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

Sweden is one of Europe’s most innovative and financially savvy nations, with a strong culture of saving and investing. Today, Swedish residents can choose from a wide range of online brokers and trading apps, from low-cost ETF savings plans (månadssparande) to advanced platforms for active traders.

While low fees matter, the right broker should also match your financial goals, provide access to the markets you’re interested in, and deliver a secure, user-friendly experience. Regulation or registration by Finansinspektionen (FI) and other EU authorities helps ensure investor protection.

In this guide, we review the best online brokers and trading apps in Sweden, comparing fees, features, safety, and ease of use, so you can find the platform that fits your strategy and start investing with confidence.

The best brokers & apps in Sweden

Best local brokers:

• Avanza: The most popular broker among Swedish investors. Avanza offers an intuitive platform, strong local support, and a wide range of investment options, including a Investeringssparkonto (ISK). It’s ideal for long-term investors who want a local solution.
• Nordnet: A close competitor to Avanza, Nordnet provides an excellent platform with advanced tools for both beginners and active traders. It offers access to Nordic and global markets, competitive pricing, and features like savings accounts and pension investing.

Best international brokers (best for expats):

• Interactive Brokers: The most complete broker in Sweden, 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.
• DEGIRO: Great desktop and mobile app with a strong reputation. However, it can be more expensive than other apps and doesn't pay interest on cash.
• Trading 212: Best platform for beginners and earning interest on cash, including the Swedish krona (SEK). Trading 212 is gaining popularity across Europe as a straightforward platform for investing. New users earn a free fractional share.
• Lightyear: Offers cheap investing, high interest rates, and an excellent app with plenty of features. However, it’s still a recent company with a short track record. 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 SEK, but also other currencies like EUR, USD or GBP.

XTB is great for forex/CFDs.

eToro is best if you want to copy/follow other investors.

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

Currently, the popular broker Trade Republic is not yet available in Sweden - though Trading 212 or Lightyear are similar alternatives.

_{💡 Note on taxes in Sweden:
For Swedish investors, an important difference between brokers lies in how taxation is handled. Swedish-regulated brokers (such as Avanza and Nordnet) automatically report your transactions and withhold the appropriate taxes when you invest through an ISK (Investeringssparkonto) or kapitalförsäkring. However, international or EU-based brokers do not handle Swedish taxes automatically. If you use these platforms, you must declare your capital gains, dividends, and interest income yourself in your annual tax return to Skatteverket.}

Here’s a quick comparison:

In addition to transaction fees, you may also encounter other costs, such as a connectivity fee or platform fees. In this case, DEGIRO is the only broker charging a connectivity fee (€2.50 per year per exchange).

Review of each broker

Avanza Bank

• Minimum deposit: SEK 0
• Currency conversion fee: ~0.25% (FX spread)
• Regulator applicable in Sweden: Finansinspektionen (Swedish Financial Supervisory Authority)
• Demo account: No

Founded in 1999 and listed on Nasdaq Stockholm (ticker: AZA), Avanza Bank is Sweden’s largest retail investment platform, trusted by over 2 million customers. It has consistently been rated Sweden’s most satisfied savings customers for 15 consecutive years, according to SKI (Swedish Quality Index).

Avanza’s main strength lies in accessibility, low fees, and local optimization for Swedish residents. The platform is entirely in Swedish, but it offers a clean, intuitive interface both on desktop and mobile, designed for everyday savers as well as active investors.

Avanza supports all major Swedish account types:

• Investeringssparkonto (ISK): Simplified, low-tax investment account for Swedish residents.
• Kapitalförsäkring (KF): Capital insurance account, useful for long-term savings and estate planning.
• Aktie- och fondkonto (AF): Traditional account where capital gains and dividends are taxed individually.

Avanza provides access to:

• Swedish and international stocks
• ETFs and mutual funds (including its own Avanza Zero and Avanza Global with 0 to 0.10% fees)
• Bonds, options, and savings accounts
• Pension accounts and loans

On the downside, it lacks some products, such as cryptocurrencies. 

Avanza’s investment offering focuses primarily on cost efficiency and long-term investing rather than complex derivative trading or global leverage products. For most Swedish investors, it strikes the best balance between simplicity, cost, and trust.

Avanza’s fee structure is straightforward and transparent. Trading Swedish shares starts from 0.069% per transaction, with a minimum commission of just SEK 1. Investing in funds such as Avanza Zero and Avanza Global carries no purchase or management fees. For foreign shares, Avanza applies an FX spread of approximately 0.25%. Trading US stocks incurs a minimum commission of USD 1.

Pros

• No account or custody fees
• Excellent app and user experience
• Strong local reputation and trust
• Free index funds (Avanza Zero, Global)
• Tax-friendly ISK and KF accounts
  

Cons

• Limited access for non-Swedish residents
• Platform available mainly in Swedish
• No demo account or multi-currency sub-accounts
• Smaller global product range compared to Interactive Brokers
• No cryptos

Nordnet AB

• Minimum deposit: SEK 0
• Currency conversion fee: ~0.25% (FX spread)
• Regulator applicable in Sweden: Finansinspektionen (Swedish Financial Supervisory Authority)
• Demo account: No

Nordnet, founded in 1996 and listed on Nasdaq Stockholm (NNB), is the other major Swedish online broker, and Avanza’s main competitor. It operates across the Nordics (Sweden, Denmark, Finland, Norway), giving it a broader regional footprint. Its mission is to make savings and investments accessible to everyone, with the same professional tools used by institutional investors.

Nordnet offers the same Swedish-standard accounts:

• ISK (Investeringssparkonto)
• KF (Kapitalförsäkring)
• AF (Aktie- och fondkonto)
• Pension & Private Banking accounts for long-term and wealth clients.

Nordnet also has Private Banking services for high-net-worth clients (SEK 2M+), offering reduced fees, multi-currency accounts, and personalized support.

Nordnet offers a broad range of products:

• Stocks, ETFs, and funds (including the Nordnet Index Funds and Nordnet One balanced fund series)
• Options and futures
• Bonds, pensions, and savings accounts
• Foreign currency sub-accounts for active traders (Private Banking)

Same as Avanza, no cryptos are offered.

Nordnet One funds provide low-cost, automated diversification (around 0.50% annual total cost), appealing to long-term savers who prefer simplicity.

Trading Swedish shares starts from 0.069% per transaction (min. of SEK 1). Investments in Nordnet’s own index funds are free of charge, while the Nordnet One balanced fund range carries an annual cost of around 0.50%. For US stocks, Nordnet charges a minimum commission of USD 1 and applies an FX spread of approximately 0.25%. 

Like Avanza, Nordnet does not impose any account or custody fees, allowing investors to manage their portfolios without ongoing fixed costs.

Pros

• No account or custody fees
• Excellent platform and app across the Nordics
• Low-cost index funds and automated savings (Nordnet One)
• Optional Private Banking features for advanced users
• Well-regulated and trusted in Sweden
  

Cons

• No demo account
• Limited access for non-Nordic residents
• Higher fund fees for actively managed funds
• Website and customer support primarily in Swedish
• No cryptos

Interactive Brokers (IBKR)

• Minimum deposit: SEK 0
• Currency conversion fee: 0.002% ($2 min.)
• Regulator applicable in Sweden 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 Swedish 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 Swedish 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 Swedish 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 Swedish 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 Sweden: 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 Swedish 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 Sweden, 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 Swedish 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 Sweden: Federal Financial Supervisory Authority (BaFin) and Polish Financial Supervision Authority (KNF)
• 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 Sweden, XTB is probably best suited to intermediate-level investors.

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

For Swedish 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 Swedish 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

DEGIRO

• Minimum deposit: €0
• Currency conversion fee: 0.25%
• Regulator applicable in Sweden: Federal Financial Supervisory Authority (BaFin)/Dutch Authority for the Financial Markets (AFM), and De Nederlandsche Bank (DNB)
• Demo account: No

DEGIRO, founded in 2008 and headquartered in Amsterdam, the heart of Europe, is a popular broker among Swedish investors. It offers a broad range of investment products, including stocks, ETFs, bonds, options, and futures, across various global markets. However, there is a unique annual connectivity fee of €2.50 per exchange.

The platform is best known for its low-cost fee structure, which offers competitive fees on trades and no additional charges for account opening, inactivity, or withdrawals. DEGIRO provides access to a selection of €1 commission ETFs through its Core Selection, although external fees may apply. Stocks listed on Euronext Amsterdam and global ETFs incur a cost of €3 (€2 commission + €1 handling), while US stocks cost €2 (€1 commission + €1 handling).

Here’s what the DEGIRO investing app looks like from a user’s perspective:

DEGIRO operates as the European branch of flatexDEGIRO Bank AG, which is primarily supervised by the German financial regulator BaFin. In the Netherlands, DEGIRO is registered with the De Nederlandsche Bank (DNB) and is under the supervision of the Authority for the Financial Markets (AFM).

In summary, DEGIRO’s investing app is an excellent choice for Swedish investors seeking a low-cost, no-frills platform with access to a broad range of global markets.

Want to learn more? Check our DEGIRO review.

Pros

• Low trading fees and transparent pricing
• Plenty of in-app tools and features 
• Access to a wide range of global markets
• Cheap ETFs available through Core Selection
• No account opening, inactivity, or withdrawal fees
• Regulated by European financial authorities
• Bonus voucher for new users

Cons

• 0.25% currency conversion fee
• No demo account available
• Limited customer support options
• No access to more complex assets
• Fee structure is quite unusual 
• €2.50 connectivity fees for each exchange where you are invested
• Doesn’t pay interest on uninvested cash

Trading 212

• Minimum deposit: SEK 1 (SEK 10 for CFD accounts)
• Currency conversion fee: 0.15%
• Regulator applicable in Sweden: 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 Swedish 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 Sweden, 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 Swedish 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

Lightyear

• Minimum deposit: €0
• Currency conversion fee: 0.35%
• Regulator applicable in Sweden: Estonian Financial Supervision Authority (EFSA)
• Demo account: No

Launched in Europe in 2022, Lightyear is an investment app designed for simplicity and transparency. It offers no Lightyear execution fee trading on a range of ETFs and low commissions for stocks, making it an appealing choice for Swedish investors on a budget.

The platform supports fractional share trading for stocks, allowing investors to buy portions of high-priced shares. However, fractional trading is not yet available for the ETFs. 

With over 5,000 stocks available from the US, UK, and European markets, Lightyear is a solid option for gaining broad exposure to international stocks. The commissions are:

• European stocks: €1 per order
• UK stocks: £1 per order
  US stocks: 0.1% ($0.10 minimum, $1 maximum) per order
• ETFs: €0
  

It’s one of the slickest trading apps available when it comes to ease of use. There’s also plenty of free stock analysis packed into the app with access to financials and professional analyst opinions, for no extra cost. 

Lightyear has also made waves for offering some of the highest interest rates around on cash (whether that's Euros, Dollars, or Pounds).

Here’s a sneak peek at what the Lightyear investing app looks like:

Lightyear is regulated by the Estonian Financial Supervision Authority (EFSA), which means that Swedish investors can access Lightyear's services through the European Union's passporting system.

Overall, Lightyear offers a straightforward and cost-effective app for European investors, with no Lightyear execution fees when investing in ETFs, along with the benefits of low-cost trading in international stocks and high interest rates on uninvested cash.

New users can earn a free fractional share up to €100 with our promo code INVESTINGINTHEWEB.

Pros

• Commission-free trading on a wide range of ETFs
• Fractional share trading for stocks
• Easy-to-navigate app with free analyst insights
• Free deposits (via bank transfer) and withdrawals
• High rates of interest on EUR/USD/GBP
• Free in-app stock analysis insights
• Free share promotion for new users

Cons

• No fractional trading for ETFs
• No demo account for the app
• Limited advanced trading tools
• Fairly basic price charts
• Customer support is only via email
• Small commissions for stocks
• Recent company (short track record)

Criteria for the best investing apps in Sweden

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 Sweden 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.

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 Swedish 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 Swedish investors):

Which investment app to choose in Sweden?

Unfortunately, there’s no single "perfect" Sweden 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.

Avanza is the go-to choice for Swedish residents focused on simplicity, and cost efficiency, especially through its free index funds and excellent app experience. Nordnet, on the other hand, 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, brokers like Trading 212, or Lightyear are good options. However, if you're looking for an intermediate app, XTB is a solid option. Alternatively, if you’re interested in using your smartphone to access more niche assets, such as cryptocurrency, it may be worth considering eToro. 

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

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