How to Trade Forex in Iran

If you live in Iran and are looking to trade CFDs on Forex, stocks or even crypto-currencies, you can open an account with HYCM (HYCM.com). Their service is available in English and in Farsi.

Broker reviews

#1

Visit website ▷

HYCM.com, formerly HY Markets, is an award-winning regulated online broker. Trade over 300 instruments on fixed or variable spreads over MetaTrader 4 or 5. We particularly like that you're entitled to attend live trading sessions with professional traders twice a week.

• Risk warning: 85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD), Commodities (CFD)
  * Availability subject to regulation.
• Platforms: MT4, MT5
• Regulators: Cayman Islands, Cyprus (EU) , Saint Vincent and the Grenadines, UAE , UK

• Accounts

Fixed Account  ▷ Fixed Account: Trade CFDs on fixed spreads from 1.8 pips on MetaTrader 4 or 5. No support for Expert Advisors. This account is available in Islamic format upon request.
$100 deposit	1:500 leverage	Instant execution	▷

Classic Account  ▷ Classic Account: Trade CFDs on variable spreads from 1.2 pips on MetaTrader 4 or 5. This account supports all Expert Advisors, except scalpers. Available in Islamic format upon request.
$100 deposit	1:500 leverage	Instant execution	▷

More ▽

Raw Account  ▷ Raw Account: Trade CFDs on raw spreads from 0.2 pips plus a $4 commission per round, on MetaTrader 4 or 5. This account supports all Expert Advisors, except scalpers. Available in Islamic format upon request.
$200 deposit	1:500 leverage	Instant execution	▷

With HYCM (HYCM.com), you can trade CFDs on 300 instruments, across 6 asset classes: Forex, stocks, indices, ETFs, commodities and crypto-currencies. This is an opportunity to diversify across a wide range of markets. Please read our HYCM review for more information.

HYCM supports both MetaTrader 4 and 5, two popular trading platforms. We recommend trading through MetaTrader 5 as that platform supports all 300 instruments. In contrast, no more than 90 instruments are available through MetaTrader 4. MetaTrader 4 and 5 support a wide range of orders as well as automated trading robots, known as Expert Advisors. HYCM supports all trading styles and Expert Advisors, except high-frequency trading robots. If in doubt, please contact HYCM.

HYCM (HYCM.com) offers 3 accounts, to match your trading style: an account with wider spreads, fixed at all times, another with lower, yet variable spreads and a third with razor-thin spreads plus commission. All three accounts are available in Islamic format for Muslim investors, upon request. HYCM's Islamic accounts carry no swap-charges on positions you keep open overnight. You can keep your positions open for as long as you want, and will only be charged a $5 overnight fee from the 14th-day onwards.

HYCM has been in business since 1977, and is regulated across the markets it operates in, including the UK and the European Union. Over the years, HY Markets has received a string of awards including "Best FX Broker, Northern Europe" by the World Finance 2012 Awards and "Best Forex Brokers in the Middle East" by the IB Times Trading Awards 2011.