I don't live in Norway, but my new broker is active there too. They're called
Degiro.
I haven't been a customer for very long, but I can tell you their fees for Dutch investors are very low. In fact, the first transaction in certain ETFs is commission free each month. There are a few things to be wary of, though:
- If you open any type of account other than a 'custody account', Degiro is free to lend your securities to all types of stock exchange cowboys. These may then go bankrupt, leaving you without your securities. Degiro of course claims that the risks are minimal, but the risk is fully borne by clients and the returns go to Degiro. In return, you pay even lower fees. Bad idea, if you ask me.
- When you transfer money into your account, it is automatically put into a money market fund. The money isn't guaranteed by the Dutch government up to €100,000, unlike bank accounts.
- Clients' orders may be matched up with other clients' orders rather than being sent to the stock exchange of your choice. (You can opt in if you wish to use this.) The good news is that this is supposedly cheaper, the bad news that your order may or may not be executed at the best price possible. In any case, it is intransparent. Degiro also has a hedgefund that sends orders into this dark pool. There could be a conflict of interests there.
Whatever you do before you become a client, read the fine print very carefully. The above may or may not apply to Norwegian investors. Words of warning aside, it's hard to beat Degiro's fees.