Forex Brokers in Sweden

Richard Montana | November 25, 2022

Forex trading in Sweden is popular amongst residents who are looking to buy and sell currencies to speculate on the fluctuating currency market prices. Whilst international forex brokers can accept traders in Sweden as clients, forex brokers in Sweden are required to become authorised by the Finansinspektionen (FI) which translates to Financial Supervisory Authority in English. FI is responsible for the oversight, regulation and authorisation of financial markets and their participants. If a forex broker wants to offer its services in Sweden, it just has to register within any EU country.

Best forex brokers Sweden

To find the best forex brokers in Sweden, we created a list of all the forex brokers that accept clients in Sweden and then ranked them based on our overall rating. You can see our list of our top forex brokers for Sweden below.

Broker
Rating
Regulated
Min. Deposit
Founded
Max. Leverage
1.

ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA

$100

2006

1:400

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
2.

ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA

$250

1974

1:200

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
3.

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$200

2010

1:400

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
4.

ASIC, CySEC, DFSA, IFSC

$5

2009

1:888

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
5.

ASIC, CySEC, FSA, SCB

$200

2007

1:500

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

FI forex brokers in Sweden

The Finansinspektionen (FI) was established in 1991 and is responsible for monitoring financial markets and participants, as well as providing consumer protection in relation to financial products. The agency’s mission is to promote a stable financial system and well-functioning markets with high investor confidence and consumer protection.

Forex trading in Sweden is regulated by the FSA with its strict licensing requirements, The FI was created with the aim of creating a single integrated regulator covering banking, securities and insurance. This was made possible through the merger of the former banking and insurance supervisory bodies.

Natural and legal persons who would like to carry out currency trading on a large scale or other financial operations are considered to be financial institutions in Sweden. They must register their operations with FI pursuant to the Certain Financial Operations (Reporting Duty) Act (1996:1006).

As part of the European Union, Sweden has aligned its regulatory framework with the Markets in Financial Instruments Directive (MiFID), which harmonizes the regulations of financial services across all member states of the EU.

Under this piece of legislation, forex brokerage firms licensed in an EU country can legally service clients from all other member states. Because of this, some of the companies operating on the Swedish market are actually licensed and registered in other countries like Cyprus or the UK.

How to verify FI regulated brokers in Sweden

You can find an authorised broker’s license number from the disclosure text at the bottom of their homepage. You can then look up the authorisation number on the FI company register to confirm if the forex broker is regulated in Sweden to provide online forex trading products and services.

The forex market in Sweden is strong and well-regulated because Sweden is one of the wealthiest countries in the European Union (and the world). As an EU member, Sweden allows forex brokers licensed by any EU-based authority to advertise and to offer financial services to the Swedish public.

Some Sweden forex brokers are regulated in more than one jurisdiction so that they can offer a different range of trading accounts and conditions depending on the location of the trader and regulated entity that they choose to open a forex trading account with.

About the Author

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Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.


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