Forex Brokers in Sweden
Sweden may not be an impressively-sized market population-wise, but it is certainly one of the international Forex trading powerhouses. The interest in the country for this particular type of investment-vehicle has always been great and that is truer now than ever before. Every truly engaged international Fx operator has its sights set on Sweden, and thus it is prepared to navigate its regulatory waters. The fact that on a GDP per capita basis, Sweden is one of the richest countries in the world, goes a long way towards explaining why Fx trading is such a popular option there.
A steadfast member of the EU, Sweden never felt the need to give up the flexibility and sovereignty that are provided by its own currency, the Swedish krona. About 2.3% of all Forex market activity is linked to the Swedish krona one way or the other. To actually trade the krona, one doesn’t have to use a Swedish-licensed or Sweden-based broker though.
As an EU member, Sweden allows forex brokers licensed by any EU-based authority to advertise and to offer financial services to the Swedish public. The top regulatory agency of the country is the FSA (Financial Supervisory Authority of Sweden), and its licensing requirements are rather strict. Needless to say, any corporate entity licensed by the FSA has the right to offer financial services all over the EU.
The FSA has been known to crack down on unlicensed brokerages peddling various dubious offers from time to time. In 2014 for instance, they put the Clearskies Group Ltd out of business.