Best forex brokers in Denmark
6 of the 7 brokers we review offer forex to residents of Denmark. XTB takes first place, followed by two brokers picked from those that serve Denmark.
By Broksal Team, investing in forex and CFD markets since 2017. Updated . How we test
How we score
Each broker gets five sub-scores out of 5:
Regulation and safety (30%), trading costs (25%), platforms and tools (20%), range of markets (15%) and ease of use (10%). The overall score is the weighted average, rounded to one decimal.
Availability is checked against each broker's published country lists. The ranking order is editorial and reflects our commercial agreements, so it does not always follow the scores. Full methodology
Advertiser disclosure
Broksal is free to use because some brokers pay us a commission when you open an account through our links. This can influence which broker we feature and the order in which brokers appear.
Commissions never change the facts we publish about regulation, fees or country availability, and they cost you nothing.
Top 3 forex brokers for Denmark
- 1
Our top pick in Denmark
XTB
4.8Own platform, no minimum deposit, commission-free stocks and ETFs within a monthly limit
Forex CFDs Forex CFDs on xStation 5 with an average EUR/USD spread of about 0.8 pips on the Standard account and no commission.
- Minimum deposit
- No minimum
- Platforms
- xStation 5 (web & desktop), XTB mobile app
- Entity for Denmark
- XTB S.A. — KNF (Poland)
- CFDs
- Yes
Show pros, cons and feesHide details
xStation 5: Market Watch with sentiment tabs on the left, an EUR/USD hourly chart with one-click order entry, and open positions below. Account number blurred. What we like
- Publicly listed in Warsaw with KNF, FCA and CySEC oversight
- No minimum deposit
- xStation 5 is fast, clean and has built-in market sentiment and calendars
- Real stocks and ETFs commission-free up to €100,000 monthly turnover
Watch out for
- No MetaTrader or cTrader
- Since March 2026 the international entity accepts residents of only a short list of countries
- Inactivity fee after 12 months without trading
Fees
CFDs are priced through the spread on the Standard account. Real stocks and ETFs are commission-free up to €100,000 of monthly turnover, then 0.2% (minimum €10). Currency conversion and overnight swap costs apply.
Best for
Beginners and active traders who want one app for CFDs and real stocks.
- 2
eToro
4.3CopyTrader and a social feed on a Nasdaq-listed platform
Serves Denmark through its EU regulated entity
Forex CFDs About 1 pip on EUR/USD with no commission, and CopyTrader for following other traders.
- Minimum deposit
- Varies by country
- Platforms
- eToro web platform, eToro mobile app
- Entity for Denmark
- eToro (Europe) Ltd — CySEC
- CFDs
- Yes
Show pros, cons and feesHide details
eToro homepage after the 2026 brand refresh, highlighting its Nasdaq listing (ETOR) and the new mobile app. What we like
- CopyTrader lets you mirror other investors' portfolios
- Listed on Nasdaq; FCA, CySEC and ASIC regulated
- Very easy app for stocks, ETFs and crypto
Watch out for
- CFD spreads are wider than at IC Markets or XTB
- Not available in Canada, Japan, India, Turkey and most of Africa
- Withdrawal and currency conversion fees on the USD account
Fees
CFD costs are in the spread (about 1 pip on EUR/USD), plus overnight fees on leveraged positions. Withdrawals from the USD account cost $5 and currency conversion is charged on non-USD deposits; eToro removed its inactivity fee on 28 May 2026.
Best for
Investors who want to copy other traders.
- 3
Interactive Brokers
4.7The widest market access here, with low costs and top-tier regulation
Serves Denmark through its EU regulated entity
Spot forex and CFDs Interbank pricing from 0.1 pips with a 0.2 basis point commission (minimum $2); spot forex as well as forex CFDs.
- Minimum deposit
- No minimum
- Platforms
- Trader Workstation (TWS), IBKR Desktop, Client Portal (web) +2
- Entity for Denmark
- Interactive Brokers Ireland Limited — Central Bank of Ireland
- CFDs
- Yes
Show pros, cons and feesHide details
Interactive Brokers homepage, showing the desktop platform and mobile app and the new AI-assisted analysis integrations. What we like
- Listed on Nasdaq and regulated by top-tier authorities worldwide
- Access to stocks, options, futures and bonds on 150+ markets
- No minimum deposit and no inactivity fee
- Accepts residents of most countries
Watch out for
- Trader Workstation has a steep learning curve
- CFDs are not available to US residents
- Account opening asks for more documents than most brokers
Fees
Two pricing plans: Fixed (one all-in commission) and Tiered (lower exchange-based commission plus pass-through fees). CFD commissions are charged per trade, with financing on overnight positions. There is no inactivity fee.
Best for
Experienced investors who want access to global exchanges.
Also available in Denmark:
XM 4.6
IC Markets 4.6
IQ Option 4.1
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Most retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Each broker publishes its own current loss percentage on its website.
Forex from Denmark: the rules
Retail leverage on major currency pairs is capped at 30:1 for residents of Denmark, and 20:1 on other pairs, with negative balance protection. Locally, financial services are supervised by the Danish FSA (Finanstilsynet).
Best time to trade currencies from Copenhagen
Major currency pairs are usually most liquid while London and New York are both open: 15:30–17:30 local time (UTC+2, early October 2026). The forex week runs from Sunday 23:00 to Friday 23:00 local time.
All 7 brokers we review, checked for forex in Denmark
| Broker | Status | Access | Entity for Denmark |
|---|---|---|---|
| XTB | #1 in this ranking | Forex CFDs | XTB S.A. — KNF (Poland) |
| XM | Available | Forex CFDs | Trading Point of Financial Instruments Ltd — CySEC |
| IC Markets | Available | Forex CFDs | IC Markets (EU) Ltd — CySEC |
| Interactive Brokers | #3 in this ranking | Spot forex and CFDs | Interactive Brokers Ireland Limited — Central Bank of Ireland |
| Freedom24 | No forex here | — | — |
| IQ Option | Available | Forex CFDs | IQ Option Europe Ltd — CySEC (licence 247/14) |
| eToro | #2 in this ranking | Forex CFDs | eToro (Europe) Ltd — CySEC |
Forex rankings in countries bordering Denmark
| Country | Brokers offering forex | #1 |
|---|---|---|
| 🇩🇪 Germany | 6 | XTB |
Frequently asked questions
What is the best forex broker in Denmark?
XTB, in our ranking. Forex CFDs on xStation 5 with an average EUR/USD spread of about 0.8 pips on the Standard account and no commission. eToro and Interactive Brokers complete the top 3.
Which brokers offer forex to residents of Denmark?
Of the brokers we review: XTB (forex cfds), XM (forex cfds), IC Markets (forex cfds), Interactive Brokers (spot forex and cfds), IQ Option (forex cfds) and eToro (forex cfds).
What are the rules for forex in Denmark?
Retail leverage on major currency pairs is capped at 30:1 for residents of Denmark, and 20:1 on other pairs, with negative balance protection.
When is forex most liquid in Denmark?
Usually 15:30–17:30 local time, while London and New York are both open (early October 2026 times).
Which forex broker has the lowest costs?
On a one-lot EUR/USD trade, Interactive Brokers was cheapest in our fee comparison, followed by XTB and IC Markets at about $8. For small trades the $2 minimum commission at IBKR makes XTB cheaper.
Availability last checked 6 October 2026. Brokers change their country lists without notice; the broker's sign-up form is the final word.