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Forex Iraq  

WikiFX | 2025-04-27 18:03

摘要: Forex Iraq is an unregulated brokerage with 1-2 years of establishment in Iraq and offers trading services to a global clientele. The company operates with a focus on Forex, shares, metals, commodities, and indices, catering to traders with three account types: Primitive, Progressive, and Prime. While the Primitive and Progressive accounts require a minimum deposit of $100, the Prime account sets a higher threshold at $50,000. Traders can access leverage up to 1:175, with varying spreads, the lowest being in the Prime account.   Deposits and withdrawals are facilitated through E-Wallets, including AsiaHawala, ZainCash, PayPal, WebMoney, FastPay, and cryptocurrency. Forex Iraq primarily employs the MetaTrader 5 platform and offers customer support through emails and phone channels.

Forex Iraq Review Summary
Founded2022
Registered Country/RegionIraq
RegulationNot regulated
Market Instruments60+ currency pairs, commodities, indices, stocks
Demo Account✅
LeverageUp to 1:100
SpreadFrom 1.5 pips (Standard Account Type A)
Trading PlatformMetaTrader 5 (Desktop & Mobile)
Min Deposit$50
Customer SupportAddress: Office #16, 2nd Floor, AB White Building, Gulan St., Erbil 44001, Iraq
E-mail: info@forexiraq.net
Phone: +964-0770-198-9494, +964-0750-198-9494

Forex Iraq Information

Forex Iraq is an unregulated broker founded in 2022 and registered in Iraq. It offers a variety of trading instruments including forex, indices, commodities, and stocks via MetaTrader 5. It supports Islamic and demo accounts, however it is unregulated.

Forex Iraq Information

Pros and Cons

ProsCons
Offers demo and Islamic accountsNot regulated
Supports MetaTrader 5 on all devicesNo clear info on deposit/withdrawal fees
Multiple funding options (crypto, e-wallets)No MT4 or alternative platforms

Is Forex Iraq Legit?

Forex Iraq is not regulated as a forex or CFD broker in its registered country, Iraq. Furthermore, it does not hold licenses from any internationally recognized regulatory bodies such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), or CySEC in Cyprus.

Is Forex Iraq Legit?

According to the WHOIS database, the domain forexiraq.net was registered on January 20, 2022, and is set to expire on January 20, 2026. The domain was last updated on January 28, 2025, and is currently protected against unauthorized modifications

Is Forex Iraq Legit?

What Can I Trade on Forex Iraq?

Forex Iraq offers 60+ currency pairs along with various commodities, indices, and stocks for trading.

Tradable InstrumentsSupported
Forex (60+ pairs)✅
Commodities✅
Crypto❌
CFD✅
Indices✅
Stock✅
ETF❌
What Can I Trade on Forex Iraq?

Account Types

The broker offers a total of four live account types: Daily Trading A, Daily Trading B, Standard Account Type A, and Standard Account Type B. In addition to live accounts, the broker also provides a demo account for practice and Islamic (swap-free) accounts upon request.

Account TypeMin DepositSpreadsLeverageCommissionPlatformBest For
Daily Trading A$1000.0 - 0.5 pip1:50$10MetaTrader 5Pro/active traders
Daily Trading B$1000.5 - 1.5 pip1:50$0MetaTrader 5Day traders avoiding fees
Standard Account Type A$501.5 - 2.5 pip1:100$0MetaTrader 5Beginners, casual traders
Standard Account Type B$500.5 - 1.0 pip1:100$15MetaTrader 5Swing traders, mid-volume
Account Types

Leverage

The broker offers maximum leverage of up to 1:100, depending on the account type. Leverage allows traders to control larger positions with a smaller amount of capital, which can significantly amplify both profits and losses.

Forex Iraq Fees

Forex Iraqs trading fees are generally competitive compared to industry standards. The broker offers tight spreads on certain accounts—as low as 0.0 pip on Daily Trading A, though it charges a $10 commission. Other accounts offer wider spreads but are commission-free or have different fees, like Standard Account B which has 0.5–1.0 pip spreads with a $15 commission. Islamic (swap-free) accounts are available upon request.

Account TypeSpreadsCommission
Daily Trading A0.0 – 0.5 pip$10/lot
Daily Trading B0.5 – 1.5 pip$0
Standard Account A1.5 – 2.5 pip$0
Standard Account B0.5 – 1.0 pip$15/lot

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MetaTrader 5 Desktop✔Windows, macOSAdvanced traders needing full desktop tools
MetaTrader 5 Mobile✔Android, iOSTraders on-the-go who value flexibility
MetaTrader 4❌--
cTrader❌--

Deposit and Withdrawal

Forex Iraq does not clearly state if they charge deposit or withdrawal fees; traders are advised to confirm with customer service. The minimum deposit is $50, depending on the account type.

Payment MethodMin. Deposit/WithdrawalFeesProcessing Time
AsiaHawala$50Not mentionedNot mentioned
ZainCash$50Not mentionedNot mentioned
PayPal$50Not mentionedNot mentioned
WebMoney$50Not mentionedNot mentioned
FastPay$50Not mentionedNot mentioned
Cryptocurrency$50Not mentionedNot mentioned
Deposit and Withdrawal

相关交易商

暂无监管
Forex Iraq
公司名称:Myrtle Financial Consultation Co., Ltd
天眼评分
1.39
官方网址:https://www.forexiraq.net/
2-5年 | 监管牌照存疑 | 展业区域存疑 | 高级风险隐患
天眼评分
1.39

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