Managing your finances as a foreigner in Denmark doesn’t necessarily have to be complicated. Whether you’re sending money home to support family or investing for your future, money transfer and trading apps in Denmark are making it easier than ever to take control of your money, without waiting in line at a bank.
A growing number of money transfer and trading apps in Denmark offer low fees, fast service, and user-friendly platforms in English. From quick international transfers to building a stock portfolio from your smartphone, apps like these are tailored to meet the needs of modern lifestyles, and many of them are accessible even if you’re new to the country or don’t yet have a Danish bank account.
In this guide, we will walk you through the best money transfer and trading apps in Denmark which you can use while living in Denmark. You’ll learn which platforms are most reliable, what to look out for as a foreigner, and how to get started with confidence.
Here are the key points in this article:
- Managing Finances in Denmark as a Foreigner: Using money transfer and trading apps in Denmark simplifies managing finances without the need for traditional bank visits, especially for expatriates.
- Recommended Investment Platform – SaxoBank: SaxoBank‘s SaxoInvestor offers a user-friendly interface for buying stocks, funds, and ETFs, suitable for both beginners and experienced investors, with access to global markets.
- Popular Money Transfer Apps in Denmark: Apps like Wise, Revolut, Remitly, Western Union, and MoneyGram provide cost-effective, fast, and accessible options for transferring money abroad, catering for various needs including cash pickup and transfers to developing countries.
- Trusted Trading Platforms for Foreigners in Denmark: Platforms such as SaxoBank and eToro are accessible for foreigners, with SaxoBank favored for long-term investing, and eToro popular for social and beginner-friendly trading.
- Important Tax and Residency Considerations: Tax residents in Denmark must declare all capital gains and may need to register with SKAT, with some platforms offering integrated tax reporting, highlighting the importance of understanding local regulations.
The Best Trading App for You
You don’t have to read to the end of this page to find our recommendation for the best trading apps in Denmark. We recommend you use SaxoInvestor, which is one of the most popular trading platforms in Denmark, developed by the reputable Danish investment bank, Saxo Bank. It’s designed to make investing simple and accessible, especially for those who may be new to trading or prefer a clean, intuitive interface.

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 our other guides, where we cover these topics in detail:
Money Transfer Apps in Denmark for Foreigners
As a foreigner living in Denmark, sending money abroad is often part of life, whether to support family, pay international bills, or manage finances across borders. While Danish banks offer international transfers, they often tend to come with high fees and poor exchange rates. That’s where money transfer apps come in, as they’re cheaper, faster, and easier to use.
Here are the most popular and reliable services for sending money from Denmark:
Wise: Best for transparent fees and real-time exchange rates
Wise is a top choice for those with a Danish bank account who need to send money abroad regularly. It uses the real mid-market exchange rate (like the one on Google), shows all fees upfront, and delivers fast transfers, which is usually within 1–2 business days. While there’s no cash pickup option, the pricing is transparent, and the platform is available in Danish.
Revolut: Best all-in-one financial app (transfers, cards, and crypto)
Revolut is more than a money transfer service as it’s a full fintech app that lets you hold, spend, and send money in multiple currencies. With instant transfers between users, budgeting tools, and no CPR required to sign up, it’s great for digital-savvy users. Just note that fee-free limits apply to the free plan, and weekend exchange rates can be less favorable.
Remitly: Best for sending to developing countries (Asia, Africa, Latin America)
Remitly specializes in fast, affordable transfers to countries with limited banking infrastructure, like the Philippines, India, and Nigeria. It supports mobile wallets and cash pickups, with some transfers arriving within minutes. While fees are slightly higher for Europe, it’s ideal for sending to non-Western countries.
Western Union / MoneyGram: Best for sending to people without a bank account
Finally, these services are still the go-to for sending money to recipients without bank accounts. With many agent locations in Denmark and worldwide, they offer reliable cash pickup options. However, they come with higher fees and weaker exchange rates, making them best for emergencies or one-off transfers.
Trading Apps in Denmark for Foreigners

If you’re planning to stay in Denmark for a while, or simply want to make your savings work for you, investing through trading apps in Denmark can be a smart move. The good news is that you don’t need to be a Danish citizen to invest. But you do need to understand local rules, especially around taxes and registration.
Below are the most accessible and trusted platforms for foreigners in Denmark:
Saxo Bank / SaxoInvestor: Best Danish trading platform for long-term investors
Saxo Bank is Denmark’s leading investment platform, offering access to global markets, local tax integration, and full Danish support. It’s ideal for residents with a CPR number and MitID who want a stable, SKAT-compliant platform. While fees may be higher than some international apps, it’s a reliable choice for serious investors in Denmark.

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.
eToro: Best for beginners and social investing
eToro is an international trading app with a clean interface and a unique copy trading feature that lets you follow the strategies of top investors. It offers access to stocks, ETFs, and crypto without needing a Danish ID. Just note that profits must be reported manually to SKAT, and currency conversion fees apply, which makes it best for beginners or those testing the waters.

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.
Important Tax and Residency Rules to Know About
- If you’re a tax resident in Denmark, you must declare all capital gains, even from foreign platforms like eToro.
- You may need to register your trading account with SKAT.
- Platforms like SaxoInvestor make tax reporting easier because they integrate with Danish systems.
What Should You Consider Before Using Money Transfer & Trading Apps in Denmark?
Before choosing money transfer or trading apps in Denmark, it’s important to understand how each type of service works, especially in relation to your residency status, tax obligations, and access to local banking infrastructure. Thus, in the table below, we compare the most relevant features across different app types:
Criteria | Danish Apps (e.g. SaxoInvestor) | International Transfer Apps (e.g. Wise, Remitly) | International Trading Apps (e.g. eToro) |
---|---|---|---|
Requires CPR Number | Yes | No | No |
Requires MitID | Yes (in most cases) | No | No |
Available Without CPR | No | Yes | Yes |
Language Support | Danish, English | English, often multilingual | English, often multilingual |
Automatic Tax Reporting to SKAT | Yes | No | No |
Manual Tax Reporting Required | Usually not | Yes | Yes |
Supports Bank Transfers | Yes (from Danish accounts) | Yes (to 50–100+ countries) | Limited; not a primary feature |
Supports Cash Pickup/Mobile | No | Yes (e.g. Remitly, Western Union) | No |
Offers Investment Options | Yes (stocks, ETFs) | No | Yes (stocks, ETFs, crypto) |
Fees | Generally low | Low to moderate depending on currency/destination | Often low, though spreads and hidden fees may apply |
Exchange Rates | Varies; may include margin | Typically competitive (especially Wise) | Varies; often includes markup |
Ease of Use for Newcomers | Moderate (requires CPR/MitID setup) | High | High |
Best Suited For | Residents with full registration in Denmark | Newcomers, short-term residents | Users looking for accessible, beginner-friendly trading platforms |
FAQ About Money Transfer & Trading Apps in Denmark
Do I need a Danish bank account to use these apps?
Not always. Apps like Wise, Revolut, and eToro allow you to sign up with a foreign bank account or card. However, for Danish-based apps like SaxoInvestor or Lunar, a Danish bank account and CPR number are usually required.
Can I use these apps before I get my CPR number?
Yes, many international platforms (Wise, Revolut, eToro) let you open an account with just your passport or national ID. Danish apps will require your CPR and sometimes MitID.
Are profits from trading apps taxable in Denmark?
Yes. If you’re a tax resident in Denmark, you’re required to declare any capital gains, even if you earned them on a foreign platform. Danish platforms often report directly to SKAT, but with international ones, you’ll need to declare manually.
Are these apps safe to use?
Most of the apps mentioned are regulated by financial authorities in the EU, UK, or Denmark. Just make sure you download them from official app stores and activate two-factor authentication for added security.
Which app is best for regular money transfers to family abroad?
Wise is best for low-cost transfers to bank accounts. Remitly or Western Union are better if your recipient needs to pick up cash or use mobile money.