Forex Iraq Review
43
Review
Fast Facts
Contact Info and Support
Traffic information
| Category | Metrics | Meaning |
|---|---|---|
| Ratings | Global Rank | - |
| Country Code | - | |
| Country Rank | - | |
| Category Rank | - | |
| Engagement metrics | Visits | 404 |
| Bounce Rate | 0.2304 | |
| Pageviews per Visit | 6.83 | |
| Avg. Visit Duration | 80.3 | |
| Estimated monthly visits | July 2025 | 195 |
| August 2025 | 280 | |
| September 2025 | 404 | |
| Top countries | Iraq (IQ) | 100% |
| Traffic sources | Search | 46.57% |
| Direct | 32.67% | |
| Referrals | 13.77% | |
| Social | 4.72% | |
| Paid Referrals | 1.42% | |
| 0.19% |
About Forex Iraq
Forex Iraq operates via the website and claims to be the only licensed broker in Iraq under the name Myrtle Trade Brokerage Ltd., registered with the Ministry of Commerce. Forex trading in Iraq lacks a specific regulatory framework, and a search in the Iraqi Securities Commission (ISC) brokerage firm register returned no matching records, indicating Forex Iraq is unregulated. Regulatory oversight extends only to licensed banks and financial institutions per Central Bank of Iraq (CBI) resolution 112/2016, and no forex-specific license was found for this broker. As a result, Forex Iraq functions without any recognized financial regulatory protection. ()
Forex trading in Iraq operates in a legal grey area: it is not explicitly prohibited, but the CBI does not license retail forex brokers. Unauthorized entities may face penalties under Iraqi law, including fines and imprisonment under Article 228 of the Penal Code. Forex Iraq’s lack of regulatory authorization exposes clients to significant risk with no legal recourse. ()
