Kuwait Forex Trading Brokers

Written by Miro Nikolov

Miro Nikolov

Miro Nikolov is the co-founder of TradingPedia.com and BestBrokers.com. His mission is to help people make profitable investments by giving them access to educational resources and analytics tools.

, | Updated: September 15, 2025

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• Jump to:
• Main features of the best Kuwait Forex brokers
• Forex Legislation
• Financial Regulators
• Payment Methods
• Trading Software
• Mobile Trading
• FAQ
›

Our team of expert traders tested many regulated and trustworthy forex brokers that accept traders from Kuwait and compiled a top list of the best among them. Each broker operating in Kuwait received a quality score based on several factors, including Trustpilot rating, regulation, fees and commissions, available trading platforms, customer service and more.

1. 

   Plus500 US

   Rating: 4

   This content applies only to Plus500 US and clients from the United States. Trading futures involves the risk of loss.

2. 

   eToro

   Rating: 4.2

   61% of retail investor accounts lose money

3. 

   Fusion Markets

   Rating: 4.8

   74-89% of retail's CFD accounts lose money

4. 

   FP Markets

   Rating: 4.9

   73.85% of retail investor accounts lose money

5. 

   Global Prime

   Rating: 4.7

   74-89% of retail CFD accounts lose money

6. 

   Pepperstone

   Rating: 4.4

   75.5% of retail investor accounts lose money

Below, you can find a comprehensive comparison table of forex brokers that allow Islamic accounts for traders in Kuwait. We rank them based on several factors, including regulation, spreads and commissions, Trustpilot rating, trading instruments, trading platforms, deposit and withdrawal methods.

Our team has thoroughly evaluated all brokers listed below using TradingPedia’s exclusive methodology.

Main features of the best Kuwait forex brokers

Kuwait may be a small, Islamic state located on the tip of the Persian Gulf, but it is also one of the richest countries in the world. Although its economy is based primarily on petroleum, it also has a well-developed financial sector. Trading on the foreign exchange market is perfectly legal and, due to the loose regulation of traders, it is extremely popular among locals.

Locals are quite well-off and see the forex market as one of the most attractive ways to invest their money. To understand the specifics of the forex industry in Kuwait, we need to take into account a few essential facts about this country. It has a population of around 4.6 million people, but most of them, around 3.2 million, are expatriates who arrive in the country for better job opportunities. Kuwaitis, on the other hand, although a minority, are cared for by the state and are among the wealthiest people in the world.

With a GDP per capita of $69,669, Kuwait is the world’s eighth richest country, according to 2018 estimates. Moreover, the Kuwaiti dinar may not be traded on the forex market, but it is the highest-valued unit of currency in the world. Traders in the country prefer major pairs such as EUR/USD, GBP/USD and AUD/USD.

Kuwait forex legislation

Kuwait is an Islamic state, but unlike other GCC countries (Gulf Cooperation Council), it largely follows a civil law system, while Sharia law governs family law and applies only to Muslim residents. As a result, it does not impose the same severe restrictions on financial services as other Islamic countries. There are, of course, Islamic banks in Kuwait, but there are also conventional banks. Moreover, traders can take advantage of the regular trading accounts offered by forex brokers rather than sticking only to Islamic accounts.

Brokers in Kuwait offer Islamic accounts to observant Muslims. Islamic accounts, also known as swap-free accounts, have no rollover interest on overnight positions to comply with the Muslim faith. However, holders of Islamic trading accounts may be charged other fees and commissions. Of course, before registering with an online forex broker, traders need to make sure they understand the local law and take Kuwait’s financial legislation into account. Moreover, they should open an account only with a licensed broker that is regulated in the country. This may be a local brokerage firm or a foreign company that needs to register as a financial and monetary intermediary in the country.

Current legislation requires all offshore brokers to be licensed and authorised in the countries where they are based. This is why many of the online forex brokers available in Kuwait also hold licences from the FCA in the UK, CySEC in Cyprus, Australia’s ASIC, etc. Overall, the requirements and regulations brokers need to comply with are very similar to those across Europe, Australia and the United States.

Although the local regulatory bodies seem very liberal, they do impose severe penalties on those found in violation of any law or code of conduct. Illegal and unethical practices such as financial fraud, various scams, insider trading, etc. are penalised and, often, government authorities may become involved in the more serious cases.

Along with forex, brokers in Kuwait usually offer their clients a variety of other financial instruments, including futures and CFDs. These are financial derivatives that allow investors to trade on the price movements of different assets without actually owning them. These could include currency pairs, indices, commodities, energy products, equities and more. Usually, brokers in Kuwait offer their clients leverage up to 1:100 – there is no restriction on the leverage that can be used by traders in the country.

Kuwait’s financial regulators

There are several authorities in Kuwait that are responsible for the monitoring and regulation of the financial sector and, in particular, the financial markets. Brokers that offer their services in the country are licensed and regulated by the Ministry of Commerce and Industry. Another important body that oversees the sector is the Kuwait Chamber of Commerce and Industry (KCCI).

The main regulatory body, however, is the Central Bank of Kuwait, which was established in 1969. It issues the national currency on behalf of the state and serves as a banker to the Kuwaiti government. It is responsible for determining the financial and credit policy of the country and for maintaining the dinar stable and convertible to other currencies. However, the Central Bank also has a large number of supervisory functions.

The bank is responsible for supervising the entire financial sector in the country. It researches and analyses all new entrants, including foreign forex brokers, who wish to operate in Kuwait. The bank also conducts inspections of all regulated bodies and companies.

Kuwait forex payment methods

The vast majority of forex brokers available in Kuwait process payments through traditional bank transfers and credit cards. Traders in the country can also use plenty of other options when making a deposit or withdrawal from their trading account. These include e-wallets such as PayPal, Neteller and Skrill, although digital wallets have not yet become very popular in Kuwait.

Another good alternative is the prepaid solutions by Paysafe, including the Paysafecard, which launched in Kuwait in 2015. Still, local investors prefer more traditional payment options since practically everyone has a bank account and a card linked to it. It is hardly a surprise, then, that the most popular payment method in Kuwait remains the debit card.

Local traders have access to a wide variety of cards, including Mastercard- and Visa-branded cards. Most of them, however, have KNET cards. KNET is a Kuwaiti payment service and gateway operated by the Shared Electronic Banking Services Company (K.S.C.C.), a company established in 1992 by eight Kuwaiti banks. The idea was to connect all banking systems in the country to provide clients with faster, more secure and more efficient payments.

Today, most Kuwaiti residents have KNET debit cards (credit cards are also available but are less popular) and they can be used for digital and in-store payments almost anywhere in the country. Kuwaiti forex brokers also accept KNET payments. Traders should also consider the currencies available at the broker’s website – allowing Kuwaiti dinars as a base account currency is an obvious advantage.

Popular trading software in Kuwait

There are dozens of options when it comes to the different types and brands of trading software available. Often, traders struggle to choose a trading platform simply because they all look too similar. Indeed, nowadays, trading platforms are more or less standardised. What forex traders should look for, however, is whether the software they are reviewing supports forex trading at all.

Some platforms have been designed to offer traders analysis and access to the stock exchanges, where trading is quite different from the foreign exchange market. Forex is a global and decentralised market, and trading occurs 24 hours a day at hundreds of brokers’ websites – to access it, retail traders need to use a specific type of software. Often, the difference between long-term success and failure in trading depends on the effectiveness and overall performance of the platform.

Good trading platforms provide fast, real-time execution of orders, great charting tools, market analysis and educational features. Moreover, they give clients access to economic news, expert advice and various professional functions. Traders in Kuwait, in particular, should look for software available in Arabic – Islamic accounts are, of course, mandatory.

The most popular platform for trading forex, MetaTrader 4, is also available to Kuwaiti investors. It can be opened in Arabic, although many local traders will be comfortable with the English version as well. The key advantage of MT4, as it is also known, is its user-friendliness – it is perfectly suitable for novices and it offers a wide variety of technical indicators, automated trading, extensive tutorials and customisation options. Of course, MT4 and MT5, which are targeted towards stock traders, are available for mobile devices.

Other platforms suitable for forex are cTrader, ZuluTrade and NinjaTrader. One of the very few Arabic platforms, on the other hand, is the Dubai-based AX1. It is offered by several Kuwaiti brokers and supports mobile trading as well.

Mobile trading in Kuwait

As one of the wealthiest countries in the world, Kuwait focuses on the development and implementation of modern technologies. Mobile technologies, in particular, have slipped into every aspect of Kuwaitis’ lives and businesses. The country has one of the highest mobile penetration rates in the world – everyone has a smartphone, while 4G networks are available 88.4% of the time. Moreover, Kuwaitis now prefer to do most of their shopping and browsing directly from their phones – the government is also offering mobile versions of various services.

Of course, most traders in Kuwait also tend to open their trading accounts from their mobile devices, whether that is an iPhone, an iPad or an Android device. More importantly, the vast majority of forex brokers in the country also offer mobile trading through native apps, developed especially for this purpose. These apps can be downloaded for free directly from the broker’s website or from Apple’s App Store or Google Play. Once again, traders should look for apps available in Arabic and offering Islamic accounts.

It should be noted, however, that Kuwait has not yet built the modern infrastructure required to provide its residents with fast Internet. There are four major service providers that pay to use the fixed-line broadband infrastructure of the Ministry of Communication, which is quite slow. This slow connection, however, is usually the basis of the newer 4G and 5G networks. As you can probably guess, these mobile connections are also quite slow.