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6 Best Forex Brokers in Kuwait for 2024

Searching for the top forex broker in Kuwait? Based on our hands-on analysis, we’ve identified the 6 best options tailored to various trading needs. Practical tips from our experts are included.

By:
Vladimir Zernov
Reviewed By:
Aviva Gurevich
Updated: Mar 27, 2024

List of Top Forex Brokers in Kuwait

800+ tradable instruments. Competitive spreads. A wide range of platforms, including MT4, MT5, cTrader, and IRESS. VPS hosting.

MT4/MT5, Vantage App, and ProTrader, powered by TradingView. Competitive spreads. Strong research support. Free VPS hosting for algorithmic trading.

MT4/MT5, FXTM Trader mobile app. A selection of custom MT4 indicators. Strong educational support. VPS hosting.

Tight spreads. Free VPS. MT4/MT5, cTrader. Popular third-party tools, including Trading Central and Autochartist. Fast order execution.

Multiple Tier-1 regulations. Variety of trading platforms. CFDs and options contracts. Incorporates DupliTrade. Fast order execution.

User-friendly proprietary trading platform. A leader in copy trading. Strong educational support for beginner traders. Good selection of tradable instruments

Forex Trading in Kuwait

Forex and CFD trading is rapidly gaining popularity in Kuwait, with an increasing number of brokers expanding their services to cater to clients within the country. Notably, Islamic forex trading is also available in Kuwait, accommodating the financial practices and beliefs of the local population.

While forex trading is legal and regulated in Kuwait, under the supervision of the Central Bank of Kuwait, specific regulations for CFD brokers have not yet been implemented. Consequently, Kuwaiti traders frequently turn to the foreign-regulated entities of their chosen brokers to engage in trading activities.

How Did FX Empire Select the Best Brokers in Kuwait?

FXEmpire's Methodology

To choose the best forex brokers in Kuwait, we used the FX Empire’s 250-point rating system to find the leaders in each category. We focused on the following key features:

  • We selected trustworthy and transparent brokers with a top overall score based on our 250-data point rating system
  • We prioritized brokers with top-tier regulations.
  • We focused on brokers that offer low trading fees.
  • We listed brokers that have user-friendly and feature-rich platforms.
  • We favored brokers that offer localization in terms of the website and customer support language (Arabic), as well as popular payment methods.
  • We confirmed that all the brokers offer an Islamic account option.
  • We checked if the brokers provide bonuses and promotions for Kuwait-based clients.

Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. I subsequently employed my 16 years of forex trading experience to examine and analyze all our findings, resulting in the selection of the best brokers for traders in Kuwait across various categories. You can read more about it and how we conduct our tests here.

Now, let’s explore the selected brokers.

Best Overall

Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested.
  • Min Deposit
    $100
  • Tradable Instruments
    8977
  • Fees
    Low

Founded in 2005, FP Markets offers trading in forex pairs, commodities, stocks, indices, ETFs, and cryptocurrencies. The broker operates under the regulatory oversight of CySEC, ASIC, and FSCA. Additionally, FP Markets maintains an unregulated entity registered in St. Vincent & the Grenadines

Regional Features:

  • Clients based in Kuwait can open accounts with FP Markets LLC, an unregulated entity registered in St. Vincent & the Grenadines.
  • Leverage: Up to 1:500.
  • Arabic version of the website.
  • Customer support in Arabic.
  • Islamic account option available.

My research indicated that FP Markets provides a wide range of tradable instruments, including a vast stock offering accessible through an IRESS account. The IRESS platform stands out as a powerful tool for professional traders. Broker’s clients also have access to popular platforms like MetaTrader 4, MetaTrader 5, and cTrader. Additionally, FP Markets provides VPS hosting, which is important for algorithmic traders.

Our tests showed that FP Markets offers mid-to-low spreads compared to the broader industry. For example, during my hands-on testing, the EUR/USD spreads ranged between 1.0 and 1.2, while the GBP/JPY spreads fell within the 1.5 – 1.9 range. Worth highlighting is the broker’s consumer-friendly fee structure: FP Markets doesn’t charge deposit, withdrawal, or inactivity fees.

Pros
  • Competitive spreads.
  • No inactivity, withdrawal, or deposit fees.
  • A well-rounded tradable instruments offering.
  • Selection of tradable platforms and a VPS service.
Cons
  • The offshore entity is unregulated.

Best for Professional Traders

Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.
  • Min Deposit
    $50
  • Tradable Instruments
    935
  • Fees
    Low

Founded in 2009, Vantage offers trading in currency pairs, indices, commodities, stocks, and cryptocurrencies. The broker is regulated by ASIC and CIMA.

Regional Features:

  • Clients based in Kuwait can open accounts with Vantage International Group Limited, regulated by the Cayman Islands Monetary Authority (CIMA).
  • Leverage: Up to 1:1000.
  • Arabic version of the website.
  • Customer support in Arabic.
  • Islamic account option available.
  • Vantage rewards system.

My research showed that Vantage provides a wide range of tradable platforms, including MetaTrader 4, MetaTrader 5, ProTrader, and Vantage App. App. Pro-level traders familiar with TradingView will especially appreciate ProTrader, as it’s powered by this renowned platform.
Additionally, advanced traders will benefit from the free VPS hosting.

The broker also stands out for its strong research support. This includes frequent updates from the in-house team and a sentiment data tool, which displays the total long and short positions of over 50,000 Vantage clients. Personally, I believe sentiment data is an important analytical tool for the contemporary trader.

Regarding fees, our assessments indicated that Vantage features competitive spreads across multiple assets. For example, the EUR/USD spreads ranged between 1.2 and 1.4, while those for Dow Jones were in the 1.0 – 1.3 range.

Pros
  • Strong selection of available trading platforms.
  • Free Forex VPS hosting.
  • Strong research support.
  • Wide range of tradable instruments.
Cons
  • Users must navigate chatbot questions before reaching a human agent.

Best MT4

4.4
Online Forex/CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading Online Forex/CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of Exinity Capital East Africa Ltd based on the legal requirements in his/her country of residence.
  • Min Deposit
    $200
  • Tradable Instruments
    593
  • Fees
    Medium

Founded in 2011, FXTM offers trading in forex, indices, stocks, and commodities. The broker operates under the FCA, CySEC, FSCA, and FSC Mauritius regulatory oversight.

Regional Features:

  • Clients based in Kuwait can open accounts with Exinity Limited, regulated by the Financial Services Commission.
  • Leverage: Up to 1:2000.
  • Arabic version of the website.
  • Customer support in Arabic.
  • Islamic account option available.
  • Referral program.

FXTM offers the popular MT4 and MT5 platforms, along with its proprietary FXTM Trader mobile app. This app incorporates basic indicators and provides news and analysis. Additionally, the broker features a range of MT4 indicators, such as the Spread Indicator, Pivots SR Levels, and Day Bar Info Indicator.

FXTM provides solid research support from its in-house team that covers both fundamental and technical analysis. The educational offering is also strong. FXTM offers articles, ebooks, and video content to help new traders master the waves of the markets. To enhance client experience, FXTM assigns a dedicated customer solutions representative, streamlining communication with the broker.

Our research showed that the trading costs associated with the Micro account align with industry standards. As an example, gold spreads varied between 36 and 45, while the spread for EUR/USD stood at 2.

Pros
  • Intuitive in-house trading app.
  • Custom MT4 indicators.
  • Strong educational and research materials.
  • Dedicated support representative.
Cons
  • Withdrawal and inactivity fees.

Best Low Spreads

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
  • Min Deposit
    $200
  • Tradable Instruments
    2251
  • Fees
    Low

Established in 2007, IC Markets has built a name for itself in the trading world. Regulated by ASIC, CySEC, and FSA Seychelles, the broker provides a balanced offering with a solid choice of tradable instruments – from forex and commodities to stocks, indices, and cryptocurrencies.

Regional Features:

  • Clients based in Kuwait can open accounts with Raw Trading Ltd, regulated by the Seychelles Financial Services Authority (FSA).
  • Leverage: 1:500
  • Arabic version of the website.
  • Islamic account option available.

Our analysis revealed that IC Markets offers competitive pricing across both its Standard and Raw Spread accounts. Consider the EUR/USD pair in the Standard Account, with spreads typically ranging between 0.6 and 0.7, or the GBP/JPY pair, which boasts a spread of 2.2. The broker’s commission rates in the Raw Spread account are also attractive. Furthermore, IC Markets skips any account maintenance or inactivity fees, adding to its cost-effectiveness.

Clients of IC Markets have the flexibility to select from MetaTrader 4, MetaTrader 5, and cTrader platforms. The broker not only offers its in-house research but also incorporates renowned third-party tools like Trading Central and Autochartist. Moreover, traders have access to free VPS.

Pros
  • Competitive spreads and commissions.
  • A wide range of cryptocurrencies to trade with.
  • Multiple trading platforms and solid research tools.
  • Free VPS hosting.
Cons
  • No proprietary platform.

Best Trading Platform

Trading CFDs and FX Options entail risk and could result in the loss of your capital.
  • Min Deposit
    $100
  • Tradable Instruments
    853
  • Fees
    Medium

AvaTrade was founded in 2006 and is headquartered in Ireland. The broker offers more than 1250 instruments that can be traded as CFDs or options contracts. Traders can take advantage of this diversity to better manage their market exposure. AvaTrade operates as a market maker, which accommodates fast order execution and is more suitable for high-frequency trading.

Regional Features:

  • Clients based in Kuwait can open accounts with Ava Trade Middle East Ltd, regulated by the Abu Dhabi Global Markets (ADGM) Financial Regulatory Services Authority (FRSA).
  • Leverage: Up to 1:4000.
  • Arabic version of the website.
  • Customer support in Arabic.
  • Islamic account option available.

I was impressed by AvaTrade’s assortment of trading platforms. It offers the renowned MetaTrader 4&5 and a proprietary Web Trader platform that has more advanced charting capabilities and is the go-to choice for conducting probing technical analyses.

AvaTrade also incorporates DupliTrade, which is one of the biggest social trading platforms in the industry, connecting signal providers and signal followers worldwide. Finally, there is AvaOptions, which is a platform specifically tailored for options trading. Its greatest advantage is that it allows traders to better assess volatility changes and thereby position themselves on the market accordingly.

AvaTrade offers commission-free accounts for beginner traders with floating spreads around 0.9 pips. After reviewing all of its costs, I determined that they fall marginally below the industry average.

Pros
  • Multiple regulations.
  • Wide range of trading platforms.
  • Competitive fees.
  • Fast order execution.
Cons
  • Compensation scheme not available for Kuwait clients.

Best for Beginners

51% of retail CFD accounts lose money.
  • Min Deposit
    $50
  • Tradable Instruments
    3705
  • Fees
    High

Founded in 2007, eToro offers trading in forex pairs, commodities, stocks, indices, ETFs, and cryptocurrencies. The broker is regulated by multiple top-tier regulators, including CySEC, ASIC, FCA, and FINRA.

Regional Features:

  • Clients based in Kuwait can open accounts with eToro (Seychelles) Ltd, regulated by the Seychelles Financial Services Authority (FSA).
  • Leverage: Up to 1:400
  • Arabic version of the website.
  • Customer support in Arabic.
  • Islamic account option available.

eToro has developed one of the most user-friendly proprietary web trading platforms and mobile apps. The design is sleek and easy to use – an essential feature for beginner traders. eToro’s educational offering includes courses, guides, videos, webinars, and podcasts.

The broker’s eToro Academy is truly impressive, equipped with the essential knowledge for beginners taking their first steps in the markets. It’s worth noting that eToro provides a copy trading offering, which is particularly beneficial for beginners as it allows them to observe how pro-level traders make decisions.

In terms of fees, our evaluations indicated that eToro’s charges align with industry averages. For instance, the spreads for EUR/USD varied between 0.9 and 0.1, while those for WTI oil stood at 0.05.

Pros
  • User-friendly platform.
  • Strong research support.
  • A leader in copy trading.
  • Good selection of cryptocurrencies.
Cons
  • Account balance of at least $5000 is required for chat and phone support.

How to Choose a Forex Broker in Kuwait?

Use our guide to define the best forex broker in Kuwait according to your trading goals.

How to choose a safe forex broker in Kuwait?

The process of choosing a broker begins with learning where your potential broker is regulated. In our research, we divide regulators into three tiers: Tier-1, Tier-2, and Tier-3.

  • Tier-1 regulators have strict oversight and impose certain limits on services offered to retail clients (for example, the leverage for retail clients is usually limited at 1:30). Such regulators usually provide access to investor compensation schemes. They also demand that brokers provide negative balance protection and keep clients’ funds in segregated accounts. Tier-1 regulators include CySEC, ASIC, and UK FCA.
  • Tier-2 regulators also offer strict oversight but usually do not limit leverage for retail clients. In addition, investor compensation schemes are typically not available at Tier-2 regulators. FSCA is a good example of such a regulator.
  • Tier-3 regulators are offshore regulators that do not impose limits on leverage for retail clients and do not provide access to compensation schemes. FSA Seychelles and FSC Mauritius are among Tier-3 regulators.
  • Unregulated brokers operate without oversight from any formal financial regulatory authority. Unlike regulated brokers, which have to comply with rules and guidelines set by financial bodies to ensure transparency and protection for traders, unregulated brokers are not bound by such requirements. Trading with an unregulated broker carries a high level of risk, including the potential for financial loss, fraud, or scams.

Traders should prioritize essential safeguards such as negative balance protection, segregated funds, and compensation funds, all of which offer reassurance in case of financial issues. Traders should note that offshore regulators do not impose strict limits on leverage, allowing traders to access high levels of leverage but offer lower levels of protection. You should be aware that compensation schemes may not be available. Consequently, if a broker faces financial difficulties, traders will have to navigate the situation independently.

Read more about the best regulated forex brokers in our detailed guide.

What fees should you focus on when choosing the broker?

Typically, brokers charge spreads, commissions, swap/rollover fees, and inactivity fees.

  • The spread is the difference between the bid and the ask price. The higher the spread, the more you pay for the trade. In our rating system, we deem spreads below 1 pip for EUR/USD and 3 pips for GBP/JPY to be low. See our guides on the best zero spread and best lowest spread forex brokers.
  • A commission is a fixed cost of entering the trade. Accounts that charge commissions usually offer lower spreads. For example, commissions below $3 for forex pairs and gold are considered low.
  • A swap/rollover fee is charged when you hold a leveraged position overnight. Traders should pay extra attention to these fees if they plan to use swing trading strategies, which involve holding positions for several days or even weeks. A swap rate below 0.5 pips for forex pairs is considered favorable. Find best lowest swap fees brokers.
  • A broker imposes an inactivity fee when an account remains dormant for a specified period. In this case, a certain amount of money is charged monthly. An inactivity fee below $10 is considered to be low.

How to choose the right account for trading?

You should understand the differences between various types of accounts.

  • Demo accounts are used for practice without risking real money. Such accounts are highly recommended for novice traders making their first steps in trading. Read more about best forex demo accounts.
  • Spread-based accounts typically charge spreads and swap/rollover fees. These accounts usually represent a good choice for traders whose trading volume is expected to be relatively modest.
  • Commission-based accounts charge commissions in addition to spreads and swap/rollover fees. Typically, such accounts offer tighter spreads. They are suitable for traders who anticipate a high volume of trading.
  • On Islamic accounts, swap/rollover fees are not charged to ensure compliance with Sharia law. See our guide on the best Islamic forex accounts.
  • Professional accounts usually have a high minimum deposit and offer access to high leverage that most professional traders are looking for.

How to choose a trading platform?

Typically, most brokers offer access to MetaTrader 4 and/or MetaTrader 5. Those are sophisticated platforms with a variety of tools tailored mainly for experienced traders. Hence, beginners may need to spend some time learning the ropes.

Some brokers have also developed their own in-house trading platforms. These platforms are usually tailored to the needs of traders at various experience levels. They are easy to navigate and simple to use.

Check out our dedicated guide on Best forex trading platforms.

The choice of trading platform largely depends on personal preferences and trading experience. In my opinion, for novice traders, it’s better to start with a user-friendly platform or a mobile app, whereas experienced traders would often prefer MT4/MT5.

Find out more about each platform in our dedicated guides on best MT4 brokers and best MT5 brokers.

What leverage is available for traders?

Leverage provides traders with the opportunity to boost their profits through the use of borrowed funds. The higher the leverage, the greater your potential profits may be. However, leverage can be a double-edged sword, as it can also magnify potential losses. Thus, I would advise beginner traders to start with low levels of leverage to avoid the risk of substantial losses.

For those comfortable with these dynamics, FX Empire offers a list of the best forex brokers with high leverage, carefully selected to suit specialized trading needs.

The maximum potential leverage a broker can offer is determined by the regulator. Kuwait-based traders have access to the global entities of brokers, which are usually regulated by offshore regulators and offer high levels of leverage.

Explore our list of best offshore forex brokers.

What to avoid when choosing a broker?

Based on my trading experience, I have outlined the five things to avoid when choosing a broker:

  • Failing to verify regulatory compliance.
  • Overlooking broker fees, such as spreads, commissions, and swap rates.
  • Selecting an account type that does not match your requirements.
  • Neglecting to review the range of instruments provided by the broker.
  • Avoiding direct communication with the support team before opening an account.

How to avoid forex and CFD scams?

To safeguard yourself against forex scams, follow these essential guidelines:

  • Research and choose a reputable broker. Conduct thorough research to identify a broker with a solid reputation and a history of regulatory compliance. Verify its credentials and look for reviews or testimonials from reliable sources.
  • Check the regulatory status. Ensure that the broker you selected is regulated by a recognized financial authority. This oversight provides a decent level of protection and ensures adherence to industry standards.
  • Be cautious of unrealistic promises. Beware of brokers or investment schemes that promise guaranteed high returns or low-risk opportunities. Forex trading involves inherent risks, and legitimate brokers will not make unrealistic claims.
  • Avoid unregulated entities. Steer clear of unregulated brokers or those operating from offshore jurisdictions with weak regulations. Regulatory oversight helps protect your funds and ensures fair trading practices.
  • Understand the terms and conditions. Read and comprehend the broker’s terms and conditions, including fee structures, withdrawal policies, and any potential hidden costs. Beware of brokers that make it difficult to access or withdraw your funds.
  • Use secure payment methods. Choose reputable payment methods that offer additional security layers, such as bank transfers or established electronic payment systems. Avoid dealing with brokers that solely accept cryptocurrency or other non-traceable forms of payment.
  • Stay informed and educated. Continuously educate yourself about forex trading and stay updated on market trends and news. This knowledge will empower you to make informed decisions and identify potential scams.
  • Trust your instincts. If something seems too good to be true or raises suspicions, trust your gut instinct and exercise caution. Take the time to seek advice from trusted financial professionals or consult with experienced traders before making any decisions.

And if you are still uncertain, you can always check out our database of reviews to find the most reliable brokers.

Our Methodology

FX Empire, with a history dating back to 2011, has established itself as a reputable authority in broker reviews. Our extensive experience in evaluating CFD brokers, spanning over a decade, has led us to develop a meticulous and comprehensive review strategy. Adhering to stringent guidelines for editorial integrity, we consistently uphold our commitment to deliver unbiased evaluations.

We follow a diligent protocol for our review process, integrating objective criteria and quantifiable data. This methodical approach allows us to generate a justified score that accurately reflects a broker’s performance. Our mission is to provide traders with thorough and unbiased reviews, empowering you to make well-informed decisions aligned with your specific needs.

To choose the best brokers for you, we rate them across nine categories and calculate a score that reflects their performance. The categories include:

  • Trust and Stability
  • Fees
  • Platform and Tools
  • Tradable Instruments
  • Account Types
  • Deposit and Withdrawal
  • Research
  • Customer Support
  • Education

We open accounts, test platforms, measure spreads, and chat with support teams to collect as much data as possible for each broker. Overall, we evaluate brokers based on more than 250 distinct data points. Every category receives a rating from one star (weak) to five stars (excellent). The broker’s total score depends on its performance in each of these nine categories.

We highlight each broker’s strengths and weaknesses, explain regulatory details, and share the results of our live tests of brokers’ fees, customer support, and trading platforms. To learn more about our review process, click here.

In this guide, I focused on the best forex brokers in Kuwait. I’ve given priority to brokers that offer specific local features, such as an Arabic version of the website, customer support in the Arabic language, the availability of Islamic account options, and payment methods favored locally.

Meet our Writers

The team of forex and CFD writers and editors at FX Empire is composed of trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Get to Know Our Authors

Dan BlystoneBroker Analyst

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 licenced 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 SolankiBroker Analyst

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.

Plamen StoyanovBroker Analyst

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.

Vladimir ZernovBroker Analyst

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.

Yes, forex trading is legal in Kuwait.
The Central Bank of Kuwait regulates forex transactions.
My research indicated that FP Markets, Vantage, IC Markets, FXTM, and eToro are the top forex brokers in Kuwait.
Kuwait does not have specific regulations for CFD brokers. Traders can open accounts with the global entities of the brokers.
eToro is the most suitable forex broker for beginners in Kuwait. The broker offers a highly user-friendly proprietary trading platform, copy trading features, as well as a strong educational offering.
Vantage is the most suitable forex broker for professional traders in Kuwait. The broker offers tight spreads, free VPS hosting, and a wide range of platforms and research tools.
An Islamic account is an account that offers trading according to the Sharia law. It is a swap-free account as Sharia law prohibits paying or receiving interest.
Forex brokers charge spreads, swap/rollover fees, and commissions. Brokers may also charge inactivity fees, which are applied when the account has been dormant for many months. Traders should also check whether a broker applies deposit and withdrawal fees. Muslim traders should also check whether the broker provides swap-free (Islamic) accounts.
Monday 00:00 — Saturday 00:00.
Kuwaiti Dinar is pegged to a basket of international currencies, which is dominated by the U.S. dollar. As a result, the Kuwaiti Dinar is extremely stable, so forex brokers do not offer it in trading pairs.
Forex trading is taxable in Kuwait. Note that forex trading can be a complex and risky investment. It is important to understand the tax implications of forex trading and to consult with a tax advisor.
Yes, you can trade with brokers regulated outside of Kuwait.
Yes, crypto trading is available for Kuwait-based clients. Although Kuwait has banned various operations related to crypto, such as payments, investments, and mining, CFD brokers offer contracts on crypto CFDs, which are distinct from direct cryptocurrency transactions.
Negative balance protection is a feature offered by some brokers that protects traders from incurring a negative account balance. In forex trading, it is possible to lose more money than you have in your account due to leverage, which magnifies both gains and losses. With negative balance protection, the broker guarantees that the trader's account balance will never go below zero, even in the event of a sudden and significant market move that results in a large loss.
To verify whether your broker has negative balance protection, you can review the terms and conditions of your account agreement, which should outline the broker's policy on negative balance protection. This information is usually available on the broker's website or can be obtained by contacting their customer support team.
A compensation scheme is a type of investor protection program that provides financial compensation to investors who have suffered losses as a result of a broker's insolvency, fraud, or other misconduct. Compensation schemes are designed to protect investors from financial harm and to promote confidence in the financial markets. In most countries, compensation schemes are established and regulated by the government or financial regulatory agencies. These schemes typically have specific eligibility requirements, such as a maximum level of compensation per investor or per claim, and may only cover certain types of financial instruments or transactions.
You can check their regulatory status and the terms and conditions of your account agreement. You can also check the website of the compensation scheme in your country or region to see if your broker is listed as a member.
A segregated fund refers to the practice where brokers hold their clients' funds separate from their own operational funds. This is done to protect clients' funds in the event of the broker's bankruptcy or other financial difficulties.
To verify if a broker offers segregated funds, you can check their website, contact them directly, review their regulatory filings, look for independent reviews, or consult with a financial advisor.

About the Author

Vladimir ZernovBroker Analyst

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.

Why you can trust FX Empire

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Why you can trust FX Empire

FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.