ANSWER Dear Investor,
Myrtle appears to be a fraudulent broker as it lacks a valid trading licence and is not regulated.
The company's website provides no verifiable regulatory disclosures, only listing an Iraqi phone number and registered address. However, to the best of our knowledge, there is currently no regulatory authority in Iraq overseeing forex trading activities. This means that forex trading in Iraq remains entirely unregulated, exposing investors to significant financial and legal risks.
The absence of basic corporate and regulatory information strongly suggests that Myrtle is operating without authorisation. This poses a significant risk to all investors.
Given the high risk of fraud and the complete lack of oversight, we strongly advise investors to avoid interacting with or transacting with Myrtle.
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