Best Forex Brokers in Denmark 2024

If you're looking for the best Forex brokers in Denmark, you've come to the right place. In this article on AtoZ Markets, we will discuss the top Forex brokers in Denmark and what makes them stand out from the competition. We'll also provide a list of factors to consider when choosing a Forex broker and share some advice on how to find the one that's right for you. So if you're ready, let's get started.

Choosing a Forex Broker in Denmark

The first thing you need to consider when choosing a Forex broker is regulation. You should check if the broker is regulated by any of the reputable regulatory authorities. Major regulators in the industry include DFSA, SEC, SCB, CySEC, FCA, FSB, MiFID, ASIC, IFSC, BaFin, and many others. This ensures that your broker is safe and reliable.

Another important factor to consider is the broker's trading platform. The platform is the software that you'll use to trade currency pairs, and it's important to choose one that's user-friendly and offers all the instruments, features and tools you need.

Finally, make sure to compare different Forex brokers to find the one that offers the best pricing, and customer service for your trading needs. 

Is Forex Trading Legal in Denmark?

Yes, forex trading is legal in Denmark. However, there are a few things to keep in mind before you start trading.

First of all, you need to make sure that the broker you're using is regulated by the Danish Financial Supervisory Authority (FSA). This ensures that your broker is safe and reliable.

Secondly, it's important to be aware of the Danish tax rules for forex trading. When you trade forex, you're subject to capital gains tax. This means that you'll need to declare any profits you make on your tax return.

Finally, remember that leverage can both help and hurt your forex trades. Leverage allows you to control more money than you have in your account, but it also amplifies your losses. So use leverage carefully.

If you follow these guidelines, forex trading can be a great way to make money in Denmark. Just make sure you do your research and understand the risks before you start trading. 

If you're thinking of starting to trade forex, make sure you choose a reputable broker that is regulated by the FSA or any other European regulatory authorities. This will give you the best chance of success in your trading career. 

Best Forex Brokers in Denmark

Best Forex Brokers in Denmark

The AtoZ Markets team have done extensive research to find out best Forex Brokers in Denmark. They have picked 5 Forex Brokers that are registered under Danish Financial Supervisory Authority (DFSA).

Plus 500

In the list of best forex brokers Denmark, we will talk about Plus500 first. Plus500 is another large forex broker that is based in London. The company is listed on the London Stock Exchange and is regulated by the FCA. Plus500 offers a wide range of currency pairs, CFDs, and other financial instruments for clients to trade.


image credit: Plus500

Plus500 Regulations

Plus500 is regulated by different reputable regulatory authorities around the world. In Denmark, Plus500CY Ltd is registered under Danish Financial Supervisory Authority. Check out the regulation of Plus500.

United Kingdom: Plus500UK Ltd is authorized & regulated by the FCA (#509909).

Cyprus: Plus500CY Ltd is authorized & regulated by CySEC (#250/14).

Singapore: Plus500SG Pte Ltd, is licensed and regulated by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018).

Australia: Plus500AU Pty Ltd (ACN 153301681) is licensed by ASIC, AFSL #417727. 

New Zealand: Plus500 is also regulated by FMA (FSP 486026), 

South Africa: Plus500 is authorised by FSCA, FSP #47546. 

Seychelles: Plus500SEY Ltd is authorized & regulated by the Seychelles Financial Services Authority (#SD039).

Plus500 Trading Platforms

Plus500 uses a proprietary trading platform (web browser platform). It's accessible from any browser. You can also download the desktop version on your PC/laptop. They don't have MT4 or MT5. They also have Android and iOS apps.  

Plus500 Products

They offer 60+ Currency pairs, 17+ Cryptocurrencies, most popular Indices, Commodities  (Gold, Oil and Silver), Popular shares, Options, and ETFs. Spreads of Plus500 vary depending on the instruments you are trading.

Leverage varies from 1:2 for Cryptos to 1:30 for Forex.

Cost of Plus500

They don't have any trading fees. They make money by spreads and swap. But they have an inactivity fee of $10 per month if your account is inactive for 3 months. 

Minimum deposit is $100. Depending on withdrawal methods, they have different withdrawal limits. You will find it on the withdrawal screen of Plus500 platform.

Customer Support

Plus500 trading app offers support in 32 languages, including English, German, Greek, Italian, Spanish, French, Finnish, Danish, Swedish, Estonian, Russian, Romanian, Hebrew, Arabic, and Traditional and Simplified Chinese. 

The platform offers 24/7 support via email and chat. You will find an answer to most questions via the FAQ section. However, if the clients cannot find the query in the FAQ then they can start an online chat.

Read Full Review of Plus500

Pros and Cons of Plus500


√ Access to over 2000 CFDs

√ A user-friendly and practical platform

√ Regulated by many regulatory authorities

√ Guaranteed stop loss orders

√ Protection against negative balance


- Customer support is not available via phone call

- It does not take U.S. clients

- The trading platform can't be used with other tools for trading or platforms

If you'd like to try Plus500, You can do so by clicking the following link:


Dukascopy Bank SA was established in 1998 and provides bank and online trading services in different countries. Dukascopy Europe IBS AS  provides its service to Danish traders.


image credit: Dukascopy

Dukascopy Regulations

Dukascopy Europe IBS AS is registered under DFSA and regulated by different reputable regulatory authorities around the world. Such as:

Switzerland: Dukascopy Bank is regulated by the Swiss Financial Market Supervisory Authority (FINMA)

EU: Dukascopy is also regulated by the European Union Markets in Financial Instruments Directive (MiFID).

Latvia: Dukascopy Europe IBS AS is an EU licensed investment brokerage company based in Riga, Latvia, regulated by the Financial and Capital Market Commission of Latvia (FCMC).

Japan: Dukascopy Japan K.K. is a Type-1 licensed broker located in Tokyo, Japan, regulated by the Financial Services Agency of Japan (JFSA).

Dukascopy Trading Platforms

The most popular platform for Dukascopy is JForex. It's a web-based and desktop platform that runs on Windows and Mac. Dukascopy also offers iPhone, iPad and Android applications. Some forex traders prefer MetaTrader 4, some prefer the MetaTrader 4 platform, which is why they also work with MetaTrader 4.

JForex Desktop is packed with trading tools, and is simple to use. It's ideal for traders who trade in technical areas with tools for drawing and 291 indicators to help with technical trading as in addition to the ability for the import of customized indicators.

Dukascopy Products

Dukascopy Europe currently offers over 120 currency pairs that have attractive spreads that allow you to take greater control over your trading.

The broker also offers CFDs on stocks, Commodities, Bonds, Indices and ETFs such as Eurostoxx50, CAC40 and Dow Jones among other things. The broker also offers crypto CFDs and binary options. Dukascopy also offers banking services.

For forex trading, Dukascopy offers two types of live Accounts. Forex ECN Accounts and Forex MT4 Accounts.

Average spreads for most currencies, like USD/USD and EUR/USD are approximately 0.3/0.4 pip. Maximum leverage for Forex trading is 1:200. 

Cost of Dukascopy

Opening and Closing Fee is Zero. Maintenance fee is 0 to 0.5 percent. The gold custody cost is 1 percent on the yearly balance. The fee for changing the address of a Blockchain wallet of 50$.

Foreign Currency Charge 0.05% to 1% based on the value of currency that is converted.

Deposit Fees for Bank Transfers are Free Pay by Card costs 1.5 percent - EEA cards. 2.5 percent for cards that are not EEA. Apple Pay and Skrill fee is 2.5 percent. Fee for Neteller: $1 or 2.5 percent. Bitcoins, Ether, Tether deposits are completely free.

When withdrawing money, the fee for bank transfer is different based on the currencies. The fee for Crypto Transfer is  $50, 0.5 percent from your amount (whichever is the greater). For withdrawals made with cards, the fee will be $1.5 + 2.5%. For withdrawals made through Apple Pay, the fee is Nil. Skrill fees are 2.5 percent. Neteller fees are 1$ or 2.5 percent. For Bitcoins, Ether, Tether the fee for withdrawal is $30.

Dukascopy Customer Support

Dukascopy customer support is helpful. There are many ways to get in touch with them. You can contact them via their website. Chat through their website. You can make the request to call to return. You can also submit problems on their website. There are contact numbers for several physical offices that you can make a call to have the issue resolved.

Pros and Cons of Dukascopy

  • Pros

√ It provides users with up-to-the-minute quotes.

√ It gives permission to use algorithmic bots for automated trading.

√ Your funds are secure up to CHF 100,000.

√ They have their own trading platform JForex along with MetaTrader 4.

√ Over 500+ trading instruments

  • Cons

 - Leverage is very limited, only  up to 1:200 only.

- Payouts takes time

- Registration and KYC is a bit complicated and lengthy.

- No Two Factor Authentication

If you'd like to trade with Dukascopy, You can do so by clicking the following link:


The company has its headquarters in Warsaw, Poland. Established back in 2005, this broker has offices in 13 countries, such as the UK, Poland, Germany, France, UAE and Chile. XTB Limited provides broker services in Denmark.


image credit: XTB

XTB Regulations

XTB Limited is registered under Danish Financial Supervisory Authority in Denmark and is regulated by different reputable regulatory authorities around the world.

United Kingdom:  The Forex broker is regulated by the UK Financial Conduct Authority (FRN 522157).

Dubai: XTB MENA Limited is licensed by  DFSA (Dubai Financial Services Authority)

EU: XTB Limited is authorised and regulated by the Cyprus Securities and Exchange Commission with CIF Licence number 169/12

Non EU/UK: XTB International Limited is authorised and regulated by the International Financial Services Commission in Belize. (IFSC License No.: 000302/185). 

Other than that, XTB as a group is also regulated by the authorities including the KNF, IFSC, CMB and FSCA

XTB Trading Platforms

Trading Platform: xStation (Web Based, Desktop, Android, iOS, Tablet).

There are a myriad of tools for analysis of technical data available on the platform. You can find 27 drawing tools as well as 37 technical indicators.

XTB Products

They offer 1849 CFDs on stocks, 138 ETFs, 23 commodities, 36 indices, 5 cryptocurrencies, and 57 forex pairs.

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Cost of XTB

The average spreads on the EUR/USD stood at 0.91 pip and minimum deposit is $250.

There are no fees for depositing through bank transfer, credit card and debit cards.

For the Danish traders, they charge a 2% fee for Skrill and 1% for Neteller deposit.

XTB Limited doesn't charge any fees for withdrawal if the amount is above $60. Demo account is for a limited time. So if you want you can try multiple demo accounts to test their platform. For forex trading, they have no commission.

XTB Customer Support

Support for customers is available 24 hours a day and If you have any queries, you can reach them through the chat. The platform is brimming with tools for fundamental and technical analysis as well as educational resources.

If you are interested in this broker, you can create an account using the link that is in the below.

Read Full Review of XTB

Pros and Cons of XTB


- XTB xStation platform suite offers excellent functionality, along with a broad selection of features and tools for trading.

- XTB offers low spreads

- XTB provides a wide selection of comprehensive educational videos as well as written content. It also offers more than 200 lessons through their Trading Academy.

- XTB U.K. recently launched Zero-dollar-commissions for CFDs in shares.


- MetaTrader 4 is not being promoted by the XTB's U.K, Poland, and Cyprus branches, though it is still available to request through the various locations around the world XTB offices.

- The custom investment basket tool was temporarily removed from the xStation 5 platform.

If you want to give it a try with XTB in Denmark, use the link  below:


eToro is a social trading platform that has been customized for Denmark and European traders. The company has 10 million users, and it's easy-to get started thanks to their custom built interface. eToro's powerful trading tools help you find the best traders to copy and trade successfully.

etoro logo

image credit: eToro

eToro Regulations

eToro Europe is registered under Danish Financial Supervisory Authority and is regulated by various regulatory authorities around the world.

Europe: eToro Europe is regulated by the Cyprus Securities & Exchange Commission (CySEC) with license number 109/10.

United Kingdom: eToro (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA), company reference number 583263.

Australia: eToro AUS Capital Pty Ltd is licensed by the Australian Securities and Investments Commission (ASIC) to provide financial services under the Australian Financial Services License, license number 491139.

USA: eToro USA is operated by eToro USA LLC, registered with FinCEN.

eToro Products

They have  49 Currency pairs, 32 Commodities, 13 Indices, 2711 Stocks, 264 EFTs, and 51 Crypto Currencies. They have Tradable Symbols (Total) : 3056.

eToro Trading Platforms

They do not have MT4 or MT5 however they do have a proprietary Platform as well as Web platform, and mobile app.

Cost of eToro

The minimum deposit of eToro can range from €10 and €200.

eToro does not charge fees for deposits, however withdrawal fees are €5. For withdrawals made in currencies other than USD, you are subject to conversion charges. With the exception of bank wires, eToro deposits are instant. Also, the time for withdrawals is dependent on the method of payment used.

eToro spreads start as low as 1 pip. In Europe they offer leverage of 1:30 for forex pairs.

eToro Customer Support

They offer excellent customer support via phone, email or call-back services, as well as live chat on the web. For having a live chat, you need to login to their website.

Read Full Review of eToro

eToro Pros and Cons


√ Trading in ETFs and stocks is free.

√ Opening a new account in a seamless way

√ One of the best social trading platform

√ Minimum amount to open an account and start investing.


- Customer service is required to be improved.

- Account base currency is only one 

- Expensive non-trading charges

If you want to give it a try with eToro, you can use the link  below:

Trade Forex with eToro

Forextime (FXTM)

Among the top Forex Brokers in Denmark, FXTM is one of them. ForexTime (FXTM) is a forex broker established back in 2011 by Andrey Dashin. FXTM offers an intuitive trading platform based on MetaTrader 4 and 5 and offers a wider range of trading instruments including Forex, Cryptocurrencies, Index and Commodity CFDs, Spot Metals and Stock CFDs.

FXTM logo

image credit: FXTM

FXTM Regulations

FXTM Limited is registered under Danish Financial Supervisory Authority and is regulated by different reputable regulatory authorities around the world. They are: 

Cyprus: Forextime Ltd (EU) is regulated by CySEC (185/12).

United Kingdom: Forextime UK Limited is regulated by the FCA (777911)

South Africa: ForexTime Limited (South Africa) is regulated by FSCA (46614)

Global: Exinity Limited (Worldwide) is regulated by FSC (C113012295)

FXTM Trading Platforms 

FXTM provides MT4 and MT5 trading platforms for their customers. With FXTM, MT4 and MT5 are available on Windows and Mac systems and on iOS and Android mobile devices.

They also have Proprietary mobile app named FXTM Trader. With FXTM Trader, you can take advantage of the broker's copy trading service in FXTM Invest.

FXTM Products

In Denmark, traders can get access to over 1000 trading instruments with FXTM broker. FXTM offers Forex, Metals, Stocks, Commodities and Indices.

They offer 4 types of accounts in Pakistan. Micro Account, Advantage Account, Advantage Plus Account and Demo Account. 

For forex trading in Denmark, They offer 1:1000 leverage for micro Account and 1:2000 for Advantage and Advantage Plus Accounts. 

Costs of FXTM

In Denmark, Deposit to FXTM is free. For withdrawal through e-wallet is free but with credit card, you will be charged a fee. 

Minimum deposit in FXTM is €10. Micro and Advantage Plus Accounts do not have any commission. But for Advantage account commission ranging (on average) from €0.40 to €2 per €100K notional value. FXTM spreads starts from zero pips

FXTM Customer Support

FXTM customer support includes a comprehensive FAQ section, which you can use to answer a few questions before contacting the support team. Pakistani Traders also can email them, call them or do live chat on FXTM website to resolve their issues.

Read Full Review of FXTM

FXTM Pros and Cons


- They provide amazing customer service     

- FXTM has great educational tools   

- Easy and fast account opening


- The broker charges Inactivity and withdrawal fees

- CFD fees are high

If you want to give it a try with eToro, you can use the link  below:

These are the 5 best forex brokers in Denmark. We've compiled the list of the top 5 forex brokers in Denmark based on a variety of criteria. 


Forex trading is a popular investment choice in Denmark, and there are many forex brokers to choose from. We’ve highlighted the best forex brokers in Denmark for you, but it’s important that you do your own research before deciding which broker is right for you. Make sure to read reviews and compare features to find the broker that offers the products and services that fit your needs. Let us know which Danish forex brokers you like the most in the comment section below.

Best Forex Brokers in Denmark 2024

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