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Affiliate Disclosure
Affiliate Disclosure adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.

Best Forex Brokers in Kuwait

Forex trading continues to rise in popularity in Kuwait, with the concept of currency exchange remains deeply anchored in this high-income economy with its large expat population. Below I present a shortlist of the most competitive Forex brokers operating in Kuwait and a guide for beginner Forex traders in Kuwait in choosing a broker and getting started.

The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Transparent swap-free Islamic accounts with mention of potential fees
Proprietary mobile app, FXTM Trader, & ultra-low trading costs.
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Swap-free Islamic trading accounts for MT4/MT5 following request and approval.
MAM/PAMM module for account management & choice of copy trading services
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
High level regulation in multiple jurisdictions
Impressive range of tradeable assets including vanilla options and gold options
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
16 payment processors in 16+ currencies, including several cryptocurrencies
High-quality research and educational content for beginners & 24/5 customer support.
The ratings shown on are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Choice of payment processors, including cryptocurrencies & instant deposits
Competitive trading fees in the Multibank ECN account

Best Kuwait Brokers Comparison

Year Established
Execution Type(s)
ECN/STP, Market MakerECN/STPMarket MakerECN/STP, Market MakerECN/STP
Minimum Deposit
Average Trading Cost EUR/USD
0.1 pips1.1 pips0.9 pips1.1 pips ($11.00)0.1 pips
Average Trading Cost GBP/USD
0.2 pips1.4 pips1.5 pips1.1 pips ($11.00)0.5 pips
Average Trading Cost Gold
$0.18 $0.21 $0.29 $0.15 $0.02
Trading Platform(s)
MetaTrader 4, MetaTrader 5, Proprietary platformMetaTrader 4, MetaTrader 5, cTrader, Proprietary platform, Web-basedOther, MetaTrader 4, MetaTrader 5, Web-based+MetaTrader 4, MetaTrader 5MetaTrader 4, MetaTrader 5, cTrader
Islamic Account
Negative Balance Protection


In Summary Best all-around broker with high floating leverage and fast execution

We have made FXTM one of our top-rated brokers because in addition to its lengthy track record, it enjoys a very high level of regulation and reputation, and it offers a highly competitive fee structure which tends to keep down the cost of trading.

Read more on FXTM »
4.9/5 in this category

Pros & Cons

  • Excellent commission-based Forex pricing environment and transparency
  • Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
  • Quality market research and educational content for beginner traders
  • A highly regulated broker with a tier-1 license
  • No cryptocurrencies and limited choice of commodities

FP Markets

In Summary ECN trading with leverage up to 1:500

fpmarkets is an ASIC-regulated Australian brokerage which launched in 2005. For most traders, the unique selling point of this broker is in the extremely wide range of tradable assets offered, providing the opportunity to trade over ten thousand individual stocks and shares including publicly quoted Hong Kong and Australian companies. Ffpmarkets also offers 60 Forex pairs and crosses, 11 equity indices, the major commodities, and 5 cryptocurrencies including Bitcoin. fpmarkets offers an unusual hybrid ECN/STP execution model, meaning their clients can choose between ECN style of execution giving a very high level of speed, and a “straight through processing” execution style which allows for more “natural” spreads.

Read more on FP Markets »
4.8/5 in this category

Pros & Cons

  • Choice of trading platforms and auxiliary trading tools
  • Very competitive cost structure and excellent asset selection
  • Low minimum deposit requirement and leverage of up to 1:500
  • Well-regulated and trustworthy
  • Availability of Iress geographically restricted


In Summary Highly regulated, choice of fixed or floating spreads

AvaTrade is one of the largest Forex / CFD brokers and well-known for offering their clients a choice of fixed or floating spreads. They have a very high and strong level of regulation. AvaTrade is directly regulated in Ireland (and by extension, the European Union), Australia, Japan, South Africa, and the British Virgin Islands. Outside the European Union, Ava offers maximum leverage on Forex currency pairs as high as 400 to 1. AvaTrade offers trading in over 55 different Forex currency pairs, 17 commodities, 20 equity indices, 14 cryptocurrencies, plus 66 individual stocks and shares. 2 bonds and 6 ETFs are also on the menu.

Read more on AvaTrade »
4.7/5 in this category

Pros & Cons

  • High-quality educational offering via SharpTrader
  • Excellent choice of trading platforms catering to various trading needs
  • Broad asset selection and cross-asset diversification opportunities
  • Well-regulated and trusted broker with oversight from a central bank
  • Trading costs competitive but nothing special

ACY Securities

In Summary Swap-free trading with the MT5 trading platform

ACY Securities upgrades MT4/MT5 with Capitalise AI and 15 quality plugins. Capitalise AI supports algorithmic trading in a code-free environment and is the most advanced trading tool available, making ACY Securities one of the best Forex brokers. Low-latency 24/5 market access exists via VPS hosting. Copy traders may use the embedded MT4/MT5 services or diversify via Signal Start and SoFinX.

The commission-based trading accounts offer competitive trading fees with raw spreads from 0.0 pips for a commission of $6.00 for ProZero and $5.00 for Bespoke. Traders also benefit from fast order execution under 30ms via 46 liquidity providers.

Read more on ACY Securities »
4.7/5 in this category

Pros & Cons

  • Large repository of daily analysis and educational content
  • Low spreads starting at 0 pips in the Spread Zero account
  • 16 payment processors, including cryptocurrencies
  • Competitive trading fees in its commission-based accounts
  • Only 1 regulator

MultiBank Group

In Summary Deep liquidity with no trading restrictions

MultiBankFX complies with 10 regulators and operates offices in 20 countries, ensuring clients have an unmatched global network with deep liquidity pools across major financial centers and in core emerging markets. Traders get the MT4/MT5 trading platforms, which fully support algorithmic trading, and a proprietary copy trading service. The asset selection consists of 55+ currency pairs and 20,000+ equity CFDs and ETFs, while cryptocurrency traders get eleven highly liquid coins. MAM/PAMM accounts cater to traditional retail account management, VPS hosting to algorithmic traders, and FIX API trading to advanced trading requirements featuring custom solutions. A high-paying partnership program also exists.

Read more on MultiBank Group »
4.6/5 in this category

Pros & Cons

  • 20,000 assets offering broad coverage of financial markets
  • Raw spreads from 0 pips and maximum leverage of 1:500
  • MAM/PAMM accounts and proprietary copy trading platform
  • ECN trading with deep liquidity and no requotes
  • Access to raw spreads requires a $5,000 minimum deposit on the ECN account

Is Forex Trading Legal in Kuwait?

Forex trading is legal in Kuwait, and the Central Bank of Kuwait regulates the domestic financial market. Since almost 60% of the population living in Kuwait are foreign nationals on work visas from 100 countries, Forex transactions are part of everyday life. Estimates as recent as 2019 claim tens of thousands of Kuwaiti Forex traders for reasons other than necessity. The young and tech-savvy population continues to embrace the opportunities of Forex trading.

While Kuwait has domestic brokerage houses, there are no legal restrictions on Kuwaiti resident Forex traders opening accounts with international Forex brokers, which is where most conduct their trading. Some have representative offices in the GCC region, and a few offer funding and withdrawal options through domestic payment processors, although most Kuwaiti resident Forex traders use US Dollar-denominated trading accounts

Forex Trading Regulations in Kuwait

The Central Bank of Kuwait (CBK) regulates the domestic financial market, the Kuwaiti stock exchange, the Ministry of Finance, and the Ministry of Commerce and Industry. The CBK enforces a strict currency system and ranks among the most trusted GCC central banks, founded in 1968, with currency reserves exceeding $25 billion.

Some of the CBK’s functions and supervisory roles are:

  • Banker and financial advisor to the State of Kuwait
  • Managing and maintaining the Kuwaiti Dinar, ensuring free conversion to other currencies
  • Supervising, organizing, developing, and improving the banking system
  • Conducting inspections of all CBK-regulated entities, ensuring compliance, and enforcing rules and regulations
  • Directing monetary policy to enhance economic and social progress
  • Analyzing new entrants to the Kuwait financial system
  • Supervising mediation processes


  • Kuwaiti resident Forex traders may opt for a CBK-regulated broker but are free to open trading accounts with international brokers, where trading conditions are often more competitive.

How to Choose a Forex Broker in Kuwait

While Kuwaiti Forex traders can trade with a domestic CBK-regulated broker, they are also free to opt for a well-regulated international alternative.

Here is what to look for when choosing a Forex broker in Kuwait:

1. Regulation and Security – Kuwaiti resident Forex traders should always ensure they trade with a regulated Forex broker with more than ten years of experience and a spotless regulatory record.

2. Islamic Account Fairness - Kuwaiti resident Forex traders wishing to open Islamic trading accounts should make sure the offer does not unfairly increase their trading costs or impose time limits or other unfair measures.

3. Trading Costs - Anything above $7 per standard lot for major currency pairs during the most liquid trading periods indicates above-average trading costs.

4. Asset Selection - The best Forex brokers in Kuwait will offer 60+ currency pairs.

5. Trading Platforms - Algorithmic and copy trading support are essential signs of an innovative trading platform, although every trader will not require them.

6. Deposits & Withdrawals - Online payment processors and cryptocurrencies should provide secure, low-cost options.

What is the Best Trading App in Kuwait?

Kuwaiti resident Forex traders should look for the below functions and services to find the best trading app in Kuwait.

The best trading app in Kuwait will offer:

  • Algorithmic trading support
  • Copy trading functions
  • Fast order execution
  • Deep liquidity
  • Low trading costs
  • Volume-based rebate programs

How to Open a Forex Trading Account in Kuwait

Opening a Forex trading account in Kuwait requires the below steps:

1. Select one of the best Forex brokers in Kuwait from our list.

2. Get access to the back office by completing the online registration form.

3. Upload a copy of the ID and one proof of residency document to pass mandatory AML/KYC requirements, which verifies the account holder, and activates the account, including the ability to deposit and withdraw.

4. Funding the account completes the Forex account registration and enables Kuwaiti resident Forex traders to buy and sell currency pairs using leverage. The minimum deposit depends on the broker, but Kuwaiti traders should ideally deposit at least 500 KWD and consider additional monthly deposits if possible.

What is the minimum deposit amount at Kuwait Forex Brokers?

Although the minimum deposit amount at competitive Forex brokers in Kuwait ranges between $50 and $500, or roughly 15 KWD to 150KWD, trading with such small amounts usually leads to worse outcomes than using better-funded account sizes.

While Forex traders can benefit from leverage and require less capital to open a portfolio, Forex traders should have well-funded accounts to support leveraged traded and diversify their portfolios. There is no magic number, but a Forex account below $5,000 or 1,650 KWD can only support transaction sizes that generate small profits, not warranting the effort necessary to achieve them, which generally leads to excessive risk-taking to compensate.

Successful Forex traders understand the importance of building portfolios, and they invest years into it, combining organic profits with follow-on deposits before considering withdrawals. Profitable Forex trading relies on scale, leverage, risk management, and profit sustainability.

What Is the Best Time to Trade Forex in Kuwait?

While the Forex market operates 24/5, some periods offer more liquidity, which usually results in tighter spreads, and, therefore, lower trading costs.

The best times to trade Forex in Kuwait are:

  • 3 a.m. - 4 a.m. (First hour of the Tokyo trading session)
  • 8 a.m. - 9 a.m. (Last hour of the Sydney trading session)
  • 10 a.m. - Noon (The first two hours of the London trading session and the last hour of the Tokyo trading session)
  • 5 p.m. - 7 p.m. (First two hours of the New York trading session and the last two hours of the London trading session)
  • 9 p.m. - 12 p.m. (The last two hours of the New York trading session and the first hour of the Sydney trading session)

Most traders will miss the first two periods but would be able to actively participate in the third and fourth, which are prime Forex trading periods. The fifth period can also provide Kuwaiti resident Forex traders with attractive opportunities.

What Are the Advantages and Disadvantages of Forex Trading in Kuwait?

Before trading Forex in Kuwait, first-time traders should weigh the advantages and disadvantages of Forex trading in Kuwait, allowing them to make an informed decision. Kuwait heavily depends on oil exports for economic health and stability, and any potential issue can have severe ripple effects, impacting trading decisions related to Forex.

The advantages of Forex trading in Kuwait:

  • High-income economy
  • The Kuwaiti Dinar is one of the strongest global currencies
  • Oil revenues counter the negative impacts of imports, ensuring a fiscally stable economy
  • Low capital entry requirements
  • A trustworthy regulator maintains a competitive trading environment
  • No restrictions on opening trading accounts with international brokers
  • Almost 60% of the Kuwaiti population are foreigners with work visas, embedding the concept of currency exchange

The disadvantages of Forex trading in Kuwait:

  • Frauds and scams can target beginner traders
  • Underfunded accounts nurture risky portfolios
  • Absence of risk management results in trading losses
  • Beginners underestimate the importance of psychological factors

Bottom Line

Our analysis of Forex trading in Kuwait confirmed the growing trend of the retail Forex market in Kuwait, where a young and tech-savvy crowd favors algorithmic trading, copy trading, and account management services. The local regulator, the Central Bank of Kuwait (CBK), maintains strict oversight and ranks among the most trusted ones in the GCC and the Middle East but does not restrict competitiveness. Kuwaiti resident Forex traders are free to open trading accounts with international brokers. More brokers open representative offices in the GCC, employ introducing brokers, or rely on affiliates to grow their market share.

Beginner traders should begin with education, as it should help develop a realistic and profitable approach to trading, and an effective avoidance of low-quality brokerages. Kuwaiti Forex traders should ensure their Forex brokers offers genuine Islamic accounts, if required. They should look to trade with one of the best Forex brokers in Kuwait, offering deep liquidity, fast order execution, negative balance protection, and low trading costs.

You might also be interested in reviewing the below top brokers:


Is Forex trading legal in Kuwait?


Forex trading is legal in Kuwait, continues to gain popularity, and the Central Bank of Kuwait ensures a competitive trading environment.

Can you trade in Kuwait?


It is possible to trade in Kuwait through either domestic brokers, which rank among the best in the region, or international brokerages.

What is the best trading platform in Kuwait?


The best trading platform in Kuwait offers algorithmic and copy trading support, high leverage, low trading costs, deep liquidity, negative balance protection, and additional benefits to high-volume traders.

Do Forex traders pay tax in Kuwait?


Kuwaiti Forex traders must consult a licensed professional to seek tax advice and ensure they pay the proper amount which may be due.

What time does the Forex market open in Kuwait?


The Forex market is open 24/5, but the unofficial start is the opening bell of the Boursa Kuwait at 9 a.m.

What payment methods do Kuwait Forex brokers support?


Kuwaiti Forex brokers accept bank wires, credit/debit cards, online payment processors, and cryptocurrencies. Team
About Team
The team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.