Best Islamic Forex Brokers in Iraq (2026) 2026

Islamic Forex Trading in Iraq

Iraq is a Muslim-majority country of approximately 40 million people, where Islamic finance principles are central to financial decision-making. International forex and CFD trading is conducted through offshore platforms — the Iraq Securities Commission (ISC) does not regulate retail forex brokers. For Iraqi Muslim traders, swap-free Islamic accounts that eliminate riba (overnight interest) are not optional but essential. FCA and ASIC-regulated brokers providing verified Islamic accounts are the most trusted choices given their strong fund-segregation rules.

Funding is a key practical challenge for Iraqi traders. US sanctions and banking restrictions mean most Iraqi traders rely on USDT (Tether) cryptocurrency as their primary deposit method. Arabic-language platforms and customer service are essential. Gold (XAU/USD) and oil CFDs hold special relevance for traders tracking Iraq's oil-driven economy — these instruments are both financially relevant and broadly considered permissible under Islamic finance guidelines when traded through swap-free accounts.

What to Look for in an Islamic Forex Broker in Iraq

• Verified swap-free accounts: Ensure overnight interest is eliminated entirely — not replaced by administration charges on held positions.
• USDT deposit support: The most reliable funding method given Iraqi banking restrictions — confirm USDT (TRC-20 or ERC-20) is accepted.
• FCA or ASIC regulation: Provides fund segregation and investor protections outside Iraq's domestic financial jurisdiction.
• Arabic-language platform: Full Arabic interface and customer service is essential for Iraqi traders.
• Gold and oil instruments: XAU/USD and Brent crude are top instruments — compare spreads and Islamic account compatibility for these specifically.

See all brokers available in Iraq →

Also interested in CFD trading? See best CFD brokers in Iraq →

Also see Islamic brokers in: Jordan · Egypt · Saudi Arabia