In Denmark, all forex broker are strictly regulated by the Danish Financial Supervisory Authority (DFSA), locally known as Finanstilsynet. In addition to being regulated by the DFSA, all of the forex brokers in Denmark are also under the supervision of the European Securities and Markets Authority (ESMA), which imposes its own strict regulations on all brokers it supervises.
Given the fact that there are only a few forex brokers regulated in Denmark, most Danish forex traders trade with brokers in other countries, whether in the EU or elsewhere. For those looking for higher leverage, trading with a forex broker outside of EU normally gives access to much higher leverage and more flexible trading conditions. Examples of these non-EU countries are Switzerland, Australia, and New Zealand.