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Where can I find cheap stock brokers in Sweden?
Compare your options to find the lowest cost brokers in Sweden.
It may be cheaper than ever for investors in Sweden to buy shares, but that doesn’t mean it’s free.
When you invest in shares in Sweden, you’ll usually be charged a brokerage fee on every trade you make and may have to pay an account fee, currency conversion fee and inactivity fee if you’ve not made enough trades.
Because different fees are charged depending on how active you are or how much you’re investing, it’s worth shopping around for a share trading platform that offers the lowest brokerage fees for your investment style.
But which online share trading platforms in Sweden offer the cheapest brokerage? Read on to find out.
Search and compare cheap stock brokers in Sweden
Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
What are brokerage fees?
A brokerage fee (also called commission) is what your stockbroker charges for executing a buy or sell transaction. In other words, every time you buy or sell shares through your online share trading account, you’ll need to pay a specific amount to the broker for the privilege of using its services. This fee is based on the size or value of the trade, and could be a flat fee or an amount calculated as a percentage of the transaction value.
Brokerage fees are one of the largest expenses associated with online share trading in Sweden and can have a big impact on the affordability of your investments. If you’re a frequent trader and you’re paying a brokerage fee of SEK300 every time you buy or sell shares, this can quickly eat away at your trading profits.
That’s why it’s essential for anyone thinking of getting started in the share market to compare brokerage fees charged by online share trading platforms and shop around for the cheapest option.
How much will I need to pay for stock brokerage?
Brokerage fees are far from identical from one provider to the next, so it’s important to compare fees. For online share trading platforms in Sweden, brokerage fees can range from SEK 0 – SEK 150 per trade. Full-service brokers such as Goodbody or Cantor Fitzgerald start fees at around €55 per trade, usually charged as a percentage of the amount being traded.
Some providers in Sweden have simple fee structures while others have quite complex arrangements. Most of the time, the fee is based on the size or value of the trade, how often you trade and which country the stocks are listed in.
Different brokerage fees often also apply to phone trades and other unique trading options, so it’s worth reading the fine print to find out how much extra it’ll cost every time you make a trade.
Which broker has the cheapest brokerage?
Ultimately, the broker in Sweden with the lowest fees depends on the value of your trade, how many trades you place each month and which markets you’re investing in.
With this in mind, it’s important to consider your trading habits when comparing brokers in Sweden, as this can have a huge impact on the cost of each transaction. You’ll need to take into account not only how often you trade but also the size of the trades you place.
Trading apps with zero brokerage fees in Sweden
There are a growing number of share trading platforms that charge no brokerage fees to trade global or US stocks. These apps include:
- eToro
- Trading 212
- Passfolio
Although you don’t need to pay a commission, this doesn’t mean they’re free. Instead, these brokers charge a small foreign exchange fee to convert SEK to the required global currency, e.g. USD.
Brokerage fee structures compared
The table below features a guide to the brokerage fees charged by some of Sweden’s most well-known online share trading providers when buying and selling shares in Sweden. Compare those fees to find cheap stock brokers in Sweden.
| Broker | Online fee | Phone fee |
|---|---|---|
| Degiro |
|
|
| Saxo Capital Markets |
|
|
| eToro |
|
|
| Trading 212 |
|
|
How much will I pay for international brokerage fees?
The brokerage fees for shares listed overseas can be more or less than what you’d pay for locally listed stocks depending on the country of choice and the platform you’re using. For US-listed shares, you can expect to pay anywhere between $0 – $20 dollars per trade. This can be higher again for countries in Asia, Europe and the Middle East.
On top of the brokerage fee, you’ll typically need to pay a currency exchange fee (sometimes called an FX fee) to convert your Swedish Krona into overseas currencies. This is usually calculated into the exchange rate and is referred to as the ‘spread’ – it’s the difference between the base exchange rate and the rate you’re actually being offered. The higher the spread, the higher your fee.
Below are the fees for US and UK shares offered by some well-known global stock providers in Sweden:
| Provider | US-listed shares | UK-listed shares | Conversion fee |
|---|---|---|---|
| eToro | USD$0 | £0 | 0.005% |
| Trading 212 | USD$0 | £0 | 0% |
| Passfolio |
| Not Applicable | Not Applicable (only bank transfers in USD allowed) |
| Degiro |
| £ 1.75 + 0.014% | Not Applicable |
| Interactive Brokers |
| £6 | Us$2 |
Special offers
From time to time, some online share trading providers in Sweden will offer special deals to help you save on brokerage fees or possibly avoid them altogether. Other providers also offer brokerage fee rebates for frequent traders. For example, if an account holder makes more than a specified number of trades per month, such as 30, all the brokerage fees payable for those trades may be refunded to their trading account at the end of the month.
Such offers can help you improve your bottom line when trading shares online, so it’s worth keeping an eye out for any brokerage deals and discounts in Sweden.
Are there any other fees when trading shares?
While brokerage fees are the major cost you need to consider when comparing share trading platforms in Ireland, you should also be aware that other fees may apply. For example, you may need to pay a monthly fee to become a premium member of a share trading platform. This could allow you to access live market data, the latest market news and analysis or stock research and recommendations.
Other common fees include:
- Inactivity fee: Some brokers charge a monthly or annual fee if you don’t hit a certain number of trades each month.
- Currency conversion fee: This fee is charged to convert SEK to another currency in order to trade global stocks.
- Custody fee: This annual fee is charged when you trade US stocks and paid to the custodian broker for holding your stocks.
Read the terms and conditions of an online stockbroking platform to find out what those ongoing fees are and how they will affect you.
How do I compare cheap stock brokers?
As well as brokerage fees, there are several other features you should compare when choosing an online share trading platform, including:
Other fees
It’s also important to compare whether there are any ongoing fees you will need to pay to maintain your account, such as a monthly management fee or a fee to allow you to access dynamic market data. In addition, remember to check whether special options such as stop-loss orders or phone trades attract extra fees.
Market access
Compare the number of global markets each platform allows you to access to buy and sell shares. In addition to the Swedish market, many providers also allow you to trade on stock exchanges in New York, London, Tokyo and other countries around the world.
Market data
In the fast-paced world of share trading, accessing up-to-date market data could be critical to the success of your trades. Check whether you will be able to access static, live, dynamic or real-time data and whether this attracts any extra fees.
Order options
Compare the options each provider offers for placing buy and sell orders. Can you place limit and market orders? Are stop-loss orders available to help you minimise investment losses?
Ease of use
Try out any share trading platform in Sweden you are considering using to work out how easy it is to use on a daily basis. Most providers offer free demo accounts to help you sample their services.
Access options
Besides an online platform, can you place trades over the phone or on the go using a smartphone or tablet app? Also, consider whether the trading system is a web-based platform or whether it requires you to download any software.
Customer support
Make sure you can easily contact the share trading platform provider if you have a question about your account or a problem with a trade. Look for phone, email and live chat support, as well as online learning centres and education tools.
By considering all of the above factors, you should be able to find cheap stock brokers for your online share trading needs in Sweden.
Want to learn more about share trading?
Check out our comprehensive guide to share trading here.
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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