Our #1 pick for 2026
Forex.com
FCA CFTC4.4/5
#1 Rated Broker
Forex.com
4.4Capital at risk · T&Cs apply
Top crypto exchanges accessible to Iraqi traders. Compare platforms with crypto deposit options and Islamic account alternatives.
How we rank brokersBased on our 2026 quantitative rating of 116 brokers, Forex.com (4.40/5), IG Group, and Pepperstone rank as the top choices. Forex.com leads with regulation from FCA, CFTC and 0.8 pips min spread. Rankings are calculated algorithmically — no paid placements.
Cryptocurrency has become practically important in Iraq as a tool for capital preservation and international financial access. The Central Bank of Iraq (CBI) issued warnings against crypto in 2017 and has periodically reiterated restrictions on financial institutions processing crypto transactions. Despite this, individual trading is widely practised and not subject to criminal penalty. USDT (Tether) has emerged as a de facto USD substitute for many Iraqi savers and businesses, enabling international transactions outside the restricted Iraqi banking system.
Iraqi crypto traders primarily access Binance, OKX and local P2P platforms. Arabic-language support is essential. Iraq's young population (median age ~21) drives strong mobile-first crypto adoption. Oil and political instability have historically depressed the IQD, making USD-denominated crypto assets attractive as a store of value. The Kurdistan Region of Iraq has seen particularly active crypto adoption given its more open economic environment.
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The CBI has restricted financial institutions from crypto transactions but has not banned individual ownership or trading. Enforcement against retail traders is minimal. Most active Iraqi crypto traders operate freely through international exchanges and P2P platforms.
P2P platforms (Binance P2P, LocalBitcoins alternatives) allow IQD-to-USDT exchange between individuals via bank transfer or cash. This is the most common on-ramp. Kurdistan-based traders also use local exchange offices for crypto conversion.
Iraq's banking system has limited international connectivity, and the IQD has depreciated historically. USDT provides a stable USD-equivalent that can be held and transferred without a US bank account — used for international business payments, savings preservation and remittances by Iraqi merchants and individuals.
The Kurdistan Region (Erbil, Sulaymaniyah) has the most developed local crypto economy, with active exchange offices and a tech-friendly business environment. Baghdad and Basra also have significant trading communities, with mobile-based P2P trading dominant across all regions.
Based on our scoring algorithm, Forex.com currently ranks #1 with a score of 4.4/5. Scores are recalculated every 24 hours as broker data changes.
Stocks 72%, Crypto 49%, Forex 36%
BrokerRank Research — What markets do brokers actually cover?
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BrokerRank Research — Payment methods and broker ratings
Regulation Has 0.84 Correlation With Rating
BrokerRank Research — Which factors matter most?
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
Our #1 pick for 2026
Forex.com
How do we rank brokers?
Our algorithm weights regulation (25%), fees (20%), platform (15%), markets (10%), trust (15%) and UX (15%). No paid placements — ever.
Trading involves risk of loss. Rankings are for informational purposes only — not financial advice. Full risk disclosure.
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Min. Deposit
$100
Max Leverage
1:200
Spreads From
0.8 pips
Commission
$0
Commission-free
Min. Deposit
$250
Max Leverage
1:200
Spreads From
0.6 pips
Commission
$0
Commission-free
Min. Deposit
$200
Max Leverage
1:500
Spreads From
0 pips
Commission
3.5
Min. Deposit
$0
Max Leverage
1:500
Spreads From
0.7 pips
Commission
$0
Commission-free
Min. Deposit
$50
Max Leverage
1:30
Spreads From
1 pips
Commission
$0
Commission-free
Min. Deposit
$100
Max Leverage
1:400
Spreads From
0.9 pips
Commission
$0
Commission-free
Min. Deposit
$100
Max Leverage
1:300
Spreads From
0.6 pips
Commission
$0
Commission-free
Min. Deposit
$20
Max Leverage
1:200
Spreads From
0.6 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:500
Spreads From
0 pips
Commission
3
Min. Deposit
$0
Max Leverage
1:500
Spreads From
0 pips
Commission
3.5
Min. Deposit
$1
Max Leverage
1:3000
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$200
Max Leverage
1:500
Spreads From
0 pips
Commission
3.5
Min. Deposit
$50
Max Leverage
1:30
Spreads From
0 pips
Commission
3
Min. Deposit
$100
Max Leverage
1:500
Spreads From
0 pips
Commission
3
Min. Deposit
$100
Max Leverage
1:500
Spreads From
1 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:500
Spreads From
0.1 pips
Commission
$0
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Min. Deposit
$1000
Max Leverage
1:100
Spreads From
1.3 pips
Commission
$0
Commission-free
Min. Deposit
$5
Max Leverage
1:2000
Spreads From
0 pips
Commission
3
Min. Deposit
$5
Max Leverage
1:1000
Spreads From
0.5 pips
Commission
$0
Commission-free
Min. Deposit
$10
Max Leverage
1:2000
Spreads From
0.1 pips
Commission
3.5
Min. Deposit
$100
Max Leverage
1:500
Spreads From
0 pips
Commission
3
Min. Deposit
$100
Max Leverage
1:300
Spreads From
0.6 pips
Commission
$0
Commission-free
Min. Deposit
$100
Max Leverage
1:200
Spreads From
0.1 pips
Commission
3.5
Min. Deposit
$10
Max Leverage
1:999
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$1
Max Leverage
1:500
Spreads From
0 pips
Commission
1.5
Min. Deposit
$10000
Max Leverage
1:30
Spreads From
0 pips
Commission
0.02
Min. Deposit
$0
Max Leverage
1:500
Spreads From
0 pips
Commission
3.5
Min. Deposit
$100
Max Leverage
1:500
Spreads From
0 pips
Commission
3.5
Min. Deposit
$25
Max Leverage
1:400
Spreads From
0.7 pips
Commission
$0
Commission-free
Min. Deposit
$50
Max Leverage
1:500
Spreads From
0 pips
Commission
3
Min. Deposit
$1
Max Leverage
1:1000
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:4
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:400
Spreads From
0.5 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:500
Spreads From
0 pips
Commission
2.25
Min. Deposit
$25
Max Leverage
1:500
Spreads From
0.6 pips
Commission
$0
Commission-free
Min. Deposit
$250
Max Leverage
1:500
Spreads From
0.7 pips
Commission
$0
Commission-free
Min. Deposit
$50
Max Leverage
1:1000
Spreads From
0 pips
Commission
3
Min. Deposit
$25
Max Leverage
1:500
Spreads From
0.2 pips
Commission
3
Min. Deposit
$100
Max Leverage
1:30
Spreads From
0.7 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:5
Spreads From
0 pips
Commission
2.95
Min. Deposit
$100
Max Leverage
1:500
Spreads From
0.2 pips
Commission
$0
Commission-free
Min. Deposit
$50
Max Leverage
1:500
Spreads From
0 pips
Commission
3.5
Min. Deposit
$0
Max Leverage
1:3
Spreads From
0 pips
Commission
0.5
Min. Deposit
$0
Max Leverage
1:3
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$50
Max Leverage
1:500
Spreads From
0 pips
Commission
2
Min. Deposit
$0
Max Leverage
1:20
Spreads From
0.6 pips
Commission
$0
Commission-free
Min. Deposit
$1
Max Leverage
1:200
Spreads From
0.001 pips
Commission
0.05
Min. Deposit
$0
Max Leverage
1:5
Spreads From
0.2 pips
Commission
0.16
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0.5 pips
Commission
0.6
Min. Deposit
$0
Max Leverage
1:5
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:125
Spreads From
0.1 pips
Commission
0.1
Min. Deposit
$200
Max Leverage
1:500
Spreads From
0 pips
Commission
3
Min. Deposit
$0
Max Leverage
1:5
Spreads From
0 pips
Commission
2
Min. Deposit
$0
Max Leverage
1:10
Spreads From
0.4 pips
Commission
0.075
Min. Deposit
$200
Max Leverage
1:500
Spreads From
0.1 pips
Commission
3
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0.5 pips
Commission
0.35
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0.5 pips
Commission
0.4
Min. Deposit
$10
Max Leverage
1:2000
Spreads From
0 pips
Commission
2
Min. Deposit
$0
Max Leverage
1:5
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$100
Max Leverage
1:500
Spreads From
0 pips
Commission
3
Min. Deposit
$500
Max Leverage
1:500
Spreads From
0.5 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
0.25
Min. Deposit
$50
Max Leverage
1:500
Spreads From
0 pips
Commission
3
Min. Deposit
$100
Max Leverage
1:200
Spreads From
0.6 pips
Commission
$0
Commission-free
Min. Deposit
$100
Max Leverage
1:500
Spreads From
0 pips
Commission
3
Min. Deposit
$0
Max Leverage
1:3
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$1
Max Leverage
1:1
Spreads From
0 pips
Commission
1.49
Min. Deposit
$20
Max Leverage
1:500
Spreads From
0 pips
Commission
3
Min. Deposit
$10
Max Leverage
1:2000
Spreads From
1.5 pips
Commission
$0
Commission-free
Min. Deposit
$1
Max Leverage
1:1
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
0.05
Min. Deposit
$0
Max Leverage
1:3
Spreads From
0 pips
Commission
0.05
Min. Deposit
$25
Max Leverage
1:1000
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
0.5
Min. Deposit
$0
Max Leverage
1:150
Spreads From
0 pips
Commission
0.045
Min. Deposit
$5
Max Leverage
1:1000
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:100
Spreads From
0 pips
Commission
0.01
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
0.4
Min. Deposit
$0
Max Leverage
1:125
Spreads From
0.1 pips
Commission
0.06
Min. Deposit
$100
Max Leverage
1:3000
Spreads From
0.3 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0.1 pips
Commission
0.25
Min. Deposit
$0
Max Leverage
1:100
Spreads From
0 pips
Commission
0.1
Min. Deposit
$5
Max Leverage
1:1000
Spreads From
0.4 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:100
Spreads From
0 pips
Commission
0.098
Min. Deposit
$1
Max Leverage
1:3000
Spreads From
0 pips
Commission
3
Min. Deposit
$10
Max Leverage
1:500
Spreads From
0.4 pips
Commission
$0
Commission-free
Min. Deposit
$200
Max Leverage
1:500
Spreads From
0.5 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
0.25
Min. Deposit
$1
Max Leverage
1:1
Spreads From
0 pips
Commission
0.25
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:5
Spreads From
0 pips
Commission
0.1
Min. Deposit
$1
Max Leverage
1:1
Spreads From
0 pips
Commission
1
Min. Deposit
$50
Max Leverage
1:500
Spreads From
0 pips
Commission
3.5
Min. Deposit
$0
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:100
Spreads From
0.1 pips
Commission
0.06
Min. Deposit
$0
Max Leverage
1:100
Spreads From
0.1 pips
Commission
0.08
Min. Deposit
$100
Max Leverage
1:500
Spreads From
0.8 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:2
Spreads From
0 pips
Commission
0.12
Min. Deposit
$1
Max Leverage
1:500
Spreads From
0 pips
Commission
4
Min. Deposit
$0
Max Leverage
1:2
Spreads From
0.1 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:1
Spreads From
0 pips
Commission
0.5
Min. Deposit
$1
Max Leverage
1:3000
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:100
Spreads From
0 pips
Commission
0.2
Min. Deposit
$0
Max Leverage
1:125
Spreads From
0 pips
Commission
0.2
Min. Deposit
$0
Max Leverage
1:100
Spreads From
0.1 pips
Commission
0.1
Min. Deposit
$0
Max Leverage
1:100
Spreads From
0 pips
Commission
0.075
Min. Deposit
$0
Max Leverage
1:10
Spreads From
0.1 pips
Commission
0.1
Min. Deposit
$10
Max Leverage
1:1000
Spreads From
0.9 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:200
Spreads From
0 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:2
Spreads From
0.1 pips
Commission
0.15
Min. Deposit
$0
Max Leverage
1:10
Spreads From
0 pips
Commission
0.155
Min. Deposit
$250
Max Leverage
1:200
Spreads From
1 pips
Commission
$0
Commission-free
Min. Deposit
$0
Max Leverage
1:100
Spreads From
0.1 pips
Commission
0.2
Min. Deposit
$0
Max Leverage
1:200
Spreads From
0.1 pips
Commission
0.2
Min. Deposit
$10000
Max Leverage
1:10
Spreads From
0.1 pips
Commission
0.1
Min. Deposit
$10
Max Leverage
1:500
Spreads From
0 pips
Commission
3