Shafaq News/ The Iraq Stock Exchange (ISX) traded equities valued at more than six billion dinars last week.
A report of the market obtained by Shafaq News agency said, "more than nine billion equities were traded in the past week at a value of nine billion dinars via 3,839 transactions."
"ISX-60 index closed at 767.97, 5.81% above the opening session's 723.32," the report said.
It is noteworthy that Iraq Stock Exchange installed Central Depository and Electronic Trading Systems in 2009. It organizes five weekly sessions and lists 103 public companies from different economic sectors.
US Dollar Loses Ground Against Iraqi Dinar in Baghdad and Erbil Markets
Shafaq News/ The US dollar declined in its exchange rates against the Iraqi dinar on Thursday, marking a noticeable drop in Baghdad and Erbil markets.
According to a report by Shafaq News agency, the two central stock exchanges, Al-Kifah and Al-Harithiya, in Baghdad, registered a morning exchange rate of 152,000 Iraqi dinars for every 100 US dollars. This represents a reduction from the previous day's rates, as Wednesday's figures had reached 153,100 dinars per 100 dollars.
Meanwhile, the exchange shops in the local markets of Baghdad also witnessed a downward trend in dollar prices. The selling price in these markets reached 153,000 dinars for every 100 dollars, while the purchase price was recorded at 151,000 dinars for the same amount.
In Erbil, the capital of the Kurdistan Region, the local stock market reported decreased rates. The selling price for the US dollar in Erbil reached 152,200 dinars per 100 dollars, with the purchase price at 152,100 dinars for the same quantity.
The Invezz team of expert traders, data analysts, and financial writers frequently test the best trading platforms. Amongst a range of features, we ranked the top brokers in Iraq according to their affordability, security, and available international markets.
In this article, we answer the question: what are the best online brokers in Iraq for Iraqi users?
What is the best stock trading app in Iraq?
Our rankings reveal that the best online broker in Iraq is Skilling.
Having assessed 100+ brokers, this list represents the three services that top our rankings as the overall best online trading platforms in Iraq.
What products can I trade with a Iraqi stock broker?
You can trade stocks from Iraq, or invest in leading companies from around the world. Here’s a breakdown of what (and how) you can trade with the best online brokers Iraq.
Stocks
Iraqi stocks. One option is to simply buy and sell stocks that are listed in Iraq. This is normally the most straightforward option for Iraqi residents, as you can buy shares in any company that’s listed on a Iraqi stock exchange.
US stocks. Some of the best known companies in the world are listed in the United States. The best online broker in Iraq will also let you invest in stocks that are listed on the NYSE or the NASDAQ exchange in the US, but it depends on the legal restrictions in Iraq.
International stocks. You may also be able to buy shares in companies that are based in the rest of the world. The best international brokers in Iraq offer global stocks, but it may be a limited selection. If you want to buy equities from outside Iraq or the US, be sure to check those stocks are available through your online broker before you sign up.
ETFs
ETFs (exchange traded funds) are investment funds that pool money together from lots of different investors and use it to track a particular index, like the S&P 500. Even if you can’t invest in every stock from every country, you can usually find an alternative in an ETF that tracks the performance of Iraq’s top stock exchanges and indexes.
Mutual funds
Mutual funds are professionally managed investments. You buy shares in the fund through an investment platform and the manager decides what to invest it in.
Mutual funds and ETFs are similar, but the former are managed by a professional who tries to beat the market, while the latter buy and sell stocks automatically based on a set of fixed criteria. The best stock broker in Iraq allows you to invest in stocks from Iraq, as well as ETFs and mutual funds.
Futures and options
Futures and options contracts involve making an agreement to purchase a stock in the future at an agreed price. They’re favoured by stock traders and can be used as a way of speculating on how you think a company’s price might change in the future.
How much does it cost to use the best online brokers in Iraq?
It is normally free to sign up to a stock trading platform in Iraq. The main cost comes in the form of trading fees, which depend on the platform and on what you want to trade. Some of the best stock trading apps in Iraq offer completely free trading, while others charge a flat fee or commission per trade.
Are stock brokers in Iraq regulated?
Yes, online brokers have to be regulated in order to offer share dealing services. Ideally, you want to find a broker that offers top-tier regulatory protection either through your local regulator, or through an internationally recognised institution.
The best brokers in Iraq are regulated internationally through institutions such as CySEC (Cyprus Securities and Exchange Commission).
How to buy stocks in Iraq
Every stock trading app in Iraq is designed to help you invest with the minimum of fuss.
Follow this six step guide to learn how to buy shares online in Iraq for the first time.
Once you’ve chosen the best broker Iraq, set up an account by supplying your email address and password. Fill in personal details like your name and address.
3. Verify the broker account
Before you use an online trading platform in Iraq you need to verify your identity. Upload a copy of your driving licence or passport to do this. The verification process can take up to 24 hours, but is often much quicker than that.
4. Deposit money into your trading account
You can make your initial deposit via a card payment, bank transfer, or an alternative payment method. Many of the best online brokers in Iraq accept PayPal and similar e-wallets, but you should check this ahead of time.
5. Search for a stock and place your trade
Find the stocks you want to trade using their ticker symbol. Enter the details of your trade, and hit ‘buy’ to execute it.
6. Monitor your investment
Check up on your investment regularly. Use the latest news and stock market research to help you decide when to sell your shares, and lock in a profit or loss.
PDK Note: I will only transcribe RV Related or Intel with Financial relevance. If any certain podcast is mainly about politics and social opinions or any political –type picture posted on Marks videos I will not do any notes. So if there are no notes transcribed…there usually was little to no RV news at all included in that particular podcast. Thanks for understanding.
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: good morning everybody Mark, mods and fellow millionaires
Member: gm all! oh please let mark have some news for us. I am so weary today.
Member: Iraq put out the budget instructions - now the ministers are reviewing the instructions - and next- RV????
MZ: News is still quiet. Even things specific from Iraq has been quiet for me. Bond folks are still being asked not to leave. One of my contacts wanted to leave today and they were told –no….stay…..so I am hopeful they will get paid soon.
Member: We sure hope that they get paid today!!
Member: bondholders running up huge lodging bills. Good thing they have deep pockets!
MZ: So far no changes in rates…no movement with Mr.C. Just quiet
MZ: on the BRICS front “South Africa’s BRICS summit extends invitations to 67 nations, sidelines France” France had requested a seat at the table….and they said no. Could be because of their dealing in Africa and Niger….worried it would cause an international incident possibly. Just a guess.
MZ: But “67 nations!” So far 34 delegates have confirmed attendance. I am hoping they will post a list .
MZ: “US neighbor opts against BRICS” Mexico is passing on joining BRICS for now. They said they need to improve relations with the US and other neighbors in the Americasbecause of where they are at geo-politically.
Member: Rod Steele on Dr Kia Pruitt rumble channel, told her that US intends to announce gold backed currency PRIOR to BRICS announcement of same Aug 22
Member: fingers, toes and eyes are crossed……Come on USN’s
Member: MarkZ: Rumor control is "10 Days of Darkness" is referring to Social Media.
MZ: Yes- I was told there would only be outages for perhaps a few hours in certain areas…depending on cleanups…but there would not be widespread or long lasting. Maybe a temporary takeover of media to get disclosure out….
Member: “Tranquility comes when you stop caring what they say. Freedom comes when you stop caring what they think." Marcus Aurelius
Member: Can you ask some of your contacts to come on the stream?
MZ: I have asked….They are afraid if they do- they would lose the ability to exchange…..so they won’t…can you blame them??? I sure don’t.
Member: Question: will they still come to if you can’t go to them. I’m not driving for at least a month
Member: Mark said they would….but that was a few months ago….hope it’s still true
Member: Mark, will you be posting the 800# to set appointments when they are sent out??
Member: He always said he will share everything he is allowed to….as will Recaps, Chronicles, Frank, TNT , Bruce and others…I think the information will be all over Dinarland.
Member: Ready, willing and waiting for these final days.
Member: Cannot believe this is taking so long to roll out
Member: It took decades to get this mess where we are. The people need to be patient with the fix to come together. We've waited a long time to get where we are. Buckle up, the fix is close.
Member: I think we are at the precipice now. many are getting so tired and desperate. we need to stay strong. many will need us
Member: Please pray for those in Lahaina in Maui . Fires have destroyed is all…..36 deaths so far….
MZ: please remember that Santa Surfing lives in the fire zone in Hawaii. Please keep her in your prayers right now.
Member: Heart Broken about Hawaii.
Member: The best is yet to come……Please God help all who need it today.
Bob Lock joins the stream today. Please listen to the replay for his opinions and information on trusts.
THE INFORMATION IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY. NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IS MARKZ ’S OPINION ONLY.
