9 Best Forex Brokers in Iran
Last Update: April 30th, 2024
The 9 Best Forex Brokers in Iran – Rated and Reviewed. We have listed the top international Forex Brokers accepting Iranian Traders.
In the in-depth article you will learn:
- The Best Forex Brokers Accepting Iranian Traders – a List
- Is Forex Trading legal in Iran?
- The Best Forex Brokers with Islamic Accounts.
- Top MT4/MT5 Forex Brokers for Beginners
and much, MUCH more!
9 Best Forex Brokers in Iran – a Comparison
| 🔎 Broker | 🚀Open an Account | 🤝 Accepts Iranian Traders | 💴 Min. Deposit (IRR) |
| 🥇 Octa | 👉 Click Here | ✅Yes | 1051562,50 IRR |
| 🥈 IC Markets | 👉 Click Here | ✅Yes | 8412500,00 IRR |
| 🥉 AvaTrade | 👉 Click Here | ✅Yes | 4206250,00 IRR |
| 🏅 HF Markets | 👉 Click Here | ✅Yes | 210312,50 IRR |
| 🎖️ Admirals | 👉 Click Here | ✅Yes | 1051562,50 IRR |
| 🥇 Pepperstone | 👉 Click Here | ✅Yes | 5397460,00 IRR |
| 🥈 FP Markets | 👉 Click Here | ✅Yes | 2698730,00 IRR |
| 🥉 FXTM | 👉 Click Here | ✅Yes | 420625,00 IRR |
| 🏅 XTB | 👉 Click Here | ✅Yes | None |
9 Best Forex Brokers in Iran (2024)
- ☑️ Octa – Overall, the Best Forex Broker accepting Iranian Traders
- ☑️ IC Markets – Best Islamic, Swap-Free Forex Broker
- ☑️ AvaTrade – Leading Forex Broker with MT4/MT5 Support
- ☑️ HF Markets – User-Friendly Islamic Forex Broker
- ☑️ Admirals – Best Online Trading Experience
- ☑️ Pepperstone – High User Trust Score
- ☑️ FP Markets – Low IRR Minimum Deposit
- ☑️ FXTM – Great Overall Offering
- ☑️ XTB – No Deposit Swap-Free Account
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.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Powerful trading platforms | No Tier-1 Regulations |
| Diverse set of trading instruments | Demo Account expires after 30 Days |
Our Insights
Octa is suited to all traders. Furthermore, Octa offers multiple accounts, including an Islamic Option.
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 Deposit | 200 USD |
| 💵 Inactivity Fee | None |
| 📌 Regulation and Licenses | ASIC, CySEC, FSA, SCB |
| 5️⃣ Ease of Use Rating | 5/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Affordable forex and CFD trading costs | High minimum deposit requirement |
| Comprehensive education and research | No investor protection for non-EU customers |
Our Insights
IC Markets is suited to Novice and Professional Traders. However, the minimum deposit of 200 USD is classed as High.
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.
Pros and Cons
| ✅ Pros | ❌ Cons |
| 1,260+ instruments | Inactivity Fees |
| Islamic Account | Limited Deposits and Withdrawals |
Our Insights
AvaTrade is suited to all traders. However, the multitude of trading platforms and accounts will overwhelm beginners.
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.
Pros and Cons
| ✅ Pros | ❌ Cons |
| HFM has competitively low swap rates on EUR/USD and other major instruments | HFM’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
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 Deposit | 25 USD |
| 🎉Established Year | 2001 |
| ⏰Support Hours | 24/5 |
| 💻Trading Platforms | MetaTrader 4, MetaTrader 5, Admirals App |
| 📈Account Types | Trade.MT4, Zero.MT4, Trade.MT5, Invest.MT5, Zero.MT5, Bets.MT5 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | No 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
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 Deposit | AU$200 |
| 📈 Account Types | Standard Account, Razor Account |
| 💵 Base Currencies | USD, GBP |
| 📉 Spreads | From 0.0 pips EUR/USD on the Razor Account |
| 📊 Leverage | 1:500 (Pro), 1:200 (Retail) |
| 💶 Currency Pairs | 70, minor, major, and exotic pairs |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Fully digital account opening | Mostly CFDs offered |
| Great customer service | Basic 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 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 Deposit | AU$100 |
| 💵 Inactivity Fee | None |
| 📈 Spreads | From 0.0 pips |
| 📉 Leverage | 1:500 |
| 💶 Currency Pairs | Major, Minor, Exotic |
| 📌 Regulations | ASIC, CySEC, FSCA, FSA, FSC |
| 5️⃣ Ease of Use Rating | 4/5 |
| 🎁 Bonuses | None |
| ⏰ Support Hours | 24/7 |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low forex fees | Limited product portfolio |
| Negative balance protection | Selected Withdrawal Fees |
Our Insights
FP Markets suited all levels of Traders. Furthermore, it offers 10’000+ items for trade. However, the AU$ 100 Minimum Deposit is high.
FXTM
FXTM is a well-established and regulated Forex Broker. An Islamic Option is offered to Muslim Traders. Furthermore, a Micro Account is available.
| 🔎 Broker | 🥇 FXTM |
| 💴 Minimum Deposit | 10 USD |
| 💵 Inactivity Fee | $5 after 6 months of inactivity |
| 🎁 Bonuses | Referral bonus |
| ⏰ Support Hours | 24/5 |
| 🖱️ Trading Platforms | MetaTrader 4, MetaTrader 5, FXTM Trader |
| 📌 Account Types | Micro, Advantage, Advantage Plus |
| 💷 Base Currencies | USD, EUR, GBP, NGN |
| 🚀 Open an Account | 👉 Click Here |
Pros and Cons
| ✅Pros | ❌Cons |
| Superb customer service | High stock CFD fees |
| Great educational tools | Inactivity and withdrawal fees |
| Digital and fast account opening | Limited product portfolio |
| Low fees for stock index CFDs | High stock CFD fees |
| Low EURCHF and EURGBP fees | Most withdrawal options have a fee |
Our Insights
FXTM is well-suited for Beginners. Moreover, the minimum deposit of 10 USD is classed as low.
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.
Pros and Cons
| ✅ Pros | ❌ Cons |
| Islamic Account | Inactivity fee |
| Free Deposit and Withdrawal | High conversion fee |
Our Insights
Muslim Traders will benefit.
In Conclusion
Forex Trading in Iran has gained popularity. Moreover, Forex Trading in Iran is Safe and Regulated by the Central Bank of Iran.
| Broker | Review | Regulators | Min Deposit | Website | |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | USD 100 | Visit Broker >> |
| 🥈 |  | Read Review | FMA, FSA | USD 50 | Visit Broker >> |
| 🥉 |  | Read Review | FSCA, CySEC, DFSA, FSA, CMA | USD 0 | Visit Broker >> |
| 4 |  | Read Review | SFSA, FSCA, CySec* | USD 5 | Visit Broker >> |
| 5 |  | Read Review | FCA, CySEC, FSCA, SCB | USD 100 | Visit Broker >> |
| 6 |  | Read Review | FCA, FINMA, FSA, ASIC | USD 0 | Visit Broker >> |
| 7 |  | Read Review | CySEC, FCA, FSA, FSCA, Labuan FSA | USD 100 | Visit Broker >> |
| 8 |  | Read Review | Not Regulated | 0.001 BTC | Visit Broker >> |
| 9 |  | Read Review | ASIC, CySEC, FSCA, CMA | USD 100 | Visit Broker >> |
| 10 |  | Read Review | CySEC,MISA, FSCA | USD 20 | Visit 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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Frequently Asked Questions
Is Forex Trading Legal in Iran?
Forex Trading is legal in Iran.
What is the Legal age to Trade Forex in Iran?
The legal age for Forex Trading in Iran is 18 years of age.
What is the Iranian Revenue Service?
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.
Who is the regulatory authority in Iran?
The CBI maintains the country’s balance of payments and monetary policies.
What is the local currency in Iran?
The local currency in Iran is the Iranian Rial.
Who is the best Forex Broker in Iran?
According to research, Octa is the best Forex Broker in Iran.
Which regulatory bodies oversee Octa?
The Cyprus Securities and Exchange Commission (CySEC), the SVG FSA, and the FSCA oversee compliance with financial norms and operating rules.
Can I utilize automated trading methods with IC Markets?
IC Markets’ platforms offer automated trading techniques using Expert Advisors (EAs) on MetaTrader and cBots on cTrader.
What kind of trading experience does AvaTrade offer?
They provide a full trading experience for beginner and expert traders.
What kind of broker is HFM?
They are a multi-asset broker that provides forex and CFD trading services.
Can I trade crypto with Admirals?
Admirals provide CFD trading on cryptocurrencies.
How long does it take to open a Pepperstone trading account?
24 Hours.
What types of trading instruments does FP Markets offer?
FP Markets offers over 10,000 trading items, including Forex, indices, and, commodities.
How many global offices does FXTM have?
FXTM has worldwide offices in Cyprus, the United Kingdom, Nigeria, Kenya, and South Africa.
Does XTB provide an option for swap-free trading accounts?
XTB provides Swap-Free accounts that adhere to Islamic financial principles.
Top 4 Brokers
