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: October 30, 2024

Our team of expert traders tested several regulated and trustworthy Denmark trading platforms and compiled a toplist with the best among them. 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 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.

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

The Best Denmark Brokers

In 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.

TRADE NOWREAD REVIEW
Regulators
CySEC under license no. 092/08
Platforms
MetaTrader 4
MetaTrader 5
WebTrader
1. Markets.com
Min Deposit
€100
Fees
€10 inactivity fee
No deposit and withdrawal fees
Deposit Methods
Commissions
No commission
Spread
Depends on the instrument
Withdrawal Methods
Leverage EU
30:1
Leverage non-EU
300:1
Instruments
Forex, shares, bonds, commodities, indices, ETFs, cryptocurrencies, IPO
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 in terms of brokers that cater to their jurisdiction, and markets.com is on the list of the most favored trading services providers. The broker seeks to reach a truly international customer base and to this end has acquired seals of approval from multiple authorities, including CySEK, FSC, FCA, ASIC, and FSCA, among others.
Trading with markets.com comes with a number of benefits, and Danish traders might pick it over other brokers because the broker makes trading as straightforward as it can be. Traders can strengthen their portfolios, thanks to the intuitive calculators the broker offers.
With markets.com, traders can maximize their skills and knowledge, thanks to the comprehensive guides and webinars that are on offer in the Education Centre. Seasoned traders, on the other hand, will benefit from news and analysis, thus ensuring that they can always keep up with the market changes and the causes of these movements.
While using the services of the broker, traders will have the opportunity to trade more than enough financial instruments as cryptocurrencies, Forex, commodities, shares, indices, IPO, ETFs, and bonds are all at hand.
The broker provides some excellent trading platforms for its clients to pick from, and depending on the securities they are interested in and whether they are practiced, traders can go for MetaTrader 4 and MetaTrader 5. Trading no matter the place is also possible if traders download and install the dedicated apps for iOS and Android-based devices or make use of the web app.
To make sure that payments to and from traders’ accounts will be as smooth and hassle-free as possible, markets.com allows its clients to make use of multiple banking methods like PayPal, Neteller, Visa, Skrill, Mastercard, and bank transfers.
With more than 15 years in business, the broker is aware that traders set a great store by the offered customer support, and because of this has ensured that there will always be someone to rely on.
TRADE NOWREAD REVIEW
Regulators
Financial Conduct Authority
Bundesanstalt für Finanzdienstleistungsaufsicht and Deutsche Bundesbank
Platforms
ProRealTime
MetaTrader 4
WebTrader
2. IG
Min Deposit
No minimum amount for bank transfers
€50 for card payments
Fees
1% charge for Visa and 0.5% charge for Mastercard
Deposit Methods
Commissions
2 cents per share
Spread
0.1 points on commodities
0.8 points on major indices
from 0.6 points on key FX pairs
Withdrawal Methods
Leverage EU
30:1
Leverage non-EU
200:1
Instruments
Shares, commodities, Forex, ETFs, indices, bonds, IPO
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 now, it is exceptionally popular with Danish traders. Its ever-increasing popularity is to be ascribed to the market-leading services the broker offers, and IG makes waves with its fast execution times, reliability, extensive choice of tradable assets, and increased security.
IG offers a choice of several account types to meet the trading priorities of all its clients and provides them with problem-free access to hundreds upon hundreds of markets. Opening an IG account is quick and easy and the best thing is that clients of the brokerage can practice trading with €10,000 of virtual funds.
The broker offers a massive range of markets for its clients to decide between as they can deal on more than 17,000 markets. Indices, shares, IPO, ETFs, Forex, commodities, and cryptocurrencies are on the list of options traders are presented with.
The ways to trade with IG are quite the few as there are options, spread betting vanilla options, turbo24s, and barriers. In addition to the extensive array of covered financial markets, clients of the brokerage are offered low margins and competitive charges, a range of risk management tools, and free educational support.
The broker makes it possible for traders to seize all their opportunities, thanks to cutting-edge platforms that are built around their needs and requirements as MetaTrader 4 and ProRealTime are both on offer. Clients of the brokerage can deal seamlessly, no matter the time or the place as IG has award-winning trading apps for portable devices.
With IG, traders can be sure that their funds are always protected as they are kept in segregated accounts at regulated banks. If traders still have questions regarding the safety of their funds or any other aspect of their experience, they can always rely on the customer support hosts.
TRADE NOWREAD REVIEW
Regulators
Financial Conduct Authority in the United Kingdom
Comisión Nacional del Mercado de Valores in Spain
Komisja Nadzoru Finansowego (KNF) in Poland
Platforms
xStation 5
3. XTB
Min Deposit
No minimum deposit amount
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
0.5 minimum spread for Standard
0.7 minimum spread for Swap Free accounts
Withdrawal Methods
Leverage EU
30:1
Leverage non-EU
500:1
Instruments
Indices, commodities, Forex, stocks, ETFs
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 CFDs brokerage groups that are much loved by Danish traders is XTB. The broker knows that being a successful trader is only possible if its clients use the right platform and because of this gives them access to xStation 5, which is 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 gives traders access to 2,200 instruments and counting. CFDs for Forex, indices, cryptocurrencies, commodities, stocks, and ETFs are on the roster of options clients of XTB are presented with.
Customers of the brokerage can hold the world’s financial markets in their pockets, thanks to xStation’s mobile app. A web trade platform is also on offer, and while using it, XTB clients will access a range of advanced tools. xStation’s clear charts allow traders to track each price movement and thus adapt their approach. The economic calendar prepares clients of the brokerage for all upcoming macroeconomic events, while the built-in trading calculator makes it possible to estimate the profits, losses, and costs before they have even opened a position.
Clients of the brokerage can also get started with their trading experience for free and use its services for 30 days without being required to load their accounts with cash. When they are ready to immerse themselves in trading and top up their accounts, clients of the brokerage can go for a Standard or Swap Free account.
With both account types, traders will be offered the same range of instruments and will not face a commission. Yet, the minimum spread differs and starts from 0.5 for Standard and 0.7 for Swap Free accounts.
Last but not least, XTB is authorized by some of the biggest regulatory authorities in the world and is licensed to operate in Europe.
TRADE NOWREAD REVIEW
Regulators
Central Bank of Ireland (No.C53877)
B.V.I Financial Services Commission (No. SIBA/L/13/1049)
ASIC (No.406684)
South African Financial Sector Conduct Authority (FSCA No.45984)
Financial Services Agency (License No.: 1662
Financial Regulatory Services Authority (FRSA) (No.190018)
Cyprus Securities and Exchange Commission (No. 347/17)
Israel Securities Authority (No. 514666577)
Platforms
MetaTrader 4
MetaTrader 5
WebTrader
AvaOptions
AvaTradeGO
Automated Trading - AvaSocial, DupliTrade, and Capitalise.ai
4. AvaTrade
Min Deposit
€100
Fees
€100 administration fee
€50 inactivity fee
Deposit Methods
Commissions
No commission
Spread
From 0.9 pips
Withdrawal Methods
Leverage EU
30:1
Leverage non-EU
400:1
Instruments
Forex, stocks, bonds and treasuries, ETFs, energies, precious metals, agriculture, indices, cryptocurrencies
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 that has grown to prominence in multiple jurisdictions after its launch in 2006.
Along with Forex, AvaTrade also offers an abundance of CFDs instruments, including stocks, indices, bonds, ETFs, commodities, and cryptocurrencies. Traders might be happy to know that the broker gives them the chance to amplify their exposure to the markets as leveraged trading is on offer. As for the trading conditions and charges, AvaTrade offers tight spreads, leverage of up to 30:1, no commission, and instant execution.
The brokerage offers a wide array of platforms suitable for traders of all levels, and along with MetaTrader 4 and MetaTrader 5, customers of the brokerage can access AvaOptions and AvaTradeGO. These platforms make it possible for traders to see all their trades at a glance and view live prices and charts on their computers and while being out and about. The choice of automated trading platforms is not at the least limited, and while using the brokerage, traders can pick from Capitalise.ai, DupliTrade, and AvaSocial.
In addition to offering a number of platforms their clients can trust, the broker also gives them the opportunity to expand their horizons, thanks to the educational materials and daily updates. A risk-free demo account is on offer 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, thus giving traders the peace of mind that their funds are well protected at all times. Another department in which the broker delivers is customer care, and AvaTrade’s multilingual help desk is accessible by phone, email, and live chat.
TRADE NOWREAD REVIEW
Regulators
Cyprus Securities and Exchange Commission (Licence Number 388/20)
FCA, BaFin, ASIC, DSFA and SCB
Platforms
cTrader
TradingView
MetaTrader 4
MetaTrader 5
5. Pepperstone
Min Deposit
No minimum deposit
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
from 0.0 pip
Withdrawal Methods
Leverage EU
30:1
Leverage non-EU
500:1
Instruments
Currency indices, shares, Forex, commodities, cryptocurrencies, ETFs, and indices
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 bound and determined to better 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.
The broker is authorized by the CySec, FCA, BaFin, ASIC, DSFA and SCB and seeks to give its clients the peace of mind that their funds are properly protected as they are kept in segregated bank accounts with tier 1 banks.
The broker has been doing things right, and the slew of prestigious awards Pepperstone prides itself over go to prove this. With 1,200 instruments on offer and counting, Pepperstone gives its clients the opportunity to get exposure to a number of markets across the globe while using reliable platforms and benefit from lightning-fast execution. Customers of the brokerage are presented with an array of asset classes as 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 only get access to cryptocurrencies, provided that they acquire a Pro status.
With Pepperstone, its customers will enjoy the freedom to trade whenever they feel like it, as the platforms on offer are available on Windows, Mac, iOS, and Android. Using WebTrader is one more way to get access to all the markets on your portable or desktop device.
The broker gives its clients the chance to manage their trading risk without effort while using tools like Autochartist, Capitalise.ai, cTrader Automate, API trading, and more than 28 smart trading tools for MetaTrader like indicators and expert advisors.
Pepperstone offers a list of secure and fee-free funding and withdrawal methods to make sure that traders’ payments will be 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
1000:1
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 caters to an array of jurisdictions, including Denmark, through stamps of approval from the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority.
The number of Danish traders who pick Admirals is escalating all the time, and one of the causes for its growing popularity is the sheer variety of securities the broker has introduced. The markets traders can get exposure to include cryptocurrencies, bonds, stocks, ETFs, Forex, commodities, and indices. Admirals allows its clients to benefit from leverage of up to 30:1 in any market direction and take even more opportunities, thanks to their increased funds.
The broker offers various trading accounts for MetaTrader 4 and MetaTrader 5 to see to it that all requirements and needs of traders will be met. Along with these platforms, the broker has also introduced dedicated apps for handheld devices running on iOS and Android that are exceptionally easy to use.
The apps allow traders to hold 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 make use of a demo account with EUR 10,000 in virtual funds.
Clients of the brokerage can learn everything they need about trading CFDs and investing in stocks, thanks to the comprehensive courses, webinars, and free sessions with experts, among others. Admirals is a broker with a global presence that has made a name for itself with reliability and trustworthiness and provides its customers with an extra funds insurance coverage of up to 100,000 EUR. In addition to this, all clients’ funds are kept in segregated accounts in Tier 1 banks.
In case clients of Admirals have questions regarding their payments, the platforms on offer, or the available markets, they can always forward their queries via email, live chat, or by phone.
TRADE NOWREAD REVIEW
Regulators
Securities Dealer by the Financial Services Authority of Seychelles with license number SD096
VFSC
Australian Financial Services License No. 226199
Platforms
MetaTrader 4
MetaTrader 5
DupliTrade
Fusion+
WebTrader
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
Starts from 0.9 for Classic accounts
Starts from 0.0 pips for Zero accounts
Withdrawal Methods
Leverage EU
30:1
Leverage non-EU
For Pro accounts
Forex & Metals: 500:1
Index CFDs: 100:1
Cryptocurrencies: 10:1
Instruments
Commodities, Forex, energies, precious metals, equity indices, and share 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 is an adequate variety of Danish-friendly brokers, and Fusion Markets is among the brokerages that garner 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 getting access to the world’s markets is a walk in the park, and depending on their trading goals, traders might choose to get exposure to commodities, equity indices, share CFDs, precious metals, Forex, and energy. The choice of offered platforms includes 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 that start from 0.0 pips.
This account type is better suited for users of the brokerage who are not total novices to trading and are more active. The Classic account might be right up to the alley of beginners as it comes with zero commission and spreads that start from 0.9 pips.
Payments to and from Fusion Markets are completed quickly and with no trouble while using payment processors like 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 account size.
Customers of the brokerage who have not yet gotten used to trading or want to sharpen up their skills and knowledge using the resources in the blog.
TRADE NOWREAD REVIEW
Regulators
CySEC
Platforms
MetaTrader 4
MetaTrader 5
8. FP Markets
Min Deposit
50 USD / EUR / GBP for Raw and Standard accounts
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
From 0.0 pips
Withdrawal Methods
Leverage EU
30:1
Leverage non-EU
500:1
Instruments
Indices, commodities, Forex, cryptocurrencies, shares, metals, and ETFs
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 total novices who want to make sure that they are trading with reliable and trustworthy CFDs and Forex broker. To comply with the requirements of traders of all experience levels, the broker allows them to decide between two of the most chosen trading platforms, namely MetaTrader 4 and MetaTrader 5.
The broker also wants to make sure that there will be a good-enough range of markets for its clients to decide between, and depending on their trading goals, clients of the brokerage can go for Forex, cryptocurrencies, ETFs, metals, commodities, indices, and shares.
With over 60+ fx pairs in all the major currencies, CFDs on stock exchanges and indices across 3 continents, metals including gold or silver against the US Dollar or Australian Dollar, and major global stock indices, FP Markets allows its clients to get exposure to some of the most preferred markets at competitive leverage and while using premium trading platforms.
The brokerage has introduced several account types that should comply with the requirements of all traders, and depending on whether they will decide to create a Standard or a Raw account, traders will get leverage of up to 30:1, spreads from 0.0 pips or 1.0 pips, and no commission. Clients of the brokerage will find it easy to settle in as FP Markets allows them to make use of a demo account.
Funds can be deposited and withdrawn through a wide array of banking methods, thus ensuring that even first-time users of FP Markets will be able to move their funds to and from their accounts like clockwork. Payments can be completed through Neteller, Giropay, Visa, Skrill, Mastercard, PayPal, and bank transfer, and when depositing, traders will not face extra charges.
The most time-efficient way to withdraw your funds from your account is to make use of one of the supported digital wallets. With most cashout methods, traders will not face extra charges, but if they prefer to use Neteller or Skrill, a fee of 1% (capped at 30 USD) will be applied.
The customer support of FP Markets is also up to snuff, and whenever traders need assistance, they can get such by phone, email, or live chat. The support team is available around the clock, but if traders’ query is general, they should take a look at the detailed FAQ page.
TRADE NOWREAD REVIEW
Regulators
VFSC
Platforms
MetaTrader 4
MetaTrader 5
cTrader
TradingView
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
From 0.9 Pips for Standard
From 0.0 pips for Raw accounts
Withdrawal Methods
Leverage EU
30:1
Leverage non-EU
100:1 on Forex and metals
Instruments
Forex, indices, cryptocurrencies, bonds, and commodities
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 range of markets traders can get exposure to might be the biggest impetus to join the community of the brokerage firm as the covered global markets exceed 150.
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 the offered services is obvious, as cTrader and TradingView will soon be added to the line-up of covered trading platforms.
The broker not only seeks to fulfill the requirements of savvy traders but wants to ensure that the offered services pass the mustard also for total novices, and the presented account types go to prove this. Offering personalized customer support, tight spreads, and fast execution on their orders as low as 10s, Global Prime ensures that premium trading services will be offered to all their clients.
Hedging, scalping, and EAs are allowed no matter if traders will choose to use a Raw or a Standard account. In case traders find it challenging to decide which account type suits their needs and requirements, they can have a first-time experience using the demo account.
Regardless of the account type traders will opt for, they will be allowed to pick euro as their base account currency. The payment methods Danish traders can make use of are varied enough, and deposits and withdrawals can be executed 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 are allowed to start trading with as little as they desire. Trust is key when it comes to trading, and Global Primer is undoubtedly a reliable broker as it operates under licenses from ASIC and VFSC.
TRADE NOWREAD REVIEW
Regulators
Cyprus Securities and Exchange Commission
UK Financial Conduct Authority
Dubai Financial Services Authority
Seychelles Financial Services Authority (FSA)
Financial Sector Conduct Authority (FSCA)
Platforms
MetaTrader 4
MetaTrader 5
10. Tickmill
Min Deposit
€100
No minimum deposit for VIP accounts
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
1.6 pips for Classic accounts
From 0.0 pips for Pro and VIP accounts
Withdrawal Methods
Leverage EU
30:1
Leverage non-EU
300:1
Instruments
Forex, bonds, indices, stocks, stock indices, cryptocurrencies
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 services traders from over 200 countries, among which is Denmark, which goes to prove its superiority.
Tickmill is an award-winning brokerage firm that gives its clients access to a sufficient array of tradable instruments like commodities, stocks, cryptocurrencies, Forex, stock indices, and bonds. Another standout feature of the brokerage is the sheer diversity of tools on offer. Market sentiment, Autochartist, Forex calculators, economic calendar, earnings calendar, and signal center are only some of the tools traders can turn to their good use.
It only takes three simple steps to join the broker’s community, and when they choose to join the action, traders can decide between three account types. The broker promises to offer its clients premium trading conditions, no matter if they prefer to create a Pro, VIP, or Classic account. Becoming a professional trader is attainable while using the services of Tickmill, and clients of the brokerage can also go for Islamic and demo accounts.
In an attempt to provide traders with a world-class trading experience, Tickmill brings the ultimate platforms to their disposal. Depending on their trading style and the tools they want to gain access to, traders can go for MT4 or MT5. The maximum leverage retail clients are offered is 30:1, while professional clients will get leverage of 300:1.
One of Tickmill’s priorities is to safely hold traders’ funds, and because of this, their clients’ 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 like Cyprus Securities and Exchange Commission (CySEC), Financial Conduct Authority (FCA), Financial Sector Conduct Authority (FSCA), and Seychelles Financial Services Authority (FSA), among others.

Trading Regulation in Denmark

Much 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

With 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

In 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

The 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?

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 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 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.

Depositing

The 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 Method	Usual Deposit Limits	Usual Deposit Timeframes	Usual Fees
Visa	Between €50 and €500 minimum deposit amount	Instant	No extra fees
Mastercard	Between €50 and €500 minimum deposit amount	Instant	No extra fees
Bank transfer	Between €50 and €500 minimum deposit amount	Instant	Varies between brokers
PayPal	Between €50 and €500 minimum deposit amount	Instant	No extra fees
Neteller	Between €50 and €500 minimum deposit amount	Instant	No extra fees
Skrill	Between €50 and €500 minimum deposit amount	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 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 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 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.

cTrader

cTrader One 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.

TradingView

TradingView 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 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.

Best Denmark Trading Platforms