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MYRTLE

Regulated
Iraq
,
Since 2022
Last Updated:
48/100
Overall Score

Trading Conditions

Min Deposit:
USD50
Max Leverage:
100
Account Types
StandardProfessionalVIP

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

5 methods

Credit/Debit Cards (Visa, Mastercard, Maestro)

credit card
Instant
Fee:
Free
Fee:
Free

Bank Transfers (Wire Transfers)

bank transfer
5 days
Fee:
$30
Fee:
$50

E-Wallets (Skrill, Neteller, PayPal)

e wallet
Instant
Fee:
2.5%
Fee:
2.0%

Cryptocurrencies (Bitcoin, Ethereum, Stablecoins)

crypto
Instant
Fee:
1.0%
Fee:
Free

ACH Transfers (Automated Clearing House)

bank transfer
3 days
Fee:
1.0%
Fee:
1.0%

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 49%, 2: License 68%, 3: Software 50%, 4: Spread 0%, 5: Account Type 24%, 6: Symbol 0%
Regulation
49%Poor
License
68%Good
Software
50%Fair
Spread
0%Poor
Account Type
24%Poor
Symbol
0%Poor

Company Information

Full Name:Myrtle Trade Brokerage
Founded:2022
Headquarters:Iraq
Enterprise Offices:N/A

Customer Support

Phone:
+964 0770-198-9494
Live Chat:
business_hours
Response Time:
Languages:
English
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Broker Summary

Summary of the broker

Introduction and Overview

Financial trading remains an ever-changing market and choosing the proper broker is essential. MYRTLE is one of the brands operating in the sector of financial brokers and providing financial services intended for the facilitation of access to multiple markets. Although information on MYRTLE is minimal and not readily available to the general public, knowing the basic framework of what is expected from financial brokers might serve as helpful input.

BACKGROUND & HISTORY

MYRTLE or Forex Iraq: This broker is not regulated and was founded in 2022 with its base in Iraq. It assists traders in buying and selling a number of instruments such as forex, indices, commodities, and stocks with the help of MetaTrader 5 software and also handles Islamic and demo accounts.

Key Features and Offerings

Myrtle, being the trading broker, is presumably able to offer its clients access to diverse trading products and platforms. However, owing to the absence of more specific information, the specifics of the products, accounts, and technologies offered cannot be stated.

On a general note, brokers operating in this industry offer the following: multiple assets (forex, commodities, indices, cryptocurrency), simple trading interfaces, and educational materials. Lacking precise information, it seems pertinent to contact the interested trader inquiring with MYRTLE for the tools provided.

Regulatory Compliance and Licensing

Regulatory environment: A major consideration when evaluating the legitimacy and integrity of a trade broker can be their regulatory environment. Unfortunately, very little data exists on this aspect in MYRTLE’s case.

Traders are always reminded to check for the regulatory credentials of a broker before embarking on any trade activities. The format below shows how a table could look if the information is available.

Regulator License

Little Data Available Malpraxis actuarii

Little Data Available

Trading Conditions and Platform Technology

Trading terms such as spreads, leverage, or minimum deposit terms are crucial for traders to be able to comprehend the costs of flexibility involved in using the services of a particular online brokerage firm. Technology involved in online trading platforms also affects user experience.

As there is no specific information available for MYRTLE, this table will illustrate the general categories of trading conditions to which any trader should pay attention in assessing a broker.

Table: Trading Conditions

| Trading Condition |

Spreads Limited information available

Leverage Information not freely

Minimum Deposit Not easily available

Trading Platforms No data available

Fee Structure

Juan

Knowledge of the fee system is critical to traders in effectively managing trading fees. Trading fees could include commissions, spreads, deposit/withdrawal fees, and inactivity charges.

Like in the other sections, particular information regarding fees in MYRTLE is not publicly available. Below is a generic structure that would be followed while presenting the fee if the information were publicly available.

Client reviews and reputation in the market are very important factors in understanding the reliability and quality of service of a particular broker. Unfortunately, there are no public sources of information on customer reviews and reputation for the MYRTLE service.

Those traders interested in using MYRTLE should practice due diligence in searches for proven testimonials and look out for any warnings from regulators and testing the broker's services in demo accounts if offered.

Recent Developments

There are no recent developments or news associated with MYRTLE that are publicly known. It is always a good practice to stay updated with the recent announcements made by the broker to stay updated with all the developments regarding changes in the services, regulations, or market offerings.

Conclusion

MYRTLE is an online trading broker that has limited information regarding its details and nature of trading terms and conditions. Although the broker lacks information that would prevent an assessment of its nature and characteristics, it is hard to underestimate the significance of transparency in the financial sector of a country.

Those involving MYRTLE and considering trading should contact the broker directly for communication and make sure all key information is verified prior to any trading. Verifying the trader’s integrity and knowing what the broker has to offer is a crucial element for a safe and fruitful trading experience.

Regulatory Licenses

Compliance & oversight

1 license
Iraq
SFCTier 1
Iraq
License Details
Type:Financial Service
Status:Regulated
Validity
Effective:N/A
Expires:N/A
1
Tier 1
1
Countries
0
Offshore

Account Types

Trading account options

3 types
Standard
Standard
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
Professional
VIP
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
VIP
VIP
Leverage 1:1 • Commission Not specified
Leverage1:1
CommissionNot specified
3
Total Types
2
Categories
ECN Available

Funding Methods

Deposit & withdrawal options

5 methods
Credit/Debit Cards (Visa, Mastercard, Maestro)
Credit CardInstant
Deposit
Fee:Free
Min:USD 10
Max:USD 10,000
Withdrawal
Fee:Free
Min:USD 10
Max:USD 10,000
Some brokers may require withdrawals to be made to the same card used for deposits. Availability may vary by region; some cards may not be accepted in certain countries.
Bank Transfers (Wire Transfers)
Bank Transfer5 min
Deposit
Fee:USD 30
Min:USD 100
Max:USD 100,000
Withdrawal
Fee:USD 50
Min:USD 50
Max:USD 100,000
International transfers may incur additional fees; processing times can vary. Availability may vary by region; some banks may not support international transfers.
E-Wallets (Skrill, Neteller, PayPal)
E-WalletInstant
Deposit
Fee:2.5%
Min:USD 10
Max:USD 10,000
Withdrawal
Fee:2%
Min:USD 10
Max:USD 10,000
Some brokers may require additional verification for e-wallet withdrawals. Availability may vary by region; some e-wallets may not be supported in certain countries.
Cryptocurrencies (Bitcoin, Ethereum, Stablecoins)
CryptocurrencyInstant
Deposit
Fee:1%
Min:BTC 0.001
Max:BTC 100
Withdrawal
Fee:Free
Min:BTC 0.001
Max:BTC 100
Subject to network congestion; processing times may vary. Availability may vary by region; some countries may have regulations affecting cryptocurrency transactions.
1
Free Deposit
5
Instant
1
Crypto

Trading Platforms

Professional trading tools

1 Available
Meta Trader 5

Meta Trader 5

by MetaQuotes Software Corp • 2010

Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Visit

Live Spreads & Trading Costs

Compare real-time spreads on major currency pairs

Spreads are the core trading cost with MYRTLE: the difference between the bid and ask price you pay on every trade. Tight, stable spreads on major pairs like EUR/USD, GBP/USD and USD/JPY mean lower costs for scalpers, day traders and long-term investors alike.

  • Live spread table for six major currency pairs, refreshed every few seconds
  • Excellent / competitive / high ratings so you can benchmark MYRTLE at a glance
  • Bid, ask and pip-change data to estimate your real cost per trade
View live spreads for MYRTLE

Spread data is indicative and for comparison purposes only

Global Domains

Worldwide web presence

0 sites

No Website Information

Website domains not available for this broker yet.

Social Presence

Digital community engagement

0 platform

No Social Media Presence

This broker doesn't have active social media accounts

Comments

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