Best brokers and banks for Iceland residents — regulated, verified and ranked for 2026.
Iceland has its own regulated financial market. The primary stock exchange is the Nasdaq Iceland, home to the OMX Iceland All-Share index.
Fjármálaeftirlitið (FME — Financial Supervisory Authority of Iceland) (www.fme.is) regulates the securities and investment sector in Iceland. All investment platforms listed on WhichBrokr for Iceland are either licensed by FME or operate under an internationally recognised regulatory framework.
Iceland's FME was established in 1999. The country is not in the EU but is in the EEA. The 2008 banking collapse (Landsbanki, Kaupthing, Glitnir) was one of the largest banking failures per capita in history, prompting Iceland to let banks fail and prioritise domestic depositors — a model studied globally. Deposit protection: €100,000 via TIF (Tryggingarsjóður innstæðueigenda).
Capital gains from the sale of securities are taxed at 22%. Dividends are subject to 22% WHT. Trading losses can be carried forward for up to Indefinite. Iceland offers the following tax-advantaged investment structures: Standard Account (22% flat tax on investment income.).
Bank deposits in Iceland are protected up to ISK equivalent of €100,000 (Tryggingarsjóður innstæðueigenda og fjárfesta) per depositor per institution.