Kuwait Forex Brokers

Kuwait’s financial sector is stable and well-developed as it based primarily on petroleum. Kuwaitis are mostly wealthy people and see Forex market as a good way to invest their funds. Forex trading is completely safe and legal and quite popular among residents of the country.

Forex Regulation in Kuwait

There are three authorities in Kuwait that are focused on monitoring and regulation of the financial markets and financial sector in general. However, each authority has it own important function.

The Ministry of Commerce and Industry is responsible for licensing and regulating brokers who offer their services in Kuwait. The Kuwait Chamber of Commerce and Industry (KCCI) also controls the sector. However, the main regulatory body is the Central Bank of Kuwait, which supervises the entire financial sector in Kuwait. You can visit its official website www.cbk.gov.

• Since Kuwait is an Islamic state, it follows Sharia law and requires Kuwaiti traders to open swap-free (Islamic) accounts in order to trade Forex feely.

Best Forex Brokers in Kuwait

Here’s our list of Brokers in Kuwait consists of the Regulated brokers only, which are advised and safe to invest with, also defined according to the specified criteria and its Trust Scores.

• BDSwiss– Best Overall Broker in Kuwait 2023
• Pepperstone – Lowest Spread Broker in Kuwait 2023
• BlackBull Markets – Best MT4 Broker in Kuwait 2023
• FP Markets – Best Broker for Beginners in Kuwait 2023
• HFM – Best for Scalping and EA Trading 2023

Is forex trading in Kuwait halal?

Forex trading is allowed and legal in Kuwait. A lot of brokers offer Islamic (swap-free) accounts to religious Muslims, allowing them to trade Forex and other financial instruments.

Kuwait Forex Brokers List

These are the regulated brokers that accept clients from Kuwait:

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