🇮🇸Iceland Expert-reviewed Updated Jun 2026
Best Brokers in Iceland (2026)
12 top-rated brokers ranked for traders in Iceland. Every pick is independently scored on regulation, fees, platforms and markets — no paid placements.
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There are 78 regulated brokers available to traders in Iceland, led by Kraken (4.52/5). 12 of them hold tier-1 licences (FCA, ASIC, CySEC or equivalent). Average minimum deposit is $63. Forex trading in Iceland is regulated by the Financial Supervisory Authority Iceland (FME).
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Brokers available
12 of 12
Tier-1 regulated
$63
Avg min deposit
1:500
Max leverage
Trading in Iceland
Forex and CFD trading in Iceland is regulated by the Financial Supervisory Authority Iceland (FME). Traders should look for brokers that hold a licence from FME or an equivalent recognised regulator such as FCA (UK), ASIC (Australia), or CySEC (EU) to ensure fund safety and regulatory protection.
When choosing a broker in Iceland, key factors include regulatory status, segregated client funds, competitive spreads, and a platform suited to your trading style. Our rankings above are filtered to brokers that accept clients from Iceland.
Top 12 Brokers in Iceland
How we chose: We evaluated 78 brokers available to traders in Iceland and ranked them by FME compliance, trading fees, platform quality, and markets offered. Only brokers with verifiable regulation and segregated client funds were included. Scores are calculated by our independent rating algorithm — no broker pays for placement.
#1 Top Pick in Iceland
Regulated: FCA, CFTC
Spread from: 0.2 pips
Min deposit: None
Markets: crypto
Strong regulatory compliance One of the oldest and most trusted exchanges
Regulated: FCA, SEC
Spread from: 0.5 pips
Min deposit: None
Markets: crypto
Regulated: FCA, MAS
Spread from: 0.4 pips
Min deposit: None
Markets: crypto
Regulated: FCA, SEC
Spread from: 0.5 pips
Min deposit: None
Markets: crypto
Regulated: SEC, CFTC, FCA
Spread from: 0.2 pips
Min deposit: None
Markets: stocks, forex, cfd, indices
Regulated: FCA, ASIC, MAS
Spread from: 0.6 pips
Min deposit: $250
Markets: cfd, forex, stocks, indices
Regulated: FCA, CySEC, ASIC
Spread from: 0.6 pips
Min deposit: $100
Markets: forex, cfd, stocks, indices
Regulated: ASIC, FCA, CySEC
Spread from: 0 pips
Min deposit: $200
Markets: forex, cfd, crypto, stocks
Regulated: FCA, CFTC, ASIC
Spread from: 0.6 pips
Min deposit: None
Markets: forex, cfd, indices, commodities
Regulated: FCA, CySEC, ASIC
Spread from: 0.6 pips
Min deposit: $100
Markets: cfd, forex, stocks, indices
Regulated: FCA, ASIC, MAS
Spread from: 0.9 pips
Min deposit: $100
Markets: forex, cfd, crypto, stocks
Regulated: FCA, ASIC, MAS
Spread from: 0.5 pips
Min deposit: None
Markets: cfd, forex, stocks, indices
Our Partner Brokers
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
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Risk warning: Trading CFDs and forex carries significant risk and may not be suitable for all investors. Ensure you understand the risks involved before depositing any funds. Capital is at risk.
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Frequently Asked Questions
1Which broker is best for traders in Iceland?
Kraken is our top-rated broker available in Iceland with a BrokerRank score of 4.52/5, offering competitive fees, strong regulation, and a wide range of markets.
2Who regulates forex trading in Iceland?
Forex trading in Iceland is regulated by the Financial Supervisory Authority Iceland (FME). Brokers operating in Iceland should hold a licence from FME or an equivalent recognised regulator. International brokers regulated by FCA (UK), ASIC (Australia) or CySEC (EU) are also commonly used by traders in Iceland.
3Is forex trading legal in Iceland?
Yes, forex trading is legal in Iceland and is regulated by the Financial Supervisory Authority Iceland (FME). Traders should use brokers that are licensed by FME or hold equivalent international regulation to ensure legal protection and fund safety.
4Are online brokers legal in Iceland?
Online forex and CFD trading is legal in Iceland when using a regulated broker. The primary regulator is Financial Supervisory Authority Iceland (FME). Always verify that the broker you choose holds a valid licence from a recognised financial regulator before depositing funds.
5Is it safe to trade forex in Iceland?
Trading forex in Iceland is safe when you use a properly regulated broker. Choose a broker licensed by FME, which requires client fund segregation, regular audits, and transparent pricing. Key safety measures include: keeping funds in segregated accounts, enabling two-factor authentication, and never investing more than you can afford to lose.
6What should I look for in a broker as a trader in Iceland?
Key factors include FME regulation or equivalent, local currency support to avoid conversion fees, competitive spreads, and a platform that suits your trading style. Our rankings above are filtered to brokers that accept clients from Iceland.
7Do I need to pay tax on forex profits in Iceland?
Tax treatment of forex trading profits varies by country and individual circumstances. In Iceland, trading profits may be subject to capital gains tax, income tax, or other levies depending on your trading frequency and status. Consult a qualified tax advisor in Iceland for guidance specific to your situation. BrokerRank does not provide tax advice.
8How do I compare brokers in Iceland?
Use BrokerRank's comparison tool to view any two brokers side-by-side across fees, regulation, platforms and markets. Visit /compare to build your own comparison.
9What is the best forex broker in Iceland for beginners?
For beginner traders in Iceland, the best forex broker is one with a low minimum deposit, an intuitive platform, and strong educational resources. Kraken is our top-rated pick for Iceland overall. Look for brokers offering demo accounts, clear fee structures, and responsive customer support in your language.
Deposit methods accepted by top brokers in Iceland
Bank Wire12/12
Credit Card12/12
Skrill12/12
Neteller12/12
Crypto8/12
PayPal8/12
Based on 12 top-rated brokers available in Iceland. Bank transfer and credit cards are universally accepted.