Best Forex Brokers in Iran
The sanctions on Iran have resulted in many brokers not offering their services in the country. Some international brokers are still available to Iranian traders. We have carefully vetted those brokers based on factors like regulations, fees, available trading options, trading platforms, and much more. Check out our top picks for Iran.
Pros, cons & fees
Extensive Range of Tradable Assets: The broker offers an extensive range of CFDs with more than 350+ instruments spread between forex, crypto, commodities, metals, indices, and stocks.
MT4 and MT5 Trading Platforms: Access to industry leading MetaTrader 4 and MetaTrader 5 trading platforms.
Floating Spreads and Low Trading Fees: TradeEU Global offers low spreads and discounted swap fees (on Gold and Silver Account tiers). You are not charged inactivity fees unlike other brokers usually charge.
Offshore Regulations: TradeEU Global has an offshore FSC Mauritius regulation. The broker does not have any tier-1 regulators, thus lacks advanced security features you usually see with ASIC and FCA regulated brokers.
Slightly High Initial Deposit: You can start trading after submitting an initial deposit of $250, which is slightly higher than many other brokers.
Pros, cons & fees
Extensive range of tradable instruments: With over 160 CFD instruments available, including stocks, forex, indices, commodities, metals, and cryptocurrencies, traders have ample options to diversify their investment portfolio.
Commission-free trading: There are no commissions on standard trades as the broker earns from spreads, which are also very competitive (starting ~0.9 pips). This transparent fee model means lower and straightforward costs for traders.
24/7 Multilingual Customer Support: Customer support is accessible 24/7 in four languages to help traders access support in their preferred language.
Offshore Regulation: Savexa is regulated in Mwali (Comoros) instead of a tier-1 regulatory jurisdiction. The broker is offshore regulated which means the investors do not get the tier-1 investor protection features.
Lack of MetaTrader Platforms: Savexa does not offer the popular MetaTrader 4 or 5. Many seasoned brokers prefer using MetaTrader for their trades instead of WebTrader.
Limited Advanced Strategies: The broker does not allow advanced strategies like scalping and arbitrage trading. Lack of MetaTrader further means copy trading and auto trading are absent as well.
Grand CapitalBonus40% deposit bonus
Free VPS HostingMin deposit $10Max leverage 1:100Regulated by FSA, FSA (SV)Add to compare list4 / 5Start tradingPros, cons & fees
Competitive Minimum Deposit: The minimum deposit required to open an account with Grand Capital is $10, a relatively low minimum deposit in the industry.
All-Inclusive Educational Resources: Grand Capital provides educational resources for traders of all levels. The broker has webinars, video tutorials, and publications that cater to different trading needs.
Flexible Leverage: Grand Capital stands out with its flexible leverage options ranging from 1:1 to 1:2000. This flexibility allows traders to manage their risk and exposure according to their trading strategy.
Weak Regulation and Licensing: The financial market is subject to many regulatory bodies, and the more license brokers can boast of, the more credible they appear. Unfortunately, Grand Capital is not as licensed as many top brokers in the financial market.
Limited Trading Platforms: Grand Capital only has three trading platforms; MT4, MT5, and Grand Trade.
SwissquoteBonus€100 cashbackBest Secure BrokerRegulated by FINMAAdd to compare list3.9 / 5Start tradingPros, cons & fees
Regulated and licensed by multiple financial authorities
Offers a wide range of assets for trading
Provides advanced trading tools and platforms
Does not accept clients from some countries, including the United States
Has high minimum deposit requirements
Has limited leverage compared to some other brokers
xChief (ex. ForexChief)BonusNo-Deposit Bonus by xChiefBest For Contract TradingRegulated by VFSC, ASIC, MISAAdd to compare list3.9 / 5Start tradingPros, cons & fees
Low minimum deposit requirement of $10 across all account types.
Beneficial trading terms such as low trade volume, starting at 0.01 lots, and tight spreads, starting from 0 pips.
Availability of multiple payment methods for deposits and withdrawals without any fees from the Broker's end.
Non-compliance with ESMA leverage capping may not be suitable for traders looking for low-risk options.
Unclear compensation levels in case of any mishap, with each case being reviewed separately.
Pros, cons & fees
Thorough Regulation and License: markets.com is licensed and regulated by 5 reputable watchdogs. This further strengthens the broker's credibility as a financial service provider.
Markets.com is not your regular broker, with its blend and IPO offerings. These additional offerings put the broker in a league of its own.
Sleek Proprietary Trading Platform: Besides its MT4 and MT5 trading platforms, the broker has its own customized trading platforms, which excel in every regard as the more popular trading platforms.
Inactivity Charges: Traders must pay a fee of $10 per month after 90 days of no trading inactivity on markets.com.
No Customer Support Service on Weekends: Since trading is 24/7, it's only ideal that the customer support service is also available 24/7 so clients can resolve their complaints quickly.
Pros, cons & fees
Strong regulatory compliance
Competitive trading conditions
Robust educational resources
Limited offerings for cryptocurrency
Higher-than-average minimum deposits on some accounts
Lack of MetaTrader 5 platform
Pros, cons & fees
Wide selection of market instruments, including agriculture, energies, metals, stocks, indices, ETFs, currencies, and cryptocurrencies
Well-regulated by reputable authorities, ensuring transparency and adherence to industry standards
Segregation of clients' funds in top-tier banks, enhancing the safety and security of client funds. In addition, Ingot offers negative balance protection, safeguarding traders from potential losses exceeding their account balance.
Not available in certain countries such as the United States of America due to restricted jurisdictions, limiting access for traders in specific regions.
The demo account expires in two weeks, which may be insufficient for traders to thoroughly test the platform and strategies.
International trading is done through an offshore entity, which might raise concerns about regulatory differences and protections.
FXPRIMUSBonusWelcome Gift (Cash Reward) by FXPrimusBest For MT4 BrokerRegulated by CySEC, VFSCAdd to compare list3.8 / 5Start tradingPros, cons & fees
A wide range of trading assets: FXPRIMUS provides 120 trading assets, including currency pairings, precious metals, petroleum products, indices, CFDs, and cryptocurrencies.
Strong security network: FXPrimus employs specialized software and advanced encryption technologies with 128-bit keys.
High Insurance Coverage: FXPrimus covers each client's fund for up to 5 million euros. Hence, clients can rest assured that their money is safe.
Limited Availability: FXPRIMUS broker's client support service is only available 24 hours a day, five days a week, limiting its customer support services to only weekdays.
Selective Compensation Claims: FXPRIMUS does not recognize any moral compensation claims. Hence, traders will not be compensated for any such claims.
System Malfunction: Although this rarely happens, there are technical hitches that may necessitate a full platform restart.
Pros, cons & fees
Regulated by the Financial Sector Conduct Authority (FSCA) in South Africa, ensuring compliance with industry standards.
Offers multiple channels for contacting support, enhancing accessibility and responsiveness.
Provides round-the-clock customer support, accommodating traders across different time zones.
There is an absence of MT4 or MT5 platforms, which need to include features and functionalities preferred by many traders.
Offers a less extensive list of tradable assets than some competitors, limiting investment opportunities.
Withdrawal times can be lengthy, potentially causing inconvenience for traders requiring prompt access to funds.