We found 11 online brokers that are appropriate for Trading Norwegian Krone Investment Platforms.
Norwegian Krone's exchange rate has remained an underdog against the Euro for at least two decades. What's wrong with Norwegian Krone? The downtrend is predicted to remain with no signs of ending, experts say. In 2019, the Norwegian Krone was at the lowest point against the Union's currency. Each Euro was valued at 10.18 Norwegian Krone, which was also Euro's all-time high towards Krone. Even now, Norwegian Krone is still weakening, and it seems to have no uptrend in the future. The weakness of the NOK was signed with the birth of the Euro as the Union's official currency.
Previously, the weakest Norwegian Krone was at 10.16 back in 2008. So far, the prediction of the continuously weakening NOK has been confirmed. These have also fixed the fact that the NOK has been historically low against the EUR. The exchange rate NOK/EUR has kept at a low throughout the dynamics in the region for the last twenty years. It means that the NOK has no chance of strengthening when they face the Euro head-to-head. It's one of few cases where the currency has kept low for two decades in the region.
The NOK was also at its weakest against USD for the same twenty years straight. Regardless of the tension between China and the USD, the NOK neither captures nor benefits from the strengthening dynamics. So, why doesn't the weakening NOK end? Does it have a chance to strengthen anytime in the future? The answer could be more shocking.
The sustained weak NOK or low exchange rate is bad news for many people. Norwegian citizens with Norwegian accounts would find their money less valuable when travelling abroad. As they're travelling to European countries with the Euro, their NOK can be exchanged for a smaller amount of Euro. At this point, a cup of coffee in the travel destination would be more expensive. In other words, Norwegian account holders have lower spending power when they bring their money to European countries with Euro currency.
This is the same when Norwegian account holders visit the US. They would have less spending power as they obtain less USD for their NOK budget. It applies to vacations or business trips. Even the flight tickets priced in USD are already more expensive in their perspective. However, the traveller may not feel the differences as the NOK has been weak for a long time.
The weak NOK could be good news, especially for the business sector. The weak currency helps stimulate businesses in the country. Thanks to business growth, the domestic employment rate rises. In the context of manufacturing business with domestic chain supplies, the industry becomes more competitive. As the products are exported to the European countries or the US, Norwegian products would be cheaper. People tend to buy more affordable products.
Norway has good job growth following the business growth even though the currency is weak. As the country's sovereign fund is listed in foreign currency, Norway is technically richer when its currency value is shrinking. On the other hand, people visiting Norway would find their travel costs are lower. The tourism sector can potentially benefit from the weak Norwegian Krone, but the global outbreak of COVID-19 has halted this potential to actualise. The tourism sector can contribute to the country's exports.
Norway's sovereign wealth fund reaches 10,000 billion Krone following the weakening NOK against the Euro and USD. However, it doesn't mean that the country is rich in terms of bilateral or multilateral trades. The stimulated domestic business boosts job growth, which is also the positive side of the weak NOK. The weak NOK isn't always bad news.
Different factors contribute to the weak Norwegian Krone. Brexit generated uncertainty in the region that caused a more inadequate exchange rate of the NOK. The tension between the EU and the UK sustains the low NOK even though Brexit has been decided. On the other hand, the weakening is worsened by international trade conflicts, especially the trade war between China and the US. The slow global recovery extends the inferior position of the Norwegian Krone. The trade war and global uncertainty contribute to its weakness.
Experts predict that the Norwegian Krone would experience additional weakening in the future because those factors are unresolved. The tension between the US and China, the EU, and the UK may experience ups and downs, but they would never actually end. The NOK is basically at the default weakening even though tensions among those parties are relaxed. Before entering the pandemic situation, the NOK was already predicted to weaken further in 2020.
We have conducted extensive research and analysis on over multiple data points on Weak Norwegian Krone to present you with a comprehensive guide that can help you find the most suitable Weak Norwegian Krone. Below we shortlist what we think are the best Norwegian Krone Investment Platforms after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Weak Norwegian Krone.
Selecting a reliable and reputable online Norwegian Krone Investment Platforms trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Norwegian Krone Investment Platforms more confidently.
Selecting the right online Norwegian Krone Investment Platforms trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:
Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.
When choosing a broker for Norwegian Krone Investment Platforms trading, it's essential to compare the different options available to you. Our Norwegian Krone Investment Platforms brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.
By comparing these essential features, you can choose a Norwegian Krone Investment Platforms broker that best suits your needs and preferences for Norwegian Krone Investment Platforms. Our Norwegian Krone Investment Platforms broker comparison table simplifies the process, allowing you to make a more informed decision.
Here are the top Norwegian Krone Investment Platforms.
Compare Norwegian Krone Investment Platforms brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a Norwegian Krone Investment Platforms broker, it's crucial to compare several factors to choose the right one for your Norwegian Krone Investment Platforms needs. Our comparison tool allows you to compare the essential features side by side.
All brokers below are Norwegian Krone Investment Platforms. Learn more about what they offer below.
You can scroll left and right on the comparison table below to see more Norwegian Krone Investment Platforms that accept Norwegian Krone Investment Platforms clients.
Broker | IC Markets | Roboforex | eToro | XTB | XM | Pepperstone | AvaTrade | FP Markets | EasyMarkets | SpreadEx | FXPro |
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Regulation | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) | RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund | FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 | FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) | Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 | Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland | Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), FSCA (FSP Number 50926), Capital Markets Authority (CMA), Securities Commission of the Bahamas (SCB) | Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) |
Min Deposit | 200 | 10 | 100 | No minimum deposit | 5 | 200 | 100 | 100 | 100 | 1 | 100 |
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Used By | 180,000+ | 1,000,000+ | 30,000,000+ | 935,000+ | 10,000,000+ | 400,000+ | 300,000+ | 10,000+ | 142,500+ | 10,000+ | 1,866,000+ |
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Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 | MT4, MT5, IRESS, Mac, Web Trader, Tablet & Mobile apps | MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, MT5, cTrader, Tablet & Mobile apps |
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Risk Warning | Losses can exceed deposits | Losses can exceed deposits | 76% of retail investor accounts lose money when trading CFDs with this provider. | 76-85% 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. | CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. | 74-89 % of retail investor accounts lose money when trading CFDs | 71% of retail investor accounts lose money when trading CFDs with this provider | Losses can exceed deposits | Your capital is at risk | Losses can exceed deposits | 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider |
Demo |
IC Markets Demo |
Roboforex Demo |
eToro Demo |
XTB Demo |
XM Demo |
Pepperstone Demo |
AvaTrade Demo |
FP Markets Demo |
easyMarkets Demo |
SpreadEx Demo |
FxPro Demo |
Excluded Countries | US, IR, CA, NZ, JP | AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, | US, IN, PK, BD, NG , ID, BE, AU | US, CA, IL, IR | AF, AS, AQ, AR, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, UY, VU, VG, EH, ES, YE, ZW, ET | BE, BR, KP, NZ, TR, US, CA, SG | US, JP, NZ | US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE | US, TR | US, CA, IR |
You can compare Norwegian Krone Investment Platforms ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.
We also have an indepth Top Norwegian Krone Investment Platforms for 2024 article further below. You can see it now by clicking here
We have listed top Norwegian Krone Investment Platforms below.
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