Myrtle's website provides no verifiable regulatory disclosures, only listing an Iraqi phone number and registered address. However, to the best of our knowledge, there is currently no regulatory authority in Iraq overseeing foreign exchange trading activities. This means that forex trading in Iraq remains entirely unregulated, exposing investors to significant financial and legal risks. The absence of basic corporate and regulatory information strongly suggests that Myrtle is operating without authorisation. This poses a significant risk to all investors. Therefore, Myrtle appears to be a scam.