Best Brokers With NOK Accounts 2025
Dig into our top brokers offering NOK accounts after extensive testing, designed to reduce conversion fees and optimize the experience for traders in Norway.
WriterJames Barra
Fact CheckerTobias Robinson
Brokers With:
Norwegian Krone (NOK)
Showing top 5 of 6 matching brokers.
-
1Interactive Brokers (IBKR) is a top brokerage firm offering access to 150 markets in 33 countries and a range of investment services. With 40 years in the field, this company listed on Nasdaq strictly follows the rules set by authorities such as the SEC, FCA, CIRO, and SFC. It's recognized as one of the most reliable brokers for global trading.
-
2Founded in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage offering trading on over 1,200 instruments, including binary options. It provides various accounts (JForex, MT4/5, Binary Options) and advanced platforms (JForex, MT4/MT5) with strong tools and market data for active traders.
-
3Trade Nation is a leading foreign exchange and contract for difference broker regulated in various areas including the UK and Australia. This company provides affordable fixed and variable spreads on over 1000 assets and strong trading platforms and educational resources. Traders could use the Signal Centre for trading ideas.
-
4Skilling is a broker established in 2016, located in Cyprus. It provides a wide range of trading instruments with competitive spreads from 0.1 pips. The platform is beginner-friendly and is regulated in Europe and other regions with clear pricing. Registering and starting trading involves three simple steps.
-
5Established in 1989, CMC Markets is a reputable brokerage firm authorized by various top regulators such as the FCA, ASIC and CIRO, and is listed on the London Stock Exchange. They boast a global client base of over 1 million traders and have received numerous awards.
Compare Brokers With NOK Accounts
| Broker |  |
Payment Methods |
|---|---|---|
 |
ACH Transfer, Automated Customer Account Transfer Service, Cheque, Debit Card, TransferWise, Wire Transfer | |
 |
Apple Pay, Bitcoin Payments, Credit Card, Debit Card, Ethereum Payments, Maestro, Mastercard, Neteller, Skrill, Visa, Wire Transfer | |
 |
Credit Card, Debit Card, Mastercard, PayPal, Skrill, Visa, Wire Transfer | |
 |
Apple Pay, Klarna, Mastercard, Neteller, PayPal, Skrill, Trustly, Visa, Wire Transfer | |
 |
Credit Card, Debit Card, Mastercard, PayPal, Visa, Wire Transfer | |
| Broker | |
Payment Methods |
Broker Details Comparison
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
|---|---|---|---|---|---|---|
|
✓ | $0 | $100 | 1:50 | Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies | Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower |
|
✓ | $100 | 0.01 Lots | 1:200 | CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options | JForex, MT4, MT5 |
|
✓ | $0 | 0.1 Lots | 1:500 (entity dependent) | Forex, CFDs, Indices, Shares, Commodities, Futures, Bonds, Spread Betting, Cryptos (Bahamas Entity Only) | MT4 |
|
✓ | $1001000 NOK1000 SEK | 0.01 Lots | 1:30 (Retail)1:1000 | Forex, CFDs, Stocks, Indices, Commodities and Cryptos | Skilling Trader, MT4, cTrader, TradingView |
|
✓ | $0 | 0.01 Lots | 1:30 (Retail), 1:500 (Pro) | CFDs, Forex, Stocks, Indices, Commodities, ETFs, Treasuries, Custom Indices, Spread Betting | Web, MT4, TradingView |
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Assets |
Platforms |
Safety Comparison
Compare how safe the Best Brokers With NOK Accounts 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
|---|---|---|---|---|
|
✗ | ✓ | ✓ | |
|
✗ | ✓ | ✓ | |
|
✗ | ✓ | ✓ | |
|
✗ | ✓ | ✓ | |
|
✓ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Brokers With NOK Accounts 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
|---|---|---|---|---|
|
iOS & Android | ✓ | ||
|
iOS & Android | ✗ | ||
|
iOS & Android | ✗ | ||
|
iOS & Android | ✗ | ||
|
iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Brokers With NOK Accounts 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
|
✓ | $0 | $100 | ✓ | ✗ | ||
|
✓ | $100 | 0.01 Lots | ✗ | ✗ | ||
|
✓ | $0 | 0.1 Lots | ✗ | ✗ | ||
|
✓ | $1001000 NOK1000 SEK | 0.01 Lots | ✗ | ✗ | ||
|
✓ | $0 | 0.01 Lots | ✗ | ✓ | ||
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
Comparison for Advanced Traders
Compare how suitable the Best Brokers With NOK Accounts 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
|
Capitalise.ai, TWS API | ✗ | ✗ | ✓ | ✗ | 1:50 | ✓ | ✓ |
|
Yes (EAs & FIX APIs) | ✗ | ✓ | ✗ | ✗ | 1:200 | ✓ | ✗ |
|
Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | ✗ | ✗ | 1:500 (entity dependent) | ✗ | ✗ |
|
Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | ✗ | ✓ | 1:30 (Retail)1:1000 | ✓ | ✓ |
|
Expert Advisors (EAs) on MetaTrader | ✓ | ✗ | ✗ | ✓ | 1:30 (Retail), 1:500 (Pro) | ✓ | ✓ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Brokers With NOK Accounts 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
|
✓ | USD: 4.8%, GBP: 4.7% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
|
✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✗ | ✗ | ✗ |
|
✓ | ✗ | ✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ |
|
✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✓ | ✗ | ✓ |
|
✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ | ✗ | ✓ |
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
Detailed Rating Comparison
Compare how we rated the Best Brokers With NOK Accounts 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
|---|---|---|---|---|---|---|---|---|---|
|
|||||||||
|
|||||||||
|
|||||||||
|
|||||||||
|
|||||||||
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Brokers With NOK Accounts 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
|---|---|---|---|---|---|---|
|
✗ | $0 | 0.003 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
|
✗ | CHF 100 | 0.1 | 0.1 | 0.1 | |
|
✓ | $0 | Variable | Variable | Fixed | |
|
✗ | $0 | 1.0 | 0.4 | BTC 0.5 | |
|
✗ | $10 | 0.02 | 0.7 | From 1.3 | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Brokers With NOK Accounts 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| Interactive Brokers |
|
| Dukascopy |
|
| CMC Markets |
|
Why Trade With Interactive Brokers?
Interactive Brokers is ideal for seasoned traders due to its robust charting platforms, updated data, and adaptability, especially with the IBKR Desktop application. Its exceptional pricing and advanced order features appeal to traders, and its variety of stocks remains unmatched in the market.
Pros
- IBKR provides a cost-effective platform for traders by offering low fees, narrow spreads, and clear pricing.
- IBKR offers exceptional access to global stocks, with thousands of equities available from over 100 market centers in 24 countries, including the recent addition of the Saudi Stock Exchange.
- Interactive Brokers was named Best US Broker for 2025 by DayTrading.com for its dedication to US traders, ultra-low margin rates, and affordable global market access.
Cons
- TWS's platform may be difficult for beginners to grasp because of its complexity - we were overwhelmed during our initial tests by the sheer volume of tools, features and widgets.
- Only one active session per account is allowed, which means you can't run the desktop version and mobile app at the same time. This can sometimes lead to a frustrating trading experience.
- IBKR offers many research tools. However, the tools are not uniformly distributed across trading platforms and the web-based 'Account Management' page, causing confusion for the users.
Why Trade With Dukascopy?
If you're an experienced trader, Dukascopy offers the tools you need: JForex for algorithmic strategies, competitive spreads from 0.1 pips, leverage up to 1:200, and the assurance of a Swiss-regulated bank and broker.
Pros
- The proprietary JForex platform is advanced, offering tools for algorithmic trading, detailed charting, and access to deep liquidity for traders.
- Dukascopy offers top-notch research, including a professional TV studio in Geneva for financial news, market analysis, and daily expert insights.
- Dukascopy provides tight spreads starting at 0.1 pips, leverage up to 1:200 (based on jurisdiction), and volume-based commissions that benefit high-frequency traders.
Cons
- JForex offers many features, but its complexity makes it less ideal for beginner traders who might prefer simpler platforms.
- Dukascopy's withdrawal fees are higher than most competitors we've tested, especially for bank wire transfers, which may discourage traders who need frequent fund access.
- Dukascopy offers educational resources and 24/7 support, but its complex platforms and tools require extensive testing and can overwhelm new traders.
Why Trade With Trade Nation?
Trade Nation is a suitable platform for new traders, offering diverse financial markets in a user-friendly environment. It has no minimum deposit requirement, provides free funding options, and robust educational resources.
Pros
- Beginners can start trading with a small initial deposit.
- The trading company provides narrow spreads and clear pricing.
- Trade a variety of investments using leveraged CFDs for buying and selling opportunities.
Cons
- Lower legal safeguards with overseas businesses.
Go to Trade Nation
67.3% of retail investor accounts lose money when trading CFDs with this provider. 84% of retail investor accounts lose money when trading CFDs with this provider.
Why Trade With Skilling?
Skilling is a great option for beginners wanting a competitive commission-free account with a copy trading feature. It's also suitable for seasoned strategy providers who want to earn commissions, or anyone interested in trading forex outside regular hours.
Pros
- The Skilling Copy solution is directly available from the cTrader web terminal. It simplifies portfolio management for strategy providers.
- The broker provides easy account funding with a wide variety of payment methods, and there are no deposit fees.
- Skilling has recently improved its services by introducing weekend forex trading for seven currency pairs.
Cons
- Access to stocks on the Skilling Trader platform is limited, and the MT4 accounts offer a reduced selection of instruments.
- Skilling falls behind competitors such as IG in providing research tools that assist traders in making educated decisions.
Go to Skilling
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 56% 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.
Why Trade With CMC Markets?
CMC Markets offers a great online platform for traders. It has advanced charting tools and a wide variety of CFDs to trade, including a large selection of currencies and customized indices. It caters to traders at all levels.
Pros
- CMC Markets is strictly overseen by respected finance entities, helping to ensure safe and reliable trading. Its excellent reputation ensures a secure trading environment.
- The CMC web platform offers an excellent user experience, featuring advanced charting tools and customizable options for trading. It suits both beginners and experienced traders. It supports MT4 and will add TradingView in 2025.
- The brokerage excels by offering various useful resources. These include scanners that identify trading patterns, webinars, tutorials, updates from news outlets, and research from esteemed companies like Morningstar.
Cons
- Trading stock CFDs carries a comparatively high commission charge, particularly when contrasted with more affordable brokers such as IC Markets.
- A $10 monthly inactivity fee is charged after one year of no trading activity. This could discourage occasional traders.
- While the web platform has improved, it still needs more enhancements to be as user-friendly for trading as competitor software such as IG.
Go to CMC Markets
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
LOADING...
Close
Filters
Loading...
Methodology
To identify the best brokers offering NOK-denominated accounts, we conducted a comprehensive evaluation using our frequently updated broker database, which tracks hundreds of platforms globally.
We focused on brokers that allow Norwegian traders to deposit, withdraw, and trade in Norwegian krone (NOK) while maintaining competitive fees and robust trading features.
Our final rankings were determined by analyzing over 200 data points, including transaction costs, platform reliability, access to financial markets, and regulatory compliance. We also incorporated hands-on testing feedback from our expert traders.
What Is an NOK Account?
An NOK trading account is a brokerage account where all trades, balances, and profits are recorded in Norwegian krone (NOK).
As the official currency of Norway, NOK is commonly used for domestic transactions. However, many international brokers default to USD or EUR as their primary account currencies from our investigations, making NOK-denominated accounts a more specialized offering.
Based on our analysis of the best trading accounts, using an NOK account has several advantages:
- Avoiding Currency Conversion Costs: If you live in Norway and earn in NOK, using an NOK trading account means you won’t have to convert funds when depositing or withdrawing, saving you on conversion fees.
- Reducing Foreign Exchange Risk: Trading with an NOK account helps Norwegian traders avoid unnecessary exposure to NOK fluctuations against USD or EUR.
- Streamlined Access to Norwegian Markets: If you trade Norwegian stocks, bonds, or ETFs listed on the Oslo Stock Exchange (OSE), an NOK account simplifies transactions and eliminates unnecessary conversion delays.
How Do I Open an NOK Account?
Opening an NOK-denominated trading account requires selecting a broker that supports transactions in Norwegian krone. Here’s how to get started:
- Choose a Broker: Select a broker that offers NOK as a base currency and supports convenient banking options. Check for regulatory approval from Finanstilsynet (Norwegian Financial Supervisory Authority) or another respected body to ensure reliability.
- Register an Account: Complete the broker’s onboarding process, which usually includes verifying your identity and proof of residence in Norway.
- Set NOK as Your Base Currency: When signing up, select NOK as your default account currency to ensure all transactions and balances remain in krone.
- Deposit Funds: Fund your account using Norwegian-friendly payment options like BankID transfers or Vipps. Many brokers we’ve used also support NOK deposits via credit/debit cards or e-wallets.
- Start Trading: Once funded, you can begin trading NOK-denominated assets or international instruments without extra conversion costs.
For instance, below is an example where I set up an NOK trading account at a leading brokerage, easyMarkets.
Setting up a NOK trading account with easyMarkets
Who Should Use an NOK Trading Account?
An NOK trading account is ideal for:
- Norwegian Residents: If you live in Norway and earn in NOK, having a trading account in krone makes managing finances easier.
- Investors Focused on Norwegian Assets: If your portfolio includes stocks from the Oslo Stock Exchange (OSE) or Norwegian ETFs, an NOK account helps eliminate foreign exchange costs.
- Traders Who Want to Minimize Currency Risks: If your expenses, income, or savings are in NOK, holding an NOK trading account prevents losses caused by exchange rate fluctuations.
- Users of Norwegian Banking Services: Some brokers that support NOK accounts also allow seamless integration with Norwegian banking solutions like Vipps, BankID, and local bank transfers.
What Are the Downsides of an NOK Trading Account?
- Limited Broker Selection: Many global brokers still do not offer NOK as a base currency, meaning fewer options for Norwegian traders.
- Higher Costs for Non-NOK Assets: If you trade assets denominated in USD, EUR, or GBP, you may encounter currency conversion fees when executing trades.
- Exchange Rate Risks for International Trading: While an NOK account protects you from domestic currency fluctuations, it also means you may face challenges if the krone weakens against the US dollar or euro, potentially affecting international investments.
- Liquidity and Spread Considerations: Some brokers charge slightly wider spreads on NOK-based forex pairs or offer fewer trading options compared to USD or EUR accounts.
- Banking and Withdrawal Limitations: Not all brokers support NOK withdrawals through local Norwegian banking systems, which could lead to higher fees or delays when cashing out profits.