Company Information

Get to know Netfonds Bank AS

Founded in 1996 by Rolf Dammann, Netfonds was one of the first and leading online stockbrokers in Norway, revolutionizing the market by offering significantly lower brokerage fees and direct access to stock trading via the internet. The company held a full banking license and also offered savings accounts and other basic banking services. Known for its lean operations and technology-driven approach, it served a large base of active private investors in the Nordic region. In February 2019, Netfonds was acquired by its larger competitor, Nordnet Bank AB, and its operations and customer accounts were subsequently merged into the Nordnet platform.

Industry

Stock BrokerPRIMARY
Financial Other Service

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Netfonds Bank AS

Norway

Founded in

1997 (29 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/40

Reviews

--/60

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.