KWD Forex Account
Finding a broker with KWD as a base currency for your trading account can be a challenge. We've reached out to over 20 brokers - including AvaTrade, HotForex and XM - but only one broker now offers a KWD Forex account.
JustForex KWD account
JustForex.com is the only broker in our panel that allows Kuwaiti residents to open a Forex trading account in Kuwaiti Dinars. JustForex is an offshore broker that allows you to trade on either MetaTrader 4 and 5, with low spreads from 0.1 pips and leverage up to 3,000 times your initial deposit. To open a swap-free Islamic account, complete the full registration process at JustForex.com, and contact Support before placing your first trade.
For completeness, we wanted to give you a feel for a few of the other brokers we contacted, in the process of drafting this article. Unfortunately, none of them support the Kuwaiti Dinar as an account currency.
AvaTrade KWD account
Unfortunately, AvaTrade.com doesn't offer a trading account with KWD a base currency. AvaTrade supports AUD, EUR, GBP and USD as account base currencies. The currencies and funding methods available to you depend on your home country.
eToro KWD account
Unfortunately, eToro.com only supports the USD as an account currency. This means that any deposits and withdrawals you make from KWD into USD will be subject to eToro's 0.50% currency conversion fee. This amounts to a 1% haircut on money coming in and out of your account.
HotForex KWD account
Unfortunately, HF Markets (formerly HotForex.com) doesn't support KWD as an account base currencies in any of its entities. If you live in Kuwait and opened an account with HF Markets, you'd have a choice between USD and EUR.
XM KWD account
XM supports a wide range of account currencies (including USD, EUR, GBP and AUD), but their customer support team confirmed that KWD isn't one of them.