Which broker is better for Sweden traders in 2026? Expert analysis across 12 categories.
Sweden traders looking for a reliable forex and CFD broker face a choice between FP Markets (rated 4.7/5) and Plus500 (rated 3.7/5). Both brokers accept Swedish clients and offer trading in major forex pairs, indices, and commodities. However, they differ significantly in cost, platform features, and deposit options. FP Markets is an Australian-based broker with a strong reputation for low spreads (from 0.0 pips) and a wide range of account types, including Raw and Standard accounts. Plus500 is a UK-based broker known for its simple, user-friendly platform and fixed spreads. For Swedish traders, local payment methods like Bank Transfer, Skrill, Neteller, and even USDT TRC20 are available at FP Markets, while Plus500 is more limited. This comparison helps you decide based on your trading style, whether you are a beginner or an experienced retail trader in Sweden.
| Instrument | FP Markets | Plus500 | Winner |
|---|---|---|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Plus500 |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Plus500 |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Plus500 |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Plus500 |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $100 | $100 | Tie |
For Sweden traders, trading costs are a key factor. FP Markets offers spreads from 0.0 pips on its Raw account (with a $3 commission per lot per side) and from 1.0 pips on the Standard account (commission-free). Plus500 uses variable spreads that typically range from 0.6 pips on EUR/USD to 1.2 pips on GBP/USD, with no commission. For high-volume traders, FP Markets is cheaper due to lower raw spreads. For low-volume traders, Plus500 may be simpler but costs more over time. Swedish traders trading 10+ lots per month will save significantly with FP Markets.
| Account Type | FP Markets | Plus500 |
|---|---|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✗ | ✗ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $100 | $100 |
| Entity / Asset | FP Markets | Plus500 |
|---|---|---|
| Sweden (offshore) | Up to 1:500 | Up to 1:300 |
| Forex major pairs | 1:500 | 1:300 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
| Asset Class | FP Markets | Plus500 | Winner |
|---|---|---|---|
| Forex pairs | 90+ | 65+ | FP Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FP Markets |
| Crypto CFDs | 30+ | 20+ | FP Markets |
| Stocks / Share CFDs | 1,000+ | 1,700+ | Plus500 |
| ETFs | ✓ | ✓ | Tie |
| Platform | FP Markets | Plus500 |
|---|---|---|
| MetaTrader 4 (MT4) | ✓ | ✗ |
| MetaTrader 5 (MT5) | ✓ | ✗ |
| cTrader | ✓ | ✗ |
| TradingView | ✓ | ✗ |
| Expert Advisors (EAs) | ✓ | ✗ |
| Scalping allowed | ✓ | ✗ |
| Hedging allowed | ✓ | ✗ |
FP Markets offers the popular MetaTrader 4 and MetaTrader 5 platforms, plus its proprietary IRESS platform for advanced traders. These platforms provide advanced charting, automated trading via Expert Advisors (EAs), and custom indicators. Plus500 uses its own web-based platform and mobile app, which is intuitive and suitable for beginners but lacks advanced tools. For Swedish traders who value automation and technical analysis, FP Markets is the better choice. Plus500 is ideal for casual traders who prefer simplicity.
| Factor | FP Markets | Plus500 | Winner |
|---|---|---|---|
| Execution model | ECN/STP | True ECN | Plus500 |
| Avg execution speed | ~30ms | ~40ms | FP Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✗ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
FP Markets offers ECN execution with no dealing desk, ensuring fast order execution and minimal slippage. Plus500 uses a market maker model, which may lead to requotes or slippage during volatile markets. For Swedish traders who trade news events or scalping, FP Markets provides superior execution quality.
| Safety Factor | FP Markets | Plus500 |
|---|---|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
FP Markets is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 371/18, which allows it to operate across the EU, including Sweden. It also holds licenses from the Australian ASIC and other regulators. Plus500 is regulated by the UK Financial Conduct Authority (FCA), CySEC, and other authorities. Both brokers comply with Swedish financial regulations, including negative balance protection and client fund segregation. However, FP Markets offers additional protection via the Investor Compensation Fund (ICF) for EU clients, which covers up to €20,000 per client. Swedish traders can trade with confidence at both brokers, but FP Markets provides slightly stronger regulatory safeguards.
| Payment Method | FP Markets | Plus500 |
|---|---|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✗ |
| USDT / Crypto | ✓ | ✓ |
| Withdrawal time | 24 hours | 1 to 3 business day |
Sweden traders can deposit funds at FP Markets using Bank Transfer, Skrill, Neteller, and USDT TRC20, with no deposit fees and instant processing for e-wallets. Minimum deposit is $50 (or equivalent in SEK). Withdrawals are processed within 1-2 business days for e-wallets and 3-5 days for bank transfers. Plus500 supports Bank Transfer, credit/debit cards, and Skrill, but does not accept Neteller or USDT TRC20. Minimum deposit at Plus500 is $100. Withdrawals are processed within 3-5 business days. For Swedish traders who prefer crypto deposits (USDT TRC20) or multiple e-wallet options, FP Markets is the more flexible choice. Both brokers support SEK conversion, but FP Markets offers lower conversion fees.
| Islamic Account Feature | FP Markets | Plus500 |
|---|---|---|
| Swap-free available | ✓ | ✗ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
For Sweden Muslim traders seeking Sharia-compliant accounts, both FP Markets and Plus500 offer Islamic (swap-free) accounts. FP Markets provides Islamic accounts with no swap fees on all instruments, including forex, indices, and commodities, with no restrictions on holding periods. Plus500 offers swap-free accounts on request, but may apply fees after a certain period. FP Markets has a more transparent policy and is better for long-term Islamic trading. Swedish traders should contact support to activate these accounts.
| Support Feature | FP Markets | Plus500 | Winner |
|---|---|---|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FP Markets |
FP Markets offers 24/5 customer support via live chat, email, and phone, with Swedish language support available during business hours. Plus500 provides 24/7 live chat and email support, but phone support is limited. Swedish traders may find FP Markets more responsive, especially during European trading hours.
| Mobile Feature | FP Markets | Plus500 | Winner |
|---|---|---|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FP Markets |
| Google Play rating | 4.3 stars | 4.2 stars | FP Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✓ | ✗ | FP Markets |
| Resource | FP Markets | Plus500 | Winner |
|---|---|---|---|
| Video tutorials | 100+ videos | ✗ | FP Markets |
| Webinars (live) | ✗ | ✗ | Tie |
| Economic calendar | ✓ | ✗ | Tie |
| Market analysis | Daily | Basic | FP Markets |
Choose FP Markets if you...
Choose Plus500 if you...
For Sweden traders, FP Markets is the clear winner with a 4.7/5 rating vs Plus500's 3.7/5. FP Markets offers lower spreads, better deposit options (including Bank Transfer, Skrill, Neteller, and USDT TRC20), and superior platforms for active traders. Plus500 is suitable for beginners who want simplicity and regulatory safety. However, for Swedish retail traders who value cost efficiency, flexibility, and advanced features, FP Markets is the better choice. Both brokers are regulated and legal in Sweden, but FP Markets provides a more comprehensive trading experience tailored to local needs.