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Best Trading Platforms in Iran

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Despite a history of economic sanctions, Iran boasts the second biggest economy in the Middle East and Northern African regions. As such, it should come as no surprise to hear that online trading is gaining strong traction in the country.
 
Here at Business24-7, we are aware of the various pitfalls that Iranian traders can experience when signing up to any of the hundreds of options out there. And with decades of experience in the financial markets, our platform reviews take the guess work out of the process.
 
So if you’re a budding online trader in Tehran, Mashhad, Karaj, Isfahan, Shiraz, Tabriz, or anywhere else in the country, this is the right place to find the best trading platform for you.

Which Are The Top Trading Platforms In Iran?

Constantly looking to cement our position as the leading trading platform comparison site in Iran, we have decided to issue this country-specific review. We used our global catalogue of trading platform assessments as a basis and have spent the last two months conducting comparisons between each of them to provide the best possible analysis.

The ranking system for our trading platform comparisons are updated annually. This year has been no different, and we have taken our readers’ feedback, updates received from the trading platform market, and our own researchers’ insights into consideration in our updated methodology.

So without further ado, here are our final rankings for the best trading platforms available to Iran residents in 2020!

  1. IQ Option is the number one online broker in 2020. Easy to use trading platform, lots of trading assets and Highly regulated.
  2. AVAtrade is the best overall trading platform not really showing any weakness. Great for beginners and professional traders.
  3. eToro is the leading broker for social trading offering a variety of tradable assets and great research tools. Easy to use.
  4. XM Trade is the best trading platform for forex trading offering lots of different trading pairs and analysis tools. Great mobile trading platform.
  5. Pepperstone is an Australian based forex broker with a great overall performance and low trading fees. Great tools for beginner traders.


TRADING PLATFORM

BENEFITS

ASSETS

#1

Highly sophisticated platform:
- easy to use
- perfect for beginners
- demo account for training purposes
- lots of different financial instruments
- Great research tools

- Forex, Metals
- Oil, Commodities
- Indices, Stocks
- ETF's, Gold
- Cryptocurrencies

#2

plus500-logo

Highly regulated and safe platform:
- best for CFD trading
- Easy to use
- Perfect for beginners and advanced traders
- Low fees

- CFDs

#3

avatrade-logo

- Dublin based forex broker
- Highly regulated and safe
- Multilingual support
- Lots of financial instruments
- 2Million transaction/month

- Forex
- Indices
- Stocks
- Cryptocurrencies
- Commodities
- ETF's

#4

- Forex
- Indices
- Stocks
- Cryptocurrencies
- Commodities
- ETF's

#5

Quality platform:
- Highly regulated
- Beginners friendly
- Arabic/english support
- Low spreads from 0 pips
- 57 Currency pairs
- 500:1 Max leverage
- 25% bonus on first deposit

- Forex
- Indices, Energies
- Stocks/ Live Stocks
- Cryptocurrencies
- Commodities
- ETF's, Bonds
- Precious metals

#6

pepperstone-logos

Solid platform:
- AUD 200 account minimum
- from 0.0 peep fee
- Highest quality for Australian traders

- Forex, Indices
- Stocks/Live Stocks
- Cryptocurrencies
- Commodities


iq-options

IQ Option: Best for Options trading 

With almost 16 million accounts and 3,6 million trades per day IQ Options is a legit and transparent trading platform following the latest financial regulations, which enables users to trade a variety of different instruments and assets like forex, stocks, binary options, cryptocurrencies etc.

The trading experience is pretty smooth. Based on the high level functionality the platform is a good fit for professional traders, but it is also a good fit for beginners as it is really easy to understand and navigate. 

plus500-logo

Plus500: Best For CFD Trading

Plus 500 is a quality CFD's provider and operates around the world via its subsidiaries: Plus500AU, AFSL #417727 issued by ASIC, Derivatives issuer licence in New Zealand for NZ clients, FSP No. 486026; Financial Services Provider # 47546 in South Africa. Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

avatrade

EASIEST TO USE: AVA Trade

For a start, Avatrade boasts some pretty impressive business statistics, facilitating over two million transactions every month, with total values regularly exceeding $60 billion in value. These transactions aren’t only limited to forex trading, but extends to other financial instruments such as digital currency, bonds, different binary options and CFDs.

etoro-logo

eToro: Best for Social Trading

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.

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

XM-logo

XM: Best for Forex Trading

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 global company focuses on three core principles:

Be big, Be fair, Be human.

Central Bank of Iran (CBI) – Is Online Trading in Iran Legal?

Formed in 1960, the Central Bank of Iran (CBI) is responsible for supervising the country’s banks and credit institutions. Its key objectives are to maintain the value of the Iranian rial (the domestic currency), facilitate trade-related financial transactions, and develop Iran’s economic growth.

In January this year, the CBI approved the creation of a regulated forex market in Iran, which represents a serious step forward towards protecting Iranian traders from scams and other nefarious conduct.

Our analysts expect this trend to continue developing across all asset classes, and recommend following the CBI’s website, where full details on its monetary policy, laws and regulations, supervisory role, and other matters are explained in full.

Ranking the Best Trading Platforms Available in Iran

There are plenty of opportunities to make mistakes when finding the trading platform for you. That’s why we go to great lengths in our testing process.

Our readers are most concerned with fees, so this is where the majority of our research is devoted. Here, we focus on revealing any hidden costs and use practical examples to work out how much it costs to enter a position and then exit. The range of products on offer is also assessed, and we rank each trading platform according to which has the broadest choice available.

The user experience and user interface experiences also figure prominently in our rankings, as well as safety and security, ease of account opening, and the standard of customer service on offer. Research standards, regulatory and Shariah compliance, and the teaching/training tools on offer factor into our final rankings too.

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Our Mission

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing. 

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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