Avanza Bank Holding AB is a Swedish

online bank Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institut ...

based in Stockholm, specializing in savings, investments and pensions. Avanza is the largest stockbroker in Sweden and on the

Stockholm Stock Exchange Nasdaq Stockholm, formerly known as the Stockholm Stock Exchange (), is a stock exchange located in Frihamnen, Stockholm, Sweden. Founded in 1863, it has become the primary securities exchange of the Nordic countries. As of March 2021, a total ...

, with 2,000,000 customers and a 6.6% share of the Swedish savings market as of August 2023.

History

Avanza was founded in 1999 as HQ.se. In 2001, HQ.se acquired Avanza changed its name to Avanza, which became the largest

stockbroker A stockbroker is an individual or company that buys and sells stocks and other investments for a financial market participant in return for a commission, markup, or fee. In most countries they are regulated as a broker or broker-dealer and ...

in Sweden, with 80,000 active customers. In 2006, Avanza acquired stock magazine Börsveckan and launched Placera, a free online newspaper. Placera is focused on equities, funds and savings. The two are editorially independent and are grouped under Placera Media, a wholly-owned subsidiary of Avanza. During the same year, another wholly-owned subsidiary, fund manager Avanza Fonder, was launched, along with their first product Avanza Zero, a completely free-of-charge index fund tracking the

OMX Stockholm 30 The OMX Stockholm 30 (OMXS30) is a stock market index for the 30 most traded stocks on the Nasdaq Stockholm stock exchange. It is a price return and capitalization-weighted index A capitalization-weighted (or cap-weighted) index, also called ...

index. In 2018, Avanza Fonder launched the cheapest global fund in the world, Avanza Global, with an annual management fee of 0.05%. In 2019, Avanza won the Swedish Quality Index’s award for the most satisfied savings customers in Sweden for the tenth consecutive year.

References

External links

Börsveckan
Brokerage firms Financial services companies of Sweden Online brokerages Companies based in Stockholm Swedish companies established in 1999 Financial services companies established in 1999 Companies listed on Nasdaq Stockholm {{Sweden-company-stub