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Best Forex Brokers Kuwait 2022

Marcus Taylor

Written by Marcus Taylor

September 08, 2022

Kuwait is a small emirate strategically located between Saudi Arabia and Iraq at the head of the Arabian Gulf. The country's financial sector began its modern history after the Iraqi invasion of 1991, which was repelled by a coalition led by the United States and is one of the six members of the Gulf Cooperation Council (GCC).

The primary stock market in Kuwait is called Boursa Kuwait and is located in Kuwait City. It was previously known as the Kuwait Stock Exchange (KSE) prior to 2014. Currently, the stock exchange is in the process of being privatised, before an initial public offering (IPO) is available to Kuwaiti citizens.

The Boursa Kuwait breaks down its equity listings into Premier, Main and Auction markets. It operates an Over the Counter (OTC) service intended for local stocks of companies which are not listed on the main market, in addition to corporate bonds and sukuk or Islamic bonds that are structured in compliance with Sharia law.

The primary broad stock index for Boursa Kuwait is the market cap weighted All Share Market Index that tracks the price performance of all stocks listed on the exchange. Other major indices, that are also market cap weighted, are the Premier Market Index and the Main Market Index which respectively track the performance of stocks listed on the Premier and Main markets of the Boursa Kuwait.

The Kuwaiti dinar (KWD), Kuwait's national currency is managed and issued by the Central Bank of Kuwait (CBK). The dinar is a valuable and relatively stable currency that is further subdivided into 1,000 smaller units known as fils. As of June 2007, the Kuwaiti dinar has been pegged to an undisclosed basket of other currencies, and its peg is managed by the CBK.

In 2016, the Bank for International Settlements (BIS) did not rank the dinar among the 35 most actively traded currencies worldwide. Furthermore, the KWD did not rank among the top currencies held as central bank reserves in 2018, according to a report by the International Monetary Fund (IMF).

The CBK is the primary financial sector regulatory authority in Kuwait, overseeing the regulation of financial firms and the local stock exchange with the aim to protect Kuwaiti investors and the country's economy from global capital market volatility. As of 2010, the country's securities markets are further regulated by the Capital Markets Authority of Kuwait with the mandate to ensure local securities law compliance and regulate securities activities in a fair, efficient and transparent way.

The CBK regulates forex brokers under regulatory guidelines issued by the Kuwaiti government, providing licenses to brokers who have the threshold amount of capital, as well as demonstrate good business practices. The CBK also runs a consumer protection unit that accepts and follows up on consumer complaints against financial services firms.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Online Brokers for Kuwait

  • IG
    - 9.7/10 Overall
  • FOREX.com
    - 8.7/10 Overall
  • XTB - 8.7/10 Overall
  • AvaTrade - 8.2/10 Overall
  • Admiral Markets - 8.1/10 Overall
  • IC Markets - 8/10 Overall
  • Markets.com - 8.1/10 Overall
  • XM Group - 8/10 Overall
  • Pepperstone - 8/10 Overall
  • Tickmill - 7.8/10 Overall
  • HYCM (Henyep) - 7.7/10 Overall
  • HFM - 7.6/10 Overall
  • Eightcap - 7.2/10 Overall
  • ThinkMarkets - 7.3/10 Overall
  • BlackBull Markets - 7/10 Overall
Overall Rating
9.7 / 10
Minimum Initial Deposit
£250.00
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.86 (September 2022)
All-in Cost EUR/USD - Active0.5957 (September 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1974
Publicly Traded (Listed)Yes
BankYes
Tier-1 Licenses7
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)19537
Forex Pairs (Total)100
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)33
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.7 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.0 (July 2022)
All-in Cost EUR/USD - Active1.0 (July 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)No
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1999
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses4
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)5500
Forex Pairs (Total)91
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingNo
Charting - Indicators / Studies (Total)203
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.7 / 10
Minimum Initial Deposit
$0
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.07 (Q3 2022)
All-in Cost EUR/USD - Active1.04 (Q3 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2002
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses1
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)12000
Forex Pairs (Total)49
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)No
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)39
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.2 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.91 (Aug 2020)
All-in Cost EUR/USD - Active0.61 (Aug 2020)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2006
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses4
Tier-2 Licenses3
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)1260
Forex Pairs (Total)55
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)90
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.1 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.8 (July 2021)
All-in Cost EUR/USD - Active0.7 (July 2021)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2001
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)8425
Forex Pairs (Total)50
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8 / 10
Minimum Initial Deposit
$200
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.62 (August 2021)
All-in Cost EUR/USD - Active0.62 (August 2021)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2007
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses1
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)3583
Forex Pairs (Total)61
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8.1 / 10
Minimum Initial Deposit
$100
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
98
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.9 (as of Oct 2019)
All-in Cost EUR/USD - Active1.9 (as of May 2019)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded1999
Publicly Traded (Listed)Yes
BankNo
Tier-1 Licenses2
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsNo
Tradeable Symbols (Total)2179
Forex Pairs (Total)57
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformYes
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)89
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsNo
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8 / 10
Minimum Initial Deposit
$5
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard1.6 (Aug 2020)
All-in Cost EUR/USD - Active0.8 (Aug 2021)
PayPal (Deposit/Withdraw)No
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2009
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses1
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)1372
Forex Pairs (Total)57
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)30
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


Overall Rating
8 / 10
Minimum Initial Deposit
$200
Trust Score
Trust Score is a numerical rating (from 1 - 99) that represents a broker's overall trust.close
Highly Trusted
Cost & Fundingexpand_moreexpand_less
Average Spread EUR/USD - Standard0.77 (September 2022)
All-in Cost EUR/USD - Active0.87 (September 2022)
PayPal (Deposit/Withdraw)Yes
Skrill (Deposit/Withdraw)Yes
Visa/Mastercard (Credit/Debit)Yes
Regulationexpand_moreexpand_less
Year Founded2010
Publicly Traded (Listed)No
BankNo
Tier-1 Licenses2
Tier-2 Licenses2
Investment Optionsexpand_moreexpand_less
Forex TradingNo
Mobile Trading - Forex or CFDsYes
Tradeable Symbols (Total)1200
Forex Pairs (Total)62
BitcoinYes
Trading Platformsexpand_moreexpand_less
Virtual Trading (Demo)Yes
MetaTrader 4 (MT4)Yes
MetaTrader 5 (MT5)Yes
Proprietary PlatformNo
Social Trading / Copy TradingYes
Charting - Indicators / Studies (Total)15
Apps & Toolsexpand_moreexpand_less
Android AppYes
Apple iOS AppYes
Has Education - Forex or CFDsYes
Daily Market CommentaryYes
Forex News (Top-Tier Sources)Yes
Economic CalendarYes


How to Trade in Kuwait

While few reputable online forex or CFD brokers are based in Kuwait, traders living in Kuwait can generally deposit funds to trade online using margin accounts held by non-Kuwaiti brokers who are open to accepting them as clients. However, selecting a broker regulated by the CBK offers certain benefits such as the broker having to maintain a positive local reputation, and could potentially allow for any local resolution of litigation in case of a problem.

Moreover, it is important to note that a foreign broker needs to be competently regulated in a strict jurisdiction. Brokers should keep their clients' funds separated from their own, helping safeguard the clients' assets and uphold good governance. Additionally, brokers should also have a decent range of services and a good general reputation with clients.

Another aspect to verify is if the broker provides a demo account. Many online brokers provide demo accounts with virtual money allowing clients to explore their services, practice trading and try out strategies. Additionally, brokers also provide funded accounts where traders make a minimum deposit to enable them to start trading live. Brokers regulated by the CBK should also provide Islamic accounts that are Sharia compliant with no swaps on rollovers.

If having the broker's website and customer service available in Arabic is an important consideration, then make sure to ask about that service before opening an account. Almost all online brokers will provide a website and customer service in English, although many may also offer website text translated into Arabic.

With respect to the asset classes available to trade online, the choices can differ notably between brokers. While almost all online brokers provide some type of forex trading service, many traders prefer those that allow contract for difference (CFDs) trading since CFD brokers usually let a trader take positions in a wider selection of tradable assets. Moreover, in regard to stock trading, Bourse Kuwait provides a transparent and fair market in Kuwaiti stocks and some corporate fixed income securities, including sukuks. Trades executed on the exchange are generally transacted in Kuwaiti dinar.

The Bourse Kuwait recently purchased and plans to use the X-stream trading system backed by The Nasdaq OMX Group. This upgrade is intended to allow the trading of international futures, options, exchange traded funds (ETFs), fixed income securities and sukuks listed on the Bourse Kuwait.

Biggest Opportunities of Trading in Kuwait

Kuwait has a small population of 4.2 million of which only about one-third are Kuwaiti nationals. The remaining population consists of expatriate residents from over 80 countries. According to export.gov, Kuwait provides additional opportunities for businesses as follows:

  • The Kuwaiti government has approved a USD 104 billion National Development Plan. The plan includes construction of new major roadways, a new airport, a new oil refinery, oil exploration, new hospitals, a new railway, new power projects and a new metro.
  • A $10 billion allocation for an electricity generation expansion project, environmental clean-up projects, and security and defence opportunities.
  • Kuwait is a large importer of transportation equipment from countries like the United States. Other potential products Kuwait may wish to import include: oil and gas field equipment, information technology, building materials and electric generator sets.
  • The Kuwait Petroleum Company and its subsidiaries are on a notoriously known for seeking new sources of equipment and relevant services.

From an overall perspective when it comes to paying taxes, Kuwait achieved a rating of 7th among countries surveyed by the World Bank. The next best ranking for Kuwait was related to registering property, where the country achieved a rating of 69th.

Biggest Challenges of Trading in Kuwait

As a consistent net exporter that has shown positive balance of trade numbers since 1993, Kuwait's economy could be severely affected by instability in the Middle East. Another key factor that could seriously affect the economy is a change in the price of oil, since shipments of oil account for 95% of Kuwait's total exports.

With respect to the World Bank's ease of doing business rankings, Kuwait was ranked 159th in trading across borders, 134th in obtaining credit and 133rd in starting a business. The business environment in Kuwait was also seen as rather unfavourable for resolving insolvencies, obtaining electricity and enforcing contracts, with Kuwait ranking 115th, 95th and 77th respectively in those areas.

Summary

In summary, businesses and traders should expect Kuwait to provide a rather safe place to operate, and Kuwaiti financial institutions are regulated by Kuwait's central bank, the CBK. Kuwait nevertheless had only one favourable ranking with the World Bank that related to paying taxes, while the country ranked a rather low 97th overall in ease of doing business.

When considering the available options for an online broker to trade forex or CFDs from Kuwait, traders should determine if they offer enough asset classes, have a good reputation, provide a full featured trading platform and are well regulated in their local jurisdiction.

BrokerNotes.co 2022 Overall Rankings

To recap, here are our top forex brokers accepting residents of Kuwait as clients for 2022, sorted by Overall ranking.

Company Accepts KW Residents Overall Rating Minimum Initial Deposit Average Spread EUR/USD - Standard Trust Score Trust Score Tradeable Symbols (Total) Visit Site
IG logoIG check 9.7 £250.00 0.86 (September 2022) 99 Highly Trusted 19537 Visit Site
Saxo Bank logoSaxo Bank check 9.5 €2,000 0.9 (September 2022) 99 Highly Trusted 60000
CMC Markets logoCMC Markets check 9.4 $0 0.51 (August 2022) 99 Highly Trusted 12377
Interactive Brokers logoInteractive Brokers check 9.2 $0 0.6 (Aug 2022) 99 Highly Trusted 8500
TD Ameritrade logoTD Ameritrade check 8.9 $0 1.25 pips (September 2022) 99 Highly Trusted 0
FOREX.com logoFOREX.com check 8.7 $100 1.0 (July 2022) 99 Highly Trusted 5500 Visit Site
XTB logoXTB check 8.7 $0 1.07 (Q3 2022) 95 Highly Trusted 12000
City Index logoCity Index check 8.7 £100.00 1.0 (July 2022) 99 Highly Trusted 13500
eToro logoeToro check 8.6 $10-$10,000 1 (August 2021) 93 Highly Trusted 3458
Swissquote logoSwissquote check 8.5 $1000 N/A 99 Highly Trusted 466
AvaTrade logoAvaTrade check 8.2 $100 0.91 (Aug 2020) 93 Highly Trusted 1260
Plus500 logoPlus500 check 8.2 €100 0.6 (as of Aug 2018) 98 Highly Trusted 2800
FXCM logoFXCM check 8.3 Starts from $50 1.38 (Q2 2022) 96 Highly Trusted 441
Admiral Markets logoAdmiral Markets check 8.1 $100 0.8 (July 2021) 87 Trusted 8425
FP Markets logoFP Markets check 8.3 $100 AUD 1.2 (August 2022) 86 Trusted 9956
IC Markets logoIC Markets check 8 $200 0.62 (August 2021) 86 Trusted 3583
OANDA logoOANDA check 8 $0 1.26 (5/22-5/27/22) 92 Highly Trusted 124
Capital.com logoCapital.com check 8.1 $20 0.6 (July 2021) 77 Average Risk 6000
Markets.com logoMarkets.com check 8.1 $100 1.9 (as of Oct 2019) 98 98 2179
XM Group logoXM Group check 8 $5 1.6 (Aug 2020) 90 Trusted 1372
Pepperstone logoPepperstone check 8 $200 0.77 (September 2022) 93 Highly Trusted 1200
FxPro logoFxPro check 8 $100 1.51 (August 2020) 90 Highly Trusted 2249
Tickmill logoTickmill check 7.8 $100 0.51 (August 2022) 82 Trusted 295
HYCM (Henyep) logoHYCM (Henyep) check 7.7 $100 0.6 (Sept 2021) 86 Trusted 245
DooPrime logoDooPrime check 7.7 $100 -1 84 Average Risk 10000
Fineco Bank logoFineco Bank check 7.7 $0 N/A 92 Highly Trusted 126
HFM logoHFM check 7.6 $5 1.2 (August 2021) 85 Trusted 3500
BDSwiss logoBDSwiss check 7.6 $100-$5000 (depending on account type) 1.6 (08/10/22) 83 Trusted 1081
Vantage logoVantage check 7.4 $50 1.22 (August 2021) 83 Trusted 257
Trading 212 logoTrading 212 check 7.4 EUR 10 N/A 77 Average Risk 1785
Moneta Markets logoMoneta Markets check 7.3 $50 1.27 (September 2022) 71 Trusted 965
Trade Nation logoTrade Nation check 7.1 $0 0.6 83 Trusted 601
ACY Securities logoACY Securities check 7.2 $50 1.2 (Sept 2021) 75 Average Risk 1600
Eightcap logoEightcap check 7.2 $100 N/A 87 Trusted 326
ThinkMarkets logoThinkMarkets check 7.3 $250.00 N/A 86 Trusted 1674
BlackBull Markets logoBlackBull Markets check 7 $0 0.827 (August 2022) 74 Average Risk 26000
VT Markets logoVT Markets check 7.2 $200 1.2 (September 2021) 71 Trusted 168
easyMarkets logoeasyMarkets check 7.3 $100 0.9 (as of Mar 2020) 84 Trusted 199
TMGM logoTMGM check 7 $100 0.96 (July 2021) 79 Average Risk 12000
Exness logoExness check 7.2 $1 0.9 (as of May 19) 74 Average Risk 112
Spreadex logoSpreadex check 7.2 $0 -1 70 Average Risk 2000
IronFX logoIronFX check 7.1 $50 1.2 84 Trusted 340
RoboForex (RoboMarkets) logoRoboForex (RoboMarkets) check 7.1 $100 1.4 (Jan 2022) 69 High Risk 12000
Trade360 logoTrade360 check 7 $250 N/A 75 Average Risk 1062
AxiTrader logoAxiTrader check 7 0 N/A 83 Trusted 175
GKFX logoGKFX check 7 $0 N/A 66 High Risk 354
Vestle logoVestle check 7 -1 -1 79 Average Risk 750
TeleTrade logoTeleTrade check 7 $100 -1 67 High Risk 500
FXOpen logoFXOpen check 7 $100 N/A 80 Trusted 87
OctaFX logoOctaFX check 6.8 $25 0.6 (August 2021) 67 High Risk 80
Forex4you logoForex4you check 6.9 $0 -1 62 High Risk 150
LegacyFX logoLegacyFX check 6.8 $500 0 75 Average Risk 425
FXPrimus logoFXPrimus check 6.8 $100 N/A 69 High Risk 140
Alpari logoAlpari check 6.8 $20 N/A 67 High Risk 105
GBE brokers logoGBE brokers check 6.7 $500 -1 69 High Risk 500
TopFX logoTopFX check 6.5 Depends on payment method N/A 67 High Risk 655
ATFX logoATFX check 6.6 $500 -1 70 Average Risk 150
UFX logoUFX check 6.5 $100 3 (Jan 2021) 67 High Risk 619
Libertex (Forex Club) logoLibertex (Forex Club) check 6.5 $10 -1 72 High Risk 300
Xtrade logoXtrade check 6.5 $250 -1 80 Trusted 142
Tradeo logoTradeo check 6.4 $200 -1 67 High Risk 256

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Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Author

Marcus Taylor
Marcus Taylor

BrokerNotes was founded in 2014 by Marcus Taylor, founder and CEO of Venture Harbor, a venture studio in Oxford that develops innovative online tools & technology across a range of sectors.


Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.
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