Avanza vs Capital.com — which broker is better?

Pros

• Start class: 0% courtage on Stockholmsbörsen and 100% of fund fees refunded for customers who have never had SEK 50,000 in total savings at Avanza, until SEK 50,000 or more than 500 free trades in 12 months
• Mini class from 0.25% with a SEK 1 minimum on Stockholmsbörsen and First North, and a USD 1 minimum on US shares
• Avanza Bank AB is a Swedish bank supervised by Finansinspektionen, and the parent Avanza Bank Holding AB is listed on Nasdaq Stockholm as AZA
• Two Swedish schemes: the deposit guarantee covers uninvested cash up to SEK 1,150,000 per customer and institution, the investor compensation scheme covers securities up to SEK 250,000
• SEK 0 annual, management and deposit fees on every account type in the price list, ISK, kapitalförsäkring and pensions included, and no minimum deposit
• Wide range for a domestic bank: shares in the Nordics, North America and nine further European markets online, desk orders on most other exchanges, funds without courtage, ETFs, options, futures, certificates, warrants and bonds
• Avanza calculates the ISK flat-rate income and reports it to Skatteverket, and the pre-filled K4 form costs SEK 0 since January 2026
• Free real-time prices for the Nordic markets, Nasdaq and NYSE, and US trading from 11:00 to 22:30 Swedish time

Cons

• The website and app address residents of Sweden; residents abroad cannot trade European shares online, and we found no route in from Germany, Austria or Switzerland
• Automatic currency exchange costs 0.25% in each direction, 0.5% on a round trip; the manual service at 0.125% per direction does not cover funds and, according to Avanza, cannot be added to an ISK and needs an approved securities credit on the aktie- och fondkonto
• One courtage class applies to all orders on all accounts: a SEK 10,000 order costs SEK 25 in Mini but SEK 39 in Small, SEK 69 in Medium and SEK 99 in Fast Pris
• We found no demo account and no source for fractional shares; crypto exposure is limited to exchange-traded certificates, and Avanza does not sell crypto assets directly
• Support in Swedish, by phone and by secure message in the logged-in area; we found no live chat and no email address, and general opening hours were not readable on the pages we could open

Pros

• No commission on any CFD and no inactivity fee whatsoever — unusual in the CySEC/FCA CFD segment
• EUR/USD averages roughly 0.7 pips all-in, with spreads advertised from 0.6 pips
• Free deposits and free withdrawals, with a USD 20 minimum via card, Apple Pay or PayPal
• Roughly 5,585 tradeable symbols including 125 FX pairs and about 450 crypto CFDs
• Top-tier regulation through the FCA (793714) and ASIC (513393) alongside CySEC (319/17)
• Mobile app is genuinely at feature parity with the web platform, not a cut-down version
• Choice of proprietary platform, MT4, MT5 and native TradingView integration
• Investmate education and the built-in trading-bias detector are substantive, not marketing filler

Cons

• 0.7% currency conversion markup on realised profit and loss, overnight funding and dividends in any currency other than your account's — easy to overlook on US and other foreign markets
• Overnight funding adds 4% per year over the benchmark rate, which makes multi-week leveraged holds expensive
• No exchange-traded options, futures, bonds or mutual funds — the product set is essentially CFDs only
• Real stock and ETF investing covers more than 2,200 assets and is open only to residents of selected EEA countries
• Not publicly listed and founded only in 2016, so there is less financial transparency than at an exchange-listed broker
• Crypto CFDs are unavailable to UK retail clients, and the broker does not accept clients in the US, Canada, Japan, Belgium or the other countries on its published exclusion list