Trader Commodities Futures salary in Iceland

Average Yearly Salary of Trader Commodities Futures in Iceland is approximately 15,211,835 ISK (106,157 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.

What does Trader Commodities Futures do?

A trader in commodities futures is an individual who buys and sells contracts for future delivery of physical commodities such as crude oil, gold, wheat, or natural gas. They operate in the financial market known as futures trading, where they speculate on the price movements of these commodities to make profits. Traders analyze market trends, economic indicators, and supply and demand factors to make informed decisions about buying or selling futures contracts. They closely monitor global events, news, and weather patterns that could impact commodity prices. Effective risk management and the ability to handle high-pressure situations are crucial in this occupation. Some traders work for large financial institutions, while others may be independent traders who manage their own portfolios. The role requires strong analytical skills, knowledge of financial markets, and the ability to make quick decisions based on complex information.

Skills: commodities trading, futures market, financial market, risk management, analytical skills, decision-making
Job industry: Finance

How much does Trader Commodities Futures make?

Difference in salary year over year or average salary increase is approximately 4 %


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Salary comparison to National average

Is Trader Commodities Futures a well paid job?

Yes, our data shows that Trader Commodities Futures is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.

What is considered a high salary for Trader Commodities Futures?

High salary for Trader Commodities Futures would be somewhere between 16,733,019 ISK and 22,057,161 ISK. However this is an estimation based on Gaussian Distribution.

How much can you save working as Trader Commodities Futures in Iceland?

Living in Iceland the approximate monthly expenses are: 2,729 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.

Estimated Yearly Salary: 15,211,835 ISK
Estimated Monthly Salary: 1,267,653 ISK
Estimated Weekly Salary: 292,535 ISK per week
Estimated Hourly Salary: 7,313 ISK per hour
By working as Trader Commodities Futures a person can save up to 6,118 USD per month or 73,411 USD yearly. Values are pre-tax.

NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.

For more information regarding expenses in Iceland, see costs of living in Iceland.

Salary comparison to region and neighbouring coutries

Country's neighbours are: Norway, Faroe Islands, United Kingdom.
To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).

Estimated Yearly Salary for Trader Commodities Futures

Last revision of data: 2025-01-04

Salary increase per years of experience

Based on data available the salary increase per years of experience is as following

0 years (beginner) equals base salary

1 to 5 years of experience yields +12% salary increase

6 to 10 years of experience yields +25% salary increase

11 to 15 years of experience yields +16% salary increase

16 to 25 years of experience yields +9% salary increase

more than 25 years of experience yields +10% salary increase

NOTE: Details based on limited set of data. Percentages may vary. The salary increase over years of experience can vary widely based on factors such as job industry, job role, location, company size, and individual performance. To gain even larger increase in salary one is advised to switch jobs and / or employer.

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Data as of 2025

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