Best Forex Brokers in Sweden 2024

Looking for the best Forex brokers in Sweden? Look no further! In this article on AtoZ Markets, we will discuss the top Forex brokers in Sweden and what makes them stand out from the competition. We will also provide you with a list of factors to consider when choosing a Forex broker. So, whether you are new to Forex trading or just looking for a new broker, read on for the best tips and advice.

Choosing Forex Brokers in Sweden

When it comes to Forex trading, there are a lot of broker options to choose from. However, not all brokers are created equal. There are some that stand out from the rest due to their excellent service, tight spreads, and robust trading platforms. So, without further ado, here are the best Forex brokers in Sweden.

If you are looking for a forex broker in Sweden, there are a few things you should keep in mind. First, make sure the broker is regulated by reputable regulatory authorities. Major regulators in the industry include CFTA, NFA, FCA, ASIC, DFSA, SCB, CySEC, FSB, MiFID, IFSC, BaFin, and many others.

Second, look for a broker that offers a good selection of currency pairs and competitive spreads. Thirdly, look for trading platforms and cost associated with trading. Finally, consider the customer service and account options offered by the broker. By following these tips, you can be sure to find a reputable forex broker in Sweden that suits your trading needs.

Is Forex Trading Legal in Sweden?

Sweden is a country that is known for its financial stability. It is also a country where forex trading is legal. In this blog post, we will take a look at the legal perspective of forex trading in Sweden. We will discuss the regulations that are in place, and how traders can go about trading currencies in this Scandinavian country.

Sweden is a member of the European Union, and as such, it is subject to the financial regulations that are in place for all member states. These regulations are designed to protect investors, and to ensure that markets are fair and transparent. When it comes to forex trading, the main regulatory body in Sweden is the Financial Supervisory Authority, or Finansinspektionen, though they allowed Swedish traders to trade with any European regulated broker.

The Financial Supervisory Authority is responsible for overseeing the financial markets in Sweden. They have the power to issue licenses to financial institutions, and to impose sanctions on those who do not comply with the rules and regulations that are in place. The authority also has the power to monitor and investigate suspected cases of market abuse.

In order to trade forex in Sweden, traders must have a broker that is licensed and regulated by reputable regulatory authorities.

It is also important to note that forex trading is not subject to the same taxes as other forms of investment in Sweden. This means that profits from forex trading are not subject to capital gains tax, or income tax. However, it is important to remember that any losses that are incurred can be deducted from future profits.

Overall, forex trading in Sweden is legal, and it is possible to trade without fear of legal repercussions. However, it is important to make sure that you select a broker that is regulated, and that offers good customer service. It is also important to remember that taxes on profits from forex trading are not as high as they are in other countries. With this in mind, forex trading can be a great way to make some extra money.

Top Forex Brokers in Sweden 2024

Best Forex Brokers in Sweden

Forex brokers are not required to become authorised by Finansinspektionen (FI) to accept residents of Sweden as customers. The 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. However, the FI does not have specific regulations in place for forex brokers. This means that forex brokers are not subject to the same level of regulation as other financial institutions in Sweden. As a result, residents of Sweden should exercise caution when selecting a forex broker. The English translation of Finansinspektionen is Financial Supervisory Authority. 

Best forex brokers in Sweden

Here are our top picks for the best Forex brokers in Sweden:

✓ Multibank

✓ Plus500


✓ FP Markets


1. Multibank Group

In our top Forex broker list of the Netherlands, Multiple is the one we are going to cover first. Multibank is one of the largest forex brokers in the world and is based in London. The company offers a wide range of currency pairs and CFDs for clients to trade. 

MultiBank Group logo_600x400

image credit: Multibank Group

MultiBank Regulations

In the case of trading, you should never select an unregulated broker. not licensed. MultiBank Group consists of several companies that are heavily controlled across five continents by ten financial regulators across a variety of areas, ensuring protection for investors.

Australia: MEX Australia is governed through the Australian Securities & Investments Commission with AFSL numbers 416279.

Germany: The broker is regulated by The Federal Financial Supervisory Authority (BAFIN) with license number HRB 73406.

Austria: MEX Asset Management GmbH -Austria branch is licensed and regulated under the Financial Markets Authority ("FMA") under licence number 491129z.

Cayman Islands: MEX Atlantic Corporation is licensed and controlled through CIMA. Cayman Islands Monetary Authority ("CIMA") with license number 1811316.

British Virgin Islands: Multibank FX International Corporation is licensed and controlled under the Financial Services Commission of the British Virgin Islands ("FSC") under license number SIBA/L/14/1068.

Hong Kong: Red Rock Pay Ltd is licensed and is regulated under the supervision of Hong Kong Customs and Excise ("HKCE") Department under license number 18-11-02612.

Singapore: MEX Global Markets PTE. LTD. is authorized and controlled through Singapore's Monetary Authority of Singapore ("MAS") with license number CMS101174.

Pacific Region: MEX Pacific (V) Ltd is licensed and regulated by Vanuatu Financial Service Commission ("VFSC") and has a license number 700443.

Multibank Trading Platforms

Traders can choose a platform among a list of trading platforms of MultiBank Group. They offer the following trading platforms.

MetaTrader 4

MetaTrader 5


Social Trading

Mobile App

MultiBank Products

If we see the investment options, MultiBank offers Forex, Metals, Shares, Indices, Commodities and Cryptocurrencies. 

MultiBank provides 55+ major, cross, and exotic currency pairs, and gives the tightest spreads. Their EUR/USD spreads start from 0.0 pip in an ECN account. If you are a mental lover, MultiBank has Gold, Silver with 7 CENTS Tightest spreads on Gold, 3 CENTS Tightest spreads on Silver. MultiBank offers CFDs on stocks. They have 20,000 equities of the largest multinational companies listed on the top stock exchanges in the world. 

MultiBank has major indices from all over the world. You can trade major indices like US30, SP500, DE30, UT100, UK100, AUS200 and more. They provide 16 major commodities by CFDs. Spreads start with zero pip and have lower margin. Multibank offers Crypto-Fiat pairs for trading. For example, they have BTC/USD (Bitcoin), ETH/USD(Etherium), LTC/USD (LiteCoin), RPL/USD (Ripple) and more. 

MultiBank offers three types of accounts.  Standard, Pro, ECN accounts and Demo accounts. All account types support Social Trading.

They have Islamic accounts for Shares, Crypto, Indices and Commodities. Swap Free account is only available with Standard account.

They also have a Mex Sports account exclusively for the MT5 platform.

For Forex, spreads start from zero in an ECN account and vary according to your account type.

MultiBank provides 1.500 leverage on forex and metals.  For shares 1:20, For Indices 1:100, for crypto 1:20

Costs of MultiBank 

They do not have any commission for Standard and Pro accounts but for ECN  accounts they charge €3 per lot.

They have a wide range of deposit methods including bank transfers and cards.

Minimum withdrawal amount is €50 for card and online and for bank transfer it's €100.

They do not have any deposit or withdrawal fees.

Deposit and Withdrawal time vary depending on the payment methods as they have so many methods.

MultiBank Customer Support  

Trading requires a lot of customer support from brokers. They provide 24/7 support which is really amazing. Their customer support is available via Whatsapp, form filling, live web chat and 24/7 phone call. We found their web chat very responsive.

Read Full Review of Multibank

Pros and Cons of Multibank


√ They offer 20,000+ assets

√ Low spreads from 0 pips and maximum leverage of 1:500

√ They have MAM/PAMM accounts and proprietary copy trading platform

√ Multibank provides ECN trading with deep liquidity and no requotes


- Scalping is not allowed on Multibank

- They have limited education resources

Want to try Multibank in Sweden? You can do so by clicking the following link:


Alternative Forex Brokers for Sweden 2024

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2. Plus500

In the list of best forex brokers Netherlands, Plus500 is in fourth place. 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.

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:

3. XTB

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.


image credit: XTB

XTB Regulations

XTB is multi licensed 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.

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. 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.

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, you can use the link  below:


Top Forex Brokers in Sweden 2024

4. FP Markets

FP Markets is a group of companies, which include First Prudential Markets Pty Ltd and FP Markets LLC. It is an international Forex as well as CFD broker based in Australia.

FP Markets Logo

image credit: FP Markets

FP Markets Regulations

FP Markets is multi licensed and is regulated by three reputable regulatory bodies, including:

Australia: FP Markets is regulated by ASIC In Australia- Australian Securities and Investments Commission

Cyprus: FP Markets is also authorised and controlled through the Cyprus Securities and Exchange Commission (CySEC License number 371/18)

Global Operation: FP Markets LLC is also a registered business of St. Vincent and the Grenadines Limited Liability Number 126 LLC 2019.

Trading Platforms at FP Markets

The range of platforms for trading is vast and includes the MT4, MT5 or web Trader. They also offer apps to Android as well as iOS.

FP Markets Products

This Forex broker provides more than 10,000 trading instruments, which is truly plenty!

A majority of brokers do not offer such a number of assets. Before we look at the different types of pairs that trade, we'll look at the platforms used by FP Markets for trading.

The Account Types available on FP Markets are Standard account Raw Account, Demo Account.

To return to the pairs of trading available, FP Markets offers 60+ pairs. This includes minor, major, as well as exotic currencies.

With FP Markets, you gain access to more than 10,000 CFD shares from all over the globe.

Shares are traded through CFDs. This means you do not actually hold the shares however, you can trade them through CFDs that are contracts for difference.

Apart from the Forex, they offer Bonds, Gold, Silver, Commodities, Indices and CFDs in Crypto on FP Markets. FP Markets offers 1:500 leverage for Forex trading.

The costs of FP Markets

FP Markets doesn't have any deposit fees. It's absolutely free, and the minimum deposit for FP Markets is $100. Most methods of deposit are immediate, except for bank transfers, which can take up 3 to 5 days.

For withdrawals, it's also free. However, for wire transfers the bank might charge charges.

The Commission for Standard Account is zero. The Raw Account Commission amounts to 3 dollars per side, per standard lot. FP Markets spreads on Standard accounts start at 1.0 pip. For the Raw Account, Spreads begin at zero pip.

FP Markets Customer Support

Customer support at FP Markets is available 24 hours a day. You can reach FP Markets customer support through several methods, such as live chat, telephone Telegram, live chat, or email. The most efficient method is to reach them through the live chat feature or by phone.

Read Full Review of FP Markets

Pros and Pros and FP Markets


- They have ECN execution

- The broker provides more than 10,000 trading instruments that you can select from.

- Low spreads on currency pairs that are forex.

- Processes for withdrawal and deposit are swiftly completed


- At FP Markets, Stock CFD charges are very high.

- Desktop and Web platforms is quite old

If you're interested in giving it a go using FP Markets in Sweden, you can click this link:

5. Axi 

Established in 2007, Axi is a recognized and trusted broker with its head office located in Sydney, Australia. Axi is a brand name of AxiCorp Financial Services Pty Ltd (AxiCorp). It quickly made a name for itself and gained an international presence.


image credit: Axi

Axi Regulations

Axi is licensed and regulated by different reputable regulatory authorities around the world.

Australia: AxiCorp is authorised and regulated by the Australian Securities & Investments Commission (ASIC)

Dubai: AxiCorp Financial Services Pty Ltd (DIFC Branch) is regulated by the Dubai Financial Services Authority (DFSA).

United Kingdom & EU: AxiCorp (Axi UK) is authorised and regulated by the Financial Conduct Authority (FCA).

Vincent and the Grenadines: Axitrader (Owned by AxiCorp) is registered by the Financial Services Authority.

Axi Trading Platforms

Axi is a MetaTrader broker. Axi has the MT4 Next Gen add-on. MT4 is a widely accepted forex trading platform that is used by most of the retail forex traders. It has a unique feature that helps the trader to operate with flexibility. Moreover, there are many integrated features for the traders to build their own EA’s.

Axi also offers MetaTrader 4 web trading platform where you can trade in any browser without downloading any software. Android & IOS of the MT4 app are available for download from the Play store & app store respectively for Axi. 

Axi Products

Axi is a MetaTrader-broker that offers to trade with 140+ currency pairs and 50+ CFDs on Stocks, 30+ index CFDs, 14+ Commodities including oil, and metal,  and 11+ CFD cryptocurrencies.

Axi offers 4 types of accounts to its Netherlands traders. Standard Account, Pro Account, Elite Account and Demo Account. They offer 1:400 leverage for Dutch traders.

Cost of Axi 

Axi doesn't have any commission for Standard accounts. In Pro account commission is $7 per standard lot and $3.5 in Elite Account. 

For Standard and Pro accounts they don't have any minimum deposit but for Elite Account minimum deposit is $25,000.

Axi Customer Support

The customer service of Swedish traders is available 24 hours a day, Monday to Friday. Traders can call them free from certain countries with some specific phone numbers available on their website. 

Traders can use the live chat option to get any instant support. The international phone no. and email address is as follows.

Read Full Review of Axi

Pros and Cons of Axi


√ Premium MT4 NextGen add-on package

√ Low trading fees and no inactivity or account closure fee

√ No deposit and withdrawal fees

√ No minimum deposit requirement for Standard and Pro account


- Doesn't provides MT5 trading platform 

- Customer Support only on weekdays

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

So, there you have it! These are the best Forex brokers in Sweden. Be sure to consider all of the factors we listed above when choosing a broker that is right for you. 


It is important to do your own research before selecting a Forex broker. Sweden has many reliable and reputable brokers, but it is also important to find one that best suits your needs. We have highlighted three of the best Forex brokers in Sweden, but there are many others worth considering. Let us know which brokers you like the most in the comment section below. Thank you for reading and we wish you all the best in your trading ventures. 

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