Top Stock Trading Apps in Sweden

To identify the premier share trading apps and platforms for investors in Sweden, we've devised a system that assesses each broker's strengths and drawbacks. Aspects taken into account include regulatory compliance in Sweden, supported stocks & assets, user experience, SEK deposit methods, and fees. 

Refer to the list below for a comprehensive review of the top five stock trading platforms in Sweden.

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1. eToro

eToro secures its place as a top stock trading platform in Sweden, providing investors with an extensive range of over 3,000 assets including equities, ETFs, options, commodities, and more. The broker is trusted by over 30 million investors worldwide and is regulated by the European Securities and Markets Authority (ESMA), assuring a trustworthy trading environment.

eToro sets itself apart with unique social trading features like Copy Trading and a Virtual Portfolio, enabling users to hone their skills with SEK 100K in virtual funds. The platform is highly regarded for its innovative interface, mobile apps for iOS & Android, cost-effective fees, competitive spreads, and easy deposit options for Swedish Krona (SEK).

  • Fees: Zero trading fees and 1% spread.
  • Assets: 3,000+ stocks, ETFs, commodities, currencies, and more.
  • Regulation: Overseen by the European Securities and Markets Authority.
  • SEK Deposit Methods: Instant Bank Transfer, Swish, Visa, Mastercard, Credit Cards, Debit Cards, and PayPal.
Best Stock Trading Platform in Sweden is eToro

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2. Trading 212

Trading 212 establishes itself as the second-best stock trading platform in Sweden, granting investors wide-ranging access to over 12,000 stocks and ETFs across US, European and Asian markets. The renowned broker is regulated and authorized by both the UK Financial Conduct Authority (FCA) and the European Securities and Markets Authority (ESMA), ensuring a secure trading experience.

Trading 212 stands out with advanced trading features like fractional shares, customisable charts, CFDs with up to 20:1 leverage. The platform is consistently praised for its diverse asset selection, low commissions and easy onboarding for citizens of Sweden and Europe.

  • Fees: Zero commissions and competitive spreads (1.5%).
  • Assets: 12,000+ stocks and ETFs
  • Regulation: Supervised by the UK Financial Conduct Authority and the European Securities and Markets Authority.
  • SEK Deposit Methods: Instant Bank Transfer, Swish, Debit Cards and Credit Cards.
Trading 212 Sweden

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3. Interactive Brokers

Interactive Brokers, the third top stock trading platform in Sweden, offers access to 100+ global markets, including stocks, ETFs, and more. It is regulated and by entities such as the SEC and the UK's FCA, ensuring a secure trading space for Swedish investors. The platform also offers 4.59% APY on idle cash balances for SEK deposits, which is a unique point of difference.

Outside of the interest on cash, Interactive Brokers stands out with advanced tools for seasoned investors, including high-speed trade execution and comprehensive market data. The platform is highly appreciated for its extensive market access, low commission structure, and low-latency trading, which make it an excellent choice for seasoned traders in Sweden.

  • Fees: Low commissions with competitive spreads.
  • Assets: Access to 100+ markets globally.
  • Regulation: Overseen by the SEC and the UK's FCA.
  • SEK Deposit Methods: Bank Wire Transfer, SEPA, Debit Cards.
Interactive Brokers

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4. Capital.com

Capital.com secures the fourth position among the leading stock trading platforms in Sweden, providing access to over 2,500 stocks, ETFs, forex, and more. It's regulated by the UK's Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), ensuring a safe trading environment.

Capital.com is recognized for its user-friendly interface and innovative AI technology that provides personalized trading insights. They are also one of the few platforms that allows you to integrate different tools like Metatrader 4 and Metatrader 5 to enhance your trading experience. 

  • Fees: Competitive spreads (1.5%) with zero commission.
  • Assets: Access to a wide range of global markets.
  • Regulation: Supervised by the UK's FCA and CySEC.
  • SEK Deposit Methods: Bank Transfer, Debit/Credit Cards, PayPal, and Skrill.
Capital.com Sweden

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5. Avanza

Avanza, a homegrown Swedish platform, rounds off the top five stock trading platforms in the country. It provides access to diverse assets including domestic (e.g ATCO) and international equities, ETFs, and more. Avanza is regulated by the Finansinspektionen (FI), ensuring a secure investment environment.

Avanza distinguishes itself with a user-friendly interface, a feature-rich mobile app, and a wealth of educational resources. It also offers an investment savings account (Investeringssparkonto) with tax advantages for Swedish investors. Known for its competitive pricing and broad asset selection, Avanza provides robust customer support, making it suitable for both novice and seasoned investors.

  • Fees: 0.15% trading fee and 1% commission.
  • Assets: 2,000 Stockholmsbörsen and global stocks and ETFs.
  • Regulation: Overseen by the Finansinspektionen.
  • SEK Deposit Methods: Bankgiro, Swish, Bank Transfers.
Avanza

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How to Trade Stocks in Sweden

Embarking on the journey of stock and equities trading might seem daunting, but with the right guidance, newcomers can flourish. Follow this concise guide for a seamless initiation into stock trading as a resident of Sweden:

  1. Learn Basics: Understand fundamental investment principles and risk management within the context of Sweden's market.
  2. Set Goals: Define your investment objectives and adopt suitable strategies such as value, growth, or dividend investing.
  3. Choose a Broker: Select an appropriate Swedish trading platform considering factors like fees, asset variety, and user experience.
  4. Open an Account: Register on your chosen platform and complete the identity verification process.
  5. Deposit Funds: Transfer SEK via methods like bank transfers, Swish, or credit/debit cards.
  6. Analyze Stocks: Utilize the tools provided by your platform to identify stocks that align with your objectives and strategy.
  7. Execute Trades: Purchase stocks using market or limit orders and keep track of your portfolio.

By adhering to these steps and keeping on top of global financial market trends, you'll rapidly enhance your skills in stock trading and investing.

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Who Regulates Stocks in Sweden?

The Finansinspektionen (FI) is Sweden's independent government agency overseeing the securities markets. Its main goals are to protect investors, ensure market transparency, and preserve financial system stability.

The FI regulates entities like stock exchanges, securities issuers, brokers, and investment funds. It sets market conduct standards, enforces compliance, investigates market abuses, and imposes penalties for violations.

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Bottom Line

In conclusion, Sweden presents a well-regulated and safe landscape for stock and equity investments, thanks to the vigilant supervision of Finansinspektionen and Sveriges Riksbank. Top trading platforms like eToro, Trading 212, Interactive Brokers, Capital.com, and Avanza offer diverse asset options, user-friendly interfaces, and secure transaction methods, catering to various investor needs.

By choosing the right broker, understanding fundamental investment principles, and leveraging the provided tools, you can successfully navigate the Swedish stock market. Remember, constant learning and staying informed about global financial trends are key to enhancing your investment journey.