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Best Forex Brokers in Iran

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Our team of analysts at Business24-7.ae are proud to have developed the leading broker comparison site for forex traders in Iran. Throughout the year, we conduct regular analyses of each broker available, and we are now the go-to resource for beginner and experienced traders alike.

Which Are the Best Forex Brokers In Iran?

Keen to assist forex brokers in Iran choose the right broker for them, we used our global catalogue of broker assessments as the basis for our more detailed Iran review. After carrying out a deep dive into the Iranian forex market, we have now compiled the most complete and thorough forex comparison available for Iran traders in 2020.

  • eToro – Best overall offer
  • Swissquote – Best banking services
  • Saxo Bank – Best VIP client experience
  • Interactive Brokers – Best for professionals
  • FxPro – 4.0 Stars
  • XM Group – 4.0 Stars
  • XTB – 3.5 Stars
  • Pepperstone – 3.5 Stars
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eToro - Best Overall Offer

eToro is an established social trading company, operating since 2007. It is an FCA regulated entity when operating in the UK, an Australian entity in Australia, and a Cypriot entity for international customers.

In our review eToro has been awarded as the best social trading platform - social trading means you can follow other traders and copy their investment strategies.

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Swissquote - Best Banking Service

Swissquote is a trustworthy and well-regulated online broker, operating with two units. Its Swiss unit offers, among others, stock, features, funds and options while the London-based unit is specialized in Forex and CFDs trading.

From the results in our review, we would recommend this platform to users looking for fast deposit and withdrawal + great research tools.

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Saxo Bank - Best VIP client experience

If you are a trader that can afford a minimum deposit of USD 10,000 (or GBP 500 for the UK), an excellent forex broker for you is Saxo Bank. Saxo Bank stands out since it provides a unique trading platform, competitive prices, professional research, more than 40,000 trading instruments, and outstanding customer service.

In our review we also liked the incredible pricing on the platform and the exclusive SaxoTraderGO flagship platform. You will get everything you need to perform well in the market.

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Interactive Brokers - Best For Professionals

In our 2020 review, Interactive Brokers has ranked second overall because of its vast array of tools for advanced investors that track global investing trends.

The firm can connect to any global electronic exchange, which means trading futures, equities, and options around the world is easy and straightforward, whether from your mobile device or your desktop.

Even though Interactive Brokers is an excellent advisory, new investors may find its extensive capabilities to be overwhelming and distracting, and we recommend that they start trading somewhere else.

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FxPro

Founded in 2006, FXPro operates in the United Kingdom and is in the spread betting and CFD market. In 2017, Global Brands Magazine voted FXPro as the most trusted Forex brand in the UK.

FXPro has more than 870,000 clients in 173 countries. The DFSA, FSCA, SBC, FCA, and the CySEC all participate in the regulation of FXPro.

  • Easy-to-understand pricing
  • News in Realtime
  • Large product offering
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XM Trade

XM.com is part of a much larger organization called the Trading Point of Financial Instruments UK Limited. This organization created the exam group in 2009, which then founded XM.com, which is now one of the best established and well-known investment firms in the world.

With over 1.5 million clients in 196 countries, the XM forex global company focuses on three core principles:

Be big, Be fair, Be human.

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XTB Trading

XTB is primarily a CFD and forex broker regulated by the most trusted financial regulators including the FCA and is also listed on the Warsaw stock exchange.

We would recommend this platform to users looking for fast deposit and withdrawal + great research tools.

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Pepperstone

Since opening its doors in 2010, Pepperstone Group has become one of the best brokerages in the Australian financial industry. They have built a full-featured trading portal with highly competitive benefits that focuses on indexes, Forex, and commodity instruments.

A wide variety of web-based, desktop, and mobile trading platforms accessible by multiple account types is attractive to novice traders.

Trading Regulation In Iran

However, in January, the Central Bank of Iran (CBI) went a step further by approving the creation of a regulated forex market in Iran. The fledgling market was established in an attempt to create more stability in Iran’s volatile forex market. Serving as a liaison between forex brokers and buyers, it is based in the CBI’s offices in Tehran. Earlier this year, the offices in which the market is headquartered were the scene of a fire. Thankfully, no damage was sustained to the servers and other important equipment, but more importantly nobody was hurt. This fire served as a telling metaphor. It is our hope at Business24-7.ae that Iran’s emerging regulated forex market means that Iran’s commitment to regulated forex trading means that Iran’s forex traders don’t get burnt from scams and other nefarious conduct.

Unfortunately, the launch date for the new regulated market (12 August 2020) was missed, with the delay attributed to a failure to ensure the minimum number of banks and brokerages were in place before the market opened. With the unveiling originally timed to align with Eid al-Adha, the Muslim feast, forex traders in Iran are now waiting for the CBI to announce the new launch date. Although the Central Bank of Iran has no social media accounts to follow, it does have a very up-to-date and informative website.

As you can see, it is not straightforward for Iran citizens to find the right forex broker them. However, it is our core mission at Business24-7.ae to put that right. In that spirit, we have done the legwork for you, ranking each of the forex brokers available to Iran residents on 272 different criteria.

Which Forex Broker Is Best for Iran Residents?

Take a moment to use our forex broker tool to see a complete overview of the Iran market. The brokers we review are ranked in accordance with our updated methodology, which has been built up over years of painstaking research by our team of expert analysts.

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