According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- 1 unit
of the
base currency
- Nordea Investor mobile apps
- Online Banking (Opsparing og Investering)
- No
- Fixed minimum commission rate per trade, favorable trading conditions in Scandinavian markets
Our Evaluation of Nordea
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Nordea is a moderate-risk broker with the TU Overall Score of 5.29 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Nordea clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Brief Look at Nordea
Nordea is an international financial group providing banking and brokerage services across Denmark, Sweden, Finland, and Norway. The group's roots trace back to 1820 in Denmark, and it was fully formed in 2000. Today, Nordea is one of Northern Europe's largest banks, operating in 19 countries with over 1,400 branches. The brokerage division offers access to more than 20 international exchanges, where clients can trade stocks, bonds, ETFs, and invest in funds. The MyInvest mobile app provides clients with news, market analysis, and updates on top-performing stocks and funds. Nordea follows the EU MiFID II directive and is regulated by the Finnish Financial Supervisory Authority.
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Author, Financial Expert at Traders Union
Nordea offers trading stocks, bonds, ETFs, and funds with Nordea Investor mobile apps and online banking. The company provides Cash, Depot, and Stock Savings accounts, catering to various investor needs. Its clients benefit from access to Scandinavian markets with fixed fees and can utilize the digital advisor Nora for guided investments, starting with low initial deposits.
However, Nordea has some drawbacks, including a primary focus on European markets and the lack of leverage, which may limit advanced trading strategies. Fees, while competitive in the Scandinavian context, may not appeal to those planning small transactions. Nordea is suitable for investors interested in stable, long-term investments in Scandinavian and European markets, but may not be ideal for traders seeking high leverage and global diversification.
Nordea Summary
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. Nordea Ltd and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | Online Banking (Opsparing og Investering), Nordea Investor mobile apps |
|---|---|
| 📊 Accounts: | Cash Account, Depot Account, Stock Savings Account |
| 💰 Account currency: | DKK, NOK, SEK, EUR |
| 💵 Deposit / Withdrawal: | Bank transfer via online banking and mobile banking |
| 🚀 Minimum deposit: | 1 unit of the base currency |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 1 unit of currency |
| 💱 EUR/USD spread: | Exchange spread |
| 🔧 Instruments: | Stocks, Nordea certificates, investment funds, bonds, ETFs, ETPs |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | Nordea Bank Abp |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | No |
| 📋 Order execution: | Exchange Execution |
| ⭐ Trading features: | Fixed minimum commission rate per trade, favorable trading conditions in Scandinavian markets |
| 🎁 Contests and bonuses: | No. |
Nordea provides access to trading securities on Nasdaq Copenhagen, Nasdaq Stockholm, Nasdaq Helsinki, Oslo Børs, and various international exchanges. Trading can be done through the bank's online banking website or the Nordea mobile app. The broker's fee starts at 0.1% for Danish, Norwegian, Swedish, and Finnish stocks, bonds, funds, and ETFs, and 0.2% for stocks and ETFs from other countries. Each market has a minimum fee rate. Clients can trade securities with any amount. Additionally, clients can invest using the digital advisor Nora with a minimum deposit of DKK 100.
Nordea Key Parameters Evaluation
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Regulation and safety
Nordea, a major digital bank in Northern Europe, is regulated by the Finnish Financial Supervisory Authority (FIN-FSA). Client investments are protected by the Investors' Compensation Fund, which offers coverage of up to EUR 20,000 per person. Nordea adheres to the EU's MiFID II directive, designed to regulate financial markets within the EU and enhance investor protection.
Advantages
- Investor funds are kept separate from Nordea’s capital reserves;
- The broker operates under a contractual agreement and complies with its terms;
- Advanced methods are used to protect personal data.
Disadvantages
- The broker primarily focuses on the European securities market.
Account types
All Nordea accounts operate without leverage. Users can become clients and open an account online directly through the site for their region.
The Cash Account is perfect for those who want to trade actively without using leverage. The Depot Account is suited for holding assets and savings with minimal risk. The Stock Savings Account is designed for long-term investors who want to benefit from tax breaks and grow their capital.
Investment Options
Nordea offers standard investment services such as fund investments, asset management, and savings account management. One notable benefit for its clients is that all these services are accessible through Nordea Investor mobile apps.
Investment solutions from Nordea:
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Automatic Investing. This service allows investors to contribute a fixed amount each month without paying a brokerage fee for buying securities. Funds are automatically invested into a recommended fund on a pre-specified day each month after the money is deducted from the investor's card;
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Digital Investments. The virtual advisor Nora assists in selecting an investment fund based on responses to questions about risk tolerance, investment duration, and financial capabilities. Investors are recommended one of eight funds with varying risk levels and can choose to invest either as a one-time payment or through automatic monthly contributions;
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Portfolio Management. Nordea provides services for investors with varying capital levels, from standard funds with low or medium risk to personalized premium portfolio management;
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Automatic Dividend Reinvestment. Nordea offers a range of investment funds focused on dividend-paying stocks. With a special agreement, dividend income can be automatically reinvested into other funds, stocks, or bonds to expand the portfolio.
Nordea’s Partnership Program
Currently, the company does not offer any partnership programs.
Contacts
| Registration address | Nordea Bank office in Finland: Satamaradankatu 5, 00020 NORDEA, Helsinki, Suomi; |
|---|---|
| Regulation |
FIN-FSA (Finnish Financial Supervisory Authority) / Finanssivalvonta (Fiva), The European Central Bank (ECB)
Licence number: 2858394-9 (FIN-FSA) |
| Official site | https://www.nordea.com/en |
| Contacts |
+45 7033 3333, Finland: +358020070000, Sweden: +460771-22 44 88, Norway: +4723206001
|
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