MYRTLE

MYRTLE is a forex and CFD brokerage established on 2 November 2022 and registered in Iraq. The company operates from its registered address at Office 16, AB Center (AB White Building), Gulan St, Erbil 44001, Iraq. According to public records, the broker targets a global clientele with a focus on trading in forex, shares, metals, commodities, and indices.

The broker presents itself as a multi-asset trading provider, though independent verification of its operations is limited due to the absence of an established web presence and user reviews. The prominence of its Erbil registration situates it within a region that is not commonly associated with major financial regulatory frameworks.

Our records indicate that MYRTLE holds no regulatory licences from any known financial authority. This lack of oversight means that client funds are not protected by any investor compensation scheme, and the broker is not subject to standard requirements such as segregated accounts or regular audits.

Traders considering this broker should be aware that operating without a licence introduces significant risks, including potential difficulties in dispute resolution and limited recourse in the event of malpractice. The FXCanary Scam Risk Score of 49/100 reflects a guarded assessment based on the unregulated status and lack of independent public information.

MYRTLE offers three account tiers: Primitive, Progressive, and Prime. The Primitive and Progressive accounts each require an initial minimum deposit of $100, while the Prime account demands a substantially higher minimum of $50,000. This structure suggests that the broker caters both to retail traders with modest capital and to high-net-worth individuals.

Leverage is available up to 1:175 across the accounts, which is relatively high and can amplify both gains and losses. The spreads vary by account type, though specific figures are not publicly detailed. The significant jump in minimum deposit between the Progressive and Prime accounts indicates a tiered service model with potentially different trading conditions.

The broker claims to offer trading in forex, shares, metals, commodities, and indices. This range would cover major asset classes commonly found in CFD trading. However, without regulatory oversight, the actual availability and execution of these instruments cannot be independently verified.

Clients should approach these offerings with caution, as unregulated brokers may have limited liquidity or may not provide true market access. The specific instruments within each category are not detailed in public records.

There is no publicly available information regarding the trading platforms offered by MYRTLE. Given the broker's recent establishment and lack of independent reviews, it is unclear whether it provides proprietary software, MetaTrader, or other third-party platforms.

Traders should confirm platform availability through direct communication with the broker before committing funds. The absence of this information in public records is a notable gap for potential clients.

Our known facts do not include specific details on deposit and withdrawal methods. Typically, brokers in this region may offer bank transfers, credit/debit cards, or e-wallets, but this has not been confirmed for MYRTLE.

Given the unregulated status, clients should exercise caution and request clear information about processing times, fees, and any potential restrictions on withdrawals before depositing funds. The lack of transparency on financial operations is a concern.

No information is available regarding customer support channels such as live chat, phone, or email. The broker's website (myrtle.ltd) may provide contact details, but our independent verification is limited.

Traders should test responsiveness and reliability of support before trading, especially given that unregulated brokers may offer inadequate or non-existent after-hours assistance.