Company

Spread

for EURUSD

Min.

Deposit

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Offered

Account

Types

Spread

Type

Funding

Methods

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Execution

Details

ForTrade

Offers one way to trade: Binary Options

 
ForTrade
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$100Min. Deposit Learn More
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  • Mobile apps
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Trust Score:

B

0

Established in:

1992

Regulated by:

Financial Conduct Authority

CFDs are leveraged products and can result in the loss of your capital. Rankings are influenced by affiliate commissions. All information collected on 1/11/2017.

The Ultimate Guide to

Choosing a Broker
For Kuwait

Not sure which broker is right for you?

Don’t worry - we’ve got you covered. In this guide, you’ll learn:

Ready?

Part 1

Why Choose ForTrade
For Kuwait?

ForTrade scored best in our review of the top brokers for kuwait, which takes into account 120+ factors across eight categories. Here are some areas where ForTrade scored highly in:

  • 25+ years in business
  • Offers + instruments
  • A range of platform inc. Binary, Tablet & Mobile apps
  • 24/7 customer service
  • Tight spreads from 1 pips
  • Used by + traders
  • Allows hedging
  • 1 languages
  • Leverage up to

ForTrade offers one way to trade: Binary Options. If you wanted to trade EURUSD through copy trading or other means, skip to part two.

The two most important categories in our rating system are the cost of trading and the broker’s trust score. To calculate a broker’s trust score, we take into account a range of factors, including their regulation history, years in business, liquidity provider etc.

ForTrade have a B trust score, which is good. This is largely down to them being regulated by Financial Conduct Authority, segregating client funds, being established for over 25 years, and much more. For comparison:

Trust Score comparsion

ForTrade
Trust Score B
Year Established 1992
Regulated by Financial Conduct Authority
Uses tier 1 banks
Company Type Private Private Private
Segregates client funds

The second thing we look for is the competitiveness of the spreads, and what fees they charge. We've compared these in detail in part three of this guide.

Part 2

Who ForTrade is (& Isn’t)
Suitable For

As mentioned, ForTrade allows you to trade in one way: Binary Options.

Suitable for:

Not Suitable for:

To trade with ForTrade, you'll need a minimum deposit of $100. ForTrade offers a range of different account types for different traders including a mini account, .

Finally, ForTrade isn't available in the following countries: US.

Part 3

A Comparison of ForTrade vs. vs.


Want to see how ForTrade stacks up against and ? We've compared their spreads, features, and key information below.



Spread & fee comparsion

The spreads below are illustrative. For more accurate pricing information, click on the names of the brokers at the top of the table to open their websites in a new tab.
ForTrade
Fixed Spreads
Variable Spreads
EUR/USD Spread 1
GBP/USD Spread
USD/CAD Spread
USD/JPY Spread 2
DAX Spread
FTSE 100 Spread
S&P500 Spread

Comparison of account & trading features

ForTrade
Spread type
EUR/USD Spread 1992
EUR/GBP Spread Financial Conduct Authority
Crude Oil Spread
Gold Spread Private Private Private
DAX Spread

Part 4

Plus500

www.plus500.ae

The Plus500 trading platform is offered to customers in Kuwait via the UAE version of their website. The website is in Arabic, catering to the official language spoken in Kuwait. The platform and products for this region are provided by Plus500CY Ltd, whose head offices are based in Limassol. Arabic can also be selected for the primary language on the trading platform, and the Kuwaiti dinar can be used as the base currency for trading.

Plus500 are one of the leading providers for both Forex and contracts for difference (CFDs), and are regulated by the Cyprus Securities and Exchange Commission (CySEC). When opening an account, Plus500CY Ltd. follow CySEC’s stringent regulations with regards to customer asset protection, ensuring funds are kept separate to the firm’s assets and providing additional protection for traders’ deposits in the event of the firm becoming insolvent.

They have over 2000 financial instruments available for traders in their portfolio. Examples of these are commodities, stocks, indices, and options, all of which are available to trade as CFDs.

Traders can operate not only with the desktop platform option, but also on a mobile app which can be found at the Apple App Store and on Google Play. The app is easy to use, yet contains a wide range of advanced features which empower traders to make well-informed decisions.

In addition to the Plus500CY subsidiary, Plus500 also have subsidiaries registered in the UK and Australia. The Plus500 Ltd company is listed on AIM, one of the stock markets of the London Stock Exchange (LSE). Plus500 are also the main sponsors of popular Spanish football team, Athletico Madrid.

AvaTrade

AvaTrade are amongst the top online brokers functioning in multiple countries around the globe. They are a multinational firm with regional offices throughout Europe, as well as in Asia, Africa and the Middle East. AvaTrade are internationally regulated by the BVI Financial Services Commission, with their holding company head office based in the British Virgin Islands. The company’s website supports many different languages, including Arabic for customers from Kuwait.

AvaTrade’s platforms let customers have access to over 250 financial instruments across different markets including Forex, stocks, bonds, indices, and cryptocurrencies. A notable feature offered by AvaTrade is the interest-free Islamic account for customers from Muslim countries such as Kuwait, as the Islam Faith does not allow interest based business.

The company’s website hosts a wealth of educational resources for traders such as free eBooks, webinars, articles, educational videos, and market indicators. Customers can access AvaTrade from different platforms including desktop, mobile, and tablet. AvaTrade globally accept two main deposit and withdrawal methods, which include wire transfer (minimum $500) and credit/debit card (minimum $100). Traders can also select GBP, EUR or AUD as the base currency for their account if this is more convenient.

AvaTrade allow customers to trial the software and test their trading skills by providing traders with a free 21-day virtual demo account. This period will usually be extended upon request.

XTB

www.xtb.com/int

XTB are an international provider of Forex and other financial instruments and trading services. They offer access to more than 1500 different markets, including currency pairs, commodities, cryptocurrencies, Exchange Traded Funds (ETFs), and equities from popular stocks around the globe. Most of their markets are traded as contracts for difference (CFDs) which allow traders to take both long and short positions on financial instruments, without ever taking delivery or ownership of the underlying instrument. This is particularly convenient for traders from around the world.

In Kuwait, the trading platforms are provided by XTB’s international company, which is headquartered in Belize, and licensed by the International Financial Services Commission (IFSC). Although the first language in Kuwait is Arabic, an English version of the website is available for clients from Kuwait. This also permits access to two different account types – a Standard Account and Pro Account. Accounts can be funded in Kuwait with US dollars, using payment methods such as bank account transfers and debit or credit card payments.

The trading platforms that customers have access to once they open an account with XTB include their own proprietary platform, xStation 5, and the industry-wide platform, MetaTrader 4. The former comes with state-of-the-art features, and this powerful platform has attracted awards for its wide range of capabilities. These include fast execution speeds of, on average, around 85 milliseconds; market analysis and trending tools; market depth information, up to the minute market news, and much more. The MT4 offering is also enhanced with fast execution speeds and other features.


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