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2021 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Iceland

Top Iceland brokers
The Best Iceland Brokers 2021

This guide to the reputable trading platforms in Iceland has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This review contains the latest details about finding the top broker in Iceland.

If you're a new entrant in the realm of trading and broker, so many details will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough knowledge. You'll get adept skills at all the concepts of brokerage as you continue trading. For starters, you have to select the best broker in Iceland who will be transparent with you always.

In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan is key to your success.

We currently have 17 Brokers in our database that we think are the Best Online Brokers in Iceland

Who Are The Best Iceland Trading Patforms?

This guide has been collated to help you find a reputable Iceland broker. When searching for a good, professional broker in Iceland it can be very confusing.  Below we explain what your trading options are in Iceland and what Iceland online trading platforms can provide you.

We currently have 17 Brokers in our database that we believe are the Professional Online Brokers in Iceland

ETFinanceAB ForexGo MarketsForex.comVantage FXAlly investBittrexDeltastockEvolution BrokersWestpacCity Credit CapitalCharles SchwabAlfa ForexCIM BanqueBettermentFortradeForex Club
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Rating4/54/54/54/54/54/54/54/54/54/54/54/54/54/54/54/54/5
Minimum Deposit$215$100$1$Typical$200$500$100$100$300$50$500$25$0$100$0$1$100
Year Founded20182003200919992008201320101998200820082001201020111995200819922008
HeadquartersCyprusSTOCKHOLMAustraliaUnited StatesAustraliaUnited StatesSouth KoreaBulgariaBelizeAustrailiaUKUnited StatesCyprusGenevaUSAUKRussia
Regulated ByCyprus Securities and Exchange Commission (CySEC)UnregulatedAustralian Securities and Investment Commission (ASIC)Financial Conduct Authority (FCA), Cayman Islands Monetary Authority (CIMA), Investment Industry Regulatory Organization of Canada (IIROC), National Futures Association (NFA)Australian Securities & Investment Commission (ASIC)Cyprus Securities and Exchange Commission (CySEC)Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)Securities and Futures Commission (SFC)Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA)Financial Conduct Authority (FCA)Commodity Futures Trading Commission (CFTC)Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)Financial Industry Regulatory Authority (FINRA), Securities and Exchange Commission (SEC), Securities Investor Protection Corporation (SIPC)UnregulatedFinancial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC)
Clients10,000+10,000+10,000+150,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+10,000+
Risk WarningTrading leverage products may not be suitable for all traders. 71% of retail CFD accounts lose money.Your capital is at riskLosses can exceed deposits73% of retail investor accounts lose money when trading CFDs with this providerYour capital is at riskYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at risk
Withdrawal Fees$100/10000JPYvariablevariable0.30250$2Yes1$variableNo$2.50variablevariablevariableNovariable
Inactivity FeesNo0.7NoNo
Deposit Fees2151001Typical2005001001003005050025010001100
CFD FeesNo0.8Yes
Accepts Credit CardsYesYes
Accepts PayPalYesYes
Accepts SkrillNoNo
Accepts PayoneerNoYes
Accepts NetellerNoYes

Online Stock Trading In Iceland

Trading investments in Iceland is highly controlled and considered quite secure. But, conscious that any investment may go down as well as up, which means that your capital is at risk.

If you're just starting out with online trading then it's suggested to get a demo account first with a controlled agent so you can learn the strategies without the risk of losing cash.

Live Forex Trading In Iceland

Forex is the biggest liquid financial market in the world with a daily monetary exchange turnover of over $5 trillion (BIS data April 2016).

Forex (short for Foreign Exchange) is a money exchange between two different nations and the following management of the consequent position in which one currency gains and the other loses.

It's easy to do Live Forex Trading in Iceland with seasoned online brokers

Live CFD Trading In Iceland

CFD trading is the buying and selling of contracts for difference via an online trading partner in Iceland. When trading CFDs you are entering into an agreement to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In Iceland

Spread Betting in Iceland is possible using experienced online trading platforms like eToro or IC Markets. It is a simple bet as to whether the price will go up or down.  Often, the Iceland trading platforms will show the prices you have.

If you are looking at how to do spread betting in Iceland then it is an idea to start with a demo account with either XTM or IC Markets so that you can practice with monopoly currency before risking your own capital.

Trading Shares in Iceland

Internationally, Iceland is considered safe to do online trading and has access to other global financial centers. In Iceland, online trading platforms are highly regulated, experienced and supportive. 

However, it is always important to be as informed as possible so below are some of the important things a trader should know:

The financial markets in Iceland are very mature and are seen are very trustworthy due to regulation and compliance by the local Fiancial trade authority in Iceland.

The online trading apps used by brokers in Iceland are well tested and highly rated & secure.

Whichever Online Trading Brokers in Iceland you decide to use, make sure they have all of the following:

  • Easy to use platform
  • Access to a risk management tool
  • Good or fast execution speed
  • Better quality charts
  • Able to perform social trading
  • Professional online help or support

Challenges Of Trading in Iceland

The US Dollar is considered the base currency globally so even a small change in the US financial markets may affect the financial markets in Iceland. The EU is also a large economy and changes there can affect the economic markets in Iceland.

Like many countries there are challenges in Iceland financial markets and overall the outlook is positive. However, like in all global financial markets we recommend that any Online Trading Solutions in Iceland you decide to use, make sure you do your homework first before risking your money. We have collated thousands of datapoints and written this guide to help you find the Best Trading Platforms in Iceland.  We hope that by using this guide you will find a professional broker that matches your needs.

Frequently Asked Questions About Trading Forex In Iceland

Is Forex Trading Legal In Iceland?

There's a growing misconception that trading Forex in Iceland is considered unsafe. This isn't the case, Forex Currency trading in Iceland is very active, safe and regulated.

Trading in Forex is allowed in Iceland as for any company to trade globally, foreign currency must be exchanged. Whenever you purchase something and it is sent from overseas, there'll be numerous money exchanges by multiple businesses to get that thing to you.

The main issue is that when trading Forex in Iceland you pick one of the best online brokers.

Do Forex Traders Pay Tax In Iceland?

Once a dealer is successful and their profits reach a certain level then they can be taxed in Iceland as per the typical taxation rules.

Tax returns should always be registered even if there is a reduction. You should seek out advice with a registered accountant in Iceland to ensure you're abiding by all current local laws since it is very dependent on your personal conditions.

Can You Trade Cryptocurrencies In Iceland?

Cryptocurrency markets in Iceland are quite new. As Cryptocurrencies work on decentralised assets in Iceland things like interest rate changes and political instability don't affect them as far as the currency markets.

Cryptocurrencies are more popular with the centuries and with increasing income levels and technology adoption, trading cryptocurrency in Iceland is increasing day by day. It is still small in comparison to the Forex markets however around $6 billion USD of Bitcoin is traded every day.

Can You Trade Commodities In Iceland?

Commodity trading in Iceland includes trading in matters like precious metals, energies and agricultural commodities.

Some products like agricultural are seeing exponential growth inIceland.

Fast growing markets like India have a significant demand for many basic raw materials because of their population. This means that states like Iceland can benefit from the situation.