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Avanza: Swedish accounts, share dealing, currency balances and trading services

A detailed Sweden-service profile of Avanza’s AF, ISK and capital-insurance accounts, ordinary and Pro tariffs, foreign-currency handling, collateral lending, platforms and withdrawals.

By Editorial deskOperating status: ActiveSources checked Published Updated

Avanza combines Swedish investment accounts with share and fund dealing, collateral lending and a separate capital-insurance service. The important first choice is the account wrapper: it changes ownership, tax administration, currency handling and withdrawal rules. Commission class and Pro status are further choices layered onto the account.[2][3]

Account comparison01

Account and service routes at a glance

Account and service routes at a glance
Account / serviceContract and customer scopePlatform and principal condition
Aktie- och fondkonto (AF)Avanza Bank AB — Sweden service; accepted applicants; retail clientsAvanza web / apps. Tax and product permissions depend on the customer and instrument. Commission class is a separate pricing choice.Source 2Source 1
Investeringssparkonto (ISK)Avanza Bank AB — Sweden service; individual eligibility; retail clientsAvanza web / apps. The statutory allowance is shared across qualifying wrappers and providers; product restrictions apply.Source 3Source 1
Kapitalförsäkring (KF)Försäkringsaktiebolaget Avanza Pension — Sweden service; insurance eligibility; retail clientsAvanza web / apps. Insurance eligibility, beneficiary instructions, product charges and redemption rules must be considered together.Source 44Source 43

Accounts and legal counterparties

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At a glance02

What each account is for

What each account is for
AccountStructurePractical distinction
Aktie- och fondkonto — AFOrdinary securities account; individual and joint ownership supported.Direct ownership and voting rights; realised gains, dividends and fund holdings have their applicable tax treatment.Source 2
Investeringssparkonto — ISKIndividual investment account with standardised Swedish taxation.You own the securities. Eligible listed investments are allowed; unlisted securities and share shorting are excluded.Source 4
Kapitalförsäkring — KFCapital-insurance policy.Avanza Pension owns the custody account; the policyholder has a claim corresponding to the insurance value.Source 43
Savings and pension accountsSeparate cash savings, IPS, pension insurance and occupational-pension offerings.The account-fee schedule covers these too; their access and withdrawal rules differ from an ordinary dealing account.Source 5
At a glance03

Bank and insurer have different roles

Bank and insurer have different roles
ProviderRole in this profile
Avanza Bank ABFI’s named register confirms an active bank with securities permissions; its corporate identity is 556573-5668.Source 1
Avanza PensionThe policy contract names the insurer and Avanza Bank as custody provider. Bank authorisation should not be read as verification of every insurance permission.Source 43
At a glance04

Opening and residency conditions

Opening and residency conditions
SituationPublished rule
New individual customerBankID is required. Avanza says it cannot substitute a physical identity-document check at a branch.Source 29
US personNew securities accounts are unavailable to US residents, US citizens including dual citizens, and others with US tax/reporting liability.Source 30
Resident outside SwedenNew ISK and KF accounts are unavailable. Existing customers moving abroad must update residence and tax documentation; moving to the US restricts securities dealing.Source 31Source 32
Private KF applicantThe pre-purchase document requires Swedish residence and tax residence, a Swedish personal/coordination number and an account at another Swedish bank.Source 44
At a glance05

Account fees and the 2026 tax distinction

Account fees and the 2026 tax distinction
ItemWhat applies
Core account tariffAF, ISK, KF and the listed savings/pension accounts show zero annual, percentage account, deposit and account-management charges, with no stated minimum deposit. Product and service charges remain separate.Source 5
Swedish 2026 allowanceSEK 300,000 is shared across qualifying ISK, KF and PEPP savings. It is not a separate allowance for each account or provider.Source 50
ISK above the allowanceFor income year 2026, the effective standardised tax rate is 1.065% of the relevant taxable capital base. Tax depends on the statutory base rather than realised trading profit.Source 50

An AF-to-ISK securities transfer is treated as a disposal for Swedish tax purposes and also affects the ISK capital base. An own-ISK-to-own-ISK transfer is treated differently. Moving existing positions is therefore a separate decision from choosing where to place new cash.[4]

Ordinary dealing prices

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At a glance06

Stockholm share commissions — online ordinary classes

Stockholm share commissions — online ordinary classes
ClassVariable rateMinimum per commission event
Start0%SEK 0; eligibility and market exclusions below.Source 6
Mini0.25%SEK 1Source 6
Small0.15%SEK 39Source 6
Medium0.069%SEK 69Source 6
Fast Pris0%SEK 99 flatSource 6
At a glance07

Start eligibility and its exit rule

Start eligibility and its exit rule
ConditionConsequence
Never previously reached SEK 50,000 in combined savingsStart is a restricted introductory class. Reaching that balance or exceeding 500 free trades within 12 months triggers Mini; Start cannot then be reselected.Source 6
Market and instrument coverageThe free share tariff applies to Stockholm. First North and other products/markets use the applicable Mini tariff.Source 6
At a glance08

US securities commissions — online ordinary classes

US securities commissions — online ordinary classes
ClassVariable rateMinimum in USD
Start / Mini0.25%1Source 8
Small0.15%6Source 8
Medium0.089%8Source 8
Fast Pris0.079%12Source 8

The foreign tariff provides online dealing for North America, the Nordics and specified European markets including the UK and Switzerland. Austria, Australia and Hong Kong are listed as broker-assisted routes. Local taxes, receipt charges and currency conversion can add to commission.[8]

At a glance09

Other Swedish products and charges

Other Swedish products and charges
Product or servicePublished ordinary tariff / limitation
Ordinary fundsNormally zero online brokerage; the fund’s own charges remain. Specified Brummer funds have a 1% purchase charge. ETFs use the dealing tariff.Source 7
Share and index optionsStart/Mini 0.80%, Small 0.75%, Medium 0.70%, Fast 0.60%; online minimum SEK 49. Clearing is additional.Source 7
Index futuresStart/Mini SEK 20, Small SEK 18, Medium SEK 17, Fast SEK 15 per contract; minimum SEK 49. Clearing adds SEK 3.50 per contract.Source 7
Overnight short stock loanSEK 199 loan charge, plus stock-borrow interest; the tradable stock and quoted borrow rate require confirmation.Source 7

For ordinary orders, multiple fills can share one commission when they belong to the same order, day, security and direction. A new order or trading day can create another charge. US/Canadian orders cannot be amended: cancellation and replacement can therefore change the commission outcome.[8]

Private Banking and Pro

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Private Banking starts at SEK 3 million combined savings and requires contacting Avanza for the upgrade.[6]

At a glance10

Private Banking: Stockholm and First North shares

Private Banking: Stockholm and First North shares
ClassVariable rateMinimum SEK
PB Mini0.15%1Source 12
PB0.055%59Source 12
PB Fast Pris0%99Source 12
At a glance11

Pro service and the cost of staying eligible

Pro service and the cost of staying eligible
FeatureCondition or effect
Pro 1 qualificationPublished entry level is SEK 2,000 paid commission per month. Status is reviewed quarterly; if activity is insufficient, ordinary pricing and changed add-on fees can follow.Source 9
Service scopeDedicated brokers, more advanced order handling and assistance with products such as unlisted shares and bonds. Access still depends on the instrument and permissions.Source 9
Swedish share dealingPro tariff starts at 0.034% with a SEK 49 minimum, with lower individually agreed levels possible.Source 10
US and Canadian dealing0.069%; minimum USD 6 for US securities and CAD 7 for Canadian securities.Source 11
Order aggregationPro combines executions across up to three price levels per security, day and direction. TWAP/VWAP fills beyond three levels can produce additional commission events.Source 10
At a glance12

Large-portfolio fund rebate

Large-portfolio fund rebate
RequirementHow the service works
At least SEK 25 million in fundsThe dedicated PB fund-rebate page sets this higher threshold; Private Banking status alone does not establish eligibility.Source 13
Eligible funds and accountsAvanza’s own funds, specified private-markets funds and funds without a distribution agreement are excluded. Individual eligibility covers ISK, KF and occupational pension; legal entities use AF or KF.Source 13
PaymentAvanza calculates qualifying fees and returns the rebate quarterly. It reduces part of the distribution compensation rather than making every fund free.Source 13

Currency accounts, conversion and settlement

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At a glance13

Manual foreign-currency access

Manual foreign-currency access
Account / functionPublished rule
AFManual currency accounts can be requested through a signed-in message.Source 17
KFAvailable to Private Banking and Pro customers.Source 17
ISKThe FAQ describes automatic conversion on ISK; its manual-currency service is scoped to AF and eligible KF accounts.Source 17
CurrenciesCAD, CHF, DKK, EUR, GBP, NOK and USD. Activated balances can hold sale proceeds and dividends.Source 17
Funds versus ETFsOrdinary funds always convert automatically; eligible foreign-currency ETF dealing can use the currency balance.Source 17
Negative balancesNegative currency positions require approved credit and are permitted only on AF. Currency collateral requirements also apply.Source 17
Exchange hours and value datesManual exchange: trading days 08:30–22:30, Swedish local time. USD/CAD settle in one bank day; the other listed currencies in two.Source 17
At a glance14

Currency charges — keep the charging direction explicit

Currency charges — keep the charging direction explicit
RoutePublished pricing and qualification
Ordinary automatic conversion0.25% markup per direction; purchase and subsequent sale usually involve two conversions.Source 8
Manual conversion0.125% markup per direction, added to the existing market spread. Reusing the same currency balance avoids a fresh conversion on each securities trade.Source 8
Pro automatic conversionThe tariff states 0.125% each way, but its worked EUR example implies 0.25% each way. This is an unresolved inconsistency; confirm the execution quote instead of relying on the example.Source 11
Pro foreign dividendsThe same Pro tariff separately states 0.25% per-direction dividend conversion. Activated local-currency balances receive the local currency.Source 11

A security can be sold before the cash is available for withdrawal without borrowing. Avanza’s settlement FAQ distinguishes one bank day for US/Canadian shares and two for Sweden/Europe. Moving or withdrawing the proceeds earlier can incur debit interest. Its numerical example uses an illustrative rate; the current interest schedule is a separate check.[21]

Borrowing, shorting and derivatives permissions

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At a glance15

Securities-credit interest — public schedule checked 10 October 2026

Securities-credit interest — public schedule checked 10 October 2026
Bronze benefit level: AF, ISK or KFNominal annual rateEffective annual rate
Rebate level 11.28%1.29%Source 51
Rebate level 22.32%2.34%Source 51
Rebate level 33.53%3.59%Source 51
Ordinary securities credit6.68%6.89%Source 51
At a glance16

What controls a credit rebate

What controls a credit rebate
TestRule
Level 1Borrowing no more than 10% of eligible investment value, capped at SEK 3 million for this rate.Source 24
Levels 2 and 3Maximum 25% and 50% respectively of eligible investment value; the rate tiers are not cumulative allowances.Source 24
DiversificationAt least three approved shares, or one qualifying fund/ETF. An individual security other than funds/ETFs cannot exceed 49% of qualifying holdings.Source 23
Disqualifying positionsOptions, futures and short sales prevent the stated rebate. Concentration or excessive borrowing can move the loan to the ordinary rate.Source 23
At a glance17

Cash balances do not all repay debt in the same way

Cash balances do not all repay debt in the same way
AccountDebt operation
AFWith approved credit, a negative account cash balance is the amount currently borrowed.Source 22
ISKA linked credit account funds a shortfall. Sale proceeds remain in the investment wrapper rather than automatically repaying the credit account each evening. Repayment therefore needs attention.Source 4
KF year-end sweepAvailable policy cash is automatically applied against the linked credit-account debt at year-end. During the year the policy and loan can both carry balances.Source 42
At a glance18

Credit breach and forced-sale consequences

Credit breach and forced-sale consequences
IssueOperational consequence
Changing collateral valueThe permitted loan is limited by both the credit limit and current collateral values; the customer must keep the account within them.Source 25
Uncorrected overborrowingAvanza says securities will be forcibly sold and a charge applied. The FAQ does not provide a guaranteed grace period.Source 26
Contractual enforcementThe custody agreement allows collateral realisation when obligations are not met. Advance notice is qualified by practicability and the bank’s interests; the bank can choose the collateral order.Source 47
Administrative costsThe tariff lists SEK 99 for overdraft/overborrowing/collateral shortfall and SEK 800 forced-sale service charge, excluding broker commission; forced fund sales have a separate SEK 99 charge.Source 16
At a glance19

Permissions for short sales and options

Permissions for short sales and options
ActivityAccount and approval requirements
Short sellingAF only; approved securities credit and a separate electronically signed short-selling agreement.Source 27
OptionsAF or ISK; approved credit, options agreement and a knowledge test. ISK options also require approved AF credit because a resulting short-share position cannot remain on ISK.Source 28
Writing optionsRequires the relevant options knowledge test plus the short-selling knowledge test.Source 28

Platforms, market data and listed trading products

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At a glance20

Platform and service choices

Platform and service choices
ServiceCapability / recurring cost
Web and mobileOrdinary online order entry; Pro documents additionally describe limit, stop, trailing-stop, hidden and fill-and-kill handling. Availability depends on market and product.Source 9
InfrontWindows desktop order entry, intraday/historical charts, portfolio updates, alerts and Excel Live Link. Mac use requires a Windows virtualisation solution.Source 14
Infront base subscriptionSEK 999/month for ordinary benefit levels, SEK 699 PB, SEK 399 Pro 1; included for Pro 2 and higher.Source 14
Base market coverageNordic shares excluding Oslo, five order-book levels and Direkt news. Additional exchange packages are separate subscriptions.Source 14
Knowledge checksInstrument tests already passed with Avanza carry through to Infront; installing the application does not itself grant new product permissions.Source 14
At a glance21

Selected ordinary add-on prices

Selected ordinary add-on prices
ServicePublished cost
Nordic, Nasdaq and NYSE real-time quotesSEK 0 in the ordinary benefit-level schedule.Source 15
Canadian real-time quotes, excluding CSESEK 125/month.Source 15
K4 tax-report serviceSEK 0 annually.Source 15
Email and app alertsSEK 0; the schedule separately retains SEK 1.99 per SMS for non-selectable SMS services.Source 15
Optional researchSME Direkt SEK 99/month; Börsdata Pro+ SEK 499/month; Simply Wall St SEK 99/month.Source 15
At a glance22

Avanza Markets exposure

Avanza Markets exposure
Product familyWhat the public material establishes
Bull/Bear certificates, mini futures and turbosListed products offered with issuer Morgan Stanley & Co. International plc. Their specific terms determine leverage, financing and termination.Source 36
TrackersDesigned to follow an underlying asset, such as gold, without the multiplier used by leveraged certificates. Actual trading prices and costs still depend on the instrument.Source 37
Commission-free thresholdQualifying Avanza Markets orders of at least SEK 1,000 on the website, apps or Infront are commission-free under the tariff. Smaller and telephone orders use the applicable dealing charge.Source 10

Capital-insurance features that change the account decision

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At a glance23

KF benefits, costs and account control

KF benefits, costs and account control
FeatureImportant condition
Death benefitPolicy value plus 1%; the extra protection has an age-dependent risk premium. A zero account fee therefore does not mean zero insurance cost.Source 42
BeneficiariesPrivately held KF supports a beneficiary designation; company-owned KF does not. Changes require a signed instruction, not a will.Source 42
Foreign withholding-tax recoveryRecovered tax is credited to the same still-open KF. Avanza Pension does not guarantee full recovery.Source 42
Cooling-offThe policy terms provide 30 days from inception. Repayment is adjusted for investment-value changes and applicable charges.Source 44
At a glance24

KF stock lending

KF stock lending
RuleCustomer consequence
ParticipationEligible KF holdings are enrolled automatically, with an opt-out. Despite one page sitting under an ISK URL, its text explicitly limits the service to capital insurance.Source 45
EconomicsCustomers receive 60% of lending compensation. Returns vary with demand and the holdings actually lent; they are not a fixed yield on the portfolio.Source 45
Counterparty and collateralAvanza Pension lends eligible Swedish shares to Morgan Stanley and describes collateral equal to 105% of lent-share value. Collateral reduces exposure but does not eliminate counterparty risk.Source 45
Access and paymentShares can still be sold. Compensation is paid monthly; closing the policy partway through a payment period can forfeit that payment.Source 45

Deposits, withdrawals and transfers

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At a glance25

Funding routes and timing

Funding routes and timing
MethodPublished operation
Swish / TrustlyFree direct deposits from another bank.Source 33
Ordinary bank transferUse the account’s clearing and account numbers; Avanza generally quotes one bank day.Source 33Source 34
Direct-deposit timingImmediate credit when processed; service hours are 07:00–23:00 non-holiday weekdays and 08:00–23:00 weekends, Swedish local time.Source 34
KF fundingThe policy accepts money rather than an in-specie transfer of securities. Funding is needed for the insurance to start.Source 42
At a glance26

SEK withdrawals — processing is separate from trade settlement

SEK withdrawals — processing is separate from trade settlement
Destination / timingPublished expectation
Account in your own namePre-register the receiving bank account to complete ownership checks sooner. Third-party withdrawals are unavailable.Source 19
Already approved accountRequested before 14:30 on a bank day: normally the same afternoon; later requests normally arrive the next bank day.Source 20
New, unapproved destinationBefore 05:30: normally the same afternoon; later requests normally take the next bank day. Larger withdrawals can require extra checks.Source 20
Receiving bankAvanza’s transfer schedule is not a guarantee of the recipient bank’s posting time. Holiday requests process on the next bank day.Source 20
At a glance27

Foreign-currency withdrawals and transfer charges

Foreign-currency withdrawals and transfer charges
RequestRule or standard administrative charge
AF foreign-currency withdrawalActivated currency, receiving account in your name at a bank in Sweden able to accept it. First use requires account evidence; provide IBAN, BIC, currency and amount.Source 18
KF foreign-currency withdrawalUnavailable: withdrawals are in SEK even when the policy has currency balances.Source 18
Standard website withdrawal / telephone requestSEK 0 / SEK 39.Source 16
Foreign-currency or express withdrawalSEK 499 per withdrawal; express requests must be made before 15:00.Source 16
Ordinary securities and fund transfersPublished transfer charge is SEK 0 for Swedish and foreign securities and funds. Receiving-provider or product restrictions can still matter.Source 16
DRS requestSEK 1,500 per completed or rejected DRS transfer.Source 16
At a glance28

KF withdrawal and closure restrictions

KF withdrawal and closure restrictions
ActionCondition
Partial redemption during year oneThe detailed rules allow it, retaining at least SEK 1,000 plus reserved policy tax. After one year the tax reserve still cannot be withdrawn.Source 42
Full redemptionAfter the first policy year; sell holdings and request closure after fees and taxes are settled.Source 43
Document inconsistencyThe February 2026 pre-purchase summary describes full/partial redemption after year one, but policy clause 6.2 expressly permits partial redemption during year one. The specific clause and detailed page support that earlier access.Source 44Source 43

Managed funds and cash savings

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At a glance29

Avanza Auto and the current savings service

Avanza Auto and the current savings service
ServiceStructure and conditions
Avanza Auto 1–6Six special funds, primarily investing in other funds, with ascending risk levels. Allocation and rebalancing are managed within the chosen fund; this is separate from a self-directed securities portfolio.Source 38
Starting amountsOne-off purchases from SEK 1; recurring monthly saving from SEK 100.Source 39
Auto fee discrepancyThe overview lists a 0.20% management charge and 0.35–0.40% total cost; the dedicated fee FAQ instead states 0.35% including underlying funds. Check the selected fund’s current key information document before treating either figure as its total cost.Source 38Source 40
Sparkonto+The external-partner savings service has closed. Avanza continues its own bank savings account; legacy partner-account descriptions do not establish current availability.Source 41

Cash protection, support and practical fit

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At a glance30

Protection follows the asset and legal relationship

Protection follows the asset and legal relationship
Asset / relationshipScope
Eligible bank depositsSwedish deposit protection is SEK 1,150,000 per person per institution from 1 January 2026, subject to scheme conditions. It is not multiplied by opening more accounts at the bank.Source 48
Custodied securitiesAvanza states customer securities are segregated from its own assets. If it cannot return qualifying assets in insolvency, the separate investor-protection limit is SEK 250,000 per customer/institution.Source 46Source 49
KF policy valueThe policyholder’s insurer claim and the insurer-owned custody account differ from personal bank deposits. The bank limits above should not be applied as a guarantee of the insurance value.Source 43
Investment performanceDeposit and investor-protection arrangements do not reimburse ordinary market losses. Collateral borrowing and listed product exposure still require their own risk assessment.Source 46
At a glance31

Published cash-savings rate

Published cash-savings rate
AccountRate checked 10 October 2026
Avanza savings account1.29% nominal annual interest; 1.30% effective annual interest. Variable-rate public schedule, separate from uninvested brokerage currency balances.Source 52
At a glance32

Support and complaints

Support and complaints
StagePractical route
Customer serviceUse a signed-in message or +46 8 409 420 00; supply the affected order, statement or transaction details.Source 35
Formal escalationRefer the case to Klagomålsansvarig through a signed-in message or post. State the requested correction and attach supporting records. The process is free.Source 35
Response and external reviewAvanza normally aims to respond within 14 days, advising if more time is needed. Unresolved cases can go to ARN or a court; independent guidance is available through Konsumenternas.Source 35

This profile is based on public tariffs, account documents and authority records checked on 10 October 2026. It does not claim hands-on testing of order execution, account approval, customer-service quality or withdrawal speed.

Company background & evidence

Sections ↑
Headquarters
Stockholm, Sweden
The companies behind the brand

Legal entities & licences

These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.

Avanza Bank AB

SwedenSource 1

Licences and regulatory records for Avanza Bank AB
Issuer & identifierRecorded statusDate & scope
FinansinspektionenFI institution reference 35171AuthorisedChecked 10 Oct 2026Named active bank register record with securities permissions. The institution reference identifies the firm; it is not a universal product licence.Source 1

Försäkringsaktiebolaget Avanza Pension

SwedenSource 43

No separate licence entry is recorded in this panel.

Follow the evidence

Sources & further reading

  1. FI company register: Avanza Bank AB Finansinspektionen · Accessed 10 Oct 2026
  2. Investeringssparkonto: ISK account Avanza · Accessed 10 Oct 2026
  3. Account fee schedule Avanza · Accessed 10 Oct 2026
  4. Ordinary brokerage commission classes Avanza · Accessed 10 Oct 2026
  5. Swedish securities dealing tariff Avanza · Accessed 10 Oct 2026
  6. Pro service and activity conditions Avanza · Accessed 10 Oct 2026
  7. Pro: Swedish dealing tariff Avanza · Accessed 10 Oct 2026
  8. Pro: foreign dealing and currency tariff Avanza · Accessed 10 Oct 2026
  9. Private Banking commission classes Avanza · Accessed 10 Oct 2026
  10. Withdrawals in a currency other than SEK Avanza · Accessed 10 Oct 2026
  11. How to request a withdrawal Avanza · Accessed 10 Oct 2026
  12. Withdrawal processing times Avanza · Accessed 10 Oct 2026
  13. Requirements for short selling Avanza · Accessed 10 Oct 2026
  14. Requirements for options trading Avanza · Accessed 10 Oct 2026
  15. US-person account-opening restrictions Avanza · Accessed 10 Oct 2026
  16. Account changes when moving abroad Avanza · Accessed 10 Oct 2026
  17. Deposit methods Avanza · Accessed 10 Oct 2026
  18. Deposit processing times Avanza · Accessed 10 Oct 2026
  19. Customer complaints and escalation Avanza · Accessed 10 Oct 2026
  20. How Avanza Trackers work Avanza · Accessed 10 Oct 2026
  21. Avanza Auto: six managed fund portfolios Avanza · Accessed 10 Oct 2026
  22. Avanza Auto: fee FAQ Avanza · Accessed 10 Oct 2026
  23. Sparkonto+ partner-service closure Avanza · Accessed 10 Oct 2026
  24. Capital-insurance stock-lending programme Avanza · Accessed 10 Oct 2026
  25. Skatteverket: ISK taxation and the 2026 allowance Skatteverket · Accessed 10 Oct 2026

This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.

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