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

Best Iceland brokers
Best Iceland Online Brokers 2021

This guide to the best brokers 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 information about finding a reputable trading patforms in Iceland.

If you're a new entrant into the world of trading and brokerage, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You'll acquire adept skills at all the concepts of broker as you continue trading. For starters, you have to choose the perfect agent in Iceland who'll be transparent with you constantly.

In this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment plan is key to your success.

We currently have 19 Online Brokers from our research that we think are the Professional Brokers in Iceland

Who’s The Professional Iceland Online Brokers?

This review has been written to help you find a reputable Iceland broker. When searching for an experienced, professional broker in Iceland it can be very confusing.  Below we show what your trading platform are in Iceland and what Iceland online trading platforms can offer you.

Getting a free trial of a minimum of 3 days is a good way to understand the capabilities and professionalism of any Iceland trading broker firm. Before making any final decisions, you have to be able test the tradins platform's and software in real-time but with minimal risk. A demo account will allow you to test the software and see how comfortable you are with its tools. A professional broker in Iceland should make it as simple as possible for you. They shouldn't have to do a lot research nor set up multiple accounts before they let you start investing.

We currently have 19 Online Brokers that we think are the Best Online Brokers in Iceland

tastyworksAxiTraderTrust Capital TCBrightwin Securities And FinanceBithumbBeeOptionsafx groupForexTBninjatrader brokeragegrand capitalCredit Financier InvestCharles Schwabmorgans financial limitedjustforexlightspeedstforexactivtradesForest Park FXCommonwealth Securities
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Rating4.75/54.65/57.02/51.21/51.21/53.82/55.10/54.53/56.20/56.55/55.51/54.23/55.00/55.25/56.80/54.80/56.80/54.51/54.61/5
Minimum Deposit$250$0$250$250$500$0$250$250$250$250$500$25$250$250$250$250$250$10$5000
Year Founded2014200720162010200920042013201520182019181720102013201020142019201120081999
HeadquartersBelizeAustraliaCyprusNew ZealandHong KongCyprusGenevaCyprusGRENADINESRussiaLebanonUnited StatesCyprusUKUSAPortugalUnited StatesUnited KingdomAustralia
Regulated ByFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F317Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA)CySEC (no. 369/18)UnregulatedUnregulatedCyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F220Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F285Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F250Swiss Financial Market Supervisory Authority (FINMA)Commodity Futures Trading Commission (CFTC)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F280Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F265Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F269Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F310Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F218Financial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC)
Clients150,000+10,000+10,000+10,000+10,000+10,000+14,000,000+5,000+10,000+10,000+10,000+10,000+60,000+1,000,000+142,500+14,000+12,000,000+10,000+10,000+
Risk WarningYour capital is at riskCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75.9% of retail investor accounts lose money when trading CFDs with this provider.76.92% of retail investor accounts lose money when trading CFDs with this provider.Your capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.80% of retail investorYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at risk77% of retail investor accounts lose money when trading CFDs with this providerYour capital is at riskYour capital is at risk
Withdrawal FeesYesYesNoYesNoNoNoNoNoNoYesYesNoYesYesYesYesYesNo
Inactivity FeesNoNoNoNoNoNoNoNoYesNoYesYesNoNoYesNoYesYesNo
Deposit Fees2500250250500025025025025050025250250250250250105000
CFD FeesNoYesNoNoNoNoYesNoYesNoYesNoYesNoNoYesYesYesNo
Accepts Credit CardsYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts PayPalYesNoYesNoNoNoYesNoYesYesNoNoYesYesYesYesYesNoNo
Accepts SkrillYesNoYesNoNoNoYesNoYesYesNoNoYesYesYesYesYesNoNo
Accepts PayoneerYesYesNoYesYesYesYesYesYesYesYesYesYesYesYesYesYesYesYes
Accepts NetellerYesYesYesNoNoNoYesNoYesYesNoNoYesYesYesYesYesNoNo

Online Stock Trading In Iceland

Trading stocks and shares in Iceland is highly controlled and considered very secure. But, be aware that any investment can go down as well as up, which means that your capital is at risk.

If you are just starting out with online trading then it's advised to have a demo account first with a controlled agent so that you can find out the systems without the risk of losing cash.

Live Forex Trading In Iceland

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

Forex (Abbreviation of Foreign Exchange) is a money exchange involving two distinct nations and the following management of the resulting position where one currency gains and the other loses.

It is easy to do Live Forex Trading in Iceland using experienced online agents

Live CFD Trading In Iceland

CFD trading is the selling and buying of contracts for difference via an online trading platform in Iceland. When you trade 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 XM or Trading212. It is a simple bet as to whether the price will go up or down.  Usually, the Iceland brokers will show the prices you have.

If you are looking at how to do spread betting in Iceland then it is a good idea to start with a demo account with either plus500 or Trading212 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 brokers are highly regulated, experienced and customer centric. 

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

The financial markets in Iceland are 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 extensively tested and highly rated & secure.

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

  • User friendly platform
  • Availability of a risk management tool
  • Good or instant execution speed
  • High quality charts
  • Capable of doing social trading
  • Professional online help or support

Challenges Of Trading in Iceland

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

Like all countries there are opportunities in Iceland economic markets but overall the prospects are great. However, like in all global financial markets we recommend that any Online Trading Brokers 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 is a growing misconception that trading Forex in Iceland is considered unsafe. This isn't the case, Forex trading in Iceland is very active, regulated and safe.

Trading in Forex is permitted in Iceland as for any business to trade internationally, foreign currency must be exchanged. Any time you purchase something and it's sent from abroad, there'll be multiple currency exchanges by multiple businesses to receive that thing to you.

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

Do Forex Traders Pay Tax In Iceland?

After a trader is successful and their gains reach a certain level then they may be taxed in Iceland according to the typical tax rules.

Tax returns must always be filed even if there's a loss. You should seek out advice with a registered accountant in Iceland to make certain you're abiding with current regional laws as it's extremely determined by your personal conditions.

Can You Trade Cryptocurrencies In Iceland?

Cryptocurrency markets in Iceland are rather new. As Cryptocurrencies work on decentralised assets in Iceland things like interest rate fluctuations and political instability don't impact them as much as the money markets.

Cryptocurrencies are more popular with the centuries as well as growing income levels and technology adoption, trading cryptocurrency in Iceland is increasing day by day. It's still modest in comparison to the Forex markets but about $6 billion USD of Bitcoin is traded daily.

Can You Trade Commodities In Iceland?

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

Some commodities such as agricultural are seeing exponential growth inIceland.

Fast growing markets like India have a significant need for many fundamental raw materials for their inhabitants. This means that states like Iceland can benefit from the circumstance.