Best online brokers in Iraq

Written by
Krisztián G.
Fact checked by
Tamás D.
Updated
Apr 2024

To help you to find the online brokers in Iraq in 2024, we went ahead and did the research for you. We collected all data you need to know about account opening, trading performance and fees of the best investment providers in Iraq.

Best online brokers in Iraq

Top 10 Online Brokers & Trading Platforms in Iraq in 2024:

  1. Admirals (Admiral Markets) is the best online broker and trading platform in 2024. Low forex CFD fees. Free and fast deposit and withdrawal. Straightforward account opening.
  2. FXCM - Fast and straightforward account opening. Good technical research tools. High-quality educational content.
  3. XM - Low stock CFD and withdrawal fees. Easy and fast account opening. Great educational tools.
  4. FXTRADING.com - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  5. AvaTrade - Easy and fast account opening. Free deposit and withdrawal options. Great research tools.
  6. HYCM - Low CFD fees. Great educational content. User-friendly account opening.
  7. MultiBank - Quick and easy account opening. Free and varied deposit and withdrawal options. Fast and helpful customer service.
  8. Global Prime - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
  9. FXTM - Low fees. Digital and fast account opening. Good customer service.
  10. TMGM - Low forex fees. Easy and fast account opening. Free deposit and withdrawal.
Broker
Overall score
Minimum deposit
Admirals (Admiral Markets)
4.5
/5
$100
FXCM
4.4
/5
$50
XM
4.3
/5
$5
FXTRADING.com
4.3
/5
$200
AvaTrade
4.2
/5
$100
HYCM
4.2
/5
$20
MultiBank
4.2
/5
$50
Global Prime
4.2
/5
$0
FXTM
4.1
/5
$10
TMGM
4.1
/5
$100
Brokers and trading accounts available in Iraq

Ideally, after reading our research you should feel more secure about opening a trading account that fits you best.

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How to invest in stocks from Iraq

1. Find an online broker

First, you need to make sure that the broker you're looking at is available in Iraq.

Would you like to speed up your search?

Our broker finder tool will help you narrow down your choices, showing only those brokers that are available in your country and are suitable for your investment goals and habits. And if you want a detailed, side-by-side comparison of these alternatives, check out our broker comparison table.

2. Open your account

Opening an account at an online broker is usually easy and straightforward, and takes place fully online. Most of the time, you just need to provide your name, address and other basic information, and maybe answer some questions about your wealth/income status, financial knowledge or trading experience.

Make sure you have your documents at hand, as

  • copies of a photo ID
  • some recent bank statements
  • or utility bills

are usually required to verify your identity and residency.

3. Fund your account

So your trading account has been verified; the next step is to fund it – in other words, to deposit money that you will then use for investing. Some brokers require a minimum deposit when you open your account, but most brokers do not have such a requirement, allowing you to take your time before committing any funds.

All brokers will allow you to deposit or withdraw funds via bank transfer; an easy, usually free, though not always super-fast method. Withdrawing money to your bank account can take as long as three days.

Many brokers also let you deposit (though not withdraw) funds using credit or debit cards. A few will also accept so-called electronic wallets such as PayPal, Apple Pay, Skrill or Neteller. The biggest benefit of cards and e-wallets is that transactions take place instantly, allowing you to start investing – or reap the proceeds of a successful stock sale – right away.

4. Invest

You may already know which product you want to invest in; if not, it's worth checking out the research section of your broker, which often includes trading ideas and recommendations by in-house experts or third-party analysts.

Once you have settled on a stock, it's easy – just

  • select it from the broker's search menu
  • enter the amount
  • invest

Most trading platforms will offer several order types - such as a "Market" order to invest at the current price, or a "Limit" order to invest later at a specific price. To learn more about various order types, read this article.

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Author of this article

Krisztián Gátonyi

Forex • Market Analysis • Stock Market

I have 15 years of experience in proprietary trading, mainly in the interbank currency market as a foreign exchange risk manager. I'm actively involved in reviewing the 100+ brokers listed on our site. I personally open accounts with real money, execute trades, test customer services. I hold an MSc in International Business from the University of Middlesex. My purpose is to help people find the best investment provider.

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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