Iraq · XLK
If you live in Iraq and want exposure to Technology Select Sector SPDR Fund (XLK), you no longer need a US brokerage account. Through tokenized stocks on GM Markets, investors in Iraq can buy XLK backed 1:1 by real shares, funded with stablecoins, from just $1. As of the latest update, XLK trades around $175.77 (about IQD 230,078 at recent exchange rates). This guide covers how it works, what it costs, the risks to weigh, and what Iraq investors specifically should know.
About the fund
XLK is an exchange-traded fund that holds the technology companies within the S&P 500, giving single-trade exposure to US large-cap tech names weighted by market value. It is designed to track the performance of the Technology Select Sector Index before fees rather than to outperform it.
The bull case
Investors point to XLK as a way to gain concentrated exposure to the US technology sector in a single, liquid position without picking individual stocks.
Key risks
As a sector fund, XLK is far less diversified than a broad-market ETF and tends to be more volatile, it is heavily concentrated in its largest holdings, and it rises and falls with the technology industry's cycle.
For Iraq investors
Investors in Iraq have generally reached US shares through international brokers or intermediaries offering global access, navigating USD conversion, higher minimums, and onboarding formalities. Tokenized US equities simplify this with direct 1:1 exposure that is self-custodied and available from around $1.
Compare your options
How tokenized assets compare with the traditional routes a non-US investor would otherwise use.
| Route to XLK | Minimum | You fund with | Who holds it | From Iraq |
|---|---|---|---|---|
| Tokenized on GM Markets | From $1 | Stablecoins (USDC) | Your own wallet | Open to Iraq |
| Local stockbroker | Often a whole share | IQD | Broker holds | Limited US coverage |
| International broker | Often hundreds of USD | IQD converted to USD | Broker holds | Varies, may gate residents |
| ADR or local listing | Whole-share price | IQD | Broker holds | Only some US stocks |
Step by step
Create a wallet
GM Markets is non-custodial, so you connect a self-custody wallet and keep your own keys. There is no lengthy brokerage onboarding.
Fund with USDC
Add USDC to your wallet. GM Markets settles trades in stablecoins, so this becomes your buying power.
Find XLK
Search for Technology Select Sector SPDR Fund (XLK) in the GM Markets terminal to see the live order book and chart.
Place your order
Buy from as little as $1 with a market or limit order. Your XLK token is backed 1:1 by a real share held at a regulated issuer.
Hold, trade, or redeem
Your position settles on-chain and is yours. Sell any time, or hold for exposure to XLK.
Funding
FAQ
Nearby
See the full Technology Select Sector SPDR Fund guide or trending stocks in Iraq.
Trading involves risk, including possible loss of principal. The value of tokenized assets and perpetual positions can fall as well as rise, and past performance is not indicative of future results. Perpetual futures are leveraged products and may not be suitable for every user.
GM Markets does not offer its product or services to users in the United States, or in any other restricted jurisdiction.
GM Markets does not provide financial, investment, tax, or legal advice. All investments carry risk including the loss of principal. Past performance does not guarantee future returns.
