Traders Union (TU) analysts have prepared a comparative analysis of the best brokers Iran in 2024. Experts performed the analysis taking into account the specifics of trading in the country. In their evaluation, TU experts use over 100 criteria that are split into groups. They have collected all the necessary data providing a possibility for novice traders from Iran to give an unbiased evaluation to a broker. Using this information, a user can choose the company that meets his criteria.
The Most Reliable Brokers Iran by TU include the following:
Pocket Option is an unregulated broker focused on cooperating with professional traders who do not need training or additional bonuses.
FreshForex is a reliable Forex broker providing a standard set of trading tools. The company is a good option for traders of all levels, from beginner to professional traders. It is mid-range in terms of size and number of registered traders and they are reliable based on our research and analysis.
AMarkets is a broker that is more suitable for professional trading. Everything here is designed to accommodate trading with EAs and that is the broker’s strength. The weakness of the broker is that it won’t be easy for traders without experience to work here.
Pacific Union is a CFD broker, which means its pool of trading instruments consists solely of contracts for difference. There are many CFDs available, grouped into seven categories. Considering the high leverage, there is significant profit potential. Costs are reduced due to the absence of trading commissions on some accounts, and in most cases, there are no fees for fund withdrawals. The broker has a copy trading service. Beginners receive decent bonuses at the start, and there is a standard referral program that can provide additional income. The wide choice of accounts and trading platforms personalizes the broker's offerings and expands traders' opportunities. The drawbacks of Pacific Union are typical for most of the representatives in the segment.
ForexMart is a broker for those who value a wide range of trading instruments as well as quick support. This company is a good choice for both new and experienced traders who work from PCs and smartphones.
Best forex brokers for beginners in Iran in 2024
| Pocket Option | FreshForex | AMarkets | Pacific Union | ForexMart | |
|---|---|---|---|---|---|
Trading platform |
МТ5, proprietary platform |
МТ4, МТ5 |
МТ4, МТ5 (all modifications), AMarkets App |
MT4, MT5, WebTrader, Pacific Union |
MT4 |
Min deposit |
$5 |
$0 |
$100 |
$50 |
$1 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:500 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
Accrual of % on the balance |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Spread |
From 1.2 points |
From 0.0 points |
From 0.0 points |
From 0.0 points |
From 0.0 points |
Level of margin call / stop out |
30% / 50% |
40% / 20% |
50% / 20% |
120% / 50% |
30% / 10% |
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
No deposit bonus |
No |
$30 |
No |
No |
$150 |
Cent accounts |
No |
Yes |
No |
No |
Yes |
There are certain specifics in trading, which novice traders residing in the territory of Iran need to know about:
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Novice traders need educational courses. The bigger the educational blocks, the more useful knowledge you will gain.
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Take notice of the availability of a demo account or a cent account. Traders can use these accounts to practice without considerable costs. A demo account allows you to work with virtual money, and a cent account - with micro lots, where your profit or loss amounts to just several dollars or even cents.
-
When choosing a broker, it is important to evaluate its fees schedule. Novice traders should check out the fees on cent or basic accounts.
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If a novice trader professes Islam, he needs to make sure that an Islamic account is available. it is a special swap-free account that does not violate the Sharia law.
1
Best Forex broker for beginners in Iran - Pocket Option
The Pocket Option broker is part of Gembell Limited holding, which was founded by a group of professionals seasoned in trading and investment activities. The company is mass-market requirements-based, therefore, it provides quality services to binary options trading in the OTC market access. The broker strives to make the trading process as simple, clear, and convenient as possible. For this reason, Pocket Option has developed a unique trading platform to ensure stable trading for traders and investors.
👍 Advantages of trading with Pocket Option for traders from Iran:
•low threshold for entering the market; the first deposit starts at $5;
•social trading platform generates passive income.
👎 Disadvantages of Pocket Option for traders from Iran:
•not licensed by any reputable regulator;
•to trade Forex through MetaTrader 5, you need to deposit at least $1,000;
•support service responds within 24-48 hours, which is also too slow.
Pocket Option Commissions & Fees for traders from Iran
Pocket Option charges trading fees. The fees are charged as the spread. In the fees review for traders from Iran, you can learn about their rates depending on the account type.
Pocket Option Commissions and Fees in Iran
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Novice trader |
No |
Yes, when withdrawal with Perfect Money |
Beginner |
No |
Yes, when withdrawal with Perfect Money |
Experienced |
No |
Yes, when withdrawal with Perfect Money |
Master |
No |
Yes, when withdrawal with Perfect Money |
Professional |
No |
Yes, when withdrawal with Perfect Money |
Expert |
No |
Yes, when withdrawal with Perfect Money |
MT5 Forex |
From 1.1 pips |
Yes, when withdrawal with Perfect Money |
2
Best Forex broker for beginners in Iran - FreshForex
FreshForex has been operating since 2004. The broker is registered in Kingstown, Saint Vincent, and the Grenadines. FreshForex has won more than 20 International awards and these achievements include Best Trading Conditions according to FXDailyInfo in 2016 and Best Bonus Program in 2017.
👍 Advantages of trading with FreshForex for traders from Iran:
•favorable trading conditions;
•work with the liquidity providers having a European license;
•130 instruments for trading: Forex instruments, CFDs on precious metals, energy products, and indices, as well as corporate shares;
•spreads from 0 pips;
•the ability to replenish the account and withdraw funds quickly;
•bonuses and offers;
•easy to use the software that is available on your desktop computer, laptop, tablet, or smartphone.
👎 Disadvantages of FreshForex for traders from Iran:
•customer service works 24 hours although not on weekends;
•no cryptocurrency for trading;
•no investment programs;
•access to the affiliate group is not available via the Traders Union.
FreshForex Commissions & Fees for traders from Iran
FreshForex charges trading fees. The fees are charged as the spread. In the fees review for traders from Iran, you can learn about their rates depending on the account type.
FreshForex Commissions and Fees in Iran
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
ECN |
From $0 |
Yes |
Classic |
From $20 |
Yes |
Pro |
From $9 |
Yes |
3
Best Forex broker for beginners in Iran - AMarkets
AMarkets is an international company with dozens of offices in Europe and the CIS. It was established in 2007, but its structure has gone through major changes since then. Initially, the company was called AForex. Over time, the brand became a symbol of reliability and European quality service standards. Today, AMarkets is a modern ECN broker, actively developing both “trading for beginners” and professional algorithmic trading.
👍 Advantages of trading with AMarkets for traders from Iran:
•Order execution speed is 35–50 ms (average market indicator is 200–500 ms);
•Average market spreads from 0.3 pips (average market indicator is from 0.5 pips);
•Newest passive investment platform – AMarkets Copy Trading;
•A set of analytical tools, including signals, risk management tools, and algorithmic trading, is integrated into the user account;
•Compensation fund of up to EUR 20,000 per each client.
👎 Disadvantages of AMarkets for traders from Iran:
•Expert advisors with basic settings are unprofitable. Launching templates without preliminary testing is strongly not advised.
•There is no information about how the rating of managers is formed and how much can the provided statistics be trusted;
•Absence of a regulatory license. The broker is registered in Saint Vincent and the Grenadines, but there is no information about the license from a regulator. The Financial Commission does not issue licenses.
AMarkets Commissions & Fees for traders from Iran
AMarkets charges trading fees. The fees are charged as the spread. In the fees review for traders from Iran, you can learn about their rates depending on the account type.
AMarkets Commissions and Fees in Iran
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Standard |
from 13$ |
Yes |
Fixed |
from 30$ |
Yes |
ECN |
from 0$ |
Yes |
Crypto |
from 13$ |
Yes |
4
Best Forex broker for beginners in Iran - Pacific Union
Pacific Union is a broker that allows trading in contracts for difference (CFDs) on hundreds of assets from the following categories: currencies, stocks, bonds, indices, commodities, metals, and exchange-traded funds (ETFs). New users receive a free demo account with a balance of 100,000 virtual dollars. Real accounts come in five types, differing in trading parameters and catering to traders of different levels. The minimum deposit is $20, and spreads are floating, starting from 0 or 1.3 pips depending on the chosen account. The maximum leverage is 1:1000. The broker's clients operate through MetaTrader 4, MetaTrader 5, and WebTrader trading platforms. The company also has a highly-rated mobile platform. In addition to active trading, traders can earn through a standard referral program and register in an integrated copy trading service. Pacific Union offers attractive bonuses through five active programs. The broker provides free technical and fundamental analysis tools and news analytics. It also has an extensive educational system.
👍 Advantages of trading with Pacific Union for traders from Iran:
•The minimum deposit is lower than the market average, and a free demo account and high-quality training ensure a low entry threshold.
•Traders can work with hundreds of assets with high leverage and no trading restrictions, resulting in high-profit potential.
•Narrow spreads combined with low commissions guarantee minimal trading costs.
•Traders can choose from five real account options, including an Islamic account with no swaps or interest charges.
•A wide selection of trading platforms, including mobile versions, allows traders to work comfortably in most conditions.
•The copy trading platform is transparent, fast, and features an intuitive interface.
•Customer support is available through the main communication channels, operates round the clock without interruptions, and has received numerous positive reviews.
👎 Disadvantages of Pacific Union for traders from Iran:
•This broker only offers trading with CFDs.
•Apart from copy trading, the company does not provide other passive income options such as joint accounts, cryptocurrency staking, etc.
•Residents of Australia, Singapore, and some other countries cannot collaborate with this broker.
Pacific Union Commissions & Fees for traders from Iran
Pacific Union charges trading fees. The fees are charged as the spread. In the fees review for traders from Iran, you can learn about their rates depending on the account type.
Pacific Union Commissions and Fees in Iran
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Cent |
From $1.3, no commission |
No, for most withdrawal methods |
Standard |
From $13, no commission |
No, for most withdrawal methods |
Pro |
From $13, no commission |
No, for most withdrawal methods |
Prime |
From $0, the commission is $3.50 per lot |
No, for most withdrawal methods |
Islamic |
From $13, the commission is $0-3.50 per lot |
No, for most withdrawal methods |
5
Best Forex broker for beginners in Iran - ForexMart
ForexMart is a company that operates globally, except for the United States, North Korea, Myanmar, Sudan, and Syria. The company is part of the TradoMart Ltd group. It was registered in 2015 in Cyprus, is regulated by the Cyprus Securities and Exchange Commission (CySEC, 266/15), and is a member of the European Securities and Markets Authority (ESMA). This broker provides clients with access to Forex currencies and other trading instruments such as futures contracts for stocks and precious metals.
Over the years, ForexMart has won many awards including “The Best New Broker in Europe 2016” from the International Financial Journal (IFM). A year earlier, ForexMart was named “The Most Promising Broker in Asia”, according to ShowFx World.
👍 Advantages of trading with ForexMart for traders from Iran:
•a diverse range of over 100 trading instruments. In addition to Forex currency, clients can use cryptocurrencies, as well as futures contracts for metals and stocks;
•the company’s official website contains a wealth of useful trading tips and educational materials.
•interesting partner programs for those looking to make extra money, as well as the option to invest in auto-copy trading.
👎 Disadvantages of ForexMart for traders from Iran:
•customer service is available 24/5;
•not suitable for scalping;
•few investment opportunities;
•no MT5 platform;
•a small set of analytical tools in comparison with some of its competitors;
•no PAMM accounts;
•not all trading advisors work stably.
ForexMart Commissions & Fees for traders from Iran
ForexMart charges trading fees. The fees are charged as the spread. In the fees review for traders from Iran, you can learn about their rates depending on the account type.
ForexMart Commissions and Fees in Iran
| Account type | Spread (minimum value) | Withdrawal commision |
|---|---|---|
Zero Spread |
From $0 |
No |
Classic |
From $10 |
No |
Cents |
From $10 |
No |
Pro |
From $6 |
No |
Fees and Commissions
When choosing a broker, it is very important to evaluated the structure of its fees. The fees are the main source of income for brokerage companies.
The brokers usually charge two finds of fees: spread and lot fee.
Spread is more popular than the lot fee. However, the type of fee depends on the trading account. Make sure you review the conditions.
The lowest spreads are always found on ECN accounts. Availability of such account types is an important advantage for any broker.
The type of fees can depend on your trading strategy, but a detailed calculation needs to be performed anyway.
The fees charged by brokers often vary depending on the trading account type and also the instruments a trader works with. The higher the popularity and liquidity of certain instruments, the narrower the spreads or the lower the fees per lot.
Summary
Choosing the right broker is not a simple task for new traders in Iran, as they have to take into account many nuances. Each of those could considerably impact your trading successes or your profit. Trading instruments that the broker offers traders from Iran, trading conditions and the quality of educational materials need to be evaluated. Availability of a demo account or a cent account you can use to practice is an important advantage. Keep in mind that before opening a position, you need to assess its risk level.
Top Forex brokers for beginners in 2024 for traders from Iran
| Pocket Option | FreshForex | AMarkets | Pacific Union | ForexMart | |
|---|---|---|---|---|---|
Overall score |
6.87 |
6.44 |
7.1 |
6.14 |
6.23 |
Execution of orders |
9.52 |
6.3 |
8.4 |
4.17 |
2.93 |
Investment instruments |
4.29 |
4.1 |
5.75 |
4.27 |
6.91 |
Withdrawal speed |
9.64 |
5.71 |
6.57 |
9.71 |
8.14 |
Customer Support work |
4.38 |
6.63 |
8.07 |
5.68 |
5.98 |
Variety of instruments |
6.01 |
7.37 |
7.37 |
8.75 |
6.72 |
Trading platform |
7.38 |
8.5 |
6.44 |
4.28 |
6.7 |
FAQ
What amount does a novice trader need in order to start trading?
It depends on the account type. For a cent account, USD 50 is enough. For trading on a real account, it is better to deposit at least $300-500.
How do I choose a reliable broker Iran?
According to the requirements of country Iran, a broker must disclose all information, including the name, registration data, legal address, etc. License for financial activity is the key document.
Should I accept the bonuses for beginners?
Bonuses for beginners can make trading more profitable, but before accepting a bonus, make sure you read the conditions for receiving bonuses by traders from Iran.
Can a beginner earn passive income in the Forex market while he is learning?
Yes. For example, you can use PAMM accounts or copy trading platforms. Make sure that these kinds of investment opportunities are available for traders from Iran.
Best Forex Brokers for Beginners by Countries
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
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