Read this before depositing even a single dollar with any broker. Seven key selection criteria, fraud warning signs, and a credible option to start with.
Due to international sanctions, many regulated and credible global brokers do not accept Iranian clients. This gap has allowed dozens of unknown brands — unlicensed or holding fake licenses — to enter the market and put thousands of Iranian traders' capital at risk.
Choosing the wrong broker can mean total loss of capital, hidden erosive spreads, or funds trapped in an account with no recourse. In this guide, we share the criteria BrokerAlarm uses to evaluate brokers.
Search the broker's license number on the official regulator website (FCA, ASIC, CySEC, FSC, etc.) and verify that the registered company name matches the broker you are dealing with.
Check actual spreads and commissions on a demo account or by comparing real-time spreads on major pairs — not just the advertised figures in marketing materials.
Before depositing a large sum, conduct a small test deposit and withdrawal to measure the actual processing time and confirm funds can be freely withdrawn.
Standard platforms such as MetaTrader 4 or 5, and order execution without requotes or abnormal delays, are signs of a healthy broker infrastructure.
Active, responsive Persian-language support is a genuine sign that the broker takes the Iranian market seriously — not just a machine-translated website page.
Review experiences from Iranian traders in forums and exposé pages — not just scattered promotional testimonials on social media that may be paid.
Check whether the platform and website are accessible from Iran without frequent outages or complex workarounds that could disrupt your trading at a critical moment.
WM Markets (formerly Windsor Brokers) is recognized as a credible option for Iranian traders based on its international regulation, transparent spreads and commissions, and active Persian-language support.
Share your experience with us anonymously. After review, it will be published in the exposé section to protect other traders.
Submit a reportShare your experiences in the BrokerAlarm forum and learn from what other Iranian traders have been through.
Go to the forumSearch the broker's license number on the official website of the regulator (e.g. FCA, ASIC, or CySEC) and confirm that the registered company name exactly matches the broker you are dealing with. A regulatory logo displayed on a website alone is not sufficient — it can be fabricated.
No. Due to sanctions, many credible international brokers do not accept Iranian clients, and this gap has allowed unknown, unregulated brands to enter the market. Accessibility from Iran alone is not a sign of credibility.
Keep all documentation (deposit receipts, support chat logs, account screenshots) and submit your report through the BrokerAlarm complaint form. After review, it will be published in the exposé section to warn other traders.
WM Markets (formerly Windsor Brokers) is recognized as a credible option based on its international regulation, transparent spreads and commissions, and active Persian-language support. Always read the full review before depositing, and browse other reviewed brokers in our database.