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Kvarn X FI review

Updated September 28, 2026 · SumCue Editorial Team · Facts checked September 26, 2026

We earn a commission when you sign up through links on this site. Partner status can affect where a brand appears in our rankings. Partners with a live offer in your country come first, then every other brand by score.

Our verdict

Kvarn X FI is a custodial crypto exchange based in Finland, holding a MiCA licence, and it suits people who want coins, shares and ETFs in a single app. Trading fees run 0.1% to 0.8% for both makers and takers, and the account fee is €0, so costs stay easy to predict.

Key facts

Best for
A single account for crypto, shares and ETFs, with an account fee of €0.
Taker fee
0.1% to 0.8%↗
Coins listed
from 350↗
Regulators
Finanssivalvonta (FIN-FSA)↗
Maker fee
0.1% to 0.8%↗
Exchange type
Cex↗
Legal entity
Kvarn Capital Oy↗
Headquarters
Finland↗
Support channels
Help-centre↗
Features
Custodial, Staking
Official website
kvarnx.com

Brokers

Account fee
€0↗
Markets
Stocks, ETFs, Crypto↗
Investor protection
EU ICS up to EUR 20,000↗
Platforms
iOS, Android↗
Pricing model
Low fees

Facts checked September 26, 2026, 5 sources

Apps and profiles

Get the app
Google Play
Elsewhere
WikidataLinkedInXfacebook.com

Pros and cons

Pros

  • Trading fees run 0.1% to 0.8%, the same rate whether you make or take an order, so there is no second rate to learn
  • The account fee is €0, so there is no monthly charge to hold an account open
  • A MiCA licence, MiCA CASP 9845009F15A5B9FD7F45, supervised by FIN FSA and Finanssivalvonta (FIN FSA) in Finland
  • A single account covers stocks, etfs and crypto, with staking available on the crypto side

Cons

  • Support runs on help centre only, with no phone or live chat line listed
  • Custody is custodial, so Kvarn X FI holds the keys rather than you
  • Protection stops at EU ICS up to EUR 20,000, so larger balances sit outside the scheme
Kvarn X FI

Ready to try Kvarn X FI?

Scored 9.1 / 10 by SumCue.

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Who it suits

  • People who want crypto, shares and ETFs in a single app rather than juggling separate platforms
  • Newcomers who prefer a flat account with no monthly charge and staking on the side
  • EU residents who put weight on a named regulator and a stated protection scheme

Who should look elsewhere

  • If you need live phone or chat contact, bunq or eToro may suit you better, since Kvarn X FI lists help centre only
  • For self-custody, bunq or Vivid Plus are worth a look, because Kvarn X FI is custodial

Safety of your money

The platform is supervised in Finland by FIN FSA and Finanssivalvonta (FIN FSA), and its crypto licence is listed as MiCA CASP 9845009F15A5B9FD7F45. Supervision by a named national authority means a complaint has somewhere to go, while the licence id pins the permission to a single entity rather than a trading name. The licence also confirms the platform is authorised to offer crypto services rather than simply describing them.

Who runs it

The operator is Kvarn Capital Oy, registered in Finland. That same entity appears on the crypto licence as MiCA CASP 9845009F15A5B9FD7F45, so the company holding your money is the company the regulator licensed. Contact runs through help centre, which is where to start with any question about deposits, withdrawals or fees, and where to keep a written record of the answer.

How Kvarn X FI compares

Where Kvarn X FI is available

Available
Denmark, Finland, Norway, Sweden
Licence in Finland
FIN-FSA, checked September 26, 2026
Licence in Finland
Finanssivalvonta (FIN-FSA) (MiCA CASP 9845009F15A5B9FD7F45), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does it cost to trade on Kvarn X FI?+

Trading fees run 0.1% to 0.8%, and the same rate applies whether you make or take an order, so there is no separate maker and taker spread to learn. The account fee is €0, so holding the account costs nothing. Every trade pays the fee, which makes order size worth thinking about.

Is my money protected at Kvarn X FI?+

Investor protection is listed as EU ICS up to EUR 20,000, which is the ceiling the scheme covers. Anything held above that limit sits outside the scheme. Kvarn X FI holds the assets for you rather than letting you hold the keys yourself, so that ceiling matters more here than at a self-custody setup.

Who regulates Kvarn X FI?+

The platform is supervised by FIN FSA and Finanssivalvonta (FIN FSA) and its crypto licence is listed as MiCA CASP 9845009F15A5B9FD7F45. That is a MiCA licence, which is what EU rules require before a firm can offer crypto services to residents. You can use the licence number to find the entry in the regulator's register.

How many coins can I trade?+

The token selection covers from 350 coins, well above the site median for exchange listings of 74.5. A selection that size covers major coins and plenty of smaller ones, though it is not every token in the market. Check the token list before building a plan around a specific coin.

Can I buy shares and ETFs on the same account?+

Yes. The platform covers stocks, etfs and crypto, so crypto, shares and ETFs sit on the same account. That suits people who want a single balance across asset types instead of shifting money between separate brokers. It also means a single app to manage rather than several.

Which devices can I use?+

The apps cover iOS and Android, so a phone is the main route in and out of the account. That keeps trading simple, and the same app handles crypto, shares and ETFs. Anyone wanting more screen space for research should weigh that up before opening an account.

What are the risks of trading crypto here?+

Crypto prices move sharply, and the site median for retail accounts that lose money is 70.15%. A protection scheme with a ceiling, EU ICS up to EUR 20,000, does not cover market losses. Staking adds a second source of return, and a second source of risk.

How do I get help if something goes wrong?+

Contact runs through help centre, the only support channel listed. That is where to raise a question about a deposit, a withdrawal or a fee, and where to keep a written record of the reply. Anyone who needs to speak to someone should allow extra time for a written answer.

Sources

  • esma.europa.eu/sites/default/files/2024-12/CASPS.csv checked September 26, 2026

    Backs: Headquarters, Legal entity, Licences

    “ae_homeMemberState=FI”

  • kvarnx.com/en checked September 26, 2026

    Backs: Markets, Platforms

    “From Stocks & ETFs to crypto - buy, sell, and manage it all in one place”

  • kvarnx.com/en/invest checked September 26, 2026

    Backs: Investor protection

  • kvarnx.com/en/pricing checked September 26, 2026

    Backs: Account fee, Maker fee, Pricing model, Support channels, Taker fee

    “Kvarn X account - Opening a Kvarn X account is free of charge”

  • kvarnx.com/en/token-selection checked September 26, 2026

    Backs: Coins listed, Exchange type, Features, Regulators

    “350+ cryptocurrencies - Kvarn X account, Crypto Trading”

Compiled from 5 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Fiat deposit methods.

Kvarn X FI

Kvarn X FI

A single account for crypto, shares and ETFs, with an account fee of €0.

9.1/10See alternatives