Best Crypto Brokers in Sweden for 2024

Written by Zornitsa Stefanova

Zornitsa Stefanova

Zornitsa Stefanova is experienced forex and crypto analyst. She also covers various financial topics such as stocks trading and retirement investments.

, | Updated: August 26, 2024

As crypto regulations continue to evolve across Europe, an increasing number of crypto brokers and exchanges have begun offering their services to local blockchain enthusiasts. Sweden is no exception, but since picking a platform is easier said than done, our team of experts set out to prepare a list of the top brokers and exchanges that are suitable for Swedish cryptocurrency aficionados.

1Fusion Markets

Rating: 4.9 ⭐

74-89% of retail CFD accounts lose money

Top Rated

2FP Markets

Rating: 4.8 ⭐

73.85% of retail investor accounts lose money

3AvaTrade

Rating: 4.5 ⭐

76% of retail investor accounts lose money

4Eightcap

Rating: 4.2 ⭐

76.09% of retail investor accounts lose money

5eToro

Rating: 4.2 ⭐

51% of retail investor accounts lose money

6Plus500

Rating: 4.1 ⭐

80% of retail investor accounts lose money

7Oanda

Rating: 4.1 ⭐

72% of retail CFD accounts lose money

8Saxo Bank

Rating: 3.7 ⭐

65% of retail investor accounts lose money

9XTB

Rating: 3.6 ⭐

80% of retail investor accounts lose money

10Tickmill

Rating: 3.0 ⭐

70% of retail investor accounts lose money

Top 10 Crypto Brokers in Sweden Ranked by Trustpilot Score

Top 10 Crypto Brokers in Sweden with Low Spreads

Top 10 Crypto Brokers in Sweden

1. TRADE NOW READ REVIEW
   1. eToro

   Min. Deposit	$100
   Regulations	Regulated by CySEC, the FCA, and the MFSA; Registered with the OAM, the AMF and the Bank of Spain; Listed in the public register of the DNB as a crypto service provider
   Tradable Coins	100+
   Software	eToro (proprietary)
   Crypto Leverage	2:1
   Fees	Spread plus a fixed fee equal to 1% of the quoted price.
   Exchange/Wallet	eToro Money Crypto Wallet
   Deposit Methods	eToro Money, Credit/Debit Cards, PayPal, Neteller, Skrill, Bank Transfer
   Withdrawal Methods	eToro Money, Credit/Debit Cards, PayPal, Neteller, Skrill, Bank Transfer

   Established in 2007, eToro was among the first brokers to embrace cryptocurrencies. As such, it now offers a pretty substantial catalogue of crypto CFDs that traders from all across Europe and the world over can trade. This includes major cryptocurrencies like Bitcoin, Litecoin, and Solana, as well as meme coins like Shiba Inu.

   The broker has developed its own proprietary platform that has been designed with both veterans and novices in mind, ensuring that each client will have an easy time navigating the software. Its features include a TipRanks search tab, various orders (including stop loss and take profit), a technical analysis tool, and much more.

   Of course, crypto traders can also rest assured that eToro is compatible not just with computers but with smartphone devices as well. The mobile application can be found either in Google Play or the App Store, depending on one’s device.

   Key Pros

   • Excellent range of cryptocurrencies
   • Competitive trading software
   • Forex and other markets are also available
   • eToro Academy has much to offer to those new to crypto trading
   • Suitable for both iOS and Android smartphones

   Key Cons

   • Does not have SEK as a base currency
   • Cashout fees ($5)
   • Clients who are inactive for a while are charged an inactivity fee
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% 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.
2. TRADE NOW READ REVIEW
   2. XTB

   Min. Deposit	$0
   Regulations	CySEC, FCA, AMF, FSC Belize, KNF
   Tradable Coins	40+
   Software	xStation (proprietary)
   Crypto Leverage	2:1
   Fees	BTC/USD – 0.22% of market price, no commission fees on crypto CFDs
   Exchange/Wallet	No
   Deposit Methods	Bank Transfers, Credit Cards, Debit Cards, PayPal, Skrill, Neteller
   Withdrawal Methods	Bank Transfers, Credit Cards, Debit Cards

   With licences from prominent supervisory entities like CySEC (Cyprus) and the FCA (UK), XTB can easily meet the requirements of crypto enthusiasts who are conscious of whether their broker of choice is well-regulated.

   The broker has a range of CFD product categories on offer, and its selection of crypto coins will be suitable for plenty of Swedish crypto devotees. Among them are Bitcoin, Tether, Litecoin, and the like, and these products can be traded with a maximum leverage of 1:2.

   While the library of educational articles can seem a bit underwhelming compared to what other brokers have to offer in terms of education, XTB does make up for this by hosting webinars that users can attend on a daily basis.

   XTB also looks out for all of its users by providing excellent customer support, which can be accessed via live chat, email, and, in some jurisdictions, phone calls. While the last option is not available to Swedish clients, getting help via live chat is typically a quick and straightforward experience, and the customer support team is always ready to help during weekdays.

   Key Pros

   • Various cryptocurrencies and other markets
   • Excellent trading platform
   • Clients do not need to meet a minimum deposit requirement
   • Does not attach fees to withdrawals over €100
   • Deposit methods include digital wallets, bank transfers, and bank cards

   Key Cons

   • Inactivity fee
   • No phone support for Swedish clients
   • 24/5 customer support
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.
3. TRADE NOW READ REVIEW
   3. Saxo Bank

   Min. Deposit	$0
   Regulations	FSA (Denmark), FINMA, CySEC
   Tradable Coins	Bitcoin, Ethereum
   Software	SaxoTraderGo (proprietary), SaxoInvestor, SaxoTraderPRO
   Crypto Leverage	2:1
   Fees	Price (prices are indicative minimum spreads shown as a nominal figure in fiat currency): BTCUSD – 308 USD (classic), 265 USD (platinum), 201 USD (VIP) ETHUSD – 17.6 USD (classic), 15.2 USD (platinum), 11.5 USD (VIP)
   Exchange/Wallet	N/A
   Deposit Methods	Bank Transfer, Visa, Mastercard, Quick Payment
   Withdrawal Methods	Bank Transfer

   Saxo Bank is a Danish entity that was established all the way back in 1992, making it one of the longest-running brokers on our list. The broker offers a versatile market selection that includes forex, FX crypto, crypto ETFs (exchange-traded funds), and more. Trading with margin is also possible, but do note that due to EU rules, crypto leverage cannot exceed 2:1, seeing as crypto is considered a very volatile product.

   As Saxo Bank has been incorporated in Denmark, the entity is regulated by the Danish Financial Supervisory Authority (FSA). The broker has also earned the seal of approval of both the FINMA (Switzerland’s regulator) and CySEC (Cyprus).

   If Saxo Bank happens to be the broker for you, you will not find it difficult to create an account. The registration process is straightforward, and Saxo Bank is quick when it comes to confirming the details of clients requesting verification.

   Key Pros

   • Regulated by top-tier supervisory bodies
   • Easy registration
   • Apart from crypto, users can trade forex options, stocks, and more
   • Inexperienced traders can create a demo account
   • SaxoTraderGO is an excellent platform

   Key Cons

   • Customer support is not available every day of the week
   • Third-party platforms are not available
   • Very limited in terms of tradable coins
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.
4. TRADE NOW READ REVIEW
   4. Tickmill

   Min. Deposit	€100
   Regulations	CySEC; registered with BaFin, the ACPR, CONSOB, and the CNBM
   Tradable Coins	9
   Software	MT4, MT5
   Crypto Leverage	2:1
   Fees	BTCUSD – 12 pips (min); 10% swap charge per year is applied to all long positions
   Exchange/Wallet	No
   Deposit Methods	Bank Transfer, Visa, Mastercard, Skrill, Neteller, PayPal, Trustly
   Withdrawal Methods	Bank Transfer, Visa, Mastercard, Skrill, Neteller, PayPal, Trustly

   If you are looking to partake in the crypto market while still having access to numerous traditional financial instruments like forex, commodities, and the like, Tickmill might just fit the bill. This CySEC-regulated broker supports the entire MetaTrader suite in terms of platforms, and its modest collection of tradable coins allows for trading of crypto coins like Bitcoin, Ethereum, and more through contracts of difference (CFDs). Clients can choose between two account types, Classic and Raw, although Swedish users will need to choose EURas the base currency as SEK is not supperted.

   Tickmill strives to ensure that it can accommodate all types of traders, keep its operations secure, and provide competitive spreads, and its commitment is evidenced by the various rewards it has managed to earn in recent years. This includes “Best Forex Broker 2024” by Rankia Argentina, “Best Trading Spread” by BrokersView, and “#1 Broker for Commissions and Fees” by ForexBrokers.com, to name a few.

   Key Pros

   • Customer support is available via live chat
   • Mobile-friendly
   • Average execution time: 0.20 seconds
   • VPS (virtual private server) service for crypto traders who also enjoy forex trading
   • Economic calendar, trading toolkit, and other features

   Key Cons

   • 24/5 customer support
   • No platform options besides MT
   • Swedish is not included in the list of supported languages
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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.
5. TRADE NOW READ REVIEW
   5. AvaTrade

   Min. Deposit	€100
   Regulations	CySEC, Central Bank of Ireland, B.V.I Financial Services Commission, ASIC, JFSA, FSCA, ADGM, ISA
   Tradable Coins	15+
   Software	WebTrader, AvaOptions, AvaTrade App, Mac Trading, MT4, MT5
   Crypto Leverage	2:1
   Fees	BTCUSD – 0.10% Over-Market
   Exchange/Wallet	No
   Deposit Methods	Visa, Mastercard, Wire Transfer, PayPal, Skrill, Neteller, Perfect Money, Boleto
   Withdrawal Methods	Visa, Mastercard, Wire Transfer

   Traders in Sweden who are looking to try crypto trading with a reliable broker will find that there is much to like about AvaTrade. With a Trustpilot score of 4.5, AvaTrade evidently has a good reputation among its client base, and its market selection ensures users can partake in various types of trading. Whether you wish to trade cryptocurrencies, forex, commodities, or other products, AvaTrade will deliver.

   AvaTrade employs 256-bit secure socket layer encryption to protect client data and McAfee Secure for the purpose of credit card fraud or identity theft. Moreover, the broker ensures that AvaTrade users’ money is segregated away from company money. We should also stress that AvaTrade is licensed by multiple reputable regulatory bodies, including CySEC (Cyprus), ASIC (Australia), and the Central Bank of Ireland. The broker also strives to assist new crypto traders via its substantial collection of articles and videos, and it also has a demo account option.

   Key Pros

   • Available in Swedish
   • A good range of deposit methods are at the disposal of users
   • Robust SSL encryption
   • Suitable for Android and iOS devices
   • Licensed by CySEC and the Central Bank of Ireland

   Key Cons

   • Few withdrawal methods
   • Inactivity fee of €50 after three months of inactivity
   • Minimum deposit requirement of €100
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.
6. TRADE NOW READ REVIEW
   6. Plus500

   Min. Deposit	€100
   Regulations	FCA, CySEC, ASIC, FMA (New Zealand), FSCA, SFSA, EFSA, DFSA
   Tradable Coins	20+
   Software	Proprietary
   Crypto Leverage	2:1
   Fees	BTCUSD – 193.58 pips (min)
   Exchange/Wallet	No
   Deposit Methods	Visa, MasterCard, PayPal, Skrill, Bank Transfer, Apple Pay, Online Banking, MyBank
   Withdrawal Methods	Visa, Mastercard, Bank Wire, Skrill, Neteller, PayPal

   Plus500’s origins date back to 2008, and it quickly grew to an international broker that serves the preferences of trading enthusiasts across the globe. Cryptocurrencies are among Plus500’s selection of CFD markets. The leverage Swedish clients will be able to take advantage of if they decide to use Plus500 for crypto trading is 2:1, as is the case with all brokers that operate within the territory of the European Union or the European Economic Area.

   There are two account types to pick from, the first allowing one to partake in live trading while the latter is a demo account. A demo account is what one should choose if they are unfamiliar with the crypto market, as it allows for risk-free trading facilitated with virtual funds as opposed to real money.

   Once one is ready to begin trading with real funds, there are various deposit methods to pick from. In terms of bank cards, Visa and Mastercard are available, while for digital wallets, clients can use PayPal, Skrill, or Apple Pay. Bank wire transfers and Trustly are also included in the deposit section.

   Key Pros

   • Clients can choose Swedish from the language options
   • Over 20 crypto CFD products
   • Useful educational content that includes guides, webinars, ebooks, and more
   • SSL Encryption
   • 24/7 customer support

   Key Cons

   • Third-party platforms are not available
   • The education content could be better
   • Inactivity fee
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% 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.
7. TRADE NOW READ REVIEW
   7. Fusion Markets

   Min. Deposit	€0
   Regulations	ASIC, FSA, VFSC
   Tradable Coins	13
   Software	MT4, MT5, cTrader, DupliTrade
   Crypto Leverage	2:1
   Fees	BTCUSD – 10.63 pips (min) ETHUSD – 2.59 pips (min) SOLUSD – 0.143 pips (min) ADAUSD – 0.0 pips (min)
   Exchange/Wallet	No
   Deposit Methods	Visa, Mastercard, Bank Transfer, PayPal, Crypto, BinancePay, Skrill, Neteller, Jeton, Perfect Money, MiFinity
   Withdrawal Methods	Visa, Mastercard, Bank Transfer, PayPal, Skrill, Neteller, Perfect Money, Crypto, Jeton, MiFinity

   Swedish traders who are interested in crypto trading and, in particular, crypto contracts of difference (CFDs), will find Fusion Markets to be an excellent option. The broker has made depositing effortless by not requiring a minimum deposit amount and giving clients lots of payment solutions, has a variety of markets and 10+ cryptocurrency CFDs to pick from, and its spreads are considered to be relatively competitive. In terms of account types, clients can choose between a Zero, Classic, Swap Free, and Demo Account depending on what they prefer, with the last option being ideal for novices who want to try risk-free trading.

   Fusion Markets has also ensured that whenever clients are in need of help, they can easily reach out to the customer support team for help via either live chat or email. Judging by Fusion Market’s impressive 4.5 rating on Trustpilot, many clients have had positive experiences when seeking out the broker’s customer support staff for assistance.

   Key Pros

   • Deposits are not subject to a minimum requirement
   • Good selection of fiat-based payment methods
   • Both MetaTrader platforms are supported
   • Demo account available
   • Offers various markets

   Key Cons

   • Not available in Swedish
   • Phone support is exclusive to Australia
   • Does not offer much in terms of education
   Gleneagle Asset Management Limited (ABN 29 103 162 278) trading as Fusion Markets, is the issuer of the Fusion Markets Products described in this communication. Trading in Fusion Markets Products involves the potential for profit as well as the risk of loss which may vastly exceed the amount of your initial deposit and is not suitable for all investors. You should read all of these Financial Product Service Terms, the Product Disclosure Statement (PDS) and the Financial Services Guide (available on our website) carefully, consider your own financial situation, needs and objectives for investing in these Fusion Markets Products and obtain independent financial advice.
8. TRADE NOW READ REVIEW
   8. FP Markets

   Min. Deposit	€50
   Regulations	CySEC, FSCA, SFSA, ASIC, registered with the regulator of St. Vincent & the Grenadines
   Tradable Coins	10+
   Software	MT4, MT5, TradingView, cTrader, WebTrader
   Crypto Leverage	2:1
   Fees	BTCUSD – 18.85 pips average spread
   Exchange/Wallet	No
   Deposit Methods	Visa, Mastercard, PayPal, Bank Transfer, Neteller, Skrill
   Withdrawal Methods	Visa, Mastercard, Bank Wire Transfer, Neteller, Skrill

   FP Markets was established nearly two decades ago in Australia, and it now operates in a range of jurisdictions across the globe. Its CySEC licensing allows it to operate in jurisdictions across the European continent, and its catalogue includes various forex pairing, commodity CFDs, and more, with crypto CFDs being one of the highlights of FP Markets’ catalogue.

   Blockchain mavens will find over a dozen CFD products of the most popular cryptocurrencies, and they will be able to trade with a leverage of up to 2:1. We should also point out that FP Markets is compatible with smartphones, regardless of whether the devices run on Android or iOS, which makes FP Markets an excellent option for any trader who values portability.

   If you suspect FP Markets might be the broker for you, you can rest assured that creating an account will not take up much time, and verification tends to be quick as well. Once done, you can choose between bank cards, digital wallets, or bank transfers to top up your account and prepare to trade crypto CFDs.

   Key Pros

   • Plenty of platforms to pick from
   • Licensed by multiple reputable regulatory entities
   • Competitive spreads
   • Crypto, forex, and indices are a couple of the
   • The registration process is straightforward

   Key Cons

   • 24/5 customer support
   • The section dedicated to education leaves a lot to be desired
   • €50 minimum deposit
   CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.92% 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.
9. TRADE NOW READ REVIEW
   9. Oanda

   Min. Deposit	€0
   Regulations	CFTC, IIROC, FCA, MAS, IFFA, ASIC, MFSA, BVI Financial Services Commission
   Tradable Coins	13
   Software	MT4, TradingView, Oanda Web, Oanda Mobile
   Crypto Leverage	2:1
   Fees	BTCUSD – 40.50 (min) ETHUSD – 28.10 (min)
   Exchange/Wallet	No
   Deposit Methods	Credit Cards, Bank Wire, Bank Transfer, Skrill, Neteller
   Withdrawal Methods	Credit Cards, Bank Wire, Bank Transfer, Skrill, Neteller

   Oanda stands out as a broker that has been recognised by multiple of the world’s top-tier securities regulators, and that has earned various rewards throughout the years. In 2023, it was named “Broker of the Year” in the TradingView Broker Rewards, and in 2020, it received an accuracy ranking reward by Bloomberg.

   Forex, commodities, and, of course, cryptocurrency CFDs are among the products Oanda users can trade, and the broker supports several platforms. MetaTrader4 will be the most familiar to veteran traders, but TradingView, Oanda Web, and Oanda Mobile are also available, with the last option being compatible with both Android and iOS smartphones.

   While Oanda has an excellent FAQ section as well as a section dedicated to education, it is possible that there are times when getting assistance will be necessary. In such cases, Oanda clients can reach out via email, live chat, WhatsApp, or Facebook. Calling the support staff or SMS is also an option, but only in select countries.

   Key Pros

   • Multiple options in terms of platforms
   • Mobile-friendly
   • Regulated by reputable supervisory entities
   • Excellent resources in terms of education
   • Demo account

   Key Cons

   • Swedish is not included in the available languages
   • Phone support is not available everywhere
   • SEK is not a base currency at Oanda
   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 OANDA TMS Brokers S.A.

   You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
10. TRADE NOW READ REVIEW
    10. Eightcap

    Min. Deposit	€100
    Regulations	CySEC, ASIC, FCA, Securities Commission of The Bahamas
    Tradable Coins	100+
    Software	TradingView, MT4, MT5, WebTrader
    Crypto Leverage	2:1
    Fees	BTCUSD – 170 pips (min) ETHUSD – 20 pips (min) ADAUSD – 5 pips (min) SOLUSD – 200 pips (min)
    Exchange/Wallet	No
    Deposit Methods	Visa, Mastercard, PayPal, Wire Transfer, Skrill, Neteller, Crypto
    Withdrawal Methods	Visa, Mastercard, PayPal, Wire Transfer, Skrill, Neteller, Crypto

    Eightcap is an excellent broker to go for if you value versatility. Forex, commodities, and crypto CFDs are all included in Eightcap’s selection of instruments, with the selection of tradable coins, including Bitcoin, Ethereum, Solana, and more. Each crypto derivative can be traded with leverage of up to 2:1.

    Both MetaTrader platforms are supported, as is TradingView for those who consider MT’s interface and feature selection outdated. If you would not like to trade without downloading software, Eightcap also offers a web trading platform.

    Eightcap’s commitment to versatility is also evident in its deposit and cashout pages. Whether you enjoy depositing via bank cards, digital wallets, wire transfers, or crypto, you will be able to top up your account easily. This makes deposits a breeze, although note that the minimum deposit requirement stands at €100.

    Key Pros

    • Markets like crypto CFDs, forex, commodities, and more
    • Customer support is available via live chat
    • AI-powered economic calendar
    • Supports the full MetaTrader suite
    • Licensed by CySEC, ASIC, and other reputable regulators

    Key Cons

    • Customer support is not available on Saturdays and Sundays
    • €100 minimum deposit
    • The education content page is difficult to navigate
    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.09% 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.

Swedish Crypto Exchanges Ranked by Trustpilot Score

Top Swedish Crypto Exchanges Fees

Top 3 Crypto Exchanges in Sweden

Binance

With over 215 million users and counting, Binance is one of the most popular and trusted exchanges across the globe. Sweden is yet another location where Binance has gained a foothold, and it is registered with the Swedish Financial Supervisory Authority as a financial institution that may be used for managing and trading cryptocurrencies.

Hundreds of coins can be traded via Binance, with Bitcoin, Ripple, and Ethereum being but a few of the examples included. The exchange now offers a Web3 Wallet as well, which is a self-custody crypto wallet that is easy to use and secured via multi-party computation.

Its platform is feature-packed and suitable for desktop (macOS, Windows, Linux) and mobile devices alike. However, if you are not used to trading cryptocurrencies, the platform will take getting used to as many users consider it to be relatively complex.

Bitpanda

Established in 2014, Bitpanda is a broker with a decade of experience that gives Swedish blockchain enthusiasts the opportunity to trade Bitcoin, Litecoin, and 400 more cryptocurrencies. The exchange is also registered with the Swedish Financial Supervisory Authority.

The exchange is committed to ensuring that its users have access to educational content, which can be found in the Bitpanda Academy. There, users can take advantage of dozens of lessons on security, personal finance, the blockchain, and more.

Once a trader has decided to give Bitpanda a try, they will find that registering is a piece of cake and verification will not take up much of their time. Swedish clients should keep in mind that making a deposit can be done only via Mastercard or Visa, and the minimum deposit requirement is SEK 125.

Safello

The year 2013 saw the inception of Safello, a Swedish crypto exchange that is registered with Sweden’s local securities regulator. Its catalogue encompasses numerous cryptocurrencies, with Bitcoin, Cardano, and Dogecoin being several of the notable examples.

Safello’s platform is clean and suitable for a wide variety of users, and the exchange offers a stand-alone application that can be downloaded either from Google Play or the App Store, depending on the operating system of one’s device.

While customer support is not available around the clock, clients on the review platform Trustpilot have nonetheless praised the exchange’s customer support team for being helpful and quick to provide clients with answers and resolve issues. When the customer service team is not available, clients can browse the convenient help page.

Legal Status of Cryptocurrency Trading in Sweden

The trading of cryptocurrencies is legal and subject to the capital gains tax in Sweden. In June 2024, the European Markets in Crypto-Assets (MICA) regulation came into effect in the country, but its implementation was partial. The MICA decree will be fully implemented in December 2024.

MICA is set to regulate cryptocurrencies and crypto trading across all of Europe, and a lot of its rules are based on the traditional laws that are already implemented by the securities regulators on the continent. Regulations are split into several categories, with some covering asset-referenced tokens, others e-money tokens, and last but not least, utility tokens, which do not fall under the first two categories. Stablecoins are also regulated under MICA, with licensing being required to certify their backing.

What Forms of Crypto Trading Are Legal in Sweden

If you are looking to trade cryptocurrencies in Sweden, you will be able to partake in spot trading and even trade with leverage. However, the cap on leveraged crypto trading is 2:1, as is the case in other European jurisdictions. Futures trading is also offered to Swedish clients at Sweden-friendly exchanges.

Another popular form of trading that is permitted in Sweden is achieved through contracts of difference (CFDs), which tend to be the only form of crypto trading available on traditional forex brokers.

It should also be noted that when it comes to trading stablecoins, the selection of tradable coins might not be as wide as in other jurisdictions, seeing as, according to new European legislation, stablecoins need to meet the requirements of MICA. For example, this July saw an announcement by Binance that USDC has become MICA-compliant and would, therefore, be available on the platform.

Who Regulates Crypto Trading in Sweden

The Swedish Financial Supervisory Authority is the entity that oversees the implementation and enforcement of MICA regulations in Sweden. It is also responsible for overseeing Sweden’s securities market in general. Crypto exchanges that look to target Swedish clients typically seek to be registered in the regulator’s list of eligible entities, or get a licence. P

When it comes to crypto CFD brokers in particular, they can operate in Sweden so long as they are licensed by any of the securities supervisors of MiFID-compliant jurisdictions. Such regulators include CySEC (Cyprus), BaFIN (Germany), and the AMF (France), among others.

Common Costs Associated with Crypto Trading in Sweden

If you are looking to trade cryptocurrencies and reside in Sweden, there are plenty of expenses that you will need to consider before embarking on your journey. First and foremost, remember that trading is always accompanied by either the spread, a commission, or maker and taker fees. The spread refers to the price gap between the lowest ask price and the highest bid price. It is advised to trade with narrow spreads when possible. If a broker advertises some products as having zero spread, it is highly likely that the platform charges a commission instead, so definitely check your respective broker’s account conditions and specific fee structure.

On crypto exchanges, in particular, traders will come across maker and taker fees, the former of which are typically lower than the latter due to makers’ role in providing the market with liquidity. Crypto platform users must also be aware of the transaction costs, which are known as “gas fees” when it comes to the Ethereum blockchain.

Deposits and cashouts may also come with costs. While platforms themselves seldom attach fees to deposits, you might need to pay some nonetheless due to your bank. As for withdrawals, it is more common to come across platforms that charge clients for cashouts. Another type of cost is the inactivity fee, which is charged when a client abandons their account for a prolonged period of time.

Of course, taxes should also be taken into account by anyone who is considering getting into cryptocurrency trading in the country. If you would like to learn about how crypto is taxed in Sweden, the following section covers the core details.

Are Profits from Crypto Trading Taxed in Sweden

According to Swedish legislation, a 30% capital gains tax applies on profits that Swedish traders accumulate from trading cryptocurrencies. Transactions associated with margin trading, the selling of crypto, futures trading (including derivatives), and NFT trading are examples of what is subject to the capital gains tax and must, therefore, be reported as capital gains. Traders should also keep in mind that 70% of losses can be deducted from one’s gains. If one happens to participate in the staking programme of their exchange of choice, then a 30% interest income tax also applies to the rewards.

Tax filing happens annually, and the absolute deadline that Swedish residents have to submit their taxes is May 2nd, although it may be extended to Matt 3rd or 4th should the original deadline date fall on a weekend.

How to Pick Quality Crypto Brokers for Sweden

There are various factors you can consider when it comes to assessing whether a crypto platform is suitable for you. First and foremost, make sure that the broker or exchange you go with is regulated or registered with the relevant supervisory bodies. In Sweden, the entity that regulates crypto trading is the Swedish Financial Supervisory Authority, and either a registration with this regulator or a licence will tell you that the entity is trustworthy. In the case of brokers, a licence from another MiFID-compliant supervisory authority will also offer reassurance of the broker’s conduct

Next, one should check a platform’s fees. Narrow spreads, lack of deposit and cashout fees, and low maker/taker fees are things you should aim to find when choosing a broker or an exchange.

As for software, plenty of exchanges and brokers have proprietary platforms. If you prefer industry staple platforms like cTrader, TradingView, or either of the MetaTrader iterations, you will typically need to go with a broker.

Next, you are going to want to go with a platform that supports the trading of various cryptocurrencies. On brokers, you will typically have a dozen or so crypto CFDs to pick from, while exchanges tend to have far more cryptocurrencies available to trade. Going with the latter will also let you trade futures or partake in spot trading.

Finally, do not forget to check the platform’s fiat-based deposit and cashout methods. Here, what matters is that the platform supports a couple of payment solutions that you find convenient to use.

Written by Z. Stefanova