In order to trade successfully, it is very important to choose the right broker. in Finland, 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 mt5 brokers for swap-free trading in Finland 2024. You can compare their features and trading conditions.
1
FBS - Best for swap-free trading in Finland
FBS is an international broker with a strong presence in Asia, offering a wide range of trading instruments including Forex, stocks, indices, energies, and metals. With over 90 international awards and 27 million clients across 150 countries, FBS boasts a strong global reputation.
The company provides flexible trading conditions: leverage up to 1:3000, floating spreads from 0.7 pips, commission-free trading, and fast execution speeds starting at 0.01 seconds. FBS ensures client security with negative balance protection and offers a user-friendly experience on familiar trading platforms.
While FBS doesn't currently offer cryptocurrency trading or passive income options like PAMM accounts and copy trading, its competitive conditions and extensive educational resources make it a compelling choice for traders seeking a comprehensive and accessible experience.
👍 Advantages of trading with FBS for traders from Finland:
•negative balance protection;
•a large selection of trading instruments;
•the support service works 24/7.
👎 Disadvantages of FBS for traders from Finland:
•no cryptocurrency;
•auto copying is not available;
•no PAMM accounts;
•not suitable for short-term trading, such as scalping;
•the support service works in a limited number of languages;
•only two real accounts.
2
TeleTrade - Best for swap-free trading in Finland
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 Finland:
•detailed analytical section;
•informative educational section.
👎 Disadvantages of TeleTrade for traders from Finland:
•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.
3
Vantage Markets - Best for swap-free trading in Finland
Vantage Markets is a multi-asset broker offering a vast array of 1,000+ trading instruments, including currency pairs, CFDs on stocks, indices, commodities, energy, and ETFs. Holding licenses from reputable regulators like the FCA and ASIC, Vantage Markets ensures a level of security and trust for its clients.
The broker provides a choice between spread-based and commission-based account types, with leverage up to 1:500 on Forex pairs. Its PRO ECN option particularly stands out with commission starting from $1.5 per lot, making it attractive for high-volume traders.
Alongside the popular MetaTrader 4/5 platforms, the broker offers proprietary trading platform ProTrader and a convenient Vantage App. Additionally, Vantage Markets integrates with TradingView, enabling direct trading from the popular charting platform.
👍 Advantages of trading with Vantage Markets for traders from Finland:
•A vast array of trading instruments like 1000+ currency pairs and contracts for difference (CFDs).
•The broker has licenses from four reputable regulators.
•Classic trading terminals and a proprietary mobile application.
•An extensive array of trading signals to choose from for traders, regardless of the type of trading account.
👎 Disadvantages of Vantage Markets for traders from Finland:
•Customers from most countries are forced to cooperate with a branch that has an offshore license.
•Limited training and a lack of information on Forex trading.
•Snail-paced withdrawal of funds with the requirement to comply with special conditions.
4
XBTFX - Best for swap-free trading in Finland
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 Finland:
•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 Finland:
•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.
5
VT Markets - Best for swap-free trading in Finland
The VT Markets (Pty) Ltd broker is an international intermediary that offers transparent access to Forex and CFD trading. The company has been providing services since 2015 and is regulated by the Australian Securities & Investments Commission (ASIC: 516246), Financial Sector Conduct Authority of South Africa (FSCA: 50865), Mauritius Financial Services Commission (FSC: GB23202269). Its mission is to provide traders all over the world with the best terms without forced requotes, price manipulation, or trading restrictions. VT Markets (Pty) Ltd received over 13 awards in the field of online trading. It has been recognized as the Best MT4/MT5 Broker with the Lowest Trading Costs by the Global 100 Awards 2020.
👍 Advantages of trading with VT Markets for traders from Finland:
•Financially stable parent company and reliable custodian bank.
•Over 230 assets of different classes are available for trading.
•It allows trading using STP, ECN, and Islamic accounts.
•A wide range of investment solutions from reputable third-party platforms.
•Margin trading with leverage up to 1:500 for cryptocurrency pairs.
•Average trading commissions on ECN and precise market spreads on all account types.
•Access to making trades in desktop and mobile terminals MetaTrader 4/5, as well as in the web version of MT4.
👎 Disadvantages of VT Markets for traders from Finland:
•The high minimum deposit for novice traders is $100.
•Lack of access to micro (cent) accounts.
•The list of available assets does not include cryptocurrencies and ETFs.
TOP 5 Comparison
This table makes it easy to compare the best mt5 brokers for swap-free trading in Finland for 2024 by placing their information side by side all in one place. The table includes the categories that are most important when deciding on a broker to work with. The data contained in this table is verified and only includes the most reputable brokers.
| FBS | TeleTrade | Vantage Markets | XBTFX | VT Markets | |
|---|---|---|---|---|---|
|
Trading platform |
MT4, Mobile Trading |
MT4, MT5 |
MT4, MT5, WebTrader, Mobile Apps |
cTrader, MetaTrader4, MetaTrader5 |
MetaTrader4, MetaTrader5 |
|
Min deposit |
$1 |
$1 |
$50 |
$10 |
$100 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
Yes |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
|
Spread |
From 0.2 points |
From 0.8 points |
From 0 points |
From 0 points |
From 0 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
Market Execution |
|
No deposit bonus |
$5 |
No |
No |
No |
No |
|
Cent accounts |
Yes |
No |
No |
No |
No |
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.
FBS Commissions and Fees
The experts at Traders Union checked the broker for trading and non-trading commissions. In the category of trading commission, the company's spread was considered, and as a non-trading commission, various additional fees for withdrawing funds from the account were considered.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard |
From $1.7 |
No |
|
Cent |
From $1.3 |
No |
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 |
Vantage Markets Commissions and Fees
Experts at the Traders Union analyzed the trading and non-trading fees of the Vantage Markets broker. A spread is used for a standard STP account. The minimum size is 1.4 pips. For ECN accounts, spreads are not used, instead, a flat fee is applied. Its size is:
-
RAW ECN — 3 USD per lot;
-
Pro ECN — 1.5 USD per lot.
The broker also has swaps — a fee for transferring positions to the next day, which is charged at 00:00 GMT. There are no fees for depositing or withdrawing funds from the Vantage Markets broker.
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
|
Standard STP |
From $0 |
No |
|
RAW ECN |
From $3 |
No |
|
Pro ECN |
From $1.5 |
No |
|
Swap Free |
From $0 |
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 Finland, but not all of them offer good conditions. In this review, TU experts chose the Best mt5 brokers for swap-free trading in Finland 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 MT5 Brokers For Swap-Free Trading in Finland
| FBS | TeleTrade | Vantage Markets | XBTFX | VT Markets | |
|---|---|---|---|---|---|
|
Overall score |
8.98 |
8.92 |
8.8 |
7.52 |
6.23 |
|
Execution of orders |
9.5 |
3.21 |
8.2 |
2.77 |
4.59 |
|
Investment instruments |
6.96 |
6.7 |
9.19 |
5.55 |
9.16 |
|
Withdrawal speed |
9.57 |
7.79 |
8.2 |
9.69 |
6.57 |
|
Customer Support work |
7.58 |
8.41 |
6.64 |
5.95 |
6.15 |
|
Variety of instruments |
7.02 |
8.75 |
7.37 |
8.02 |
7.02 |
|
Trading platform |
9.03 |
8.29 |
4.31 |
3.53 |
7.02 |
|
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FAQ
Can you earn passive income in the financial markets?
Yes, the best brokers in Finland offer passive income options. These could include copy trading, PAMM accounts, managed portfolios, etc.
What is a demo account and why is it important?
On a demo account, you trade by using virtual funds. It is important to choose a broker offering a demo account both for beginners, who are only learning, and for experienced traders, who can use this account type to test new strategies or EAs risk-free.
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.
What commissions and fees should I take into consideration when I am choosing a broker?
The commissions and fees in the financial markets are divided into trading and non-tradings ones. Trading fees are the fees that are charged directly during trading (spread, commission per lot, etc.), while non-trading fees are the ones charged outside the trading process (for example, account fee, inactivity fee, deposit and withdrawal fee).
Best MT5 Brokers For Swap-Free Trading by Countries
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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.