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Best Forex Brokers in Kuwait 2020

FX Empire Editorial Board
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Finding a forex broker that you can rely on in Kuwait is not an easy task. However, FXEmpire have conducted in depth research in order to narrow down your options. Here you will find a list of the best forex brokers in Kuwait.

The brokers below represent the best forex brokers for trading in Kuwait.

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BrokerRatingOfficial SiteRegulationsMin DepositMax LeverageTrading PlatformsFoundation YearPublicly TradedTrading Desk TypeCurrenciesCommoditiesIndicesStocksCryptoCommission on tradesFixed spreadsoffers promotionsOfficial Site
First Prudential Markets Pty Ltd
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IRESS, MT4, MT5, webtrader


No dealing desk

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Your capital is at risk

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Your capital is at risk




MT4, MT5


ECN, No dealing desk, STP

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Your capital is at risk

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62% of retail CFD investors lose money




eToro Platform, MT4, MT5, Tradologic, Zulutrade


Market Maker, No dealing desk, STP

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62% of retail CFD investors lose money

Pro Tip: Most of these brokers offer free demo accounts so you can test the brokers and their platforms with virtual money. Give it a try with some play money before using your own cash.
Here’s a list of The Best Forex Brokers for trading in Kuwait:

Note: Not all Forex brokers accept US clients. For your convenience we specified those that accept US Forex traders as clients.

FP Markets

Regulated By:ASIC, CySEC

Foundation Year:2005

Headquarters:Level 5, Exchange House 10 Bridge St Sydney NSW 2000, Australia

Min Deposit:$100

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A solid Australian broker, with sturdy ASIC regulation that offers transparent dealing, across a wide selection of 10,000 plus assets. A variety of account types across Forex and CFD’s and 0 pips spreads on their ECN trading. Leverage on the MT4 platform of up to 1:500 and trading of Bitcoin too.

Pros Cons
  • DMA and ECN execution
  • Over 10,000 trading instruments to choose from.
  • Modern trading platforms.
  • Low spreads on forex currency pairs.
  • Really none that we can see


Regulated By:CySEC, IFSC

Foundation Year:2009


Min Deposit:$1

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FBS was established in 2009 and is the official trading partner of FC Barcelona. The broker boasts a presence in more than 190 countries with 15 million traders and 410,000 partners.

FBS is a brand name of FBS Markets Inc which is authorised and regulated by the International Financial Services Commission (IFSC) of Belize. FBS also operates a European entity which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). This review is based on the services provided by the entity regulated by the IFSC.

Users are offered five different trading accounts called Cent, Micro, Standard, Zero Spread and ECN. Each account comes with different features and benefits such as the ability to trade commission-free with floating or fixed spreads or commission based on an ECN account.

Pros: Cons:
  • Commission-free trading available.
  • ECN accounts available.
  • Can trade on MetaTrader 4, MetaTrader 5 and FBS Trader.
  • FBS CopyTrade available for traders and investors.
  • Fast customer live chat service.
  • Good range of deposit methods
  • Limited number of instruments (75).
  • IFSC Belize regulation offshore based.
  • No mention of segregated client funds in Terms and Conditions.


Regulated By:ASIC, CySEC, FCA, MiFID

Foundation Year:2007

Headquarters:Kanika International Business Center 7th Floor, 4 Profiti Ilia Street Germasogeia, Limassol, Cyprus

Min Deposit:$200

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62% of retail CFD investors lose money

Known as one of the pioneers for social trading, eToro was established in 2007 to make financial markets more accessible to the average retail trader. The broker helped lead the way in social trading, when it introduced the revolutionary “OpenBook” trading platform to the online trading industry.

The broker has also been a forerunner in the introduction of innovative financial instruments such as ‘Copy Funds”. Likewise, eToro has not been slow in offering its clients a range of cryptocurrency assets to trade with. Regulated by the Cyprus Securities & Exchange Commission (CySEC), eToro’s traders can rest assured that their funds deposited with this broker will remain safe.


  • Highly regulated broker (FCA, CySEC and ASIC)
  • Innovative trading platform
  • Wide range of assets to trade with
  • Ability to earn 2% management fee as an Investor trader

  • Spreads are higher than average
  • Does not have the MetaTrader platform

General Regulation & Kuwait Regulation

The trading of forex as well as the regulation of forex brokers in Kuwait is provided by the Central Bank of Kuwait (CBK). The Central Bank of Kuwait also provides strict enforcement of laws that punish any wrongdoing on the part of the regulated brokers.

Apart from CBK-regulated forex brokers, offshore forex brokerage companies also offer their products to the Kuwaiti investing populace, either directly through adverts or using local agents/introducing brokers. Kuwaitis who trade forex with these offshore brokers and their agents do not enjoy the protections that investors who trade with CBK-regulated forex brokers enjoy.

Trading Platform & Software

As a Kuwaiti forex trader, you will be served with various turnkey and proprietary forex platforms to enable you trade forex and other CFD instruments. Some of the forex platforms represented within the Kuwaiti forex brokerage community include the AX1 platform and the MT4. Mobile trading apps unique to each brokerage are also available.

Commissions & Spreads

Kuwaiti forex brokers are allowed to charge nominal trading fees and commissions in addition to the spread. Some of the popular Kuwaiti forex brokers offer up to 50 currency pairs for trading, as well as other CFD assets. The CBK does not impose leverage limits. However, leverage of 1:100 is generally provided. No bonuses are awarded to traders. Spreads typically start from 0.5 pips.

Account Types

The account types offered by Kuwaiti forex brokers are not like the usual stratification of accounts found in brokerages in other parts of the world. Accounts are classified based on the offering of special services in addition to regular forex and CFD trading services.

Customer Service

The forex trading market in Kuwait boasts of a larger presence of expats than local traders. In order to appeal to the expat audience, most of the customer service channels offered by Kuwaiti forex brokers are rendered primarily in English language. Arabic is also used to serve the local trading populace.

Additional Services

Additional services that forex brokers in Kuwait offer their clients include the following:

  1. Capital protection forex account: This is a fixed capital + forex trading account where the investor can park funds (minimum of $50,000) and allow the brokerage to use the funds for a return of 18% after a lock-in period of 18 months. Two varieties exist: a tradable and a non-tradable version. This is only offered by select brokers.
  2. Extensive training and tutorials through offline trading academies.


  • Is Forex trading legal in Kuwait?

Yes trading forex is considered legal in Kuwait

  • Does Kuwait regulate forex trading?

The Central Bank of Kuwait (CBK) regulates and licenses forex brokers and sets out guidelines under which the entire industry operates.

  • Can Kuwaiti forex traders trade with brokers in other EU countries?

Yes, they can. However, such traders will not enjoy any compensatory packages in case of financial loss arising from broker misconduct.

Here is a list of recommended Kuwaiti forex brokers that meet our conditions of reliability and service delivery.


It is highly recommended that Kuwaiti forex traders use CBK-regulated forex brokers as these are the brokers under whom maximum protection of funds is guaranteed. In addition, compensatory plans are only approved for traders who maintain accounts with CBK-regulated forex brokers.

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