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Avanza
Avanza Bank Holding |
  SEK |  %   SEK
Avanza Bank Holding |
  SEK |  %   SEK

Swedish savers offered record-cheap trading with American stocks

The interest among Avanza's customers for American stocks has increased by more than 50 percent in the last year. Avanza's customers now have over SEK 2.1 bln invested in American stocks. The most popular shares are Apple, Google and Coca-Cola. With today's price reduction Avanza continues to put pressure on transaction fees and offers the lowest fees in Sweden on trading American stocks, which can be traded through Avanza's online platform.

“Our ambition is to continue putting pressure on transaction fees for the benefit of Swedish savers. The interest for American stocks is increasing and with higher volumes, we can continue to lower transaction fees. For the growing number of savers  interested in trading in American stocks there is a lot of money to be saved by doing it through us rather than the larger banks”, says Martin Tivéus, Managing Director of Avanza.

Fee comparison 2014-03-27 (source: the webpage of each bank):

Minimum fee Floating fee Can be traded online Additional foreign fees Additional account fees
Avanza SEK 84
(12,95 USD)
0,12% Yes No No
Nordea SEK 199 0,01-0,55% Yes Yes Yes – SEK 2 000 per year
SHB SEK 400 0,65% No
Skandiabanken SEK 499 0,40% No
Swedbank SEK 900 0,65% No Yes Yes – SEK 1000 per year
SEB SEK 950 0,65% No Yes Yes – SEK 400 per year

The 10 most popular American stocks amongst Avanza customers right now:

  1. Apple Inc.
  2. Google
  3. The Coca-Cola Company
  4. Berkshire Hathaway
  5. Tesla Motors
  6. Facebook
  7. Netflix
  8. Citigroup
  9. Microsoft
  10. McDonald´s