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9 Best Forex Brokers in Iran

Last Update: June 26th, 2024

Forex Brokers Iran

 

The 9 Best Forex Brokers in Iran – Rated and Reviewed. We have listed the top international Forex Brokers that accept traders in Iran.

 

In the in-depth article you will learn:

 

 

and much, MUCH more!

 

9 Best Forex Brokers in Iran

 

9 Best Forex Brokers in Iran – a Comparison

 

🔎 Broker🚀Open an Account🤝 Accepts Iranian Traders💴 Min. Deposit (IRR)
🥇 Octa👉 Click Here✅Yes1051562,50 IRR
🥈 IC Markets👉 Click Here✅Yes8412500,00 IRR
🥉 AvaTrade👉 Click Here✅Yes4206250,00 IRR
🏅 HF Markets👉 Click Here✅Yes210312,50 IRR
🎖️ Admirals👉 Click Here ✅Yes1051562,50 IRR
🥇 Pepperstone👉 Click Here ✅Yes5397460,00 IRR
🥈 FP Markets👉 Click Here✅Yes2698730,00 IRR
🥉 FXTM👉 Click Here✅Yes420625,00 IRR
🏅 XTB👉 Click Here✅YesNone

 

9 Best Forex Brokers in Iran (2024)

 

  1. ☑️ Octa – Overall, the Best Forex Broker accepting Iranian Traders
  2. ☑️ IC Markets – Best Islamic, Swap-Free Forex Broker
  3. ☑️ AvaTrade – Leading Forex Broker with MT4/MT5 Support
  4. ☑️ HF Markets – User-Friendly Islamic Forex Broker
  5. ☑️ Admirals – Best Online Trading Experience
  6. ☑️ Pepperstone – High User Trust Score
  7. ☑️ FP Markets – Low IRR Minimum Deposit
  8. ☑️ FXTM – Great Overall Offering
  9. ☑️ XTB – No Deposit Swap-Free Account

 

OctaFX Review

 

Octa

Octa is regulated by the Cyprus Securities and Exchange Commission (CySEC), the SVG FSA, and the FSCA. Account types offered are OctaTrader, MetaTrader 4, MetaTrader 5, and, Islamic.

Moreover, the minimum deposit set is 25 USD.

 

Octa

 

Pros and Cons

 

✅ Pros❌ Cons
Powerful trading platformsNo Tier-1 Regulations
Diverse set of trading instrumentsDemo Account expires after 30 Days

 

Our Insights

Octa is suited to all traders. Furthermore, Octa offers multiple accounts, including an Islamic Option.

 

IC Markets Review

 

IC Markets

IC Markets is a renowned Forex and CFD Broker regulated by ASIC, CySEC, and, the FSA. An Islamic Option is available on the MetaTrader 4, MetaTrader 5, and cTrader platforms.

Moreover, Social Trading is offered via ZuluTrade.

 

🔎 Broker🥇 IC Markets
💴 Minimum Deposit200 USD
💵 Inactivity FeeNone
📌 Regulation and LicensesASIC, CySEC, FSA, SCB
5️⃣ Ease of Use Rating5/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

IC Markets

 

Pros and Cons

 

✅Pros❌Cons
Affordable forex and CFD trading costsHigh minimum deposit requirement
Comprehensive education and researchNo investor protection for non-EU customers

 

Our Insights

IC Markets is ideal for Novice and Professional Traders. The minimum deposit of 200 USD is High.

 

AvaTrade Review New

 

AvaTrade

AvaTrade is a well-established Forex Broker licensed and regulated in several countries. Furthermore, an Islamic Account that provides traders access to a broad product selection is offered.

 

AvaTrade Overview

 

Pros and Cons

 

✅ Pros❌ Cons
1,260+ instrumentsInactivity Fees
Islamic AccountLimited Deposits and Withdrawals

 

Our Insights

AvaTrade is suited to all traders. However, the multitude of trading platforms and accounts will overwhelm beginners.

 

HFM Review

 

HF Markets

HFM is licensed and regulated by the FSCA, CySEC, DFSA, FSA, FCA, FSC, and, CMA. HF Markets offers a Swap-Free Account with no rollover or swap fees on overnight balances.

Moreover, the set minimum deposit is 5 USD.

 

HFM

 

Pros and Cons

 

✅ Pros❌ Cons
HFM has competitively low swap rates on EUR/USD and other major instrumentsHFM’s instrument portfolio is limited compared to other traders

 

Our Insights

HFM is a top choice for beginners. Furthermore, HF Markets prioritizes client education and safety.

 

Admirals Review

 

Admirals

Admirals is a renowned online trading service supplier regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investment Commission (ASIC). Moreover, an Islamic Option is available across all MT5 Account Types.

 

🔎Broker🥇Admirals
💴Minimum Deposit25 USD
🎉Established Year2001
⏰Support Hours24/5
💻Trading PlatformsMetaTrader 4, MetaTrader 5, Admirals App
📈Account TypesTrade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5
🚀 Open an Account
👉 Click Here

 

Admirals

 

Pros and Cons

 

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalNo 24/7 customer service

 

Our Insights

Admirals are best suited to Professionals. The number of account types will overwhelm Novice Traders. Furthermore, the 25 USD minimum deposit is fair.

 

Pepperstone Review

 

Pepperstone

Pepperstone is a trusted Forex Broker regulated by ASIC, BaFin, CMA, CySEC, DFSA, FCA, and SCB. Furthermore, an Islamic Option is offered to Muslim Traders. Moreover, Multilingual Customer support is provided.

 

🔎 Broker🥇 Pepperstone
💴 Minimum DepositAU$200
📈 Account TypesStandard Account, Razor Account
💵 Base CurrenciesUSD, GBP
📉 SpreadsFrom 0.0 pips EUR/USD on the Razor Account
📊 Leverage1:500 (Pro), 1:200 (Retail)
💶 Currency Pairs70, minor, major, and exotic pairs
🚀 Open an Account
👉 Click Here

 

Pepperstone

 

Pros and Cons

 

✅ Pros❌ Cons
Fully digital account openingMostly CFDs offered
Great customer serviceBasic Trading Platforms

 

Our Insights

Pepperstone serves a wide range of customers. However, the account types are limited. Moreover, the minimum deposit is classed as High.

 

FP Markets

 

FP Markets

FP Markets is an Australian Forex Broker regulated by the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC).

Furthermore, Islamic Standard and Islamic Raw Accounts are offered.

 

🔎 Broker🥇 FP Markets
💴 Minimum DepositAU$100
💵 Inactivity FeeNone
📈 SpreadsFrom 0.0 pips
📉 Leverage1:500
💶 Currency PairsMajor, Minor, Exotic
📌 RegulationsASIC, CySEC, FSCA, FSA, FSC
5️⃣ Ease of Use Rating4/5
🎁 BonusesNone
⏰ Support Hours24/7
🚀 Open an Account👉 Click Here

 

FP Markets

 

Pros and Cons

 

✅ Pros ❌ Cons
Low forex feesLimited product portfolio
Negative balance protectionSelected Withdrawal Fees

 

Our Insights

FP Markets suited all levels of Traders. Furthermore, it offers 10’000+ items for trade. However, the AU$ 100 Minimum Deposit is high.

 

FXTM Review

 

FXTM

FXTM is a well-established and regulated Forex Broker. In addition, an Islamic Account is available. Furthermore, a Micro Account is offered.

 

🔎 Broker🥇 FXTM
💴 Minimum Deposit10 USD
💵 Inactivity Fee$5 after 6 months of inactivity
🎁 BonusesReferral bonus
⏰ Support Hours24/5
🖱️ Trading PlatformsMetaTrader 4, MetaTrader 5, FXTM Trader
📌 Account TypesMicro, Advantage, Advantage Plus
💷 Base CurrenciesUSD, EUR, GBP, NGN
🚀 Open an Account👉 Click Here

 

FXTM Review

 

Pros and Cons

 

✅Pros❌Cons
Superb customer serviceHigh stock CFD fees
Great educational toolsInactivity and withdrawal fees
Digital and fast account openingLimited product portfolio
Low fees for stock index CFDsHigh stock CFD fees
Low EURCHF and EURGBP feesMost withdrawal options have a fee

 

Our Insights

FXTM best suits Beginners. Moreover, the minimum deposit of 10 USD is low.

 

XTB Review

 

XTB

A highly Regulated Forex Broker with a global presence in crucial financial hubs, XTB offers an Islamic Account and does not require a minimum deposit.

 

XTB Islamic Account

 

Pros and Cons

 

✅ Pros❌ Cons
Islamic AccountInactivity fee
Free Deposit and WithdrawalHigh conversion fee

 

Our Insights

XTB is ideal for Beginners and Professionals. Moreover, Muslim Traders will benefit from a swap-free Islamic account and a Demo Account for strategy testing.

 

In Conclusion

Forex Trading in Iran has gained popularity. Moreover, Forex Trading in Iran is Safe and Regulated by the Central Bank of Iran.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

 

Our Insights

While reviewing the Best Forex Brokers that accept Iranian Traders, we found 9 excellent options. Furthermore, each broker has its list of benefits, ranging from Islamic accounts to Multilingual Customer Support. Moreover, finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

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FAQs

Forex Trading is legal in Iran.

The legal age for Forex Trading in Iran is 18 years of age.

Taxation in Iran is levied and collected by the Iranian National Tax Administration under the Ministry of Finance and Economic Affairs of the Government of Iran.

The CBI maintains the country’s balance of payments and monetary policies.

The local currency in Iran is the Iranian Rial.

According to research, Octa is the best Forex Broker in Iran.

The Cyprus Securities and Exchange Commission (CySEC), the SVG FSA, and the FSCA oversee compliance with financial norms and operating rules.

IC Markets’ platforms offer automated trading techniques using Expert Advisors (EAs) on MetaTrader and cBots on cTrader.

They provide a full trading experience for beginner and expert traders.

They are a multi-asset broker that provides forex and CFD trading services.

Admirals provide CFD trading on cryptocurrencies.

24 Hours.

FP Markets offers over 10,000 trading items, including Forex, indices, and, commodities.

FXTM has worldwide offices in Cyprus, the United Kingdom, Nigeria, Kenya, and South Africa.

XTB provides Swap-Free accounts that adhere to Islamic financial principles.

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