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Best forex brokers in Iraq in 2023

ActivTrades Logo
1st place
ActivTrades
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73-85% of retail CFD accounts lose money
TMGM Logo
2nd place
TMGM
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68% of retail CFD accounts lose money
MultiBank Logo
3rd place
MultiBank
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74-89% of retail CFD accounts lose money

Top 5 forex brokers in Iraq in 2023


  1. ActivTrades is the best forex broker in Iraq in 2023 - Low trading fees. Excellent account opening. Free deposit and withdrawal.
  2. TMGM - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  3. MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
  4. Admirals (Admiral Markets) - Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
  5. 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),
  • Checked minimum deposit requirements,
  • Opened an account and tested the platform (charting, features, usability, customer service).


Save hours of research!

Our expert team has done all the work for you, and reviewed brokers based on BrokerChooser's unique methodology.

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.

Best forex brokers key data compiled for December 2022
Broker FX Commissions per lot Minimum deposit Account activated in Inactivity fee Credit/debit card deposit
ActivTrades No commission is charged $500 1 day Yes Yes
TMGM $3.50 commission per lot per trade $100 1 day Yes Yes
MultiBank $3.00 commission per lot per trade $50 1 day Yes Yes
Admirals (Admiral Markets) $3.00 commission per lot per trade $100 1 day Yes Yes
FXTRADING.com $3.00 commission per lot per trade $200 1 day No 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.

Spreads at the best forex brokers in December 2022
ActivTrades TMGM MultiBank Admirals (Admiral Markets) FXTRADING.com
EURUSD spread 0.5 0.1 0.1 0.1 0.2
AUDUSD spread 0.8 0.2 0.2 0.3 0.3
GBPUSD spread 0.8 0.3 0.3 0.5 0.3
EURCHF spread 1.1 0.4 0.7 1.3 0.5
EURGBP spread 1.3 0.3 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 Iraq in 2023 one by one, starting with the winner, ActivTrades.

Best forex brokers
FAQ

Which are the top forex brokers in the world?

The top 5 forex brokers in the world in 2023:

  1. Saxo Bank - low forex fees and great trading platforms.
  2. Fusion Markets - low forex fees and a superb selection of currency pairs.
  3. CMC Markets - low forex CFD fees and an excellent account opening experience.
  4. Interactive Brokers - low forex fees and diverse research tools.
  5. Capital.com - no inactivity fee and rock-solid background.

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:

Author of this article

Márton Oláh

Author of this article

Márton Oláh, MSc has been a macro and value investor of stocks for 10 years on his own account. Since 2020 he has been trading options and volatility as well. Márton has founded a venture capital backed company and led it for 8 years before professionally turning to finance therefore is an expert in interpreting company reports.

Márton Oláh

Strategic Advisor

Márton Oláh, MSc has been a macro and value investor of stocks for 10 years on his own account. Since 2020 he has been trading options and volatility as well. Márton has founded a venture capital backed company and led it for 8 years before professionally turning to finance therefore is an expert in interpreting company reports.

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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