Which broker offers kwd as a base currency

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. For our kuwait comparison, we found 18 brokers that are suitable and accept traders from united kingdom.

Compare brokers in kuwait

For our kuwait comparison, we found 18 brokers that are suitable and accept traders from united kingdom.

We found 18 broker accounts (out of 147) that are suitable for kuwait.

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About XTB

Platforms

Funding methods

82% of retail investor accounts lose money when trading cfds with this provider.

Avatrade

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About avatrade

Platforms

Funding methods

79% of retail investor accounts lose money when trading cfds with this provider.

Plus500

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About plus500

Platforms

Funding methods

76.4% of retail CFD accounts lose money

Forex.Com

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About forex.Com

Platforms

Funding methods

69% of retail investor accounts lose money when trading cfds with this provider

Axitrader

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About axitrader

Platforms

Funding methods

68.5% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Etoro

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About etoro

Platforms

Funding methods

75% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you can afford to take the high risk of losing your money.

XM group

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About XM group

Platforms

Funding methods

78.04% of retail investors lose money when trading spread bets and cfds with this provider.

Easymarkets

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About easymarkets

Platforms

Funding methods

83% of retail investor accounts lose money when trading cfds with this provider.

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About GKFX

Platforms

Funding methods

81.75% of retail investor accounts lose money when trading spread bets and cfds with this provider.

Thinkmarkets

Spreads from

What can you trade?

Forex

Crypto currencies

Indices

Commodities

Stocks

Etfs

About thinkmarkets

Platforms

Funding methods

Losses can exceed deposits

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

The ultimate guide to

Best online brokers for kuwait

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) 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.

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 (CFD) 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 7 th 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 69 th .

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 159 th in trading across borders, 134 th in obtaining credit and 133 rd 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 115 th , 95 th and 77 th 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 97 th 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.

Why choose XTB
for kuwait?

XTB 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 XTB scored highly in:

16+ years in business

Offers 1,500+ instruments

A range of platform inc. MT4, mirror trader, web trader, tablet & mobile apps

24/7 customer service

Tight spreads from 0.20pips

Used by 230,000+ traders.

XTB offers three ways to tradeforex, cfds, social trading. If you wanted to trade EURUSD

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.

XTB have a AAA trust score. This is largely down to them being regulated by financial conduct authority, segregating client funds, being segregating client funds, being established for over 16

Trust score comparison

XTB	avatrade	plus500
trust score	AAA	AAA	B
established in	2002	2006	2008
regulated by	financial conduct authority	central bank of ireland, ASIC, IIROC, FSA, FSB, UAE and BVI	financial conduct authority (FRN 509909) and cyprus securities and exchange commission (license no. 250/14). Plus500au pty ltd (ACN 153301681), licensed by: ASIC in australia, AFSL #417727, FMA in new zealand, FSP #486026; authorised financial services provider in south africa, FSP #47546
uses tier 1 banks
company type	private	private	private
segregates client funds

A comparison of XTB vs. Avatrade vs. Plus500

Want to see how XTB stacks up against avatrade and plus500? We’ve compared their spreads, features, and key information below.

Which broker has KWD as base currency?

Meaning I want brokers that have accounts that can be funded in KWD instead of USD, ZAR, GBP or EURO.

1 answer

Hi njabulo, I'm not aware of any broker with KWD as an account base currency. If you have either UAE dirham (AED) or saudi riyal (SAR), you could open an account with HYCM.Com, which accepts both currencies. All other brokers in our panel allow you to open and fund your account in kuwaiti dinar, however, they will automatically convert your deposit into your account's base currency (usually one of USD, EUR or GBP) at the then prevailing market rate.

Replies to this question have been closed.

Best execution

MT4 floating - instant execution

Trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant . More trade 70+ currency pairs, spot indices, energies, metals and shares on floating spreads and instant execution. All eas are allowed.

500 deposit

1:500 leverage ?

1.71 pips EUR/USD

Best conditions

Avatrade account [BVI]

Trade 55 currency pairs on fixed spreads, plus cfds on crypto-currencies, stocks, indices, bonds and. More trade 55 currency pairs on fixed spreads, plus cfds on crypto-currencies, stocks, indices, bonds and commodities. Avatrade accepts all metatrader eas except those with a focus on arbitrage.

100 deposit

1:400 leverage ?

0.9 pips EUR/USD

Best platform

Premium account

Trade forex as well as cfds on cryptocurrencies, shares, indices and metals on floating spreads . More trade forex as well as cfds on cryptocurrencies, shares, indices and metals on floating spreads without commission. This account, designed for experienced traders, allows you to trade up to 60 lots per position.

100 deposit

1:500 leverage ?

1.2 pips EUR/USD

Pro account

Professional account [EU]

100 deposit

1:400 leverage ?

0.6 pips EUR/USD

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 66-89% 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.

Which broker has KWD as base currency?

Meaning I want brokers that have accounts that can be funded in KWD instead of USD, ZAR, GBP or EURO.

1 answer

Replies to this question have been closed.

Best execution

MT4 floating - instant execution

500 deposit

1:500 leverage ?

1.71 pips EUR/USD

Best conditions

ECN premier - swap free [vanuatu]

Trade over 120 instruments across forex, commodities, energies, global indices and US equities from . More trade over 120 instruments across forex, commodities, energies, global indices and US equities from 0 pips plus commission.

500 deposit

1:1000 leverage ?

0.3 pips EUR/USD

Best platform

Premium account

100 deposit

1:500 leverage ?

1.2 pips EUR/USD

Pro account

Professional account [EU]

100 deposit

1:400 leverage ?

0.6 pips EUR/USD

Base currency

What is base currency?

In the forex market, currency unit prices are quoted as currency pairs. The base currency – also called the transaction currency - is the first currency appearing in a currency pair quotation, followed by the second part of the quotation, called the quote currency or the counter currency. For accounting purposes, a firm may use the base currency as the domestic currency or accounting currency to represent all profits and losses.

BREAKING DOWN base currency

In forex, the base currency represents how much of the quote currency is needed for you to get one unit of the base currency. For example, if you were looking at the CAD/USD currency pair, the canadian dollar would be the base currency and the U.S. Dollar would be the quote currency.

The abbreviations used for currencies are prescribed by the international organization for standardization (ISO). These codes are provided in standard ISO 4217. currency pairs use these codes made of three letters to represent a particular currency. Currencies constituting a currency pair are sometimes separated with a slash character. The slash may be omitted or replaced by a period, a dash or nothing.

The major currency codes include USD for the U.S. Dollar, EUR for the euro, JPY for the japanese yen, GBP for the british pound, AUD for the australian dollar, CAD for the canadian dollar and CHF for the swiss franc.

Parts of a currency pair

In forex, currency pairs are written as XXX/YYY or simply XXXYYY. Here, XXX is the base currency and YYY is the quote currency. Samples of these formats are GBP/AUD, EUR/USD, USD/JPY, GBPJPY, EURNZD, and EURCHF.

When provided with an exchange rate, currency pairs indicate how much of the quote currency is needed to buy one unit of the provided base currency. For example, reading EUR/USD = 1.55 means that _1 is equal to $1.55. This directly says that in order to purchase _1, a buyer must pay $1.55. The currency pair quotation is read in the same manner when selling the base currency. If a seller wants to sell _1, he will get $1.55 for it.

CBK forex brokers in kuwait

The central bank of kuwait (CBK) was established in 1968, and it is one of the largest financial institutions in kuwait. The bank replaced the currency board which had limited power (issuance of banknotes and coins), while the CBK is also in charge of developing and implementing monetary policies and supervising bank activities. The financial and monetary policies are aimed at contributing to social and economic development of the country; stabilizing the national currency, the KWD (kuwait dinar); and enabling free convertibility into other currencies. The bank is also a banker and advisor to the government. The bank is in charge of developing credit policies to enhance national income and contribute to social and economic growth. The KWD is a very strong currency thanks to a strong market in oil exports. Oil accounts for 94% of the country’s exports. The KWD is stronger than the USD (0.30 KWD equals 1USD).

Forex brokers under CBK supervision

The CBK is in charge of the forex market and all other capital markets. Forex companies in kuwait have to comply with the rules and regulations defined by the CBK. The CBK is a serious institution, and there is not much space left for manipulations by forex companies. They have to meet the high standards of the industry and fulfill all obligations related to getting the CBK license. Those mostly include sufficient capital for covering the risks, consumer protection, transparency, and fairness.

Advantages of dealing with CBK regulated broker

The CBK takes their role as a regulator very seriously. Kuwait forex brokers who obtain their operating licenses are the ones that employ truly transparent, fair and honest business practices. Kuwait, as a rich and financially stable country, has no need to allow shady operators. For this reason, the number of CBK licensed brokers is not big. There aren’t that many companies ready to put their entire business operation under the scrutiny of the CBK. Those who do are the ones you can fully trust with your money and your investments, as they will certainly treat you right.

Kuwait and international forex brokers

Many international forex brokers also operate in kuwait, trying to secure and attract clients from the middle east who are also more than interested to participate in the dynamic market. The kuwaiti, as well-off people, try to make some profits themselves by trading currencies. This is not unusual since almost entire middle east is engaged in the forex business. Some participate to win extra cash, others for entertainment, etc. Just like the western world, middle east traders are also eager to place trades and to find good brokers who take good care of their clients. Forex is a global business and does not differ much in the eastern world. The business conduct, supervisory bodies, and trading styles are more or less the same all over the world. If traders would like to trade in an exotic market, they should not be discouraged by foreign cultures since the forex business works on the same principles regardless of the destination. Traders can also look for famous brokers who are registered in the desirable foreign country. Kuwait is an attractive destination for broker companies because the value of the national currency suggests that the population is wealthy and that people would be willing to invest their money in lucrative, profitable possibilities. However, this also means that there are some forex brokers in kuwait who try to fly under the radar and operate without a proper license. As a rule of a thumb, if you are looking to trade with a broker offering services in a particular country, you should always look for those who are also licensed in that country. In this particular case, it means finding CBK regulated brokers. Always remember that serious brokerage firms will go that extra mile to get a local license in order to reassure traders about their intentions. While licensing process can sometimes be painstaking, it is well worth it for the companies that truly want to establish their position on the market.

Compare forex brokers

Forex brokers are the connection between you and forex trading. By using a broker, you can trade currency pairs on one of the most popular trading markets in the world. While there are many available to choose from, all offering many different features, it can be daunting when it comes to choosing the right one to invest with.

The hardest part can be negotiating the sheer number of brokers offering their services across the world. With many based in one country and licensed in another, and offering many different languages, you can spend much of your time just searching through the information available. It can be hard to know where to start, which is why we are here to help.

From checking that a broker has licensing from a legitimate source to checking what features each one offers, there are many factors to consider. Starting with a checklist of what is important to you can be an excellent place to begin. You can then use our extensive research, reviews and recommendations to help you draw up a shortlist of brokers before you decide on the one for you.

In this article, you will learn:

Top rated forex sites

Risk warning: the products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad disclosure: some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

What makes a great broker

First and foremost, the critical requirement for a broker is that they invoke trust. As an online service, this is not always easy. How do you know that you can trust a forex broker with your money? There are several ways to find a company that you can rely on:

Licensing and regulation

This is one of the best ways to assess if a broker can be trusted. A licensed and regulated broker has to adhere to standards and regulations to be allowed to offer their services in a particular country. There are many types of licensing to look out for including cysec (cyprus), FCA (UK) and ASIC (australia).

Ease of using the platform

Is the platform easy to use? Ease of use is high on the list of criteria when choosing a broker. You need to ascertain if they offer an excellent mobile trading experience and that this extends to all types of devices. Look for a compatible app or at least a superb mobile enhanced website.

Bonuses and incentives

If you are new to forex trading, a welcome bonus is an excellent incentive offered by many brokers. Sometimes it takes the form of a no deposit bonus giving you free money to trade with. Other bonuses offered include a deposit bonus which matches up to 100% of the funds that you deposit. This is an excellent way to build your capital or try new assets or trade types.

Free demo accounts

The demo account is high on the list for many traders as it allows you to get to grips with a trading platform before you continue any funds. While trading takes place in a virtual environment with virtual funds, it is a great way to find your way around and learn the ropes.

The terms and conditions, the number of currency pairs available and the education tools are also high on many traders list of requirements. When looking for a great broker, you are looking to ensure that they tick all of these boxes. In addition to this transparency is vital. Sometimes it can be hard to find the information that you are looking for. A good broker will ensure that all the information, including customer support, is easy to find and displayed on their website.

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Bonus and welcome deals

While a bonus or welcome incentive is an essential factor for many traders, you need to consider if this is important to you? Are you likely to choose your broker based on the bonus that they offer? Now many forex brokers offer bonuses to incentivise people to open an account and make an initial deposit. Once you make a deposit they will often match this or offer a percentage of your deposit as a bonus.

Some brokers go one step further and give you a bonus before you deposit any funds. These bonuses vary significantly between brokers with some not offering one. While some may provide a flat bonus based on a minimum deposit, others will offer a percentage ranging from 10% to 100% of your deposit. A welcome bonus is an excellent way to get to grips with trading as it allows you to trade without risk.

Having these usable funds means that you can get used to trading on the website and make your early mistakes (if any) without risking losing your own money. It is important to note though that once you have received your welcome bonus, you can't just withdraw it. Often you need to trade it a minimum number of times before you can remove it. After the first deposit bonus, many brokers will offer deposit bonuses to incentivise you to keep on trading.

Ideal broker features

The best forex broker sites are all competing for your business in a very competitive market place. Therefore they need to ensure that they offer the best features and incentives for you to trade with them.

For many, the biggest draw is a deposit bonus while for others, it is the analytical tools or whether the platform offers a virtual demo account. Not all brokers offer a free demo account, some will offer them once you have made a deposit, but this is a common feature of a broker as it allows you to get used to trading on the platform with virtual money before you make a deposit.

If you are looking for a broker that offers the best trading platform, then you should check that they offer mobile trading and that you can trade on any device. For many, it is essential to be able to trade on the move whether that be on a smartphone or tablet.

So what are the most popular broker features that most traders look for?

You will have your list of criteria when it comes to making your choice, and once you have made this list, you can shortlist those that offer the features that you are looking for. We provide you with information with a list of criteria already researched and analysed to make the information more straightforward for you to filter.

So what are the most popular broker features that most traders look for?

Finding the best brokers

Whether you are new to forex trading or have a little more experience, finding the right broker can often be the hardest part of your trading experience. Before you even get to grips with spread betting, currency pairs, the various analytical tools, and how to get the best out of trading you are faced with the finding the best broker. There are lots of good brokers, all who offer multiple benefits.

First, you need to decide which of the available features are essential to you. Are you more interested in the bonus than the trading experience for example? While it may all seem like a lot of time and effort to spend researching the various brokers; help is at hand. We have done all of the hard work for you with our team of experts spending their time studying and analysing every single broker. They carry out this research by using their own trading experience to trade with each broker.

In addition to this, our experience of the financial markets allows us to ensure that the brokers we recommend are trustworthy, licensed and regulated and a safe place to invest your money. If we put our name to a broker then it is because we have thoroughly vetted every aspect of trading with them. We then share this information with you enabling you to put together a shortlist before deciding which one to conduct your forex trading with.

Kuwaiti dinar

Overview

The kuwaiti dinar is the official currency of kuwait, a nation that lies on the north-western shore of the persian gulf. It is bordered by saudi arabia to the south and iraq to the north. The emirate covers an area of 17,820 square kilometers (6,880 sq mi) and has a population of about 3.6 million.

Economy

Kuwait has a GDP (PPP) of 167.9 billion USD and per capita income of 81,800 USD, which makes it the fifth richest country in the world per capita.

Kuwait has proven crude oil reserves of 104 million oil barrels (15 km³), estimated to be 10% of the world’s reserves. According to the constitution of kuwait, all natural resources in the country and the associated revenues are government property.

As kuwait is a tax-free country, the oil industry represents 80% of government revenue. Petroleum and petrochemicals account for nearly half of the GDP and 95% of all export earnings.

Since 2003, increasing oil prices have led to an increase in the economy of kuwait.

In 2007, estimated exports stood at 59.97 billion USD and imports were about 17.74 billion USD.

The main exports are petroleum, petrochemicals, fertilizers, and financial services.

Kuwait imports a wide range of products, from food and textiles to machinery.

Kuwait's most important trading partners are japan, the USA, india, south korea, singapore, china, the european union, and saudi arabia.

Japan is the largest consumer of kuwaiti oil, followed by india, singapore, and south korea.

History

The kuwaiti dinar was introduced in 1961 to replace the gulf rupee. At first it was equivalent to british pound sterling. As the rupee was fixed at 1 shilling 6 pence, this resulted in a conversion rate of 13⅓ rupees to the dinar.

When iraq invaded kuwait in 1990, the iraqi dinar replaced the kuwaiti dinar. Coins and a large quantity of banknotes were stolen by the invading forces. After liberation, the kuwaiti dinar was restored as the country's currency and a new banknote series was introduced.

To date five series of kuwaiti dinar banknotes have been printed. The first series was issued following the pronouncement of the kuwaiti currency law in 1960, which established the kuwaiti currency board. This series was in circulation from april 1, 1961 to february 1, 1982 and consisted of denominations of ¼, ½, 1, 5, and 10 dinars.

After the central bank of kuwait replaced the kuwait currency board, new ¼, ½, and 10 dinar notes were issued in november, 1970, followed by new 1 and 5 dinar notes in april, 1971. This second series was withdrawn on february 1, 1982.

Symbols: K.D.

Nicknames: none

Fils = 1/1,000 of a dinar

Bills: ¼, ½, 1, 5, 10, 20 dinars

Coins: 5, 10, 20, 50, 100 fils

Countries using this currency

Currencies pegged to KWD :

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Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest (except for OANDA europe ltd retail customers who have negative balance protection). Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. Refer to our legal section here.

Financial spread betting is only available to OANDA europe ltd customers who reside in the UK or republic of ireland. Cfds, MT4 hedging capabilities and leverage ratios exceeding 50:1 are not available to US residents. The information on this site is not directed at residents of countries where its distribution, or use by any person, would be contrary to local law or regulation.

OANDA (canada) corporation ULC accounts are available to anyone with a canadian bank account. OANDA (canada) corporation ULC is regulated by the investment industry regulatory organization of canada (IIROC), which includes IIROC's online advisor check database (IIROC advisorreport), and customer accounts are protected by the canadian investor protection fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.Cipf.Ca.

OANDA australia pty ltd is regulated by the australian securities and investments commission ASIC (ABN 26 152 088 349, AFSL no. 412981) and is the issuer of the products and/or services on this website. It's important for you to consider the current financial service guide (FSG), product disclosure statement ('PDS'), account terms and any other relevant OANDA documents before making any financial investment decisions. These documents can be found here.

OANDA corporation is a registered futures commission merchant and retail foreign exchange dealer with the commodity futures trading commission and is a member of the national futures association. No: 0325821. Please refer to the NFA's FOREX INVESTOR ALERT where appropriate.

OANDA europe limited is a company registered in england number 7110087, and has its registered office at floor 3, 18 st. Swithin's lane, london EC4N 8AD. It is authorised and regulated by the financial conduct authority, no: 542574.

OANDA japan co., ltd. First type I financial instruments business director of the kanto local financial bureau (kin-sho) no. 2137 institute financial futures association subscriber number 1571.

OANDA asia pacific pte ltd (co. Reg. No 200704926K) holds a capital markets services licence issued by the monetary authority of singapore.

OANDA europe markets limited is a company registered in malta number C95813, and has its registered office at 171, old bakery street, valletta, VLT1455 malta. It is authorised and regulated by the malta financial services authority.

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As the currency market is a decentralized entity, trading and processing of orders are carried out online. It is, therefore, necessary that you open an account with a broker that provides an online platform for trading forex. If you are a UK resident, then it is a good idea that you work with a forex broker that is based in the UK or at least has an office operating in the country. However, the problem is that there are a number of forex brokers out there in the market and identifying the right one to work with can be a challenging task, especially if you are new to forex trading.

Top UK forex trading brokers 2021

min deposit	spread	leverage	regulation	open account
$5	from 0.2 pips	500:1	FSA (saint vincent and the grenadines), cysec	visit broker
$5	from 0 pips	888:1 “*this leverage does not apply to all the entities of XM group.”	ASIC, cysec, IFSC belize	visit broker
$1	from 0 pips	2000:1	FCA UK, cysec, FSP, bafin, CRFIN	visit broker
$100	starting 0 pips	up to 400:1	FCA UK, NFA, CFTC, ASIC, IIROC, FSA, CIMA	visit broker
$300	floating, from 0 pips	500:1	FCA UK reference number 579202	visit broker
$200	starting 0 pips	500:1	ASIC australia, FCA UK	visit broker
no minimum deposit	1.2 pips	50:1	CFTC, NFA, FCA, MAS, ASIC, IIROC	visit broker
$100	starting 0 pips	up to 500:1	FCA UK, ASIC australia, MAS singapore	visit broker
$1	fixed spread from 3 pips	up to 1:1000	CBR, cysec and FFMS	visit broker
$250	as low as 0.1 pips	up to 400:1	ASIC australia and FCA UK	visit broker

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

This is where our services can be of great help to you. We have analyzed and reviewed the operations of some of the major brokers that provide the forex trading platform in the UK on the basis of certain specific criteria listed below in order to make things easier for you. You can use this as the starting point of your research. You don’t have waste your precious time or hard earned money in order to evaluate hundreds of brokers operating in the country. You just have to find out as to which of the forex brokers listed in our site are best suited to your needs and do further research to make sure that you are making the right choice.

Regulation by a local authority is one of the key aspects you need to look for when identifying the best forex brokers in the UK. The main regulatory authority in england is the financial conduct authority (FCA). The FCA is the regulator for the industries in the financial services sector in the country. When reviewing the forex brokers operating in the country we have taken this aspect into consideration.

Apart from regulation, other aspects to be considered when choosing best forex brokers in UK are as follows:

Whether the company that provides the forex trading platform is adequately capitalized or not

How reliable are the trading platforms offered by the forex broker

What type of broker is the forex trading platform provider: non dealing desk (straight through processing), dealing desk (market maker/dealer) or electronic communications network (ECN)

What types of accounts does the forex broker offer

How much leverage and margin does the forex broker offer

What kind of spreads does the broker provide

Does the broker charge any commissions or fees for the trades executed by the you

How much money has to be deposited initially in order to start trading currencies on the broker’s platform

When it comes to transferring funds what currency options does the broker make available to you

What payment methods does the broker offer

What are the broker’s terms and conditions for withdrawal of funds

How responsive is the customer support services provided by the forex broker

This is definitely not an exhaustive list of things that you should look into when choosing the best forex broker in the UK. There are a few other aspects as well. These include customizations options, order entry types, automated trading options, trading alerts, strategy builders and backtesting options, among others. Further, it is better to look for brokers that offer free demo accounts so that you can try out their platforms prior to opening an account and funding it.

Here are some of the best forex brokers in UK:

1. Fxopen UK

Fxopen UK, a popular metatrader ecn forex broker in the UK, offers several helpful features on their platform including expert advisors, technical analysis tools, indicators and professional graphics. Founded in 2013 and headquartered in the london UK, fxopen is authorised and regulated by the financial conduct authority under FCA firm reference number 579202. FX OPEN UK accepts traders with minimum deposit required to start trading on their platform is $300 and the minimum lot size offered by the broker is 0.01. The forex broker offers leverage up to 500:1 and makes available floating spreads starting from 0 pips. When it comes to trading platforms, fxopen offers a wide range of platforms including metatrader 4, webtrader and mobile trading platform. As regards transfer of funds, options available with fxopen include wire transfer, credit/debit cards, neteller and skrill moneybookers, payza and webmoney.

2. Plus500 UK

The online forex broker plus500 UK ltd is authorized as well as regulated by the financial conduct authority. The forex broker services both institutional customers and retail investors and offers no dealing desk currency trading facility. PLUS500 UK which has its headquarters located in the UK was founded in 2008. Traders have to deposit a minimum of €100 if they want to use the broker’s platform for trading forex. The minimum position size offered by the company 0.01 and the leverage that traders can avail is 294:1. Spreads can be as low as 0.01%” (0.01% = spread for EUR/USD). Plus500 offers multiple trading platforms such as windows trader, webtrader, windows 10, android app, windows phone app & iphone app/ipad app/apple watch app. Payment options offered by the forex broker include credit card, paypal, wire transfer, skrill moneybookers.

XM, an online currency trading platform provider, was founded in 2009. The forex broker offers metatrader trading platform and more than 100 instruments from asset classes such as currencies, cfds on stocks and precious metals. XM which serves both institutional as well as retail customers in more than 196 countries has established over 4 offices around the world. Traders who open accounts on their platform will have to deposit a minimum of $5 in order to start trading. While the minimum position size offered is 0.01, the leverage can go up to 888:1. Xemarkets is regulated broker by ASIC australia, cysec, FCA (UK), bafin. XM broker offers low spreads from 1 pips. Multiple forex platforms offered by the broker include metatrader 4, and web, iphone/ipad and mobile trader. When it comes to payments, options include credit/ debit card, bank wire transfer, local bank transfer, neteller, moneybookers skrill, western union, moneygram, webmoney, china unionpay, SOFORT, ideal.

5 benefits of forex trading with FCA UK regulated brokers

Any forex trader will tell you that the first and most important step in successful forex trading is choosing a trusted broker.

The right broker will provide you with the required advice, and platform to make forex trading a profitable venture. FCA UK forex brokers are the best option to give you what you need before you can start trading. But who are FCA UK forex brokers?

FCA UK forex brokers are brokers or brokerage firms that are regulated by the FCA. These firms meet all the requirements set by the FCA for safe forex trading.

The FCA UK forex brokers provide forex traders with many benefits, here are some of them;

1. Guaranteed credibility

All forex brokers that are regulated by the financial conduct authority (FCA) are required to submit financial reports to the regulatory body. This body scrutinizes the reports to make sure they are in line with set policies for secure and efficient forex trading. This, therefore, means that regulated brokers are always credible since they are monitored. Also, another role of FCA is to fairly resolve disputes between forex traders and brokers. So, trading with FCA UK forex brokers means that you are protected in case any disputes arise between you and your forex broker.

2. Ensure investors’ money is safe

According to the FCA rules, FCA UK forex brokerage firms must keep their funds separate from the investors’ money. Keeping investors funds in a different account ensures that the brokerage firm cannot use the clients’ funds to cover any of its expenses.

Having segregated accounts safeguards the investors’ money in case of a financial crisis or bankruptcy. In such scenarios, the broker cannot use your money to pay its creditors. The FCA requires that the broker compensates the investor first. So when working with a regulated broker you are guaranteed safety for your money despite any financial situation the broker might face.

Given the uncertain financial conditions, you have to be sure your money is always safe. FCA has got you covered! Time and again, the regulatory body reviews all the FCA UK forex brokerage firms to ensure they maintain separate accounts for investors and the firm to keep your money protected from uncertain market conditions.

3. Enhances the chances of making profits for investors

It is usually easier to trade and make profits with FCA UK forex brokers than unregulated brokers. FCA monitors all regulated brokers to ensure they provide the right tools to make forex trading simpler for the investors. It does this by ensuring the software used by brokers for trading meets the traders’ needs.

In addition, it ensures that forex traders have access to the right information and support from the brokers. The FCA UK forex brokers should be able to answer the investors’ questions and provide help in case of any difficulties. This is in a bid to make forex trading easy and profitable to the traders.

4. Transparency in trading operations

Transparency is an essential part of successful forex trading. Investors have to stay informed about their transactions by being provided with accurate financial information including historical records and other fiscal reports. This information assists traders in making well-thought decisions when conducting their trade.

It is the responsibility of brokers to provide accurate information to the traders. Regulated brokers are compelled by the FCA to provide accurate information to investors failure to which they might lose their licenses.

Investors can complain to the FCA if they feel their brokers do not provide them with transparent trading experience.

5. Protects the value of security to enhance the investors’ safety

The FCA monitors forex brokers UK by periodically checking their fiscal reports. Through these reports, the regulatory body can determine whether a broker is trading in a way that increases the overall security of their investors. The FCA then penalizes, and in some cases revokes the market membership of brokers whose trading activities decreases investor security. So in order to stay in the market, regulated brokers are always working hard to improve their investors’ security.

If you are an investor who wants to make your forex trading venture profitable then it is safe to go for FCA UK forex brokers as they are regulated. Regulated brokers provide you with many benefits and the right conditions necessary to trade successfully. All the best in finding the right broker!

Trading account types

XM CY trading account types

Micro account

Base currency options

USD, EUR, GBP, JPY, CHF,‎
AUD, HUF, PLN, RUB, SGD, ZAR

Contract size

1 lot = 1,000

Spread on all majors

As low as 1 pip

Commission

Maximum open/pending orders per client

200 positions

Minimum trade volume

0.01 lots (MT4)
0.1 lots (MT5)

Lot restriction per ticket

100 lots

Islamic account

Optional

Minimum deposit

Standard account

Base currency options

USD, EUR, GBP, JPY, CHF,‎
AUD, HUF, PLN, RUB, SGD, ZAR

Contract size

1 lot = 100,000

Spread on all majors

As low as 1 pip

Commission

Maximum open/pending orders per client

200 positions

Minimum trade volume

0.01 lots

Lot restriction per ticket

50 lots

Islamic account

Optional

Minimum deposit

XM zero accounts

Base currency options

USD, EUR, JPY

Contract size

1 lot = 100,000

Spread on all majors

As low as 0 pips

Commission

Maximum open/pending orders per client

200 positions

Minimum trade volume

0.01 lots

Lot restriction per ticket

50 lots

Islamic account

Optional

Minimum deposit

100$

The figures above should only be regarded as reference. XM is ready to create custom-tailored forex account solutions for every client. If the deposit currency is not USD, the amount indicated should be converted to the deposit currency.

You may be new to forex, so a demo account is the ideal choice to test your trading potential. It allows you to trade with virtual money, without exposing you to any risk, as your gains and losses are simulated. Once you have tested your trading strategies, learned about market moves and how to place orders, you can take the next step to open a trading account with real money.

What is a forex trading account?

A forex account at XM is a trading account that you will hold and that will work similarly to your bank account, but with the difference that it is primarily issued with the purpose of trading on currencies.

Forex accounts at XM can be opened in micro, standard or XM zero formats as shown in the table above.

Please note that forex (or currency) trading is available on all XM platforms.

In summary, your forex trading account includes

1. Access to the XM members area

2. Access to the corresponding platform(s)

Similarly to your bank, once you register a forex trading account with XM for the first time, you will be required to go through a straightforward KYC (know your customer) process, which will allow XM to make sure that the personal details you have submitted are correct and ensure the safety of your funds and your account details.

By opening a forex account, you will be automatically emailed your login details, which will give you access to the XM members area.

The XM members area is where you will manage the functions of your account, including depositing or withdrawing funds, viewing and claiming unique promotions, checking your loyalty status, checking your open positions, changing leverage, accessing support and accessing the trading tools offered by XM.

Our offerings within the clients’ members area are provided and constantly enriched with more and more functionalities and therefore giving our clients more and more flexibility to perform changes or additions to their accounts at any given time, without needing assistance from their personal account managers.

Your trading account login details will correspond to a login on the trading platform which matches your type of account and is ultimately where you will be performing your trades. Any deposits/withdrawals or other changes to settings you make from the XM members area will reflect on your corresponding trading platform.

What is a multi-asset trading account?

A multi-asset trading account at XM is an account that works similarly to your bank account, but with the difference that it is issued with the purpose of trading currencies, stock indices cfds, stock cfds, as well as cfds on metals and energies.

Multi-asset trading accounts at XM can be opened in micro, standard or XM zero formats as you can view in the table above.

Please note that multi-asset trading is available only on MT5 accounts, which also allows you access to the XM webtrader.

In summary, your multi-asset trading account includes

1. Access to the XM members area

2. Access to the corresponding platform(s)

3. Access to the XM webtrader

Similarly to your bank, once you register a multi-asset trading account with XM for the first time, you will be requested to go through a straightforward KYC (know your customer) process, which will allow XM to make sure that the personal details you have submitted are correct and ensure the safety of your funds and your account details. Please note that if you already maintain a different XM account, you will not have to go through the KYC validation process as our system will automatically identify your details.

By opening a trading account, you will be automatically emailed your login details that will give you access to the XM members area.

The XM members area is where you will manage the functions of your account, including the depositing or withdrawing funds, viewing and claiming unique promotions, checking your loyalty status, checking your open positions, changing the leverage, accessing support and accessing the trading tools offered by XM.

Our offerings within the clients members area are provided and constantly enriched with more and more functionalities, allowing our clients more and more flexibility to perform changes or additions to their accounts at any given time, without needing assistance from their personal account managers.

Your multi-asset trading account login details will correspond to a login on the trading platform which matches your type of account, and it is ultimately where you will be performing your trades. Any deposits and/or withdrawals or other setting changes you make from the XM members area will reflect on your corresponding trading platform.

Who should choose MT4?

MT4 is the predecessor of the MT5 trading platform. At XM, the MT4 platform enables trading on currencies, cfds on stock indices, as well as cfds on gold and oil, but it does not offer trading on stock cfds. Our clients who do not wish to open an MT5 trading account can continue using their MT4 accounts and open an additional MT5 account at any time.

Access to the MT4 platform is available for micro, standard or XM zero as per the table above.

Who should choose MT5?

Clients who choose the MT5 platform have access to a wide range of instruments ranging from currencies, stock indices cfds, gold and oil cfds, as well as stock cfds.

Your login details to the MT5 will also give you access to the XM webtrader in addition to the desktop (downloadable) MT5 and the accompanying apps.

Access to the MT5 platform is available for micro, standard or XM zero as shown in the table above.

What is the main difference between MT4 trading accounts and MT5 trading accounts?

The main difference is that MT4 does not offer trading on stock cfds.

Can I hold multiple trading accounts?

Yes, you can. Any XM client can hold up to 8 trading accounts of their choice.

How to manage your trading accounts?

Deposits, withdrawals or any other functions related to any of your trading accounts can be handled in the XM members area.

Legal: this website is operated by trading point of financial instruments limited with registered address at 12 richard & verengaria street, araouzos castle court, 3rd floor, 3042 limassol, cyprus.

Trading point holdings ltd is the holding company of trading point of financial instruments limited, XM global limited, trading point of financial instruments UK limited, trading point of financial instruments pty ltd, trading point MENA limited.

Trading point of financial instruments limited is authorised and regulated by the cyprus securities and exchange commission (licence number: 120/10).
XM global limited is authorised and regulated by the international financial services commission (IFSC) (000261/106).
Trading point of financial instruments UK limited is authorised and regulated by the financial conduct authority (FRN: 705428).
Trading point of financial instruments pty ltd is authorised and regulated by the australian securities and investment commission (AFSL 443670).
Trading point MENA limited is authorised and regulated by the dubai financial services authority (DFSA) (reference no. F003484).

Risk warning: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.04% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money. Please consider our risk disclosure.

Trading point of financial instruments limited provides investment and ancillary services to residents of the european economic area (EEA) and the united kingdom.

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XM uses cookies to ensure that we provide you with the best experience while visiting our website. Some of the cookies are needed to provide essential features, such as login sessions, and cannot be disabled. Other cookies help us improve our website’s performance and your experience through personalising content, providing social media features and analysing our traffic. Such cookies may also include third-party cookies, which might track your use of our website. You may change your cookie settings at any time.

For more information please read our cookie policy.

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Read more, or change your cookie settings.

What are cookies?

Cookies are small data files. When you visit a website, the website sends the cookie to your computer. Your computer stores it in a file located inside your web browser.

Cookies do not transfer viruses or malware to your computer. Because the data in a cookie does not change when it travels back and forth, it has no way to affect how your computer runs, but they act more like logs (i.E. They record user activity and remember stateful information) and they get updated every time you visit a website.

We may obtain information about you by accessing cookies, sent by our website. Different types of cookies keep track of different activities. For example, session cookies are used only when a person is actively navigating a website. Once you leave the website, the session cookie disappears.

Why are cookies useful?

We use functional cookies to analyse how visitors use our website, as well as track and improve our website’s performance and function. This allows us to provide a high-quality customer experience by quickly identifying and fixing any issues that may arise. For example, we might use cookies to keep track of which website pages are most popular and which method of linking between website pages is most effective. The latter also helps us to track if you were referred to us by another website and improve our future advertising campaigns.

Another use of cookies is to store your log in sessions, meaning that when you log in to the members area to deposit funds, a "session cookie" is set so that the website remembers that you have already logged in. If the website did not set this cookie, you will be asked for your login and password on each new page as you progress through the funding process.

In addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently. For example, cookies save you the trouble of typing in your username every time you access our trading platform, and recall your preferences, such as which language you wish to see when you log in.

Here is an overview of some of the functions our cookies provide us with:

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So, let's see, what we have: which brokers are safe to trade online with in kuwait? Compare the best online brokers for trading forex, cryptocurrencies, stocks, commodities & indices that also accept traders from kuwait and a platform in arabic (as well as english). This up-to-date comparison was last updated in january 2021. At which broker offers kwd as a base currency