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Best Forex Brokers in Iraq

Forex trading is legal in Iraq and many brokers offer their services in the country. Iraq has a regulatory authority but depending on tier - 1 jurisdictions is generally a better choice. Customer support in Arabic and the option of swap-free Islamic accounts are some other things that many Iraqi traders would prefer. Check out our top 10 forex brokers for Iraqi traders.

Order by
11FP Markets trusted Investor protectionBonusRefer a Friend Program by FP MarketsBest Tradable InstrumentsMin deposit $50Max leverage 1:500 (1:30 for EU clients)Regulated by ASIC, FIU, FSAAdd to compare listRating 4.5 / 5Start trading
Pros, cons & fees
Free VPS hostingSpecialized trading accountsRead review
Pros

  • Excellent customer support with 24/7 availability

  • Competitive spreads and fast execution speeds

  • Comprehensive educational resources including webinars and video tutorials

Cons

  • Limited range of tradable assets compared to some competitors

  • Higher minimum deposit for certain account types

  • No proprietary mobile app (relies on MT4/cTrader mobile)

Withdrawal fee $0Deposit fee $0
12TradeQuo trusted Investor protectionBonus30% deposit bonusMultilingual Customer SupportMin deposit $1Max leverage UnlimitedRegulated by FSA, FSU, SCA +1Add to compare listRating 4.5 / 5Start trading
Pros, cons & fees
24/7 Customer SupportVery High LeverageRead review
Pros

  • Multiple Regulations: Multi-regulated broker with licenses from Seychelles (FSA), South Africa (FSCA), Dominica (FSU), and UAE (SCA).

  • Extremely High Leverage and Low Trading Costs: You can trade with up to 1:1000, 1:2000, and even “limitless” on special accounts with negative balance protection available. TradeQuo offers spreads as low as zero pips on some major pairs (depending on the account type).

  • Extensive Range of Tradable Assets: The broker gives you access to 350+ tradable instruments over forex, stocks, indices, commodities, and cryptocurrencies.

Cons

  • Not Available in Certain Jurisdictions: The company does not accept clients from US, EU, UK, and Canada among others due to regulatory restrictions.

  • No Call Support: TradeQuo does not offer call support at the time of writing this review.

  • Islamic Account Option Only Available on Request: Islamic accounts are available but not as a standard account type. They are only available upon request.

Withdrawal fee $0Deposit fee $0
13Neomarkets trustedBonus25% deposit bonusBest Execution On TransactionsMin deposit $20Max leverage 1:500Regulated by FIUAdd to compare listRating 4.5 / 5Start trading
Pros, cons & fees
24/7 instant money withdrawalAffiliate ProgramRead review
Pros

  • NeoMarkets is praised for its user-friendly approach, making it accessible and straightforward for novice and experienced traders to navigate the platform.

  • NeoMarkets allows trading cryptocurrencies through CFDs at competitive costs, providing traders with exposure to this popular asset class.

  • NeoMarkets is regulated by the Financial Services Commission (FSC) in Mauritius, adding an element of oversight and security for its clients.

Cons

  • NeoMarkets has a limited selection of deposit and withdrawal methods, potentially inconveniencing clients who prefer a broader range of options.

  • To access the demo account, users must first complete the registration process, which might deter those who prefer exploring the platform before committing.

  • NeoMarkets' website lacks readily available information about its various account types, potentially making it challenging for traders to select the most suitable option.

Withdrawal fee $0 (conditions apply)Deposit fee $0
14LiteFinance trustedBonusLiteFinance Deposit Compensation and Forex BonusesBest High Tech BrokerRegulated by CySECAdd to compare listRating 4.5 / 5Start trading
Pros, cons & fees
Specialized trading accountsFree VPS hosting24/7 instant money withdrawalRead review
Pros

  • 24-hour support

  • Supports MetaTrader 4 and MetaTrader 5 and their mobile and web versions

  • Variety of deposit/withdrawal methods

Cons

  • VPS is not free of charge

  • A limited selection of tradable instruments

  • Unavailable to US retail clients

15AMarkets trustedBonusDouble Your Starting Capital Bonus by AMarketsBest Trading ConditionsMin deposit $100Max leverage 1:3000Regulated by FSA (SV), MISA, FSC (BVI)Add to compare listRating 4.5 / 5Start trading
Pros, cons & fees
Specialized trading accountsFree VPS hostingRead review
Pros

  • High Leverage Options

  • Wide Range of Tradable Assets

  • Many Accounts to Choose From

Cons

  • Offshore Regulation

  • Limited Availability in Some Countries

  • Mixed User Reviews

Withdrawal fee $0Deposit fee Depends on region & payment method
16Orbex trustedBonusUp to $1,000 cashbackBest For Low SpreadsRegulated by CySECAdd to compare listRating 4.5 / 5Start trading
Pros, cons & fees
Specialized trading accounts24/7 instant money withdrawalRead review
Pros

  • Strong Regulatory Oversight

  • Several Trading Platforms Offered

  • Several Account Options

Cons

  • Variable Spreads on Starter Account

  • High Minimum Deposits for Premium and Ultimate Accounts

  • Some Users Reported Withdrawal Issues

17MultiBank Group trustedBonus25% deposit bonusBest Gold BrokerRegulated by ASICAdd to compare listRating 4.5 / 5Start trading
Pros, cons & fees
Free VPS hostingSpecialized trading accounts24/7 instant money withdrawalRead review
Pros

  • Highly Regulated and Trustworthy

  • Excellent Asset Selection

  • Multiple Account Types

Cons

  • High Minimum Deposit for Best Conditions

  • Limited Educational Resources

  • Occasional Customer Support Delays

18Strifor trusted Investor protectionBonusDeposit Bonus by Strifor VIP ClubIslamic Swap-Free AccountMin deposit $0.1Max leverage 1:500Regulated by FSCAdd to compare listRating 4.5 / 5Start trading
Pros, cons & fees
Specialized trading accountsBonus OfferLoyalty ProgramRead review
Pros

  • One notable advantage is the availability of an Islamic account, which adheres to Sharia law and allows for interest-free trading.

  • The broker provides multiple account types, including Basic, Advanced, Professional, and Islamic, each catering to different levels of experience and financial capabilities.

  • Customer support at Strifor is accessible through several channels, including phone, email, Telegram, and WhatsApp, ensuring that help is available when needed.

Cons

  • One significant risk is the potential non-return of funds in crypto payments, which may concern traders who favor digital currencies for transactions.

  • The broker offers a singular trading platform, limiting choices for users who might prefer alternatives.

  • The broker's services are not available to residents of the United States, restricting access for a significant portion of potential clients.

Withdrawal fee 1%Deposit fee $0
19TIOmarkets trusted Investor protectionBonusLoyalty Deposit Bonus by TIOmarkets800+ Stocks and Multiple MarketsMin deposit $20Max leverage 1:500 - Unlimited (Terms apply)Regulated by FSA, MISA, FCAAdd to compare listRating 4.5 / 5Start trading
Pros, cons & fees
Low Minimum DepositUnlimited LeverageCopy and Islamic TradingRead review
Pros

  • Unlimited Leverage: Traders can access unlimited leverage on the Standard account through MT5, subject to the broker's terms and conditions.

  • Commission-Free Trading: Traders can trade with $0 commission per lot on TIOmarkets’ Standard and VIP Black accounts.

  • Low Trading Costs: Raw spreads start from 0.0 pips on the Raw account while Standard and VIP Black accounts offer commission-free trading.

Cons

  • Unlimited Leverage Has Restrictions: The broker can reduce available leverage during high-impact news events and around weekends.

  • Higher Minimum Deposit on Some Accounts: Raw requires $250, while VIP Black requires a minimum deposit of $1,000.

  • Bonus Availability: The 30% loyalty bonus comes with specific terms and is available only under certain conditions.

Withdrawal fee $0 for withdrawals of $20 or more (conditions apply)Deposit fee $0 for deposits of $20 or more
20NPBFXBonusUp to 30% deposit bonus1:200 Max LeverageMin deposit 10$Max leverage 1:200Regulated by FSCAdd to compare listRating 4.4 / 5Start trading
Pros, cons & fees
Read review
Pros

  • Competitive Spreads and Leverage

  • Fast Order Execution

  • Flexible Trading Strategies

Cons

  • Lack of Major Regulatory Oversight

  • Limited Platform Options

  • Limited Educational Resources

Deposit fee No

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Our ranking methodology and selection process