Nordnet

Nordnet continues to improve its offering for more active and stock-focused customers. With one or more currency accounts linked to an endowment insurance, private savers can now manage their foreign stock transactions more cost-effectively than before. By taking control of the exchange timing and managing their currency exposure independently, customers avoid automatic exchanges and associated fees with each transaction. This is particularly beneficial for investors who frequently trade foreign securities.

"Currency accounts for endowment insurance give our customers increased control and flexibility, as well as significantly lower transaction costs when trading foreign stocks. This launch is an important part of our continued commitment to offering the best tools for active savers, and it concludes a very productive first half of the year in terms of presenting new functions and features to our customers," says Gabrielle Hagman, Country Manager Sweden at Nordnet.

In addition to SEK, Nordnet's customers will be able to hold cash balances in EUR, NOK, DKK, USD, and CAD within their endowment insurance. Opening and holding currency accounts is free of charge. A currency exchange fee of 0.075 percent will be charged upon exchange. The service is offered to customers who are part of either the Private Banking or Active Trader segment. Currency accounts are already available on the ISK (investment savings account) in Sweden and regular trading accounts across all Nordnet's markets.