The best forex broker for Iranians and comparison of forex brokers

The best forex broker for Iranians and comparison of forex brokers

The best forex broker for Iranians and comparison of forex brokers

If you intend to trade in forex, you must know that you need a broker for this. Brokers are actually an intermediary for trading in the forex market. Pay attention to this important point to choose the right broker because brokers are different in terms of how they work. In this article, Zand Traders team has provided you the necessary information to choose the best forex broker. We will help you to choose the right broker by making a comparison between Forex brokers.

     Be sure to read: What is a PAM account in Forex?

An introduction to the comparison of forex brokers

In this article, we have introduced some top forex brokers who provide their services for Iranians and we have compared the services and the way of providing these services. In this way, you can choose the best forex broker for trading in the forex market.

Top six forex brokers for Iranians

    -Alpari broker

    -Amarkts broker

    -USGFX broker

    – Fibo Group Broker

    -Robo Forex broker

    -Light Forex broker

 In the following, we will compare these brokers in terms of spread, regulation, etc., and you can choose the right broker according to the type of transactions you intend to do in the forex market.

The best forex broker

Review of the best forex broker in terms of regulation

As you know, broker regulation shows the broker’s credibility and the most important point in choosing a broker is its regulation.

Regulation is actually an institution that monitors the performance of a broker in forex so that profit-seekers cannot commit fraud in forex transactions. Therefore, it is necessary to be sure that the broker you choose is regulated before taking any action.

Each of the valid forex brokers is under the supervision of one of these regulations.

    – FSA regulation Alpari broker

    -St. Vincent FSA Regulated Amarkts Broker

    -FSC-Regulated& Vanuatu, USGFX Broker

    -FSC Regulated Virgin Islands, Broker Fibo Group

    -IFSC Belize, Roboforex broker

    -Marshall Islands, Broker Lite Forex

Review of the best forex broker in terms of leverage

As you know, leverage in the forex market is something like a loan or borrowing from a broker. The amount of leverage can be different depending on the type of broker. Of course, as much as it can have advantages, it can also be associated with risks. In this section, we have given the amount of leverage of each broker.

    -Alpari broker’s maximum leverage is 1:1000

    – Amarkets broker’s maximum leverage is 1:1000

    -USGFX broker’s maximum leverage is 1:500

    -Fibogroup broker’s maximum leverage is 1:400

    -RoboForex broker’s maximum leverage is 1:2000

    -LiteForex broker’s maximum leverage is 1:1000

Therefore, if you want to choose a broker based on its leverage, you can choose a suitable broker by considering all the points related to leverage in forex and the values ​​we mentioned in this section.

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Review of the best forex broker in terms of spread

You know that the spread is the difference between the buying and selling price of currency pairs in forex. The higher the trading volume of currency pairs in the forex market, the lower the spread is.

And you definitely know that the amount of spread between currency pairs is different in different brokers. With the comparison we have made, we have mentioned the best forex broker in terms of spread in order.

    -Fibogroup broker

    -Amarkts broker

    -USGFX broker

    -Forex robo broker

    -Lite forex broker

Do you know Islamic accounts in brokers? Stay with us to mention important points about these types of accounts.

Islamic account of brokers in forex

The Islamic account of the brokers is the same as the overnight interest-free accounts and is the favorite of many traders. In these types of accounts, traders are exempted from swap payments. You know that the cost of swap becomes a high cost in the long run, and traders who intend to do long-term transactions should choose brokers with Islamic accounts.

    -Amarkets broker has made it possible for traders to apply for an Islamic account. All transactions in Amarkets are done on all currency pairs and gold and silver, without swap.

    -Broker Fibo Group has provided conditions for traders that if they open a fixed spread account, swaps are not included. But the trades that are open from Wednesday to Thursday include the commission.

    -UGFX broker has the ability to trade without swapping in a micro account with a leverage of 1:100.

    -Robo Forex broker is a broker whose Islamic accounts are without swap but include commission.

    -You can apply for Islamic account support at LiteForex Broker. After that, swap transactions will not be received.

Therefore, if we want to determine the best forex broker in terms of Islamic account, Amarkets, LiteForex, and USGFX are the best brokers, respectively.

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Review of the best Forex broker in terms of Persian support

The issue of broker support is very important. When you call your broker, they should answer you correctly and treat you with complete courtesy. A broker with poor support will not be responsible if you encounter serious problems.

Therefore, it is recommended to consider the issue of strong support when choosing a broker.

    -Amarkets broker has very strong Farsi support and is responsive to its users seven days a week. You can communicate with the manager or leader of that broker on WhatsApp or Telegram social networks, as well as through online chat or phone calls.

    -USFX broker also has support 24 hours a day, seven days a week, and you can communicate with the broker’s manager through the Telegram social network.

    -Light Forex broker is responsive to users only 5 days a week, and you can contact them 24 hours a day.

    -You can communicate with the manager through online chat from 9:30 am to 6:30 pm at Fibogroup broker.

    -In Robo Forex broker, Farsi support responds very late.

As a result, Amarkts broker is the best in terms of Persian support.

Review of the best forex broker in terms of accuracy and speed of transactions

According to the investigations on the speed of execution of transactions in forex for different brokers, the results obtained based on the best brokers are:

    -The average transaction execution speed for USGFX broker with server ping is 150 milliseconds, 290 milliseconds.

    -The average transaction execution speed for Amarkets broker with server ping is 120 milliseconds, 340 milliseconds.

    -The average transaction execution speed for Fibo Group broker with server ping of 130 milliseconds.

    -The average transaction execution speed for RoboForex broker with server ping is 160 milliseconds and 519 milliseconds, is 410 milliseconds.

    -The average transaction execution speed for LiteForex broker with server ping is 133 milliseconds, 543 milliseconds.

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Review of the best forex broker in terms of registration on the website

Among the six brokers that we have introduced in this article, only Amarkets, Alpari, USFX, Fibogroup and LightForex brokers have Persian language on their website. Robo Forex broker does not have Farsi language on its website.

How to register in Amarkts broker

To register on this broker’s website, the only things that are required are:

    -Phone number

    -Email

    -Photo, or picture of the ID card or with the user’s passport

The thing about this broker is that it does not need an address or zip code.

But in general, in terms of the simplicity of registering on brokers’ websites, the following brokerages can be mentioned in order:

    -USGFX broker

    -Fibo Group

    -LiteForex

    -Roboforex

Final word

Despite all the checks that are done, it is not possible to choose a broker that is perfect and has all the necessary facilities for traders.

But this is not a reason for you to be reckless, because all types of business in the forex market can be associated with risk, and it is necessary to carry out the necessary checks before any action so that you can choose the right broker.

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