Best online brokers in Sweden in 2023 (2024)

To help you to find the online brokers in Sweden in 2023, we went ahead and did the research for you. We collected all data you need to know about account opening, trading performance and fees of the best investment providers in Sweden.

1. Find an online broker

First, you need to make sure that the broker you're looking at is available in Sweden.

Would you like to speed up your search?

Our broker finder tool will help you narrow down your choices, showing only those brokers that are available in your country and are suitable for your investment goals and habits. And if you want a detailed, side-by-side comparison of these alternatives, check out our broker comparison table.

2. Open your account

Opening an account at an online broker is usually easy and straightforward, and takes place fully online. Most of the time, you just need to provide your name, address and other basic information, and maybe answer some questions about your wealth/income status, financial knowledge or trading experience.

Make sure you have your documents at hand, as

  • copies of a photo ID
  • some recent bank statements
  • or utility bills

are usually required to verify your identity and residency.

3. Fund your account

So your trading account has been verified; the next step is to fund it – in other words, to deposit money that you will then use for investing. Some brokers require a minimum deposit when you open your account, but most brokers do not have such a requirement, allowing you to take your time before committing any funds.

All brokers will allow you to deposit or withdraw funds via bank transfer; an easy, usually free, though not always super-fast method. Withdrawing money to your bank account can take as long as three days.

Many brokers also let you deposit (though not withdraw) funds using credit or debit cards. A few will also accept so-called electronic wallets such as PayPal, Apple Pay, Skrill or Neteller. The biggest benefit of cards and e-wallets is that transactions take place instantly, allowing you to start investing – or reap the proceeds of a successful stock sale – right away.

4. Invest

You may already know which product you want to invest in; if not, it's worth checking out the research section of your broker, which often includes trading ideas and recommendations by in-house experts or third-party analysts.

Once you have settled on a stock, it's easy – just

  • select it from the broker's search menu
  • enter the amount
  • invest

Most trading platforms will offer several order types - such as a "Market" order to invest at the current price, or a "Limit" order to invest later at a specific price. To learn more about various order types, read this article.

Best online brokers in Sweden in 2023 (2024)

FAQs

Best online brokers in Sweden in 2023? ›

TD Ameritrade is considered one of the top brokerage firms in the U.S. because of its value and quality of service. The firm provides clients with a 24/7 customer support system,34 a user-friendly website with mobile access, research and advanced trading tools.

What is the best trading platform in Sweden? ›

Top 5 Online Brokers & Trading Platforms in Sweden in 2023:
  • Interactive Brokers is the best online broker and trading platform in 2023. ...
  • eToro takes second place. ...
  • DEGIRO rounds out the top three. ...
  • XTB is numero quattro. ...
  • Saxo Bank just made it to the list at number five.

How do I find a reliable broker? ›

  1. Look at commissions on the investments you'll use most.
  2. Look for brokers with a track record of reliability.
  3. Pay attention to account minimums.
  4. Watch out for account fees.
  5. Look at the pricing and execution fine print.
  6. Consider tools, education and features.
  7. Take advantage of promotions.
Mar 31, 2023

What is the most successful brokerage firm? ›

TD Ameritrade is considered one of the top brokerage firms in the U.S. because of its value and quality of service. The firm provides clients with a 24/7 customer support system,34 a user-friendly website with mobile access, research and advanced trading tools.

Can you use Interactive Brokers in Sweden? ›

Interactive Brokers is the best international online brokers in Sweden in 2023. - Low trading fees and high interest (up to 4.58% for USD) on cash balances. Wide range of products. Many great research tools.

Which app is mostly used in Sweden? ›

In September 2022, Facebooks' Messenger had by far the highest number of daily active users (DAU) in Sweden and thus, it was the most used communication app. Over 302 thousand people used it on a daily basis. Skype came second here, reaching a DAU amount of nearly 265 thousand.

Who are the largest online retailers in Sweden? ›

Sweden: Top 10 online stores

Netonnet.se is leading the Swedish e-commerce market, with e-commerce net sales of US$746 million in 2021 generated in Sweden, followed by apotea.se with US$584 million. Third place is taken by amazon.se with revenues of US$428 million.

How do you know if a broker is scamming you? ›

Visit FINRA BrokerCheck or call FINRA at (800) 289-9999. Or, visit the SEC's Investment Adviser Public Disclosure (IAPD) website. Also, contact your state securities regulator. Check SEC Action Lookup tool for formal actions that the SEC has brought against individuals.

Which broker is the safest? ›

Safest Brokerage Firms
ReviewStocksPromotions
Firstrade$0Earn up to $4,000 cash bonus & get transfer fee reimbursem*nt.
Robinhood$0Get up to $200 in free stock with a new Robinhood account.
TD Ameritrade$0$0 stock/ETF trades and a transfer fee refund.

What is the best way to choose a broker? ›

Key Takeaways
  1. Your choice of broker should reflect your investment style—whether you lean toward active trading or a more passive, buy-and-hold approach.
  2. Always make sure your broker is fully licensed by state regulatory authorities and FINRA and registered (individually or via their firm) with the SEC.

What brokerage do most millionaires use? ›

What brokerage firms do billionaires use? Many very wealthy individuals use the top brokerage firms, such as Fidelity, Schwab, Vanguard, and TD Ameritrade, among others. They invest in private equity and hedge funds.

What is the fastest growing brokerage in the world? ›

10, 2022 (GLOBE NEWSWIRE) -- eXp Realty®, the fastest-growing real estate brokerage on the planet and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), today announced it has exceeded 85,000 agents globally, representing an increase of 30% when compared to 65,286 agents at the start of October 2021.

Which brokerage is best to join? ›

Best Online Brokerage Accounts and Trading Platforms of 2023
  • Best Overall: Fidelity Investments.
  • Best Broker for ETFs: Fidelity Investments.
  • Best Broker for Low Costs: Fidelity Investments.
  • Best Broker for Beginners: TD Ameritrade.
  • Best Broker for Mobile: TD Ameritrade.
  • Best Broker for Advanced Traders: Interactive Brokers.

How to buy stocks in Sweden? ›

TLDR
  1. You can buy and sell stocks when the Swedish Stock Exchange is open between 09.00-17.30.
  2. Select which share you want to buy.
  3. Choose which investment account you want to buy the shares in.
  4. Enter how much money you want to buy shares for.
  5. Make sure you have the right brokerage class before you buy your shares.
Jan 21, 2023

Is trading allowed in Sweden? ›

Yes, forex trading in Sweden (Sverige) is legal, and traders can enter the forex market by opening an account with an online forex broker. We always recommend that traders use a broker that is highly regulated – preferably by your country or region's local regulator.

Can US citizens use Interactive Brokers? ›

While many brokerages are only open to U.S. investors, Interactive Brokers is available to investors in more than 200 countries and territories.

What is the Swedish number 1? ›

Swedish Numbers
0noll
1en, ettförsta
2tvåandra
3tretredje
4fyrafjärde
30 more rows

What is the Swedish equivalent of eBay? ›

Tradera.com is an online marketplace based in Stockholm, Sweden.

Where can I sell things online in Sweden? ›

The top ecommerce sites in Sweden are Amazon, eBay and CDON.com. Other top retail sites include Ikea, Apple, Prisjakt Sverige, PriceRunner Sweden, Elgiganten.se, Ticketmaster and NetOnNet.

What is the most successful online retailer in the world? ›

Worldwide: Top 10 online stores

Amazon.com is leading the global e-commerce market, with a revenue of US$131,019 million in 2021 worldwide, followed by jd.com with US$118,515 million.

Can you trust a broker? ›

Can You Trust a Broker? Because there are so many ways to check brokers, it is actually a bit rare to see a working broker who isn't licensed. However, a licensed broker could persuade you to make investments that benefit them or their firm more than you as a client.

What happens if a broker is wrong? ›

In theory, if you have lost money because your broker (or any financial institution) gave you bad advice, mismanaged your investments, misled you, or took other unlawful or unethical actions, you can sue for damages. If these breaches of duty are provable, the "merits of the case" are strong, as a lawyer would say.

What are the red flags of a scammer? ›

Promises unusually high returns. Requires an upfront investment - even for a "free" prize. Buyers want to overpay you for an item and have you send them the difference. Doesn't have the look of a real business.

Which broker is best and cheap? ›

12 Best Discount Brokers in India 2023 – Most Popular...
  • Zerodha.
  • Angel One (Previously Angel Broking)
  • Upstox.
  • 5Paisa.
  • Kotak Securities (Trade FREE Plan)
  • Groww.
  • Paytm Money.
  • Trade Smart.
Mar 30, 2023

How much should I pay to broker? ›

Realtors and real estate brokers typically charge around 5% to 6% of the selling price of a house. 2 This is often split between the seller's agent and the buyer's agent. Some discount real estate brokerages may charge a lower rate or instead offer a fixed-fee service. E-Trade.

What to look for when searching for a broker? ›

As you look for a broker, consider these 15 items.
  • Commission split. Too many new real estate agents think choosing a broker is primarily based on commission splits. ...
  • Internet presence. This is very important these days. ...
  • Fees. ...
  • Brokerage size. ...
  • Facilities. ...
  • Location. ...
  • Training. ...
  • Mentor program.

Is it better to invest with a bank or a broker? ›

It's generally agreed that independent brokers make superior investments because they're cheaper, more flexible, have fewer conflicts of interest, and are more dynamic in terms of the user and trading experience. Banks certainly have a place in your financial plan.

Where is the best place to invest $1,000,000? ›

But since costs and risks can run high, real estate investment trusts (REITs) may be the best choice for your $1 million investment. These real estate funds issue shares that trade just like stocks, and they pay out dividends to holders.

What broker does Warren Buffett use? ›

To summarize, Warren Buffett mostly doesn't use regular brokers like the majority of retail traders around the world. Instead, he prefers to make trades through a private stockbroker like John Freund in order to ensure that his movement is discreet and won't cause huge price swings in the market.

Who is the biggest broker in the world? ›

With over $11.1 trillion in assets under management, Fidelity is the largest online broker worldwide. In second place, Vanguard AUM stands at $7.2 trillion.

What is the oldest brokerage firm? ›

Inman.com names Chicago's Baird & Warner Real Estate as “the oldest US Real Estate Brokerage” citing their 160 years of business and the granting of a $5,000 mortgage loan in 1855 as the basis for the title.

Who is the largest real estate brokerage in the US? ›

The largest real estate company in the USA is Coldwell Banker. Founded in 1906, Coldwell Banker has over 100 years of experience buying and selling homes that they share with the people they work for.

What is the fastest growing brokerage in North America? ›

On April 1st, 2021 in the annual Real Trends 500 report, Lamacchia was reported to be the fastest-growing Leading Real Estate Companies of the World® affiliate over the last five years. This growth was for both transactions and sales volume for all LeadingRE affiliates in the United States.

Which online brokerage has the most users? ›

The largest brokerage firms by active brokerage accounts

Fidelity boasts the most active brokerage accounts, with 35.6 million, among major firms for which data is available.

Which trade is best for beginners? ›

The Indian Stock Market is a great place to start investing money, especially for beginners. Moreover, it offers an excellent opportunity for people who want to enter the market without worrying about the technicalities of buying and selling stocks.

Which app has highest brokerage? ›

List of The Top 10 Trading Apps In India
RankNamesBest Offers
1Paytm MoneyRs. 500 free brokerage this month
2Zerodha KiteZerodha Referral and Earn: Flat 10% Brokerage + Extra 300 Reward Points
3Angel OneFree Offer : Free Demat Account
4Upstox AppSign Up Offer: Sign up for Free and start your investing journey today
6 more rows

Is Sweden a good country to trade with? ›

Sweden possesses a strong and stable economy, making it an attractive location for foreign investment. The country ranks 10th out of 190 economies for ease of doing business, according to the World Bank's Doing Business report for 2020.

What is the best way to invest in Sweden? ›

How to invest money in Sweden? The easiest way to invest money in Sweden is to do it through a stock broker such as Avanza, Nordnet, or an investment robot such as LYSA or Sigmastocks. My preferred way to invest money in Sweden if you have 0 knowledge is through LYSA.

Can I use Robinhood in Sweden? ›

Other FAQs about Robinhood

No, European investors cannot use a VPN to open a Robinhood account. Upon account opening, Robinhood requires specific documentation that proves that you are a US citizen.

What does Sweden trade with the United States? ›

Sweden-United States In 2021, Sweden exported $15.2B to United States. The main products that Sweden exported to United States are Cars ($2.82B), Packaged Medicaments ($1.34B), and Refined Petroleum ($858M).

Does Sweden trade with the US? ›

Sweden Exports to United States was US$17.56 Billion during 2022, according to the United Nations COMTRADE database on international trade. Sweden Exports to United States - data, historical chart and statistics - was last updated on June of 2023. Base metals not specified elsewhere, cermets.

Is Sweden in a recession in 2023? ›

The Government's assessment is that the Swedish economy will be in recession throughout 2023 and that the recession will deepen in 2024, with expected GDP growth of -1.0 per cent in 2023 and 1.2 per cent in 2024.

What is in high demand in Sweden? ›

Foreign languages are currently one of the most in-demand skills among professionals in Sweden. With many available roles that require social interaction such as sales, healthcare, and customer service, there is an increased need for people who can speak multiple languages.

Can a US citizen buy property in Sweden? ›

Yes. Foreigners in Sweden can buy and sell real estate without restrictions. They can also rent out an apartment if the cooperative housing allows that.

Where is the best place to buy in Sweden? ›

Top Shopping Destinations in Sweden

Stockholm, Gothenburg and Malmø are the absolute top destinations for shopping. No matter you are looking for a local article, a souvenir, famous Swedish brands etc.

Can you invest in US stocks from Sweden? ›

Stocks and bonds are regulated by US law, yet, you do not have to be a US citizen to trade in the US stock market; in other words, you may buy US shares being a Swedish citizen. No specific laws prohibit non-US citizens from investing in US stock markets like NYSE (New York Stock Exchange) or Nasdaq.

Can I keep my Robinhood account if I move to another country? ›

Can I access my account while I travel overseas? You can access your Robinhood account in almost all countries, with the exception of Cuba, Iran, North Korea, Syria, and the Crimea region of Ukraine.

Can I use TD Ameritrade outside the US? ›

TD Ameritrade mainly targets US investors but also accepts clients from different countries. Clients from Singapore, Malaysia, Thailand, China, Hong Kong, and Taiwan are redirected to other TD Ameritrade websites, while users from Canada will be directed to TD Direct Investing, a different company than TD Ameritrade.

Do you have to pay taxes on stocks Sweden? ›

Capital gains on stocks are taxed at 30%. The taxable gain on the sale of stock is the net profit (i.e. the sales price less the average purchase price for all stock of the same kind). Only 70% of the calculated loss may normally be deducted.

What is the Swedish trade secret law? ›

Anyone with an idea that cannot or should not be patented instead has the possibility of obtaining protection through the Swedish Trade Secrets Act. This legislation can be used to protect and keep both technical and non-technical information, such as business plans and customer records, confidential.

What is the trade tax in Sweden? ›

The Swedish VAT system is harmonised with the EU rules. The general VAT rate of 25% is chargeable on most goods and services.

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