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Best Denmark Trading Brokers

The Best Denmark BrokersIt is not unexpected that Scandinavian countries are best known for their stable economies and high standard of living, and Denmark is not an exception. The country ranks among the most socially and economically forward countries and has a healthy regulatory framework regarding trading activities.

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

Although trading activities are tightly regulated in the country, this is not to say that traders and investors will be scared away. It is just the other way around as the country’s legislative frame is exceptionally hospitable regarding 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 Dans in spite of the tight regulations in place does not cease 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.
RegulatorDanish Financial Supervisory Authority (FSA)
Maximum Leverage of Forex30:1
Stock Trading Leverage5:1
CFD Trading Leverage20:1

The Best Denmark Brokers

The Best Denmark BrokersIn order for Dans 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 are there deposit, withdrawal, and inactivity fees. Spreads should also be in traders’ focus of attention during the decision-making.

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 used platforms also play a central role, and depending on the broker, traders might be given a choice from cTrader, MetaTrader 4, MetaTrader 5, TradingView, and others.

WebTrader and dedicated trading apps are also frequently offered by the brokerage firms that cater to the market. The worthwhile Denmark-friendly brokers are also in the habit of giving their clients a choice from various trading tools.

There are a few other key aspects traders should always pay enough attention to like payments, the working hours of the customer support team, as well as the ways in which they can be contacted.

Trading Regulation in Denmark

Trading Regulation in DenmarkMuch like its neighboring countries, Denmark also has a tight grip on trading activities. The rules according to which such activities are offered in the country are determined by the European Union laws, as Denmark has been on the list of member states since 1973.

To welcome traders from Denmark, brokers need to acquire a license 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. DFSA was introduced in 1988 as a result of the merger of the Insurance Supervisory Authority and the Supervisory Authority for Banks and Savings Bank.

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

Another important supervisory activity of the authority is to oversee the securities markets within Denmark. What the regulator does is to ensure that listed companies abide by the requirements to make public internal knowledge. The supervision of the stock market area is also among the responsibilities the authority has. 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 while financial legislation is drawn up.

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 if trading CFDs, stocks, or Forex is what they have on their minds. Additionally, Dans can be satisfied with the reliability and solvency of their broker of choice.

In reality, the brokers that have acquired a license from the DFSA are thin on the ground, and to make sure that the 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 acquired a license from the Danish FSA, they can still access its services. Because of the EU rules and regulations, Dans 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 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 harmonize the rules governing investment services and activities across the member states. To achieve this, all member states were required to set up an authorization system that will allow investment firms to operate freely in the EU member states.

The directive on markets in financial instruments was introduced to achieve two main objectives, including promoting efficient, fair, transparent, and integrated financial markets, as well as 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 the competition between investment firms, guarantee a greater choice, and lower prices for investors.

In 2018, Markets in Financial Instruments Directive (MiFID) 2 was introduced in order to replace the directive presented in 2004. MiFID 2 has a key role in forming the rules according to which trading services can be offered by brokers as the directive introduced rules regarding the maximum leverage that can be offered to traders.

Forex Trading Regulation in Denmark

Forex Trading Regulation in DenmarkWith the advent of Forex trading, such activities were also brought under the oversight of the FSA. It is unlikely that Dans will face difficulties if they attempt to access the foreign exchange market, as getting exposure to it is legal in the country. Trading Forex is permitted in Denmark, and tightly regulated and brokers need to abide by a set of rules regarding the upper limit on leverage.

The ceiling on the leverage brokers can introduce ranges between 30:1 and 2:1, and the limits on the opening of a position are determined by the volatility of the underlying asset. Owing to the legislative changes that were brought about in 2018, the maximum leverage brokers can offer to Forex traders is 30:1. This leverage only applies to major currency pairs, and when minor currency pairs are concerned, the introduced leverage cannot exceed 20:1. The leverage allowed for major equity indices is also capped at 20:1.

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.

Stocks Trading Regulation in Denmark

Stocks Trading Regulation in DenmarkIn spite of the fact that Denmark does not have a reputation for being a great trading nation, the number of Dans who have entered the stock market and began trading over the past few years is heavily on the rise.

Denmark’s main stock exchange is Nasdaq Copenhagen A/S that is part of 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 capitalization of the issuer.

The latter is a multilateral trading facility (MTF) where mainly smaller companies, including growth ones, are added. 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 market place for smaller companies looking to raise their 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.

CFDs Trading Regulation in Denmark

CFDs Trading Regulation in DenmarkThe Danish FSA works actively towards accomplishing the highest CFDs trading standards, and traders from the jurisdiction are presented with an extensive list of brokers that allow them to go for trading CFDs on many underlying assets.

As was the case with Forex, Dans who prefer to trade CFDs will also face limits on the maximum leverage they can be offered by brokers. Thus, the maximum leverage traders can be offered while using the services of a broker authorized in an EU member state while trading commodities is 10:1. This does not apply to gold as the upper limit introduced for the leverage at which the precious metal can be traded is 20:1.

Dans who want to trade cryptocurrencies will get a maximum leverage of 2:1, while the ceiling on the leverage brokers can offer individual equities and any underlying not otherwise mentioned is 5:1.

Becoming a professional trader is associated with various benefits, and increased leverage is not the only one of them, as the above-mentioned limits only apply to retail clients. Yet, becoming a professional trader is not that easy, and Dans need to fulfill 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 go over €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 that were presented in 2018, brokers that cater to Dans and to traders from other EU member states are not allowed to introduce bonuses or other special offers that incentivize Dans 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 the 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 CFDs traders lose money.

In the past few years, ESMA and other authorities became increasingly concerned about the increase in the popularity, sale, marketing, and distribution of binary options. Because of this, a binary options prohibition was introduced. It is important to note that the 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 Financial Ombudsman Services (FOS).

Denmark Trading Regulation FAQ

1. Is trading legal in Denmark?

Yes. Trading activities are subject to strict regulations in Denmark, and traders can engage in such with the peace of mind that they will not break the law.

2. What financial instruments are typically offered to Dans?

The range of financial instruments traders will be given access to vary wildly between the Denmark-friendly brokers, and other than Forex, they tend to allow them to trade derivatives. Such are introduced for a wide array of underlying assets, among which are commodities, stocks, indices, and precious metals, among others.

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

Yes. Dans can easily check whether their broker of choice is licensed by the DFSA in their register. Another way to ensure that the broker has the approval of the regulatory authority is to check the information at the bottom of its landing page or see whether there is a specifically designed section for licensing information.Another thing to consider is that although it is recommendable for brokers to get the approval of the Danish regulator, this is not mandatory in order to cater to Dans. Even if the broker is authorized in another member state, traders can still freely access it.

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

The restrictions imposed on leverage were brought about a couple of years ago as a result of ESMA’s growing concerns regarding the marketing, distribution, and sale of CFDs to retail clients. After the restrictions were imposed, the offered leverage can range between 2:1 and 30:1 depending on the underlying assets’ volatility.

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

One of the product intervention measures the European Securities and Markets Authority introduced in 2018 was a blanket ban on the marketing, distribution, and sale of binary options.

Funding and Withdrawing from Denmark Trading Account

Funding and Withdrawing from Denmark Trading AccountBeing 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 will be able to manage their funds effectively. To achieve this, the Denmark-friendly brokers tend to offer an array of easy-to-use, secure, and time-efficient deposit and cashout options.

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

The extra fees payments might incur are one more thing traders should always inquire into, and while most Danish-friendly brokers do not charge extra fees on deposits and cashouts, the sending and corresponding bank or the digital wallet provider might apply extra fees according to its own fee structure.

Another thing Dans 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.


DepositingThe worthwhile brokers that cater to Denmark can be easily distinguished from the other brokerage firms, and one of their distinctive traits is that they make the transfers of funds to their clients’ accounts smooth sailing. Most brokers seek to ensure that traders’ deposits will be reflected in their accounts as soon as possible but Dans should remember that the payment processor they will settle on will have an impact on 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.

Another thing traders should bear in mind is that on most occasions, traders’ deposits will only be included in the broker’s zero policies, given that the amount falls within preset limits. Otherwise, traders will need to pay additional costs. Speaking of fees, brokers normally cover them up, provided that they do not go over the preset upper limit that normally stands at €100.
Common Deposit Methods Offered by Denmark-Friendly Brokers
Payment MethodUsual Deposit LimitsUsual Deposit TimeframesUsual Fees
VisaBetween €50 and €500 minimum deposit amountInstantNo extra fees
MastercardBetween €50 and €500 minimum deposit amountInstantNo extra fees
Bank transferBetween €50 and €500 minimum deposit amountInstantVaries between brokers
PayPalBetween €50 and €500 minimum deposit amountInstantNo extra fees
NetellerBetween €50 and €500 minimum deposit amountInstantNo extra fees
SkrillBetween €50 and €500 minimum deposit amountInstantNo extra fees


WithdrawingWithdrawals 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 cashouts, they should bear in mind that their payments will be processed back to the banking option they initially used for depositing. If traders prefer to use their credit or debit card to fund their accounts, when the time comes to make a cashout, they will not be allowed to withdraw an amount than is larger than the one 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 the brokerage firms might not operate throughout the whole week, which might result in further delays. The most time-taking payment method is bank transfer, and cashouts requested through it might take up to 10 days to clear. If traders want to reduce the wait times, they should consider switching to digital wallets as withdrawals through them might take up to one day.

Common Withdrawal Methods Offered by Denmark-Friendly Brokers
Payment MethodUsual Withdrawal LimitsUsual Withdrawal TimeframesUsual Fees
Bank transfer€100 – no upper limit2 to 10 daysVaries between brokers
Visa€5- no upper limitUp to 3 daysNo extra charges
Mastercard€5- no upper limitUp to 3 daysNo extra charges
Neteller€5- no upper limitUp to 1 dayVaries between brokers
PayPal€5- no upper limitUp to 1 dayFree of charge
Skrill€5- no upper limitUp to 1 dayVaries between brokers

Denmark Trading Platforms

Denmark Trading PlatformsWhile comparing the best brokers that welcome traders from Denmark, traders should also make sure that the platform they will choose to use is the most appropriate for their needs and requirements. The features traders will benefit from differ greatly between the platforms they can make use of, and while some are better-suited to traders who are interested in the foreign exchange market, others will work better for traders who want to opt for trading other assets.

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


cTraderOne of the most popular trading platforms among Dans is cTrader and the reasons why the platform is so chosen by traders from the jurisdiction are aplenty. 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 fulfill the requirements of Forex and CFDs traders, no matter whether they prefer to use their mobile or desktop devices to trade.

The platform has dedicated apps that are installable on portable devices running on Android and iOS that are available on the App Store and Google Play. These apps offer 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, Dans will benefit from five chart types, 16 chart drawings, five chart view options, and over 60 popular tedhnical indicators.

The moderately 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 will be provided 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 analyze 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 the cTrader’s Fair Stop Out logic. On top of this, the platform provides Level II pricing and provides complete transparency of the liquidity of each currency pair by unveiling the available volumes all the time.


TradingViewTradingView is one more trading platform that is commonly introduced by Denmark-friendly brokers. It is a supercharged super-charting platform that is designed to meet the requirements of investors and traders alike. It is easy to see why TradingView is so preferred by Dans as the palfrom makes it exceptionally easy to get 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 using the global command search. Traders can get access to the trading platform straight from the browser of their devices or using desktop or mobile apps.

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

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

Another reason why traders might prefer TradingView is that they will be 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 5MetaTrader 5 is a state-of-the-art trading 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 of its predecessor traders might enjoy but boasts enhanced functionality. The platform delivers enhanced user-friendliness to its users can access all the trading functions in one menu. If they prefer, traders can place the commands they place most often right on the toolbar.

The platform boasts advanced technical tools, auto 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 gives a choice from Forex, cryptocurrencies, commodities, shares, indices, and ETF.

The platform boasts six order types, news streaming, built-in MT5 and MQL5 help guides, three charts and 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 preferred by Danish traders also because of its unmatched security, and all information that is transferred on the platform is compressed and encrypted using 128-bit encryption keys.

Denmark Trading FAQ

1. How can I get assistance while trading online?

Typically, the brokers that welcome traders from Denmark make sure that help will always be close at hand whenever their clients need such. When traders need assistance, they can usually forward their queries via live chat, email, and by phone. Another distinctive trait of the worthwhile brokers is that they offer comprehensive FAQ sections.

2. What account types do brokers offer to Danish traders?

The range of account types traders are allowed to take advantage of depends exclusively on the broker traders prefer to use. Occasionally, Denmark-friendly brokers introduce various account types to ensure that expert traders and total novices will have their needs satisfied.If traders wonder whether they should first create a demo account, they should be in the know that this is a fantastic tool to get a feel for the brokerage firm. Additionally, in this way, traders will be able to put their strategy through its paces and further develop their skills without adding funds to their real-money balance.

3. Are Dans allowed to handle their payments using digital wallets?

Although the range of banking solutions traders will be allowed to use is not the same for all Denmark-friendly brokers, many brokerages that welcome Dans allow them to make deposits and withdrawals using digital wallets like Neteller, PayPal, and Skrill.

4. Do Denmark-friendly brokers allow their clients to execute their payments in krones?

The brokers that allow their customers to make deposits and cashouts in krone are far and few between, and the lion’s share of the brokerage firms that cater to the market will offer them the chance to set up their accounts and make payments in euro.

5. Do the brokers that cater to Dans allow trading on the move?

Today, all brokers seek to meet the requirements of clients who want to have the opportunity to trade no matter the time or the place. Depending on the brokerage firm, traders might be given this opportunity using tailor-made apps for devices running on Android and iOS or through web apps.