To come up with this list, we have tested multiple forex brokers Kuwait.

We opened real accounts and deposited between $4,000 and $6,000 with each broker. Also, we placed real trades in each popular market to get the actual picture. 

We also contacted customer support to see how they are able to solve the issues that we encountered. At last, we checked the withdrawal process by withdrawing our funds.

We handpicked the best forex brokers Kuwait based on our trading data and experience as a trader.

Is Forex Trading Legal in Kuwait?

Kuwait is a small but wealthy country that has been able to create an economy based on petroleum and finance. Forex Trading in the country is legal and quite popular among the locals.

Being an Islamic state, Kuwait follows rather a civil law system, means Shaira law refers to Muslim residents only. Thus, unlike in other Islamic countries, the restrictions in the country are not too tight, offering in Kuwait both Islamic banks and Conventional banks. Muslims in the country can get access to Forex Trading via Islamic (swap-free accounts).

The financial sector and Forex Trading in Kuwait are regulated by several authorized bodies. Mostly, Forex trading is strictly regulated by the Central Bank of Kuwait.

The website of the Central Bank of Kuwait is www.cbk.gov.

However, Forex brokers Kuwait are also regulated by the Ministry of Commerce and Industry. Another body that controls the sector is the Kuwait Chamber of Commerce and Industry (KCCI).

🏦RegulatorThe Central Bank of Kuwait
🛡️Is It safe to tradeYes
🔒Negative Balance ProtectionNo
💰Compensation SchemeNo

Best Forex Brokers in Kuwait

When talking about forex brokers Kuwait, traders should take into consideration, that there are brokers based in the country, as well as there are available forex brokers that accept Kuwait traders.

When choosing a broker, always pay attention to its reliability, as money safety in trading is of utmost importance. Besides safety, there are also other not less important points to pay attention to. For instance, available payment methods in the country and customer support are two essential aspects to consider carefully.

To select the best forex brokers Kuwait, we tested and reviewed multiple forex brokers. We opened a live account, deposited real money, and placed real trades with each broker. Based on our tests we were able to assess the real spreads and commissions, trading platforms, deposit and withdrawal conditions, educational resources, and other important conditions. We also considered the availability of Swap-free accounts (Islamic accounts).

Based on our tests we came up with the following best forex brokers Kuwait:

  • AvaTrade
  • Go Markets
  • Pepperstone
  • BlackBull Markets

Best Online Broker Kuwait Overall

We picked AvaTrade as the overall best forex broker Kuwait. 

AvaTrade was founded in 2006. It has headquarters in Dublin and Ireland. The broker holds licenses in Ireland, Australia, the UAE, Japan, South Africa, and the British Virgin Islands. AvaTrade offers trading with forex, indices, commodities, bonds, cryptocurrencies, stocks, and ETFs.

Mostly, AvaTrade fees are built into the spreads. The broker’s spreads on forex, stocks, commodities, and cryptocurrency CFDs are rather attractive. AvaTrade’s spreads are commonly on the lower side. The broker offers a single account. It also offers Islamic accounts for its Muslim traders.

As to the broker’s paying methods, it offers multiple options: wire transfers, credit cards, and popular e-wallets like Skrill, Neteller, and Paypal. The broker offers several trading platforms: MetaTrader 4, MetaTrader 5, WebTrader, AvaOptions, AvaTradeGo.

Best Forex Brokers for Beginners in Kuwait

We picked Go Markets as the best forex broker Kuwait for beginners.

GO Markets is a global forex broker. It was founded in 2009 and is headquartered in Australia. The broker is licensed in Australia, Cyprus, the UAE, and Seychelles. With GO Markets traders have access to hundreds of tradable instruments: Forex pairs, indices, metals, commodities, and shares.

GO Markets offers 3 account types: the Standard account, the GO Plus+ account, and the Pro account. The broker also offers Islamic accounts. GO Markets offers free and fast deposits through bank transfers, credit and debit cards, and e-wallets such as Skrill, PayPal, and Neteller.

We have picked Go Markets as the best forex broker Kuwait for beginners, as its educational section is rather good. It offers various MT4 tutorials, explaining in a detailed manner how to operate on the platforms. Also, traders have an access to special education courses. The courses are designed for beginner and experienced traders.

Best Stock Broker in Kuwait

We picked Pepperstone as the best stock forex broker Kuwait. 

Pepperstone is an Australian Forex and CFDs broker. It was founded in 2010. The broker is regulated in Australia, the United Kingdom, Cyprus, Bahamas, the UAE, and Kenya. With Pepperstone clients have access to multiple tradable instruments: forex pairs, indices, stocks, commodities, cryptocurrencies, and a currency index.

Generally, the broker charges low fees. Only fees for cryptocurrencies are on the higher side. Looking into the spreads, we found that spreads for stocks, forex pairs, and indices are lower than the industry average. Anyway, Bitcoin spreads are almost double the industry average.

The broker offers MT4, MT5, and cTrader platforms. Though the MT4 platform is a little dated, however, MT5 and cTrader are great to conduct tradings.

Best Low Spread Forex Broker in Kuwait

We picked BlackBull Markets as the best low spread forex broker Kuwait.

BlackBull Markets is a global Forex and CFDs broker, founded in 2014. It is located in Auckland, New Zealand. The broker holds licenses in New Zealand and Seychelles. With the broker, traders have access to multiple instruments in the following categories: Forex, indices, stocks, and commodities.

BlackBull Markets offers 3 account types: the Standard Account, the Prime Account, and the Institutional Account. The broker also offers Islamic accounts for its Muslim traders. For BlackBull Markets’ traders the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms are available.

We have picked BlackBull Markets as the best low spread forex broker Kuwait. Based on our test, its spreads are quite favorable. For our research, we tested BlackBull Markets’ Standard Account and found out that the spreads are pretty low.

Forex Trading Companies in Kuwait List

Besides our best picks mentioned above, we have also come up with a complete list of forex brokers Kuwait.

Forex Broker KuwaitIslamic AccountTest DetailsBroker Review
FxProYes
Deposit Amount: Over €5,000
Total Trade: 15 trades
FxPro Review
Admiral MarketsYesDeposit Amount: Over €4,500
Total Trade: 12 trades
Admiral Markets Review
BlackBull MarketsYesDeposit Amount: Over €4,000
Total Trade: 12 trades
Visit BlackBull Markets
GO MarketsYesDeposit Amount: Over €4,500
Total Trade: 12 trades
Go Markets Review
ActivTradesYesDeposit Amount: Over €5,000
Total Trade: 12 trades
ActivTrades Review
XMYesDeposit Amount: Over €5,000
Total Trade: 12 trades
XM Review
FXTMYesDeposit Amount: Over €6,000
Total Trade: 12 trades
FXTM Review
ICM CapitalYesDeposit Amount: Over €5,000
Total Trade: 12 trades
ICM Capital Review
TickmillYesDeposit Amount: Over $8,000
Total Trade: 12 trades
Tickmill Review
XTBYesDeposit Amount: Over €5,000
Total Trade: 12 trades
XTB Review
RoboMarkets (RoboForex)YesDeposit Amount: Over €5,000
Total Trade: 12 trades
RoboMarkets (RoboForex) Review
PepperstoneYesDeposit Amount: Over €6,000
Total Trade: 12 trades
Pepperstone Review
FBSYesDeposit Amount: Over €5,000
Total Trade: 12 trades
FBS Review
GKFXYesDeposit Amount: Over €5,000
Total Trade: 15 trades
GKFX Review
DarwinexYesDeposit Amount: Over €5,000
Total Trade: 12 trades
Darwinex Review
IC MarketsYesDeposit Amount: Over €5,000
Total Trade: 12 trades
IC Markets Review
ThinkMarketsYesDeposit Amount: Over €5,000
Total Trade: 15 trades
ThinkMarkets Review
FP MarketsYesDeposit Amount: Over €6,000
Total Trade: 12 trades
FP Markets Review
Amana CapitalYesDeposit Amount: Over €5,000
Total Trade: 12 trades
Amana Capital Review
AvaTradeYesDeposit Amount: Over €4,000
Total Trade: 21 trades
AvaTrade Review
Vantage FXYesDeposit Amount: Over €5,000
Total Trade: 15 trades
Vantage FX Review
INFINOXYesDeposit Amount: Over €4,000
Total Trade: 9 trades
INFINOX Review

FAQ and More on Forex Trading in Kuwait

Traders usually have many questions related to forex brokers Kuwait. We tried to pick and answer some of the most important queries related to the forex brokers available in the country.

How to Verify Kuwait Regulated Broker

In order to provide investment services and activities in Kuwait, the broker should be regulated. Regulated brokers comply with certain rules and requirements that are essential for safety and reliability. To verify a Kuwait-regulated broker is quite easy. In fact, in the country, there are three regulatory bodies that control Forex trading in Kuwait. As mentioned above, these regulatory bodies are the Central Bank of Kuwait, the Ministry of Commerce and Industry, and the Kuwait Chamber of Commerce and Industry. In fact, all the traders have to do, is check on the regulator’s website the availability of the broker they want to conduct their trades.

However, there is another option of verifying a forex broker Kuwait. Traders can check the information on the broker’s website. Generally, all forex brokers list the available and restricted countries, so it is quite easy to find the information.

Central Bank of Kuwait - official website

Kuwait ECN Forex Brokers

ECN brokerage accounts provide traders with direct access to the automated network. These brokers are non-dealing brokers. Commonly they do not take any position against their clients’ trades.

Based on our tests we were able to come up with ECN forex brokers Kuwait:

  • BlackBull Market
  • FXTM

Tax in Kuwait for Forex Trading

Generally, in Kuwait Forex trading is subject to taxation. The capital gains on the sale of assets and shares by foreign shareholders are treated as normal business profits. These taxes must be paid at a 15% rate.

Traders in Kuwait should remember, that it is totally up to them to submit tax forms to the relevant institution in the country. This means, that all the implications of tax avoidance will bear the traders. Not to face further complications and fines, traders are encouraged to keep clear records and submit annual tax reports.

Author of this review

By George Rossi

Author of this review

I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

Now I am passionate about reviewing and comparing forex brokers.

Everything you find on BrokerTested is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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