ShaFX
Trade smart. Earn cashback.
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Last stored quotes · informational, not trading advice

💰 Your cashback with Smart Trader Iraq

Link your Smart Trader Iraq account under ShaFX and start earning automatic cashback on every lot — no cost, no change to how you trade.

Trade the same. Get paid extra.
Halal-first · no swap · rebate on every lot · withdraw anytime
Start earning with Smart Trader Iraq →

Smart Trader Iraq

Iraq-region broker partner profile for due-diligence comparison

Founded 2018 · HQ: Iraq · Unregulated (regional Iraq registration only)

No trading password needed. ShaFX never asks for broker login or trading credentials. Spreads, deposits, withdrawals, and account access remain between you and the broker.

Min Deposit
$100
Max Leverage
300
EURUSD Spread
—
Commission / lot
—
Cashback / lot
Not via ShaFX
Expert Score
2.3 / 5

Smart Trader Iraq is included for broker discovery and due-diligence comparison. Conditions vary by entity, country, account type and current legal availability. Always confirm directly with the broker before opening an account.

Pros & cons

✓ Pros

  • Local Iraq presence; Arabic support; Islamic accounts; MT5; $100 min

✗ Cons

  • CAUTION: Unregulated — no FCA/ASIC/CySEC oversight, no client-fund segregation or investor compensation scheme. Higher risk than regulated alternatives.

Platforms & features

Trading platformsMT4, MT5, WebTrader
Account types7 account types incl Islamic
InstrumentsForex, Gold, Silver, Oil
Deposit methodsBank transfer, cards and supported regional methods where available
Withdrawal methodsBank transfer, cards and supported regional methods where available
Restricted regionsCountry availability varies

Sharia considerations

This account is a CFD account, not ownership of the underlying asset — true of every broker on this page. The facts below are what ShaFX actually has on file; anything not tracked shows as Unknown rather than assumed.

Swap-free optionSwap-free option offered
Admin/holding fee if swap-freeUnknown — verify with broker
Swap-free time limitUnknown — verify with broker
Account structureCFD (derivative price exposure, not direct ownership)
Max leverage300
RegulationUnregulated (regional Iraq registration only) — None (no financial-authority license)

Verified, last reviewed 2026-08-26

Halal Guard
Swap-free account Review the conditions ▾
Removing overnight swap addresses one possible riba concern, but does not by itself establish that the full transaction is Sharia-compliant. Ownership, possession, contract structure (CFD or real asset) and leverage still need review, and the broker may replace swap with an equivalent administration fee.
Basis: Islamic-finance principles: riba, ownership, possession (qabd)
Administrative fees Read the swap-free terms ▾
Some brokers charge a flat holding fee on swap-free accounts. A transparent, cost-based fee may be acceptable; a fee scaled to position size/time can mimic interest.
Basis: Contract transparency (gharar) considerations
⚠️ ShaFX provides educational and screening information based on published Islamic-finance principles and available product information. It does not issue personal fatwas or guarantee that every account, instrument, broker, or transaction is Sharia-compliant. Contract structures and individual circumstances can differ. Users seeking a definitive personal ruling should consult a qualified scholar specializing in Islamic finance. Learn more →
Review full checklist →

Cashback & transfer rules

Payment modeunknown
Rate typeunknown
Payment timing
Minimum trade duration
Existing account transferunknown
Contact us to open this broker Move existing account Request help

Moving under ShaFX does not give ShaFX control over your account. ShaFX never asks for trading passwords. Spreads, deposits, withdrawals, and account access remain between you and the broker.

Cashback estimate

Daily lots
Rate / lot
Monthly estimate
—
Yearly estimate
—

Assumption: 22 trading days/month. This is an estimate only. Real eligibility depends on broker account type, instrument, trade duration, country rules, and verified reporting.

Expert review

ShaFX lists this broker for transparent comparison. This is educational information, not a recommendation to trade or deposit funds.

ShaFX Trust Score 40.0 / 100

Confidence: medium

Editorial review 23
Verified issue reports 80
Regulation 0
Data quality and freshness 40

Capped at 40: no financial regulator on record.

A transparent estimate combining editorial review, trader reviews, admin-verified issue reports, regulation and data freshness. It is not investment advice or a guarantee. Components without data are left out and the rest re-weighted. Updated Oct 19, 2026

Report a problem with this broker

Had a withdrawal delayed or denied, a frozen account, or another serious problem? Submit it with evidence. ShaFX reviews every report before it is counted publicly.

Counts include only reports ShaFX reviewed against the evidence provided. They reflect individual traders' experiences and are not a finding about the broker's overall conduct.

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Risk disclaimer: Trading CFDs involves significant risk of loss and is not suitable for all investors. Cashback and rewards do not change underlying market risk. ShaFX is not a broker, does not provide signals, and does not give financial advice. Compare brokers carefully before opening an account, and only trade with capital you can afford to lose. Affiliate disclosure: Some links on this page are partner links — opening an account through them may earn ShaFX a commission at no extra cost to you.