Online trading in Norway has been booming. However it can be a challenging task to find the best stock broker in Norway because the competition in the trading industry is fierce. Norway residents will need to look for an international online brokers and trading platforms, since there are almost no local stock brokers registered in Norway. The main Norwegian financial markets regulatory Finanstilsynet does not even require brokers to become locally authorised.
Since Norway is a part of EEA, any EU licensed brokerage will gladly open an online trading account for Norwegian traders.
Ranking of the Top 5 Brokers in Norway:
- Skilling – The Best International Online Broker in Norway
- eToro – Great Multi-Asset Broker for Beginners
- XTB – Zero Commision Stocks & ETFs
- Interactive Brokers – Wide Range of Assets Available
- SAXO Bank – Popular Online Investing Bank
Skilling.com – A Winning Online Trading App for 2025
Skilling is the best online broker and trading platform in Norway. The company has a nordic ownership that has been established in 2016 with the initial goal to cater to Scandinavian traders and investors. In the recent year, Skilling has become the fastest growing CFD broker.
How does Skilling cater to clients in Norway?
Skilling serves Norwegian clients with account registrations using your BankID and NOK currency deposits and local customer support. Company is also renowned for their advanced trading tools, which provides investors with access to multiple international markets.
73% of retail investor accounts lose money.
Pros and Cons
- Nordic broker with Norwegian ownership
- Registration with BankID
- Norwegian Kr. as a base currency
- Standard leverage up to 1:30
- Very low spreads
- Negative balance protection
- Hundreds of trading assets
- MT4, cTrader, Skilling Trader are available
- CFDs only
- At the moment no PayPal deposits
eToro
eToro was first set up back in 2007 and has become a trailblazer in the industry of social trading, allowing more people to access the financial markets than ever. The copy trading feature paved the way for increased involvement when it was first established within the online trading industry. eToro has also been at the forefront of additional financial innovations, including CopyPortfolio™.
There is a vast array of more than 5000 CFD instruments available to trade with.
eToro is currently regulated in Europe by the Cyprus Securities and Exchange Commission (CySEC) and your deposits are insured up to 20,000€ in case of company’s insolvency.
Assets:
- 3000 Shares (real shares without commission)
- 70+ Cryptocurrencies with 1% fee
- 49 Currency pairs
- 64 CFD ETF Funds
- 54 CFD Commodities (Oil, Gas, Precious Metals)
- 250 CFD Stock Indices
51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Pros and Cons
- Best copy trading apps
- One of the largest online brokers with 4 mil. clients
- Best mobile trading app
- 1600+ Real stocks without commision
- CFDs on Indices, ETFs, Commodities, Metals
- ASIC, CySEC, FCA license
- No Metatrader, cTrader, TradingView
- Limited educational materials
How to Choose the Best Online Broker in Norway
It is important to realise that there are a number of important things to look at before choosing your online stock broker, if you are Norwegian resident.
- Registering via BankID ( Skilling broker offers this option at the moment) will make your life easier (no need to upload private documents)
- Norwegian Krona (NOK) as a base currency for your trading account – this will save you lot of money in the future on foreign exchange fees. Foreign exchange fees between NOK and USD,EURO are expensive..
- Direct bank wire transfer without any fees for depositing and withdrawing money
- Money deposit stored in the Norwegian banks (only Skilling offers this option at the moment)
- A trading platform that comes in the Norwegian
- Norwegian speaking customer service
- Easy to use software
- Trading accounts that are allowed in Norway, such as Islamic Trading Accounts, Standard, Mini, and Micro.
Norway Stock Market Regulation
Norway is a current member of the EEA, which shares many regulatory guidelines with the European Securities and Markets Authority (ESMA), a well-known EU regulator.
When it comes to the financial market in Norway, the main regulatory body is the Markets in Financial Instruments Directive (MiFID), the same body that governs over the entirety of the European economic area. However, Norway also has the Finanstilsynet as an additional regulatory body, also known as the Financial Supervisory Authority of Norway. This body was first set up in 1986 and oversees all financial companies across the country.
FAQ’s (Frequently Asked Questions)
Can I invest into USA American Stocks from Norway?
Yes you can invest into USA Stocks from Norway by using regulated broker like Skilling, Etoro or Interactive Brokers.
What are the top-rated online brokerage platforms for beginners in Norway?
Beginners in Norway often choose platforms like Saxo and eToro. These brokers provide user-friendly interfaces and educational resources, making it easier for new traders to get started with confidence.
Which trading apps are most popular among Norwegian investors?
Norwegian investors commonly use apps like SaxoTraderGO and the Interactive Brokers app. These apps offer robust features, seamless trading experiences, and access to a wide range of financial markets.
Are there any restrictions on forex trading in Norway?
Forex trading in Norway is regulated by the Financial Supervisory Authority of Norway. Traders need to comply with specific guidelines to ensure fair and legal trading practices. It’s important to choose brokers that adhere to these regulations.
How does Interactive Brokers cater to clients in Norway?
Interactive Brokers serves Norwegian clients with low fees and a wide range of products. They are renowned for their advanced trading tools and global presence, which provides investors with access to multiple international markets.
What should traders consider when choosing an online broker in Norway?
Traders should look for low fees, a variety of trading instruments, and strong regulatory compliance. A user-friendly platform and good customer support are also crucial factors.
What is the process for trading stocks online in Norway?
To trade stocks online in Norway, investors need to create an account with a reputable broker, verify their identity, and deposit funds. After setting up an account, traders can access various markets and start placing trades through the broker’s platform.
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