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Forex Iraq
Operating status: SCAM
Website: https://forexiraq.net/
Broker violations and abnormal records
Forex Iraq boasts that it is the only licensed broker in Iraq, operated by Myrtle Trade Brokerage Ltd., a company registered with Ministry of Commerce.
However, Forex trading in Iraq is not yet fully regulated, and there are no specific regulations dedicated solely to forex trading. The government body overseeing financial activities is Iraqi Securities Commission (ISC). We conducted a search in the Brokerage Firms register of ISC but no corresponding records yielded.
In essence, Forex Iraq is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.
Forex Iraq appears to be a scam.
Forex Iraq boasts that it is the only licensed broker in Iraq, operated by Myrtle Trade Brokerage Ltd., a company registered with Ministry of Commerce.However, Forex trading in Iraq is not yet fully regulated, and there are no specific regulations dedicated solely to forex trading. The government body overseeing financial activities is Iraqi Securities Commission (ISC). We conducted a search in the Brokerage Firms register of ISC but no corresponding records yielded.In essence, Forex Iraq is not regulated by any governing body. Entrusting it with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.Forex Iraq appears to be a scam.
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