Nordnet DK review

Interest is credited quarterly at 0.25% and the rate type is variable, so the figure can change. Across the site the median is 3%, which is worth weighing if the balance is large. There is no binding period, so the money can be taken out whenever you like.

The monthly fee is DKK 0 and the minimum deposit is DKK 0, so a small balance can sit there without an account charge. You can pay money in and take it out whenever you like, and there is no lock-in, so holding costs do not build up while you decide.

Deposits are covered by EU DGS up to EUR 100,000, and investments fall under EU ICS up to EUR 20,000. The account is run by Nordnet Bank AB (Danish branch, CVR 32301908), and the firm lists Finansinspektionen (Swedish Financial Supervisory Authority) and Finanstilsynet (Danish Financial Supervisory Authority) as its supervisors. Cash and investments therefore sit under separate protection schemes with different limits.

The platform lists stocks, etfs and funds, so shares, funds, bonds and listed derivatives are all on the same account. By comparison, CFI covers stocks, etfs and forex, which adds forex and CFDs to the list if you need currency trading.

Yes. You can pay money in and take it out at any time without a charge, there is no lock-in period, and the account kind is listed as easy access. Interest is credited quarterly, so leaving early costs nothing extra. That makes it a practical place to hold cash while you build a portfolio.

The managed fund charges 0.49% to 0.51%. Portfolios can be built from etf, cash and crypto, so an ETF led approach is possible alongside a cash holding. The management fee sits on top of an account with a DKK 0 monthly fee, which is a fair trade for hands off investing.

The legal entity is Nordnet Bank AB (Danish branch, CVR 32301908), a Danish branch of a Swedish group founded in 1996. The headquarters are listed as DK and the firm is supervised by Finansinspektionen (Swedish Financial Supervisory Authority) and Finanstilsynet (Danish Financial Supervisory Authority), so a named authority watches the Danish branch.

Support runs on email, help centre and phone, so phone, chat, email and a help centre are all open, and the monthly fee is DKK 0, so keeping the account open costs nothing. The help centre and the phone line cover both the cash and the dealing side for a Danish customer.