Brokers With NOK Accounts

Written By

Jemma Grist

Edited By

James Barra

Updated

Oct 4, 2024

NOK trading accounts allow you to hold your funds in Norwegian krone. Particularly popular among active Norwegian traders, they help minimize the risk and cost of converting profits from foreign currencies back to NOK, while ensuring convenient trading transactions in a familiar currency.

See our selection of the best brokers with NOK accounts, thoroughly tested by our experts.

Best Brokers With NOK Accounts

Our evaluations have found that these are the top 3 trading platforms with NOK accounts:

Click a broker for details

1

Interactive Brokers

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Interactive Brokers Review

Ratings

Regulation & Trust 4.5 / 5

Accounts & Banking 3.5 / 5

Assets & Markets 4.6 / 5

Fees & Costs 4.3 / 5

Platforms & Tools 3.3 / 5

Customer Support 3 / 5

Research 4.4 / 5

Education 4.3 / 5

iOS App 4.3 / 5

Android App 4.5 / 5

Minimum Deposit $0

Minimum Trade $100

Leverage 1:50

Regulator FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM

Instruments Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies

Platforms Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower

Payment Methods Cheque, ACH Transfer, Wire Transfer, Automated Customer Account Transfer Service, TransferWise, Debit Card

Account Currencies USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

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2

Dukascopy

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Dukascopy Review

New Customer Bonus Offer 10% Equity Bonus

Ratings

Regulation & Trust 3.5 / 5

Accounts & Banking 3.5 / 5

Assets & Markets 3.8 / 5

Fees & Costs 3 / 5

Platforms & Tools 4.3 / 5

Customer Support 4 / 5

Research 4.5 / 5

Education 3.5 / 5

iOS App 4.6 / 5

Android App 3.7 / 5

Minimum Deposit $100

Minimum Trade 0.01 Lots

Leverage 1:200

Regulator FINMA, JFSA, FCMC

Instruments CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options

Platforms JForex, MT4, MT5

Payment Methods Neteller, Wire Transfer, Mastercard, Skrill, Visa, Maestro, Credit Card, Debit Card, Apple Pay, Bitcoin Payments, Ethereum Payments

Account Currencies USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, PLN, CZK, AED, SAR, HUF, MXN

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3

Zacks Trade

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Zacks Trade Review

Ratings

Regulation & Trust 3.5 / 5

Accounts & Banking 3 / 5

Assets & Markets 3 / 5

Fees & Costs 3.5 / 5

Platforms & Tools 3.8 / 5

Customer Support 3.5 / 5

Research 3.9 / 5

Education 1 / 5

iOS App 5 / 5

Android App 3.7 / 5

Minimum Deposit $2500

Minimum Trade $3

Leverage

Regulator FINRA

Instruments Stocks, ETFs, Cryptos, Options, Bonds

Platforms Own

Payment Methods Wire Transfer, ACH Transfer, Cheque

Account Currencies USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, HUF

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Here is a summary of why we recommend these brokers in February 2025:

Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
Dukascopy - Established in 2004, Dukascopy Bank SA is a Swiss online bank and brokerage providing short-term trading opportunities on 1,200+ instruments, including binaries. A choice of accounts (JForex, MT4/5, Binary Options) and sophisticated platforms (JForex, MT4/MT5) deliver powerful tools and market data for active traders.
Zacks Trade - Zacks Trade is a FINRA-regulated US broker offering trading on stocks, ETFs, cryptocurrencies, bonds and more through a proprietary terminal. The broker is geared toward active traders and offers very affordable fees on most assets as well as an app and a vast amount of market data.

Brokers With NOK Accounts Comparison

Brokers With NOK Accounts Comparison
NOK Account	Minimum Deposit	Markets	Regulator
✔	$0	Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies	FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM
✔	$100	CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options	FINMA, JFSA, FCMC
✔	$2500	Stocks, ETFs, Cryptos, Options, Bonds	FINRA

Interactive Brokers

"Interactive Brokers is one of the best brokers for advanced day traders, providing powerful charting platforms, real-time data, and customizable layouts, notably through the new IBKR Desktop application. Its superb pricing and advanced order options also make it highly attractive for day traders, while its diverse range of equities is still among the best in the industry."
Christian Harris, Reviewer

Interactive Brokers Quick Facts

Demo Account	Yes
Instruments	Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies
Regulator	FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM
Platforms	Trader Workstation (TWS), IBKR Desktop, GlobalTrader, Mobile, Client Portal, AlgoTrader, OmniTrader, TradingView, eSignal, TradingCentral, ProRealTime, Quantower
Minimum Deposit	$0
Minimum Trade	$100
Leverage	1:50
Account Currencies	USD, EUR, GBP, CAD, AUD, INR, JPY, SEK, NOK, DKK, CHF, AED, HUF

Pros

There's a vast library of free or paid third-party research subscriptions catering to all types of traders, plus you can enjoy commission reimbursements from IBKR if you subscribe to Toggle AI.
The TWS platform has clearly been built for intermediate and advanced traders and comes with over 100 order types and a reliable real-time market data feed that rarely goes offline.
IBKR is one of the most respected and trusted brokerages and is regulated by top-tier authorities, so you can have confidence in the integrity and security of your trading account.

Cons

TWS’s learning curve is steep, and beginners may find it challenging to navigate the platform and understand all the features. Plus500's web platform is much better suited to new traders.
IBKR provides a wide range of research tools, but their distribution across trading platforms and the web-based 'Account Management' page lacks consistency, leading to a confusing user experience.
You can only have one active session per account, so you can’t have your desktop program and mobile app running simultaneously, making for a sometimes frustrating trading experience.

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Interactive Brokers Review

Dukascopy

"If you’re an experienced trader, Dukascopy provides the tools you need: JForex for algorithmic strategies, competitive spreads from 0.1 pips, leverage up to 1:200, and the peace of mind of using a Swiss-regulated bank and broker."
Christian Harris, Reviewer

Dukascopy Quick Facts

Bonus Offer	10% Equity Bonus
Demo Account	Yes
Instruments	CFDs, Forex, Stocks, Indices, Commodities, Crypto, Bonds, Binary Options
Regulator	FINMA, JFSA, FCMC
Platforms	JForex, MT4, MT5
Minimum Deposit	$100
Minimum Trade	0.01 Lots
Leverage	1:200
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, PLN, CZK, AED, SAR, HUF, MXN

Pros

The proprietary JForex platform is highly advanced, offering tools for algorithmic trading, extensive charting, and access to deep liquidity for short-term traders.
Dukascopy offers tight spreads starting from 0.1 pips, leverage up to 1:200 (depending on the jurisdiction), and volume-based commissions that reward high-frequency traders.
Dukascopy is regulated by the Swiss Financial Market Supervisory Authority (FINMA) as both a broker and a bank, ensuring top-tier financial security and adherence to strict standards.

Cons

Some account types, such as the MT4/MT5 accounts, require a higher minimum deposit of $1,000, which may not be ideal for traders with smaller budgets.
Dukascopy's withdrawal fees are higher than most competitors we’ve tested, particularly for bank wire transfers, which may deter traders who require frequent access to their funds.
While JForex is feature-rich, it has a steep learning curve, making it less suitable for beginner traders who might prefer simpler platforms.

Visit Dukascopy

Dukascopy Review

Zacks Trade

"Zacks Trade will suit active day traders with experience using powerful platforms. Fees and margin rates are low while the market research is excellent."
Tobias Robinson, Reviewer

Zacks Trade Quick Facts

Demo Account	Yes
Instruments	Stocks, ETFs, Cryptos, Options, Bonds
Regulator	FINRA
Platforms	Own
Minimum Deposit	$2500
Minimum Trade	$3
Account Currencies	USD, EUR, GBP, CAD, AUD, NZD, INR, JPY, ZAR, TRY, SEK, NOK, DKK, CHF, HKD, SGD, RUB, PLN, CZK, HUF

Pros

Regulated by FINRA with access to the Securities Investor Protection Corporation
Demo account
Customizable proprietary trading platform and mobile app

Cons

No forex, commodities or futures trading
No MT4 or MT5 platform integration
High minimum requirement of $2,500

Visit Zacks Trade

Zacks Trade Review

How Did We Choose The Best Brokers?

To find the best platforms with NOK accounts we:

Scoured our catalog of 219 online brokers and platforms
Prioritized all those that offer a trading account based in the Norwegian krone (NOK)
Rated them using 100+ data points and findings from our hands-on tests

What Is A NOK Account?

A NOK account is a trading account where the balance is denominated in Norwegian krone.

This means that your trades, transactions and account statements are held in NOK.

Below is an example of where I opened a NOK account with Dukascopy:

Opening a NOK account with Dukascopy — Dukascopy – NOK Account Registration

Do I Need A NOK Trading Account?

A NOK-based account may be suitable if:

You live in Norway and make money or save in NOK because it’s convenient holding an account in the same currency.
You want to trade NOK currency pairs such as USD/NOK and EUR/NOK because they may be subject to fewer associated charges such as conversions.
You actively trade Norwegian and Nordic stocks listed on the Nasdaq Nordic, meaning your transactions are faster and normally cheaper in NOK.

How Can I Check If A Broker Offers An Account In Norwegian Krone?

We took these easy three steps to check that all our recommended platforms offer a NOK account, and we suggest you do too:

Go to the account options section on the broker’s website and locate the selection of available base currencies.
Confirm that ‘NOK’ is available as a supported account currency in Norway.
Open a live or demo account and choose NOK as your base currency.

Pros & Cons Of NOK Trading Accounts

Pros

We’ve found brokers with NOK accounts often provide access to local or regional markets for Norwegian traders. At Dukascopy, for example, you can trade popular Norwegian share CFDs such as Norsk Hydro, as well as currency pairs like EUR/NOK and USD/NOK.
Active traders dealing in NOK may enjoy reduced conversion fees in a NOK account. Otherwise, some brokers like IG charge up to 0.8% when transferring between NOK and another currency.
The Norwegian krone is often considered a ‘safe haven’ currency, thanks to key factors like the nation’s prominence in oil and gas production and diverse economy. This means traders can enjoy relative stability while helping to protect against volatile exchange rate fluctuations.

Cons

Despite its stable history, the Norwegian krone has faced difficulties in recent years – Reuters claims it was the worst-performing G10 currency in 2023 due to the struggling banking sector and concerns over Norway’s future in oil production. Such factors may cause volatility and threaten NOK trading balances.
NOK accounts are uncommon (accounting for less than 2% of the brokers we’ve personally tested) compared to major base currencies like USD and EUR, giving day traders limited choice when picking a platform.
You may still face conversion fees when trading assets that are denominated in a currency other than NOK. Skilling, for example, charges a 0.7% conversion on top of the trade’s realized profit.

FAQ

Which Is The Best Broker With A NOK Trading Account?

We’ve thoroughly tested the best trading platforms with NOK accounts. See our list to find a suitable option for you.

How Much Does It Cost To Open A Trading Account Based In Norwegian Krone?

Many brokers will allow you to open an account with less than 250 USD (approximately 2,764 NOK) though our analysis have found many trading platforms offering lower.

Skilling, for example, only requires 100 USD – around 1,105 NOK. It’s also got one of the most intuitive trading platforms I’ve seen, limiting the learning curve for newer traders.

Article Sources

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