Many traders in Sweden use mobile apps to trade. Many brokers operate in this country, each offering their own platform. Before making a choice, it is important to evaluate apps to find the one that perfectly suits your goals and strategy. TU analysts compared Top 5 mobile apps. You will be able to choose the Best Copy Trading App in Sweden for 2024, based on our assessments.
TeleTrade is a broker for traders who value the variety of trading instruments and trade using their PC or a mobile app. The company is a good broker both for beginners and experienced traders.
Bybit is an exchange for those who have mastered classic cryptocurrency platforms and are ready to move on to more complex derivatives. The arsenal of Bybit Wallet is still limited but the developers plan to expand it by adding BCH, ADA, DOT, and other altcoins.
NPBFX is a universal broker providing services on off-exchange financial markets. Trading conditions are suitable for traders with any level of knowledge and opportunities. Investors have access to ZuluTrade social trading.
Fusion Markets is a low-cost broker with low commissions and opportunities to create passive income.
M4Markets clients can expect favorable trading conditions, primarily characterized by a wide range of CFDs, tight spreads, and low commissions. Integration with MetaTrader trading platforms, 24/7 client support, basic education and analysis, and various additional earning options are significant advantages that make the platform competitive and one of the leading companies in the segment of CFD-focused brokers. However, this broker has regional restrictions, and the most efficient method of contacting support is through LiveChat, as contacting the call center only allows requesting a callback. Nevertheless, this broker's disadvantages do not appear to be critical and are offset by its evident benefits.
1
Best Copy Apps in Sweden - TeleTrade
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 in Sweden:
•detailed analytical section;
•informative educational section.
👎 Disadvantages of TeleTrade for traders in 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
Best Copy Apps in Sweden - Bybit
Bybit is a leading cryptocurrency exchange specializing in derivatives trading. Its proprietary trading platform is user-friendly but caters primarily to experienced traders who are comfortable with advanced financial instruments. Integration with TradingView provides seamless market analysis and trade execution.
Bybit allows highly leveraged trading of up to 100x with a clear and transparent fee structure. For those seeking alternative investment strategies, Bybit offers copy trading programs for both derivatives and spot markets, enabling users to automatically replicate the trades of successful investors.
The exchange provides 24/7 customer support, a safe banking environment, and instant deposits/withdrawals. Additionally, Bybit offers a crypto debit card, allowing users to spend their digital assets on everyday purchases.
👍 Advantages of trading with Bybit for traders in Sweden:
•It has a convenient, intuitive proprietary trading platform that is presented in the browser version, which eliminates conflicts with the operating system and braking when sending orders;
•Integration with TradingView allows users to simplify crypto market analysis and trading via a single platform;
•Combination of futures and perpetual contracts trading;
•There is an order book that allows you to assess the depth of the market and current trading volumes;
•It has a minimum entry threshold. The cost of a BTC/USD futures contract is USD 1;
•It is possible to open long and short positions with subsequent mutual recalculation.
👎 Disadvantages of Bybit for traders in Sweden:
•It has conditions for trading futures that are difficult for beginners, such as the formula for calculating the leverage, the terminology of the funding size and the premium index, funding rates, etc.;
•Lacks a mechanism to protect the interests of traders in the event of controversial issues;
•The mechanism of classic cryptocurrency trading is almost undeveloped. Only USDT, ВТС, and ЕТН are available for purchase.
3
Best Copy Apps in Sweden - NPBFX
NPBFX is a long-standing broker offering competitive spreads starting from 0.4 pips and leverage up to 1:1000. Traders can access a variety of markets including Forex, oil, stocks, and indices. Account types range from beginner-friendly Master account to more advanced options like Expert and VIP accounts.
NPBFX has fast order execution speeds (50-70 ms), making it suitable for scalping and high-frequency trading. Moreover, the broker explicitly indicates that these approaches are welcomed. However, clients should note that the only available trading platform is MetaTrader 4.
NPBFX doesn't hold licenses from major regulators, but the broker is a member of the Financial Commission, offering some level of deposit insurance and dispute resolution.
👍 Advantages of trading with NPBFX for traders in Sweden:
•The broker provides traders with best market prices supported by liquidity from Tier 1 banks and ECN systems, such as Integral, Currenex, and Hotspot;
•Membership in the Financial Commission provides up to EUR 20,000 insurance coverage on deposits of traders;
•social trading with access to the independent ZuluTrade platform;
•Loyal trading conditions. Minimum deposit is $10 with leverage up to 1:1000;
•all strategies are allowed, including scalping, hedging/locking, and algorithmic high-frequency trading on all types of accounts.
👎 Disadvantages of NPBFX for traders in Sweden:
•compared to other brokers, the speed of copying trades on ZuluTrade is not the fastest;
•no MT5 trading platform, which has unique advantages over MT4;
•There are no licenses from regulators. The broker is a member of the Financial Commission, which does not always support traders and is not authorized to recover fines imposed on brokers;
•no cent accounts.
4
Best Copy Apps in Sweden - Fusion Markets
Fusion Markets is a young broker from Australia. It was created in November 2017 and began to provide full services in 2019. The company offers to trade in currency pairs and CFDs. Headquartered in Cremorne, Melbourne, Australia, the broker is regulated by ASIC (Australian Securities and Investment Commission, 385620), FSA (Financial Services Authority of Seychelles, SD096) and VFSC (Vanuatu Financial Services Commission, 40256).
👍 Advantages of trading with Fusion Markets for traders in Sweden:
•Reliable regulation;
•No non-trading fees;
•Diversity of financial instruments.
👎 Disadvantages of Fusion Markets for traders in Sweden:
•Limited educational opportunities;
•No cent accounts;
•Inability to trade with bonus funds.
5
Best Copy Apps in Sweden - M4Markets
The M4Markets broker offers contracts for difference (CFDs) on currency pairs, cryptocurrencies, stocks, indices, commodities, energies, and metals. This broker provides a free demo account, four real accounts, and an Islamic (swap-free) account option. Spreads and commissions depend on the selected account, with minimum spreads starting from 0 pips and fees from $0. The initial minimum deposit is $5. Traders can use USD, EUR, JPY, or ZAR as the base currency for their accounts. Trading with dynamic leverage up to 1:5000 is available. This broker does not impose restrictions on trading styles and strategies, and traders can use expert advisors. Additional earning opportunities include a copy trading service, MAM and PAMM accounts, and a “Refer a Friend” program. Educational materials and basic analytical tools are also provided. Client support is available 24/7 and offered in 10 languages.
👍 Advantages of trading with M4Markets for traders in Sweden:
•Low entry barrier due to a minimum deposit of $5.
•MT4 and MT5 trading platforms are available.
•This broker offers several hundred assets across seven groups, providing a high-profit potential when combined with dynamic leverage up to 1:5000.
•Traders can expect optimal trading conditions by choosing from four real accounts (plus a swap-free trading option).
•The platform offers various alternative earning options, including joint accounts, copy trading, and a referral program.
•Trader costs are minimized, as some accounts have no trading commissions, and this broker does not charge withdrawal fees.
•Desktop and mobile versions of MT are available, and the copy trading service is presented as an integrated proprietary solution.
•This broker's website features an economic calendar, various calculators, signals, market sentiment indicators, and other tools.
👎 Disadvantages of M4Markets for traders in Sweden:
•This broker has an extensive pool of financial instruments, but it's important to note that all of them are CFDs.
•This broker does not cooperate with residents of Cuba, Sudan, Syria, North Korea, and several other countries.
Best Copy Trading App in Sweden 2024: Education for Investors
When choosing the app, it is important to consider educational tools offered by brokers. TU analysts prepared a comparison of educational programs.
TeleTrade - Education for Investors
Investment Education Online
The TeleTrade website features a large educational section where every trader can find information for successful Forex trading and more. The broker provides information on the basics of analysis, trading strategies, and also offers educational courses, video tutorials. The company also holds webinars.
You can test the knowledge you gained on the TeleTrade website by using a demo account. The broker’s specialists believe it can give novice traders the experience and skills to trade on a live account.
To support traders, a separate analytical section has been created on the website with an economic calendar, news and market overview.
NPBFX - Education for Investors
Investment Education Online
The section on the NPBFX website is a powerful analytical and educational tool where professionals can find a wealth of interesting materials.
A demo account allows users to put their newly acquired knowledge into practice.
Fusion Markets - Education for Investors
Investment Education Online
There is no separate training section on the Fusion Markets website. This broker's website cannot be called informative because of its lack of training courses. Blog articles are published on average once a month, and information about trading instruments may not correspond to reality. So, for example, at the time of this writing, the site did not have conditions for trading CFDs on Share, although there is such an opportunity, as you can see from the list of available MetaTrader tools.
The most informative source of educational information from a broker is the Youtube channel.
The broker does not have cent accounts, so the only way to consolidate the knowledge gained in practice will be training on a demo account.
M4Markets - Education for Investors
Investment Education Online
Only those traders who trade regularly and actively study specialized materials can be continuously successful. The theory is equally as important as the practice. That's why some brokers offer educational materials and even full-fledged courses to their clients. M4Markets is no exception. Their website includes a section with e-books, as well as a block with webinars. While the books will be more useful for beginners, even experienced traders will find a lot of interesting content in the webinars. Additionally, there are standard FAQs available to facilitate the use of the platform and trading platforms.
As an additional source of information, the “Expert Hub” can be identified, where besides technical analysis, insights from professional market participants are also published. Moreover, investors connected to experienced signals providers in the copy trading service can gain unique firsthand experience.
Summary
In this review, you had an opportunity to learn about the features of 5 brokers, which traders in Sweden choose the most. However, now you need to choose the best of them. You can do it using the scores given by the Traders Union. Check out the score table that will help you choose the Best Copy Trading App in Sweden 2024.
| TeleTrade | Bybit | NPBFX | Fusion Markets | M4Markets | |
|---|---|---|---|---|---|
|
Overall score |
7.63 |
8.2 |
7.51 |
7.5 |
4.18 |
|
Execution of orders |
3.21 |
9.62 |
8.55 |
7.95 |
4.31 |
|
Investment instruments |
9.3 |
6.26 |
7.72 |
6.27 |
3.34 |
|
Withdrawal speed |
7.79 |
8.28 |
8.29 |
8.86 |
7.71 |
|
Customer Support work |
8.41 |
7.52 |
6.83 |
7.37 |
2.02 |
|
Variety of instruments |
8.75 |
9.41 |
7.67 |
8.02 |
6.02 |
|
Trading platform |
8.29 |
8.09 |
5.99 |
6.55 |
1.66 |
|
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FAQ
Do all brokers offer mobile apps for iOS and Android?
Unfortunately no. Some companies focus only on one operating system. Before opening an account make sure that the broker offers the version for your operating system.
Are there updates for the apps of brokers?
Yes. Mobile apps of brokers are regularly updated and it is very important to update them in the view of proper operation of services.
Are there versions of the apps for tablets?
In some cases, Forex brokers develop separate versions of apps for smartphones, tablets and even for TV sets.
If I remove the app from my phone and then reinstall it, will I lose the information?
No. The information is stored in the user account on the server. You will need to enter your username and password, pass two-factor authentication (if applicable) and you will have full access to your information.
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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.