer base and, to this end, has acquired seals of approval from multiple authorities, including CySEC, FSC, FCA, ASIC, and FSCA, among others.
Trading with Markets.com comes with a number of benefits, and Danish traders might choose it over other brokers because it makes trading as straightforward as possible. Traders can strengthen their portfolios thanks to the intuitive calculators the broker offers.
With Markets.com, traders can enhance their skills and knowledge thanks to the comprehensive guides and webinars offered in the Education Centre. Seasoned traders, on the other hand, will benefit from news and analysis, ensuring they can always keep up with market changes and the reasons behind them.
While using the broker’s services, traders will have the opportunity to trade a wide range of financial instruments, as cryptocurrencies, forex, commodities, shares, indices, IPOs, ETFs, and bonds are all at their disposal.
The broker provides several excellent trading platforms for its clients to choose from, and depending on the securities they are interested in and their level of experience, traders can opt for MetaTrader 4 or MetaTrader 5. Trading on the go is also possible if traders download and install the dedicated apps for iOS- or Android-based devices, or simply use the web app.
To ensure that payments to and from traders’ accounts are as smooth and hassle-free as possible, Markets.com allows its clients to use multiple banking methods such as PayPal, Neteller, Visa, Skrill, Mastercard, and bank transfers.
With more than 15 years in business, the broker is aware that traders set great store by customer support and has therefore ensured that there will always be someone to rely on.
TRADE NOW READ REVIEW
Regulators
CFTC (United States, # 0509630), DFSA (United Arab Emirates, # F001780), FCA (United Kingdom, # 944492), FFAJ (Japan), FINMA (Switzerland, # IG Bank S.A.), FMA (New Zealand, # 684191), FSCA (South Africa, # 41393), JFSA (Japan, # 9010401051715), MAS (Singapore, # 1489), ASIC (Australia, # 515106), BaFin (Germany, # 148759), BMA (Bermuda, # 54814)
Platforms
L2 Dealer, MetaTrader 4, Proprietary Web, ProRealTime, TradingView
2. IG
Min Deposit
$50
Fees
1% charge for Visa and 0.5% charge for Mastercard
Deposit Methods

Commissions
2 cents per share
Spread
EUR/USD: AVG 1.13 pips, EUR/USD: MIN 0.6 pips, GBP/USD: AVG 2.38 pips, GBP/USD: MIN 0.9 pips, USDJPY: AVG 1.8 pips, USDJPY: MIN 0.7 pips
Withdrawal Methods

Leverage EU
1:222 (BaFin | Pro Account), 1:30 (BaFin | Retail Account), 1:30 (FCA | Retail Account)
Leverage non-EU
1:30 (ASIC | Retail Account), 1:200 (BMA | Retail Account)
Instruments
Bond Futures, Bond Options, Bond Spread Betting, Bonds CFDs, Commodities CFDs, Commodity Futures, Commodity Options, Commodity Spread Betting, Crypto CFDs, Crypto Options, Crypto Spread Betting, Currency Futures, Energy CFDs, Energy Futures, Energy Options, Energy Spread Betting, ETF CFDs, ETF Options, ETF Spread Betting, Forex CFDs, Forex Options, Forex Spread Betting, Index Futures, Index Options, Index Spread Betting, Indices CFDs, Interest Rate Futures, Metal Futures, Metal Options, Metals CFDs, Metals Spread Betting, Share CFDs, Stock CFDs, Stock Options, Stock Spread Betting, US Stock CFDs, US Stock Options, US Stock Spread Betting
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Options and turbo warrants are complex financial instruments and your capital is at risk. Losses may be extremely rapid.
IG is an award-winning broker that has been ahead of the curve since its establishment in 1973 and is now exceptionally popular with Danish traders. Its ever-increasing popularity can be attributed to the broker’s market-leading services; IG is known for its fast execution times, reliability, extensive selection of tradable assets, and enhanced security.
IG offers several account types designed to meet the trading priorities of all its clients and provides them with hassle-free access to hundreds of markets. Opening an IG account is quick and easy, and clients can practice trading with €10,000 in virtual funds.
The broker gives its clients access to more than 17,000 markets. Indices, shares, IPOs, ETFs, Forex, commodities, and cryptocurrencies are among the available options.
There are several ways to trade with IG, including options, spread betting, vanilla options, turbo24s, and barriers. In addition to its broad range of financial markets, the broker offers low margins and competitive fees, a suite of risk-management tools, and free educational support.
IG enables traders to seize every opportunity through cutting-edge platforms built around their needs; both MetaTrader 4 and ProRealTime are available. Clients can trade seamlessly, no matter the time or place, as IG provides award-winning mobile apps.
With IG, traders can be confident that their funds are protected, as they are kept in segregated accounts at regulated banks. If they have questions regarding the safety of their funds or any other aspect of their experience, they can always rely on the customer support team.
TRADE NOW READ REVIEW
Regulators
CNMV (Spain, # 40), CySEC (Cyprus, # 169/12), DFSA (United Arab Emirates, # F006316), FCA (United Kingdom, # 522157), FSCA (South Africa, # 49970), FSAN (Norway, # FT00118162), IFSC (Belize, # 000302/11), KNF (Poland), BaFin (Germany)
Platforms
xStation 5
3. XTB
Min Deposit
$250
Fees
SafetyPay – 1.5% of the deposited amount
Neteller – 1% of the deposited amount
Paysafe – 2% of your deposited amount
Deposit Methods
Commissions
No commission
Spread
EUR/USD: AVG 0.9 pips, GBP/USD: AVG 2.2 pips, USDJPY: AVG 1.4 pips
Withdrawal Methods

Leverage EU
1:200 (CySEC | Pro Account), 1:30 (CySEC | Retail Account), 1:30 (FCA | Retail Account)
Leverage non-EU
1:500 (IFSC | Retail Account)
Instruments
Commodities CFDs, Crypto CFDs, Energy CFDs, ETF CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Share CFDs, Stock CFDs, US Stock CFDs
Contracts for Difference ("CFDs") are leveraged products and carry a significant risk of loss to your capital, as prices may move rapidly against you and you may be required to make further payments to keep any trades open. These products are not suitable for all clients, therefore please ensure you fully understand the risks and seek independent advice.
One of the premium Forex and CFD brokerage groups much loved by Danish traders is XTB. The broker knows that being a successful trader is only possible when its clients use the right platform, which is why it gives them access to xStation 5, a powerful web-based trading platform.
The platform is designed to deliver premium results to traders of all experience levels and boasts best-in-class execution speed and user-friendliness. Aside from its simple and intuitive design, the platform provides access to more than 2,200 instruments. CFDs on forex, indices, cryptocurrencies, commodities, stocks, and ETFs are among the options available to XTB clients.
Customers of the brokerage can hold the world’s financial markets in their pockets, thanks to xStation’s mobile app. A web-based trading platform is also offered, and while using it, XTB clients can access a range of advanced tools. xStation’s clear charts allow traders to track every price movement and adapt their approach accordingly. The economic calendar prepares clients for upcoming macroeconomic events, while the built-in trading calculator makes it possible to estimate profits, losses, and costs before a position is even opened.
Clients can also begin trading for free and use the platform for 30 days without funding their accounts. When they are ready to trade with real funds, they can choose between a Standard or a Swap Free account.
With both account types, traders have access to the same range of instruments and pay no commission. However, the minimum spread differs, starting from 0.5 for Standard accounts and 0.7 for Swap Free accounts.
Finally, XTB is authorized by some of the world’s leading regulatory authorities and is licensed to operate across Europe.
TRADE NOW READ REVIEW
Regulators
CIRO (Canada), CySEC (Cyprus, # 347/17), FRSA (United Arab Emirates, # 190018), FFAJ (Japan, # 1574), FSCA (South Africa, # 45984), FSRA (Canada, # 190018), ISA (Israel, # 514666577), JFSA (Japan, # 1662), ASIC (Australia, # 406684), BVIFSC (Virgin Islands, British, # SIBA/L/13/1049), CBI (Ireland, # C53877)
Platforms
AvaOptions, DupliTrade, AvaSocial, MetaTrader 4, MetaTrader 5, AvaTadeGO, Proprietary Web, ZuluTrade
4. AvaTrade
Min Deposit
$100
Fees
€100 administration fee
€50 inactivity fee
Deposit Methods
Commissions
No commission
Spread
EUR/USD: AVG 0.8 pips, GBP/USD: AVG 1.2 pips, USDJPY: AVG 1.3 pips
Withdrawal Methods

Leverage EU
1:30
Leverage non-EU
1:400 (Pro Account), 1:30 (Standard Account)
Instruments
Bonds CFDs, Commodities CFDs, Crypto CFDs, Crypto Options, Energy CFDs, ETF CFDs, Forex CFDs, Forex Options, Index Options, Indices CFDs, Metals CFDs, Share CFDs, Stock CFDs, Stock Options, US Stock Options
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
AvaTrade might be the best choice for Danish traders who are on the lookout for a broker that combines everything. It is a provider of trading services with vast experience and has grown to prominence in multiple jurisdictions since its launch in 2006.
Along with Forex, AvaTrade offers an abundance of CFD instruments, including stocks, indices, bonds, ETFs, commodities, and cryptocurrencies. Traders may be happy to know that the broker allows them to amplify their market exposure by offering leveraged trading. As for trading conditions and charges, AvaTrade provides tight spreads, leverage of up to 1:30, zero commissions, and instant execution.
The brokerage provides a wide array of platforms suitable for traders of all levels, and, in addition to MetaTrader 4 and MetaTrader 5, customers can access AvaOptions and AvaTradeGO. These platforms enable traders to see all their trades at a glance and view live prices and charts both on their computers and on the go. The choice of automated trading platforms is by no means limited, and traders can choose from Capitalise.ai, DupliTrade, and AvaSocial.
In addition to offering a range of reliable platforms, the broker helps clients expand their horizons through educational materials and daily updates. A risk-free demo account is available for all traders who are not yet ready to create a live account and enter the markets.
Another reason why Danish traders might pick AvaTrade is that the broker offers uncompromising security, giving traders the peace of mind that their funds are well protected at all times. The broker also excels in customer care, and AvaTrade’s multilingual help desk is accessible by phone, email, and live chat.
TRADE NOW READ REVIEW
Regulators
CySEC (Cyprus, # 388/20), DFSA (United Arab Emirates, # F004356), FCA (United Kingdom, # 684312), FSAS (Seychelles, # SD108), SCB (Bahamas, # SIA-F217), ASIC (Australia, # 414530), BaFin (Germany, # 151148), CMA (Kenya, # 128)
Platforms
MetaTrader 4, MetaTrader 5, Proprietary Mobile, Proprietary Web
5. Pepperstone
Min Deposit
$0
Fees
No fees on deposits and withdrawals
Deposit Methods
Commissions
€2.60 per 1 standard FX lot per side for MT4/MT5
$3.00 per 1 standard FX lot per side for TradingView and cTrader
Spread
EUR/USD: AVG 1.1 pips, GBP/USD: AVG 1.3 pips, USDJPY: AVG 1.3 pips
Withdrawal Methods
Leverage EU
1:500 (CySEC | Pro Account), 1:30 (CySEC | Retail Account), 1:30 (FCA | Retail Account)
Leverage non-EU
1:500 (SCB | Pro Account), 1:30 (ASIC | Retail Account), 1:30 (DFSA | Retail Account), 1:200 (SCB | Retail Account)
Instruments
Commodities CFDs, Crypto CFDs, Energy CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Stock CFDs
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.7% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Pepperstone is a Denmark-friendly brokerage that was launched in 2010 by a team of experienced traders who were determined to improve online trading. Today, the broker provides top-quality trading services to its clients, and catering to so many markets is possible thanks to the multiple seals of approval Pepperstone has received.
The broker is authorized by CySEC, the FCA, BaFin, ASIC, DFSA, and SCB, and it seeks to give its clients peace of mind by ensuring that their funds are kept in segregated accounts with tier-1 banks.
The broker has been doing things right, and the slew of prestigious awards Pepperstone prides itself on proves this. With 1,200 instruments on offer and counting, Pepperstone gives its clients the opportunity to gain exposure to numerous markets around the globe while using reliable platforms and benefiting from lightning-fast execution. Customers of the brokerage are presented with a broad array of asset classes: Forex, shares, indices, currency indices, and commodities are all at their disposal.
With Pepperstone, traders are offered razor-sharp spreads, fast execution, and no dealing desk intervention. Yet clients of the brokerage should know that they will gain access to cryptocurrencies only after they acquire Pro status.
With Pepperstone, customers will enjoy the freedom to trade whenever they like, as the platforms on offer are available on Windows, Mac, iOS, and Android. Using WebTrader is another way to access all the markets on your portable or desktop device.
The broker gives its clients the chance to manage their trading risk effortlessly by using tools like Autochartist, Capitalise.ai, cTrader Automate, API trading, and more than 28 smart trading tools for MetaTrader, such as indicators and expert advisors.
Pepperstone offers a list of secure, fee-free funding and withdrawal methods to make sure that traders’ payments are executed without a hitch.
TRADE NOWREAD REVIEW
Regulators
Cyprus Securities and Exchange Commission
Jordan Securities Commission (JSC)
Financial Conduct Authority (FCA) – registration number 595450
Financial Sector Conduct Authority
Platforms
MetaTrader 4
MetaTrader 5
WebTrader
Admirals mobile apps
6. Admirals
Min Deposit
$/€1 and $/€100, depending on the account type and the used platform
Fees
No fees on deposits
Traders can request one fee-free withdrawal per month
10 EUR (per month)
Deposit Methods
Commissions
TradeMT5:
Single Share & ETF CFDs - from 0.02 USD per share
Zero.MT5:
Forex & Metals - from 1.8 to 3.0 USD per 1.0 lots 3
Cash Indices - from 0.05 to 3.0 USD per 1.0 lots 3
Energies - 1 USD per 1.0 lots 3
Invest.MT5
Stocks & ETFs - from 0.02 USD per share
TradeMT4:
Single Share & ETF CFDs - from 0.02 USD per share
ZeroMT5:
Forex & Metals - from 1.8 to 3.0 USD per 1.0 lots 3
Cash Indices - from 0.05 to 3.0 USD per 1.0 lots 3
Energies - 1 USD per 1.0 lots
Spread
From 0.5 Trade.MT5 and Trade.MT4
0.0 for Invest.MT5, Zero.MT5, and Zero.MT4
Withdrawal Methods
Leverage EU
Forex:
Retail Clients: 1:30 - 1:20 2
Professional Clients: 1:500 - 1:10
Indices:
Retail Clients: 1:20 - 1:10 2
Professional Clients: 1:500 - 1:10
Leverage non-EU
1:1000
Instruments
Indices, Forex, commodities, stocks, bonds, ETFs, and cryptocurrencies
Investments involve risks and are not suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Operating since 2001, Admirals is a broker that constantly seeks to extend its reach and expand its customer base. Currently, the brokerage serves a wide range of jurisdictions, including Denmark, thanks to approvals from the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority.
The number of Danish traders choosing Admirals is increasing all the time, and one reason for its growing popularity is the sheer variety of securities the broker offers. The markets traders can gain exposure to include cryptocurrencies, bonds, stocks, ETFs, forex, commodities, and indices. Admirals allows its clients to benefit from leverage of up to 1:30 in any market direction, enabling them to seize more opportunities thanks to the increased purchasing power.
The broker offers various trading accounts for MetaTrader 4 and MetaTrader 5 to ensure that all traders’ needs are met. Along with these platforms, the broker has introduced dedicated apps for mobile devices running on iOS and Android that are exceptionally easy to use.
The apps allow traders to access an extensive product offering in the palm of their hands wherever they go. Clients of the brokerage can start trading forex and CFDs directly from the browser of their computers, tablets, or smartphones. Additionally, while using MetaTrader’s WebTrader version, traders can take advantage of a demo account with EUR 10,000 in virtual funds.
Clients of the brokerage can learn everything they need to know about trading CFDs and investing in stocks through comprehensive courses, webinars, and free sessions with experts. Admirals is a broker with a global presence that has built a reputation for reliability and trustworthiness, and it provides its customers with additional insurance coverage of up to EUR 100,000. In addition to this, all clients’ funds are kept in segregated accounts at Tier 1 banks.
If Admirals’ clients have questions about their payments, the available platforms, or the markets on offer, they can submit their queries via email, live chat, or phone.
TRADE NOW READ REVIEW
Regulators
FSAS (Seychelles, # SD096), VFSC (Vanuatu, # 40256), ASIC (Australia, # 385620)
Platforms
cTrader, DupliTrade, Fusion+ Copy Trading, MetaFX, MetaTrader 4, MetaTrader 5, TradingView
7. Fusion Markets
Min Deposit
$0
Fees
No fees on deposits
Deposit Methods

Commissions
$4.50 USD equivalent per 1 standard lot (round turn) or equivalent ($4.50 per round turn)
Spread
EUR/USD: AVG 0.93 pips, GBP/USD: AVG 1 pips, USDJPY: AVG 1.7 pips
Withdrawal Methods

Leverage EU
1:30
Leverage non-EU
1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:500 (VFSC | Retail Account)
Instruments
Commodities CFDs, Crypto CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Stock CFDs
All financial products involve risk and you should ensure you understand the risk involved as certain financial products may not be suitable for everyone. Trading in margin foreign exchange and derivatives carries a high level of risk and you may incur a loss that is far greater than the amount you invested. Past performance of any product described on this website is not a reliable indication of future performance. Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Before acting on any information or advice on this website, you should consider the appropriateness of it (And any relevant product) having regard to your circumstances and we recommend that you seek independent financial advice if necessary.
There are plenty of Danish-friendly brokers, and Fusion Markets is among the brokerages that garner the most attention. Before they choose to create an account with the brokerage firm, traders should be aware that Fusion Markets operates under licenses from the Financial Services Authority (FSA), the Australian Securities and Investment Commission (ASIC), and the Vanuatu Financial Services Commission (VFSC).
The broker seeks to ensure that accessing the world’s markets is easy, and depending on their trading goals, traders can gain exposure to commodities, equity indices, share CFDs, precious metals, forex, and energy. The available platforms include MetaTrader 4 and its most recent version, MetaTrader 5.
The broker is celebrated for its ultra-low costs, and if traders want to get used to the platforms, they can first register for a demo account. The most popular account type with traders is the Zero account, and it comes with an industry-leading commission of AUD 4.50 and spreads starting from 0.0 pips.
This account type is better suited for users of the brokerage who are not complete novices to trading and who trade more actively. The Classic account may be right up beginners’ alley, as it offers zero commission and spreads starting from 0.9 pips.
Payments to and from Fusion Markets are completed quickly and without trouble when using payment processors such as Neteller, Skrill, MasterCard, Visa, and bank transfers. Another great benefit of trading with Fusion Markets is that no extra fees are charged on deposits. To make its services as accessible as possible, the broker has not introduced a minimum deposit requirement.
Customers of the brokerage who have not yet gotten used to trading, or those who want to sharpen their skills and knowledge, can use the resources available in the blog.
TRADE NOW READ REVIEW
Regulators
CySEC (Cyprus, # 371/18), FSAS (Seychelles, # SD130), FSCA (South Africa, # 50926), SCB (Bahamas), ASIC (Australia, # 286354), FSCM (Mauritius, # GB21026264)
Platforms
cTrader, IRESS, MetaTrader 4, MetaTrader 5, TradingView
8. FP Markets
Min Deposit
$50 (AU$100)
Fees
No fees on deposits
Deposit Methods
Commissions
Commission per lot (USD)
$3.0 (Each way) for Raw accounts
Zero commission for Standard accounts
Spread
EUR/USD: AVG 1.2 pips, GBP/USD: AVG 1.4 pips, USDJPY: AVG 1.5 pips
Withdrawal Methods
Leverage EU
1:500 (CySEC | Pro Account), 1:30 (CySEC | Retail Account)
Leverage non-EU
1:30 (ASIC | Retail Account), 1:500 (FSAS | Retail Account)
Instruments
Commodities CFDs, Crypto CFDs, Energy CFDs, Forex CFDs, Indices CFDs, Metals CFDs, Stock CFDs
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.39% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FP Markets is a one-stop destination for seasoned traders and complete novices who want to ensure they are trading with a reliable and trustworthy CFD and Forex broker. To meet the needs of traders of all experience levels, the broker allows them to choose between two of the most popular trading platforms: MetaTrader 4 and MetaTrader 5.
The broker also ensures that its clients have a sufficiently broad range of markets to choose from; depending on their trading goals, they can trade Forex, cryptocurrencies, ETFs, metals, commodities, indices, and shares.
With more than 60 FX pairs in all the major currencies, CFDs on stock exchanges and indices across three continents, metals such as gold and silver quoted against the U.S. Dollar or Australian Dollar, and major global stock indices, FP Markets gives its clients access to some of the most popular markets, competitive leverage, and premium trading platforms.
The brokerage offers several account types designed to meet the needs of every trader. Depending on whether they open a Standard or Raw account, traders can access leverage of up to 1:30, spreads starting from 0.0 or 1.0 pips, and zero commissions. New clients can also get comfortable by first using a demo account.
Funds can be deposited and withdrawn through a wide array of banking methods, ensuring that even first-time FP Markets users can move money to and from their accounts with ease. Payments can be made via Neteller, Giropay, Visa, Skrill, Mastercard, PayPal, and bank transfer, and no additional fees are charged on deposits.
The quickest way to withdraw funds is to use one of the supported digital wallets. Most payout methods are free, but withdrawals via Neteller or Skrill incur a 1% fee (capped at 30 USD).
FP Markets’ customer support is also commendable. Whenever traders need assistance, they can reach the team by phone, email, or live chat. Support is available around the clock, and for general inquiries, traders can consult the detailed FAQ page.
TRADE NOW READ REVIEW
Regulators
VFSC (Vanuatu, # 40256), ASIC (Australia, # 385620)
Platforms
MetaTrader 4
9. Global Prime
Min Deposit
$0
Fees
No deposit and withdrawal fees
Deposit Methods
Commissions
$3.5 for Raw accounts
No commission for Standard accounts
Spread
EUR/USD: AVG 1.04 pips, GBP/USD: AVG 1.3 pips, USDJPY: AVG 1.32 pips
Withdrawal Methods
Leverage EU
1:30
Leverage non-EU
1:500 (ASIC | Pro Account), 1:30 (ASIC | Retail Account), 1:500 (VFSC)
Instruments
Commodities CFDs, Forex CFDs, Indices CFDs, Metals CFDs
Trading derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Any Information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs. Past performance of any product described on this website is not a reliable indication of future performance. You should consider whether you’re part of our target market by reviewing our Target Market Determination, and read our PDS and other legal documents to ensure you fully understand the risks before you make any trading decisions. We encourage you to seek independent advice if necessary.
Global Prime is a Danish-friendly brokerage that became a success almost immediately after its launch in 2010. The breadth of markets traders can access may be the biggest incentive to join the brokerage, as it covers more than 150 global markets.
It is hardly a coincidence that the broker’s customer base continues to grow, as Global Prime allows its clients to execute their trades on MetaTrader 4 and MetaTrader 5. The broker’s commitment to enhancing its services is obvious, as cTrader and TradingView will soon be added to its lineup of trading platforms.
The broker not only seeks to meet the requirements of savvy traders but also wants to ensure that the services on offer pass muster for total novices, and the available account types prove this. Offering personalized customer support, tight spreads, and order-execution speeds as fast as 10 ms, Global Prime ensures that premium trading services are delivered to all its clients.
Hedging, scalping, and EAs are allowed regardless of whether traders choose a Raw or a Standard account. If traders find it challenging to decide which account type best suits their needs, they can gain first-hand experience by using the demo account.
Regardless of the account type selected, traders can choose the euro as their base account currency. The payment methods available to Danish traders are varied, and deposits and withdrawals can be made via digital wallets like PayPal, Neteller, and Skrill, credit/debit cards, and bank transfers.
Another great benefit of joining Global Prime’s community is that traders can start trading with as little capital as they wish. Trust is key when it comes to trading, and Global Prime is undoubtedly a reliable broker, as it operates under licenses from ASIC and VFSC.
TRADE NOW READ REVIEW
Regulators
CySEC (Cyprus, # 278/15), DFSA (United Arab Emirates, # F007663), FCA (United Kingdom, # 717270), FSAS (Seychelles, # SD008), FSCA (South Africa, # FSP 49464)
Platforms
MetaTrader 4, MetaTrader 5, Proprietary Mobile, Proprietary Web
10. Tickmill
Min Deposit
$100
Fees
No transfer fees for deposits and cashouts
Deposit Methods
Commissions
Zero commission for Classic accounts
2 per side per 100,000 traded for Pro accounts
1 per side per 100,000 traded for VIP accounts
Spread
EUR/USD: AVG 1.7 pips, EUR/USD: AVG 0.1 pips, GBP/USD: AVG 1.9 pips, GBP/USD: AVG 0.3 pips, USDJPY: AVG 1.7 pips, USDJPY: AVG 0.1 pips
Withdrawal Methods
Leverage EU
1:500 (CySEC | Pro Account), 1:500 (FCA | Pro Account), 1:30 (CySEC | Retail Account), 1:30 (FCA | Retail Account)
Leverage non-EU
1:1000 (FSAS)
Instruments
Bonds CFDs, Commodities CFDs, Crypto CFDs, Forex CFDs, Indices CFDs, Stock CFDs
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with Tickmill Europe Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Tickmill is one of the many Denmark-friendly providers of financial services, but the broker has a number of features that make it a cut above many of its rivals. The broker serves traders from more than 200 countries, including Denmark, which demonstrates its superiority.
Tickmill is an award-winning brokerage firm that gives its clients access to a broad array of tradable instruments such as commodities, stocks, cryptocurrencies, forex, stock indices, and bonds. Another standout feature of the brokerage is the sheer diversity of tools on offer. Market sentiment indicators, Autochartist, forex calculators, an economic calendar, an earnings calendar, and a signal center are only some of the tools traders can put to good use.
It only takes three simple steps to join the broker’s community, and once they do, traders can choose among three account types. The broker promises to offer its clients premium trading conditions regardless of whether they choose to open a Pro, VIP, or Classic account. Becoming a professional trader is attainable through Tickmill’s services, and clients of the brokerage can also opt for Islamic or demo accounts.
In an attempt to provide traders with a world-class trading experience, Tickmill puts the ultimate platforms at their disposal. Depending on their trading style and the tools they want to access, traders can choose between MT4 and MT5. The maximum leverage retail clients are offered is 1:30, while professional clients can access leverage of 1:300.
One of Tickmill’s priorities is safeguarding traders’ funds, and for this reason, client funds are held in segregated bank accounts. The broker’s reliability and trustworthiness are also among the reasons why traders might prefer it over other Denmark-oriented brokers. The licenses the broker operates under are granted by authorities such as the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), the Financial Sector Conduct Authority (FSCA), and the Seychelles Financial Services Authority (FSA), among others.

Trading regulation in Denmark

Much like its neighbouring countries, Denmark also has a tight grip on trading activities. The rules governing these activities are determined by European Union law, as Denmark has been a member state since 1973.

To welcome traders from Denmark, brokers need to acquire a licence from the local regulatory authority, the Finanstilsynet. The Danish Financial Supervisory Authority (DFSA) is part of the Ministry of Economic and Business Affairs and oversees and regulates all financial markets in the country. The DFSA was created in 1988 after the merger of the Insurance Supervisory Authority and the Supervisory Authority for Banks and Savings Banks.

The financial undertakings under its oversight include pension and insurance companies, mortgage-credit institutions, banks and others. Among the authority’s primary tasks is to guarantee that each institution has sufficient own funds to cover its risks (supervision of solvency).

Another important supervisory activity of the authority is to oversee the securities markets within Denmark. The regulator ensures that listed companies abide by the requirements to make public inside information. Supervision of the stock market is also among the authority’s responsibilities. In case of market abuse, the Danish FSA has the power to intervene. In addition to its supervisory activities, the authority also plays a part in drafting financial legislation.

Due to the strict control over the financial sector, Danish traders can access all markets with full peace of mind that they will get adequate protection, no matter whether they trade CFDs, stocks or forex. Additionally, Danes can be confident in the reliability and solvency of their chosen broker.

In reality, the brokers that have acquired a licence from the DFSA are thin on the ground, and to make sure that a brokerage firm is licensed by the regulatory authority, traders should check its register or inspect the licensing details provided on the broker’s website. The good news is that even if the broker traders are about to join has not obtained a licence from the Danish FSA, they can still access its services. Because of EU rules and regulations, Danes can trade with brokers that are licensed and regulated in other member states.

As an EU member, Denmark is required to abide by the rules set out in the Markets in Financial Instruments Directive 2004/39/EC. The directive was in force from 31 January 2007 to 2 January 2018 and was considered one of the most important pieces of legislation regarding financial markets. The main purpose of the directive was to coordinate and harmonise the rules governing investment services and activities across the member states. To achieve this, all member states were required to set up an authorisation system that would allow investment firms to operate freely throughout the EU.

The directive on markets in financial instruments was introduced to achieve two main objectives: promoting efficient, fair, transparent and integrated financial markets, and safeguarding market integrity and protecting investors. To ensure market integrity and transparency, financial firms are required to report all transactions and keep a record of them. What MiFID achieved was to increase competition between investment firms, guarantee greater choice and lower prices for investors.

In 2018, the Markets in Financial Instruments Directive (MiFID) II was introduced to replace the directive presented in 2004. MiFID II plays a key role in shaping the rules under which brokers may offer trading services, as the directive introduced limits on the maximum leverage that can be offered to traders.

Forex trading regulation in Denmark

With the advent of forex trading, such activities were also brought under the oversight of the FSA. It is unlikely that Danes will face difficulties when accessing the foreign exchange market, as exposure to it is legal in the country. Trading forex is permitted in Denmark and is tightly regulated; brokers must abide by rules regarding the upper limit on leverage.

The ceiling on leverage ranges between 1:30 and 1:2, and the limits on position opening depend on the volatility of the underlying asset. Owing to legislative changes introduced in 2018, the maximum leverage brokers can offer forex traders is 1:30. This leverage applies only to major currency pairs; for minor pairs, it cannot exceed 1:20. The leverage allowed for major equity indices is also capped at 1:20.

An important thing to keep in mind is that although Denmark is a member of the EU, its official currency is the krone, as the country is not within the Eurozone.

Stock trading regulation in Denmark

In spite of the fact that Denmark does not have a reputation for being a great trading nation, the number of Danes who have entered the stock market and begun trading over the past few years has risen sharply.

Denmark’s main stock exchange is Nasdaq Copenhagen A/S, which is part of the Nasdaq Nordic Group. The latter also has exchanges in Iceland, the Baltics, Norway, Finland and Sweden and operates two equity markets, including Nasdaq Copenhagen (Main Market) and Nasdaq First North Growth Market Denmark (First North). The former is regulated by the EU and governed both locally and in accordance with European legislation. The market is divided into three segments determined by the market capitalisation of the issuer.

The latter is a multilateral trading facility (MTF) where mainly smaller, growth companies are listed. When compared to Nasdaq Copenhagen’s main market, Nasdaq First North Growth Market Denmark’s rulebook for issuers of shares has lighter requirements regarding disclosure obligations, free float, corporate governance reporting and applied accounting principles, among others.

Spotlight Stock Market, previously known as Aktietorget, is the Swedish marketplace for smaller companies looking to raise capital. In 2018, the MTF created a Danish list, where local companies can be listed in the local currency. The Spotlight Stock Market falls under the oversight of the Swedish Financial Supervisory Authority.

CFD trading regulation in Denmark

The Danish FSA works actively to maintain high CFD trading standards, and traders in the jurisdiction have access to an extensive list of brokers that allow them to trade CFDs on a wide range of underlying assets.

As with forex, Danes who prefer to trade CFDs also face limits on the maximum leverage brokers can offer. Thus, when trading commodities with a broker authorised in an EU member state, the maximum leverage is 1:10. This does not apply to gold, whose leverage is capped at 1:20.

Danes who want to trade cryptocurrencies are limited to 1:2 leverage, while the ceiling brokers can offer on individual equities and any underlying not otherwise mentioned is 1:5.

Becoming a professional trader is associated with various benefits, and increased leverage is not the only one, as the above-mentioned limits apply only to retail clients. Yet, becoming a professional trader is not easy, and Danes need to fulfil various requirements regarding the value of their investment portfolio, experience and the number of trades per quarter they need to execute.

To qualify for professional status, traders’ investment portfolio must exceed €500,000, and they need to work or have previous experience in the financial sector for a minimum of one year. Additionally, traders are required to execute an average of 10 trades per quarter on the relevant market.

Under the legislative changes presented in 2018, brokers that cater to Danes and to traders from other EU member states are not allowed to introduce bonuses or other special offers that incentivise Danes and residents of other member states to trade.

The negative balance protection ensures that traders will not lose more funds than the total amount they have invested. Margin close-out rules also need to be in place across Denmark-friendly brokers. If brokers are licensed and regulated to operate in an EU member state, they are required to provide a standard risk warning that indicates what percentage of CFD traders lose money.

In the past few years, ESMA and other authorities became increasingly concerned about the popularity, sale, marketing and distribution of binary options. Because of this, a binary options prohibition was introduced. It is important to note that professional traders are not in the scope of the prohibition.

Depending on their broker of choice, traders who meet the eligibility criteria might also be offered access to the Financial Ombudsman Service (FOS).

Denmark Trading Regulation FAQ

1. Is trading legal in Denmark?

2. What financial instruments are typically offered to Dans?

3. Does the Danish Financial Supervisory Authority have a register of all licensed brokers?

4. Why is the leverage capped in the Denmark-friendly brokers?

5. Are Denmark-friendly brokers allowed to offer binary options?

Funding and withdrawing from a Denmark trading account

Being able to deposit and withdraw their funds on their own terms is of paramount importance for traders, and because of this, all worthwhile brokers seek to ensure that their clients can manage their funds effectively. To achieve this, Denmark-friendly brokers tend to offer an array of easy-to-use, secure and time-efficient deposit and cash-out options.

The range of offered deposit and cash-out methods differs substantially, and on top of card payments, traders are also normally allowed to deposit and withdraw funds using digital wallets. Bank transfers are also available on the banking pages of many brokers that welcome traders from the jurisdiction.

The extra fees that payments might incur are another thing traders should always investigate and, while most Denmark-friendly brokers do not charge additional fees on deposits and cash-outs, the sending or corresponding bank, or the digital wallet provider, might apply fees according to its own fee structure.

Another thing Danes should bear in mind when they join the community of a new brokerage and are about to make a payment is that no transactions made via third-party sources are allowed.

Depositing

Worthwhile brokers that cater to Denmark can be easily distinguished from other brokerage firms, and one of their distinctive traits is that they make the transfer of funds to their clients’ accounts smooth. Most brokers seek to ensure that traders’ deposits are reflected in their accounts as soon as possible, but Danes should remember that the payment processor they settle on will affect the wait times.

Another important thing to keep in mind is that, normally, traders will benefit from instant account funding, provided that their base account currency is the same as the currency in which they are about to make the payment. Thus, if a currency conversion is required, the deposit wait times might be longer.

As for the transaction limits, with some brokerage firms, traders will be required to comply with minimum deposit requirements only on their first transaction. Yet, there are also brokers that allow their clients to transfer as much money to their accounts as they prefer.

On most occasions, traders’ deposits will fall under the broker’s zero-fee policy, provided the amount is within preset limits; otherwise, traders will need to pay additional costs. Speaking of fees, brokers normally cover them, provided they do not exceed the preset upper limit, which usually stands at €100.

Common Deposit Methods Offered by Denmark-Friendly Brokers
Payment Method	Usual Deposit Limits	Usual Deposit Timeframes	Usual Fees
Visa	€50-€500 minimum deposit	Instant	No extra fees
Mastercard	€50-€500 minimum deposit	Instant	No extra fees
Bank transfer	€50-€500 minimum deposit	Instant	Varies between brokers
PayPal	€50-€500 minimum deposit	Instant	No extra fees
Neteller	€50-€500 minimum deposit	Instant	No extra fees
Skrill	€50-€500 minimum deposit	Instant	No extra fees

Withdrawing

Withdrawals are also made quick and easy by brokers, but there are a few things traders should be aware of before they attempt to cash out their funds. Before traders proceed with their cash-outs, they should bear in mind that their payments will be processed back to the payment method they initially used to deposit. If traders fund their accounts with a credit or debit card, they will not be allowed to withdraw an amount larger than the sum they deposited.

If the payment processor traders want to use is Neteller or Skrill, traders are advised to check whether the broker applies extra charges. Although the fee traders might face is normally a percentage of the withdrawn amount, most brokers tend to impose an upper limit on the extra charges their clients will face. Naturally, there are also Denmark-friendly brokers that do not charge additional fees when traders decide to cash out their funds.

When the time comes to withdraw their funds, traders should keep in mind that the finance departments of brokerage firms may not operate throughout the entire week, which might result in further delays. The most time-consuming payment method is bank transfer, and withdrawals requested via this method might take up to 10 days to clear. If traders want to reduce wait times, they should consider using digital wallets, as withdrawals through them might take up to one day.

Common Withdrawal Methods Offered by Denmark-Friendly Brokers
Payment Method	Usual Withdrawal Limits	Usual Withdrawal Timeframes	Usual Fees
Bank transfer	€100-no upper limit	2 to 10 days	Varies between brokers
Visa	€5-no upper limit	Up to 3 days	No extra charges
Mastercard	€5-no upper limit	Up to 3 days	No extra charges
Neteller	€5-no upper limit	Up to 1 day	Varies between brokers
PayPal	€5-no upper limit	Up to 1 day	Free of charge
Skrill	€5-no upper limit	Up to 1 day	Varies between brokers

Denmark trading platforms

While comparing the best brokers that welcome traders from Denmark, traders should also make sure that the platform they choose is the most appropriate for their needs and requirements. The features differ greatly between platforms; while some are better suited to traders interested in the foreign exchange market, others work better for those trading different assets.

Another aspect of the available platforms Danes should consider is that while some platforms are designed for total novices, others are more suitable for traders with greater experience under their belts. The trading tools on offer also differ considerably between platforms. Some of the trading platforms Danes are most commonly offered include cTrader, TradingView, MetaTrader 4, MetaTrader 5 and ProRealTrader. StereoTrader and IRESS might also be available.

cTrader

cTrader cTrader is one of the most popular trading platforms among Danes, and the reasons why it is so widely chosen are numerous. The platform is designed to make trading as easy and effective as possible, and because of this, traders are given instant access to all available options and tools from its main page. The platform is designed to fulfil the requirements of forex and CFD traders, no matter whether they prefer to use their mobile or desktop devices to trade.

The platform has dedicated apps for Android and iOS, available on the App Store and Google Play. These apps offer a premium mobile trading experience and give traders access to all order types, trade statistics, price alerts, technical analysis tools, advanced order management tools and symbol watchlists, among others. While using the platform, Danes will benefit from five chart types, 16 chart drawings, five chart view options and over 60 popular technical indicators.

The relatively new trading platform is preferred by Danish traders also because of its ultra-fast order execution capabilities. Besides, cTrader is a no-dealing-desk trading platform, meaning that traders are provided with unfiltered access to interbank market rates of exchange. Market sentiment is also on offer.

The desktop version of the platform consists of four basic software applications, including Automate, Copy, Trade and Analyse, and these are all accessible from the main menu of the platform.

To provide maximum protection of traders’ accounts, the platform comes with a Smart Stop Out logic, which has replaced cTrader’s Fair Stop Out logic. On top of this, the platform offers Level II pricing and complete transparency of the liquidity of each currency pair by unveiling the available volumes at all times.

TradingView

TradingView is another trading platform commonly offered by Denmark-friendly brokers. It is a supercharged charting platform designed to meet the requirements of investors and traders alike. It is easy to see why TradingView is so preferred by Danes, as the platform makes it exceptionally easy to gain exposure to various assets like indices, bonds, stocks, cryptocurrencies, forex and futures. The platform is simple for beginners and effective for technical analysis experts.

The number of TradingView users exceeds 50 million, which goes to prove that the platform performs exceptionally well. The platform is incredibly user-friendly, and traders will have the opportunity to complete any action they prefer in the blink of an eye by using the global command search. Traders can access the trading platform directly from their browser or via desktop or mobile apps.

The platform provides customisable time intervals, including seconds. Additionally, Danish traders will benefit from 15 (and counting) chart types, and they can open up to eight of them in a single tab. TradingView users will never miss a trade, thanks to the powerful, easy-to-use and flexible trading alerts.

While trading with TradingView, Danes will benefit from an economic calendar, which ensures that they will always be able to keep up with key economic events. Traders can also put their own strategies, or the ready-made ones, through their paces directly on their chart. Pine Script™ allows for flexible and easy creation of strategies and customisation.

Another reason why traders might prefer TradingView is that they are allowed to access an extensive volume of fundamental data for all major stock exchanges. Total novices can start trading small, thanks to Paper Trading, and once they gain enough confidence, they can start trading directly on the charts.

TradingView’s programming language Pine Script™ allows traders to write and share their own strategies and indicators with ease.

MetaTrader 5

MetaTrader 5 is a state-of-the-art multi-functional trading platform that ranks exceptionally high on the lists of investors and traders from various parts of the globe, Denmark included. MetaTrader 5 is the more powerful release of MetaTrader 4, and it contains all the features traders might enjoy in its predecessor but boasts enhanced functionality. The platform delivers enhanced user-friendliness, and its users can access all the trading functions in one menu. If they prefer, traders can place the commands they use most often right on the toolbar.

The platform boasts advanced technical tools, automated trading systems and copy trading, and is easily accessible on portable and desktop devices alike. Aside from the dedicated apps, traders can get instant and problem-free access to the platform and its features using the web app.

When compared to MetaTrader 4, the newer version is designed to accommodate advanced trading across a considerably wider selection of asset classes, as it offers forex, cryptocurrencies, commodities, shares, indices and ETFs.

The platform boasts six order types, news streaming, built-in MT5 and MQL5 help guides, three chart types with direct trading from them, as well as an internal mailing system. The platform also facilitates inter-account funds transfer, 38 built-in indicators, 37 graphical objects and trading history information.

MT5 is also preferred by Danish traders for its unmatched security: all information transferred on the platform is compressed and encrypted using 128-bit encryption keys.

Best Denmark Trading Platforms