Sofort Brokers 2022 - Which Brokers Accept Sofort?

Sofort by Klarna is an online banking and money transfer system from Germany. It is supported in the UK and many European countries, including on e-commerce websites and trading brokers that show its logo. In this review, we cover everything you need to know about Sofort, including how it works, pricing, plus the login and deposit process. We also list the top UK brokers accepting Sofort payments in 2022.

Sofort Brokers

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Found 22 Brokers
FXCC is a highly regulated and trustworthy MT4 trading broker.
Demo Account
Yes
Regulated By
CySEC, FCA
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
BDSwiss offer 250+ Shares, Indices, Forex, Commodities and Cryptocurrencies markets via CFDs. With spreads from 1 pip and an award winning app, they offer a great package.
Demo Account
Yes
Regulated By
CySec, FSC, FSA
MT4 Integration
Yes
Min. Deposit
100 $/€/£
Min. Trade
0.01 Lots
Crypto
Yes
XM.com Offer a range of Account types and a low minimum deposit to appeal to all levels of trader. With 1000+ markets and low spreads they offer a great service.
Demo Account
Yes
Regulated By
IFSC, DFSA, CySEC, ASIC
MT4 Integration
Yes
Min. Deposit
5 $/€/£
Min. Trade
0.01 Micro lots
Crypto
No
Capital.com offer CFDs and Forex on a huge range of assets, with competitive spreads and unique platforms, including the fully functional mobile app.
Demo Account
Yes
Regulated By
FCA, CySec, ASIC, FSA
MT4 Integration
Yes
Min. Deposit
£/$/€20 (Varies by payment method)
Min. Trade
Varies by asset
Crypto
No
RoboForex is a multi-asset online broker offering powerful trading aides.
Demo Account
Yes
Regulated By
IFSC
MT4 Integration
Yes
Min. Deposit
$10
Min. Trade
0.01 lots
Crypto
Yes
easyMarkets.com - Simply Honest. Trade CFDs on Forex, Commodities, Indices, Shares & Cryptos With a Top Rated Forex Broker
Demo Account
Yes
Regulated By
CySec, ASIC, BVI
MT4 Integration
Yes
Min. Deposit
€100
Min. Trade
Varies by asset
Crypto
Yes
UFX are forex trading specialists but also have a number of popular stocks and commodities. Offering tight spreads and one of the best ranges of major and minor pairs on offer, they are a great option for forex traders.
Demo Account
Yes
Regulated By
CySec
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
$1
Crypto
No
TradeFW is a forex and CFD broker offering the MetaTrader 4 platform.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
No
Finalto is a tech-focused brokerage firm offering CFD trading on a competitive range of assets, alongside liquidity provision and risk management systems.
Demo Account
Yes
Regulated By
FCA,CySEC,ASIC,BVI FSC, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
JFD Bank offers comprehensive trading services, complete with MT4 and MT5 platforms and a range of products.
Demo Account
Yes
Regulated By
CySEC, VFSC, BaFin 
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
Yes
Trade.com offers thousands of tradable assets on desktop and mobile platforms.
Demo Account
Yes
Regulated By
FCA, CySEC, FSCA
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
ArgusFX is a Cyprus-based broker offering MT4 trading from a sleek client portal.
Demo Account
No
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
ActivTrades offers online trading on the MT4, MT5 and ActivTrader platforms.
Demo Account
Yes
Regulated By
FCA
MT4 Integration
Yes
Min. Deposit
$500
Min. Trade
0.01 lots
Crypto
No
Trade12 offers multi-asset trading with tiered account levels to suit different needs.
Demo Account
No
Regulated By
MT4 Integration
Yes
Min. Deposit
$250
Min. Trade
0.01 lots
Crypto
No
ForexMart is an EU-regulated broker offering MT4 trading on stocks, FX and cryptos.
Demo Account
Yes
Regulated By
CySEC
MT4 Integration
Yes
Min. Deposit
1 EUR/USD
Min. Trade
0.01 lots
Crypto
Yes
FXFlat offers several asset classes on the MetaTrader 4 & MetaTrader 5 platforms.
Demo Account
Yes
Regulated By
BaFin
MT4 Integration
Yes
Min. Deposit
€200
Min. Trade
0.01 lots
Crypto
Yes
Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms
Demo Account
Yes
Regulated By
FCA, CySEC, ASIC, JSC
MT4 Integration
Yes
Min. Deposit
$100
Min. Trade
0.01 lots
Crypto
Yes
Libertex - Trade Online. Libertex offer CFD and Forex trading, with fixed commissions and no hidden costs.
Demo Account
Yes
Regulated By
CySec
MT4 Integration
Yes
Min. Deposit
€100
Min. Trade
€20
Crypto
Yes
Access global exchanges anytime, anywhere, and on any device. DEGIRO offer stock trading with low fees and a large range of markets. DEGIRO are not CFD brokers and do not offer CFDs
Demo Account
No
Regulated By
FCA, BaFin
MT4 Integration
No
Min. Deposit
0 $/€/£
Min. Trade
Varies by asset
Crypto
No
GKFX is an MT4 trading broker offering a suite of financial instruments & tools.
Demo Account
Yes
Regulated By
MFSA
MT4 Integration
Yes
Min. Deposit
€100
Min. Trade
0.01 lots
Crypto
Yes
Fondex is an award-winning forex and CFD broker with industry low trading costs.
Demo Account
Yes
Regulated By
FSA, CySEC
MT4 Integration
No
Min. Deposit
$0
Min. Trade
0.01 lots
Crypto
No
InstaForex provide Forex, CFDs, Stock and Cryptocurrency trading. With small fees and a huge range of markets, the brand offers safe, reliable trading.
Demo Account
Yes
Regulated By
CySec
MT4 Integration
Yes
Min. Deposit
€100 to €50000 (Account choice dependent)
Min. Trade
0.01 Lots
Crypto
No

What is Sofort?

Sofort, a Klarna Group company, is a leasing provider and transfer service that utilises open banking technology. It is similar to other payment methods such as debit/credit cards, plus digital payment solutions like PayPal, Trustly, Worldpay and iDeal. The brand has also partnered with well-known merchants and banking services including Western Union and TransferWise.

Klarna is a Swedish company that was established in 2005. It has become one of the largest banks in Europe and in 2019, it handled around £28 billion in online sales. It has also processed 40% of all e-commerce sales in Sweden since 2011.

The company acquired Sofort Banking, following which, Klarna and Sofort AG merged to form the Klarna Group. Despite the merger, Klarna and Sofort have continued to operate on a stand-alone basis and offer their products side by side.

Sofort supports payments in countries across Europe, including the UK, Switzerland, France, Austria and Finland. Importantly, the transfer service can be used to make payments to e-commerce websites, to friends or relatives, and to fund trading accounts.

Brokers that accept Sofort deposits

Fees

The payment gateway is normally free to use. Rather than charging customers, the company makes money from merchants. Still, some banks may charge a small fee to use the service, so check any terms and conditions before signing up.

Equally, while a lot of brokers do not charge for deposits and withdrawals made using Sofort, some platforms do. Check the broker’s payments page to understand their fee structure before making a transfer. Alternatively, see our reviews of brokers that accept Sofort deposits.

Note, Sofort has a transfer limit of approximately £4,200.

Speed

If you take the definition and meaning of ‘Sofort’ in German, it translates to ‘instantly’ in English. This sums up the speedy nature of the payment service from start to finish. Firstly, there is no need to register for the service or complete a lengthy account opening process. Most money transfers are also completed straight away making the service ideal for paying merchants and sending money to friends. Equally, deposits to brokers are usually processed immediately so you can start trading right away.

Withdrawals tend to take longer and vary between online brokers. At most UK trading platforms, withdrawals via the payment solution are normally processed within 24 hours, though some can take up to two business days. This delay is often due to identity checks and KYC requirements.

Security

Sofort is a fairly safe way to transfer money between friends, businesses and trading accounts. When you sign into the online banking service, you are required to enter a one-time PIN and TAN code. The entire process takes place on Sofort’s software, ensuring brokers and third parties cannot access your details. The Stripe API used by the firm is also secure.

In addition, Klarna and Sofort have built up a reputation as trustworthy firms. Together, they have a customer base of millions spanning the UK, Europe and beyond.

How to Make Sofort Deposits & Withdrawals

It is easy to make deposits and withdrawals at your chosen broker:

  1. On your broker’s website, look for the Sofort or Klarna logo to confirm they accept the payment service
  2. Ensure you have set up and can use online transfer services with your bank account
  3. Sign in to your trading account and head to the funding section
  4. Choose deposit or withdrawal and select Sofort, then follow the instructions
  5. When the payment gateway opens, enter your bank account number and sort code
  6. Enter the amount you wish to deposit or withdraw (keeping in mind any payment limits on the side of your broker)
  7. Click confirm to make the payment

If you want further payment guidance, visit the Sofort YouTube channel for helpful videos.

Benefits of Trading With Sofort Brokers

  • Test account: Sofort offers a test or demo account for first-time users. This gives customers 10 Euros which can be used to make a transfer to a fake account. The purpose of this is to demonstrate how easy it is to transfer funds and show new users the process.
  • No registration: You do not need to register to start using Sofort. Traders can make a deposit right away at a broker with just their bank account details – they do not have to fund a Sofort account first.
  • Well established: Klarna has been operating for over 15 years and has been working with Sofort since 2014. In this time, they have built a strong customer base and have gained valuable experience in the banking services industry.
  • Simple: Sofort is easy to use. New traders do not need to download software to make a payment. With that said, there is a Klarna mobile app available if you wish to keep track of payments made.
  • Customer support: Sofort and Klarna have a strong customer support team that is available between 9 am and 5 pm on weekdays and 10 am and 5 pm on weekends. If you want to get in contact, fill out the online form or call directly using the numbers listed on their website.
Klarna payment app

Klarna Mobile Application

Drawbacks of Trading With Sofort Brokers

  • No recurring payments: It is not possible to set up a recurring payment with Sofort. In the same vein, you cannot request a chargeback. It is possible to apply for a refund, but you will have to contact your broker for details.
  • Access: Klarna and Sofort mainly support bank accounts within European countries. As a result, most brokers accepting the service are from Europe, the USA or Australia. If you want to sign up with a trading broker based in South Africa, for example, you may struggle.

Sofort Verdict

Sofort is an excellent payment option for British traders. Many UK and EU brokers accept the payment method and offer fee-free deposits and withdrawals. All payments also take place within Sofort software ensuring personal account details are safe, and the process is quick and easy to complete with no need for registration.

Overall, Sofort is a quick, cheap and secure deposit and withdrawal solution. See our list of brokers that accept Sofort payments to start trading today.

FAQ

What Is Sofort?

Sofort offers a quick and easy way to transfer money to and from brokers and trading accounts. The service acts in a similar way to bank transfers – the user enters transfer details on secure Sofort software to complete payments.

Sofort By Klarna, Is It Safe?

Sofort is a relatively secure payment method. All transactions take place within reliable in-house software which ensures personal account details are not shared with brokers or third parties.

Is There A Sofort Test Account?

Sofort does offer a test account. It gives users €10 which can be transferred to a fake account, thus showing how the transfer process works.

Does Sofort Offer A Mobile App?

Klarna, the owner of Sofort, provides a mobile application. Users can download the app to view and track all payments made using the service, including deposits to online trading accounts.

Do I Need To Register For Sofort?

There is no need to register to make payments with Sofort. As long as a user has set up online transfer services with their bank account, they are free to use Sofort, including to make payments to trading accounts, friends and businesses.