One of the strengths of Saxo Bank is its extensive research and analysis capabilities. The bank has a team of experienced market experts who provide up-to-date market insights and a range of tools and resources, including a news feed, technical analysis, and market sentiment indicators, to help traders make informed decisions.

Another advantage of Saxo Bank is its security and regulatory compliance. The bank is regulated by several top-tier financial regulators, including the Danish Financial Supervisory Authority, the Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC). This provides traders with peace of mind, knowing that their investments are protected and that they are dealing with a reputable financial institution.

Saxo Bank offers competitive pricing, with low trading fees and spreads, making it an attractive option for cost-conscious traders. The bank also offers a range of account types, including demo accounts, which allow traders to test their strategies without risking real money.

One of the downsides of Saxo Bank is its need for educational resources and customer support. Although the bank provides various research and analysis tools, it only offers a few educational resources, such as tutorials and training videos, to help traders get started. The bank's customer support can also be limited, with a limited number of support options, including email and live chat, and limited availability of support staff during off-hours. To open a trading account with Saxo from Iceland, go to their website and fill out the registration form. Then, verify your identity by uploading the required documents, such as a passport or National ID Card, and finally, choose a trading account type (such as a standard or Pro account) and fund it.

In conclusion, Saxo Bank is an excellent choice for traders and investors in Iceland looking for a comprehensive and advanced trading platform with a strong focus on research and analysis. The bank is well-regulated, secure, and offers competitive pricing. However, its limited educational resources and customer support may be better for novice traders.