DNB Markets
Finanstilsynet
Nordnet
FI (Sweden)
DNB Markets vs Nordnet
Head-to-Head Comparison 2026
Our Verdict
DNB, founded in 1822 and based in Oslo, is Norway's largest bank (rated 3.8/5) and trades stocks on Oslo Børs from 0.05% (minimum 59 NOK), internationally from 99 NOK — backed by the strong DNB Markets research department. Nordnet (4.2/5, Stockholm) is the specialised Nordic broker with markedly cheaper courtage (from 0 SEK on Nordnet Markets, otherwise from 39 SEK), Nordic options and broader market access. To invest with your Norwegian house bank and bundle banking with brokerage, choose DNB; for low kurtasje, more markets and trader tools, Nordnet is better.
Comparison Table
| Criteria | DNB Markets | Nordnet |
|---|---|---|
| Rating | 3.8/5 (900 reviews) | 4.2/5 (1400 reviews)✓ |
| Regulation | Finanstilsynet | FI (Sweden) |
| Fees | Stocks from 0.05% (min. 59 NOK) Oslo Børs, international from 99 NOK | Stocks from 0 SEK (Nordnet Markets), otherwise from 39 SEK per trade |
| Min. Deposit | 0 NOK | 0 SEK |
| Instruments | Stocks, ETFs, Bonds, Funds | Stocks, ETFs, Funds, Bonds, Options, Warrants |
| Platforms | DNB Web, DNB App | Nordnet Web, Nordnet App |
| Options Trading | No | Yes, Nordic options |
| Execution Speed | — | ~30 ms (Nasdaq Stockholm/Helsinki/Oslo Direct) |
| Founded | 1822 | 1996 |
| Headquarters | Oslo | Stockholm |
Detailed Comparison
Fee Comparison
DNB Markets: Stocks from 0.05% (min. 59 NOK) Oslo Børs, international from 99 NOK. Minimum deposit: 0 NOK.
Nordnet: Stocks from 0 SEK (Nordnet Markets), otherwise from 39 SEK per trade. Minimum deposit: 0 SEK.
Execution Quality
DNB Markets
No data available
Nordnet
Execution: ~30 ms (Nasdaq Stockholm/Helsinki/Oslo Direct)
Product Range
DNB Markets (4 categories)
Nordnet (6 categories)
Trading Platforms
DNB Markets
- DNB Web
- DNB App
Nordnet
- Nordnet Web
- Nordnet App
Regulation & Security
DNB Markets is regulated by Finanstilsynet (HQ: Oslo).
Nordnet is regulated by FI (Sweden) (HQ: Stockholm).
Who Is It For?
DNB Markets
Norway's largest bank with online stock trading and fund offering
✓ Norway's largest and most secure bank
✓ Good selection of Norwegian stocks and funds
✓ Strong research department (DNB Markets)
✗ High order fees compared to discount brokers
✗ Only available for Norwegian customers
Nordnet
Leading Scandinavian online broker for stocks, funds and savings plans
✓ Leading broker in the Nordic countries
✓ Free savings plans (Månadsspar)
✓ Access to Nordic and international markets
✗ Primarily focused on Scandinavian customers
✗ Fees for international stocks higher
In-Depth Analysis: DNB Markets vs Nordnet
Kurtasje and fees: Nordnet is the cheaper provider — stocks from 0 SEK on Nordnet Markets, otherwise from 39 SEK per trade. DNB charges from 0.05% of order value (minimum 59 NOK) on Oslo Børs and from 99 NOK internationally; the Norwegian word for commission is kurtasje. Foreign-currency purchases also incur a currency-exchange fee (valutaväxlingsavgift). Minimum deposit is 0 at both.
Accounts and tax: For Norwegian investors the ASK (aksjesparekonto) is central — this share-savings account lets gains from shares and equity funds be reinvested without tax falling due immediately; it is taxed only on withdrawal, which favors long-term saving. Swedish Nordnet customers know the analogues as the ISK (Investeringssparkonto, flat schablon taxation), the AF (aktie- & fondkonto, ongoing taxation of realized gains with loss offsetting) and the KF (kapitalförsäkring, a flat-taxed insurance wrapper); Denmark has the aktiesparekonto as a tax-favored share savings account. Which account fits depends on country of residence and time horizon.
Offering and profile: DNB covers stocks, ETFs, bonds and funds but offers no options; its strength is security, DNB Markets research and seamless banking integration. Nordnet additionally trades Nordic options and warrants and offers free savings plans via Månadsspar. Common question — is switching from DNB to Nordnet worth it? For active or cost-conscious investors, Nordnet noticeably lowers kurtasje and opens more markets; those who prefer the Norwegian house bank with personal banking stay with DNB.
Frequently Asked Questions
Is DNB Markets or Nordnet cheaper?
Which broker offers more products: DNB Markets or Nordnet?
Which broker is better regulated?
Is DNB Markets or Nordnet better for beginners?
DNB Markets vs Nordnet: Which broker is better overall?
DNB Markets
Norway's largest bank with online stock trading and fund offering
Open Account →From 0 NOK min. deposit
Nordnet
Leading Scandinavian online broker for stocks, funds and savings plans
Open Account →From 0 SEK min. deposit