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Sweden-based retail investors · fund and ETF investors · Nordic/European/US/Canada equity investors

U.S. self-directed stock/ETF investors · Options traders · Futures traders needing CME/ICE US/CFE access

Swedish Financial Supervisory Authority (Finansinspektionen / Swedish FSA)

FINRA/SEC/SIPC for Morgan Stanley Smith Barney LLC; NFA/CFTC for futures; FDIC for Morgan Stanley Private Bank deposits; NYDFS for Zero Hash crypto-related services disclosed by E*TRADE.

Company registration numbers: Avanza Bank AB (publ) 556573-5668; Avanza Bank Holding AB (publ) 556274-8458. Specific FI authorisation/license number not disclosed in reviewed sources.

Morgan Stanley Smith Barney LLC: CRD# 149777; SEC# 801-70103 and 8-68191. E*TRADE Futures LLC: NFA ID 0401545 from NFA BASIC search result.

Avanza Bank AB (publ), Swedish Reg. No. 556573-5668; Avanza Bank Holding AB (publ), Swedish Reg. No. 556274-8458; subsidiaries include Avanza Bank AB, Avanza Fonder AB and Försäkringsaktiebolaget Avanza Pension.

Securities and advisory services: Morgan Stanley Smith Barney LLC; commodity futures/options on futures: E*TRADE Futures LLC; banking: Morgan Stanley Private Bank, National Association; crypto commission charged by zerohash with Zero Hash NYDFS virtual currency business licenses noted on crypto page.

Not disclosed for the reviewed brokerage/margin products; manual FX FAQ indicates negative currency positions are possible on Aktie- och fondkonto with credit and margin requirements, so human review is needed before claiming negative balance protection.

No negative balance protection found; official margin/futures disclosures state customers may lose more than deposited funds and be liable for deficits.

Client cash/deposits are covered by Swedish deposit insurance up to SEK 1,150,000 per person/institution from 1 Jan 2026; investor protection covers securities/money handled in investment services up to SEK 250,000 if assets cannot be returned. Avanza's own account legal document states investor protection applies to financial instruments and gives an older deposit-guarantee figure, so current limit should be verified at publication time.

SIPC: up to $500,000 including $250,000 cash; excess of SIPC policy: $1B aggregate firmwide, $1.9M per client uninvested cash; FDIC: brokerage sweep up to $500,000 individual/$1,000,000 joint and bank deposits at least $250,000 or $500,000 for Premium Savings where conditions are met.

0 SEK stated as the account 'Insättningskrav' for listed account types on the account price list.

Brokerage accounts: no minimum funding requirements; Core Portfolios: $500 minimum; Premium Savings/Bank CD/Checking: $0 minimum opening deposit but must be funded within 90 days to remain open where disclosed.

Not applicable as a core disclosed broker spread because Avanza is primarily a share/fund/bank investment platform rather than a CFD/spot-FX broker; exchange-traded products may display market bid/ask spreads per instrument.

Not applicable as a primary pricing metric for this U.S. securities/futures/banking platform; E*TRADE discloses commissions, contract fees, bond markups/markdowns and margin rates rather than forex/CFD-style spreads.

Swedish stock brokerage on Stockholm Exchange: Start 0%/0 SEK; Mini 0.25% min 1 SEK; Small 0.15% min 39 SEK; Medium 0.069% min 69 SEK; Fixed Price 0% min 99 SEK. Other venues and phone orders have different minimums.

stock_commission: $0 for online U.S. exchange-listed stock trades; OTC stock trades $6.95 online or $4.95 for 30+ trades/quarter; broker-assisted trades add $25.; etf_commission: $0 online ETF trades.; options_commission: Options: $0 base commission, $0.65 per contract, reduced to $0.50 with 30+ trades per quarter; exercise/assignments $0; regulatory/exchange fees may apply.; futures_commission: Futures and options on futures: $1.50 per contract per side plus exchange, NFA and other fees.; mutual_fund_commission: $0 for no-load, no-transaction-fee funds; load funds per prospectus; E*TRADE states $0 for online U.S.-listed mutual fund trades in FAQs.; bond_commission: Bonds/CDs: $1 per bond for online secondary trades ($10 min/$250 max); U.S. Treasury auction and online Treasury secondary trades $0; broker-assisted online secondary pricing plus $20 commission.; crypto_commission: Cryptocurrency commission: 0.50% on notional trade value, charged by zerohash, of which E*TRADE receives a portion.

Swish and Trustly direct deposits are free; account price list also shows 0 SEK deposit fee for listed account types.

ACH Transfer Money is free; incoming wire transfers listed as $0; incoming non-U.S. currency may incur conversion fees from Wells Fargo/MSPBNA note says MSPBNA does not charge fees on incoming USD wires.

No explicit withdrawal fee found in reviewed official funding and account-fee pages; account price list shows account/deposit/custody fees but not a withdrawal fee.

Outgoing wire transfers: $25; full outgoing account transfer: $75; check requests: $0; stop payment requests: $25.

No inactivity fee found in reviewed official account-fee, administrative-fee and customer-service sources.

No inactivity fee found in checked official Pricing and Rates account activity, special request and brokerage account pages.

Swedish and international stocks, over 1,400 funds, ETFs, around 40,000 exchange-traded products including trackers and ETFs, bull & bear certificates, warrants, mini futures, options and futures; exposure includes indexes, equities, commodities and currencies; crypto exposure appears via listed exchange-traded products/certificates rather than direct crypto wallets.

E*TRADE offers stocks, ETFs, options, futures, mutual funds, bonds/CDs, IPOs, crypto-related securities/futures, cash savings and managed portfolios.

Avanza web platform, Avanza mobile app, and Infront trading system for active traders/Pro/Private Banking.

E*TRADE Web/App for investors; Power E*TRADE Web/App/Pro for active and advanced traders.

Aktie- och fondkonto, ISK, Kapitalförsäkring, Sparkonto, IPS, Pensionsförsäkring, Tjänstepension; plus Private Banking/Pro customer segments.

Brokerage, retirement, managed portfolios, small-business retirement, banking and crypto-related account/exposure categories are listed on the official accounts page.

Swish, Trustly direct deposit, ordinary bank transfer; for newer account-number format, Swish, Trustly and Autogiro are alternatives; internal transfer from Aktie- och fondkonto may be used.

Funding methods include Transfer Money (ACH), wire, external asset/account transfer, mobile or mailed checks, direct deposit and internal transfers.

Withdrawals are made to the customer's external bank account via Avanza's withdrawal page; transfers to another person's account are restricted/not evidenced as supported.

Withdrawals/money movement supported via Transfer Money, wires, check requests, internal transfers and account transfers; exact outbound methods depend on account type and destination.

Approved external accounts: withdrawals before 14:30 arrive the same afternoon; after 14:30 arrive next day. Newly added/unapproved accounts: before 05:30 usually same afternoon; after 05:30 next bank day; weekends process next bank day; large withdrawals may require checks.

ACH outbound to external account: contact receiving external institution; wire transfer: same business day if received before 6 p.m. ET; internal transfers generally immediate; full brokerage transfer electronically typically 10+ business days, paper/mail 3-6 weeks.