Reported as a scam / unregulated
Why Myrtle is on the register
Myrtle’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 foreign exchange 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. Therefore, Myrtle appears to be a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.