Myrtle

The main con for me is the lack of regulation. Additionally, there’s no support for MT4 or MT5, which are platforms I’m familiar with. Another downside is the limited information about fees, especially related to deposits and withdrawals, which makes it hard to assess the overall cost of trading.

The spread at Forex Iraq varies depending on the account type. For instance, Daily Trading A offers spreads as tight as 0.0 pips, but it comes with a $10 commission. The Standard Account A has spreads from 1.5 to 2.5 pips. I’d personally choose the account with tighter spreads, depending on my trading strategy.

Forex Iraq typically processes withdrawals within 1-5 business days. I think this is a reasonable timeframe, but I’d be cautious about any potential delays depending on the method used. It’s always good to verify with customer service for more clarity on withdrawal processing times.

Forex Iraq offers four account types: Daily Trading A, Daily Trading B, Standard Account A, and Standard Account B. I personally find the Standard Account A with a minimum deposit of $50 to be suitable for beginner traders, while the Daily Trading A is better for more active traders due to its low spread.