Kvarn X FI review
Updated September 28, 2026 · BrokerCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Kvarn X FI suits investors who want stocks, ETFs and crypto in one low-cost app without an account charge. Its account fee of €0 sits at the top of the account fee ranking, and Finnish regulation under the Finnish Financial Supervisory Authority keeps the money side clear.
Key facts
- Best for
- A low-cost app for stocks, ETFs and crypto under Finnish regulation.
- Account fee
- €0 (Source, checked September 26, 2026)
- Markets
- Stocks, ETFs, Crypto (Source, checked September 26, 2026)
- Regulators
- Finnish Financial Supervisory Authority, Finanssivalvonta (FIN-FSA) (Source, checked September 26, 2026)
- Investor protection
- EU ICS up to EUR 20,000 (Source, checked September 26, 2026)
- Platforms
- iOS, Android (Source, checked September 26, 2026)
- Legal entity
- Kvarn Capital Oy (Source, checked September 26, 2026)
- Headquarters
- Finland (Source, checked September 26, 2026)
- Support channels
- Help-centre (Source, checked September 26, 2026)
- Features
- Crypto, Mobile app
- Pricing model
- Low fees
- Official website
- kvarnx.com
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- Account fee of €0, ranked 1 on this fee across 138 brands
- Stocks, ETFs and crypto all on one platform, so no separate crypto venue is needed
- A mobile app for iOS and Android covers everyday dealing on the move
- Regulated by the Finnish Financial Supervisory Authority, with EU investor compensation of EU ICS up to EUR 20,000
Cons
- Support runs on help centre only, so questions are answered without a call
- Protection stops at the EU scheme level of EU ICS up to EUR 20,000, so larger balances sit above it
- Retail accounts lose money at a median of 72.03% in this ranking, which is the norm rather than the exception
Who it suits
- Investors who want stocks, ETFs and crypto in one app
- People who would rather pay no account fee and keep a small balance
- EU investors comfortable with a Finnish-regulated platform
Who should look elsewhere
- Traders who need a wider market spread, since CFI covers stocks, etfs and forex
- Anyone wanting a copy-trading side, so eToro is the better fit
- People who want a deposit earner or wider choice, where Vantage sits closer to a traditional broker
How your money is protected
Kvarn X FI is regulated by the Finnish Financial Supervisory Authority, listed as Finanssivalvonta (FIN-FSA), and holds a MiCA crypto licence with the reference MiCA CASP 9845009F15A5B9FD7F45. Deposits sit under the EU investor compensation scheme at EU ICS up to EUR 20,000, which covers claims up to that ceiling. Larger balances held with the firm sit above the scheme, so a large portfolio deserves a second look.
The company behind it
The operating company is Kvarn Capital Oy, headquartered in Finland, and it holds the MiCA crypto licence MiCA CASP 9845009F15A5B9FD7F45 under Finnish supervision. Support runs through help centre, so most questions are answered in writing rather than on a call. The fintech model keeps the operation small and pricing simple.
How Kvarn X FI compares
9.2 vs 9.0
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MarketScreener
9.2 vs 9.4
9.2 vs 8.7
9.2 vs 9.0
9.2 vs 9.3
9.2 vs 8.7
9.2 vs 8.6
9.2 vs 9.2eToro takes an account fee of $0, so the comparison only pays off for those copying trades.
9.2 vs 8.7
Kitco
9.2 vs 9.1
9.2 vs 9.0
9.2 vs 9.0Pepperstone
Vaulted
wikifolio.com
Intellectia
Winvest
Libertex International
XM VN
Where Kvarn X FI is available
- Available
- Finland
- Licence in Finland
- Finnish Financial Supervisory Authority, checked September 26, 2026
- Licence in Finland
- Finanssivalvonta (FIN-FSA) (MiCA CASP 9845009F15A5B9FD7F45), checked September 26, 2026, also valid in Austria, Belgium, Bulgaria, Cyprus, Czechia, Germany, Denmark, Estonia, Spain, Finland, France, Greece, Croatia, Hungary, Ireland, Iceland, Italy, Liechtenstein, Lithuania, Luxembourg, Latvia, Malta, Netherlands, Norway, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does Kvarn X FI charge to hold an account?+
The account fee is €0, which is why the brand ranks 1 on this fee across 138 brands. Pricing follows a low-fees model, so the cost sits in the dealing charges rather than in a yearly subscription. That suits smaller balances that would otherwise be eaten by an account charge.
Who regulates Kvarn X FI?+
Kvarn X FI is supervised by the Finnish Financial Supervisory Authority, also listed as Finanssivalvonta (FIN-FSA). The firm is authorised as a crypto asset service provider, with the MiCA licence recorded as MiCA CASP 9845009F15A5B9FD7F45. Both licences are Finnish, so the firm sits inside the EU framework.
What protection do I get on my money?+
Deposits are covered by the EU investor compensation scheme, with a ceiling stated as EU ICS up to EUR 20,000. Anything above that limit is not covered by the scheme and sits as a claim against the firm. A low-fee app is a natural home for modest sums rather than a large portfolio.
Which markets can I trade on?+
The platform covers stocks, ETFs and crypto, all in the same account. Crypto dealing is the part covered by the MiCA licence, recorded as MiCA CASP 9845009F15A5B9FD7F45. There are no forex, CFD, options or futures markets here, so a wider spread means looking at CFI, which lists stocks, etfs and forex.
Is there a mobile app?+
Yes, a mobile app is offered for iOS and Android, and dealing happens in that app rather than on a desktop platform. A mobile app is one of the features the brand highlights alongside crypto trading. For a small, infrequent book of shares and ETFs, that is usually enough.
How do I get help if something goes wrong?+
Support runs through help centre, so answers come in writing from a help centre rather than by phone or live chat. Written support suits straightforward account questions on fees and orders. If you want to talk to someone, that is the gap to weigh against a larger platform.
Who is behind the brand?+
The company is Kvarn Capital Oy, based in Finland. It is the same entity named in the licensing record, which carries the MiCA crypto authorisation MiCA CASP 9845009F15A5B9FD7F45. As a fintech operator, the structure is small and focused, which helps explain the low-fees pricing.
How risky is trading here?+
Most retail accounts lose money: the median across this ranking is 72.03%, with the middle band running from 66.32% to 76.25%. That is typical of retail trading rather than specific to this brand. Low fees cut the cost of trading, not the risk of being wrong.
Sources
- esma.europa.eu/sites/default/files/2024-12/CASPS.csv checked September 26, 2026
Backs: Headquarters, Legal entity, Licences
“ae_homeMemberState=FI”
- kvarnx.com/en checked September 26, 2026
Backs: Markets, Platforms, Features
“From Stocks & ETFs to crypto - buy, sell, and manage it all in one place”
- kvarnx.com/en/company checked September 26, 2026
Backs: Support channels
“Support Center”
- kvarnx.com/en/invest checked September 26, 2026
Backs: Regulators, Investor protection
- kvarnx.com/en/pricing checked September 26, 2026
Backs: Account fee, Pricing model
“Kvarn X account - Opening a Kvarn X account is free of charge”
Compiled from 5 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Minimum deposit, Stock trade fee, Inactivity fee, Retail accounts that lose money.
Related by the facts
Kvarn X FI
A low-cost app for stocks, ETFs and crypto under Finnish regulation.