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Best Kuwait Forex Brokers

BrokerNotes.co

Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by John Bringans

October 07, 2024

The first step for every forex trader should be choosing a reliable, well-regulated forex broker. The team at BrokerNotes has conducted extensive research and data collection on international forex brokers and the local regulatory environment to create this guide for Kuwait-based forex traders. Read more to learn which forex broker is best for your needs.

travel_explore A little bit of Kuwait trivia

Check out some general Kuwait facts as well as some info about some of the country's most important financial bodies in the paragraph below, generated by ChatGPT (to learn more about how we ethically incorporate AI into our content, read our generative AI policy).

According to the World Bank, Kuwait has a population of 4.40 million people, as of 2019, and has a Gross Domestic Product of $133 billion USD. The national currency of Kuwait is the Kuwaiti Dinar (KD), and the central bank of Kuwait is the Central Bank of Kuwait (CBK). The primary responsibilities of the Central Bank of Kuwait are to supervise, regulate, and guide the other financial institutions in Kuwait, and ensure steady economic growth by setting interest rates and controlling the money and foreign exchange markets. Furthermore, the Central Bank of Kuwait is responsible for developing a reliable and efficient payment system. Besides the Central Bank, Kuwait also has two other financial markets regulators, namely the Capital Markets Authority (CMA) and the Kuwait Clearing Company (KCC). The primary responsibility of the Capital Markets Authority is to regulate and oversee the activities of issuers and intermediaries in the securities market, as well as to ensure the protection of investors and efficient flow of trading. Additionally, the CMA is tasked with setting and enforcing laws and regulations pertaining to securities trading and other activities in the Kuwaiti capital markets. The Kuwait Clearing Company (KCC), meanwhile, is mandated by the Central Bank to facilitate and clear payments in the Kuwait Stock Exchange. The KCC is also responsible for collecting trading and other settlements charges from members of the Kuwait Stock Exchange as it is the only central counterparty for all trades.

Best Forex Brokers Kuwait for 2024

IG
star 9.9/10 Overall
Summary Review Trading Platforms
Minimum Deposit£250.00
Tier-1 Licenses8
Tradeable Symbols (Total)19537

Year after year, IG has shown itself to be the best broker in the forex industry and a fantastic choice for forex traders. Highly trusted and regulated across the globe, IG delivers a wide variety of rich features, market research, and powerful trading tools. IG also offers seamless integration of trading signals into its web platform. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
FOREX.com
star 9.5/10 Overall
Summary Review Trading Platforms
Minimum Deposit$100
Tier-1 Licenses7
Tradeable Symbols (Total)5500

FOREX.com is a highly trusted brand with a long history of offering forex in the U.S. and across the globe. FOREX.com offers its own flagship trading platforms for web and desktop, as well as the full MetaTrader suite. Though its pricing is higher than average, FOREX.com is a balanced choice for traders of all experience levels. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
XTB
star 9.2/10 Overall
Summary Review Trading Platforms
Minimum Deposit$0 info
Tier-1 Licenses2
Tradeable Symbols (Total)7184

XTB is a highly trusted brand with a proprietary platform (xStation 5) that delivers a rich selection of trading tools. XTB also offers CFDs for a wide range of asset classes, including multiple cryptocurrencies. Beginners will appreciate XTB's excellent educational content and the hundreds of lessons that are available via its Trading Academy. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Capital.com
star 8.7/10 Overall
Summary Review Trading Platforms
Minimum Deposit$10 info
Tier-1 Licenses3
Tradeable Symbols (Total)5585

Capital.com delivers an innovative trading platform, powerful market research, and an impressive range of educational content. Capital.com also offers a growing number of tradeable markets, and the broker's competitive pricing puts it in the same category as the best low-cost forex brokers. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
AvaTrade
star 8.7/10 Overall
Summary Review Trading Platforms
Minimum Deposit$100
Tier-1 Licenses4
Tradeable Symbols (Total)1260

AvaTrade is a well-rounded, highly trusted broker that offers excellent educational resources for beginners and great tools for copy trading. AvaTrade's commissions and market research are about average, and traders gain access to AvaTrade's proprietary platforms and the full MetaTrader suite. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Plus500
star 8.6/10 Overall
Summary Review Trading Platforms
Minimum Deposit€100
Tier-1 Licenses6
Tradeable Symbols (Total)5500 info

Plus500 is a highly-trusted broker that delivers share trading via the Plus500 Invest platform and a good selection of CFDs via the broker’s separate Plus500 CFD platform. Though Plus500 doesn’t offer MetaTrader, we found its proprietary trading platform to be intuitive and easy to use. Plus500 is still a great choice for less demanding traders. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)No
Web PlatformYes
MetaTrader 4 (MT4)No
MetaTrader 5 (MT5)No
Pepperstone
star 8.5/10 Overall
Summary Review Trading Platforms
Minimum Deposit$0
Tier-1 Licenses3
Tradeable Symbols (Total)1726

Pepperstone is a highly trusted broker that offers a growing number of tradeable markets and support for third-party platforms such as TradingView, cTrader, a variety of copy trading platforms, and the MetaTrader suite. Traders at Pepperstone also gain access to high-quality research content in both written and video format. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
XM Group
star 8.5/10 Overall
Summary Review Trading Platforms
Minimum Deposit$5
Tier-1 Licenses4
Tradeable Symbols (Total)1394

XM Group is a trusted broker known for its robust educational materials and quality market research. Traders at XM Group gain access to the full MetaTrader platform suite along with trading tools provided by Trading Central. That said, XM Group doesn't offer any proprietary platforms, and its range of markets and trading costs could improve. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformNo
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
FP Markets
star 8.4/10 Overall
Summary Review Trading Platforms
Minimum Deposit$100 AUD
Tier-1 Licenses2
Tradeable Symbols (Total)10000

FP Markets delivers excellent pricing and access to the full MetaTrader suite, as well as cTrader and its own copy trading platform. That being said, FP Markets' pricing is not as low on its IRESS platform, which is optimized for share dealing. FP Markets fares well across most key categories, though its research and education have room to improve. Read full review

Apple iOS AppYes
Android AppNo
Proprietary PlatformYes
Desktop Platform (Windows)Yes
Web PlatformYes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Sponsored

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

What are the best Kuwait forex brokers?

We’ve tested over 60 international forex brokers and created unbiased, data-driven broker ratings to show you the best forex brokers in the industry. To help you navigate the world of forex regulations and choose a broker that you can trust, our expert research team has built a proprietary database containing over 100 global regulatory licenses and jurisdictions; that research determines each broker's individual Trust Score. Check out our top picks for the best Kuwait forex brokers:

Winner: IG

Year after year, IG has shown itself to be the best broker in the forex industry. Highly trusted and regulated in a staggering eight Tier-1 jurisdictions, IG holds a Trust Score rating of 99. Though IG does offer MetaTrader 4, IG’s proprietary web-based trading platform steals the show with its wide variety of rich features, market research, and powerful trading tools. IG also offers seamless integration of trading signals into its web platform. IG has won countless Annual Awards from our sister site, ForexBrokers.com, and is a fantastic choice for forex traders of all experience levels.

IG Trading Platform Screenshots

IG web trading platform IG web trading order window trading form chart IG web trading platform charts. IG web trading platform signals Autochartist IG web options trading platform options chain IG web options trading platform IG cryptocurrency watchlist IG MT4 desktop trading platform IG MT4 desktop trading platform charts

IG Features

  • Overall rating - 9.9/10
  • Trust Score - 99
  • Tradeable symbols - 19537
  • Minimum deposit - £250.00

Runner Up: FOREX.com

FOREX.com, part of the StoneX Group, is a highly trusted brand with a long history of offering forex in the U.S. and across the globe. We love FOREX.com's flagship trading platforms for web and desktop (TradingView's powerful charting is fully integrated within the broker's web platform), and MetaTrader loyalists will appreciate that FOREX.com offers both MetaTrader 4 and MetaTrader 5. An impressive number of CFDs are available within the broker's proprietary platform (though fewer are available on MetaTrader). FOREX.com's pricing is great for active traders, but our research found that FOREX.com is slightly expensive compared to the industry average. Overall, FOREX.com is a well-balanced choice for traders of all experience levels.

FOREX.com Trading Platform Screenshots

FOREX.com ATPro desktop trading platform FOREX.com ATPro desktop trading platform charts FOREX.com ATPro desktop trading platform layout FOREX.com ATPro desktop trading platform news headlines FOREX.com ATPro desktop trading platform trade ticket order window FOREX.com Trading View platform FOREX.com Trading View platform market order FOREX.com Web Trader platform Trading Central technical insight FOREX.com Web Trader platform watchlist FOREX.com MT5 desktop trading platform FOREX.com MT5 desktop trading platform charts

FOREX.com Features

  • Overall rating - 9.5/10
  • Trust Score - 99
  • Tradeable symbols - 5500
  • Minimum deposit - $100

Podium Finisher: XTB

XTB is a highly trusted brand that holds licenses multiple global regulatory jurisdictions, earning it a Trust Score rating of 96. XTB's proprietary xStation 5 platform delivers a rich selection of trading tools and great usability. XTB provides access to CFDs for a wide range of asset classes, including multiple cryptocurrencies. Beginner forex traders will appreciate XTB's excellent educational content and the hundreds of lessons that are available via its Trading Academy.

XTB Trading Platform Screenshots

XTB xStation 5 web platform XTB xStation 5 web platform chart layout XTB xStation 5 web platform economic calendar XTB xStation 5 web platform economic calendar XTB xStation 5 web platform contract specifications XTB xStation 5 web platform heatmap XTB xStation 5 web platform sentiment XTB xStation 5 web platform stock screener XTB xStation 5 web platform trade ticket XTB xStation 5 web platform watchlist

XTB Features

  • Overall rating - 9.2/10
  • Trust Score - 96
  • Tradeable symbols - 7184
  • Minimum deposit - $0

Compare trading costs for the best Kuwait forex brokers

Based on our own data (our independent database contains over 4,000 data points), this table compares trading costs for the top Kuwait forex brokers.

Company Accepts KW Residents Minimum Deposit Average Spread EUR/USD - Standard Average Spread EUR/USD - Mini All-in Cost EUR/USD - Active Active Trader or VIP Discounts
IG logoIG
check £250.00 0.98 info 0.98 info 0.82 info Yes
FOREX.com logoFOREX.com
check $100 1.4 info 1.4 info 0.9 info Yes
XTB logoXTB
check $0 info 1.00 info 1.00 info 1.00 info No
Capital.com logoCapital.com
check $10 info 0.67 info 0.67 info 0.67 info Yes
AvaTrade logoAvaTrade
check $100 0.93 info 0.93 info 0.61 info Yes

Comparing trading platforms between Kuwait forex brokers

Trading platforms grant access to the foreign exchange market and allow you to analyze market conditions, manage positions, and execute trades. Check out a side-by-side comparison of the trading platforms available at the best Kuwait forex brokers, based on our independent product testing.

Company Accepts KW Residents Desktop Platform (Windows) Web Platform Proprietary Platform MetaTrader 4 (MT4) MetaTrader 5 (MT5) ZuluTrade cTrader
IG logoIG
check Yes Yes Yes Yes No No No
FOREX.com logoFOREX.com
check Yes Yes Yes Yes Yes No No
XTB logoXTB
check Yes Yes Yes No No No No
Capital.com logoCapital.com
check Yes Yes Yes Yes No No No
AvaTrade logoAvaTrade
check Yes Yes Yes Yes Yes Yes No

Comparing investment options between Kuwait forex brokers

We closely monitor the availability of investment products such as forex trading (CFD and spot), stocks (CFD and non-CFD), spread betting, ETFs, and social copy trading – among many others. These investment types are tracked as variables within our extensive independent database. Check out the offering of investments at the top Kuwait forex brokers.

Company Accepts KW Residents Forex Trading (Spot or CFDs) Spread Betting Social Trading / Copy Trading U.S. Stocks (CFD)
IG logoIG
check Yes Yes No Yes
FOREX.com logoFOREX.com
check Yes No No Yes
XTB logoXTB
check Yes No No Yes
Capital.com logoCapital.com
check Yes Yes No Yes
AvaTrade logoAvaTrade
check Yes Yes Yes Yes

What is the best forex broker in Kuwait?

IG is our pick for the best forex broker in Kuwait. Founded in 1974, IG holds licenses across a number of notable global regulatory jurisdictions, and has earned an overall Trust Score rating of 99. IG's impressive offering of 19537 tradeable symbols opens up a wide variety of trading opportunities for its clients. If you are interested in opening an account, the minimum deposit to get started as a trader at IG is £250.00. We've tested and reviewed dozens of forex brokers and created unbiased, data-driven broker ratings to highlight the best forex brokers in the industry. Our overall rating for IG is 9.9/10. Read our data-driven broker reviews to learn more.

IG web trading platform IG web trading order window trading form chart IG web trading platform charts. IG web trading platform signals Autochartist IG web options trading platform options chain IG web options trading platform IG cryptocurrency watchlist IG MT4 desktop trading platform IG MT4 desktop trading platform charts

Check out a gallery of screenshots from IG's trading platforms, taken by our research team during our product testing.

Best Kuwait Forex Brokers

Here are our picks for the best forex brokers that accept Kuwait-based clients in 2024. The below table is sorted by the brokers' Overall Ratings.

Company Accepts KW Residents Overall Rating Minimum Deposit Average Spread EUR/USD - Standard Read Review
IG logoIG
check 9.9 £250.00 0.98 info IG Review
FOREX.com logoFOREX.com
check 9.5 $100 1.4 info FOREX.com Review
XTB logoXTB
check 9.2 $0 info 1.00 info XTB Group Review
Capital.com logoCapital.com
check 8.7 $10 info 0.67 info Capital.com Review
AvaTrade logoAvaTrade
check 8.7 $100 0.93 info AvaTrade Review
Plus500 logoPlus500
check 8.6 €100 1.5 info Plus500 Review
Pepperstone logoPepperstone
check 8.5 $0 1.00 info Pepperstone Review
XM Group logoXM Group
check 8.5 $5 1.6 info XM Group Review
FP Markets logoFP Markets
check 8.4 $100 AUD 1.2 info FP Markets Review

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Methodology

At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team

BrokerNotes.co

Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. With over 60 brokers reviewed, our editorial team has published thousands of words of research to help our readers make informed choices.

Steven Hatzakis

Steven Hatzakis is the Global Director of Online Broker Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

John Bringans

John Bringans is the Managing Editor of BrokerNotes.co and ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.

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