info@comparebrokers.org +44 207 994 644

2022 Guide to investing in Stocks, Shares, CFD's, Cryptocurrencies, Commodities and more in Iraq

The best Iraq trading platforms
The Best Iraq Brokers 2022

This guide to the reputable brokers in Iraq has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

This review contains the latest details about finding a reputable online broker in Iraq.

If you're a new entrant in the world of trading and brokerage, so many details will be confusing for you. Getting into the world of trading requires expert assessing skills and comprehensive knowledge. You'll acquire proficient skills at all the concepts of brokerage since you continue trading. For starters, you have to select the best agent in Iraq who'll be transparent with you always.

In this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment plan is key to your success.

We currently have 18 Online Brokers that we think are the Professional Trading Patforms in Iraq

Who Are The Professional Iraq Online Brokers?

This guide has been collated to help you find a reputable Iraq broker. When searching for an experienced, reliable broker in Iraq it can be a little confusing.  Below we explain what your trading options are in Iraq and what Iraq brokers can offer you.

A free trial of a minimum of three weeks is a great way to understand the capabilities and reliability of any Iraq broker. Before making any ultimate decisions, you want to be able test the broker's platform and software in real-time but with little risk. A demo account allows you to experiment with the software and see how comfortable you are with its tools. A top broker in Iraq should make it as simple as possible for any trader. They shouldn't have to do extensive research nor set up multiple accounts before they let you start investing.

We currently have 18 Brokers from our research that we believe are the Professional Brokers in Iraq

Ducascopy Bankphillip capital limitedtradeoCFI MarketsOinvestDirectshareslandfxeOptionSharekhanhuobiGo MarketsCity Credit CapitalWilsons Advisory And Stockbrokingfx openEvolution BrokersForest Park FXCoinbaseEzinvest
Find Out More
Rating4.61/54.70/56.35/54.33/54.94/55.98/55.85/52.46/56.03/57.45/55.96/54.61/52.28/54.35/55.71/54.51/54.38/56.08/5
Minimum Deposit$5000$250$250$100$200$100$250$500$0$250$1$500$100$250$300$10$100$500
Year Founded199820162011201220192007201320082000201320092001200820192008200819892008
HeadquartersSwitzerlandBulgariaRussiaCyprusSouth AfricaAustraliaLebanonUSAIndiaChinaAustraliaUKAustraliaPuerto RicoBelizeUnited KingdomUnited StatesCyprus
Regulated ByFinancial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F295Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F326Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), The Federal Financial Supervisory Authority Bundesanstalt f??????r Finanzdienstleistungsaufsicht (BaFin)Southern African Financial Sector Conduct Authority (FSCA)The Portuguese Securities Market Commission (CMVM)Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F268UnregulatedSecurities and Exchange Board of India (SEBI), Member of the Bombay Stock ExchangeFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F257Australian Securities and Investment Commission (ASIC)Financial Conduct Authority (FCA)UnregulatedFinancial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F238Cyprus Securities and Exchange Commission (CySEC)Financial Conduct Authority (FCA)Financial Conduct Authority (FCA)Cyprus Securities and Exchange Commission (CySEC)
Clients10,000+10,000+250,000+10,000+10,000+10,000+14,000+10,000+1,500,000+10,000+10,000+10,000+10,000+60,000+10,000+10,000+10,000+10,000+
Risk WarningLosses can exceed depositsYour capital is at riskYour capital is at riskLosses can exceed depositsCFDs and derivatives are leveraged products and involve high level of risk. Trading on such financial instruments may result in losing all of your invested capital. Past performance of financial instruments does not guarantee future performance.Your capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskPrices of digital assets are highly volatile, users could lose all or a substantial portion of the value of any digital asset they purchase.Losses can exceed depositsLosses can exceed depositsYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskYour capital is at riskCFDs are complex instruments and come with a high risk of losing money due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider.
Withdrawal FeesYesYesYesYesNoYesNoYesYesNoYesNoYesNoYesYesNoNo
Inactivity FeesNoYesNoYesYesNoNoNoNoNoNoYesYesNoYesYesNoYes
Deposit Fees50002502501002001002505000250150010025030010100500
CFD FeesNoNoYesYesYesNoNoNoYesNoNoNoYesNoNoYesNoNo
Accepts Credit CardsYesYesYesYesYesYesYesYesNoYesYesYesYesYesYesYesYesYes
Accepts PayPalNoYesYesNoNoNoYesNoNoYesNoNoNoYesNoNoNoNo
Accepts SkrillNoYesYesNoNoNoYesNoNoYesNoNoNoYesNoNoNoYes
Accepts PayoneerYesYesYesYesYesYesYesYesNoYesYesYesYesYesYesYesYesNo
Accepts NetellerNoYesYesNoNoNoYesNoNoYesNoNoNoYesNoNoNoYes

Online Stock Trading In Iraq

Trading stocks and shares in Iraq is highly regulated and considered very secure. However, conscious that any investment can go down as well as up, which means that your capital is in danger.

If you're just starting out with online trading then it is suggested to get a demo account with a regulated agent so that you can find out the strategies without the danger of losing cash.

Live Forex Trading In Iraq

Forex is the biggest liquid financial market in the world using a daily monetary exchange turnover of over $5 trillion (BIS data April 2016).

Forex (Abbreviation of Foreign Exchange) is a currency exchange involving two different countries and the following management of the consequent position in which one currency gains and the other loses.

It's simple to do Live Forex Trading in Iraq using seasoned online brokers

Live CFD Trading In Iraq

CFD trading is the selling and buying of contracts for difference via an online trading platform in Iraq. When trading CFDs you are entering into an agreement to exchange the difference in the price of an asset from the point at which the contract is opened to when it is closed.

Spread Betting In Iraq

Spread Betting in Iraq is possible using experienced online trading platforms like XM or IC Markets. It is a simple bet as to whether the price will go up or down.  Often, the Iraq brokers will display the prices you have.

If you are looking at how to do spread betting in Iraq then it is a good idea to start with a demo account with either XTM or 101Investing so that you can practice with fake currency before risking your own capital.

Trading Forex in Iraq

Internationally, Iraq is considered safe to do online trading and has access to other global financial centers. In Iraq, online brokers are highly regulated, experienced and supportive. 

However, it is always important to be as informed as possible so below are some of the important things a trader should know:

The financial markets in Iraq are professional and are seen are trustworthy due to regulation and compliance by the local Fiancial trade authority in Iraq.

The online trading solutions used by brokers in Iraq are thoroughly tested and highly rated.

Whichever Online Trading Platforms in Iraq you decide to use, make sure they have all of the following:

  • Easy to use platform
  • Availability of a risk management tool
  • Good or fast execution speed
  • High quality charts
  • Capable of doing social trading
  • Quick online help or support

Challenges Of Using Online Trading Platforms in Iraq

The US Dollar is considered the base currency globally so even a little change in the US financial markets could affect the economic markets in Iraq. The EU is also a large economy and changes there could affect the financial markets in Iraq.

Like every country there are opportunities in Iraq financial markets and overall the outlook is positive. However, like in all global economic markets we recommend that any Online Trading Brokers in Iraq you decide to use, make sure you do your due diligence first before risking any real money. We have collated thousands of datapoints and written this guide to help you find the Best Trading Platforms in Iraq.  We hope that by using this guide you will find a professional broker that matches your needs.

Frequently Asked Questions About Trading Forex In Iraq

Is Forex Trading Legal In Iraq?

There is a growing misconception that trading Forex in Iraq is deemed unsafe. This isn't the situation, Forex trading in Iraq is quite active, safe and regulated.

Trading in Forex is permitted in Iraq as for any company to trade internationally, foreign currency must be exchanged. Any time you buy something and it is sent from overseas, there will be multiple money exchanges by multiple businesses to receive that thing to you.

The important issue is that if trading Forex in Iraq you select one of the top online agents.

Do Forex Traders Pay Tax In Iraq?

Once a trader is successful and their profits achieve a particular level then they can be taxed in Iraq as per the standard tax rules.

Tax returns must always be filed even if there is a loss. You should seek advice with a registered accountant in Iraq to ensure you are abiding by all current local laws since it is very dependent on your personal circumstances.

Can You Trade Cryptocurrencies In Iraq?

Cryptocurrency markets in Iraq are quite new. As Cryptocurrencies work on decentralised resources in Iraq things like interest rate fluctuations and political instability don't affect them as far as the fiat markets.

Cryptocurrencies are more popular with the younger generations as well as growing income amounts and technology adoption, trading cryptocurrency in Iraq is rising day by day. It's still small compared to the Forex markets but around $6 billion USD of Bitcoin is traded every day.

Can You Trade Commodities In Iraq?

Commodities trading in Iraq includes trading in things like precious metals, energies and agricultural commodities.

Some products like agricultural are seeing exponential growth inIraq.

Fast growing economies like India have a big need for many basic raw materials for their inhabitants. This means that states like Iraq can benefit from this circumstance.