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SE · Country profile

Best brokers in Sweden

In Sweden the ISK taxes a deemed return on capital instead of gains. Since 1 January 2026 the first SEK 300,000 of capital base is tax-free, shared between ISK, endowment insurance and PEPP. Above that, the ISK is cheaper in pure arithmetic when the actual return exceeds the 3.55% deemed rate (2026) — leaving deferral and losses aside. In losing years the ISK does not help, because losses are not deductible there; in a conventional depot they can be netted and 70% of the rest deducted.

The ranking

Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.

Brokers available
44of 72
With a local licence
1
Tier-1 regulated
41
Avg. score
4.0

Market in figures

Sweden: the broker market in figures

44 of the 72 brokers in our dataset accept clients resident in Sweden. The figures below count only what a record documents — a missing entry never counts as a yes.

SEK as an account currency
10of 44
Customer support in Swedish
7of 44
Commission on a €5,000 share order
€0 – €12.5017 providers with a comparable price
No custody fee (documented)
25of 44

Run your own numbers

Country profile

Market profile

Supervision, investor protection and tax — the three points that decide the account.

Sweden

SE · Country profile

Local currency
SEK
Local regulator
Finansinspektionen
Recorded providers
44 of 72

Investor protection

Investerarskyddet — up to SEK 250,000; deposits up to SEK 1,150,000

The part that decides

Tax notes

The investeringssparkonto (ISK) taxes a deemed return on capital rather than realised gains. For 2026 the deemed income is 3.55% of the capital base (the 2.55% government borrowing rate on 30 November 2025 plus one percentage point, at least 1.25%), taxed at 30% — an effective 1.065%. Since 1 January 2026 the first SEK 300,000 of capital base is exempt (SEK 150,000 in 2025); the allowance covers your ISK, endowment insurance and PEPP holdings combined and is applied automatically in your tax return. Interest on cash in an ISK is taxable if its rate exceeds the government borrowing rate of the previous November; moving securities from an ordinary depot into an ISK counts as a sale. A conventional depot is taxed at 30% on investment income, and there losses count — per Skatteverket, for example, losses on listed equity funds against gains on listed shares in the same year — and any remaining loss is deductible at 70%. A capital deficit reduces tax by 30% up to SEK 100,000 and by 21% above that.

Brokers that withhold tax locally

Our dataset records these providers as tax withholding agents for this country. Whether that removes the need to declare the income yourself is something we have not checked for this country. The country's tax law decides.

Orientation based on the general legal position — not tax advice. Your personal situation and the legislation in force at the time govern.

Available here

The ranking

Ranked by our overall score across ten weighted criteria. Only providers that accept clients resident here.

See all brokers
Where you live decides which brokers and promotions are open to you. The page language is independent of it.

Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.

Rank 1

Charles Schwab

The full-service US giant that also owns thinkorswim, a professional-grade trading platform.

  • US long-term investors
  • Options and futures traders
Stocks (per order)
Free
Minimum deposit
None
FX conversion
1 %
StocksETFsOptionsFutures+5
  • Pros: USD 0 commission on every online listed US stock and ETF order, with no share cap and no proprietary-fund restrictions
  • Cons: No spot cryptocurrency trading — only ETFs, futures and crypto-adjacent equities, which puts Schwab behind Fidelity and well behind Robinhood
Group index 93/100
SECFINRA, FDIC
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 2IG logo

IG

The most complete leveraged-trading operation in Europe — and it prices like it knows that.

  • Experienced CFD and spread bet traders
  • Multi-asset traders who want one account

Volume rebate — CFD volume rebate at the Bermuda entity

Stocks (per order)
Free
Minimum deposit
None
FX conversion
0.8 %
StocksETFsOptionsFutures+9
  • Pros: Around 17,000 tradable markets in a single account — shares, indices, FX, commodities, bonds, ETFs, turbo warrants and crypto CFDs, subject to regional restrictions
  • Cons: The 0.8% currency conversion mark-up on foreign-currency CFD and spread bet trades is where much of the real cost hides — on a USD position round-trip it comfortably exceeds the spread
Group index 100/100
FCABaFin, FINMA, ASIC, MAS, JFSA, DFSA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 3Interactive Brokers logo

Interactive Brokers

The cheapest serious route to almost every market on earth — if you can live with the learning curve.

  • Active and professional traders
  • Multi-currency investors

Up to USD 1,000 in stock — Referral programme with share credit

Note: this button leads to the Interactive Brokers home page and is not a referral link. The share credit is only available if you open the account through an invitation from an existing Interactive Brokers client.

Stocks (per order)
0.05 %
Minimum deposit
None
FX conversion
0 %
StocksETFsOptionsFutures+8
  • Pros: US stocks from USD 0.0035 per share on the Tiered plan, minimum USD 0.35 per order and capped at 1% of trade value
  • Cons: Customer support is the most common complaint: many requests go through the ticket system, and public reviews (e.g. on Trustpilot) often cite slow replies and template answers
Group index 90/100
SECFCA, CBI, ASIC, MAS
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 4CMC Markets logo

CMC Markets

One of the best charting packages in retail CFD trading, wrapped around a narrower product range than the market count suggests.

  • Technical and chart-driven traders
  • UK and Irish spread betting
Stocks (per order)
Free (CFD)
Minimum deposit
None
FX conversion
0.7 %
StocksETFsOptionsForex+6
  • Pros: Next Generation is one of the strongest charting suites bundled with a retail CFD account —115+ indicators, 70 chart patterns, 12 chart types and pattern-recognition scanners, at no extra cost
  • Cons: None of CMC's derivatives is exchange-traded: the options it quotes are OTC and cash-settled, and there are no cleared futures at all, so CMC is the counterparty on every derivative contract and no clearing house stands behind it
Group index 94/100
FCAASIC, BaFin, MAS
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 5

Pepperstone

Raw spreads and five platforms for traders who care about execution cost, not about owning the asset.

  • Active FX traders
  • Scalping and day trading

From 0.0 pips — Raw spreads from 0.0 pips with commission

Stocks (per order)
0.1 % (CFD)
Minimum deposit
US$10
FX conversion
n/a
StocksETFsForexCFDs+5
  • Pros: Razor all-in EUR/USD cost of about 0.8 pips - a 0.0 to 0.1 pip raw spread plus USD 3.50 per lot per side
  • Cons: Everything is a CFD. You never own the share or ETF, so there are no voting rights, no transferable holdings and no dividend tax reclaim
Group index 82/100
FCAASIC, BaFin, CySEC, DFSA, SCB, CMA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 6Saxo logo

Saxo

A Danish bank that trades like a professional platform — broad, polished, and no longer expensive.

  • Multi-asset portfolios
  • Bond investors

Tiered — Improved pricing at higher account tiers

Stocks (per order)
0.08 %
Minimum deposit
None
FX conversion
0.25 %
StocksETFsOptionsFutures+7
  • Pros: Full Danish banking licence (Finanstilsynet licence 1149) and SIFI designation — a stronger structural safeguard than a broker-only permission
  • Cons: Currency conversion costs 0.25% over mid-market for EU and Swiss clients, and up to 0.60% at the UK entity's Classic tier — the single largest hidden cost for cross-currency investors
Group index 96/100
DFSAFCA, FINMA, MAS, JFSA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 7Capital.com logo

Capital.com

A polished retail CFD platform in Europe, provided you accept that CFDs are the whole product.

  • Active CFD traders
  • Forex day trading
Stocks (per order)
in the spread
Minimum deposit
US$20
FX conversion
0.7 %
StocksETFsForexCFDs+4
  • Pros: No commission on any CFD and no inactivity fee whatsoever — unusual in the CySEC/FCA CFD segment
  • Cons: 0.7% currency conversion markup on every trade settled outside your base currency — the single largest hidden cost here
Group index 77/100
FCAASIC, CySEC
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 8XTB logo

XTB

One of the strongest trading platforms in the commission-free bracket - xStation 5 is a professional workspace attached to a zero-commission share account.

  • Serious charting on a budget
  • Commission-free European stocks

0% — 0% commission on stocks and ETFs up to the monthly volume cap

Stocks (per order)
Free
Minimum deposit
None
FX conversion
0.5 %
StocksETFsOptionsForex+4
  • Pros: xStation 5 is one of the strongest platforms in the commission-free bracket - a real screener, market heat map, sentiment data, economic calendar and news in one workspace, on web, desktop and mobile with near-identical features.
  • Cons: The 0.5% currency conversion charge (0.8% at weekends and on public holidays) applies whenever the instrument currency differs from your account currency. For a EUR investor buying US stocks it is charged on the way in and again on the way out, and it dwarfs the commission it replaces.
Group index 72/100
FCAKNF, CySEC, CNMV, DFSA, FSCA, FSC
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 9CapTrader logo

CapTrader

Interactive Brokers' market access wrapped in German regulation, German support and a German phone number.

  • German-speaking options and futures traders
  • Active traders who want IBKR pricing with German support
Stocks (per order)
0.1 %
Minimum deposit
€2,000
FX conversion
0 %
StocksETFsOptionsFutures+7
  • Pros: BaFin-supervised German investment firm (institution number 10156708) with a Düsseldorf address, German contract law and a free German hotline until 20:00
  • Cons: No Abgeltungsteuer is withheld. German investors gain a compounding advantage but must declare everything themselves via Anlage KAP, and a Freistellungsauftrag is not possible — for many people that alone rules CapTrader out
Group index 81/100
BaFinCBI, FCA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 10

IC Markets

One of the cheapest routes to raw institutional FX pricing - as long as you check which entity you are signing with.

  • Algorithmic and EA traders
  • Scalping and high-frequency FX
Stocks (per order)
0.1 % (CFD)
Minimum deposit
€200
FX conversion
n/a
StocksFuturesForexCFDs+5
  • Pros: All-in EUR/USD cost of roughly 0.6 to 0.8 pips on Raw Spread - a 0.0 to 0.1 pip raw spread plus USD 3.50 per lot per side
  • Cons: Most non-EU, non-Australian clients contract with Raw Trading Ltd under Seychelles licence SD018 - an offshore regulator with no investor compensation scheme behind it
Group index 70/100
ASICCySEC, FSCA, FSA, SCB, CMA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Rank 11Nordnet logo

Nordnet

The Nordic default: a listed Swedish bank with SEK 1 minimum commissions — if you live in the right four countries.

  • Nordic residents
  • Long-term ISK savers
Stocks (per order)
tiered
Minimum deposit
None
FX conversion
0.25 %
StocksETFsOptionsFutures+4
  • Pros: Commission from 0.25% with a SEK 1 minimum on Nordic orders up to SEK 15,600 — small monthly share purchases are genuinely viable
  • Cons: Residents of Sweden, Norway, Denmark and Finland only — there is no route in from Germany, Austria, Switzerland or the rest of the EU
Group index 93/100
FI
Protection depends on your legal entity
Visit brokerRead review

Risk warning: investing in securities involves risk. You may lose some or all of the capital you invest.

Rank 12tastytrade logo

tastytrade

An options-specialist US broker: USD 1 per contract to open, closing commission-free — built by people who trade premium for a living.

  • Options premium sellers
  • High-volume multi-leg traders

USD 0 to close — No commission to close options positions

Stocks (per order)
Free
Minimum deposit
None
FX conversion
n/a
StocksETFsOptionsFutures+5
  • Pros: Equity options are USD 1 per contract to open, USD 0 to close and capped at USD 10 per leg — large multi-leg orders scale for free
  • Cons: FINRA censured and fined tastytrade USD 850,000 in 2026 for failing to run adequate best-execution reviews on equity orders routed to five payment-for-order-flow market makers between 2020 and 2023
Group index 82/100
FINRASEC, NFA
Protection depends on your legal entity
Visit brokerRead review

Risk warning: investing in securities involves risk. You may lose some or all of the capital you invest.

Accounts and offers

Tax-advantaged accounts in Sweden

What tax law provides, with source and date. Whether an account suits your situation is not something we judge — this is not tax advice.

Tax-advantaged accounts in Sweden
AccountLimitMinimum holding periodTax treatmentHoldings and rulesSource
ISKinvesteringssparkontoSecurities account
  • tax-free up to SEK 300,000 per year, shared with Kapitalförsäkring (as of 2026, per the source)
not stated
  • Annual tax on a standardised return instead of the actual one
  • Sales inside the account trigger no tax
  • Dividends and interest are not taxed as they arrive
  • Tax-free amount
  • Shares, ETFs, funds, bonds and cash
  • only certain securities (see source)
  • losses are not deductible
Source: skatteverket.seAs of 25 October 2026
KapitalförsäkringInsurance contract
  • tax-free up to SEK 300,000 per year, shared with ISK (as of 2026, per the source)
not stated
  • Tax-free amount
not statedSource: skatteverket.seAs of 25 October 2026
ISK
Instead of gains and dividends, a deemed return is taxed at 30% each year: the government borrowing rate on 30 November of the previous year plus one percentage point, at least 1.25%. For 2026 that is 3.55% (2.55% + 1) of the capital base, an effective 1.065% on the part above the tax-free base amount of SEK 300,000 (2025: SEK 150,000). The base amount covers ISK, endowment insurance and PEPP together and is deducted automatically in the return. Capital base: the values at the start of each quarter plus all deposits in the year, divided by four. Interest on cash in the ISK is taxable if its rate exceeds the November government borrowing rate of the previous year (from 2025). Losses are not deductible; an account has a single owner; moving securities from an ordinary depot into an ISK counts as a sale. Eligible: instruments on a regulated market anywhere in the world, on an MTF only within the EEA, fund units and cash.
Kapitalförsäkring
The insurer pays the yield tax (avkastningsskatt) and charges it to the customer under the contract; holders of a Swedish endowment insurance report nothing for it in their return. The tax-free base amount is deducted from the ISK first. A Swedish resident holding a foreign endowment insurance normally pays the yield tax in Sweden.Source: skatteverket.seAs of 25 October 2026

What brokers in our comparison offer in Sweden

Only brokers that accept clients resident in Sweden, and only what a source documents. A broker missing from a row is undocumented — not a “no”.

ISK offered

Kapitalförsäkring offered

Website in Swedish

By trading style

Best broker per category

Every category weights the rating criteria differently — which is why the same provider rarely wins everywhere.

Transparency

Not available here

Transparency means showing the gaps too. These recorded providers do not accept clients resident here.

Tax and protection

Tax, supervision and investor protection in Sweden

Every fact with its source and the date we read it. Not tax or investment advice.

Supervision

Investor protection

  • Investerarskyddet (Riksgälden)Securities: up to SEK 250,000 per clientSource: riksgalden.seAs of 25 October 2026

    Compensates securities or money an institution cannot return after a bankruptcy, up to SEK 250,000. Applies to all customers, companies included; on joint depots each person counts separately. The claim must be made to Riksgälden within one year of the bankruptcy decision. Page last updated 10 July 2019.

  • Insättningsgarantin (Riksgälden)Bank deposits: up to SEK 1.15m per client and institutionSource: riksgalden.seAs of 25 October 2026

Such schemes pay when an institution fails and cannot return securities or cash. They do not cover falling prices.

US withholding tax

15% on US dividends: the rate under the income tax treaty with the US

Source: irs.govAs of 25 October 2026

Per the IRS-hosted Technical Explanation of the 1994 convention, art. 10(2): 15% on portfolio dividends; 5% only for companies holding directly at least 10% of the voting power. We have not read the treaty text or the later protocol.

Locally licensed providers we do not compare (yet)

Not rated and not part of our ranking; listed alphabetically. The details come from the providers themselves and the sources named.

  • Avanza Bank

    not rated
    Regulator:
    Finansinspektionen
    Website: avanza.seSource: riksgalden.seAs of 25 October 2026

    Per the member list of the Swedish investor protection scheme (Riksgälden; list dated 31 July 2019). We have not confirmed an ISK offer.

  • SEB (Skandinaviska Enskilda Banken)

    not rated
    Regulator:
    Finansinspektionen
    Website: seb.seSource: riksgalden.seAs of 25 October 2026

    Per the member list of the Swedish investor protection scheme (Riksgälden; list dated 31 July 2019). We have not confirmed an ISK offer.

  • Svenska Handelsbanken

    not rated
    Regulator:
    Finansinspektionen
    Offer per source:
    ISK
    Website: handelsbanken.seSource: handelsbanken.seAs of 25 October 2026Source: riksgalden.seAs of 25 October 2026

    Member of the Swedish investor protection scheme per Riksgälden's member list; offers an ISK per its own page.

  • Swedbank

    not rated
    Regulator:
    Finansinspektionen
    Website: swedbank.seSource: riksgalden.seAs of 25 October 2026

    Per the member list of the Swedish investor protection scheme (Riksgälden; list dated 31 July 2019). We have not confirmed an ISK offer.

Sources and dates

We read every fact in these sections at the source named, on the date shown. Law and offers change; the source is what counts.

Show 11 sources
  1. Source: fi.seAs of 25 October 2026
  2. Source: skatteverket.seAs of 25 October 2026
  3. Source: skatteverket.seAs of 25 October 2026
  4. Source: skatteverket.seAs of 25 October 2026
  5. Source: nordnet.seAs of 25 October 2026
  6. Source: nordnet.seAs of 25 October 2026
  7. Source: irs.govAs of 25 October 2026
  8. Source: riksgalden.seAs of 25 October 2026
  9. Source: riksgalden.seAs of 25 October 2026
  10. Source: riksgalden.seAs of 25 October 2026
  11. Source: handelsbanken.seAs of 25 October 2026

Head to head

The top 8, row by row

Fees apply to retail accounts under normal market conditions. Each provider's data date is on its review.

The top 8, row by row — Sweden
Rank#BrokerOverall scoreStocks (per order)Minimum depositFX conversionLocal licenceTax withheldAsset classesAction
1Charles SchwabSEC · FINRA · FDIC4.6FreeNone1 %Local licenceTax withheld9Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

2IG logoIGFCA · BaFin · FINMA4.5FreeNone0.8 %Local licenceTax withheld13Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

3Interactive Brokers logoInteractive BrokersSEC · FCA · CBI4.50.05 %None0 %Local licenceTax withheld12Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

4CMC Markets logoCMC MarketsFCA · ASIC · BaFin4.4Free (CFD)None0.7 %Local licenceTax withheld10Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

5PepperstoneFCA · ASIC · BaFin4.40.1 % (CFD)US$100.8 pipsLocal licenceTax withheld9Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

6Saxo logoSaxoDFSA · FCA · FINMA4.40.08 %None0.25 %Local licenceTax withheld11Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

7Capital.com logoCapital.comFCA · CySEC · ASIC4.3in the spreadUS$200.7 %Local licenceTax withheld8Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

8XTB logoXTBKNF · FCA · CySEC4.3FreeNone0.5 %Local licenceTax withheld8Visit broker

Risk warning: CFDs and other leveraged products are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money.

Provider holds a licence from a supervisory authority of this country. Our dataset records the provider as a tax withholding agent for this country.

Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.

Countries

Frequently asked questions

44 of the 72 providers recorded in our dataset accept clients resident in Sweden. The highest rated right now are Charles Schwab, IG and Interactive Brokers. The full ranking with fees and regulation is at the top of this page.

Content on Brokaro is for information purposes only and is not investment, legal or tax advice. All information is provided without guarantee; only the provider's own statements are authoritative.

Read on

Guides and calculators for investors in Sweden

Background on tax, fees and regulation — and calculators for your own amounts.

Guides

Calculators

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