Iran forex brokers
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Top brokers in Iran: Full guide for the beginners
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Account Email:. First Name:. Last Name:. Phone Number:. I have read and accepted the privacy policy. Hello How can we help you today? If you are a beginner, how do you even begin to look for a brokerage to join? This question is often the first one to come up for those, who are not yet familiar with the Forex market. To put it simply, you should get yourself prepared for hours upon hours of extensive research and fact-checking, up until you reach the final point of nerve-wracking decision-making.
Since we have all been beginners at some point, we know exactly just how hard it is to make the right choice.
Is Forex Trading Legal in Iran? Find Out Here
In order to help you out, our own experts took it upon themselves to carefully monitor and examine the brokerages that offer their services in Iran. What we came up with is a complete list of the best Forex brokers in Iran that you can find below. Although the Iranian economy seems relatively stable, the recent economic sanctions against it threaten the sustainable development of the national economy. Although the number of visitors has declined significantly during the war with Iraq, the industry is now in recovery, and 5 million people have visited Iran since , attracted by the countries history, culture, and more than 22 world heritage sites.
The national currency of Iran is the Iranian rial, however, due to the existing regulations, it cannot be traded.
Nevertheless, a lot of Forex trading brokers in Iran accept deposits made in this currency, which means that you can save money on exchange rates and additional commission fees that come with making deposits and withdrawing funds. If you are a beginner, the inability to trade Iranian rial should not disappoint you too much.

Most professional traders advise beginners to stay away from Exotic currency pairs anyways, as they are highly prone to volatility, and require a substantial amount of knowledge and skill to be traded successfully. In turn, Major currency pairs are usually less volatile and can serve as a good training ground for one to work out an efficient trading strategy and build up trading confidence.
The main regulatory body in Iran is the Central Bank of Iran. This regulatory body is responsible for the entire financial sector of the country, including the Forex market. Although the Central Bank has promised that over the years a working regulatory mechanism for the Forex market will be introduced, it is yet to live up to its promises. The Central Bank of Iran does not issue licenses to the brokers, which means that there are hardly any local FX brokerages to sign up with.
Although you can find some of the international regulated Forex brokers in Iran, the number of them is also quite limited. Having said that, we should, however, mention that it does not mean that you, as a trader in Iran, cannot access the market altogether. One thing you should keep in mind while choosing a brokerage to join is the license that the broker possesses — a broker can be considered reliable if the license is issued by one of the reputable regulatory authorities — such as the CySEC, BaFIN, or FCA.
Since the Iranian Forex market is not yet fully developed and can be quite unsafe for the local traders, here are some of the important measures that you can undertake in order to protect yourself and your hard-earned funds.
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There are various ways of determining whether a brokerage can be trusted, including online forums, feedback of the customers, and broker reviews from reliable sources. We recommend that you take your time to look through those, as a failure to do so can ultimately result in significant financial losses. Moreover, before making a final decision to join one of the Iranian Forex brokers in , we suggest that you double-check the licensing information that it discloses on its official website.
As the Forex market began to grow in popularity in counties all over the world, the number of fraud schemes disguised as legitimate brokerages have also grown simultaneously. You can often come across a brokerage that claims that its license is received from a reputable body, although in reality, it might not have any license at all.
Iran launched a domestic Forex Management Integrated System to encourage exporters of non-oil commodities to sell their foreign currency earnings to importers of consumer products. It is locally referred to as NIMA. Although the official exchange rate is 42, rials per 1 USD, you can earn up to , rials per 1 USD on the parallel forex market. As of July , 1 euro can be traded for , rials and 1 UK pound can be traded for , rials. Get the latest forex rates from NIMA at sanarate. You need an online broker to start your forex trading journey.
These platforms are equipped with advanced tools to help you browse and trade numerous forex currency pairs. You can also find many educational resources and daily financial news from around the globe to improve your trading strategies. Take a look at some of the best forex brokers on the market. IG is a comprehensive forex broker that offers full access to the currency market and support for over 80 currency pairs.
The broker only offers forex trading to its U. Though IG could work on its customer service and fees, the broker is an asset to new forex traders and those who prefer a more streamlined interface. CedarFX offers access to a wide range of tradable securities, including stocks, futures, major and exotic forex pairs, cryptocurrencies and more. Though CedarFX could introduce a few additional educational resources, the broker remains a unique option for traders invested in giving back.
With a massive range of tradable currencies, low account minimums and an impressive trading platform, FOREX. Though Australian and British traders might know eToro for its easy stock and mobile trading, the broker is now expanding into the United States with cryptocurrency trading. Getting started with HYCM is quick and easy, and most investors can open an account in as little as 10 minutes. A wide range of educational and investing tools are available, which can be equally beneficial to both experienced and novice traders.
This brokerage is headquartered in Dublin, Ireland and began offering its services in It offers multiple trading platforms and earns mainly through spreads. There are certain key forex terms you should be familiar with before you start trading. These terms are used universally by millions of forex traders every day. Pip: The smallest unit of price movement is measured by pips. Generally, forex currency pairs are listed up to the 4th decimal point.
Lot size: The lot size is the total number of currency pairs that you want to buy or sell and , units are the standard lot size. You can buy and sell currency pairs of smaller lot sizes as well. Orders: An order is a command you execute on the online forex broker to carry out your trade. When you want to buy forex currency pairs, you execute a buy order. When you want to sell forex currency pairs, you execute a sell order.
Calls: The online forex broker sends you instant notifications or calls. The most common call issued by the broker is when you have a forex trade open for a long time and need additional funds to maintain its position. Check your account constantly for calls to drastically decrease your losses.
From managing tight currency exchange rates to developing a full-fledged forex trading platform, Iran is leaving no stone unturned to support its native traders.
List of best Forex brokers in Farsi
Consider forex trading in Iran to amplify your profits by investing in international currencies today. You can access hundreds of educational videos and workshops and even individualized private sessions with mentors. Never trade alone! Join ForexSignals. Forex trading is an around the clock market. Benzinga provides the essential research to determine the best trading software for you in Benzinga has located the best free Forex charts for tracing the currency value changes.
Let our research help you make your investments.