To help you find the best CFD broker in Iran for 2021, we went ahead and did the research for you. First, we selected 81 quality online brokers, then we checked and compared their CFD fees, product selection, deposit and withdrawal options, trading platforms and more. We dug deep so you don't have to. 3 brokers made it to the top in Iran. We strongly recommend all 3 to you. And now, without further ado...
Our top 3 picks for the best CFD brokers of 2021 for citizens in Iran:
- HYCM is the best CFD broker in Iran in 2021. Low forex and CFD fees. Great educational content. User-friendly account opening.
- MultiBank takes the second place. Fast and easy account opening. Free and multiple deposit and withdrawal options. Fast and relevant customer service.
- FXTM rounds out the top three. Superb customer service. Great educational tools. Digital and fast account opening.
| Broker | CFD fee score | CFD product selection score | |
|---|---|---|---|
| #1 | HYCM | 4.7 stars | 3.7 stars |
| #2 | MultiBank | 2.4 stars | 2.0 stars |
| #3 | FXTM | 2.6 stars | 1.7 stars |
What makes a good CFD broker? First of all, fair fees. They should provide access to lots of products as well as easy account opening and depositing. Having a great trading platform is also a strong plus for a good CFD broker.
Easy to list, but hard to figure out. We are testing brokers based on more than 300 criteria with real accounts and real money. We know what's going on. You can find the details of all the ranking criteria in our methodology.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take that kind of risks. If you don't have a clue what a CFD is, you should start by reading more about CFD trading.
Not sure which broker to choose? For a tailored recommendation, check out our broker finder tool. Just enter the name of your country and you will see only the relevant brokers. Want more details? Compare brokers with this in-depth comparison table.
And now, let's see the best CFD brokers for Iranian citizens in 2021 one by one. Starting with the winner, HYCM.
#1 Best CFD broker
HYCM
HYCM or Henyep Markets is a global CFD and forex broker. HYCM's parent company, Henyep was established in 1977. The broker is regulated by several financial authorities globally, including the UK Financial Services Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
HYCM's UK operation is considered safe because it has a long track record and it is regulated by the top-tier FCA.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex and cfd traders who prefer the metatrader platform
| Pros | Cons |
|---|---|
| • Low forex and CFD fees | • Only forex and CFD products |
| • Great educational content | • Trading platforms have outdated design |
| • User-friendly account opening | • Inactivity fee |
#1 HYCM
Fees
HYCM has low forex and CFD trading fees. It's also great that the broker charges no deposit and withdrawal fees in most cases. On the negative side, there is a quite high inactivity fee.
| Pros | Cons |
|---|---|
| • Low forex fees | • Inactivity fee |
| • Low CFD fees |
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| S&P 500 index CFD fee | $1.0 | $1.3 | $2.2 |
| Europe 50 index CFD fee | $0.9 | $2.1 | $2.4 |
| Apple CFD | $1.8 | $25.7 | $17.5 |
| Vodafone CFD | - | $25.8 | - |
| EURUSD benchmark fee | $7.1 | $6.7 | $8.2 |
| GBPUSD benchmark fee | $8.2 | $6.2 | $7.4 |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Account fee | No | No | No |
| Inactivity fee | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $3 |
#1 HYCM
Markets and products
At HYCM you can only trade with forex and other CFDs (commodities, stock indices, futures, and share CFDs). Popular asset classes, such as real stocks, bonds, mutual funds and options are missing.
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Currency pairs (#) | 70 | 27 | 48 |
| Stock index CFDs (#) | 28 | 7 | 11 |
| Stock CFDs (#) | 65 | 1,000 | 200 |
| ETF CFDs (#) | 20 | - | - |
| Commodity CFDs (#) | 17 | 6 | 3 |
| Bond CFDs (#) | - | - | - |
| Cryptos (#) | 64 | 4 | 4 |
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Stock | No | No | Yes |
| ETF | No | No | No |
| Forex | Yes | Yes | Yes |
| Fund | No | No | No |
| Bond | No | No | No |
| Options | No | No | No |
| Futures | No | No | No |
| Crypto | Yes | Yes | Yes |
#1 HYCM
Account opening
The account opening at HYCM is seamless and fully digital. Our account was verified within one business day. The minimum deposit is also low: $100 for Classic and Fixed accounts and $200 for Raw accounts.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Minimum deposit | $100 | $50 | $10 |
| Time to open account | 1 day | 1 day | 1 day |
#1 HYCM
Deposit and withdrawal
HYCM offers free and fast deposit and withdrawal options, including traditional methods such as bank transfer and credit card funding as well as various e-wallets. On the other hand, the number of available account currencies lags behind some of HYCM's competitors.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Average account currency selection |
| • Free withdrawal | |
| • No deposit fee |
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $3 |
#1 HYCM
Web trading platform
HYCM's web trading platform is provided by MetaTrader. It is highly customizable, available in many languages and has a clear fee report. On the other hand, the platform lacks a two-step login or price alerts and its design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation | • Poor design |
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Web platform score | 2.8 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.4 stars | 3.4 stars | 3.4 stars |
| Can you set leverage manually? | No | No | Yes |
#1 HYCM
Verdict
HYCM is a forex and CFD broker regulated by several authorities globally, including the top-tier FCA.
On the plus side, HYCM has low forex and CFD fees. The education section, especially the webinars are more informative and enjoyable than what some other brokers offer. The account opening is seamless and there are a lot of free deposit & withdrawal options.
On the flip side, the product portfolio at HYCM is limited as the broker only offers forex and CFDs. In our view, the MetaTrader platforms that the broker uses have an outdated design. HYCM charges an inactivity fee: $10 per month after only 90 days of inactivity.
We recommend HYCM for those who are interested in CFD and forex trading and prefer MetaTrader trading platforms. Feel free to test it via the demo account.
| HYCM | |
|---|---|
| Summary | HYCM is a global forex and CFD broker regulated by many financial authorities globally, including the top-tier FCA. |
| Fees score | 4.1 stars |
| Recommended for | Forex and CFD traders who prefer the MetaTrader platform |
#2 Best CFD broker
MultiBank
MultiBank is a global CFD and FX broker. MultiBank Group is a global financial group that includes companies from asset management to brokerage. MultiBank's brokerage service is operating under several legal entities regulated by Australian ASIC and other financial regulators. In this review, we use MultiBank as a name for the brokerage service.
MultiBank is considered safe because it is regulated by the top-tier ASIC and has a long history, dating back to 2005.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex and cfd traders familiar with the metatrader trading platform
| Pros | Cons |
|---|---|
| • Fast and easy account opening | • High stock CFD and inactivity fee |
| • Free and multiple deposit and withdrawal options | • Limited product coverage |
| • Fast and relevant customer service | • Basic research and educational tools |
#2 MultiBank
Fees
MultiBank does not charge any withdrawal fees and has low forex and stock index CFD fees. On the other hand, the stock CFD and inactivity fees are high.
| Pros | Cons |
|---|---|
| • Low forex fees | • High inactivity fee |
| • No withdrawal fee | • High stock CFD fees |
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| S&P 500 index CFD fee | $1.0 | $1.3 | $2.2 |
| Europe 50 index CFD fee | $0.9 | $2.1 | $2.4 |
| Apple CFD | $1.8 | $25.7 | $17.5 |
| Vodafone CFD | - | $25.8 | - |
| EURUSD benchmark fee | $7.1 | $6.7 | $8.2 |
| GBPUSD benchmark fee | $8.2 | $6.2 | $7.4 |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Account fee | No | No | No |
| Inactivity fee | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $3 |
#2 MultiBank
Markets and products
At Multibank you can trade only with forex and CFDs. CFDs are provided in several forms, such as stock indexes and cryptos.
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Currency pairs (#) | 70 | 27 | 48 |
| Stock index CFDs (#) | 28 | 7 | 11 |
| Stock CFDs (#) | 65 | 1,000 | 200 |
| ETF CFDs (#) | 20 | - | - |
| Commodity CFDs (#) | 17 | 6 | 3 |
| Bond CFDs (#) | - | - | - |
| Cryptos (#) | 64 | 4 | 4 |
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Stock | No | No | Yes |
| ETF | No | No | No |
| Forex | Yes | Yes | Yes |
| Fund | No | No | No |
| Bond | No | No | No |
| Options | No | No | No |
| Futures | No | No | No |
| Crypto | Yes | Yes | Yes |
#2 MultiBank
Account opening
The account opening procedure with Multibank is easy and straightforward. The account is ready for trading within a day.
| Pros | Cons |
|---|---|
| • Fast | • High minimum deposit for ECN Pro and MultiBank Pro accounts |
| • Fully digital | |
| • Low minimum deposit |
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Minimum deposit | $100 | $50 | $10 |
| Time to open account | 1 day | 1 day | 1 day |
#2 MultiBank
Deposit and withdrawal
Deposit and withdrawal at MultiBank are great. You can use many deposit and withdrawal types and withdrawal is free.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Free withdrawal | |
| • No deposit fee |
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $3 |
#2 MultiBank
Web trading platform
At Multibank you can use the MetaTrader4 trading platform. It is highly customizable, available in a lot of languages, and has a clear fee report. On the negative side, it lacks a two-step login and the design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation | • Poor design |
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Web platform score | 2.8 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.4 stars | 3.4 stars | 3.4 stars |
| Can you set leverage manually? | No | No | Yes |
#2 MultiBank
Verdict
MultiBank is regulated by more financial authorities globally, including the top-tier ASIC.
The account opening is seamless and hassle-free. Multiple and free options are offered for deposit and withdrawal. The customer service is great.
MultiBank has some drawbacks though. The stock CFD and inactivity fees are high. Its product range is limited to FX, CFDs, and cryptos. The research and educational tools are also basic.
| MultiBank | |
|---|---|
| Summary | MultiBank is an international CFD and forex broker, regulated by several financial authorities such as the top-tier ASIC of Australia. |
| Fees score | 3.2 stars |
| Recommended for | Forex and CFD traders familiar with the MetaTrader trading platform |
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#3 Best CFD broker
FXTM
Disclaimer: from March 2021, FXTM ends retail operations in the EEA, under CySEC regulation. Only professional clients will be able to use FXTM's services in this region.
FXTM or ForexTime was founded in 2011 and is a global CFD and FX broker. It is regulated by several financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).
FXTM is considered safe because it is regulated by the top-tier FCA.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex traders familiar with the metatrader platform
| Pros | Cons |
|---|---|
| • Superb customer service | • High CFD fees |
| • Great educational tools | • Inactivity and withdrawal fees |
| • Digital and fast account opening | • Limited product portfolio |
#3 FXTM
Fees
FXTM's trading fees are low for forex, but average for CFDs. There is also a withdrawal fee.
| Pros | Cons |
|---|---|
| • Low forex fees | • Withdrawal fee |
| • Low financing rate | • Average CFD fees |
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| S&P 500 index CFD fee | $1.0 | $1.3 | $2.2 |
| Europe 50 index CFD fee | $0.9 | $2.1 | $2.4 |
| Apple CFD | $1.8 | $25.7 | $17.5 |
| Vodafone CFD | - | $25.8 | - |
| EURUSD benchmark fee | $7.1 | $6.7 | $8.2 |
| GBPUSD benchmark fee | $8.2 | $6.2 | $7.4 |
All spreads, commissions and financing rate for opening a position, holding for a week, and closing.
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Account fee | No | No | No |
| Inactivity fee | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $3 |
#3 FXTM
Markets and products
FXTM's product selection covers forex CFDs and cryptos. Non-EU clients can also trade with real stocks. On the negative side, it lacks ETFs, mutual funds, bonds, options, and futures.
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Currency pairs (#) | 70 | 27 | 48 |
| Stock index CFDs (#) | 28 | 7 | 11 |
| Stock CFDs (#) | 65 | 1,000 | 200 |
| ETF CFDs (#) | 20 | - | - |
| Commodity CFDs (#) | 17 | 6 | 3 |
| Bond CFDs (#) | - | - | - |
| Cryptos (#) | 64 | 4 | 4 |
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Stock | No | No | Yes |
| ETF | No | No | No |
| Forex | Yes | Yes | Yes |
| Fund | No | No | No |
| Bond | No | No | No |
| Options | No | No | No |
| Futures | No | No | No |
| Crypto | Yes | Yes | Yes |
#3 FXTM
Account opening
FXTM account opening is fully digital, easy and fast. Your account will be ready within 1-2 business days. There are also a lot of account types you can choose from.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • User-friendly |
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Minimum deposit | $100 | $50 | $10 |
| Time to open account | 1 day | 1 day | 1 day |
#3 FXTM
Deposit and withdrawal
FXTM offers a great variety of deposit and withdrawal options. Almost everything is available, including credit cards, bank transfer and electronic wallets. The main disadvantage is that FXTM charges a fee for most withdrawal types.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Most of the withdrawal options have a fee |
| • No deposit fee | |
| • Quick deposit and withdrawal - within 3 days |
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Withdrawal fee | $0 | $0 | $3 |
#3 FXTM
Web trading platform
The web trading platform of FXTM is provided by MetaTrader. It is highly customizable, available in a lot of languages, and has a clear fee report. On the other hand, it lacks a two-step login and price alerts, and the design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation | • Poor design |
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Web platform score | 2.8 stars | 2.8 stars | 2.8 stars |
| Mobile platform score | 3.8 stars | 3.8 stars | 3.8 stars |
| Desktop platform score | 3.4 stars | 3.4 stars | 3.4 stars |
| Can you set leverage manually? | No | No | Yes |
#3 FXTM
Verdict
FXTM is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority (FCA).
On the plus side, customer support gives fast and relevant answers. There are several educational tools, including demo accounts and webinars. The account opening is fully digital and fast.
FXTM has some drawbacks though: it charges high CFD fees, inactivity, and withdrawal fees, and the product range is limited.
As account opening only takes a short time, and customer support is helpful and reliable, feel free to try FXTM.
| FXTM | |
|---|---|
| Summary | FXTM is an international CFD and forex broker, regulated by the UK FCA, CySEC of Cyprus and the Mauritian FSC. It is licensed by South Africa's FSCA. |
| Fees score | 3.4 stars |
| Recommended for | Forex traders familiar with the MetaTrader platform |
Best CFD brokers
What makes a good CFD broker?
Trading with CFDs became widely popular over the past decade. Keeping your eyes on important criteria like CFD fees or the number of CFDs offered can help find the best CFD broker for you.
In 2021, we ranked CFD brokers based on more than 300 criteria. We list below only the five most important criteria to make sure you don't get overwhelmed.
| 1. Fee structure: | The overall cost of a typical CFD trade can be 10-15 times higher at one CFD broker than at another. So it’s worth checking their fees. |
| 2. Products and markets: | You want to trade with Amazon or Bitcoin CFDs? They might not be available. Check the product coverage before opening an account. |
| 3. Account opening: | Some brokers require a minimum deposit, while others don't. Check what the conditions are at the best CFD brokers. |
| 4. Deposit and withdrawal: | Transferring money to your account can be 5 times slower and more expensive from one CFD broker to another. |
| 5. Web trading platform: | A user-friendly and well-equipped trading platform can significantly increase your comfort. |
Best CFD brokers
CFD broker fees
Fees, fees and fees. We bet fees are always on your mind when you’re looking for the best CFD broker. Let's see how we compared the fees of the various CFD brokers.
It is not easy to compare CFD broker fees, but we are here to help. There are two categories: trading-related fees and non-trading fees.
Trading-related fees
As to trading-related fees, brokers can charge commissions, spreads and overnight fees. To make your life easier we calculated all fees based on real-life scenarios so you can make a simple comparison. We looked at the following products:
- Stock index - S&P 500 index CFD and Europe 50 index CFD
- Stock - Apple CFD and Vodafone CFD
- Forex - EURUSD and GBPUSD
Our assumptions included opening a position, holding it for a week, and then closing it. We calculated with the following positions: $2,000 for stock index and stock CFDs and a $20,000 forex position. These real-life assumptions make CFD fees comparable.
Best CFD brokers
CFD brokers explained
CFDs are derivatives, where you can make bets on the price movement of a wide range of products. However, it is a leveraged product, which means that it is quite risky.
CFDs are derivatives: you bet on price movements
With CFDs, you can bet on whether the price of an asset will go up or down, without buying the underlying asset. Let's say you want to profit from the Microsoft stock price going up. At an online stockbroker, you would simply buy the Microsoft stock. In comparison, at a CFD broker you can instead bet directly on the stock price going up. However, CFDs are much like knives: they can be very useful, but if you have no idea how to use them, you can easily hurt yourself.
CFDs are an easy way to reach a lot of markets with leverage
Why would this be interesting for you? Well, CFDs have three big advantages:
- 1. You can make bets on all kinds of products. If you want to trade with Turkish stocks, you can do so via CFDs, which might not be possible with an online stockbroker. It is easier for a broker to provide a CFD than to have access to the Turkish stock exchange.
- 2. The second advantage is leverage. The potential return on your bet will be much bigger than with owning the actual stock. But this certainly carries greater risks, so you should fully understand leverage before you invest.
- 3. Lastly, CFDs are an easy way to have short positions. This is indeed a big plus.
To better understand these advantages, educate yourself by reading our CFD trading tips.
Not owning the underlying asset exposes you to additional risks
If you do not own the stock (or any other underlying asset), you are running a whole different kind of risk, which you need to understand before trading CFDs.
Let's say Bob owns Siemens stock, while Janet has an open long Siemens CFD position, both of them with “Bust Brokers.” The worst happens, and Bust Brokers goes bust. Bob's Siemens stock is in custody with his custody service provider. This means that sooner or later he will be able to access it again. However, Janet did not own any stock, only a long CFD position, therefore she will be compensated only up to the investor protection scheme of the broker’s country. In most cases, this is a maximum of €20,000.
Best CFD brokers
CFD regulations and security
The regulation of CFDs changed significantly in the last few years. One of the most significant changes were the measures European Securities and Markets Authority (ESMA) published back in 2018. Most recently the Australian regulator followed ESMA's direction and introduced similar regulations for brokers operating in Australia. These measures clearly show how regulators globally aim to protect retail investors from the dark side of the retail brokerage industry.
Based on ESMA's research, around 74-89% of investors were losing money on their CFD investments, and in many cases it was not entirely their fault. One core problem is that some dealing desks brokers made a profit when their clients lost money. If you don't know what this model looks like, this Financemagnates article clearly explains it. Another problem was the aggressive and unbridled marketing of deposit bonuses, cheap prices and messages that promised easy ways of getting rich.
The new ESMA and ASIC regulation is aimed at lowering the proportion of accounts suffering losses. Here are the measures with their explanations:
- Limiting leverage: it was not uncommon to be able to open a position with 400:1 leverage. The possible maximum leverage is now limited to 30:1 for major currency pairs. The limitation varies according to the underlying asset's volatility:
- 30:1 for major currency pairs
- 20:1 for non-major currency pairs, gold and major stock indices
- 10:1 for commodities other than gold and non-major stock indices;
- 5:1 for single stocks and any underlying not otherwise mentioned
- 2:1 for cryptocurrencies
- Margin close out on a per account basis: if an account's total margin falls below 50% of the initially required margin, brokers must close one or more of your positions.
- Negative balance protection: you cannot lose more money than you invested.
- Restrictions on marketing and incentive tools: instead of promoting CFD trading by get-rich-quick, promises, brokers have to clearly show what percentage of their customers are losing money.
To sum it up, do the stricter regulations mean that trading CFDs will become nothing but a bedtime story we tell our kids? On the one hand, retail investors are now protected from losing more than they invest. On the other, canny investors won't be able to multiply their profits by using high leverage. All in all, we think CFDs will remain popular despite the new regulations as trading becomes safer and more transparent.
You should be aware that investor protection regulation is different in every jurisdiction. You should always check the relevant rules.
Being part of a banking group or listed on an exchange should be your primary compass for finding the best CFD brokerss
It's time to discuss how to make a well-informed choice in today's changing landscape of CFD brokers. We prefer exchange-listed and/or banking licensed brokers. Why?
- Being listed on any developed exchange means additional regulations, strict and frequent audits and also the need for constant communication between shareholders and other stakeholders. No wonder that only a small portion of retail brokers decide to give up money in exchange for transparency.
- Banks are the crucial building blocks of any economy. Strict capital requirements, regulations and transparency are a must. Therefore any broker backed by a bank can be considered more reliable than the ones that aren't.
For more help on these points, check out ourcomparison table for online brokers.
Best CFD brokers
Bottom line
You've seen the details, now let's zoom out. here are once again the best CFD brokers in 2021 for citizens in Iran:
| HYCM | MultiBank | FXTM | |
|---|---|---|---|
| Overall score | 4.3 | 4.0 | 4.3 |
| Fees score | 4.1 stars | 3.2 stars | 3.4 stars |
| Markets and products score | 2.0 stars | 1.4 stars | 2.4 stars |
| Account opening score | 5.0 stars | 5.0 stars | 5.0 stars |
| Deposit and withdrawal score | 4.5 stars | 4.5 stars | 3.7 stars |
| Web platform score | 2.8 stars | 2.8 stars | 2.8 stars |
|
Open account
71% of retail CFD accounts lose money |
Open account
74-89% of retail CFD accounts lose money |
Open account
81% of retail CFD accounts lose money |
HYCM is our winner, the best CFD broker for Iranian citizens in 2021. Low forex and CFD fees. Great educational content. User-friendly account opening.
All the five top brokers are great choices. However, do not forget, that CFDs are really risky. If you are experienced, pick your winner, and take the next step in your trading journey. Let us know what you think in the comments section.
Still unsure? Use the broker finder and find the best broker for you.
