Clarytrade
23 brokers indexedcommission weighted 0%
Denmark

Forex & CFD brokers in Denmark

Compare costs, account features and the legal entity for Denmark clients. Confirm your eligibility before applying.

Compare 18 brokers

Ranked by Clarity Score
9 via EU-authorised entities3 via offshore entities6 entities not yet mapped
Pepperstone logo

Tier-1 regulated raw-spread broker with excellent platform choice.

0
Match
Higher riskHigh regulation

Why this fits: EU-authorised entity: Pepperstone EU Limited (CySEC 388/20) · Max leverage: 30:1

Real cost
$····
Withdrawal
Same–next day
Min deposit
$10

Costs and charges may vary depending on the jurisdiction

74.1% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Checking availability…
IC Markets logo

High-volume raw-spread ECN broker popular with scalpers and EAs.

0
Match
Higher riskHigh regulation

Why this fits: EU-authorised entity: IC Markets (EU) Ltd (CySEC 362/18) · Max leverage: 30:1

Real cost
$····
Withdrawal
Same–next day
Min deposit
$200
Leveraged CFDs — most retail accounts lose money; without negative-balance protection, losses can exceed your deposit.
Checking availability…
XTB logo
#3XTB

Listed multi-asset broker with commission-free real stocks and a top platform.

0
Match
Medium riskHigh regulation

Why this fits: EU-authorised entity: XTB S.A. (KNF) · Max leverage: 30:1

Real cost
$$···
Withdrawal
Same–next day
Min deposit
$0
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Checking availability…
IG logo
#4IG

The FTSE-100 original — 17,000+ markets since 1974; entity and products vary sharply by country.

0
Match
Medium riskHigh regulation

Why this fits: EU-authorised entity: IG Europe GmbH (BaFin 148759) · Max leverage: 30:1

Real cost
$$$··
Withdrawal
1–3 daysMethod-dependent
Min deposit
$250
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
ThinkMarkets logo

Established multi-regulated broker with its own ThinkTrader platform.

0
Match
Higher riskHigh regulation

Why this fits: EU-authorised entity: TF Global Markets (Europe) Ltd (CySEC 215/13) · Max leverage: 30:1

Real cost
$$···
Withdrawal
1–2 days
Min deposit
$0
75% of retail investor accounts lose money when trading CFDs with this provider.
Checking availability…
Vantage Markets logo

ECN broker with a polished app and broad multi-asset CFD range.

0
Match
Higher riskConfirm the contracting company

Why this fits: Country coverage recorded for Denmark clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: Confirm account terms (entity unverified)

Real cost
$$···
Withdrawal
Same–next day
Min deposit
$50
Leveraged CFDs — most retail accounts lose money; without negative-balance protection, losses can exceed your deposit.
Checking availability…
Tickmill logo

Low-cost multi-entity broker favoured by scalpers and EAs; licences and protection vary by country.

0
Match
Higher riskMedium regulation

Why this fits: EU-authorised entity: Tickmill Europe Ltd (CySEC 278/15) · Max leverage: 30:1

Real cost
$····
Withdrawal
Same–next day
Min deposit
$100
74% of retail investor accounts lose money when trading CFDs with Tickmill Europe Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Checking availability…
Blueberry Markets logo

Australian ASIC-regulated raw-spread broker known for fast support.

0
Match
Higher riskMedium regulation

Why this fits: Country coverage recorded for Denmark clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 30:1 (entity unverified)

Real cost
$····
Withdrawal
Same–next day
Min deposit
$100
Leveraged CFDs — most retail accounts lose money; without negative-balance protection, losses can exceed your deposit.
Checking availability…
Fusion Markets logo

Low-cost broker with $4.50 round-turn commission and no minimum deposit.

0
Match
Higher riskMedium regulation

Why this fits: Country coverage recorded for Denmark clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: Confirm account terms (entity unverified)

Real cost
$····
Withdrawal
<1 hrBroker-stated
Min deposit
$0
Leveraged CFDs — most retail accounts lose money; without negative-balance protection, losses can exceed your deposit.
Checking availability…
VT Markets logo

Fast-growing ECN broker with low entry and strong charting.

0
Match
Higher riskMedium regulation

Why this fits: Offshore entity only: VT Markets Limited (FSC GB23202269) — outside the local regulator's rules · Max leverage there: 500:1 (offshore entity)

Real cost
$$···
Withdrawal
Same–next day
Min deposit
$100
Leveraged CFDs — most retail accounts lose money; without negative-balance protection, losses can exceed your deposit.
Checking availability…
Eightcap logo

ASIC/FCA/CySEC-regulated CFD broker with native TradingView, MT4 and MT5.

0
Match
Higher riskMedium regulation

Why this fits: EU-authorised entity: Eightcap EU Ltd (CySEC 246/14) · Max leverage: 30:1

Real cost
$$···
Withdrawal
1–2 daysSame-day cut-off
Min deposit
$100
71.90% of retail investor accounts lose money when trading CFDs with Eightcap EU Ltd.
Checking availability…
Axi logo
#12Axi

Multi-entity CFD broker with MT4/MT5 and fee-focused account tiers.

0
Match
Higher riskMedium regulation

Why this fits: EU-authorised entity: Solaris EMEA Limited (CySEC 433/23) · Max leverage: 30:1

Real cost
$$···
Withdrawal
1–3 daysBank transfers
Min deposit
$0
66.36% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Checking availability…
XM logo
#13XM

Large retail broker with low minimums, micro accounts and heavy education.

0
Match
Higher riskMedium regulation

Why this fits: EU-authorised entity: Trading Point of Financial Instruments Ltd (CySEC 120/10) · Max leverage: 30:1

Real cost
$$$··
Withdrawal
1–2 days
Min deposit
$5
Leveraged CFDs — most retail accounts lose money; without negative-balance protection, losses can exceed your deposit.
Checking availability…
PU Prime logo

A multi-entity CFD broker with education resources, webinars, broad market access and copy trading availability. Entity, leverage and product terms should be verified before depositing.

0
Match
Higher riskRegional / offshore multi-entity

Why this fits: Offshore entity only: PU Prime Limited (FSA SD050) — outside the local regulator's rules · Max leverage there: 1000:1 (offshore entity)

Real cost
$$···
Withdrawal
InstantReported
Min deposit
Account-dependent
CFDs are high-risk products. Leverage can amplify losses. Verify the legal entity, product terms and availability before depositing.
Checking availability…
StarTrader logo

Multi-asset broker with raw-spread pricing and copy trading.

0
Match
Higher riskLow regulation

Why this fits: Offshore entity only: STARTRADER Financial Markets Limited (FSC GB24203371) — outside the local regulator's rules · Max leverage there: 500:1 (offshore entity)

Real cost
$$···
Withdrawal
≤24 hrs
Min deposit
$50
Leveraged CFDs — most retail accounts lose money; without negative-balance protection, losses can exceed your deposit.
Checking availability…
Moneta Markets logo

STP and ECN account pricing, MetaTrader and proprietary platform choices.

0
Match
Higher riskEntity-specific oversight

Why this fits: Country coverage recorded for Denmark clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 1000:1 (entity unverified)

Real cost
$$···
Withdrawal
1–2 business daysProcessing; broker-stated
Min deposit
$50
Risk Warning: Trading Margin FX and CFDs carries significant risks and is not suitable for all investors. You could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial asset. Ensure you read the relevant documents on our legal documents page, and seek independent advice, to fully understand the risks, before deciding to trade. Information is of general nature only and does not consider your financial objectives or personal circumstances.
Checking availability…
HYCM logo
#17HYCM

Fixed, Classic and Raw accounts; the legal company matters before the price.

0
Match
Higher riskEntity-specific oversight

Why this fits: Country coverage recorded for Denmark clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: 500:1 (entity unverified)

Real cost
$$···
Withdrawal
3–7 daysArrival · broker-stated
Min deposit
$20
CFDs carry a high risk of losing money rapidly due to leverage. HYCM's international agreement names a Costa Rica company; the UK and Dubai authorisations do not apply to every HYCM account. Check the company on your agreement before depositing.
Checking availability…
InstaForex logo

International account choices, MetaTrader platforms and entity-specific terms.

0
Match
Higher riskEntity-specific oversight

Why this fits: Country coverage recorded for Denmark clients · Entity not yet mapped — confirm eligibility and account entity · Recorded leverage: Separate EU offering (entity unverified)

Real cost
$$$··
Withdrawal
Method dependent
Min deposit
From USD1
Risk disclosure: All investments involve a degree of risk of some kind. Trading financial derivative products comes with a high risk of losing money rapidly due to leverage. You should not engage in trading these instruments unless you fully understand the nature of the transactions you are entering into, and the true extent of your exposure. These types of investments may be suitable for some investors, but they are not for everyone.
Checking availability…

We earn a commission if you open an account through our links — at no extra cost to you. It does not change our rankings. How we make money.

Regulator

Local regulator, EU/EEA (passported)

Trading is generally legal in Denmark; EU/EEA firms passport in under MiFID II and are supervised by local and home-state regulators. Confirm the firm's authorisation before funding.

Leverage rules

In the EU/EEA, retail CFD leverage is capped at 30:1 (lower for more volatile assets) under ESMA rules, with negative-balance protection. Non-EU European countries set their own rules — verify locally.

Common deposit methods

Debit card, SEPA / local bank transfer

Risk warning. CFDs and leveraged products are complex and high-risk. In the broker disclosures we track, 65% to 81% of retail investor accounts lose money trading CFDs (figures by entity, read September 2026). Whether losses can exceed your deposit depends on the entity that onboards you: negative-balance protection is mandatory for retail clients under FCA, ESMA and ASIC rules, not at every offshore entity. Only trade with money you can afford to lose.

The account landscape in Denmark

Our country coverage records include 18 of the 23 platforms for Denmark clients. This is a research shortlist, not confirmation of account acceptance. We've recorded possible entity mappings for 12: 9 map to an EU-authorised entity (tier 1–2), 2 of them tier-1, while 3 map to an offshore (tier-3) entity, whose leverage, compensation and complaint terms need a separate check. Confirm the company named on your own application and agreement. The table below lists 9 register-checked licence numbers so you can verify each firm yourself (CySEC, KNF, BaFin). On the numbers, the lowest all-in cost option here is Pepperstone, and the highest leverage through an EU-authorised entity is 30:1 (Pepperstone). Offshore entities advertise more — up to 1000:1 at PU Prime — but that leverage comes without the local regulator's protections.

Register-checked

Which legal entity onboards a Denmark client

The brand you see isn't always the entity on your client agreement. These are possible entity mappings for Denmark clients, with licence details to verify on the official register. 3 records map to an offshore entity; confirm that company's terms and whether it accepts your application.

Pepperstone EU Limited
Cyprus (EU/EEA)
CySEC · Tier 2
Licence 388/20 · verified on register · register
ICF — up to €20,000
IC Markets (EU) Ltd
Cyprus (EU/EEA)
CySEC · Tier 2
Licence 362/18 · verified on register
ICF — up to €20,000
XTB S.A.
Poland (EU/EEA)
KNF · Tier 1
Protection varies — verify
IG Europe GmbH
Germany (EU/EEA)
BaFin · Tier 1
Licence 148759 · verified on register
Protection varies — verify
TF Global Markets (Europe) Ltd
Cyprus (EU)
CySEC · Tier 2
Licence 215/13 · verified on register · register
Protection varies — verify
Tickmill Europe Ltd
Cyprus (EU)
CySEC · Tier 2
Licence 278/15 · verified on register · register
ICF — 90% of the claim, up to €20,000
VT Markets Limited(likely — confirm at signup)
Mauritius · offshore route — outside the local regulator's rules
FSC · Tier 3 · offshore
Licence GB23202269 · check pending
No compensation scheme
Eightcap EU Ltd
Cyprus (EU/EEA)
CySEC · Tier 2
Licence 246/14 · verified on register · register
ICF — up to €20,000
Solaris EMEA Limited(likely — confirm at signup)
Cyprus
CySEC · Tier 2
Licence 433/23 · verified on register
ICF — up to €20,000 for eligible clients.
Trading Point of Financial Instruments Ltd
Cyprus (EU/EEA)
CySEC · Tier 2
Licence 120/10 · verified on register · register
ICF — up to €20,000
PU Prime Limited(likely — confirm at signup)
Seychelles · offshore route — outside the local regulator's rules
FSA · Tier 3 · offshore
Licence SD050 · verified on register · register
No compensation scheme
STARTRADER Financial Markets Limited(likely — confirm at signup)
Mauritius · offshore route — outside the local regulator's rules
FSC · Tier 3 · offshore
Licence GB24203371 · check pending · register
No compensation scheme

Entity mapping from our register checks — shown to illustrate how the onboarding entity shifts by country. A verified licence proves the entity holds that authorisation; it does not prove the entity onboards retail clients here, which is a separate check and is why rows marked “likely” stay unconfirmed. Yours may differ; always confirm the legal entity on the signup screen and the official register before depositing. Informational only, not financial advice.

Real costs

Trading costs for Denmark traders

Lowest all-in cost on our scan: Pepperstone. Indicative figures — verify the live schedule before funding.

PlatformAll-in costSpread fromCommissionMin depositWithdrawalMax leverage (by route)
Pepperstone$····0 pips$7/lot$10Same–next day30:1
IC Markets$····0 pips$7/lot$200Same–next day30:1
Tickmill$····0 pips$6/lot$100Same–next day30:1
Blueberry Markets$····0 pips$7/lot$100Same–next day30:1 (entity unverified)
Fusion Markets$····0 pips$4.5/lot$0<1 hrBroker-statedConfirm account terms (entity unverified)
ThinkMarkets$$···0 pips$7/lot$01–2 days30:1
Vantage Markets$$···0 pips$6/lot$50Same–next dayConfirm account terms (entity unverified)
VT Markets$$···0 pips$6/lot$100Same–next day500:1 (offshore entity)
Eightcap$$···0 pips$7/lot$1001–2 daysSame-day cut-off30:1
Axi$$···0 pips$7/lot$01–3 daysBank transfers30:1
PU Prime$$···0 pips$7/lotAccount-dependentInstantReported1000:1 (offshore entity)
StarTrader$$···0 pips$6/lot$50≤24 hrs500:1 (offshore entity)
Moneta Markets$$···0.1 pips$6/lot$501–2 business daysProcessing; broker-stated1000:1 (entity unverified)
HYCM$$···0.1 pips$4/lot$203–7 daysArrival · broker-stated500:1 (entity unverified)
XTB$$···0.5 pips—$0Same–next day30:1
IG$$$··0.6 pips—$2501–3 daysMethod-dependent30:1
XM$$$··1.6 pips—$51–2 days30:1
InstaForex$$$··—Check account quoteFrom USD1Method dependentSeparate EU offering (entity unverified)
FAQ

Trading in Denmark — questions

Which legal entity could onboard a Denmark client?

9 broker records map Denmark clients to an EU-authorised entity (CySEC, KNF, BaFin). 3 records map Denmark residents to an offshore (tier-3) entity. This does not establish local authorisation or application acceptance; check that entity's leverage, compensation and complaint terms. For 6 we have not yet mapped the onboarding entity. Check your national regulator's register for local oversight. Always confirm the entity named on your client agreement and its licence on the official register before depositing.

Which platform has the lowest cost in Denmark?

Among the 18 platforms in our country records for Denmark traders, Pepperstone has the lowest all-in cost on our scan (spreads from 0 pips, $7/lot commission, $10 minimum). Costs change with account type and instrument — verify the live schedule before funding.

What leverage can I use in Denmark?

In the EU/EEA, retail CFD leverage is capped at 30:1 (lower for more volatile assets) under ESMA rules, with negative-balance protection. Non-EU European countries set their own rules — verify locally. Through an EU-authorised entity, the highest leverage among these brokers is 30:1 (Pepperstone). 3 broker records map Denmark residents to an offshore entity, where up to 1000:1 is advertised (PU Prime). This is not a confirmed offer for your account; check the contracting entity's terms. Higher leverage increases both potential gains and losses.

How does Clarytrade pick these platforms?

We rank by our published 8-criteria method, filter using our country coverage records, and show possible legal entities for Denmark clients. Mappings and licences do not confirm application acceptance. Affiliate commission is weighted at 0%.

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