Best Forex Brokers Denmark 2023
Denmark’s main stock market is The Copenhagen Stock Exchange (CSE), or Københavns Fondsbørs in Danish. The exchange has been officially named the Nasdaq Copenhagen since 2014 and is among the Nasdaq Nordic Exchanges.
The CSE provides an international market for listing Danish securities. Its product range includes Danish stocks, indexes, bonds, notes, treasury bills, financial futures and options. The exchange also has an exchange-traded fund and product (ETF/ETP) section, and it lists a variety of investment funds as well.
The primary stock market index for the CSE is the OMX Copenhagen 25 Index which consists of a weighted market value index made up of 25 Danish blue chip stocks. In addition, the KAX Index or OMX Copenhagen Index is the CSE’s capitalization-weighted all share index that started with a base value of 100 on December 31st of 1995.
Forex traders will probably be familiar with the Danish krone (DKK), Denmark’s national currency. The krone is divided into 100 smaller units known as øre. The krone is currently pegged to the European Union’s euro (EUR) after the country rejected membership in the Eurozone via a referendum held in 2000.
The Bank for International Settlements (BIS) ranked the Danish krone as the 21st most actively traded currency in 2016, composing about 0.8% of the overall forex turnover. Furthermore, the krone did not rank among the most popular currencies kept as reserves by central banks in 2018 as per the International Monetary Fund (IMF).
The primary Danish financial sector regulator is the Danish Financial Supervisory Authority (FSA). This regulator helps promote confidence in Danish financial markets by overseeing financial corporations. Moreover, any forex broker or financial institution needs to be registered with and authorized by the Danish FSA before operating in Denmark.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.Best Online Brokers for Denmark
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IG
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FOREX.com
- XTB - 9/10 Overall
- eToro - 8.8/10 Overall
- AvaTrade - 8.6/10 Overall
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FXCM
- Plus500 - 8.5/10 Overall
- XM Group - 8.4/10 Overall
- Pepperstone - 8.4/10 Overall
- Admiral Markets - 8.3/10 Overall
- IC Markets - 8.2/10 Overall
- Tickmill - 8.0/10 Overall
- BlackBull Markets - 7.9/10 Overall
- HFM - 7.8/10 Overall
- HYCM (Henyep) - 7.7/10 Overall
Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Average Spread EUR/USD - Standard | 0.86 |
All-in Cost EUR/USD - Active | 0.5957 |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | No |
Visa/Mastercard (Credit/Debit) | Yes |
Year Founded | 1974 |
Publicly Traded (Listed) | Yes |
Bank | Yes |
Tier-1 Licenses | 7 |
Tier-2 Licenses | 2 |
Forex Trading (Spot or CFDs) | Yes |
Mobile Trading - Forex or CFDs | Yes |
Tradeable Symbols (Total) | 19537 |
Forex Pairs (Total) | 100 |
Bitcoin | Yes |
Virtual Trading (Demo) | Yes |
MetaTrader 4 (MT4) | Yes |
MetaTrader 5 (MT5) | No |
Proprietary Platform | Yes |
Social Trading / Copy Trading | Yes |
Charting - Indicators / Studies (Total) | 33 |
Android App | |
Apple iOS App | Yes |
Education (Forex or CFDs) | Yes |
Daily Market Commentary | Yes |
Forex News (Top-Tier Sources) | Yes |
Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Average Spread EUR/USD - Standard | 1.0 |
All-in Cost EUR/USD - Active | 1.0 |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | No |
Visa/Mastercard (Credit/Debit) | Yes |
Year Founded | 1999 |
Publicly Traded (Listed) | Yes |
Bank | No |
Tier-1 Licenses | 4 |
Tier-2 Licenses | 2 |
Forex Trading (Spot or CFDs) | Yes |
Mobile Trading - Forex or CFDs | Yes |
Tradeable Symbols (Total) | 5500 |
Forex Pairs (Total) | 91 |
Bitcoin | Yes |
Virtual Trading (Demo) | Yes |
MetaTrader 4 (MT4) | Yes |
MetaTrader 5 (MT5) | Yes |
Proprietary Platform | Yes |
Social Trading / Copy Trading | No |
Charting - Indicators / Studies (Total) | 203 |
Android App | |
Apple iOS App | Yes |
Education (Forex or CFDs) | Yes |
Daily Market Commentary | Yes |
Forex News (Top-Tier Sources) | Yes |
Economic Calendar | Yes |

Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Average Spread EUR/USD - Standard | 1.07 |
All-in Cost EUR/USD - Active | 1.04 |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Year Founded | 2002 |
Publicly Traded (Listed) | Yes |
Bank | No |
Tier-1 Licenses | 1 |
Tier-2 Licenses | 3 |
Forex Trading (Spot or CFDs) | Yes |
Mobile Trading - Forex or CFDs | Yes |
Tradeable Symbols (Total) | 12000 |
Forex Pairs (Total) | 57 |
Bitcoin | Yes |
Virtual Trading (Demo) | Yes |
MetaTrader 4 (MT4) | Yes |
MetaTrader 5 (MT5) | No |
Proprietary Platform | Yes |
Social Trading / Copy Trading | Yes |
Charting - Indicators / Studies (Total) | 39 |
Android App | |
Apple iOS App | Yes |
Education (Forex or CFDs) | Yes |
Daily Market Commentary | Yes |
Forex News (Top-Tier Sources) | Yes |
Economic Calendar | Yes |

Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Average Spread EUR/USD - Standard | 1 |
All-in Cost EUR/USD - Active | N/A |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Year Founded | 2007 |
Publicly Traded (Listed) | No |
Bank | No |
Tier-1 Licenses | 2 |
Tier-2 Licenses | 1 |
Forex Trading (Spot or CFDs) | Yes |
Mobile Trading - Forex or CFDs | Yes |
Tradeable Symbols (Total) | 3458 |
Forex Pairs (Total) | 49 |
Bitcoin | Yes |
Virtual Trading (Demo) | Yes |
MetaTrader 4 (MT4) | No |
MetaTrader 5 (MT5) | No |
Proprietary Platform | Yes |
Social Trading / Copy Trading | Yes |
Charting - Indicators / Studies (Total) | 66 |
Android App | |
Apple iOS App | Yes |
Education (Forex or CFDs) | Yes |
Daily Market Commentary | Yes |
Forex News (Top-Tier Sources) | No |
Economic Calendar | Yes |

Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Average Spread EUR/USD - Standard | 0.92 |
All-in Cost EUR/USD - Active | 0.61 |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Year Founded | 2006 |
Publicly Traded (Listed) | No |
Bank | No |
Tier-1 Licenses | 4 |
Tier-2 Licenses | 4 |
Forex Trading (Spot or CFDs) | Yes |
Mobile Trading - Forex or CFDs | Yes |
Tradeable Symbols (Total) | 1260 |
Forex Pairs (Total) | 55 |
Bitcoin | Yes |
Virtual Trading (Demo) | Yes |
MetaTrader 4 (MT4) | Yes |
MetaTrader 5 (MT5) | Yes |
Proprietary Platform | Yes |
Social Trading / Copy Trading | Yes |
Charting - Indicators / Studies (Total) | 80 |
Android App | |
Apple iOS App | Yes |
Education (Forex or CFDs) | Yes |
Daily Market Commentary | Yes |
Forex News (Top-Tier Sources) | Yes |
Economic Calendar | Yes |
Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Average Spread EUR/USD - Standard | 1.38 |
All-in Cost EUR/USD - Active | 1.38 |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Year Founded | 1999 |
Publicly Traded (Listed) | Yes |
Bank | No |
Tier-1 Licenses | 3 |
Tier-2 Licenses | 3 |
Forex Trading (Spot or CFDs) | Yes |
Mobile Trading - Forex or CFDs | Yes |
Tradeable Symbols (Total) | 440 |
Forex Pairs (Total) | 41 |
Bitcoin | Yes |
Virtual Trading (Demo) | Yes |
MetaTrader 4 (MT4) | Yes |
MetaTrader 5 (MT5) | No |
Proprietary Platform | Yes |
Social Trading / Copy Trading | Yes |
Charting - Indicators / Studies (Total) | 59 |
Android App | |
Apple iOS App | Yes |
Education (Forex or CFDs) | Yes |
Daily Market Commentary | Yes |
Forex News (Top-Tier Sources) | Yes |
Economic Calendar | Yes |

Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Average Spread EUR/USD - Standard | 0.8 |
All-in Cost EUR/USD - Active | N/A |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | No |
Visa/Mastercard (Credit/Debit) | Yes |
Year Founded | 2008 |
Publicly Traded (Listed) | Yes |
Bank | No |
Tier-1 Licenses | 4 |
Tier-2 Licenses | 4 |
Forex Trading (Spot or CFDs) | Yes |
Mobile Trading - Forex or CFDs | Yes |
Tradeable Symbols (Total) | 2800 |
Forex Pairs (Total) | 65 |
Bitcoin | Yes |
Virtual Trading (Demo) | Yes |
MetaTrader 4 (MT4) | No |
MetaTrader 5 (MT5) | No |
Proprietary Platform | Yes |
Social Trading / Copy Trading | No |
Charting - Indicators / Studies (Total) | 110 |
Android App | |
Apple iOS App | Yes |
Education (Forex or CFDs) | Yes |
Daily Market Commentary | Yes |
Forex News (Top-Tier Sources) | No |
Economic Calendar | Yes |

Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Average Spread EUR/USD - Standard | 1.6 |
All-in Cost EUR/USD - Active | 0.8 |
PayPal (Deposit/Withdraw) | No |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Year Founded | 2009 |
Publicly Traded (Listed) | No |
Bank | No |
Tier-1 Licenses | 2 |
Tier-2 Licenses | 1 |
Forex Trading (Spot or CFDs) | Yes |
Mobile Trading - Forex or CFDs | Yes |
Tradeable Symbols (Total) | 1429 |
Forex Pairs (Total) | 55 |
Bitcoin | Yes |
Virtual Trading (Demo) | Yes |
MetaTrader 4 (MT4) | Yes |
MetaTrader 5 (MT5) | Yes |
Proprietary Platform | No |
Social Trading / Copy Trading | Yes |
Charting - Indicators / Studies (Total) | 30 |
Android App | |
Apple iOS App | Yes |
Education (Forex or CFDs) | Yes |
Daily Market Commentary | Yes |
Forex News (Top-Tier Sources) | Yes |
Economic Calendar | Yes |

Overall Rating
Minimum Deposit
Trust Score Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.
Average Spread EUR/USD - Standard | 0.77 |
All-in Cost EUR/USD - Active | 0.87 |
PayPal (Deposit/Withdraw) | Yes |
Skrill (Deposit/Withdraw) | Yes |
Visa/Mastercard (Credit/Debit) | Yes |
Year Founded | 2010 |
Publicly Traded (Listed) | No |
Bank | No |
Tier-1 Licenses | 2 |
Tier-2 Licenses | 2 |
Forex Trading (Spot or CFDs) | Yes |
Mobile Trading - Forex or CFDs | Yes |
Tradeable Symbols (Total) | 2342 |
Forex Pairs (Total) | 62 |
Bitcoin | Yes |
Virtual Trading (Demo) | Yes |
MetaTrader 4 (MT4) | Yes |
MetaTrader 5 (MT5) | Yes |
Proprietary Platform | No |
Social Trading / Copy Trading | Yes |
Charting - Indicators / Studies (Total) | 15 |
Android App | |
Apple iOS App | Yes |
Education (Forex or CFDs) | Yes |
Daily Market Commentary | Yes |
Forex News (Top-Tier Sources) | Yes |
Economic Calendar | Yes |
How to Trade in Denmark
A number of reputable online brokers are situated in the EU and can offer services to clients based in Denmark. Also, dealing with an EU-based broker potentially makes it easier to litigate in European courts should a problem occur. Moreover, traders living in Denmark may also open accounts with any broker that will accept them as a client, even if they are not based in the EU. Nevertheless, any non-EU broker should be subject to strict regulations in a reputable jurisdiction. Additionally, brokers should keep client funds separate from their own, bear a good reputation with clients and provide an adequate set of brokerage services to their clients.
Furthermore, the majority of online brokers will offer a demo accounts to allow traders to view their services and practice trading funded with virtual money. Online brokers also may have one or more types of funded accounts where traders generally have to place a minimum deposit to get started trading. Alternatively, brokers will sometimes offer Islamic accounts that are Sharia law compliant having no rollover fees associated with them.
As far as asset classes are concerned, the supported set can vary notably between brokers, although all online forex brokers should offer markets in the major currency pairs and crosses. Online brokers offering contract for difference (CFD) trading are also quite common, often having a broader collection of underlying assets that CFDs can be traded on.
With respect to stock trading, the Nasdaq Nordic Exchanges provides a transparent and fair market in various Danish stocks and other asset classes that are generally executed in krone. The consolidated Nasdaq Nordic Exchanges, including the CSE, currently use the INET Nordic software as their official trading platform for trading Nordic and Baltic stocks.
Biggest Opportunities of Trading in Denmark
Denmark is a constitutional monarchy with road access to both Germany and Sweden. Its central location in Europe makes Denmark an excellent distribution point for markets in Northern Europe, Scandinavia, and the Baltic.
Furthermore, Denmark is a wealthy and modern country that has state-of-the-art distribution systems and infrastructure. Denmark also has a very skilled labour force and a relatively sound fiscal position, according to export.gov.
The country provides various opportunities for businesses including:
- The standard of living in Denmark ranks among the highest globally with a GDP per capita in 2018 of $60,595.578.
- Denmark firmly advocates liberal investment and trade policies, including actively encouraging foreign investment.
- As part of the Nordics, Denmark is part of a country group with a total GDP of $1.69 trillion and a combined population of around 26 million people.
- With respect to trading across borders, Denmark came to an overall 3rd place in the rankings of the World Bank. Denmark also ranked 1st for trading across borders, and very favorably at 4th for dealing with construction permits, 6th for resolving insolvencies, 9th for paying taxes, and 11th for registering property.
Biggest Challenges of Trading in Denmark
EU countries such as Germany, Sweden, the UK, and Norway are among Denmark’s top trading partners of 2017 as per the World Bank Group. Brexit could strain the close trading relationship between Denmark and the UK, which creates some uncertainty for the Danish economy. Overall however the krone’s relative stability due to its peg to the euro establishes the country as fairly stable currency environment.
As a typical net exporter that has generally had a positive balance of trade since the late 1980’s, Denmark’s economy may be affected by trade wars or tariffs and the failure of its primary trade agreements. According to the World Bank, Denmark had moderate 54.5% ratio of its trade to GDP numbers in 2017, potentially making its economy somewhat vulnerable to trade variances.
Furthermore, the World Bank only ranked Denmark 42nd for starting a business, 44th for obtaining credit and 38th for protecting minority investors.
Summary
In conclusion, traders and businesses will typically find Denmark a secure country to operate in due to its membership in the European Union and its currency’s peg to the euro. The country also had a very high ranking from the World Bank for trading across borders. Danish financial companies also have good oversight from the Danish FSA and must comply with the EU’s Markets in Financial Instruments Directive (MiFID) regulations.
Therefore, when looking for an online broker to trade with from Denmark, traders will want to assure that the one they select has a good range of asset classes, a decent reputation, a full featured trading platform and strict regulation so they provide a safe place for a margin deposit.BrokerNotes.co 2023 Overall Rankings
To recap, here are our top forex brokers for 2023, sorted by Overall ranking.
Company | Accepts DK Residents | Overall Rating | Minimum Deposit | Average Spread EUR/USD - Standard | Trust Score | Tradeable Symbols (Total) | Read Review | Visit Site |
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9.9 | £250.00 | 0.86 | 99 | 19537 | IG Review |
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9.7 | €2,000 | 0.9 | 99 | 60000 | Saxo Bank Review | ||
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9.7 | $0 | 0.6 | 99 | 8500 | Interactive Brokers Review | ||
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9.6 | $0 | 0.51 | 99 | 12377 | CMC Markets Review | ||
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9.5 | $0 | 1.25 | 99 | 0 | TD Ameritrade Review | ||
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9.3 | $100 | 1.0 | 99 | 5500 | FOREX.com Review |
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9.2 | £100.00 | 1.0 | 99 | 13500 | City Index Review | ||
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9 | $0 | 1.07 | 95 | 12000 | XTB Group Review | ||
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8.8 | $10-$10,000 | 1 | 93 | 3458 | eToro Review | ||
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8.7 | $1000 | N/A | 99 | 466 | Swissquote Review | ||
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8.6 | $100 | 0.92 | 93 | 1260 | AvaTrade Review | ||
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8.5 | Starts from $50 | 1.38 | 96 | 440 | FXCM Review |
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8.5 | €100 | 0.8 | 98 | 2800 | Plus500 Review | ||
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8.4 | $20 | 0.65 | 85 | 3152 | Capital.com Review | ||
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8.4 | $5 | 1.6 | 90 | 1429 | XM Group Review | ||
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8.4 | $200 | 0.77 | 93 | 2342 | Pepperstone Review | ||
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8.4 | $0 | 1.26 | 92 | 124 | OANDA Review | ||
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8.3 | $100 | 0.8 | 88 | 6942 | Admiral Markets Review | ||
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8.3 | $100 AUD | 1.2 | 86 | 10000 | FP Markets Review | ||
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8.2 | $200 | 0.62 | 86 | 3583 | IC Markets Review | ||
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8.2 | $100 | 1.9 | 98 | 2179 | Markets.com Review | ||
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8.1 | $100 | 1.51 | 90 | 2249 | FxPro Review | ||
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8.0 | $100 | 0.51 | 82 | 725 | Tickmill Review | ||
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8.0 | $0 | N/A | 92 | 126 | Fineco Bank Review | ||
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7.9 | $0 | 0.827 | 74 | 26000 | BlackBull Markets Review | ||
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7.8 | $100 | N/A | 84 | 10000 | DooPrime Review | ||
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7.8 | $50 | 1.30 | 89 | 1000 | Vantage Review | ||
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7.8 | $100-$5000 | 1.6 | 83 | 1081 | BDSwiss Review | ||
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7.8 | $100 | 0.96 | 79 | 12000 | TMGM Review | ||
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7.8 | $0 | 1.2 | 85 | 3500 | HFM Review | ||
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7.7 | $0.00 | N/A | 77 | 408600 | FlowBank Review | ||
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7.7 | $100 | 0.6 | 86 | 362 | HYCM Review | ||
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7.6 | EUR 10 | N/A | 77 | 1785 | Trading 212 Review | ||
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7.6 | $100 | 1.0 | 87 | 736 | Eightcap Review | ||
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7.5 | $0 | 0.6 | 83 | 601 | Trade Nation Review | ||
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7.5 | $50 | 1.27 | 71 | 965 | Moneta Markets Review | ||
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7.4 | $250.00 | N/A | 86 | 1674 | ThinkMarkets Review | ||
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7.4 | $200 | 1.2 | 71 | 168 | VT Markets Review | ||
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7.4 | $50 | 1.2 | 75 | 1600 | ACY Securities Review | ||
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7.3 | $100 | 0.9 | 84 | 199 | a href="/reviews/easymarkets">easyMarkets Review | ||
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7.3 | $100 | 1.4 | 69 | 12000 | Roboforex (RoboMarkets) Review | ||
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7.2 | $50 | 1.2 | 84 | 340 | IronFX Review | ||
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7.2 | $1 | 0.9 | 74 | 112 | Exness Review | ||
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7.2 | $0 | N/A | 70 | 2000 | Spreadex Review | ||
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7.1 | $250 | N/A | 75 | 1062 | Trade360 Review | ||
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7.1 | 0 | N/A | 83 | 175 | Axitrader Review | ||
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7.1 | $0 | N/A | 66 | 354 | GKFX Review | ||
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7.1 | -1 | N/A | 79 | 750 | Vestle Review | ||
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7 | $25 | 0.9 | 69 | 229 | OctaFX Review | ||
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7 | $100 | N/A | 80 | 87 | FXOpen Review | ||
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7 | $100 | N/A | 67 | 500 | Teletrade Review | ||
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6.9 | $100 | N/A | 69 | 140 | FXPrimus Review | ||
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6.9 | $0 | N/A | 62 | 150 | Forex4you Review | ||
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6.9 | $500 | N/A | 66 | 425 | LegacyFX Review | ||
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6.8 | $500 | N/A | 69 | 500 | GBE Brokers Review | ||
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6.8 | $20 | N/A | 67 | 105 | Alpari Review | ||
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6.7 | Depends on payment method | N/A | 67 | 655 | TopFX Review | ||
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6.7 | $10 | N/A | 72 | 300 | Libertex Review | ||
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6.6 | $500 | N/A | 70 | 150 | ATFX Review | ||
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6.6 | $100 | 3 | 67 | 619 | UFX Review | ||
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6.5 | $250 | N/A | 80 | 142 | Xtrade Review | ||
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6.4 | $200 | N/A | 67 | 256 | Tradeo Review |
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Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.