Sweden's largest online broker by number of customers, known for its low-cost ISK accounts.
- Headquarters
Sweden- Founded
- 1999
- Type
- Share & ETF brokers
- Licences on record
- 1 (1 European)
- EU client entity
- Avanza Bank AB (Finansinspektionen)
- Platforms
- Own platform
- Products
- Stocks, ETFs, Funds, Options, Bonds
- Website
- avanza.se
Strengths
- Sweden's largest online broker by customers
- Low-cost ISK accounts, pension and fund platforms
- Listed company with a banking licence
Watch-outs
- Sweden only
Overview
Avanza is a Swedish online bank and broker listed on Nasdaq Stockholm. It is known for low costs, its own low-fee index funds and the popularity of its ISK accounts.
Our view
For Swedish residents, Avanza and Nordnet are the default choices for long-term investing. See our Sweden guide for how ISK taxation works.
Licences on record
Brands often operate several companies. The one that onboards you depends on where you live, and that company's regulator decides your protection. Confirm the entity on the official register before you deposit.
| Regulator | Jurisdiction | Type | Check it |
|---|---|---|---|
| Finansinspektionen Finansinspektionen (Swedish Financial Supervisory Authority) | Sweden |
EU/EEA – passportable | Official register |
What protection would you get?
If you are a retail client of Avanza's European entity, these safeguards apply by law. Which one applies to you depends on the entity you sign with.
- Investor compensation: Up to SEK 250,000 per investor – Investerarskyddet (Riksgälden)
- Leverage for retail clients: capped at 30:1 on major currency pairs, down to 2:1 on crypto. Details
- Negative balance protection: you cannot lose more than the money in your account.
- Margin close-out: positions are closed when equity falls to 50% of required margin.
- Complaints: Allmänna reklamationsnämnden (ARN) or Konsumenternas Bank- och finansbyrå (free advice)
- Best forex brokers in Sweden
Verify Avanza yourself
- Find the exact company name in the footer of the website and in the client agreement you are asked to sign.
- Search that name on the register of the regulator listed for your country (links above). Make sure the register shows the same website domain.
- Check warning lists for look-alike names: IOSCO I-SCAN covers alerts from regulators worldwide.
- Never download remote-access software or move money because someone "from the broker" phoned you. How clone-firm scams work.
Protection Score breakdown
| Factor | Points |
|---|---|
| Holds at least one European licence (EU/EEA, UK or Swiss) | +40 |
| ESMA/FCA retail protections available (leverage caps, negative balance protection, compensation scheme) | +15 |
| Group holds a banking licence (higher capital requirements) | +8 |
| Publicly listed group (audited public accounts) | +8 |
| Operating for 27 years | +7 |
| Total | 78/100 |
The score measures structural protection from licences and corporate facts, not costs, service or platform quality. A high score does not mean a firm is right for you. Methodology.
Trader experiences
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About this data
Profile type: reviewed profile. Licence data is from our research and has not yet been re-checked against every register; confirm it on the official register before relying on it. Last updated 30 September 2026.