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Rating Index

Pros

Offers a variety of trading instruments, including forex, indices, commodities, and stocks.

Provides access to the popular MetaTrader 5 trading platform, available on multiple devices.

Allows for the opening of demo accounts and Islamic (swap-free) accounts.

Cons

Unregulated, which poses a higher risk for traders regarding the safety of their funds.

Lacks clear information on deposit and withdrawal fees, potentially leading to unexpected costs.

Limited customer support options, which may affect assistance during trading issues.

MYRTLE broker Accounts

Forex Iraq Account Type

Forex Iraq offers three distinct account types tailored to different trading needs: Primitive Account, Progressive Account, and Prime Account.

Primitive Account:

Minimum Deposit: $100
Maximum Leverage: 1:175
Minimum Spread: Less than 1.5 pips
Commission: $22
Supported EA: Yes
Products Available: 62 currency pairs, 6 precious metals, 37 CFD instruments, and over 240 shares.

Progressive Account:

Minimum Deposit: $100
Maximum Leverage: 1:175
Minimum Spread: Less than 1.0 pips
Commission: $21
Supported EA: Yes
Products Available: Same as Primitive Account.

Prime Account:

Minimum Deposit: $50,000
Maximum Leverage: 1:175
Minimum Spread: 0.0 pips
Commission: $20
Supported EA: Yes
Products Available: Same as Primitive Account.

Forex Iraq Broker Account Opening Process

To open an account with Forex Iraq, follow these steps:

Visit the Website: Go to the Forex Iraq website at forexiraq.net.
Registration: Click on the “Create an Account” button on the homepage.
Choose Account Type: Select whether you want a real account or a demo account.
Fill in Personal Information: Provide your full name, email address, phone number, and any other necessary details.
Read and Accept Terms: Review the broker's terms and conditions, privacy policy, and other legal agreements, then accept them.
Verify Identity: You may need to upload a valid ID document and proof of address for security purposes.
Set Login Credentials: Create a username and password for your account.
Submit Registration: Click “Submit” or “Register” to complete your account registration. You may receive a confirmation email with further instructions.