Best Forex Brokers in Denmark for 2025 (Top10) - Online Forex Rating

If you're looking to enter the forex market in Denmark, selecting the right currency broker is essential. Unlike stock trading, where many top platforms may not cater to forex traders, the forex market requires brokers that offer specific features tailored to currency trading. The Danish forex market, though not as widely recognized as others, presents unique opportunities for diversifying your investment portfolio. As a Contract for Difference (CFD) trader or forex investor in Denmark, understanding your platform, tools, and research needs is crucial for success. With the growing popularity of forex trading platforms in Denmark, now is a great time to explore the best options available for 2025.

Best Forex Brokers in Denmark

Wide range of markets, advanced trading platforms

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Superior execution speed, ideal for scalpers and high-frequency traders

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Comprehensive educational resources, a variety of trading platforms

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Comparison of Best Forex Brokers in Denmark

Forex Broker

License

Minimum Spread

Maximum Leverage

Minimum Deposit

Open account

Details

Compare

8.35

Regulated

0.6

1:400

9.10

Regulated

0.0

1:1000

$200

9.49

Regulated

0.9

1:30 (retail)/1:400 (professional)

$100

7.54

Regulated

0.75

1:30

$10

Open account

Details

+ Compare

XTB

6.40

Regulated

0.3

1:30

£0

Open account

Details

+ Compare

9.03

Regulated

0.8

1:1000

7.74

Regulated

0.0

1:1000

$/€/£/R100

8.20

Regulated

0.5

1:300

7.77

Regulated

0.6

1:30

$/€/£20

7.99

Regulated

0.0

1:30 (retail)/1:500 (professional)

Open account

Details

+ Compare

Best Forex Brokers in Denmark Reviewed

① IG

　　IG is a global leader in online trading, offering access to a vast range of markets and advanced trading technologies.

	⭐⭐⭐⭐⭐
Min Deposit	$0
Tradable Instruments	17,000+, forex, indices, shares, commodities, cryptocurrencies
Demo Account	✅ ($20,000 virtual funds)
Costs	From 0.6 pips for EUR/USD
Trading Platforms	L2 dealer, ProRealTime, MT4, TradingView
Payment Methods	Credit/debit cards (MasterCard/Visa), bank transfer
Customer Support	24 hours a day, except 6 am - 4pm on Saturday (UTC+8) - live chat

　　Pros:

　　√ Wide range of markets and products

　　√ Proprietary and third-party trading platforms are available

　　√ Comprehensive educational resources

　　Cons:

　　× Limited payment options

　　× Complex platform for beginners

② IC Markets Global

　　IC Markets Global is an Australian broker known for its high-speed trade execution and deep liquidity.

	⭐⭐⭐⭐⭐
Min Deposit	$200
Tradable Instruments	2,250+, CFDs on 61 currency pairs, 24 commodities, 2,100+ stocks, 25 indexes, 9 bonds, 21 cryptocurrencies, 4 futures
Demo Account	✅
Costs	From 0.8 pips & commission-free (Standard account)
Trading Platforms	MT4/5, cTrader, TradingView (Windows, Web, Android, Mac, iOS)
Payment Methods	MasterCard, Visa, PayPal, Neteller, Skrill, UnionPay, Wire Transfer, Bpay, Broker to Broker, POLi, Thai Internet Banking, Rapidpay, Klarna, Vietnamese Internet Banking
Deposit & Withdrawal Fees	✅
Customer Support	24/7 - live chat, contact form, phone, email, Help Centre

　　Pros:

　　√ Fast execution and deep liquidity

　　√ Advanced trading platforms like MetaTrader4/5, cTrader, and TradingView are all available

　　√ Competitive spreads

　　Cons:

　　× Limited educational resources compared to competitors

　　× Higher minimum deposit requirement than most brokers

　　× Clients from the United States of America, Canada, Brazil, Israel, New Zealand, Iran and North Korea (Democratic People's Republic of Korea) are not allowed

③ AvaTrade

　　AvaTrade is known for its emphasis on education and a diverse selection of trading platforms, along with offering a wide array of financial instruments.

	⭐⭐⭐⭐⭐
Min Deposit	$100
Tradable Instruments	Forex, indices, commodities, crypto CFD, stocks, ETFs, bonds, FX options
Demo Account	✅
Costs	Typical 0.9 pips on EUR/USD & commission-free
Trading Platforms	AvaTrade Mobile App, Mobile WebTrader, AvaSocial, AvaOptions, DupliTrade, MT4/5
Payment Methods	MasterCard, Visa, PayPal, Skrill, Neteller, Wire Transfer, Perfect Money, Boleto
Customer Support	Live chat

　　Pros:

　　√ Extensive educational content

　　√ Wide selection of trading platforms

　　√ Diverse choice of financial instruments

　　Cons:

　　× The withdrawal process is slow compared to other brokers

　　× No 24/7 customer support

④ eToro

　　eToro is well-recognized for its social trading platform, allowing users to copy the trades of successful traders, along with a user-friendly interface.

	⭐⭐⭐⭐⭐
Min Deposit	$10
Tradable Instruments	7,000+, 6,202 stocks, 703 ETFs, 42 commodities, 55 currences, 18 indices, 106 cryptocurrencies
Demo Account	✅ ($100,000 in virtual funds)
Costs	Around 3 pips on EUR/USD & commission-free
Trading Platforms	MT4, eToro proprietary platform
Payment Methods	eToro Money, credit/debit cards, PayPal, Neteller, Skrill, Rapid transfer, iDEAL, Klarna / Sofort Banking, bank transfer, Online Banking – Trustly (EU region), Przelewy 24
Withdrawal Fee	Free (GBP and EUR accounts) or $5 (USD investment account)
Inactivity Fee	$10/month applies to accounts with no logins in the previous 12 months
Customer Support	24/5 live chat, email

　　Pros:

　　√ Innovative social trading features

　　√ User-friendly platform

　　√ A wide range of assets for trade

　　Cons:

　　× Higher spreads compared to other brokers

　　× Limited technical analysis tools

⑤ XTB

　　XTB is renowned for its award-winning proprietary platform, and comprehensive educational resources.

	⭐⭐⭐⭐⭐
Min Deposit	£0
Tradable Instruments	6,900+, Stocks, ETFs, forex, indices, commodities
Demo Account	✅
Costs	From 0.3 pips & commission-free
Trading Platforms	Mobile, Desktop, Tablet
Payment Methods	Bank transfers, credit/debit cards (MasterCard/Maestro/Visa)
Deposit Fee	❌
Withdrawal Fee	Free for withdrawal above 50 USD/EUR/GBP
Withdrawal Fee	5 USD/EUR/GBP for withdrawal below 50 USD/EUR/GBP
Customer Support	24/5 live chat, phone, email

　　Pros:

　　√ The proprietary trading platform is highly rated for its performance and features

　　√ Excellent educational resources

　　√ A broad selection of financial instruments

　　Cons:

　　× No 24/7 customer support

　　× Some advanced research tools are limited to certain account types

⑥ XM

　　XM is known for providing a wide range of account types, making it suitable for different kinds of traders, and offering both MT4 & MT5 platforms.

	⭐⭐⭐⭐
Min Deposit	$5
Tradable Instruments	1,400+, forex, commodities, precious metals, shares, Turbo stocks, equity indices, energies, thematic indices
Demo Account	✅
Costs	From 1.6 pips + commission-free (Standard account)
Trading Platforms	MT4/5, XM App
Payment Methods	Credit/debit cards, bank transfers, e-wallets
Withdrawal Fee	❌
Customer Support	Live chat, phone

　　Pros:

　　√ Provides multiple account types

　　√ Offers both MetaTrader 4 and 5 platforms

　　√ Decent educational materials for beginners

　　Cons:

　　× High spreads on some account types

　　× Commissions are applied to the share account

　　× Clients from the United States of America, Canada, Argentina, Israel and the Islamic Republic of Iran are not allowed

⑦ Tickmill

　　Tickmill is recognized for its competitive pricing and high-speed execution.

	⭐⭐⭐⭐
Min Deposit	100 USD/EUR/GBP/ZAR
Tradable Instruments	60+ currency pairs, 15+ indices, 500 stocks & ETFs, bonds, commodities (precious metals and energies), cryptos, futures & options
Demo Account	✅
Costs	From 1.6 pips & commission-free (Classic account)
Trading Platforms	MT4/5 (Windows, MacOS, Android, iOS, WebTrader), Tickmill Trader (Android, iOS)
Payment Methods	Bank transfer, crypto payments, Visa, MasterCard, Skrill, Neteller, Sticpay, Fasapay, UnionPay, WebMoney
Deposit & Withdrawal Fees	❌
Customer Support	Mon-Fri 7:00 - 16:00 GMT during Daylight Saving Time - live chat, contact, form, phone

　　Pros:

　　√ Wide scope of trading instruments

　　√ Fast execution speeds

　　√ Free research tools and educational content

　　Cons:

　　× US clients are not accpeted

　　× No 24/7 customer support

⑧ Plus500

　　Plus500 is a platform known for its intuitive user interface and a wide range of financial instruments to trade.

	⭐⭐⭐⭐
Min Deposit	$/€/£100
Tradable Instruments	2,800 CFDs, cryptos, indices, forex, commodities, shares, ETFs
Demo Account	✅
Costs	Around 0.6 pips & commission-free
Trading Platforms	Own proprietary trading platform (desktop, web, and mobile)
Payment Methods	Visa, MasterCard, PayPal, Skrill, Apple Pay, Google Pay
Deposit & Withdrawal Fees	❌
Customer Support	24/7

　　Pros:

　　√ User-friendly platform making it easy for beginners

　　√ Wide range of available financial instruments

　　√ Competitive spreads

　　Cons:

　　× Limited educational resources

　　× Does not offer MetaTrader platforms

⑨ Capital.com

　　Capital.com is known for its AI-driven market insight tools and a wealth of educational content.

	⭐⭐⭐⭐
Min Deposit	20 USD/EUR/GBP or 100 PLN
Tradable Instruments	Forex, share CFDs, indices CFDs, commodities CFDs
Demo Account	✅
Costs	0.6 pips in EUR/USD & commission-free
Trading Platforms	Capital.com web trading platform, Capital.com mobile trading app, MT4, TradingView
Payment Methods	Apple Pay, VISA, MasterCard, wire transfer, PCI, Worldpay, RBS, and Trustly
Deposit & Withdrawal Fees	❌
Inactivity Fee	10 USD or its equivalent of any other currency (free currency conversion)
Customer Support	24/7 live chat, phone, email

　　Pros:

　　√ AI-driven insights for market trends

　　√ Comprehensive educational resources

　　√ Competitive spreads

　　Cons:

　　× MetaTrader5 is not available

　　× Inactivity fee is charged

⑩ CMC Markets

　　CMC Markets is a well-established broker known for its large range of available trading instruments and advanced charting tools.

	⭐⭐⭐⭐
Min Deposit	$0
Tradable Instruments	12,000+, forex, indices, commodities, shares, cryptocurrencies
Demo Account	✅
Costs	From 0.6 pips + commission-free (Standard account)
Trading Platforms	Next Generation, MT4 (web, iOS, Android)
Payment Methods	Credit/debit card, bank transfer, PayID, PayPal
Customer Support	24 hours, Monday - Saturday morning - live chat, contact form, phone, email

　　Pros:

　　√ Extensive product portfolio to trade from

　　√ Advanced research and charting tools

　　√ Decent educational resources

　　Cons:

　　× MetaTrader5 is not available

Forex Brokers in Denmark FAQs

Is forex trading legal in Denmark?

Yes, forex trading is legal in Denmark.

The Danish Financial Supervisory Authority (DFSA) regulates forex trading in Denmark. It ensures that forex brokers comply with national and EU financial regulations.

Additionally, Denmark is a member of the European Union, so it also follows financial regulations outlined by the European Securities and Markets Authority (ESMA), which primarily governs Forex trading across EU member countries.

How to start trading forex in Denmark?

To start trading forex in Denmark, you'll need to take several essential steps to ensure you're well-prepared and compliant with local regulations.

Begin by immersing yourself in the fundamentals of forex trading. Understanding how currency pairs work, the concept of leverage, and the factors influencing exchange rates is crucial. This knowledge will be the foundation of your trading journey.

Next, selecting a reliable forex broker is key. In Denmark, brokers must be regulated by the Danish Financial Supervisory Authority (DFSA) or comply with broader EU regulations. Look for a broker offering a robust trading platform that suits your needs, alongside competitive fees and spreads.

Once you've chosen a broker, open a trading account. Start with a demo account to practice and refine your strategies risk-free. When you're ready to trade with real money, ensure you've met all account verification requirements and deposited the minimum amount specified by your broker.

As you begin trading, develop a solid trading plan. Set clear goals and establish risk management strategies to safeguard your investments. Regularly monitor the forex market for trends and news that could impact currency prices.

Lastly, stay engaged with continuous learning and market analysis. Adapt your strategies based on your trading experience and evolving market conditions to optimize your trading performance.

What is the best time to trade forex in Denmark?

The best time to trade Forex in Denmark typically falls within the trading hours of the major financial markets. There are four major Forex markets globally: New York, London, Tokyo, and Sydney. To make the best out of your trading, the hours when these markets overlap are usually the best time to trade, as this is when the market is most active, with the largest volume of trades. The biggest volume of currency trading happens during the London session (8:00 AM to 4:00 PM UK time), followed by the New York session (1:00 PM to 9:00 PM UK time). The period where these two sessions overlap (between 1:00 PM and 4:00 PM UK time) is typically the best time for trading, as this is when liquidity and volatility are at their highest, leading to potentially greater profit opportunities. However, Denmark, which is in the Central European Time zone (CET, UTC +1 or CEST, UTC +2 in summer), adjusts these times accordingly. This means that the London session is from 9:00 AM to 5:00 PM local Danish time, and the New York session is from 2:00 PM to 10:00 PM, with the overlap occurring between 2:00 PM and 5:00 PM.

Note that these times differ during Daylight Saving Time.

Time zones by CET

Here are the main forex trading sessions and their corresponding times in Denmark's Central European Time (CET):

Session	Open	Close
Sydney Session	11:00 PM CET	8:00 AM CET
Tokyo Session	1:00 AM CET	10:00 AM CET
London Session	9:00 AM CET	6:00 PM CET
New York Session	2:00 PM CET	11:00 PM CET

Overlaps:

Tokyo/London Overlap: 9:00 AM to 10:00 AM CET
London/New York Overlap: 2:00 PM to 6:00 PM CET

These overlaps often represent the most liquid and active periods for forex trading.

What are the terms in forex you should know?

Understanding forex terminology is crucial for successful trading. Below are some key terms you should be familiar with:

Pip (Percentage In Point)	The smallest price move in the forex market, usually the fourth decimal place in most currency pairs (0.0001).
Lot	A standard unit of measurement in forex trading. The standard lot is 100,000 units of the base currency. There are also mini (10,000 units) and micro (1,000 units) lots.
Spread	The difference between the bid (selling) price and the ask (buying) price of a currency pair.
Leverage	The ability to control a large position with a relatively small amount of money. For example, a leverage ratio of 100:1 means you can control $100,000 with $1,000 of your own capital.
Margin	The amount of money required to open and maintain a leveraged position. It is a fraction of the total trade size.
Ask Price	The price at which you can buy a currency pair.
Bid Price	The price at which you can sell a currency pair.
Base Currency	The first currency listed in a currency pair. e.g., in EUR/USD, the base currency is the Euro.
Quote Currency	The second currency listed in a currency pair. In EUR/USD, the quote currency is the US Dollar.
Stop-Loss Order	An order placed to sell a currency pair when it reaches a certain price, used to limit potential losses.
Take-Profit Order	An order placed to sell a currency pair when it reaches a certain profit level.
Long Position	Buying a currency pair with the expectation that its price will rise.
Short Position	Selling a currency pair with the expectation that its price will fall.
Slippage	The difference between the expected price of a trade and the actual price at which the trade is executed, often due to high volatility.

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