Best forex brokers in Iran in 2022

MultiBank
4.5
Visit broker
74-89% of retail CFD accounts lose money
HYCM
4.3
Visit broker
67% of retail CFD accounts lose money
FXTM
4.2
Visit broker
80% of retail CFD accounts lose money
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To help you find the best forex brokers in Iran in 2022, we went ahead and did the research for you. First, we selected 100 quality online brokers, then we checked and compared fees, currency pairs, charting tools, platforms - practically everything. And now, without further ado...

Our top 3 picks for the best forex brokers in Iran in 2022:

  1. MultiBank is our winner, the best forex broker in Iran in 2022. Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
  2. HYCM takes second place. Low forex and CFD fees. Great educational content. User-friendly account opening.
  3. FXTM rounds out the top three. Superb customer service. Great educational tools. Digital and fast account opening.
Top forex brokers in 2022 for Iranian citizens
Broker Forex fee score
#1 MultiBank 4.8 stars Visit broker
74-89% of retail CFD accounts lose money
#2 HYCM 3.7 stars Visit broker
67% of retail CFD accounts lose money
#3 FXTM 3.8 stars Visit broker
80% of retail CFD accounts lose money

What makes a good forex broker? First of all, fair forex fees and low withdrawal fees. They should also offer many currency pairs and a great platform with advanced charting. All of these are easy to list, but hard to figure out. To get an accurate view, we test brokers based on almost 500 criteria, using real accounts and real money.

If you are a beginner, be careful with forex trading. Forex products are complex and very risky, thus not suitable for everyone. You can easily lose all your invested money. If you don't have a clue how forex trading works, start with our forex trading 101 articles.

And now, let's see the top forex brokers in 2022 for Iranian citizens one by one, starting with the winner, MultiBank.

MultiBank Logo

#1 Best forex broker
MultiBank

4.5

MultiBank is a global CFD and FX broker. MultiBank Group is a global financial group whose member companies are active in areas from asset management to brokerage. MultiBank's brokerage service is operating under several legal entities, regulated by the Australian Securities and Investments Commission (ASIC) and other financial authorities. In this review, we will 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 reasonably 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. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Visit broker
74-89% of retail CFD accounts lose money

#1 MultiBank
Fees

MultiBank has low fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

MultiBank trading fees
MultiBank HYCM FXTM
EURUSD benchmark fee $5.0 $7.1 $8.3
GBPUSD benchmark fee $2.9 $7.9 $7.0
AUDUSD benchmark fee $4.3 $10.1 $7.0
EURCHF benchmark fee $4.1 $9.4 $5.5
EURGBP benchmark fee $7.8 $11.5 $9.8

All spreads, commissions and financing rate for opening a position, holding for a week and closing.

MultiBank non-trading fees
MultiBank HYCM FXTM
Account fee No No No
Inactivity fee Yes Yes Yes
Withdrawal fee $0 $0 $3

Visit broker More
74-89% of retail CFD accounts lose money

#1 MultiBank
Markets and products

MultiBank gives access to 55 currency pairs.
MultiBank currency pairs
MultiBank HYCM FXTM
Currency pairs (#) 55 70 62

Visit broker More
74-89% of retail CFD accounts lose money

#1 MultiBank
Desktop trading platform
3.4

In design and functionality, MultiBank's MetaTrader 4/5 desktop platforms are almost the same as their web versions; a plus is that you can set price alerts on the desktop platform.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) Poor design
Price alerts
Best forex brokers - MultiBank trading platform

MultiBank has average charting tools and you can use 31 technical indicators.

Best forex brokers - MultiBank charting

Visit broker More
74-89% of retail CFD accounts lose money

HYCM Logo

#2 Best forex broker
HYCM

4.3

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. 72% 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.

Visit broker
67% of retail CFD accounts lose money

#2 HYCM
Fees

HYCM has low fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

HYCM trading fees
MultiBank HYCM FXTM
EURUSD benchmark fee $5.0 $7.1 $8.3
GBPUSD benchmark fee $2.9 $7.9 $7.0
AUDUSD benchmark fee $4.3 $10.1 $7.0
EURCHF benchmark fee $4.1 $9.4 $5.5
EURGBP benchmark fee $7.8 $11.5 $9.8

All spreads, commissions and financing rate for opening a position, holding for a week and closing.

HYCM non-trading fees
MultiBank HYCM FXTM
Account fee No No No
Inactivity fee Yes Yes Yes
Withdrawal fee $0 $0 $3

Visit broker More
67% of retail CFD accounts lose money

#2 HYCM
Markets and products

HYCM gives access to 70 currency pairs.
HYCM currency pairs
MultiBank HYCM FXTM
Currency pairs (#) 55 70 62

Visit broker More
67% of retail CFD accounts lose money

#2 HYCM
Desktop trading platform
3.4

In design and functionality, HYCM's MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that you can set price alerts on the desktop trading platform.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) Poor design
Available in several languages
Best forex brokers - HYCM trading platform

HYCM has average charting tools and you can use 31 technical indicators.

Best forex brokers - HYCM charting

Visit broker More
67% of retail CFD accounts lose money

FXTM Logo

#3 Best forex broker
FXTM

4.2

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. 77% 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.

Visit broker
80% of retail CFD accounts lose money

#3 FXTM
Fees

FXTM has low fees when it comes to buying and selling currency pairs.

To have a clear picture of forex fees, we calculated a forex benchmark fee for major currency pairs. This catch-all benchmark includes commissions, spreads and financing costs for all brokers.

FXTM trading fees
MultiBank HYCM FXTM
EURUSD benchmark fee $5.0 $7.1 $8.3
GBPUSD benchmark fee $2.9 $7.9 $7.0
AUDUSD benchmark fee $4.3 $10.1 $7.0
EURCHF benchmark fee $4.1 $9.4 $5.5
EURGBP benchmark fee $7.8 $11.5 $9.8

All spreads, commissions and financing rate for opening a position, holding for a week and closing.

FXTM non-trading fees
MultiBank HYCM FXTM
Account fee No No No
Inactivity fee Yes Yes Yes
Withdrawal fee $0 $0 $3

Visit broker More
80% of retail CFD accounts lose money

#3 FXTM
Markets and products

FXTM gives access to 62 currency pairs.
FXTM currency pairs
MultiBank HYCM FXTM
Currency pairs (#) 55 70 62

Visit broker More
80% of retail CFD accounts lose money

#3 FXTM
Desktop trading platform
3.4

In design and functionality, FXTM's MetaTrader 4 desktop platform is almost the same as the web trading platform. One major difference is that you can set price alerts on the desktop trading platform.
Pros Cons
Clear fee report No two-step (safer) login
Good customizability (for charts, workspace) Poor design
Price alerts
Best forex brokers - FXTM trading platform

FXTM has average charting tools and you can use 37 technical indicators.

Best forex brokers - FXTM charting

Visit broker More
80% of retail CFD accounts lose money

Best forex brokers
What makes a top forex broker?

Trading forex has become really popular over the last decade. Looking at important criteria like fees will help you find the best forex broker for you.

At BrokerChooser, we test online brokers according to nearly 500 criteria, using a real account and real money.

The most important factors to consider in selecting the top forex brokers are forex trading fees. Besides trading fees, you should also look at withdrawal fees and the number of available currency pairs. Check if the broker provides great desktop and mobile trading platforms as well as advanced charting tools.

Best forex brokers
Forex broker fees

Fees, fees, fees. We bet this is always on your mind when you're on the hunt for the best forex broker. But this can be a complicated issue. Let's see how we dealt with it.

It's not easy to compare forex broker fees, but we are here to help. Generally, forex brokers can charge commissions, spreads and financing fees.

For commissions, there are two approaches forex brokers can use:

  1. All trading fees are included in the spread except the financing rate. Basically, think of it as the broker giving you a wider spread than it gets from the market.
  2. You get the market spread, but you pay a commission based on the traded amount. This model is usually used by ECN brokers.

The second version is more transparent, but this doesn't mean that the first method cannot be cheaper.

When you trade forex on leverage and hold your position overnight, a fee will be charged. This fee is called the financing cost. Financing costs change daily and can make up a significant part of your overall costs if you hold your positions for a longer period.

To make your life easier, we calculated what your overall fee would be if you took a $20,000 position, held it for a week and then closed it. We used 30:1 leverage, the maximum available leverage for major currency pairs at many brokers.

Best forex brokers
Bottom line

You saw the details, now let's zoom out. Here are the top forex brokers in 2022 for citizens in Iran:

Top forex brokers in 2022 for Iranian citizens
MultiBank HYCM FXTM
Forex fee scores 4.8 stars 3.7 stars 3.8 stars
Deposit and withdrawal score 5.0 stars 4.5 stars 4.1 stars
Markets and products score 2.0 stars 2.3 stars 2.7 stars
Desktop platform score 3.4 stars 3.4 stars 3.4 stars
Visit broker
74-89% of retail CFD accounts lose money
Visit broker
67% of retail CFD accounts lose money
Visit broker
80% of retail CFD accounts lose money

MultiBank is our winner, the best forex broker for Iranian citizens in 2022. Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.

All of these brokers are great choices, but watch out, as forex trading can be risky. If you know enough and are good to go, pick your favourite and take the next step in your trading journey. Let us know what you think in the comments section.

Still unsure? Use our broker finder tool and find the best broker for you.

Author of this article

Gergely Korpos

Author of this article

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Gergely Korpos

Co-founder, CPO

Gergely is the co-founder and CPO of BrokerChooser. His aim is to make personal investing crystal clear for everybody. Gergely has 10 years of experience in the financial markets. He concluded thousands of trades as a commodity trader and equity portfolio manager.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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Visit MultiBank
74-89% of retail CFD accounts lose money
Visit HYCM
67% of retail CFD accounts lose money
Visit FXTM
80% of retail CFD accounts lose money
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