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Avanza retained a SEK120m–150m pre-launch budget for Denmark while cutting the 2026 expense estimate. Reconstructing its disclosed 20% capitalisation rate shows why cash investment and reported cost are not the same measure.
The September notice specifies local authorisation and Google certification; the live policy reflects Chile’s terms but still describes Denmark in a broader EEA paragraph.
The current eligible-location list gives qualifying brokers another acquisition channel. Country permissions, Google certification and restrictions on affiliate destinations still determine who can use it.