Forex brokers in Iraq

Here you can find a list of the best global Forex brokers online accepting traders in Iraq for Forex trading.

Popularity
Min. Deposit 200 €
ECN
Leverage ≤1:500
العربية
Platforms MT4 ✓ MT5 ✓ cTrader ✓
Popularity
Min. Deposit 5 €
ECN
Leverage ≤1:1000
العربية
Platforms MT5 ✓
Popularity
Min. Deposit 5 €
ECN
Leverage ≤1:3000
العربية
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit 100 €
ECN (min. deposit) 100 €
Leverage ≤1:500
العربية
Platforms MT4 ✓ MT5 ✓
No Deposit Bonus $30
Popularity
Min. Deposit 5 €
ECN
Leverage ≤1:1000
العربية
Platforms MT4 ✓ MT5 ✓
Popularity
ECN
العربية
Platforms MT4 ✓ MT5 ✓ cTrader ✓
Popularity
Min. Deposit 100 €
ECN
Leverage ≤1:400
العربية
Platforms MT4 ✓ MT5 ✓
Popularity
ECN
Leverage ≤1:2000
العربية
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit 100 €
ECN (min. deposit) 200 €
Leverage ≤1:3000
العربية
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit $100
ECN (min. deposit) $100
Leverage ≤1:500
العربية
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit 1 €
ECN (min. deposit) 2000 €
Leverage ≤1:500
العربية
Platforms MT4 ✓ MT5 ✓ cTrader ✓
Popularity
Min. Deposit 1 €
ECN
Leverage ≤1:1000
العربية
Platforms MT4 ✓ MT5 ✓
No Deposit Bonus $30
Popularity
Min. Deposit 10 €
ECN
Leverage ≤1:1000
العربية
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit 100 €
ECN (min. deposit) 100 €
Leverage ≤1:200
العربية
Platforms MT4 ✓
Popularity
ECN
العربية
Popularity
Min. Deposit 100 €
ECN
Leverage ≤1:500
العربية
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit 10 €
ECN
Leverage ≤1:1000
العربية
Platforms MT4 ✓ MT5 ✓
No Deposit Bonus $100
Popularity
Min. Deposit 1 €
ECN (min. deposit) 100 €
Leverage ≤1:500
العربية
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit 100 €
ECN (min. deposit) 100 €
Leverage ≤1:1000
العربية
Platforms MT4 ✓
Popularity
Min. Deposit 20 €
ECN
Leverage ≤1:1000
العربية
Platforms MT4 ✓ MT5 ✓
Bonus 120%
Popularity
Min. Deposit 200 €
ECN
Leverage ≤1:500
العربية
Platforms MT4 ✓ MT5 ✓ cTrader ✓
Popularity
Min. Deposit 10 €
ECN (min. deposit) 500 €
Leverage ≤1:500
العربية
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit 30 €
ECN (min. deposit) 500 €
Leverage ≤1:3000
العربية
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit 1000 €
ECN (min. deposit) 1000 €
Leverage ≤1:400
العربية
Platforms MT4 ✓ MT5 ✓
Popularity
Min. Deposit $1
ECN
Leverage ≤1:3000
العربية
Popularity
Min. Deposit 25 €
ECN
Leverage ≤1:1000
العربية
Popularity
Min. Deposit 1 €
ECN
Leverage ≤1:1000
العربية
Platforms MT4 ✓ MT5 ✓
No Deposit Bonus $10
Popularity
Min. Deposit 100 €
ECN (min. deposit) 100 €
Leverage ≤1:30
العربية
Platforms MT4 ✓

Forex trading in Iraq is possible but The Central Bank of Iraq has implemented strict regulations and controls on foreign exchange transactions, making it difficult for individuals and businesses to access foreign currency.

Despite this challenge, some traders in Iraq still participate in the forex market through online platforms and international brokers that operate in the country. However, it is important to exercise caution and thoroughly research any potential risks before entering the market.

What is Forex?



Forex is a shortened term used for "FOReign EXchange" (commonly known as FX), it is typically used to describe the process of buying and selling currencies. Forex is a global market for the trading of currencies, it is the largest market in the world, opened 24 hours a day from Sunday evening until Friday night. Forex is also the most liquid financial market, there is a huge trading volume: each day, more than 5 trillion dollars are exchanged, there are always a lot of trades.

Forex trading



Currency values rise and fall against each other due to a number of economic, technical and geopolitical factors. The common goal of forex trading is to profit from these changes in the value of one currency against another. All forex pairs are quoted in terms of one currency versus another, Forex trading is the act of simultaneously buying one currency while selling another. Each currency pair has a "base" currency and a "counter" currency. The base currency is the currency on the left of the currency pair and the counter currency is on the right. For example, in EUR/USD, EUR is the "base" currency and USD the "counter" currency. A forex trader will buy a currency pair if he expects its exchange rate will rise in the future and sell a currency pair if he expects its exchange rate will fall in the future.

What is a broker?



Traders must conduct their trading activities through a forex broker. A broker acts as an intermediary between the buyer and the seller involved in a forex transaction. They provide trading platforms that allow traders to buy and sell foreign currencies. Traders have to take the time to research and compare options to find the broker that best fits their needs.