Forex Brokers in Kuwait

Richard Montana | November 24, 2022

Forex trading in Kuwait is popular amongst residents who are looking to buy and sell currencies to speculate on the fluctuating currency market prices. Whilst international forex brokers can accept traders in Kuwait as clients, forex brokers in Kuwait are required to become authorised by the Capital Markets Authority Kuwait (CMA). The CMA is a regulating body charged with the prime responsibility of supervising, licensing and monitoring the activities of market intermediaries, including the stock exchange and the central depository and settlement system and all the other persons licensed under the Capital Markets Act.

Best forex brokers Kuwait

To find the best forex brokers in Kuwait, we created a list of all the forex brokers that accept clients in Kuwait and then ranked them based on our overall rating. You can see our list of our top forex brokers for Kuwait below.

Broker
Rating
Regulated
Min. Deposit
Founded
Max. Leverage
1.

ADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSA

$100

2006

1:400

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
2.

ASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFA

$250

1974

1:200

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
3.

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

$200

2010

1:400

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
4.

ASIC, CySEC, DFSA, IFSC

$5

2009

1:888

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
5.

ASIC, CySEC, FSA, SCB

$200

2007

1:500

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

CMA forex brokers in Kuwait

The Kuwait modern financial market was established in 1991. It offers a secure and safe environment for trading forex, stocks, and other commodities. This Middle Eastern country is strategically located, with Iraq and Saudi Arabia on its borders. The Central Bank of Kuwait (CBK) controls the trading markets. It imposes strict laws on its brokers to ensure the safety of the investors.

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 its 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.

Established in 1969, the Central Bank of Kuwait (CBK) is responsible for monitoring and regulating Kuwait’s financial system and the Kuwaiti Dinar exchange rates.

The CMA is committed to setting supervisory and controlling regulations which support an attractive and competitive investment environment in the State of Kuwait; based on the principles of fairness, transparency, and integrity according to the best international practice.

Their mission is to be a leading regulatory authority which works on developing and supervising the activities of capital markets in the State of Kuwait, and creating an attractive investment environment that obtains investors’ trust.

How to verify CMA regulated brokers in Kuwait

You can find an authorised broker’s license number from the disclosure text at the bottom of their homepage. You can then look up the authorisation number on the CBK/CMA website to confirm if the forex broker is regulated in Kuwait to provide online forex trading products and services.

Some Kuwait forex brokers are regulated in more than one jurisdiction so that they can offer a different range of trading accounts and conditions depending on the location of the trader and regulated entity that they choose to open a forex trading account with.

All financial operations in Kuwait are based on Sharia law, which has formed the foundation of the Islamic economy. Sharia law is based on principles of ethics and transparency. It notably strictly prohibits the collection and payment of interest. If you follow the Muslim faith then you might want to look for a forex broker with Islamic swap-free accounts.

About the Author

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Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.


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