Forex Trading

4 Best Forex Brokers in Iceland ☑️ Updated 2024*


Forex Brokers Iceland

 

The 4 Best Forex Brokers in Iceland – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders in Iceland.

 

In this in-depth guide, you will learn:

 

  • The Best Forex Brokers in Iceland – a List
  • Is Forex Trading Legal in Iceland?
  • The Best Forex Brokers for Beginners
  • Forex Brokers with Icelandic Króna Accounts
  • Low ISK (Íkr) Minimum Deposit Brokers

 

and much, MUCH more!

 

4 Best Forex Brokers in Iceland

 

4 Best Forex Brokers in Iceland – a Comparison

 

 

4 Best Forex Brokers in Iceland (2024)

 

  1. ☑️ AvaTrade – Overall, the Best Forex Broker in Iceland
  2. ☑️ XM – Best Forex Broker for Beginners
  3. ☑️ FxPro – Best Overall Offering
  4. ☑️ BDSwiss – Best Online Trading Experience

 

AvaTrade Review New

 

AvaTrade

AvaTrade is a popular, highly regulated Forex Broker. ASIC, FSCA, JFSA, FFAJ, ADGM, and,  CySEC regulate it. Accounts available are Retail, Islamic, and, Professional. The minimum deposit is 100 USD. Moreover, Trading Instruments offered are Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, and, CFDs.

Trading Platforms include AvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, and,  ZuluTrade.

 

 

AvaTrade Overview

 

Pros and Cons

 

 

Our Insights

AvaTrade is suited to all Traders with benefits including a Referal Bonus and Multilingual Customer Support. However, the high minimum deposit and inactivity fee may be better suited to established traders.

 

XM Review

 

XM

XM is a well-established Forex and CFD Broker. the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission Belize (IFSC) regulate it.

Accounts offered are Micro, Standard, Ultra-Low, and, Shares. Trading Platforms available are MetaTrader 4 and MetaTrader 5. In addition, a mobile trading app is offered. Instruments available for trade include Forex, cryptocurrencies, stock CFDs, commodities, equity indices, precious metals, energies, individual shares, and, Turbo Stocks.

 

 

XM Overview

 

Pros and Cons

 

 

Our Insights

XM is a popular broker amongst beginner traders. Benefits include Multilingual, 24/7 Customer Support.

 

FXPro Review

 

FxPro

FxPro is a trustworthy and highly regulated Forex Broker with competitive spreads and innovative trading tools. The FCA, CySEC, SCB, FSCA, and FSC regulate it.  Trading instruments include Forex, futures, indices, shares, metals, energies, and, crypto CFDs. Accounts include Standard, Pro, Raw+, and, ECN. The minimum deposit is 100 USD.

Trading Platforms offered are MetaTrader 4, MetaTrader 5, and, cTrader. Moreover, a Proprietary Trading Platform and Mobile App is available.

 

 

FxPro

 

Pros and Cons

 

 

Our Insights

The benefits of trading with FxPro include the lack of an Inactivity Fee. Moreover, multilingual customer support is offered 24/5.

 

BDSwiss

 

BDSwiss

BDSwiss is amongst the highest-regulated Forex Brokers in the World. Regulations include CySEC, FSC, FSA, and, BaFin. Accounts offered are Cent, Classic, VIP, Zero Spread, Islamic, and,  Demo. The Minimum deposit is USD. Trading Platforms available are MetaTrader 4 and MetaTrader 5. Moreover, a proprietary trading platform and mobile app are available.

Trading Instruments available for trade are Forex, Commodities, Shares, Indices, and, Cryptocurrencies.

 

 

BDSwiss Review

 

Pros and Cons

 

 

Our Insights

The benefits of trading with BDSwiss include access to award-winning trading platforms and a leverage of up to 1:2000. However, trading is not commission-free and a high inactivity fee is charged.

 

Forex in Iceland

 

The Central Bank of Iceland

The Central Bank of Iceland or Seðlabanki Íslands is the central bank of Iceland.

 

The Central Bank of Iceland

 

The Icelandic króna (ISK)

The Icelandic Króna (ISK) is the official national currency of Iceland. The krona is represented by the symbols kr or Íkr and is abbreviated as ISK in the international currency market.

 

The Icelandic króna (ISK)

 

Is Forex Trading Legal in Iceland?

Forex Trading in Iceland is unrestricted and well-regulated by the Central Bank of Iceland.

 

Is Forex Trading Legal in Iceland?

 

In Conclusion

Forex Trading in Iceland has proven to be popular and well-regulated. Moreover, multiple International Regulated Forex Brokers accept traders in Iceland.

 

 

Our Insights

While reviewing the Best Forex Brokers that accept Icelandic Traders, we found 4 excellent options. Each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

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