5 Best Online Forex Brokers in Denmark – In Depth Review 2022

If you live in Denmark, the brokers support payment options to help you quickly withdraw profit and deposit. The fees they provide are very cheap and support MT4, MT5, and cTrader trading platforms.

They offer the cheapest fees and support MT4, MT5, and cTrader trading platforms. When you trade in Denmark you should know about your choices with an Austrian trading broker. You have to stay in the loop for markets in Northern Europe such as Denmark.

Many brokers also include helpful educational and research tools to provide beginners an enhanced knowledge about the trading process. The signup bonus for the newbies is also outstanding for traders in Denmark. Moreover, it is safe, trusted, and has a long-term history in the world of Forex.

We bring to you the excellent trading sites where you can trade in Denmark, trade Forex, Indices, CDFs, CTFs, Binary, Stocks, Options, and cryptocurrencies such as Bitcoin and Ethereum. Let’s discuss the brokers in detail!

Best Online Forex Brokers in Denmark

5 Best Online Forex Brokers in Denmark

#1. Best Advanced for Non-US Traders: Avatrade

Avatrade is one of the safest online brokers and is regulated by the top tier-one jurisdiction. This is the reason which makes it a trustful CFD and Forex broker. The range of marketing is great, and it should also be good for traders. Avatrade is offering its clients worthy selections for trading platforms.

Avatrade has stopped the trading platforms like mirror trader and Robox. With dedicated web trading platforms like meta-trader and Avatrade acting as an alternative, it offers a huge variety of platforms catering to automated and manual traders. The Central Bank of Ireland and securities and exchange commission declares it the best broker for social trading.

Avatrade attracts traders with different skills and levels to offer them an adaptable trade site. There are more than 200000 registered clients with a trading volume of 2 million per month. Want more to know about this CDF and forex broker? Let’s take a closer look!

How does it work?

Before you start trading forex with AvaTrade, please be aware of the possible risks. CFDs in particular are very complex and your capital is at risk if you don’t know what you are doing. Nonetheless, getting started with AvaTrade is actually not that hard. The first step is to sign up for trading accounts.

It would be best to start with a demo account and then upgrade to live trading accounts when you are ready. Some personal info will be needed before the account is approved including simple KYC questions and questions about your trading experience.

Once the account is active, you can go ahead and add some money. The min deposit at AvaTrade is $100 but you can deposit more depending on your trading needs. Once the deposit is reflected in your trading accounts, you can choose a trading platform and start investing in currency pairs and other asset classes on this platform.

Pros

• Fast and effortless account opening
• Different withdrawal and deposit issues
• Excellent research tools
• Effective and reliable functioning

Cons

• Incredible inactivity fees
• Average forex fees

Price

As with many forex brokers these days, AvaTrade offers commission-free trading on currency pairs and other assets including stocks. Now, this of course does not mean you won’t be charged for trading. The bid/ask spread structure is often employed in determining payable fees.

The good news is that AvaTrade has some of the tightest spreads. For example, in the EUR/USD pair, spreads start from as low as 0.9 pips. For large volume traders with professional trading accounts, the spreads are even lower. Based on this, it is clear that AvaTrade fees are well in line with other competitors like FXCC and others.

#2. Best Intermediate for Non-US Traders: FXCC

If you are looking for the best forex brokers when it comes to trade execution and speed, then FXCC has to be your first choice. The broker also comes with easy-to-use trading platforms, making it a great choice for intermediate forex traders. You also get very low fees with spreads starting from as low as o.1 pips.

FXCC also has a superb variety of tradable assets including metals, commodities, currency pairs, and stocks. As for folks who would love to trade with leverage, FXCC offers 1:300, one of the highest in the industry. There is also a dedicated team of customer support reps standing by to help you with anything and in-depth educational materials to help you get started with trading forex.

FXCC is also regulated by tier 1 bodies in various jurisdictions, including the Cyprus Securities and Exchange Commission Cysec and ASIC in Australia. For these reasons, the broker makes it to the list of the best firms to work within forex trading.

How does it work?

As the second-best forex broker, it also provides users to leverage. It can make multiple the initial accounts balance. But as a matter of fact, it should be used very wisely as it can increase the power of losses too.

For the convenience of traders, they can start a risk-free trial of 30 days on a demo account to easily test new strategies and practice skills before they commit real money. Following some easy steps, you can start up with your practice account loaded with virtual funds of 10000 dollars.

You can connect your trading account from any place with the help of the MT4 mobile phone app. Due to its easy-to-use reliability and interface, the state-of-the-art platform gets good feedback.

Pros

• 100% first deposit
• Free Virtual Private Server
• Includes MetaTrader 4 platform
• high leverage trading

Cons

• It does not include Denmark based traders
• Lacks different trading platforms

Price

FXCC offers some of the lowest trading fees of any forex broker. There are even some trading accounts that come with commissions free trading on several supported assets. FXCC offers low spreads too, starting from as low as 0.1 pips depending on trade volume, liquidity, and type of asset.

The EUR/USD currency pair is the most liquid and has massive trade volumes. Here, you are likely to pay close to zero fees. The fees charged by the broker are below the industry average, making it a great choice for high-volume active traders.

#3. Best Overall Broker: Forex.com

FOREX.com provides various offerings from spread betting to CFDs across various asset classes, but every region can access all. It is considered safe due to having a long track record. The top financial tiers regulate this trading forex broker.

The parent company of this forex broker has been listed on the stock exchange. Aside from the forex market, where derives the name, FOREX.com also offers indices, commodities, ETFs, bonds, individual stocks, silver, and gold.

The Denmark service offers clients’ accounts security like ESMA-mandated anti-guaranteed to stop losing orders and balance protection. FOREX.com is ideal for every trader who seeks exposure to a wide array of asset classes and materials.

It is a great fit for high-volume forex traders. Material offerings vary by place but still, it emphasizes reliable and fast execution, diversity of other and Forex platforms, and security accounts. In Denmark, it’s geared to those interested in trading foreign exchange markets.

How does it work?

FOREX.com gives accessibility to more than 80 currency pairs along with a competitive spread over various types of accounts to clients in Denmark.

A navigable and well-organized website along with complete disclosure of fees and services, research, and education tools. Furthermore, multiple user interfaces are on par along with the industry’s standards and regulatory oversight place.

So it depends upon your location and the entity holding your account that what is available for you on FOREX.com. You can trade cryptocurrency using CFDs; also, underlying asset trading is not available, for instance, buying bitcoin.

The web Trading Platform of FOREX.com is recommendable for casual traders because it is simple to browse through place trades and markets and conduct searches. TradingView powers all the charts as well, as it is loaded with approximately ten chart types, 100 indicators, and 14 timeframes.

Within the forex platform, the investors can access economic calendars, positions, charts, news and order or trade history, access research reports and trade signals, and market analysis from the FOREX.com analysts.

 Pros

• A wide variety of products
• TradingView charts
• Ideal for high-volume traders
• User-friendly and reliable

Cons

• No guaranteed for Denmark clients
• Lacks effective website maintenance

Price

Forex.com charges both fixed commissions and spread-based fees depending on the account you are using. So, if you choose a commission-based account, you will pay a flat fee of USD 5 per standard lot, which is around 100K. You will also incur spread costs even if there is a fixed commission on the trade.

For instance, let’s say you decide to purchase 200, 000 EUR/USD with a maximum spread of around 0.2 pips. The flat commission charged here will be $10. However, the 0.2 spread will attract an additional fee of $2 per trade. This will translate to about USD 12 in fees. The trade volume is what determines how much you pay but even then, the fees at Forex.com are competitive compared to other brokers.

#4. Best for International Forex Traders: eToro

For the cryptocurrency investors in Denmark, EToro has a graphics-intensive web platform. At the same time, the clients who are not in Indonesia are advised to trade contracts and stocks for the difference. A key feature of such a special proprietary platform is that the client can easily implement copy trading.

The main point of your experience with eToro is the ease it provides to complete tasks and carry out basic operations. The more instruments include searching the market available, making watchlists, and directly placing trades from the watchlist.

How does it work?

EToro platform features investors who like to follow risk-control rules and want to be duplicated. The retail account holders are accessible to mimic trading strategies and trades of many successful customers in real-time and automatically.

Note that the copy trading in and itself does not hold a guarantee of losses or gains. This platform is a little pricier concerning its competitors for trading Forex and CFDs. Although the recent introduction of zero-dollars commission and cutting spreads for the trading stock is beneficial.

All the investors on the eToro are trading manually. EToro does not permit completely trading systems like those supported by M.T. Thus, when you copy trade the Etoro, it is guaranteed that every placed trade is manual.

Pros

• 15 cryptocurrencies options
• Easy-to-use website
• Great community for traders

Cons

• Broad Spreads for trading cryptocurrencies
• $25 minimum deposit

Price

The clients in Denmark who trade cryptocurrencies have to pay 0.75 percent to 5.0 percent; this depends upon which currency you trade. In contrast, customers out of Denmark don’t have to pay any commission to close or open a long position. Small sales invite 0.18 percent commission of the trade value.

The clients in Denmark are not charged for withdrawal of funds, except you are supposed to have a minimum withdrawal of 30 dollars. The withdrawal fee for out of Denmark customers is 5 dollars.