Investing in the stock market and getting started with using a stock trading app in Denmark is becoming increasingly accessible in Denmark, thanks to a growing number of user-friendly stock trading apps and online platforms. Foreigners living in Denmark can trade Danish stocks and other assets through a range of platforms, many of which offer services in English and cater to different levels of trading experience. Yet, navigating account setup, understanding tax obligations, and choosing the right stock trading app in Denmark can be challenging, especially if you’re new to the Danish system.
Thus, in this guide, we will write everything you need to know about getting started with stock trading in Denmark as a foreigner. We will cover who can open a trading account, what legal and tax requirements to expect, and which stock trading app in Denmark offer the best combination of low fees, ease of use, and access to global markets.
Whether you’re an EU citizen, a third-country national, or a newly arrived expat with a CPR number, this guide will help you make informed choices and start trading with confidence.
Here are the key points in this article:
- Growing Accessibility of Stock Trading in Denmark: More user-friendly platforms and online apps make investing in Denmark’s stock market easier for both residents and foreigners, though understanding local tax and account requirements can be challenging.
- Best Stock Trading App in Denmark: Saxo Bank: Saxo Bank provides a reliable, tax-compliant platform with global market access, suitable for both beginners and experienced investors seeking advanced tools and Danish support.
- Popular Trading Platforms for Foreigners in Denmark: Apps like eToro is favored by foreigners for its English support, ease of onboarding, and quick access to international markets, accommodating those lacking Danish ID.
- Legal Requirements for Foreigners to Trade Stocks in Denmark: Foreigners need a CPR number, MitID registration, a Danish bank account, and residency registration to legally open a trading account in Denmark.
- Taxation and Trading Conditions in Denmark: Stock gains are taxed between 27% and 42%, with platform reporting varies; most apps offer access to international markets, and the choice of beginner-friendly platforms can influence trading success.
The Best Stock Trading App in Denmark for You
We recommend using Saxo Bank if you’re looking for a reliable and professional investment platform in Denmark. As a Danish-based service with full SKAT integration, it’s especially well-suited for residents who want a tax-compliant and secure way to invest. With access to global markets, a wide range of financial instruments, and strong customer support in Danish, Saxo Bank is a solid choice for both beginners ready to commit and experienced investors seeking advanced tools.
Saxo Bank is a user-friendly investment platform designed for individuals in Denmark who want to invest in stocks, funds, and ETFs. It offers an easy-to-navigate interface, low fees, and access to global markets, which is perfect for both beginners and more experienced investors.
If you are looking for a more detailed guide on matters related to money transfer and trading app in Denmark, you may want to check out my other guides, where I cover these topics in detail:
Can Foreigners Trade Stocks in Denmark?
First things first: yes, foreigners can legally trade stocks in Denmark, but as with anything else, there are a few requirements to keep in mind.
To open an account with a Danish stock trading platform or access certain EU-based brokers, most providers will require you to:
- Have a CPR number (the Danish personal ID number)
- Register for MitID, Denmark’s secure digital ID
- Open a Danish bank account
- Be registered as a resident in Denmark (for tax purposes)
Some international platforms (like eToro which grants simple, affordable access to stock investment) allow you to sign up from Denmark without a CPR number, but these typically offer fewer Danish tax reporting tools and require you to handle reporting yourself.
If you’re a tax resident in Denmark, any gains from stock trading are subject to capital gains tax (also called aktieindkomst), which follows a progressive rate (currently 27% up to DKK 61,000 and 42% above that for 2025). If you’re not a tax resident, your home country’s rules will apply unless there’s a tax treaty with Denmark.
If you plan to live in Denmark for longer than six months, it’s generally easier to go through a local provider or an EU-regulated app with Danish support and tax integration.
What You Need to Know About Using a Stock Trading App in Denmark
Denmark has seen a steady rise in retail investing, with more Danes and foreigners entering the stock market thanks to low-interest rates, easy-to-use apps, and increased financial literacy.
According to Finanstilsynet (the Danish Financial Supervisory Authority):
- Over 1.3 million Danes held securities in 2023, with many using online platforms like Nordnet and Saxo Bank.
- The average portfolio size for private investors increased by 12% from 2022 to 2023, which reflects a growing interest in personal finance and long-term wealth building.
- Younger investors between 25–40 now represent one of the fastest-growing demographics in stock ownership, driven largely by mobile-first apps and low-barrier international platforms like eToro.
A 2022 Nordea survey also found that:
- Roughly 60% of Danes under 35 invest in stocks or mutual funds, compared to only 45% five years ago.
- The main reasons they cite were low bank interest rates, inflation protection, and increased awareness of financial independence.
Among foreigners living in Denmark:
- International expats increasingly turn to apps that provide English-language support and easier onboarding, especially if they lack a CPR number or MitID.
- International trading platforms like eToro has gained popularity among short-term expats and non-EU residents who want quick access without local ID requirements.
Statistics like these reflect a broader shift toward accessible, digital-first investing and underline why choosing the right trading app matters for both local residents and expats alike.
Best Stock Trading App in Denmark for Foreigners
Here’s a closer look at three top-rated stock trading apps that are accessible to foreigners living in Denmark:
| Feature | eToro | Nordnet | SaxoInvestor |
|---|---|---|---|
| Language | English (default) | Danish (some English support) | Danish (limited English) |
| CPR/NemID Required | No | Yes | Yes |
| Minimum Deposit | $50 (approx. 350 DKK) | No minimum | 10,000 DKK (approx.) |
| Commission Fees | 0% on stocks (conditions apply) | Low fees on Nordic stocks | From 0.1% (varies by market) |
| Access to Global Markets | Yes | Nordic and global markets | Global markets |
| Mobile App Experience | User-friendly | Intuitive | Professional-grade |
| Demo Account Available | Yes | Yes | Yes |
| Beginner Friendly | Very friendly | Moderate | Less beginner-friendly |
| Crypto Trading | Yes | No | No |
Our Best Suggestions for Stock Trading Apps in Denmark
If you’re just starting to invest in Denmark or are looking for a user-friendly experience, Nordnet is a great place to begin. It’s straightforward, reliable, and tailored to the Nordic markets, making it easy to buy Danish and international stocks without being overwhelmed by complex tools.
Nordnet is a user-friendly investment platform popular across the Nordic countries, including Denmark. It offers easy access to Danish and international stocks, ETFs, and mutual funds, with a clean interface and no unnecessary complexity. This makes it a great choice for beginners and everyday investors alike.
For those without a Danish CPR number, or those looking for low-cost, flexible access to global stocks, ETFs, and crypto, eToro is an excellent choice. Its intuitive design, copy trading feature, and demo account make it ideal for beginners or anyone wanting to test the waters before committing to a local platform.
eToro is an international trading platform known for its beginner-friendly interface and unique ‘copy trading’ feature, which lets users replicate the strategies of experienced investors. It offers access to stocks, ETFs, cryptocurrencies, and more, without requiring a Danish ID to sign up.
If you have more experience as an investor and are seeking a more advanced interface with deep market access, Saxo Bank might be the best fit for your needs. As Denmark’s leading professional trading hub, it offers powerful tools, integration with SKAT, and access to a broad range of global markets. Perfect for serious, long-term investors.
Saxo Bank is a user-friendly investment platform designed for individuals in Denmark who want to invest in stocks, funds, and ETFs. It offers an easy-to-navigate interface, low fees, and access to global markets, which is perfect for both beginners and more experienced investors.
FAQ About the Best Stock Trading App in Denmark
Can Foreigners Trade Stocks in Denmark?
Yes, both EU and non-EU citizens can legally trade stocks in Denmark. You’ll need a CPR number (civil registration number), a Danish bank account, and proper tax registration. Some platforms may also require MitID for verification.
Do I Need a Danish Bank Account to Use a Stock Trading App in Denmark?
Most Danish stock trading apps require you to have a Danish bank account to deposit and withdraw funds. However, some international platforms may accept foreign accounts or allow card payments.
Is There a Stock Trading App in Denmark Available in English?
Yes. Some popular platforms used in Denmark offer full English interfaces, which is particularly helpful for foreigners. Be sure to check language availability before signing up.
What Fees Should I Expect When Trading Stocks in Denmark?
Fees vary widely between platforms. You may encounter trading commissions, currency conversion fees, and custody fees. Some platforms are more transparent and affordable than others. Thus, comparing is key.
How is Stock Trading Taxed in Denmark?
Capital gains and dividends are taxable in Denmark. Profits from stock trading must be reported to Skattestyrelsen (Danish Tax Agency), and taxes are typically between 27% and 42%. Some platforms report automatically, while others require manual reporting.
Can I Trade International Stocks From Denmark?
Yes, most platforms offer access to international markets like the US, EU, and Asia. However, available exchanges and trading conditions vary between apps.
Which Stock Trading App in Denmark is Best for Beginners?
Look for a platform that offers low fees, educational tools, and a user-friendly interface. Some apps are tailored to simplicity and are better suited for newcomers than others with more advanced features.
