2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Norway
This guide to the professional brokers in Norway has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
This review contains the latest information about finding the most professional online broker in Norway.
If you're a new entrant into the world of trading and brokerage, so many facts will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive knowledge. You'll get adept skills at all the concepts of brokerage as you keep trading. For starters, you need to choose the right broker in Norway who will be transparent with you constantly.
In this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan is key to your success.
We currently have 19 Trading Patforms from our research that we think are the Professional Online Brokers in Norway
Who’s The Best Norway Online Brokers?
This review has been designed to help you find a professional Norway broker. When searching for a great, professional broker in Norway it can be a little confusing. Below we detail what your trading options are in Norway and what Norway brokers can do for you.
We currently have 19 Brokers from our research that we believe are the Reputable Brokers in Norway
|Burrell Stockbroking||Capital Index||Ducascopy Bank||Core Spreads||eToro||Interactive Brokers||WiseAlpha||FX Primus||Betterment||Bitfinex||BCS Forex||DIF Broker||Charter Prime||Virtual Brokers||Binary.com||CM Trading||Xtrade||Spreadex||Invast Global|
|Find Out More|
|Headquarters||Australia||Cyprus||Switzerland||London||Cyprus, UK||United States||UK||Cyprus||USA||New Zealand||Cyprus||Portugal||Australia||Canada||United States||Seychelles||Australia||UK||Australia|
|Regulated By||Malta Financial Services Authority (MFSA)||Financial Conduct Authority (FCA), FCA FRN 709693||Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA)||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA)||Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID)||Unregulated||Financial Services Provider (FSP)||Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA)||Financial Conduct Authority (FCA)||The Investment Industry Regulatory Organization of Canada (IIROC), Canadian Investor Protection Fund (CIPF)||Unregulated||Financial Sector Conduct Authority (FSCA)||Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA)||Australian Securities and Investment Commission (ASIC)|
|Risk Warning||Your capital is at risk||Your capital is at risk||Losses can exceed deposits||Losses can exceed deposits||75% of retail investor accounts lose money when trading CFDs with this provider.||Losses can exceed deposits||Your capital is at risk||Losses can exceed deposits||Your capital is at risk||Your capital is at risk||Your capital is at risk||Your capital is at risk||Your capital is at risk||Your capital is at risk||Your capital is at risk||Losses can exceed deposits||Losses can exceed deposits||Losses can exceed deposits||Losses can exceed deposits|
|Withdrawal Fees||$15||variable||No||No||Yes||10 USD||variable||variable||variable||$10||variable||variable||$30||variable||variable||No||No||variable|
|CFD Fees||Yes||$1.50/lot/leg||No||Yes||No||No||No||0.06%- 0.30%|
|Accepts Credit Cards||Yes||Yes||Yes|
Online Stock Trading In Norway
Trading Assets in Norway is highly regulated and considered very secure. But, as always, that any investment can go down as well as up, so your capital is in danger.
If you are just starting out with online trading then it's advised to have a demo account first with a controlled broker so you can find out the strategies without the risk of losing money.
Live Forex Trading In Norway
Forex is the largest liquid financial market in the world using a daily financial exchange turnover of more than $5 trillion (BIS data April 2016).
Forex (short for Foreign Exchange) is a currency exchange between two distinct nations and the following management of the consequent position in which one currency gains and the other loses.
It is possible to do Live Forex Trading in Norway using professional online trading platforms
Live CFD Trading In NorwayCFD trading is the buying and selling of contracts for difference via an online trading platform in Norway. When trading CFDs you are agreeing to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.
Spread Betting In Norway
Spread Betting in Norway is possible using experienced online trading platforms like plus500 or IC Markets. It is a simple bet as to whether the price will go up or down. Often, the Norway brokers will show the prices you have.
If you are looking at how to do spread betting in Norway then it is advisable to start with a demo account with either plus500 or FP Markets so that you can practice with monopoly money before risking your own capital.
Trading Shares in Norway
Internationally, Norway is considered safe to do online trading and has access to other global financial centers. In Norway, online brokers are highly regulated, professional and supportive.
However, it is always important to be as informed as possible so below are some of the most important things a trader should know:
The financial markets in Norway are professional and are seen are very trustworthy due to regulation and compliance by the local Fiancial trade authority in Norway.
The online platforms used by brokers in Norway are extensively tested and highly rated.
Whichever Online Trading Platforms in Norway you decide to use, ensure they have all of the below:
- Easy to use platform
- Availability of a risk management tool
- Good or instant execution speed
- Better quality charts
- Capable of doing social trading
- Timely online help or support
Challenges Of Trading Online in Norway
The US Dollar is considered the base currency around the world so even a tiny change in the US economic markets may affect the financial markets in Norway. The EU is also a large economy and changes there can affect the financial markets in Norway.
Like all countries there are opportunities in Norway economic markets but overall the prospects are great. However, like in all global economic markets we recommend that any Online Trading Brokers in Norway you decide to use, make sure you do your due diligence first before risking any real money. We have collected thousands of datapoints and written this guide to help you find the Best Trading Platforms in Norway. We hope that by reading this guide you will find a reputable broker that matches your needs.
Frequently Asked Questions About Trading Forex In Norway
Is Forex Trading Legal In Norway?
There's a growing misconception that trading Forex in Norway is considered unsafe. This is not the case, Forex Currency trading in Norway is very active, regulated and safe.
Trading in Forex is allowed in Norway as for any company to trade internationally, foreign currency must be exchanged. Any time you buy something and it is shipped from abroad, there'll be numerous money exchanges by multiple businesses to get that thing to you.
The main issue is that when trading Forex in Norway you select one of the best online brokers.
Do Forex Traders Pay Tax In Norway?
After a trader is successful and their profits achieve a particular level then they may be taxed in Norway as per the standard taxation rules.
Tax returns should always be registered even if there's a loss. You should seek advice with a registered accountant in Norway to ensure you are abiding with current regional laws as it's very dependent on your personal conditions.
Can You Trade Cryptocurrencies In Norway?
Cryptocurrency markets in Norway are rather new. As Cryptocurrencies operate on decentralised assets in Norway matters like interest rate changes and political instability do not affect them as much as the fiat markets.
Cryptocurrencies are more popular with the younger generations and with increasing income levels and technology adoption, trading cryptocurrency in Norway is rising day by day. It is still small compared to the Forex markets but around $6 billion USD of Bitcoin is traded every day.
Can You Trade Commodities In Norway?
Commodities trading in Norway involves trading in matters like precious metals, energies and agricultural commodities.
Some commodities like agricultural are seeing exponential growth inNorway.
Fast growing markets like India have a significant demand for many fundamental raw materials for their inhabitants. It follows that states like Norway can take advantage of this circumstance.