10 Best Forex Brokers in Norway

 

 

The Top 10 Best Forex Brokers in Norway revealed. We have rated and reviewed the best Forex Brokers accepting Norwegian Traders.

 

This is a complete listing of The 10 Best Forex Brokers in Norway. In this in-depth write-up you will learn:

 

• A List of the 10 Best Forex Brokers in Norway
• Pros and Cons of Forex in Norway.
• Is Forex Trading Legal in Norway

 

and much, much more!

 

🔍Forex Broker	🎁Sign Up Here	💵Minimum Deposit	💶Minimum Deposit (NOK)
🥇XM	👉 Click Here	5 USD	52.45 NOK
🥈AvaTrade	👉 Click Here	100 USD	1049.07 NOK
🥉eToro	👉 Click Here	50 USD	524.53 NOK
🏅XTB	👉 Click Here	0 USD	0 NOK
🏆IG	👉 Click Here	0 USD	0 NOK
🎖️CMC Markets	👉 Click Here	0 USD	0 NOK
🥇FBS	👉 Click Here	5 USD	52.45 NOK
🥈FXTM	👉 Click Here	200 USD	2098.14 NOK
🥉HFM	👉 Click Here	100 USD	1048.07 NOK
🏆OctaFX	👉 Click Here	25 USD	262.27 NOK

 

10 Best Forex Brokers in Norway (2025)

 

1. ☑️XM – Overall, Best Broker in Norway
2. ☑️AvaTrade – Well-Regulated Forex Broker
3. ☑️eToro – High Norwegian Trust Score
4. ☑️XTB – Best Online Trading Experience
5. ☑️IG – Low NOK Minimum Deposit
6. ☑️CMC Markets – Excellent Technical Tools
7. ☑️FBS – Lowest Overall Costs in Norwegian Krone
8. ☑️FXTM – Award-Winning Broker in Scandinavia
9. ☑️HFM – Competitive Fees and Spreads
10. ☑️OctaFX – Best Globally Regulated Broker

 

 

1. XM

Overall, XM.com is considered a trustworthy broker with average risk with spreads as low as 0.6 pips and an above-average trust score of 84 out of 99. XM Group is not a publicly traded company but is authorized by two tier-1 regulators (high trust).

 

🔍Broker	🥇XM
🔢Year Founded	2009
👤Amount of Staff	600+
👥Amount of Active Traders	5,000,000+
📌Publicly Traded	None
📈Regulation	CySEC (Cyprus) ASIC (Australia) IFSC (Belize) FCA (UK)
🌎Country of Regulation	Cyprus Australia Belize UK
🗂️Account Segregation	✅Yes
➡️Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes, up to €20,000 under CySEC
➡️Institutional Accounts	None
🫴🏻Managed Accounts	None
💴Minor Account Currencies	USD EUR GBP JPY CHF AUD HUF PLN
💵Minimum Deposit	$5
⏰Average Deposit/Withdrawal Processing Time	Within 24 hours
💷Fund Withdrawal Fee	None, but third-party fees may apply
✏️Spreads	0.6 pips
💶Commissions	Zero on Standard and Micro accounts commission on Zero accounts
🔢Number of Base Currencies Supported	11
💸Swap Fees	✅Yes
⬆️Leverage	Up to 1:1000
📉Margin Requirements	Varies by instrument and account type
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	< 1 second
🖥️VPS Hosting	✅Yes (free for eligible accounts)
📍CFDs - Total Offered	1,000+
📈CFD Stock Indices	30+
➡️CFD Commodities	15+
📊CFD Shares	1,200+
💳Deposit Options	Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies
💴Withdrawal Options	Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies
💡Trading Platforms	MetaTrader 4 MetaTrader 5 XM WebTrader
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Autochartist Trading Signals VPS
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	support@xm.com
☎️Customer Support Contact Number	+357 25029933
📱Social Media Platforms	Facebook Twitter LinkedIn Instagram YouTube
⚙️Languages Supported on Website	30+ languages
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Articles Video Tutorials Market Analysis
🤝Affiliate Program	✅Yes
👥Amount of Partners	Not publicly disclosed
🫶IB Program	✅Yes
🎁Sponsorships	✅Yes (various events and teams)
🫰🏻Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes (Micro accounts available)
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Low stock CFD and withdrawal fees	Limited product portfolio
Easy and fast account opening	No investor protection for non-EU clients

 

Frequently Asked Questions

 

What is the maximum leverage at XM?

XM offers leverage up to 1:1000, depending on the asset class and regulatory jurisdiction.

 

Does XM offer educational resources?

Yes, XM provides a range of educational resources, including webinars, trading tutorials, and market analysis.

 

Does XM offer a demo account?

Yes, XM offers a free demo account with virtual funds for practice before trading with real money.

 

What is the minimum deposit required at XM?

The minimum deposit required to open an account at XM is USD 5/ NOK 52.45

 

 

Our Verdict

XM provides a robust trading environment with competitive features such as high leverage, negative balance protection, and extensive educational resources.

 

 

2. AvaTrade

Overall, AvaTrade is considered a low-risk and can be summarized as a trustworthy forex broker. Regarding spread and security, AvaTrade guarantees fast trading speeds and secure trading conditions. In terms of users, AvaTrade has more than 500,000 registered clients globally.

 

🔍Broker	🥇AvaTrade
🔢Year Founded	2006
👤Amount of staff	200+
👥Amount of active traders	Over 300,000
📌Publicly Traded	None
📈Regulation	Central Bank of Ireland (CBI) Australian Securities and Investments Commission (ASIC) Financial Sector Conduct Authority (FSCA) Financial Services Agency (FSA) Japan Abu Dhabi Global Markets (ADGM) Financial Services Regulatory Authority (FSRA), and more.
🌎Country of regulation	Ireland Australia Japan UAE South Africa British Virgin Islands
🗂️Account Segregation	✅Yes
🌟Negative balance protection	✅Yes
💙Investor Protection Schemes	Compensation scheme for eligible clients under certain jurisdictions
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	None
💴Minor account currencies	USD EUR GBP AUD JPY CHF ZAR, and more
💵Minimum Deposit	$100
⏰Average deposit/withdrawal processing time	Deposits: Instant Withdrawals: 1-3 business days
💳Fund Withdrawal Fee	No fees on most payment methods, but some charges may apply depending on the method used
✏️Spreads from	0.9 pips (EUR/USD)
💷Commissions	No commissions on most trades; spreads apply
🔟Number of base currencies supported	10+
💶Swap Fees	✅Yes Swap-free accounts available for Islamic traders
⬆️Leverage	Up to 1:400 depending on jurisdiction
📉Margin requirements	Varies based on asset and leverage used
☪️Islamic account (swap-free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	Fast execution generally less than 1 second
🖥️VPS Hosting	✅Yes for qualifying accounts
👉CFDs-Total Offered	1000+
📈CFD Stock Indices	30+
📉CFD Commodities	20+
📊CFD Shares	600+
💵Deposit Options	Credit/Debit Card Bank Transfer PayPal Skrill Neteller WebMoney, and more
💳Withdrawal Options	Credit/Debit Card Bank Transfer PayPal Skrill Neteller WebMoney, and more
📊Trading Platforms	MetaTrader 4 (MT4) MetaTrader 5 (MT5) AvaTradeGO WebTrader AvaOptions
🍎OS Compatibility	Windows MacOS iOS Android
🔩Forex trading tools	Autochartist Trading Central Economic Calendar AvaProtect, and more
🫴🏻Customer Support	✅Yes
🗣️Live chat availability	✅Yes
💻Customer Support Email address	support@avatrade.com
☎️Customer Support Contact Number	Varies by region accessible through the website
📱Social media Platforms	Facebook Twitter LinkedIn YouTube
⚙️Languages supported on FBS Website	Multiple languages including English Spanish French Italian Arabic, and more
🎓Education and Research	✅Yes
✏️Forex course	✅Yes (AvaAcademy)
💻Webinars	✅Yes
📖Educational Resources	eBooks Videos Tutorials Blog Market Analysis
🤝Affiliate program	✅Yes
👥Amount of partners	Thousands globally
🫰🏻IB Program	✅Yes
🎁Sponsorships	✅Yes Various sponsorships including the Manchester City Football Club)
🎀Rebate program	✅Yes
💰Cent or Micro Accounts	None Offers Standard and Professional Accounts
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Fee Free Deposit	Limit Offers
Low Trading Fees	Inactivity Fee
User Friendly	Administration Fee

 

Frequently Asked Questions

 

Does AvaTrade provide educational resources?

Yes, AvaTrade offers a variety of educational resources, including webinars, trading tutorials, and market analysis to help traders improve their knowledge and skills.

 

Does AvaTrade have an affiliate or partnership program?

Yes, AvaTrade offers an affiliate and Introducing Broker (IB) program, allowing partners to earn commissions by referring new clients.

 

Does AvaTrade charge inactivity fees?

Yes, AvaTrade charges an inactivity fee of $50 after three consecutive months of inactivity, followed by $100 if the account remains inactive for over 12 months.

 

Does AvaTrade offer an Islamic account?

Yes, AvaTrade offers Islamic accounts that are swap-free and comply with Sharia law.

 

 

Our Verdict

AvaTrade’s demo account, Islamic account, and robust affiliate program further enhance its appeal. However, traders should be mindful of the inactivity fees and ensure they remain active to avoid additional costs.

 

3. eToro

Overall, eToro can be summarized as a credible and trustworthy broker and is considered low-risk with competitive trading fees and spreads. Etoro has an overall trust score of 91 out of 99. eToro offers a world-class social trading platform with immediate order execution.

 

🔍Broker	🥇eToro
🔢Year Founded	2007
👤Amount of Staff	1,000+
👥Amount of Active Traders	30+ million
📌Publicly Traded	None
📉Regulation	CySec (Cyprus) FCA (UK).
🌎Country of Regulation	UK Cyprus
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes (for European clients under CySEC regulation)
➡️Institutional Accounts	None
🫴🏻Managed Accounts	None
💴Minor Account Currencies	USD EUR GBP AUD
💵Minimum Deposit	$10 (varies by region and payment method)
⏰Average Deposit/Withdrawal Processing Time	Instant for deposits; 1-8 business days for withdrawals
💳Fund Withdrawal Fee	$5
✏️Spreads from	1 pip
💶Commissions	Zero commission for stocks, spreads on CFDs
9️⃣Number of Base Currencies Supported	9 USD EUR GBP AUD CAD JPY CHF NZD and more
💷Swap Fees	✅Yes (overnight fees)
⬆️Leverage	Up to 1:30 (varies by instrument and region)
📉Margin Requirements	Depends on asset class
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	Market execution
🖥️VPS Hosting	None
👉CFDs-Total Offered	2,000+
📈CFD Stock Indices	✅Yes
📉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💶Deposit Options	Bank transfer Credit/debit card PayPal Neteller Skrill, and more
💳Withdrawal Options	Bank transfer Credit/debit card PayPal Neteller Skrill, and more
📊Trading Platforms	Proprietary eToro Platform (Web and Mobile)
🍎OS Compatibility	Windows Mac iOS Android
🔩Forex Trading Tools	CopyTrader ProCharts Trading Signals
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	Online contact form
☎️Customer Support Contact Number	N/A
📱Social Media Platforms	Facebook Twitter LinkedIn YouTube
⚙️Languages Supported on eToro Website	20+ languages
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Blogs Tutorials Guides Videos
🤝Affiliate Program	✅Yes
👥Amount of Partners	N/A
🫰🏻IB Program	None
🎁Sponsorships	✅Yes, various sports and events
🎀Rebate Program	None
💰Cent or Micro Accounts	None
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅Pros	❌Cons
Used by 6,000,000+ traders	Doesn’t allow scalping
Established in 2006	Inactivity Fee
Regulated by FCA, CySEC, and ASIC	Limited range of instruments

 

Frequently Asked Questions

 

Does eToro offer leverage?

Yes, eToro offers leverage on certain assets, with limits based on the instrument and regulatory jurisdiction. For example, leverage can go up to 1:30 for retail clients on forex trades.

 

What are the fees associated with trading at eToro?

eToro charges spreads on trades and an inactivity fee of $10 per month after 12 months of no activity. Withdrawal fees of $5 also apply.

 

Does eToro offer an Islamic account?

Yes, eToro offers Islamic accounts that comply with Sharia law by being swap-free.

 

What is CopyTrading at eToro?

CopyTrading allows users to automatically copy the trades of other successful traders on the platform, making it easier for beginners to follow experts.

 

 

Our Verdict

eToro charges withdrawal and inactivity fees, it is well-regulated and provides educational resources to support traders. Overall, eToro is a versatile platform with a strong focus on social trading and investor engagement.

 

 

4. XTB

Overall, XTB can be summarized as a trustworthy broker with a reputable reputation that provides Contracts for Difference (CFDs) and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, indices, and user-friendly trading conditions to a global market.

 

🔍Broker	🥇XTB
🔢Year Founded	2002
👤Amount of Staff	1,000+ employees
👥Amount of Active Traders	Over 495,000
📌Publicly Traded	✅Yes, listed on the Warsaw Stock Exchange
📉Regulation	FCA (UK) CySEC (Cyprus) KNF (Poland) IFSC (Belize)
🌎Country of Regulation	UK Cyprus Poland Belize
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes up to €20,000 under CySEC up to £85,000 under FCA
🌟Institutional Accounts	✅Yes
🫴🏻Managed Accounts	None
💴Minor Account Currencies	USD EUR GBP PLN
💵Minimum Deposit	$0 for standard accounts
⏰Average Deposit/Withdrawal Processing Time	Deposits: Instant to 1 business day Withdrawals: 1-3 business days
💳Fund Withdrawal Fee	No fees for bank transfers above a certain amount otherwise, charges may apply
✏️Spreads from	0.1 pips
💷Commissions	Commissions apply for certain account types and assets (e.g., stocks, ETFs)
4️⃣Number of Base Currencies Supported	4 USD EUR GBP PLN
💸Swap Fees	✅Yes depends on instrument and account type
⬆️Leverage	Up to 1:500 (depending on jurisdiction and asset)
📉Margin Requirements	Variable, depending on asset and leverage
☪️Islamic Account (swap-free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	Average 85 milliseconds
🖥️VPS Hosting	None
👉CFDs-Total Offered	Over 2,000 CFDs
📈CFD Stock Indices	35+
📉CFD Commodities	20+
📊CFD Shares	Over 1,800
💶Deposit Options	Bank transfer Credit/Debit card Skrill Neteller PayPal
💳Withdrawal Options	Bank transfer Credit/Debit card Skrill Neteller PayPal
📊Trading Platforms	xStation 5 xStation Mobile
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Advanced charting tools, economic calendar sentiment indicators trading calculators
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	support@xtb.com
☎️Customer Support Contact Number	Varies by region (UK: +44 203 695 3086)
📱Social Media Platforms	Facebook Twitter LinkedIn YouTube
⚙️Languages Supported on Website	Multiple languages including English Spanish French German Polish
🎓Education Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Articles tutorials videos eBooks
🤝Affiliate Program	✅Yes
👥Amount of Partners	Not publicly disclosed
🫰🏻IB Program	✅Yes
🎁Sponsorships	Not currently
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes micro-lot trading available
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅Pros	❌Cons
Lowest FX spreads	Does not accept U.S. clients
Regulated by FCA (U.K.)	Non-FX spread costs are high
Offers protection for client accounts	No guaranteed stop loss
Emphasis on customer service	No back-testing or automated trading capabilities

 

Frequently Asked Questions

 

What is the minimum deposit required at XTB?

XTB does not have a minimum deposit requirement for opening an account, making it accessible for traders of all levels.

 

Does XTB offer a demo account?

Yes, XTB provides a demo account that allows users to practice trading with virtual funds before moving to a live account.

 

What trading platforms does XTB offer?

XTB offers its proprietary platform, xStation 5, and a mobile app, both known for their user-friendly design and advanced trading tools.

 

What deposit and withdrawal methods does XTB support?

XTB supports various deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets like PayPal, Skrill, and Neteller.

 

 

Our Verdict

XTB offers a robust trading platform suitable for both beginners and experienced traders. While it charges some fees like inactivity fees and commissions on certain instruments, XTB remains an appealing choice for traders looking for a versatile and secure trading environment.

 

 

5. IG

IG Group can be summarized as a trustworthy broker that provides user-friendly trading conditions and quality educational material. It can be considered a low-risk option that is an excellent fit for pro traders.

 

🔍Broker	🥇IG
🔢Year Founded	1974
👤Amount of staff	Approximately 2,000+
👥Amount of active traders	Over 239,000
📌Publicly Traded	✅Yes, listed on the London Stock Exchange (LSE: IGG)
📉Regulation	FCA (UK) ASIC (Australia) CFTC (US) NFA (US) MAS (Singapore) FMA (New Zealand) JFSA (Japan) FINMA (Switzerland), and others
🌎Country of regulation	United Kingdom Australia United States Singapore New Zealand Japan Switzerland, and more
🗂️Account Segregation	✅Yes
🌟Negative balance protection	✅Yes
💙Investor Protection Schemes	FSCS (UK) - up to £85,000
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	None
💴Minor account currencies	USD EUR GBP AUD, and others
💵Minimum Deposit	£250 (or equivalent in other currencies)
⏰Average deposit/withdrawal processing time	Deposits: Instant Withdrawals: 1-5 business days
💳Fund Withdrawal Fee	None
✏️Spreads from	0.6 pips for major currency pairs
💷Commissions	Zero commissions on Forex; Commissions may apply to shares trading
6️⃣Number of base currencies supported	6+ USD EUR GBP AUD SGD and others
💶Swap Fees	✅Yes, swap fees apply
⬆️Leverage	Up to 1:30 (retail clients) Up to 1:200 (professional clients depending on regulation)
📉Margin requirements	Varies by asset class and account type
☪️Islamic account (swap-free)	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	Average execution speed is less than 0.1 seconds
🖥️VPS Hosting	Yes (third-party services available)
👉CFDs-Total Offered	Over 17,000 instruments
📈CFD Stock Indices	✅Yes
📉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💶Deposit Options	Bank transfer Credit/debit card PayPal Skrill
💳Withdrawal Options	Bank transfer Credit/debit card PayPal
📊Trading Platforms	MetaTrader 4 (MT4) L2 Dealer ProRealTime IG Web Platform IG Mobile Apps
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex trading tools	Autochartist Trading Central Economic Calendar Risk Management Tools
🫴🏻Customer Support	✅Yes
🗣️Live chat availability	✅Yes
💻Customer Support Email address	helpdesk@ig.com
☎️Customer Support Contact Number	Varies by country
📱Social media Platforms	Facebook Twitter LinkedIn YouTube
⚙️Languages supported on IG Website	12+ languages including English Spanish French German, and Chinese
🎓Education and Research	✅Yes
✏️Forex course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Articles videos tutorials eBooks seminars
🤝Affiliate program	✅Yes
👥Amount of partners	Not specified
🫰🏻IB Program	✅Yes
🎁Sponsorships	✅Yes, they have partnerships with various organizations, including sporting events.
🎀Rebate program	None
💰Cent or Micro Accounts	None
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Excellent Web-Trading Platform	High Fees
Educational Tools	Limited Product Portfolio
Great deposit and withdrawal options	Lacking Support

 

Frequently Asked Questions

 

What are IG’s spreads like?

IG offers competitive spreads that vary by asset. For major forex pairs, spreads can start as low as 0.6 pips.

 

Does IG offer an Islamic account?

Yes, IG offers Islamic (swap-free) accounts for traders who follow Sharia law.

 

Does IG have an affiliate or partnership program?

Yes, IG offers a partnership program where affiliates can earn commissions by referring new clients.

 

Does IG offer professional trading accounts?

Yes, IG offers professional trading accounts for eligible clients who meet certain criteria, allowing them to access higher leverage and other exclusive features.

 

 

Our Verdict

IG is a highly reputable and well-regulated broker offering a wide range of instruments, competitive trading conditions, and advanced platforms.

 

 

6. CMC Markets

Overall, CMC Markets can be summarized as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads. It is regulated by five tier-1 regulators (high trust) and one tier-2 regulator (average trust). It has a trust score of 99 out of 100.

 

🔍Broker	🥇CMC Markets
🔢Year Founded	1989
👤Amount of Staff	Over 1,000
👥Amount of Active Traders	Over 80,000
📌Publicly Traded	✅Yes
📉Regulation	FCA (UK)
🌎Country of Regulation	UK
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	FSCS (UK) and ASIC's Investor Compensation Scheme
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	None
💴Minor Account Currencies	Various
💵Minimum Deposit	£0
⏰Average Deposit/Withdrawal Processing Time	Typically 1-2 business days
💳Fund Withdrawal Fee	No fee for standard withdrawals
✏️Spreads From	0.7 pips (variable)
💷Commissions	No commission on trades, but spreads apply
🔟Number of Base Currencies Supported	Over 10
✏️Swap Fees	✅Yes, applicable depending on position
⬆️Leverage	Up to 1:500
📈Margin Requirements	Varies by instrument and leverage
☪️Islamic Account (Swap-Free)	None
🆓Demo Account	✅Yes
⏱️Order Execution Time	Fast, typically within milliseconds
🖥️VPS Hosting	Not offered
👉CFDs - Total Offered	Over 10,000
📈CFD Stock Indices	✅Yes
📉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💷Deposit Options	Bank transfer credit/debit card e-wallets
💳Withdrawal Options	Bank transfer credit/debit card e-wallets
📊Trading Platforms	Next Generation Trading Platform (web) MT4
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Advanced charting, news feed, analysis tools
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	support@cmcmarkets.com
☎️Customer Support Contact Number	+44 (0)20 7170 8200
📱Social Media Platforms	Facebook, Twitter, LinkedIn
⚙️Languages Supported on CMC Markets Website	English, and others
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes, vi webinars and educational materials
💻Webinars	✅Yes
📖Educational Resources	Articles tutorials, trading guides
🤝Affiliate Program	✅Yes
👥Amount of Partners	Multiple partners globally
🫰🏻IB Program	✅Yes
🎁Sponsorships	✅Yes, including sports events
🎀Rebate Program	Not available
💰Cent or Micro Accounts	None
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Low forex fees	High stock CFD fees
Great mobile platforms	Only CFDs available
Advanced research tools	Customer support only 24/5

 

Frequently Asked Questions

 

Does CMC Markets offer a demo account?

Yes, CMC Markets provides a demo account with virtual funds, allowing users to practice trading strategies without risk.

 

What trading platforms does CMC Markets offer?

CMC Markets offers its proprietary platform, Next Generation, as well as MetaTrader 4 (MT4) for forex trading.

 

Does CMC Markets charge inactivity fees?

Yes, CMC Markets charges an inactivity fee of $10 per month if there is no trading activity for 12 months.

 

What deposit and withdrawal methods does CMC Markets support?

CMC Markets supports deposits and withdrawals via bank transfers, credit/debit cards, and PayPal.

 

 

Our Verdict

While some fees like inactivity charges may apply, CMC Markets remains a strong option for those looking for a reliable and versatile trading environment.

 

 

7. FBS

FBS is a leading, global Forex Broker that offers access to various financial instruments. FBS offers access to free real-time quotes, fast order execution, and Leverage of up to 3000:1.

 

🔍Broker	🥇FBS
🔢Year Founded	2009
👤Amount of Staff	300+
👥Amount of Active Traders	Over 17 million
📌Publicly Traded	None
📈Regulation	FSC CySEC ASIC
🌎Country of Regulation	Belize Cyprus
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes, under CySEC regulations
➡️Institutional Accounts	None
🫴🏻Managed Accounts	None
💴Minor Account Currencies	USD EUR JPY GBP, and more
💵Minimum Deposit	$1
⏰Average Deposit/Withdrawal Time	Instant to 48 hours
💳Fund Withdrawal Fee	No fees for most methods
✏️Spreads from	0.0 pips
💷Commissions	From $0 to $20 per lot, depending on account type
5️⃣Number of Base Currencies	5+
💶Swap Fees	Applicable on most accounts except for Islamic accounts
⬆️Leverage	Up to 1:3000
📉Margin Requirements	Depends on leverage and account type
☪️Islamic Account (Swap-free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	From 0.3 seconds
🖥️VPS Hosting	✅Yes
🫴🏻CFDs-Total Offered	200+
👉CFD Stock Indices	✅Yes
📈CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💴Deposit Options	Bank transfer Credit/debit cards e-wallets (Neteller, Skrill, etc.) local payment systems
💳Withdrawal Options	Bank transfer Credit/debit cards e-wallets (Neteller, Skrill, etc.) local payment systems
↪️Trading Platforms	MetaTrader 4 (MT4) MetaTrader 5 (MT5) FBS Trader App
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Economic calendar Forex calculators Market analysis VPS Trading signals
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes, 24/7
💻Customer Support Email Address	support@fbs.com
☎️Customer Support Contact Number	Callback Option
📱Social Media Platforms	Facebook Instagram YouTube Twitter LinkedIn Telegram
⚙️Languages Supported on Website	20+ (including English, Spanish, Portuguese, Chinese, Arabic, etc.)
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Articles videos eBooks webinars tutorials
🤝Affiliate Program	✅Yes
👥Amount of Partners	450,000+
🫰🏻IB Program	✅Yes
🎁Sponsorships	No significant sponsorships
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Low Minimum Deposit	Limited Investor Protection
High Leverage	Fees on Some Services
Multiple Trading Platforms	Variable Spread Costs
Demo Accounts	High Leverage Risks

 

Frequently Asked Questions

 

What instruments can I trade on FBS?

FBS offers a variety of trading instruments, including forex, cryptocurrencies, commodities, indices, and stocks.

 

Does FBS charge inactivity fees?

Yes, FBS charges an inactivity fee of $5 if there is no trading activity on an account for three months.

 

Does FBS offer leverage?

Yes, FBS offers leverage up to 1:3000, depending on the account type and asset.

 

Is FBS regulated?

Yes, FBS is regulated by the International Financial Services Commission (IFSC) of Belize.

 

 

Our Verdict

FBS is a versatile broker that caters to both novice and experienced traders with its wide range of trading instruments, competitive leverage, and user-friendly platforms like MT4 and MT5. FBS provides a solid trading environment with features designed to support traders in their journey.

 

 

8. FXTM

Overall, FXTM can be summarized as a trustworthy broker that provides Contracts for Difference (CFDs) and trading facilities on shares, forex, commodities, cryptocurrencies, ETFs, options, and indices to a global market.

 

🔍Broker	🥇FXTM
🔢Year Founded	2011
👤Amount of Staff	Over 800
👥Amount of Active Traders	Over 4 million
📌Publicly Traded	None
📈Regulation	FCA CySEC FSC
🌎Country of Regulation	UK Cyprus South Africa Mauritius
🗂️Account Segregation	✅Yes
🌟Negative Balance Protection	✅Yes
💙Investor Protection Schemes	✅Yes (varies by regulatory entity)
➡️Institutional Accounts	✅Yes
🫴🏻Managed Accounts	None
💴Minor Account Currencies	USD EUR GBP NGN
💵Minimum Deposit	$10 for Cent Accounts
⏰Average Deposit/Withdrawal Processing Time	Instant - 24 hours
💳Fund Withdrawal Fee	None (but third-party fees may apply)
✏️Spreads from	0.0 pips
💶Commissions	$0 - $4 per lot depending on account type
4️⃣Number of Base Currencies Supported	4
💷Swap Fees	✅Yes
⬆️Leverage	Up to 1:2000
📉Margin Requirements	Based on leverage
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	0.05 seconds (Average)
🖥️VPS Hosting	✅Yes (Free with conditions)
📈CFDs-Total Offered	Over 250
👉CFD Stock Indices	✅Yes
📉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💴Deposit Options	Bank transfer Credit/debit cards e-wallets (Skrill Neteller, etc.)
💳Withdrawal Options	Bank transfer Credit/debit cards e-wallets (Skrill Neteller, etc.)
📊Trading Platforms	MetaTrader 4 MetaTrader 5 FXTM Trader App
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Forex calculators VPS Trading signals Market analysis tools
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	support@fxtm.com
☎️Customer Support Contact Number	+44 203 734 1098
📱Social Media Platforms	Facebook Twitter Instagram LinkedIn YouTube
⚙️Languages Supported on Website	16+
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
💻Webinars	✅Yes
📖Educational Resources	Articles tutorials eBooks Video tutorials
🤝Affiliate Program	✅Yes
👤Amount of Partners	Over 1,000
🫰🏻IB Program	✅Yes
🎁Sponsorships	No notable current sponsorships
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes (Cent Account)
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Excellent Customer Service	High Stock CFD Fees
Great Educational Tools	Inactivity Fee
No Deposit Fee	No Price Alert

 

Frequently Asked Questions

 

What is FXTM’s order execution speed?

FXTM prides itself on fast order execution speeds, which can vary based on market conditions and account type.

 

Is FXTM suitable for beginners?

Yes, FXTM is suitable for beginners due to its low minimum deposit, demo account, and extensive educational materials.

 

Does FXTM have an affiliate or partnership program?

Yes, FXTM offers an affiliate program that allows partners to earn commissions by referring new clients.

 

What customer support does FXTM provide?

FXTM offers customer support through live chat, email, and phone, available in multiple languages.

 

 

Our Verdict

FXTM provides a robust trading environment with features designed to support traders in their financial journey.

 

 

9. HFM

Overall, HFM rebranded as HFM Markets can be summarised as a trustworthy broker that provides Contracts for Difference (CFDs) and low spreads on 100+ trading instruments. It is regulated by one tier-1 regulator (highest trust) and three tier-2 regulators (medium trust). It has a trust score of 95% out of 100.

 

🔍Broker	🥇HFM
🔢Year Founded	2010
👤Amount of Staff	200+
👥Amount of Active Traders	2.5 million+
📌Publicly Traded	None
📈Regulation	FSCA DFSA FSA FCA FSC CMA
🌎Country of Regulation	UK South Africa UAE Seychelles
🗂️Account Segregation	✅Yes
➡️Negative Balance Protection	✅Yes
📌Investor Protection Schemes	✅Yes
🎉Institutional Accounts	✅Yes
👤Managed Accounts	✅Yes (PAMM/MAM accounts)
💵Minor Account Currencies	USD EUR GBP JPY AUD ZAR
💶Minimum Deposit	0 USD
⏱️Average Deposit/Withdrawal Processing Time	1 - 3 business days
💴Fund Withdrawal Fee	None, but third-party fees may apply
✏️Spreads	0.0 pips
💷Commissions	From $6 per lot (round turn)
🔢Number of Base Currencies Supported	12
💵Swap Fees	✅Yes
⬆️Leverage	Up to 1:1000
📉Margin Requirements	Varies by instrument
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏰Order Execution Time	< 30ms
🖥️VPS Hosting	✅Yes
📈CFDs - Total Offered	1,200+
📊CFD Stock Indices	20+
✏️CFD Commodities	20+
👉CFD Shares	950+
💳Deposit Options	Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies Local Payment Methods
💴Withdrawal Options	Bank transfer Credit/Debit cards Skrill Neteller PayPal Cryptocurrencies Local Payment Methods
📊Trading Platforms	MetaTrader 4 MetaTrader 5 HF App
🍎OS Compatibility	Windows macOS iOS Android
🔩Forex Trading Tools	Autochartist Trading Central VPS HFcopy
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	support@hfm.com
☎️Customer Support Contact Number	+44 203 097 5796
📱Social Media Platforms	Facebook Twitter Instagram LinkedIn YouTube
⚙️Languages Supported on Website	Multiple languages, including English, Chinese, Spanish, Arabic
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
🖥️Webinars	✅Yes
📖Educational Resources	Articles Video Tutorials eBooks Market Analysis
🤝Affiliate Program	✅Yes
🫶IB Program	✅Yes
🎁Sponsorships	✅Yes
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Regulated by Multiple Authorities	Limited to Non-Listed
Variety of Account Types	Inconsistent Fees
High Leverage Options	Limited Research Tools
Competitive Spreads	High Spreads on Some Accounts
Low Minimum Deposit	Varied Trading Conditions
Educational Resources Available	Fee Structure Complexity

 

Frequently Asked Questions

 

Does HFM offer a demo account?

Yes, HFM provides a demo account that allows traders to practice trading with virtual funds without any risk.

 

What is the minimum deposit required at HFM?

The minimum deposit varies by account type, but it typically starts at USD 100/NOK 1049.07 for most accounts.

 

Does HFM charge inactivity fees?

Yes, HFM charges an inactivity fee if an account remains inactive for 12 months or more.

 

What deposit and withdrawal methods does HFM support?

HFM supports various deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller.

 

 

Our Verdict

The availability of a demo account, extensive educational resources, and responsive customer support make it accessible for beginners. HFM offers a comprehensive trading experience designed to support traders in achieving their financial goals.

 

 

10. OctaFX

Overall, OctaFX can be summarised as a trustworthy and worthwhile broker with a trust score of 90 out of 100. OctaFX is very competitive in terms of its trading fees, with low spreads rounding off its offerings.

 

🔍Broker	🥇OctaFX
🔢Year Founded	2011
👤Amount of Staff	300+
👥Amount of Active Traders	Over 1.5 million
📌Publicly Traded	None
📈Regulation	Unregulated
🌎Country of Regulation	N/A
🗂️Account Segregation	✅Yes
❌Negative Balance Protection	✅Yes
💙Investor Protection Schemes	None
➡️Institutional Accounts	None
🫴🏻Managed Accounts	None
💴Minor Account Currencies	EUR USD
💵Minimum Deposit	$25
⏰Average Deposit/Withdrawal Processing Time	Within 1-3 hours
💳Fund Withdrawal Fee	No fees
✏️Spreads from	0.6 pips
💶Commissions	Zero commissions
2️⃣Number of Base Currencies Supported	2 (USD, EUR)
💷Swap Fees	✅Yes
⬆️Leverage	Up to 1:500
📉Margin Requirements	Varies by account type and leverage
☪️Islamic Account (Swap-Free)	✅Yes
🆓Demo Account	✅Yes
⏱️Order Execution Time	0.1 seconds
🖥️VPS Hosting	✅Yes (free upon meeting conditions)
➡️CFDs-Total Offered	200+
📈CFD Stock Indices	✅Yes
👉CFD Commodities	✅Yes
📊CFD Shares	✅Yes
💴Deposit Options	Bank Transfer Credit/Debit Card E-Wallets Crypto
💳Withdrawal Options	Bank Transfer Credit/Debit Card E-Wallets Crypto
📊Trading Platforms	MetaTrader 4 (MT4) MetaTrader 5 (MT5) OctaFX WebTrader
🍎OS Compatibility	Windows MacOS Android iOS
🔩Forex Trading Tools	Economic Calendar Trading Calculators CopyTrading
🫴🏻Customer Support	✅Yes
🗣️Live Chat Availability	✅Yes
💻Customer Support Email Address	support@octafx.com
☎️Customer Support Contact Number	Not publicly listed
📱Social Media Platforms	Facebook Twitter Instagram YouTube
⚙️Languages Supported on Website	English Spanish Portuguese Indonesian Hindi Urdu Chinese, and more
🎓Education and Research	✅Yes
✏️Forex Course	✅Yes
🖥️Webinars	✅Yes
📖Educational Resources	Articles Video Tutorials Market Analysis
🤝Affiliate Program	✅Yes
👤Amount of Partners	Not disclosed
🫰🏻IB Program	✅Yes
🎁Sponsorships	✅Yes, sponsored motorsports and esports events
🎀Rebate Program	✅Yes
💰Cent or Micro Accounts	✅Yes
🚀Open an Account	👉 Click Here

 

 

Pros and Cons

✅ Pros	❌ Cons
Competitive Spreads	Limited Cryptocurrency Options
Diverse Trading Platforms	Potential for Wider Spreads During High Volatility
Variety of Account Types	High Leverage Risks
Forex and CFDs offered	Some account types may incur fees on withdrawals
Regulated by Multiple Authorities	May offer fewer advanced research tools when Compared

 

Frequently Asked Questions

 

Is OctaFX suitable for beginners?

Yes, OctaFX is suitable for beginners, offering a demo account and educational resources to help new traders get started.

 

Does OctaFX have an affiliate or partnership program?

Yes, OctaFX offers an affiliate program that allows partners to earn commissions for referring new clients.

 

What customer support does OctaFX provide?

OctaFX offers customer support via live chat, email, and phone, with support available in multiple languages.

 

Does OctaFX offer an Islamic account?

Yes, OctaFX offers Islamic (swap-free) accounts for traders who adhere to Sharia law.

 

 

Our Verdict

OctaFX’s commitment to negative balance protection, multiple deposit and withdrawal options, and customer support in various languages further enhance its appeal. Overall, OctaFX offers a comprehensive trading experience that prioritizes safety and user satisfaction.

 

 

Is Forex Trading Legal in Norway?

Forex trading is legal in Norway. The Norwegian Financial Supervisory Authority (Finanstilsynet) oversees and regulates financial markets, including forex trading activities. Traders in Norway can participate in the forex market through licensed and regulated brokers, ensuring compliance with national regulations. There are no specific restrictions on trading activities, but traders need to choose regulated brokers to safeguard their investments.

 

 

Conclusion

Now it is your turn to participate:

 

• Which Norwegian broker from this list do you intend to test out?
• What was the determining factor in your decision to engage with a certain broker?
• Was it because of the NOK minimum deposit or the Pros and Cons?

 

Regardless, please share your thoughts in the comments below.

 

You Might Also Like:

 

• Best Forex Brokers in India
• Best Forex Brokers in Indonesia
• Best Forex Brokers in Malaysia
• Best Forex Brokers in Denmark

 

Frequently Asked Questions

 

Does XM have an affiliate program?

Yes, XM has an affiliate program that allows partners to earn commissions by referring new clients.

 

What is the minimum deposit required at AvaTrade?

The minimum deposit to open a trading account with AvaTrade is USD 100/NOK 1049.07

 

Does eToro offer customer support?

Yes, eToro provides customer support through live chat and a help center, but it does not offer phone support.

 

Does XTB offer leverage?

Yes, XTB offers leverage up to 1:30 for retail clients, depending on the asset and regulatory jurisdiction. Professional clients may access higher leverage.

 

Is IG suitable for beginners?

Yes, IG is suitable for beginners due to its educational resources, user-friendly platform, and the availability of a demo account.

 

Does CMC Markets offer leverage?

Yes, CMC Markets offers leverage up to 1:30 for retail clients on major forex pairs, with professional clients able to access higher leverage.

 

Does FBS offer bonuses?

Yes, FBS frequently offers bonuses and promotions, such as deposit bonuses and trading contests for clients.

 

Does FXTM charge commissions?

FXTM may charge commissions on certain account types, particularly ECN accounts, based on trading volume.

 

Does HFM offer leverage?

Yes, HFM offers leverage up to 1:1000, depending on the account type and asset class.

 

What are OctaFX’s spreads like?

OctaFX offers competitive spreads that vary depending on the account type, starting from 0.0 pips on certain accounts.

 

Is forex trading legal in Norway?

Yes.  Forex Trading is 100% legal in Norway.

 

Which is the most used forex broker in Norway?

According to research, OctaFX is the most popular broker choice in Norway.

 

How many forex traders are currently active in Norway?

The rough estimate is approximately 15 000 active Norwegian traders per month.

 

Can you make money with forex trading in Norway?

Yes.  However, according to research, approximately 75% of all traders lose money due to a wide number of factors.

 

Who regulates Forex Trading in Norway?

Forex trading in Norway falls under the regulatory authority of the Financial Supervisory Authority of Norway.