ANSWER No, Forex Iraq is an unregulated forex broker, despite its claim of being the only licensed brokerage authorized in Iraq and Kurdistan. The only regulatory information presented by Forex Iraq on its website is that it is operated by Myrtle Trade Brokerage Ltd., a company registered with Ministry of Commerce. However, the regulatory agency overseeing financial activities in Iraq is Iraqi Securities Commission (ISC), and our search in the Brokerage Firms register of ISC found no corresponding records.In addition, it is worth noting that forex trading in Iraq is not yet fully regulated, and there are no specific regulations dedicated solely to forex trading. Therefore, Forex Iraq is not operating as a legitimate forex trading platform and you should avoid trading with this broker.
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