Best Nasdaq Nordic & Baltics Brokers 2025
Discover the best brokers with access to the Nasdaq Nordic & Baltics following our rigorous hands-on testing.
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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.
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is a leading multi-asset platform offering trading in thousands of CFDs, stocks, and cryptoassets. Established in 2007, it has millions of active global traders and is regulated by top authorities like the FCA and CySEC. It is well-known for its social trading platform. Crypto trading is provided through eToro USA LLC. Investments are subject to market risk, including potential loss of principal. CFDs are not available in the US. Crypto investments carry risk and may not be suitable for retail investors, with a possibility of losing your entire investment. Understand the risks here. 61% of retail CFD accounts lose money. -
3Skilling 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.
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4Founded in 1996, Swissquote is a Swiss bank and broker offering online trading with three million products, including forex, CFDs, futures, options, and bonds. Known for its reliability, Swissquote has built a strong reputation with innovative trading solutions, such as being the first bank to offer crypto trading in 2017 and recently introducing fractional shares and the Invest Easy service.
Compare Brokers
| Broker |  |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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✓ | ✓ | $0 | $100 | 1:50 | ✗ | FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM | 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 | USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF | Capitalise.ai, TWS API | ✓ | ✗ | |
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✓ | ✓ | $100 | $10 | 1:30 EU | ✓ | FCA, ASIC, CySEC, FSA, FSRA, MFSA, CNMV, AMF | CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTsStocks, ETFs, Options, Crypto | eToro Web, CopyTrader, TradingCentral | USD, EUR, GBP | Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. | ✓ | ✗ | |
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✓ | ✓ | $1001000 NOK1000 SEK | 0.01 Lots | 1:30 (Retail)1:1000 | ✓ | CySEC | Forex, CFDs, Stocks, Indices, Commodities and Cryptos | Skilling Trader, MT4, cTrader, TradingView | USD, EUR, GBP, SEK, NOK | Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | |
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✓ | ✓ | $1,000 | 0.01 Lots | 1:100 (Retail), 1:400 (Pro) | ✗ | FCA, FINMA, CSSF, DFSA, SFC, MAS, MFSA, CySEC, FSCA | CFDs, Forex, Stocks, Indices, Bonds, Options, Futures, ETFs, Crypto (location dependent) | CFXD, MT4, MT5, AutoChartist, TradingCentral | USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, TRY, SEK, NOK, CHF, HKD, SGD, PLN, AED, SAR, HUF, THB, QAR, MXN | Expert Advisors (EAs) on MetaTrader and FIX API solutions | ✓ | ✗ | |
| Broker | |
USD Account |
Demo Account |
Minimum Deposit |
Minimum Trade |
Leverage |
Copy Trading |
Regulator |
Instruments |
Platforms |
Account Currencies |
Automated Trading |
AI |
Guaranteed Stop Loss |
Safety Comparison
Compare how safe the Best Nasdaq Nordic & Baltics Brokers 2025 are.
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
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✗ | ✓ | ✓ | |
| Broker | Trust Rating |
Guaranteed Stop Loss |
Negative Balance Protection |
Segregated Accounts |
Mobile Trading Comparison
Compare the mobile trading features of the Best Nasdaq Nordic & Baltics Brokers 2025.
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
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iOS & Android | ✓ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
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iOS & Android | ✗ | ||
| Broker | Mobile Apps |
iOS Rating |
Android Rating |
Smart Watch App |
Comparison for Beginners
Compare how suitable the Best Nasdaq Nordic & Baltics Brokers 2025 are for beginners.
| Broker | Demo Account |
Minimum Deposit |
Minimum Trade |
Education Rating |
Support Rating |
Fractional Shares |
Demo Competitions |
|---|---|---|---|---|---|---|---|
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✓ | $0 | $100 | ✓ | ✗ | ||
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✓ | $100 | $10 | ✓ | ✗ | ||
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✓ | $1001000 NOK1000 SEK | 0.01 Lots | ✗ | ✗ | ||
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✓ | $1,000 | 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 Nasdaq Nordic & Baltics Brokers 2025 are for advanced or professional traders.
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
|---|---|---|---|---|---|---|---|---|
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Capitalise.ai, TWS API | ✗ | ✗ | ✓ | ✗ | 1:50 | ✓ | ✓ |
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Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. | ✗ | ✗ | ✓ | ✗ | 1:30 EU | ✗ | ✓ |
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Expert Advisors (EAs) on MetaTrader | ✗ | ✗ | ✗ | ✓ | 1:30 (Retail)1:1000 | ✓ | ✓ |
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Expert Advisors (EAs) on MetaTrader and FIX API solutions | ✗ | ✓ | ✓ | ✗ | 1:100 (Retail), 1:400 (Pro) | ✓ | ✗ |
| Broker | Automated Trading |
VPS |
API |
AI |
Pro Account |
Leverage |
Low Latency |
Extended Hours |
Accounts Comparison
Compare the trading accounts offered by Best Nasdaq Nordic & Baltics Brokers 2025.
| Broker | Demo Account |
Interest on Cash |
Islamic Account |
Joint Account |
Managed Account |
PAMM |
MAM |
LAMM |
Pro Account |
|---|---|---|---|---|---|---|---|---|---|
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✓ | USD: 4.8%, GBP: 4.7% | ✗ | ✓ | ✓ | ✗ | ✓ | ✗ | ✗ |
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✓ | USD: 5.3% | ✓ | ✗ | ✓ | ✗ | ✗ | ✗ | ✗ |
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✓ | ✗ | ✓ | ✗ | ✗ | ✓ | ✓ | ✗ | ✓ |
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✓ | USD: 1.75%, GBP: 2%, EUR: 1.5%, CHF: 0.75% | ✓ | ✓ | ✗ | ✗ | ✓ | ✗ | ✗ |
| 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 Nasdaq Nordic & Baltics Brokers 2025 in key areas.
| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
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| Broker | Trust |
Platforms |
Assets |
Mobile |
Fees |
Accounts |
Research |
Education |
Support |
Fee and Cost Comparison
Compare the cost of trading with the Best Nasdaq Nordic & Baltics Brokers 2025.
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
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✗ | $0 | 0.003 | 0.08-0.20 bps x trade value | 0.12%-0.18% | |
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✓ | $10 | 0.57 (Apple) | 0.9 | BTC 1% | |
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✗ | $0 | 1.0 | 0.4 | BTC 0.5 | |
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✗ | $0 | N/A | 1.3 | 71 BTC (Prime Account) | |
| Broker | Cost Rating |
Fixed Spreads |
Inactivity Fee |
CFD Stocks Spread |
EUR/USD Spread |
Crypto Spread |
Broker Popularity
See how popular the Best Nasdaq Nordic & Baltics Brokers 2025 are in terms of number of clients.
| Broker | Popularity |
|---|---|
| eToro |
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| Interactive Brokers |
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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
- 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.
- The new IBKR Desktop platform combines the advantages of TWS and adds unique tools like Option Lattice and Screeners with MultiSort to make trading accessible and impressive for traders of all levels.
- IBKR, primarily designed for skilled traders, has expanded its appeal recently by eliminating its initial $10,000 deposit requirement.
Cons
- Customer service may take time to respond, and there may be delays in fixing problems based on tests. It could be difficult to reach the customer service promptly.
- 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.
- 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.
Why Trade With eToro?
eToro's social trading platform ranks highly due to its excellent user experience and active community chat, useful for beginners seeking trading opportunities. The platform also offers competitive fees on a vast selection of CFDs and actual stocks, alongside beneficial rewards for skilled strategy contributors.
Pros
- The web platform and mobile app receive higher user reviews and app rankings than leading competitors, including AvaTrade.
- eToro launched automated crypto staking for easy passive income, except for Ethereum, which requires opt-in.
- In 2025, eToro stopped including crypto trading fees in the spread. Now, the commission is charged separately and shown as a clear line item, providing traders with more transparency without increasing overall costs.
Cons
- The minimum withdrawal amount is $30 with a $5 fee, impacting beginners with little capital.
- There are no guaranteed stop-loss orders, which would be a helpful risk management feature for beginners.
- The absence of extra charting platforms like MT4 may reduce the appeal for experienced traders used to third-party software.
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
- Third-party charting tools exist for committed traders, offering numerous technical indicators and advanced order types.
- 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.
Why Trade With Swissquote?
Swissquote is a great option for active traders seeking a customizable platform, like its CXFD that includes Autochartist for automated chart analysis to assist trading decisions. However, its average fees and high $1,000 minimum deposit may be less accessible for beginners.
Pros
- Swissquote offers advanced research tools such as Autochartist for technical analysis and real-time news integration from Dow Jones. Their proprietary Market Talk videos and Morning News reports provide daily expert analysis, which is attractive to active traders.
- Swissquote offers robust platforms for trading, including MetaTrader 4/5 and its proprietary CFXD (formerly Advanced Trader). These platforms provide customizable layouts, advanced charting tools, and technical indicators, all of which performed well in testing.
- Swissquote caters to fast trading strategies like scalping and high-frequency trading, offering 9ms average execution speeds, a 98% fill rate, and FIX API.
Cons
- Swissquote mainly serves professional and wealthy clients, requiring high minimum deposits like $1,000 for Standard accounts. This makes it less suitable for smaller traders, who might prefer brokers offering higher leverage and no minimum deposit.
- Analysis indicates Swissquote has relatively high fees, with forex spreads starting at 1.3 pips on Standard accounts, whereas Pepperstone and IC Markets offer 0.0 pips. Transaction fees for non-Swiss stocks and ETFs can increase costs for frequent traders.
- Unlike brokers like eToro, which offer social trading features, Swissquote lacks tools for community interaction or copying successful traders. This limits its appeal for those who value peer learning.
Filters
How We Chose The Best Brokers For Trading On Nasdaq Baltic
We selected the top brokers for trading on Nasdaq Baltic by prioritizing firms that genuinely provide access to Baltic-listed shares and related instruments (Estonia, Latvia, Lithuania).
For every broker, we independently confirmed access to Nasdaq Baltic – either by checking the instruments available in the trading platform or by verifying details with the broker’s support team.
Only providers that passed this access check were included. From there, we ranked them by overall score, using 200+ data points plus insights from our in-house equity traders to highlight the best Nasdaq Baltic brokers.
What Is The Nasdaq Nordic and Baltics?
The Nasdaq Nordic and Baltics is an integrated network of trading exchanges in Northern Europe. It brings together the main securities exchanges of seven countries:
- Denmark (Nasdaq Copenhagen)
- Estonia (Nasdaq Tallinn)
- Finland (Nasdaq Helsinki)
- Iceland (Nasdaq Iceland)
- Latvia (Nasdaq Riga)
- Lithuania (Nasdaq Vilnius)
- Sweden (Nasdaq Stockholm)
From the early 1990s to late 2000s, a flurry of stock exchanges were created, merged and acquired in the region. This culminated in the Nasdaq OMX Group launching the INET trading platform in 2010, which integrated these seven trading venues onto one system.
The move was designed to improve efficiency, liquidity and transparency for trading assets across the countries. Today, investors can buy and sell a wide range of securities including stocks, bonds, exchange-traded funds (ETFs) and derivatives across these Nordic and Baltic nations.
Pro tip: The OMX Nordic 40 is one of the most traded share indices across the Nasdaq Nordic and Baltics.
This bellwether collection is a market-weighted stock index comprising 40 of the largest and most liquid companies in Denmark, Finland, Iceland and Sweden.
The OMX Nordic 40 is reviewed twice a year, and includes companies that also feature on other global exchanges. Major names include shipping giant Maersk, brewer Carlsberg, carmaker Volvo and energy producer Ørsted.
The OMX Nordic 40. Source: Google Finance
Ways To Trade The Nasdaq Nordic and Baltics
Today investors can choose from hundreds of individual shares on the Nasdaq Nordic and Baltics. These range from the blue-chip multinationals mentioned above to smaller, local businesses.
Pro tip: There are more than 1,700 companies for individuals to trade. These comprise over 650 on the main market, and over 480 at First North, the secondary market for small- and medium-sized firms.
Investors can also trade ETFs that track indices like the OMX Nordic 40, the OMX Stockholm 30 and the OMX Copenhagen 25. The latter two indices track the performance of Sweden and Denmark’s biggest and most liquid shares respectively.
It’s also possible to buy ETFs that follow particular sectors or themes. The XACT Svenska Småbolag, for instance, tracks a selection of small-cap Swedish stocks.
Traders can also deal in government and corporate bonds, and raw materials with the use of exchange-traded commodities (ETCs). In addition, derivative products like futures and options are available to trade a range of securities and indices.
Choosing A Broker To Trade On The Nasdaq Nordic and Baltics
Some of the critical factors to consider when selecting a brokerage include:
Trustworthiness
The number one rule when starting out is to ensure your money and your personal data are protected, and that your broker will execute your trading instructions without hassle.
To improve your chances of achieving this, it’s important to ascertain that the company you’re considering is authorized to trade by a respected local regulator. This provides protections against fraudulent parties and bad business practices.
For instance, the Swedish Financial Supervisory Authority (Finansinspektionen) maintains a company register investors can use to find locally licensed brokers. Companies that fail to adhere to the regulator’s strict rules and standards can be subject to penalties including monetary fines, and suspension and revocation of trading licenses.
Locating Swissquote using the Finansinspektionen search facility. Source: Finansinspektionen
Pro tip: Sweden’s Finansinspektionen is classified as a Category A watchdog under BrokerListing.com’s Regulator Rating System. This register includes a wide range of global regulators for traders to consider, and includes ratings for each.
Top broker for trustworthiness: Swissquote has been operating for roughly three decades, and is regulated by some of the world’s most respected watchdogs. These include the UK’s Financial Conduct Authority (FCA), Switzerland’s Financial Market Supervisory Authority (FINMA), and the Monetary Authority of Singapore (MAS).
Trading Platform
If you’re spending much of your day behind a screen, you’ll want to know that the platform you’re using is both easy and enjoyable to use.
Certain things are subjective, like a platform’s color scheme, layout, and navigation. However, there are some universal non-negotiables that investors share, and it’s important to check these out when considering which brokerage to use.
Important things to look for include:
- Platform stability and transaction speeds.
- Portfolio analysis tools.
- Clear, easy-to-access data.
- Platform customizability.
- Risk management devices, including stop-loss and take-profit orders.
- Chart quality, and the provision of advanced charting tools.
- Availability of a mobile app for trading ‘on the go.’
- Backtesting tools and demo accounts for honing trading strategies.
- Real-time and Level 2 (or order book) data, along with news feeds, economic calendars and other resources.
- Support for algorithmic trading and bots.
- Compatibility with third-party trading software like MetaTrader5 (MT5), TradingView and cTrader.
- Customer service, including hours of operation and methods of contact.
Top broker for trading platform: Interactive Brokers offers a multitude of research tools, low latency, AI-powered features (like portfolio analysis) and an impressive mobile app for both iOS and Android.
It also provides customer service around the clock during the trading week, and several ways in which traders can make contact (including telephone, online chat and e-mail).
Trading Novo Nordisk shares on Interactive Brokers. Source: Interactive Brokers
Trading Costs
Keeping trading costs to a minimum is critical, and especially if you’re a high-frequency trader.
Billionaire stocks guru Warren Buffett once said “if returns are going to be 7% or 8% and you’re paying 1% for fees, that makes an enormous difference in how much money you’re going to have in retirement.” It’s a slice of wisdom that’s as valid for short-term trading as it is for long-term investing.
It’s therefore important to make sure your profits aren’t being chipped away by expenses you can avoid. Think about things like transaction fees, account charges, deposit and withdrawal fees, but also the bid-ask spreads.
Brokers with low or zero headline costs often compensate for this through wider spreads, which may work out more expensive for a trader than paying a chunky fee for each transaction.
Top pick for trading costs: Skilling doesn’t charge deposit fees, commissions on transactions, and there are no account inactivity charges. Spreads are also competitive and begin at 0.7 pips for standard accounts.
Local Currency Accounts
Tied to the trading costs theme, if you reside in a Nordic or Baltic country it may be worth checking out brokers that permit dealing in local currencies.
For instance, traders in Denmark may want to consider IG, which offers a Danish Krone (DKK) account. Meanwhile, investors in Estonia, Finland, Latvia and Lithuania, could save a packet in currency conversion fees with a top euro account provider, such as FXCC.
Asset Range
Not all brokerages will offer the exact range of securities.
If you want to trade blue-chip shares like Novo Nordisk, for instance, or an ETF tracking the OMX Nordic 40, there’s a high chance you’ll be able to find them with any broker.
However, it may be tougher to find a brokerage that offers certain other securities and financial instruments, such as small-cap Icelandic shares. So keep in mind what you plan to trade – and may wish to in the future – when choosing a broker.
Choosing a broker with a broad product range can improve an investor’s ability to capitalize on market opportunities.
Top pick for asset range: eToro has one of the broadest catalogs of tradable securities out there. These include stocks, indices, ETFs, commodities, derivatives and cryptocurrencies.
How To Begin Trading On The Nasdaq Nordic and Baltics
The account sign-up process differs among brokers. But to begin trading in Nordic and Baltic securities, expect the steps to look like this:
- Locate a broker. The market is large, so I’d spend a large amount of time choosing the best one based on the considerations discussed above. Furthermore, I’d consider choosing a brokerage with a demo trading account – this way I could ‘road test’ their platform before putting any capital down.
- Open an account. With my broker chosen, I’d need to register for an account to start trading. I’d be required to provide some personal details, and to send over digital copies of ID and proof of address.
- Deposit some money. I wouldn’t be able to trade without having money in my account. So I’d need to make a deposit. Popular payment methods include using a bank transfer, debit card transaction, a digital wallet (such as Apple Pay) or a third-party payment provider (like PayPal).
- Begin trading. After carefully researching the financial securities I plan to trade, I’d be ready to open my first position, making full use of my trading platform’s tools (like risk management and charting tools).
- Monitor the market. I’d need to closely watch the market, and be ready to trade when conditions change according to my investing objectives.
Bottom Line
Traders have a large range of brokers to choose from if they wish to deal on the Nasdaq Nordic and Baltics. It’s important to check that the company you’re looking at is authorized by a reputable regulator. After this, consider other important points like trading costs, platform quality, and the range of securities on offer.