Bahrain Forex Broker

Bahrain is in constant development and growth and is considered one of the leading economies of the Middle East. The main source of the country’s income is oil and its exportation. As the demand for currency trading rises in Bahrain, an increasing number of forex brokers are welcoming clients from the nation.

Forex Platform in Bahrain

Overall, Forex trading is legal and regulated by the country’s central bank in Bahrain. Traders looking to begin can select from a growing number of forex brokers that tailor their platforms to meet their needs.

  • While the regulator might lack extensive experience in overseeing Forex brokers, it’s advisable to consider international brokers. Regulatory bodies like FCA, CySEC, and others have a deeper expertise in regulating such entities.
  • Opt for brokers not exclusively based in offshore locations to minimize the risk of encountering frauds and scams.

Read more about Forex Trading via Wikipedia.

Bahrain Trading ProsBahrain Trading Cons
Growing Forex MarketLack of comprehensive regulation
Economical StabilityEmerging market volatility
Strategic Time ZoneLack of Awareness
Global market accessCultural Aspects

Bahrain Forex Regulator

In Bahrain, there is no special regulation for forex trading. However, it is possible to trade in the country. The body that regulates Bahrain’s Financial market is the Central Bank of Bahrain. The main mission of the CBB is to maintain the country’s monetary and financial stability.
The interest in Forex trading is constantly growing in the country.

The official website of the Central Bank of Bahrain is www.cbb.gov.bh. you can also follow them on Twitter to keep yourself posted about regulatory updates — @CBB_News

Read our notes regarding Bahrain’s regulatory scene and how to effectively Trade Forex in Bahrain:

  • In the country, there exists a capital market – the Bahrain Stock Exchange. In this market stocks, securities, and other financial assets are exchanged, following strictly the CBB’s regulations. However, online forex and CFD trading do not fall under any regulation.
  • Bahrain’s financial rules are strictly based on Sharia laws, and forex traders, as well, should follow these rules.
  • Forex traders residing in Bahrain should assess not only the availability but also the fairness of swap-free or Islamic options when considering brokers
  • If Bahrain residents want to try Forex Trading, they must sign with an international broker. To be safe, traders are recommended to pick only a tightly regulated broker that is regulated by one of the following regulators – FCA, CySEC, and ASIC. (Read Why Trade with UK FCA Brokers)
  • Starting to trade in Bahrain as a rookie trader entails educating oneself on the basics of the trading market and deciding on a trading style, be it day trading, swing trading, or long-term investment. It’s essential to research and choose a reliable broker, preferably one with robust international regulations.
  • Begin with a demo account to familiarize yourself with the platform and develop a strategy. Always prioritize risk management and stay informed about relevant economic news to make informed decisions.

Read more about the Central Bank of Bahrain on Wikipedia.

the central bank of bahrain

Top 5 Best Forex Brokers in Bahrain

Our list of brokers in Bahrain features regulated entities that cater to Bahraini traders via their international branches and are deemed secure for investment. Their selection is based on specified criteria and Trust Scores:

  • HFM — Best Overall Broker in Bahrain 2024
  • BlackBull Markets — Best Broker for Beginners in Bahrain 2024
  • FP Markets — Lowest Spread Broker in Bahrain 2024
  • Eightcap — Best Platform in Bahrain 2024
  • BDSwiss — Best for SwingTrading in Bahrain 2024

What is the Currency of Bahrain, Can I Trade it?

The official currency of the country is the Bahraini dinar. The exchange rate for 1 dinar is equal to USD is $2.65. It is considered one of the most valuable currencies in the world. To see, if it is possible to trade it in forex, traders should check the broker’s offerings.

Are Bahrain Brokers legal and safe?

Taking into consideration the fact, that forex trading is not yet legal in Bahrain, traders are recommended to sign only with trustworthy and tightly regulated brokers that hold licenses from the world’s top-tier bodies. In this case, trading forex will be safe.

What Time Does the Sock Market Open in Bahrain?

Trading takes place from Sunday to Thursday between 9:30 am and 1:00 pm, or as stipulated by BHB. A pre-opening phase for securities in the Main Market & Initial Listing Market begins at 9:15 am.

Brokers Forex Bahrain List

These are the regulated brokers that accept clients from Bahrain through their international branches. Ensure that these brokers also hold top-tier licenses for added assurance.

Broker Detail
HFM Logo HFM
Min. Deposit: 0 US$
Max. Leverage: 1:2000
Trading Platforms: MT4, MT5, HFM Trading App
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
1
HFM Review
BlackBull Markets
Min. Deposit: 0 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: FMA, FSA
2
BlackBull Markets Review
FPM logo FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:30
Trading Platforms: IRESS, MT4, MT5, cTrader
Regulation: ASIC, CySEC, St. Vincent and the Grenadines, FSP, CMA
3
FP Markets Review
Eightcap
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, TradingView
Regulation: ASIC, SCB, CySEC, FCA
4
Eightcap Review
BDSwiss Review BDSwiss
Min. Deposit: 10 US$
Max. Leverage: 1:400 | 1:2000
Trading Platforms: MT4, MT5, BDSwiss Webtrader, and BDSwiss Mobile App
Regulation: FSC, FSA, FSCA, MISA
5
BDSwiss Review
GO Markets
Min. Deposit: 0 US$
Max. Leverage: 1:30, 1:500
Trading Platforms: MT4, MT5, cTrader, WebTrader
Regulation: ASIC, CySEC, FSC, FSA
GO Markets Review
Errante Review Logo Errante
Min. Deposit: $€50
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader
Regulation: CySEC, FSA
Errante Review
Pepperstone Review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 to 1:400
Trading Platforms: MT4, MT5, cTrader, TradingView
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
Pepperstone Review
FXCC Review FXCC
Min. Deposit: No minimum deposit
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, SVG FSA
FXCC Review
Octa
Min. Deposit: $25
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, Octatrader
Regulation: CySEC, SVGFSA, FSCA
Octa Review