Best online brokers & trading apps in Norway (for locals & expats)

Norway is one of Europe’s most financially responsible and digitally advanced countries, with a strong tradition of saving and long-term investing, as shown by its sovereign fund. 

Today, Norwegian residents have access to a wide range of online brokers and trading apps, from affordable ETF savings plans (månedlig sparing) to powerful platforms designed for active traders.

While low fees are important, the right broker should also align with your financial goals, offer access to the markets you care about, and provide a secure, user-friendly experience. Regulation and supervision by the Finanstilsynet (Norwegian Financial Supervisory Authority) and other European authorities help ensure investor protection. While Norway is not in the EU, the local regulator has adopted many European rules (such as MiFID II).

In this guide, we review the best online brokers and trading apps in Norway, comparing fees, features, safety, and usability, so you can choose the platform that fits your strategy and start investing with confidence.

The best brokers & apps in Norway

Best local broker:

• Nordnet: It provides an excellent platform with advanced tools for both beginners and active traders. It offers ISK/ASK accounts, NOK settlement, and local tax reporting.

Best international brokers (best for expats):

• Interactive Brokers: The most complete broker in Norway, you can choose between desktop platforms, TWS, Web Portal & desktop, plus two investing apps, IBKR Mobile or IBKR GlobalTrader (based on your level of experience).
• eToro: Best if you want social elements, eToro has in-built features like CopyTrader and News Feed to copy and learn from other investors. On the downside, it's primarily a CFD broker. eToro offers a welcome bonus in Europe.
• XTB: Best app for commission-free stock and ETF investing (some conditions apply), plus CFDs. The xStation app is most suitable for forex/short-term traders.
• Trading 212: Best platform for beginners and earning interest on cash, including the Norwegian krone (NOK). Trading 212 is gaining popularity across Europe as a straightforward platform for investing. New users earn a free fractional share.

For larger amounts, Interactive Brokers is a solid solution. It’s the broker with the highest level of assets under management and the most well-established.

Trading 212 is great for earning interest in NOK, but also other currencies like EUR, USD or GBP.

eToro is best if you want to copy/follow other investors. XTB is best for forex/CFDs.

If you’re a beginner or want to invest with low commissions, any of the options are valid. 

Currently, popular European brokers such as Lightyear, Trade Republic, or DEGIRO are not yet available in Norway.

_{Note: DNB Bank is Norway’s largest bank, and DNB Markets is its brokerage/trading arm. However, the commissions are pretty high, which is why we decided not to include them in our list.}

💡Note on taxes in Norway:

For Norwegian investors, one of the key differences between brokers lies in how taxation is handled.

Brokers regulated in Norway or with local operations, such as Nordnet or DNB Markets, automatically report your transactions, dividends, and realized gains to the Norwegian Tax Administration (Skatteetaten). 

If you invest through an Aksjesparekonto (ASK) or other locally supported account types, your tax reporting is largely automated, and gains are only taxed when you withdraw profits from the account.

However, international or EU-based brokers (like Interactive Brokers or eToro) do not report your taxes automatically. If you use these platforms, you are responsible for declaring capital gains, dividends, and interest income manually in your annual tax return to Skatteetaten.

Here’s a quick comparison:

Review of each broker

Nordnet AB

• Minimum deposit: NOK 0
• Currency conversion fee: ~0.25% (FX spread when buying products in another currency)
• Regulator applicable in Norway: Finansinspektionen (Swedish Financial Supervisory Authority)
• Demo account: No

Founded in 1996 and listed on Nasdaq Stockholm (NNB), Nordnet is one of the largest online brokers in the Nordic region, operating in Norway, Sweden, Denmark, and Finland. Its goal is to make saving and investing simple and accessible to everyone, offering the same professional-grade tools used by institutional investors.

For Norwegian clients, Nordnet provides locally adapted accounts, including the Aksjesparekonto (ASK) for tax-efficient investing in stocks and equity funds, as well as pension savings accounts and standard brokerage accounts (Aksje- og fondskonto).

Nordnet’s investment platform gives access to a wide range of products:

• Stocks, ETFs, and funds (including Nordnet Index Funds and Nordnet One balanced portfolios)
• Options and futures
• Bonds, savings, and pension accounts
• Private Banking services for high-net-worth investors (from around NOK 2 million), including multi-currency accounts and personalized support

Investors pay no account or custody fees, and the platform is available entirely in Norwegian, with full integration to Skatteetaten for automatic tax reporting.

For Norwegian shares, trading fees start at 0.049% to 0.25% per trade, depending on your customer plan. For U.S. stocks, the minimum commission is USD 1, with a currency conversion cost of about 0.25%. Investments in Nordnet’s own index funds are free of charge, while the Nordnet One balanced funds carry an all-in annual cost of around 0.50%.

Nordnet Bank AB is a Swedish bank, licensed and primarily regulated by the Swedish Financial Supervisory Authority (Finansinspektionen). It operates in Norway via passporting, so Finanstilsynet does supervise the Norwegian branch’s activities, but:

• The main regulator & license are Swedish
• The investor/deposit protection schemes are Swedish, not Norwegian

Pros

• No account or custody fees
• Seamless tax reporting to Skatteetaten
• Local ASK and pension accounts for Norwegian investors
• Excellent mobile and web platforms
• Access to low-cost index funds and automated savings (Nordnet One)
• Strong regulatory oversight across the Nordics

Cons

• No demo account
• No cryptocurrency trading
• Higher fees for actively managed funds
• Some international market data requires subscription

Interactive Brokers (IBKR)

• Minimum deposit: NOK 0
• Currency conversion fee: 0.002% ($2 min.)
• Regulator applicable in Norway: Central Bank of Ireland (CBI)
• Demo account: Yes

Founded in 1978 and listed on NASDAQ (ticker: IBKR), Interactive Brokers is one of the most renowned and innovative brokers globally. It’s the industry benchmark when it comes to top-tier trading platforms.

Unlike many brokers that focus on a single interface, Interactive Brokers provides multiple platforms tailored to different needs and levels of expertise:

• Trader Workstation (TWS): Best suited for professional or highly active traders, TWS is the flagship platform with the most advanced functionality. It offers deep tools for research, charting, risk management, and order execution across global markets.
• Client Portal (Web Portal): Designed for accessibility and convenience, the Client Portal is perfect for everyday investors who want an easy-to-use interface. It provides access to portfolio monitoring and trading in stocks and ETFs, all from a browser without the need to install software.
• IBKR Desktop: A lighter, more modern alternative to TWS, IBKR Desktop combines power and simplicity. It’s designed for investors who want more than the Client Portal but prefer a less complex experience than TWS.

For mobile (iOS and android), Interactive Brokers offers two separate apps, depending on your level of investing experience:

• IBKR Mobile: This is for more experienced investors and is a mobile version of the flagship IBKR desktop platform. It has plenty of functionality for those who need full asset access on the go and want advanced tools and charts at their fingertips.
• IBKR GlobalTrader: This is ideal for those new to investing or those who prefer a straightforward strategy, investing in stocks, ETFs, and options. It’s designed with simplicity in mind, with a more stripped-back approach.

Here’s a quick look at IBKR Mobile:

Here’s a quick look at IBKR GlobalTrader:

Interactive Brokers’ investment offering is unmatched in terms of global asset diversity, including stocks, ETFs, bonds, mutual funds, options, futures, and forex. 

For Norwegian investors (locals and expats) seeking international exposure or looking to actively trade, IBKR stands out as a premium choice.

Interactive Brokers offers one of the most competitive fee structures available to Norwegian investors. For US stocks, commissions start at $0.005 per share ($0.35 minimum), while for European ETFs, costs are 0.05% of the order value (€1.25 minimum, €29 maximum). 

In terms of regulation, "Interactive Brokers Ireland Limited," the subsidiary through which Norwegian investors register, is regulated by the Central Bank of Ireland (CBI). Assets (including cash) are protected up to €20,000 as part of the Investor Compensation Scheme (ICCL).

In summary, Interactive Brokers is an excellent choice for beginner or experienced Norwegian investors and traders seeking a user-friendly, secure, and versatile apps for global investing.

_{Note: Interactive Brokers offers two commission plans: "Tiered" and "Fixed". The commissions mentioned here refer to the "Tiered" plan, which, based on our experience, is the most cost-effective option.}

Want to learn more? Check our Interactive Brokers review.

Pros

• Low commissions for US stocks
• No commissions for some funds
• Wide range of global assets
• Demo account available
• Excellent reputation (founded in 1978)
• Comprehensive research and educational tools
• Supports multiple currencies and pays interest on uninvested cash

Cons

• Complicated and time-consuming account opening process (but entirely online)
• Difficult-to-navigate website
• Calculating fees can be complex
• Not the most intuitive mobile interface

eToro

• Minimum deposit: $50
• Currency conversion fee: 0.5% (EUR to USD)
• Regulator applicable in Norway: Cyprus Securities and Exchange Commission (CySEC)
• Demo account: Yes

Founded in 2007, eToro has grown into one of the most widely used and beginner-friendly trading platforms globally. It recently went public with an initial public offering (IPO) listing on the Nasdaq exchange in the US (ticker: ETOR). It’s particularly well-known for pioneering social trading with its in-app “CopyTrader” feature, which allows users to follow and automatically copy the trades of other investors.

For Norwegian investors, eToro presents a compelling option, particularly for those new to investing or interested in global markets, cryptocurrencies, or copying the trades of others. The eToro app supports investing in stocks, ETFs, cryptocurrencies, and CFDs across various global markets. 

Here’s a quick look at the eToro investing app:

eToro’s biggest strength is its zero commissions on ETFs, making it a cost-effective way for Swedish investors to build a diversified portfolio. However, it’s no longer completely commission-free, with most stock trades costing $1, and trades on Australia, Hong Kong, Dubai, and Abu Dhabi exchanges costing $2 per trade. 

It's important to note that all accounts are USD-based, meaning a 0.5% currency conversion fee applies when depositing or withdrawing in your local currency.

In Norway, eToro operates under a European license via CySEC, ensuring compliance with MiFID II regulations. This means that investor protection is in place, with compensation available for up to €20,000 under the Investor Compensation Fund (ICF) in Cyprus.

In summary, eToro is an ideal investing app for Norwegian investors seeking a user-friendly platform with a strong community aspect, access to a diverse range of markets (including cryptocurrencies), and the ability to copy experienced traders.

For new users, it offers a welcome promotion in Europe - check the details here.

Want to know more? Check our in-depth eToro review, where we uncover the pros & cons of the broker.

Pros

• Commission-free trading on ETFs
• User-friendly app interface
• Invest from $10
• Low commission for stocks
• Social and copy trading features
• Broad selection of cryptocurrencies and CFDs
• Demo account available
• Innovative thematic “Smart Portfolios”
• Regulated within the EU (CySEC)
• Welcome bonus in Europe (up to $500)

Cons

• 0.5% EUR currency conversion fee on deposits/withdrawals
• No access to European stocks or full European exchange coverage
• Limited advanced charting and research tools
• Withdrawal fee of $5
• Inactivity fee of $10 per month after 12 months
• USD-only account base

XTB

• Minimum deposit: €0
• Currency conversion fee: 0.5%
• Regulator applicable in Norway: Cyprus Securities and Exchange Commission (CySEC)
• Demo account: Yes

Founded in 2002, XTB is a publicly traded company listed on the Warsaw Stock Exchange and a global broker based in Poland, known for its robust trading app and extensive educational resources. It offers a wide range of over 7,000+ financial instruments, including stocks, ETFs, forex, commodities, and indices. The platform is particularly appealing to active traders and those interested in CFD trading.

For beginners, XTB offers a demo account that allows trading with virtual funds, providing hands-on experience with the platform. XTB's xStation is a natively designed mobile app optimized for mobile trading with its full range of assets. Suitable for both beginners and experienced traders based in Norway, XTB is probably best suited to intermediate-level investors.

You can see what the XTB investing app looks like here:

For Norwegian investors, XTB’s app offers commission-free trading on stocks and ETFs, with a monthly turnover limit of €100,000. Beyond this threshold, a commission of 0.2% (€10 minimum) applies. 

There’s no platform fee to use XTB’s mobile trading app, and it doesn’t charge any fees for account maintenance or withdrawals above €50. 

XTB also pays interest on uninvested funds and offers an eWallet, which provides a multi-currency card, allowing you to make payments without any account maintenance fees. 

One downside is that XTB charges an inactivity fee of €10 per month after one year of no transactions, and if no deposits have been made in the last 90 days.

XTB operates under the subsidiary “XTB Limited”, which is registered under the Cyprus Securities and Exchange Commission with CIF Licence number 169/12.

In summary, XTB is a strong choice for Norwegian investors seeking a comprehensive and robust investing app with a wide range of instruments and charting tools, particularly for those interested in active trading and CFDs.

If you want to find out more, you can read our in-depth XTB review.

Pros

• Commission-free trading on stocks and ETFs (up to €100,000 monthly turnover)
• Advanced trading platform with comprehensive tools
• Natively designed mobile app optimised for investing
• Wide range of tradable instruments
• Extensive educational resources
• No account opening or maintenance fees

Cons

• 0.5% currency conversion fee 
• Limited product offerings for long-term investors
• Withdrawals under €50 cost €5
• Inactivity fee of €10 per month if your account is inactive for 12 months

Trading 212

• Minimum deposit: NOK 1 (NOK 10 for CFD accounts)
• Currency conversion fee: 0.15%
• Regulator applicable in Norway: Cyprus Securities and Exchange Commission (CySEC)
• Demo account: Yes

Trading 212 is a UK-based fintech company that offers commission-free trading on stocks, ETFs, and CFDs. The platform is designed to be user-friendly, making it suitable for beginners and casual investors just starting out. The platform also offers a free fractional share worth up to €100!

Opening an account is quick and easy. Within the app, you will have access to two different account types:

• Trading 212 Invest: Allows commission-free trading of stocks and ETFs.
• Trading 212 CFD: Allows trading of leveraged financial products (CFDs).

One of Trading 212's standout features is its multi-currency account, allowing users to hold and trade in multiple currencies, potentially reducing currency conversion costs. It even offers a Trading 212 debit card, with no currency conversion fee for payments in different currencies. Additionally, you can earn 1.5% cashback on purchases, up to a maximum of €15 per month.

Here’s a quick glimpse of what the Trading 212 investing app looks like:

For Norwegian investors, Trading 212 provides access to a wide range of European and US stocks and ETFs. 

The platform charges a currency conversion fee of 0.15% when trading assets in a different currency from your base currency. The platform also supports fractional share trading and offers an automatic investment system, as well as its “Pies”, which enable you to build and share custom portfolios.

In Norway, Trading 212 operates under the supervision of the Cyprus Securities and Exchange Commission (CySEC). Check our in-depth analysis on the safety of Trading 212 if you want to know more.

In summary, Trading 212 is an ideal choice for Norwegian investors seeking a user-friendly investing app with commission-free trading and features like fractional shares and Pies.

Want to learn more? Check our dedicated articles:

• How to invest in the S&P 500 using Trading 212
• Is Trading 212 safe?
• Trading 212 review 2025

Pros

• Commission-free trading on stocks and ETFs
• User-friendly mobile interface, easy for beginners
• Supports fractional shares and auto-investing
• Multi-currency account reduces FX costs
• Demo account available
• Unique customisable Pies feature
• Offers a free fractional share worth up to €100 with a promo code

Cons

• Limited advanced trading tools for experienced traders
• The mobile app is fairly basic in terms of charts and tools
• Fairly limited range of asset types
• Customer support can be slow during peak times

Criteria for the best investing apps in Norway

The summary of the broker selection in the list above was based on criteria that, in our view, meet the needs of most investors reading this article.

With that in mind, here are the factors considered:

1. Security and asset protection (including uninvested cash)

All selected investment apps available in Norway are supervised by European Union financial regulators. We also analyzed fund protection mechanisms, such as deposit insurance or account segregation, to ensure that investors' assets are properly safeguarded.

2. Costs and fees

Costs can significantly impact any investor's returns. We evaluated trading fees (including spreads and commissions per trade), inactivity fees, currency exchange fees, platform fees, and any other associated charges for using these apps. Priority was given to brokers with competitive costs or even commission-free structures for certain products, such as stocks and ETFs.

Investors should also consider the base currency of their account. Some brokers like Nordnet and Trading 212 support NOK, while others (eToro, XTB) convert deposits into USD or EUR, which can create additional FX costs.

3. Variety of available products

The diversity of assets available on any mobile trading platform is crucial for catering to different investor profiles. We considered platforms that offer Norwegian investors a broad range of products, including stocks, ETFs, bonds, and more specialised products such as CFDs (derivatives) and cryptocurrencies.

4. Ease of use

User experience is crucial, especially when you’re using an app to invest. We evaluated the platform's usability, from account registration and deposit process to trade execution and advanced features for experienced investors. Simple and intuitive interfaces were considered a positive factor as these elements are particularly helpful for beginners.

5. Quality of customer support

Customer support can make a difference in critical situations. We analyzed availability, speed, and effectiveness in resolving issues, as well as the available communication channels - whether that’s in-app chat, email, or over the phone.

Investor compensation scheme

The Investor Compensation Scheme (ICS) is the last safeguard for investors. When everything goes wrong, the ICS steps in to provide protection.

In the table below, we highlight the regulators of origin for each broker and the coverage limits (those applicable to Norwegian investors):

^{*Norwegian clients are legally customers of the Swedish entity, which “passports” its services into Norway under EU/EEA financial rules (MiFID passporting). So, your investor protection does not fall under the Norwegian Investor Compensation Scheme or the Norwegian Banks’ Guarantee Fund, but under the Swedish equivalent.}

Which investment app to choose in Norway?

Unfortunately, there’s no single "perfect" Norwegian investing app; each has its strengths and weaknesses. Interactive Brokers is an excellent choice for both beginners and more experienced investors who want to select an app tailored to their needs. It’s great especially for expats who plan on moving abroad.

Nordnet is the best local solution - it offers a well-balanced platform that combines low-cost index investing with advanced tools and optional Private Banking services.

For those who prefer simple and accessible platforms, Trading 212 is a good option. For forex and CFDs, XTB is a solid option.

Alternatively, if you’re interested in copy trading (copying other investors’ trades), and accessing other assets such as cryptocurrency, it may be worth considering eToro. 

Visit and explore the brokers’ websites directly and decide for yourself!

Hope we helped, and feel free to reach out if you have any feedback or questions.