Kuwaiti traders will have some specific needs when it comes to choosing a broker. Using my 20+ years of experience and the proprietary FXEmpire scoring system, I have looked at a long list of brokers available to Kuwaiti traders and have ranked them as the best in 5 different categories.
All of these brokers offer negative balance protection, are regulated by Tier-1 regulators, and offer plenty of benefits to those who would choose them. While each of these brokers offers a strong trading environment, pointing out the brokers which are best in each category is the goal of my research.
*AvaTrade doesn’t allow CFD trading in Spain; only Futures are available.
Our team of experts has identified each broker’s strengths and weaknesses using FXEmpire’s comprehensive methodology.
Now, let’s explore the selected brokers.
FP Markets was founded in 2005 and is well-known by traders around the world. There are numerous regulators over FP Markets from diverse areas such as Australia, Europe, and South Africa. The international registry that Kuwaitis will be using is the offshore brokerage, based in St. Vincent & the Grenadines.
FP Markets offers a huge number of markets to trade and offers some of the most desired platforms, including MetaTrader 4, MetaTrader 5, cTrader, TradingView, IIress, and Mottai.
Regional Features:
FP Markets offers a large range of markets, with over 10,000 CFDs for trading. FP Markets is a strong choice for professional traders, as it offers the ability to trade the global financial markets with so many offerings. The spreads are tight at FP Markets, allowing short-term traders to get involved easily as well.
The spreads at FP Markets are variable and trader-friendly compared to the broader industry. The EUR/USD spreads are typically found to be 1.0 and 1.1 pips, with the GBP/JPY pair hovering around the 1.5 pips area. FP Markets doesn’t charge deposit, withdrawal, or even inactivity fees.
Vantage has been in business since 2009, and offers trading in forex, indices, commodities, stocks, and crypto markets. A well-regulated broker, it also offers massive leverage, customer support in Arabic, and Islamic accounts. The platforms offered are MetaTrader 4, MetaTrader 5, TradingView, WebTrader, and the Vantage App. Vantage also offers VPS services for those looking to take advantage of algorithmic trading.Â
Regional Features:
Vantage offers a large range of markets, including forex, indices, metals, soft commodities, energy, ETFs, shares, and bonds. With over 1,000 markets and spreads as low as 0.0 pips, professional traders will be attracted to the potential savings using the ECN accounts. For example, the Raw ECN account can offer spreads as low as 0.0 pips, and a commission of $3 per side, per lot. The Pro ECN has lower commissions, with it only being $1.50 per side, per lot, but also requires a deposit of $10,000 or more to open. The other option is the Standard account, with no commissions, and spreads as low as 1.1 pips.Â
The “Vantage View” is professional analysis that is offered at Vantage as well, and can give insights into the global markets. This adds to the arsenal of trading tools that professional traders employ daily.
AvaTrade has been in business since 2006, and is based in Ireland. AvaTrade can offer futures, options, and CFD trading. The over 1,250 assets available for trading are one major reason for Kuwaiti traders to choose it.
The broker is regulated around the world, including in places like the EU, Japan, South Africa, Australia, and more.
Regional Features:
It is copy trading and social trading where this broker truly shines. The AvaSocial platform allows traders to follow fellow traders and keep an eye on those that are performing very well. This can be done automatically or manually, which allows flexibility. The Duplitrade platform allows traders to “set and forget”, following other strategies that have proven profitable along the way.
Other platforms include MetaTrader 4, MetaTrader 5, cTrader, AvaOptions, WebTrader, and AvaTrade App.
At the time of researching AvaTrade, I found the spreads to be very good, with the EUR/USD at 0.8 pips, the USD/JPY at 1.3 pips, and the Gold market at $0.34, and with no commission.
IC Markets was established in 2007 and is heavily regulated around the world. This includes places like Australia, Cyprus, and the Seychelles. IC Markets offers forex, commodities, indices, bonds, cryptocurrencies, stocks, futures, and even some 24-hour stocks.
Regional Features:
IC Markets offers a Standard, Raw Pro, Raw Pro+, and Raw Spread account. The Standard account offers as little as 0.8 pips; Raw Pro has commissions of $1.50 per lot per side, with Raw Pro+ having commissions of $1 per lot per side. The Raw Spread account has commissions of $3 per side per lot. All of the accounts, with the exception of Standard, can have spreads as low as 0.0 pips.
Platforms include MetaTrader 4, MetaTrader 5, cTrader, WebTrader, and TradingView. The spreads during my review included EUR/USD of 0.6 pips in the Standard account, which is below the 1.0 pips industry average. The GBP/JPY pair has spreads of 2.2 pips, which is roughly average.Â
FxPro has been around since 1999, and is based out of London. The broker offers more than 2,100 tradable markets and has regulators from around the world. FxPro has long been one of the biggest brokers in the retail trading space. They are regulated in multiple jurisdictions, including the United Kingdom, Bahamas, and Seychelles.
Regional Features:
FxPro offers several trading platforms, including MetaTrader 4, MetaTrader 5, cTrader, and FxPro Platform. It is the FxPro Platform that many traders will flock to, as it is intuitive and offers more than 70 trading indicators. It also allows several charting configurations to suit whatever needs a trader will have.
The broker also has a massive amount of educational content, including a massive number of articles, videos, and even CME courses covering various topics, including technical analysis, fundamental analysis, and psychology.Â
The spreads are a little wider than some others, but depending on your trading style, it may not matter. For example, the spread I saw in EUR/USD was 1.4 pips. The USD/CAD spread was 1.7 pips.Â
The forex and CFD analysts and editors at FXEmpire bring together seasoned trading professionals and experienced financial journalists. Many of our experts have been featured in leading publications such as Investopedia and Forbes, and all of them combine strong industry credentials with hands-on trading experience.
Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later, Dan gained insight into the forex industry during his time as a Series 3 licensed futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.
Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.
Christopher Lewis is an experienced trader and technical analyst specializing on currencies, indices, and commodities. He also has been working as a proprietary trader for institutional accounts. Chris has been an FXEmpire analyst since the site's early days and shares his trading insights on his own blog, The Trader Guy. His sharp, practical understanding of the trading industry means he knows forex and CFD brokers inside-out, so you can trust his guidance on how they work and which one to choose.
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