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Wikitoro author Wikitoro Team Written by Wikitoro Team
Wikitoro fact checker Mike Druttman Fact checked by Mike Druttman
Updated Feb, 2024

What You Need to Know

Drawing from my personal trading experience with eToro in Sweden, I've crafted this guide to cater specifically to the needs of Swedish investors. My journey, deeply rooted in Sweden's unique financial landscape, has equipped me with invaluable insights into effectively navigating this platform.

This guide, a product of extensive research and hands-on experience, is tailored to provide residents of this country with reliable, up-to-date, and safe strategies for successful trading. It's an embodiment of my dedication to sharing knowledge and expertise, aimed at empowering would-be investors in Sweden to make informed decisions in the dynamic world of online trading.

Key details for Sweden residents of eToro
πŸ‡ΈπŸ‡ͺ Accepts Swedish Traders βœ”οΈ
πŸ’° Minimum Deposit  $50
πŸ›οΈ Market Types Stocks, Commodities, Currencies, Indices, Crypto, ETFs
πŸ›οΈ Regulation Cyprus Securities Exchange Commission (CySEC)

Open an account!

76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

 

 

Regulation for Traders in Sweden

eToro provides trading opportunities to Swedish residents through eToro (Europe) Ltd., a financial entity regulated by the Cyprus Securities Exchange Commission (CySEC) under license #109/10. This license enables eToro to operate in Sweden, as well as other European countries.

No matter your location in Sweden - be it Skane, Vastmanland, Dalarna, Varmland, Jamtland, Sodermanland, Orebro, Norrbotten, or Blekinge - if you are of legal age, you can establish an account and explore trading opportunities with this regulated broker.

 

Does eToro Have an Office in Sweden?

Despite eToro not having a physical presence in Sweden, Swedish residents can still access their services seamlessly. eToro (Europe) Ltd., responsible for overseeing European operations, is headquartered in Cyprus. The address for this office is as follows:

eToro (Europe) Ltd.

4 Profiti Ilia Str., Kanika Business Centre

7th floor, Germasogeia, 4046

Limassol, Cyprus

 

eToro Sweden Phone Number

While eToro does not have a specific local phone line for clients in Sweden, there are several alternative methods to reach their customer service team:

  • Support ticket: After logging into your account, you can create a support ticket using the email address associated with your account. 
  • Live chat: Available 24/5 during weekdays, this option can be accessed for real-time assistance. 
  • Email: You can send a direct email to support@etoro.com without the need for a contact form.

Both the support ticket and live chat options can be found on the Customer Service Center page or by navigating to etoro.com/customer-service.

 

Platform in Svenska

eToro's trading platform offers flexibility, as it can be accessed either through a web browser or by downloading the dedicated app for Android or iOS (including iPhone and iPad) devices. Regardless of the chosen method, users can expect to find the same features and conduct all trading activities seamlessly across these platforms.

For those who prefer to navigate the platform in Swedish, there is an option to switch the language to their native tongue. To make this change, simply navigate to the Settings, select the General sub-menu, and find the option to choose your preferred language. Among the available options, both Swedish and Svenska are included, allowing for a more personalized user experience.

 

Deposit Options for Swedish Traders

Swedish traders looking to fund their eToro accounts have various deposit methods at their disposal. Please take note of the following available payment options for initial and subsequent deposits:

  • Credit/debit cards
  • Trustly
  • PayPal (only available after making your first deposit)

eToro conducts all its financial transactions in USD. As a result, any funds deposited in a different currency, such as EUR, will be automatically converted to USD. Please be aware that this conversion will involve a nominal fee, reflecting the cost of the currency exchange process.

 

Minimum Deposit for SE Residents

To commence trading with eToro, an initial deposit of $50 (approximately €46) is mandatory. This amount also applies to subsequent deposits, maintaining a consistent minimum requirement. However, if you opt to fund your account through a regular bank transfer, please note that a higher minimum deposit of $500 will be necessary.

 

Fees for Sweden Clients

eToro's fee structure for Swedish traders aligns with that for other nationalities. For instance, holding a CFD position open over the weekend incurs an overnight fee, applied at a standard rate, irrespective of the trader's country of residence.

 

Withdrawal Fees for Sweden Traders

When it comes to withdrawals, the minimum amount that can be taken out of an eToro account is $30. A fixed fee of $5 is levied on each withdrawal transaction, regardless of the amount being withdrawn. Whether you're cashing out $30, $100, or $500, the transaction fee remains constant at $5.

 

Trading Swedish Stocks on eToro

eToro provides access to a diverse range of leading companies based in Sweden, encompassing sectors such as financial services, telecommunications, mining, consumer goods, and real estate. Within the platform, you can find approximately 50 stocks listed on Nasdaq Stockholm (previously known as the Stockholm Stock Exchange). The selection includes, but is not limited to, the following companies:

  • Nibe Industrier AB Ser. B (NIBEB.ST)
  • Boliden AB (BOL.ST)
  • Evolution AB (EVO.ST)
  • Volvo AB ser. A (VOLV-A.ST)
  • Dometic Group AB (DOM.ST)
  • Atlas Copco AB ser. A (ATCO-A.ST)
  • Hennes & Mauritz AB, H & M ser. B (HM-B.ST)
  • Sandvik AB (SAND.ST)
  • Husqvarna AB Ser. B (HUSQB.ST)
  • Orron Energy AB (ORRON.ST)
  • Embracer Group AB (EMBRACB.ST)
  • Securitas AB ser. B (SECU-B.ST)
  • Ericsson, Telefonab. L M ser. A (ERIC-A.ST)
  • Swedbank AB ser A (SWED-A.ST)
  • Kinnevik AB Class B (KINVB.ST)
  • SKF, AB ser. A (SKF-A.ST)
  • Investor AB ser. A (INVE-A.ST)
  • Castellum AB (CAST.ST)
  • ASSA ABLOY AB ser. B (ASSA-B.ST)
  • Saab AB Ser. B (SAABB.ST)
  • Nordea Bank AB (NDA_SE.ST)
  • Telia Company AB (TELIA.ST)
  • Hexagon AB ser. B (HEXA-B.ST)
  • Kindred Group plc (KINDSDB.ST)
  • Tele2 AB Ser. B (TEL2B.ST)

It's essential to recognize that when trading actual stocks on eToro, leverage is not available. Positions involving leverage are treated as Contract for Difference (CFD) instead.

 

Trading Swedish Krona Currency Pairs

On the eToro platform, traders can access a wide variety of Forex instruments, encompassing opportunities to engage in currency pairings that feature the Swedish Krona. Examples of such pairings include USDSEK, EURSEK, and NOKSEK.

In addition to these Krona-related pairs, eToro provides a comprehensive selection of more than 50 Forex trading options. These give traders the ability to place Buy or Sell orders strategically, allowing for adaptable and personalized approaches to navigating the complex landscape of the currency market.

 

Registration for SE Residents

For Swedish residents, the signup process with eToro is consistent with that for traders from other countries. Initially, you will be asked to provide a desired username, email address, and password.

It's essential to carefully review and accept the financial terms, disclosure statement, and services guide of eToro Europe Ltd. As a regulated entity under CySEC, this institution is authorized to provide trading services in your region. Acceptance of these terms is a crucial step to ensure alignment with the appropriate legal and regulatory framework.

 

Top eToro Swedish Traders

Currently, some of Sweden's most distinguished traders are part of the eToro Popular Investor program. These traders have maintained a risk score ranging from 4 to 5, with the most experienced among them actively trading since 2013.

Top Swedish Traders on eToro
Trader Username Popular Investor Level
Ingvar Rueckemann @ingruc Elite β˜…
Jonas Barrelov @jonasbarrelov Champion β˜…
Jörgen Barrelöv @jorbar6 Champion β˜…
Jonathan Bernhardt @jonathanthe Cadet β˜…

 

eToro Sweden Stats

According to eToro's Q4 2022 Investor Update, released in March 2023, the platform reported a total of 2.8 million funded accounts as of December 31, 2022. Of this figure, a significant 71% belonged to traders from the UK and Europe, a geographical area that includes Sweden. This data illustrates the extensive reach and popularity of eToro within these regions.

 

Frequently Asked Questions (FAQ)

Can residents of Sweden use eToro for trading?

Yes, eToro is available to citizens and residents of Sweden, allowing them to engage in online trading. As part of its global reach, eToro extends its services to many countries, Sweden being one of them. Swedish traders have the opportunity to register with eToro, fund their accounts, and explore trading across various assets.

What are the fees on eToro if I am from Sweden?

Like in other regions, eToro's fee structure remains consistent across various countries, encompassing charges such as trading fees, withdrawal fees, conversion fees, and inactivity fees. For instance, a standard withdrawal fee of $5 applies to all users, irrespective of their country of residence. This uniformity in fees reflects eToro's commitment to providing a transparent and consistent experience for all its traders.

How do I open an eToro account in Sweden?

Opening an eToro account for residents in Sweden can be done through the following process:

Visit eToro's official website (www.etoro.com) and select the "Join Now" option.

Fill in the required fields with a chosen username, password, and your email address.

Confirm your email by clicking the verification link sent by eToro to your provided email address.

Complete the necessary details on the eToro application form, including your physical address and date of birth.

Submit a scanned copy of a government-issued ID to authenticate your account.

Take note: This broker may request further documents or details to fulfill identity verification or align with legal regulations. It is advisable to thoroughly review and acknowledge eToro's terms and conditions prior to finalizing the account creation.

What documents do I need to verify my eToro account in Sweden?

For Swedish residents verifying their eToro account, the following documents are typically required:

Government-issued ID: This can include a driver's license, national ID, or passport.

Proof of address: A document displaying your name and address, like a utility bill or bank statement.

Payment method proof: If using a card or e-wallet, a copy or screenshot may be required.

Selfie: They might also request for a selfie with your ID or a specific code.

Ensure the documents are clear and consistent with your account information. The process may take a few days, and additional documentation might be requested by eToro.

What can I trade on eToro if I am from Sweden?

For those utilizing eToro in Sweden, the platform presents an expansive array of trading options. Traders have the opportunity to explore and invest in over 3000 different assets, encompassing categories such as foreign exchange (forex), commodities, stocks, market indices, cryptocurrencies, and exchange-traded funds (ETFs).

Does eToro offer demo accounts in Sweden?

Yes. In Sweden, after successfully opening a live trading account with eToro, traders have the opportunity to access a free demo account. This feature allows users to practice and familiarize themselves with the platform's tools and functionalities without risking real funds.

How can I find successful Swedish traders to copy on eToro?

For those looking to emulate successful eToro traders based in Sweden, the platform's CopyTrader feature is a valuable tool. By navigating to this feature and adjusting the search filter to target Swedish traders, users can further refine their search. Parameters such as trading style, performance, risk score, and others can be tailored to find traders that align with individual preferences and investment goals. This customization offers a more personalized and strategic approach to selecting traders to copy.

What trading platforms does eToro offer in Sweden?

eToro provides multiple platform options for traders based in Sweden, ensuring a seamless trading experience. These include the web-based platform, easily accessible through most web browsers, and the mobile app, compatible with devices running on Android or iOS. These various access points offer Swedish traders the flexibility to engage with the eToro platform in a way that best suits their needs and preferences.

 

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Wikitoro author Wikitoro Team About Wikitoro Team

The Wikitoro Team is a dynamic group of five seasoned eToro traders who have been actively using the platform since 2018. As pioneers in establishing the Wikitoro wiki site, we are dedicated to ensuring the accuracy and reliability of the information we provide. Our team regularly verifies data and content from our authors and contributors, taking turns to meticulously review each piece. Our commitment is to offer our readers factual and precise information, reflecting our extensive experience and deep understanding of the eToro platform.

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