It is not possible to trade individual foreign shares through Íslandsbanki's online bank. Employees of Securities and Pension Services mediate such transactions. You can contact a securities advisor at tel. 440-4000 or by sending an e-mail to verdbref@islandsbanki.is The cost of buying and selling individual foreign shares is 1%, but never lower than $ 100. See the price list of securities transactions. As with other securities, the client must have a custody account with the bank if the intention is to trade in individual foreign shares. A foreign currency account in the same currency as the registration currency of the public limited company to be purchased must also be available. If a custody account does not exist, it can be created in a simple way here.
If a foreign exchange account does not exist, it can be created here. It is desirable that the trading instructions for foreign shares state how high the purchase amount should be in foreign currency or how many shares should be purchased. All foreign stock trading is settled in foreign currency.