Choosing the right investment platform is one of the most important decisions you will make as a Danish investor. The platform you choose affects your fees, the accounts you can use, and the investments available to you. This guide compares every major platform available to Danish residents, with concrete numbers and recommendations.
Nordnet
Nordnet is the largest investment platform in the Nordic region, serving over 3 million customers across Denmark, Sweden, Norway, and Finland. It is the most popular choice among Danish retail investors for good reason.
Fees
- Danish stocks: DKK 29 per trade
- Nordic stocks: DKK 49 per trade
- US stocks: 0.10% of trade value (minimum USD 4)
- ETFs: Free (subject to exchange fees)
- Funds: Free (subject to fund-specific costs)
Key Features
- Aktiesparekonto: Nordnet supports Denmark’s tax-advantaged investment account with a 17% tax rate on gains up to DKK 122,900 (2026 limit)
- Monthly investment: Set up automatic monthly investments in stocks, ETFs, or funds from DKK 100
- Mobile app: Clean, well-designed app for iOS and Android
- English support: Full English-language website and app
- Research tools: Company financials, analyst ratings, and news
- Pension accounts: Supports Danish pension account types
Best For
Beginners and intermediate investors who want simplicity, aktiesparekonto support, and a reliable platform without complexity.
Saxo Bank
Saxo Bank is a Danish-founded broker with a global reach. It is one of the oldest online brokers in Europe and offers a wider range of instruments than almost any competitor in Denmark.
Fees
- Danish stocks: DKK 0-49 per trade (volume-based pricing; higher volume = lower fee)
- Nordic stocks: DKK 29-99 per trade
- US stocks: USD 0-4 per trade (volume-based)
- ETFs: Low cost, varies by exchange
- Funds: Access to a wide range of Danish and international funds
Key Features
- Volume-based pricing: Frequent traders and larger portfolios benefit from progressively lower fees
- SaxoInvestor: A simplified platform for casual investors
- SaxoTraderGO: Advanced platform with charting, research, and real-time data
- Aktiesparekonto: Fully supported
- Pension accounts: Supports Danish pension types
- Global market access: 36 exchanges in 30+ countries
Best For
Active traders and investors with larger portfolios who benefit from volume-based pricing. Also a strong choice for anyone who wants access to a wide range of international markets.
Danske Bank
Danske Bank is Denmark’s largest bank and the most established financial institution in the country. Its investment platform is integrated with your Danske Bank account, making it convenient for existing customers.
Fees
- Danish stocks: DKK 49-99 per trade
- Nordic stocks: DKK 69-149 per trade
- US stocks: Higher than dedicated brokers
- ETFs: Available but with higher fees than Nordnet or Saxo
- Funds: Danske Invest funds available, some with promotional fee structures for existing customers
Key Features
- Banking integration: Seamless connection to your Danske Bank account
- Danske Invest: In-house fund range with professional management
- Aktiesparekonto: Supported
- Pension accounts: Full pension integration
- Advisory services: Access to personal investment advisors (at additional cost)
- English support: Available but less extensive than dedicated brokers
Best For
Existing Danske Bank customers who want everything in one place and do not mind paying higher fees for convenience. Less suitable for cost-conscious investors or those who trade frequently.
Interactive Brokers
Interactive Brokers is an American brokerage firm with a global presence. It offers the lowest fees for international investing and access to the widest range of markets, but the platform is designed for experienced investors.
Fees
- Danish stocks: Low fees (varies by exchange)
- US stocks: USD 0.005 per share (minimum USD 1)
- ETFs: Among the cheapest available anywhere
- Currency conversion: Very competitive rates
- Custody fee: None
Key Features
- Lowest fees: Consistently the cheapest option for international trades
- Global access: 150+ markets in 33 countries
- Advanced tools: Professional-grade charting, algorithmic trading, options analysis
- No custody fees: You pay only per transaction
- Fractional shares: Available for US stocks
Limitations
- No aktiesparekonto support: International brokers cannot offer Danish tax-advantaged accounts
- No pension account support
- Complex interface: Designed for experienced investors
- English only: No Danish-language interface
- No Danish customer support
Best For
Experienced investors who prioritise low fees and international market access. Not recommended for beginners or anyone who needs aktiesparekonto or pension account support.
DEGIRO
DEGIRO is a Dutch-based online broker that has grown rapidly across Europe. It offers some of the lowest trading fees available and is popular with cost-conscious Scandinavian investors.
Fees
- Danish stocks: DKK 0 + exchange fee (typically DKK 10-15)
- Nordic stocks: Similar low-cost structure
- US stocks: USD 0 + small exchange fee
- ETFs: Among the cheapest available
- Custody fee: None for standard accounts
Key Features
- Very low fees: Among the cheapest brokers for individual trades
- Simple interface: Clean, easy-to-navigate platform
- Wide market access: Access to numerous European and global exchanges
- Mobile app: Functional and easy to use
Limitations
- No aktiesparekonto support
- No pension account support
- Limited research tools compared to Nordnet or Saxo
- Customer support: Can be slow during high-volume periods
- Regulatory: Dutch-regulated, not Danish
Best For
Cost-conscious investors who want the cheapest trades and do not need Danish-specific account types. A good secondary broker alongside a Danish platform.
Lunar
Lunar is a Danish digital bank that has expanded into basic investing. It targets people who want a simple all-in-one solution for banking and investing without the complexity of a dedicated investment platform.
Fees
- Danish stocks: Simple fee structure (check current pricing)
- ETFs: Limited selection
- Monthly investing: Supported from small amounts
Key Features
- All-in-one app: Banking, savings, and investing in one place
- Simple interface: Designed for beginners with no investment experience
- Quick setup: Open an account and start investing within minutes
- Danish company: Regulated in Denmark with Danish customer support
Limitations
- Limited investment options: Not suitable for advanced investors
- No aktiesparekonto support (check for updates)
- Basic tools: Minimal research and analysis features
- Higher fees than dedicated brokers for larger portfolios
Best For
Absolute beginners who want to start investing with small amounts and prefer keeping everything in one app. Not suitable for anyone with serious investment ambitions.
Comparison Table
| Feature | Nordnet | Saxo Bank | Danske Bank | Interactive Brokers | DEGIRO | Lunar |
|---|---|---|---|---|---|---|
| Minimum investment | DKK 100 | DKK 0 | Varies | USD 0 | EUR 1 | DKK 100 |
| Danish stock fee | DKK 29 | DKK 0-49 | DKK 49-99 | Low | DKK 0 + fee | Varies |
| ETF fee | Free | Low | Higher | Lowest | Very low | Basic |
| Aktiesparekonto | Yes | Yes | Yes | No | No | No |
| Pension account | Yes | Yes | Yes | No | No | No |
| English support | Full | Full | Partial | Full | Full | Danish |
| Mobile app | Yes | Yes | Yes | Yes | Yes | Yes |
| Best for | Beginners | Active traders | Bank customers | International | Cost-conscious | New investors |
Fee Impact Over Time
The difference in fees may seem small in percentage terms, but it compounds dramatically over decades. Here is what a DKK 100,000 investment grows to over 20 years at an average 7% annual return, after accounting for platform fees:
| Platform | Annual Fee | Value After 20 Years |
|---|---|---|
| Nordnet | 0.15% | DKK 386,000 |
| Saxo Bank | 0.25% | DKK 365,000 |
| Danske Bank | 0.50% | DKK 330,000 |
The difference between Nordnet and Danske Bank is DKK 56,000 on a single DKK 100,000 investment. On a larger portfolio of DKK 1 million, that gap becomes DKK 560,000 — more than half a million kroner lost to fees.
This is why choosing the right platform matters. The cheapest option is not always the best, but fees should be a primary consideration.
Tips for Choosing a Platform
- Use Nordnet if you want simplicity, aktiesparekonto support, and a well-rounded platform. It is the default recommendation for most Danish investors.
- Use Saxo Bank if you have a larger portfolio (above DKK 500,000) or trade frequently. The volume-based pricing kicks in at higher levels.
- Use DEGIRO if you want the absolute lowest trading costs and do not need aktiesparekonto or pension accounts. Best used as a secondary broker.
- Use Interactive Brokers if you invest heavily in international markets and are comfortable with a complex interface. Pair it with a Danish broker for aktiesparekonto.
- Use Danske Bank only if you are already a customer and value the convenience of having everything in one place. The higher fees are hard to justify otherwise.
- Use Lunar if you are a complete beginner and want to start with DKK 100. Upgrade to Nordnet or Saxo once you outgrow it.
How to Get Started
- Open a Danish bank account with a NemKonto
- Decide what you want to invest in (Danish stocks, ETFs, or funds)
- Choose a platform that matches your needs and budget
- Open your account online with your CPR number
- Set up automatic monthly investments to build your portfolio consistently
- Check your platform fees annually and consider switching if a better option emerges
The best platform is the one you will actually use consistently. Start simple, keep costs low, and upgrade as your needs grow.