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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.

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61MauntoMultiple Account TypeMin deposit 250$Max leverage 1:400Regulated by NoAdd to compare listRating 4.4 / 5Start trading
Pros, cons & fees
Robust Customer SupportMultiple Account TypeRead review
Pros

  • Offers multiple account types to cater to different trading preferences.

  • Implements negative balance protection, safeguarding traders from losses exceeding their account balance.

  • Provides an excellent range of instruments, including Forex, indices, metals, stocks, cryptocurrencies, and commodities.

Cons

  • Restricted regional availability may limit access for traders from certain regions.

  • The lack of MT4 and MT5 trading platforms may disappoint traders accustomed to these popular platforms.

  • According to few reviews, the withdrawal process can be lengthy, taking 8-10 business days, which may inconvenience traders needing prompt access to their funds.

Withdrawal fee 3.5% / 30$Deposit fee No
62GO Markets Investor protectionBonusVolume Rebate Program by GO MarketsGreat Customer ServiceMin deposit $0Max leverage 1:500Regulated by FSC, ASIC, CySEC +2Add to compare listRating 4.1 / 5Start trading
Pros, cons & fees
24/6 Multilingual SupportAffiliate ProgramTier-1 RegulationsRead review
Pros

  • Highly Regulated Broker: GO Markets is licensed by ASIC (Australia), CySEC (Cyprus), FSC (Mauritius), and FSA (Seychelles).

  • Extensive Range of Tradable Assets: The broker offers 600+ instruments, such as forex, indices, commodities, metals, cryptocurrencies, and CFDs on global stocks.

  • Multiple Trading Platforms: Unlike most brokers who merely support MT4 or MT5, GO Markets provides cTrader, TradingView, and WebTrader as well.

Cons

  • No Fixed-Spread Accounts: All accounts are variable spread, which might not suit traders who prefer the stability of fixed spreads.

  • Regional Restrictions: Clients from certain countries, including the US and Canada, cannot open accounts due to regulatory limitations.

  • No Islamic or Swap-Free Accounts: Go Markets does not offer Islamic or Swap-Free accounts unlike many popular brokerages.

63IUX Investor protectionBest For High Volume TradingMin deposit $50Max leverage 1:3000Regulated by ASIC, FSCA, FSCAdd to compare listRating 4.1 / 5Start trading
Pros, cons & fees
Specialized trading accountsRead review
Pros

  • Multi-Regulated Broker: IUX is regulated by ASIC (Australia), FSCA (South Africa), and FSC (Mauritius). The multi-regulated setup allows flexible trading conditions and security features.

  • Ultra-Low Trading Costs and High Leverage Options: Spreads starting from 0.0 pips on Raw accounts with competitive $7 per lot commission. Standard accounts offer commission-free trading with spreads from 0.2 pips. The company offers 1:3000 leverage across all account types, providing significant trading flexibility for experienced traders.

  • Very Low Barrier to Entry: Traders can start trading with as little as $10, making the company one of the most accessible brokers for beginners and traders with limited capital.

Cons

  • Limited Geographic Availability: The broker does not operate in the US, UK, EU, Canada, Australia, Japan, and several other restricted countries.

  • No MetaTrader 4 Support: Only MT5 is available for those who prefer MetaTrader platforms, which may disappoint traders accustomed to MT4.

Withdrawal fee $0Deposit fee $0

Our ranking methodology and selection process