Expert reviews, ratings, and trading conditions for Iraq-regulated forex brokers. Filtered by composite score, tier, spread, and platform.
Iraq hosts a diverse selection of forex brokers, subject to varying levels of regulatory oversight. We have reviewed 4 brokers in this jurisdiction with an average editor rating of 1.5/10.
Broker leverage in Iraq is shaped by both the local regulator's requirements and international agreements. Our data shows maximum available leverage of up to 1:500, with minimum deposit thresholds from $0.
Traders based in or targeting Iraq should verify that their chosen broker holds the appropriate local license alongside any international certifications. Our tiered comparison table (Globally Licensed → Offshore → Unlicensed) makes it easy to identify brokers with the strongest regulatory standing. Smart Trader currently ranks #1 among Iraq brokers in our 2026 composite score analysis.
| Broker | Rating | Spread | Key Metrics | Platform | |
|---|---|---|---|---|---|
|
Score: 2.6
5-10 years
|
N/A |
No USDT
|
MT5
|
||
|
Score: 1.5
2-5 years
|
N/A |
No USDT
|
—
|
||
|
Score: 1.5
2-5 years
|
N/A |
No USDT
|
MT4 MT5
|
||
|
Score: 1.2
1-2 years
|
N/A |
No USDT
|
MT4 MT5
|
No, Smart Trader is not regulated by any recognized financial authority. This lack of regulation means clients may face higher risks due to the absence of investor protection typically provided by regulated brokers.
Smart Trader offers a limited selection of trading instruments, primarily focusing on forex and commodities. Clients can trade various currency pairs as well as commodities such as gold, silver, and oil.
The minimum deposit required to open an account with Smart Trader is $100, making it accessible for all traders.
Smart Trader provides several contact methods for customer assistance, including email at info@smarttraderiraq.com and telephone at +964 07709128787. They also have a presence on social media platforms for additional support.
Myrtle is currently not regulated by any recognized financial authority. This means that while we offer trading services, clients should be aware of the inherent risks associated with trading through an unregulated broker. We suggest that clients conduct thorough research and consider their risk tolerance before engaging in trading activities.
Myrtle provides access to over 60 currency pairs, commodities, indices, and stocks through the MetaTrader 5 platform. The minimum deposit requirement is $50, with leverage up to 1:100. Spreads start from 1.5 pips on our Standard Account Type A. We also offer both Islamic (swap-free) and demo accounts for our clients.
While Myrtle does not have regulatory oversight, we prioritize the security of client funds by employing secure payment methods and maintaining a transparent operational process. However, clients should be aware that the absence of regulation can pose additional risks. We encourage clients to use strong passwords and enable two-factor authentication for their accounts.
Myrtle offers customer support via email at info@myrtle.ltd and by phone at +964 0770-198-9494. Our team is available to assist with inquiries regarding account setup, trading conditions, or any other concerns. We strive to provide timely and helpful responses to all client inquiries.
