Forex Iraq 　

WikiFX | 2026-04-20 22:34

Extrait：　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
Founded	2022
Registered Country/Region	Iraq
Regulation	Not regulated
Market Instruments	60+ currency pairs, commodities, indices, stocks
Demo Account	✅
Leverage	Up to 1:100
Spread	From 1.5 pips (Standard Account Type A)
Trading Platform	MetaTrader 5 (Desktop & Mobile)
Min Deposit	$50
Customer Support	Address: 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.

Pros and Cons

Pros	Cons
Offers demo and Islamic accounts	Not regulated
Supports MetaTrader 5 on all devices	No 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.

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

What Can I Trade on Forex Iraq?

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

Tradable Instruments	Supported
Forex (60+ pairs)	✅
Commodities	✅
Crypto	❌
CFD	✅
Indices	✅
Stock	✅
ETF	❌

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 Type	Min Deposit	Spreads	Leverage	Commission	Platform	Best For
Daily Trading A	$100	0.0 - 0.5 pip	1:50	$10	MetaTrader 5	Pro/active traders
Daily Trading B	$100	0.5 - 1.5 pip	1:50	$0	MetaTrader 5	Day traders avoiding fees
Standard Account Type A	$50	1.5 - 2.5 pip	1:100	$0	MetaTrader 5	Beginners, casual traders
Standard Account Type B	$50	0.5 - 1.0 pip	1:100	$15	MetaTrader 5	Swing traders, mid-volume

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 Type	Spreads	Commission
Daily Trading A	0.0 – 0.5 pip	$10/lot
Daily Trading B	0.5 – 1.5 pip	$0
Standard Account A	1.5 – 2.5 pip	$0
Standard Account B	0.5 – 1.0 pip	$15/lot

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MetaTrader 5 Desktop	✔	Windows, macOS	Advanced traders needing full desktop tools
MetaTrader 5 Mobile	✔	Android, iOS	Traders 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 Method	Min. Deposit/Withdrawal	Fees	Processing Time
AsiaHawala	$50	Not mentioned	Not mentioned
ZainCash	$50	Not mentioned	Not mentioned
PayPal	$50	Not mentioned	Not mentioned
WebMoney	$50	Not mentioned	Not mentioned
FastPay	$50	Not mentioned	Not mentioned
Cryptocurrency	$50	Not mentioned	Not mentioned