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Top 5 forex brokers in Iraq in 2023
- ActivTrades is the best forex broker in Iraq in 2023 - Low trading fees. Excellent account opening. Free deposit and withdrawal.
- TMGM - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
- MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
- Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
- FXTRADING.com - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
How did BrokerChooser select the best FX brokers in Iraq?
- We checked whether the broker is regulated by a trusted regulator,
- Compared fees (including spreads, withdrawal fee, commission),
- Compared the number of currency pairs,
- Checked minimum deposit requirements,
- Opened an account and tested the platform (charting, features, usability, customer service).
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BrokerChooser evaluates 9 key areas for all brokers including fees, safety, ease of account opening, education, and trading platforms. We check more than 500 criteria for each broker and finetune our methodology every year based on our own and our users' experiences. We have more than 100 brokers reviewed on our site and our team of analysts examines more than 50,000 data points overall.
If you're interested in more forex brokers, read 40+ forex broker reviews.
Best forex brokers
Overview of the best forex brokers
While many forex trading brokers offer an excellent service, the ones in our toplist go the extra mile.
| Broker | FX Commissions per lot | Minimum deposit | Account activated in | Number of curreny pairs | Credit/debit card deposit |
|---|---|---|---|---|---|
| ActivTrades | No commission is charged | $0 | 1 day | 49 | Yes |
| TMGM | $3.50 commission per lot per trade | $100 | 1 day | 50 | Yes |
| MultiBank | $3.00 commission per lot per trade | $50 | 1 day | 41 | Yes |
| Admirals (Admiral Markets) | $3.00 commission per lot per trade | $100 | 1 day | 50 | Yes |
| FXTRADING.com | $3.00 commission per lot per trade | $200 | 1 day | 44 | Yes |
Best forex brokers
Forex spreads' comparison
In most cases, the key broker selection criteria is how much you have to pay for a trade in spreads, commission and other trading costs, so we collected the most important forex spreads in the table below to help with your calculations.
| ActivTrades | TMGM | MultiBank | Admirals (Admiral Markets) | FXTRADING.com | |
|---|---|---|---|---|---|
| EURUSD spread | 0.5 | 0.0 | 0.1 | 0.1 | 0.2 |
| AUDUSD spread | 0.8 | 0.1 | 0.2 | 0.3 | 0.3 |
| GBPUSD spread | 0.8 | 0.3 | 0.3 | 0.5 | 0.3 |
| EURCHF spread | 1.1 | 0.3 | 0.7 | 1.3 | 0.5 |
| EURGBP spread | 1.3 | 0.2 | 0.4 | 0.4 | 0.3 |
We collect spreads regularly, please check the tooltip for the date of the data collection.
If you are unsure how brokerage fees work, check out this article on the various fees, charges and costs.
Best forex brokers
Other fees at forex brokers
Non-trading fees are charges not directly related to a given trade and typically include the account maintenance fee, deposit/withdrawal fees, and the inactivity fee.
| ActivTrades | TMGM | MultiBank | Admirals (Admiral Markets) | FXTRADING.com | |
|---|---|---|---|---|---|
| Account fee | No | No | No | No | No |
| Inactivity fee | Yes | Yes | Yes | Yes | No |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 | $0 | $0 |
Best forex brokers
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And now, let's see the top forex brokers in detail one by one, starting with the winner, ActivTrades.
#1 Best forex broker
ActivTrades
Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal conditions
| ActivTrades snapshot | |
|---|---|
| Minimum deposit | $0 |
| Mobile app score | 3.9 stars |
| Deposit method | Bank transfer, Credit/debit cards, Neteller, Skrill, PayPal, Sofort |
| Withdrawal method | Bank transfer, Credit/debit cards, Neteller, Skrill, PayPal, Sofort |
| Withdrawal fee | $0 |
| Currency pairs | 49 |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of ActivTrades services, check out our review for 2023 |
#2 Best forex broker
TMGM
Recommended for forex traders who prefer the metatrader platform
| TMGM snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 3.8 stars |
| Deposit method | Bank transfer, Credit/debit cards, Paytrust, Neteller, Sticpay, Skrill, Fasapay, UnionPay, RMB Instantm Broker to Broker |
| Withdrawal method | Bank transfer, Credit/debit cards, Paytrust, Neteller, Sticpay, Skrill, Fasapay, UnionPay, RMB Instantm Broker to Broker |
| Withdrawal fee | $0 |
| Currency pairs | 50 |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of TMGM services, check out our review for 2023 |
#3 Best forex broker
MultiBank
Recommended for forex and cfd traders familiar with the metatrader trading platform
| MultiBank snapshot | |
|---|---|
| Minimum deposit | $50 |
| Mobile app score | 3.8 stars |
| Deposit method | Bank transfer, Credit/debit cards, Skrill, Neteller, UnionPay, PayTrust, SEPA, Bitcoin, AwePay, GlobePay, ThunderexPay, Poli, Pagsmile, Plus Wallets, Globepay, Gcash |
| Withdrawal method | Bank transfer, Credit/debit cards, Skrill, Neteller, UnionPay, PayTrust, SEPA, Bitcoin, AwePay, GlobePay, ThunderexPay, Poli, Pagsmile, Plus Wallets, Globepay, Gcash |
| Withdrawal fee | $0 |
| Currency pairs | 41 |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of MultiBank services, check out our review for 2023 |
#4 Best forex broker
Admirals (Admiral Markets)
Recommended for forex traders who are familiar with the metatrader trading platforms
| Admirals (Admiral Markets) snapshot | |
|---|---|
| Minimum deposit | $100 |
| Mobile app score | 3.8 stars |
| Deposit method | Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong |
| Withdrawal method | Bank transfer, Credit/debit cards, Skrill, PayPal, Klarna, Neteller, SafetyPay, AstroPay, Trustly, Rapid Transfer, NganLuong |
| Withdrawal fee | $0 |
| Currency pairs | 50 |
| Inactivity fee | Yes |
| Read review | For a detailed analysis of Admirals (Admiral Markets) services, check out our review for 2023 |
#5 Best forex broker
FXTRADING.com
Recommended for forex traders who prefer the metatrader platform
| FXTRADING.com snapshot | |
|---|---|
| Minimum deposit | $200 |
| Mobile app score | 3.8 stars |
| Deposit method | Bank transfer, Credit/debit cards, PayPal, Neteller, UnionPay, Poli |
| Withdrawal method | Bank transfer, PayPal, Neteller, UnionPay, Poli |
| Withdrawal fee | $0 |
| Currency pairs | 44 |
| Inactivity fee | No |
| Read review | For a detailed analysis of FXTRADING.com services, check out our review for 2023 |
Best forex brokers
FAQ
Which are the top forex brokers in the world?
The top 5 forex brokers in the world in 2023:
- ActivTrades - Low trading fees. Excellent account opening. Free deposit and withdrawal.
- TMGM - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
- MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
- Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
- FXTRADING.com - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
How to find the best forex brokers?
The key aspects to consider when choosing a forex brokers is safety and access. Makes sure you always select a broker that is licensed or overseen by a top-tier regulator, such as the SEC in the US, the FCA in the UK or BaFin Germany. As a next step, check to see if the broker accepts clients from your country of residence.
Save yourself hours of research and check out our broker finder tool and find the best broker for you.
Want to understand forex trading in more detail?
Check out these articles written by our broker and trading experts:
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