In order to trade successfully, it is very important to choose the right broker. in Sweden, a large number of companies provide access to trading and you will have to choose the one for you among them. It is important to work only with reliable brokers providing all the required instruments for trading based on your trading strategy. TU analysts have selected the best crypto brokers for short selling in Sweden 2024. You can compare their features and trading conditions.
1
TeleTrade - Best for short selling in Sweden
TeleTrade is a global broker serving clients worldwide. They offer trading on Forex, indices, stocks, metals,cryptocurrencies, and energies. While lacking PAMM accounts and certain investment options, TeleTrade boasts a robust copy trading service, a strong affiliate program, and diverse account types (ECN, NDD, crypto). With sufficient leverage (up to 1:500) and spreads from 0 pips, the broker caters to various trading styles, including scalping, intraday trading, and medium to long-term strategies.
TeleTrade supports traders with market analytics, expert forecasts, an economic calendar, and a comprehensive education section on their website.
👍 Advantages of trading with TeleTrade for traders from Sweden:
•detailed analytical section;
•informative educational section.
👎 Disadvantages of TeleTrade for traders from Sweden:
•no PAMM accounts or other money management options;
•a small range of trading instruments;
•few withdrawal options;
•support is available 24/5;
•withdrawals delayed;
•technical support responds slowly;
•sometimes it takes a long time to verify data.
2
FxPro - Best for short selling in Sweden
FxPro is a well-established broker offering traders access to over 2,100 financial instruments across multiple asset classes, including Forex, stocks, commodities, indices, and cryptocurrencies. It is regulated by reputable authorities – FCA, CySEC and others.
The broker stands out with its focus on technology and offers an average order execution speed of 14-30 ms, setting a market benchmark. FxPro also provides an impressive suite of trading tools and educational resources, such as Trading Central analytics. The minimum deposit of $100, however, is higher than some competitors.
With a company capital exceeding 100 million euro, and a track record of reliability, FxPro stands out as a top-tier choice for traders looking for a secure and dynamic trading environment.
👍 Advantages of trading with FxPro for traders from Sweden:
•Negative Balance Protection of a client on a real account is a unique broker service. It has an automated transaction monitoring and a risk management system, the capital is guaranteed not to go into a negative balance;
•insurance of client funds at the expense of the broker participation in an investor compensation fund;
•beginner traders will be able to access tested advisors;
•a full package of services is available to the client regardless of the balance of his account;
•VIP account holders are offered a personal manager and get a Free VPS;
•company capital exceeds 100 million euros;
•offers swap-free accounts for customers whose religious beliefs do not permit swapping eg. Islamic traders;
•the reliable trading environment provided by the competent educational and research department.
👎 Disadvantages of FxPro for traders from Sweden:
•it is not the best choice for beginner traders who are looking for their first broker as the minimum deposit of $100 is considered high;
•difficulties registering in an affiliate program.
3
FTMO - Best for short selling in Sweden
FTMO is a prop trading firm offering experienced traders the chance to manage a funded account of up to $200,000 with a wide range of instruments including Forex, stocks, indices, commodities, and cryptocurrencies. To qualify, traders must pass a two-step evaluation process.
Beginners may start with a Free Trial account which has the same trading conditions as the challenge ones. Long-term traders are free to use a Swing Account that has no restrictions on holding positions over the weekend or trading during macroeconomic releases. The company offers trading with the most popular platforms – MT 4/5, cTrader, and DXtrade. The leverage is up to 1:100.
Additionally, FTMO is recognized for its educational resources and continuous support.
👍 Advantages of trading with FTMO for traders from Sweden:
•Quite low testing cost is €155.
•Classic platforms such as MT4, MT5, and Ctrader are familiar to many traders. For these platforms, hundreds of indicators, scripts, and advisers have been developed.
•The starting reward is 80%.
•Diversification of tariff plans. Candidates can choose a demo deposit from 10 thousand to 200 thousand US dollars. There are tariff plans that span from standard to aggressive trading.
•Leverage is up to 1:100.
👎 Disadvantages of FTMO for traders from Sweden:
•Strict requirements for the test period. The allowable maximum loss is 10% of the deposit amount. The target profit is 10%, for which 1 month is provided.
•There is no information about how the company is funded.
4
IronFX - Best for short selling in Sweden
IronFX was launched in January 2010 by a team of specialists in finance and software development. Today, IronFX has grown to be among the industry leaders that provide online trading services globally. Customers can use the MT4 advanced trading platforms and trade more than 300 tools from 6 various asset classes. IronFX serves individual as well as corporate clients from over 180 countries. IronFX is highly valued for providing cutting-edge technological innovation on trading platforms and trading tools.
👍 Advantages of trading with IronFX for traders from Sweden:
•round-the-clock communication with a multilingual support TEAM on weekdays;
•wide range of trading assets;
👎 Disadvantages of IronFX for traders from Sweden:
•the verification procedure can be repeated;
5
XBTFX - Best for short selling in Sweden
XBTFX is a CFD and cryptocurrency broker for BTC, ETH, XRP, LTC, BNB, and other altcoins. CFDs on more than 200 assets, such as currency pairs, cryptocurrencies, stocks, indices, commodities, and precious metals are available. There is a free demo account and two live account types, namely Standard and ECN. Clients can open an Islamic swap-free account upon request. The minimum deposit is $10. Spreads on the ECN account are raw starting from 1 pips. There are no trading fees on Standard and Islamic accounts, while on ECN, the fee is $3.5 per full lot. MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader are available to traders. The maximum leverage is 1:500. This broker offers good training with articles for novice traders and experienced market participants. Passive income options are a copy trading service, MAM and PAMM accounts, and a referral program.
👍 Advantages of trading with XBTFX for traders from Sweden:
•This broker offers a wide pool of assets from different groups, which provides for diversifying risks and expanding profit potential;
•The demo account is free, while for trading on live account types a $10 deposit is required. Top trading platforms are available;
•This broker does not set restrictions on trading, thus scalping, hedging, use of advisors, and trading news are available;
•Traders’ costs are minimal with spreads starting from 1 pips (or from 0.01 pips on the ECN account);
•Educational materials are aimed at novice traders and experienced users;
•Several passive income options such as the copy trading service, joint accounts, and a referral program are available;
•Technical support works 24/7 and is available via call center and email.
👎 Disadvantages of XBTFX for traders from Sweden:
•All trading instruments are CFDs;
•Deposits and withdrawals can be made only in cryptocurrencies, fiat currency is not available;
•This broker does not provide its services to residents of Belgium, Belarus, Russia, Iran, North Korea, Sudan, Yemen, etc.
Commissions & Fees
Brokerage fees are the amount of money that you pay for using the services that a brokerage offers in order to perform trading and manage investments. The brokerage fee structure and regulations vary from broker to broker, and there are two primary fee types which are:
Trading Fees: This type of fee is only charged when you perform a trade. It can be a conversion fee, margin rate, financing rate, spread, or commission.
Non-Trading Fees: This type of fee isn't directly related to your trading activity, and it can include inactivity fee, withdrawal fee, deposit fee, etcetera.
TeleTrade Commissions and Fees
Our analysts analyzed the broker’s trading and non-trading fees. The first was the company's spread, the second was additional fees for withdrawing funds.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard ECN |
$17 |
No |
|
Professional NDD |
$9 |
No |
|
Sharp ECN CENT |
$2 |
No |
|
Cryptocurrency account |
$3 |
No |
FxPro Commissions and Fees
Traders Union professional team has analyzed FxPro trading conditions for commissions. For comparison and reference convenience, the results have been presented in the table.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
FxPro MT4 Instant |
From $10 |
No |
|
FxPro MT4 Fixed |
From $5 |
No |
|
FxPro MT5 |
From $5 |
No |
|
FxPro cTrader |
From $3 |
No |
|
FxPro Platform |
From $1 |
No |
FTMO Commissions and Fees
The experts at the Traders Union analyzed the trading conditions of FTMO. The support service reported on a separate request that the spread is ranging from 0-3 pips on majors. The fee for testing depends on the chosen strategy and the deposit amount. The minimum deposit is €155, the maximum is €1080.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard/Swing |
From $6 |
No |
IronFX Commissions and Fees
Trading terms at IronFX were analyzed by specialists at the Traders Union for trading and non-trading commissions. There are no hidden trading fees and no commission is charged for deposits or withdrawals. An exception may be the transfer fee set by the payment system.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
from $18 |
No |
|
Premium |
from $16 |
No |
|
VIP |
from $14 |
No |
|
Zero Fixed |
from $0 |
No |
|
No commission |
from $17 |
No |
|
Zero Spread |
from $0 |
No |
|
Absolute Zero |
from $3 |
No |
XBTFX Commissions and Fees
For traders, spreads and trading fees are the most important costs. Spreads can be floating or fixed, the second type is rare today. It can also be standard or raw Raw spreads are low and come from a liquidity provider without the broker's margin added on, but they come with a corresponding fee. The Standard account has spreads starting at 1 pips, with no fee for most assets; only stocks are traded with a $0.1 fee per stock. On the ECN account, spreads start from 0.01 pips, with a $3.5 fee per lot for trading currencies, metals, indices, and commodities; 0.075% of the amount for trading cryptocurrencies; and a $0.1 fee per stock.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
$10 plus a fee for trading stocks ($0.1 per stock) |
No |
|
ECN |
$1 pips plus fees: for trading stocks - $0.1 per stock; for cryptocurrencies - 0.075% of the trade amount; and for other assets - $3.5 per lot |
No |
|
Islamic |
$10 plus a fee for trading stocks ($0.1 per stock) |
No |
Summary
Many brokers are available for traders from Sweden, but not all of them offer good conditions. In this review, TU experts chose the Best crypto brokers for short selling in Sweden 2024. These are the most trusted companies that offer the best conditions for traders. You will also be able to review the general assessment of each broker.
Overall score of the best Crypto Brokers For Short Selling in Sweden
| TeleTrade | FxPro | FTMO | IronFX | XBTFX | |
|---|---|---|---|---|---|
|
Overall score |
9.34 |
8.92 |
9.02 |
7.64 |
8.22 |
|
Execution of orders |
3.21 |
8.25 |
8.6 |
6.85 |
2.77 |
|
Investment instruments |
9.3 |
8.8 |
4.89 |
7.42 |
7.91 |
|
Withdrawal speed |
7.79 |
6.5 |
7.21 |
7.23 |
9.69 |
|
Customer Support work |
8.41 |
8.9 |
8.01 |
7.03 |
5.95 |
|
Variety of instruments |
8.75 |
9.27 |
7.52 |
8.02 |
8.02 |
|
Trading platform |
8.29 |
9.2 |
7.96 |
3.88 |
3.53 |
|
|
|||||
|
|
|
|
|
|
|
FAQ
What are the risks of trading in the financial markets?
Any trading in the financial markets carries risks of losing your money due to asset volatility. Therefore, it is important to develop the rules of risk management in your strategy and strictly follow them.
How much money do I need in order to start working in the financial markets?
The initial capital depends on the assets you plan to trade. However, in the majority of cases, $300-500 is a good amount for a start.
Is it possible to work with offshore brokers?
It is best not to work with offshore brokers. However, if you have chosen such a company, you need to check and analyze it very thoroughly. There are offshore brokers with good reputations. Before you start working with such a company, deposit the minimum amount and start trading. Once you’ve worked with the broker for a little while and checked how it operates and how quickly it processes withdrawals, you can start depositing higher amounts.
Why is a license important for a broker?
License is the key document testifying to the broker’s reliability. It means that the company complies with the requirements of the financial regulatory authority that issued it. It is recommended that you choose brokers with licenses from top financial regulators: the USA, European Union, the UK, as these jurisdictions have the strictest licensing requirements.
Best Crypto Brokers For Short Selling by Countries
Related Articles
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.