Yes, forex trading is completely legal in Norway. Norwegian residents are permitted to engage in foreign exchange trading through licensed brokers operating within the regulatory framework established by the country's financial authorities (1). The Financial Supervisory Authority of Norway, known as Finanstilsynet, serves as the primary regulatory body overseeing forex trading activities and ensuring market integrity and stability (2).
Norway abolished foreign exchange controls in 1990, creating an environment with no currency restrictions for trading activities (1). This regulatory approach allows Norwegian traders to access international forex markets freely, provided they work with properly authorized brokers. The Financial Supervisory Authority ensures that forex brokers comply with specific standards and regulations, providing traders with security and stability in their trading activities (2).
"Norway has no currency restrictions. Foreign exchange controls were abolished in 1990. No licensing requirements are in force. The only requirement is a reporting requirement for international payments and financial transactions."
Finanstilsynet, established in 1986, operates under the oversight of the Ministry of Finance and is responsible for supervising all financial companies in Norway (2). While forex brokers are not strictly required to obtain authorization from Finanstilsynet to accept Norwegian residents as customers, the authority maintains regulatory oversight to ensure fair and reasonable business practices. Norwegian traders can verify a broker's regulatory status through Finanstilsynet's official registry, which provides detailed information about authorized entities and their permitted services (1).
Source:
https://www.trade.gov/country-commercial-guides/norway-trade-financing-0
https://www.finanstilsynet.no/en/
Last updated: 01-06-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
