Forex Trading in Kuwait

Welcome to Kuwait Forex Trading blog. I am working as full time trader for two years. Kuwait is growing up in term of number of traders coming toward online trading including Forex, Commodities, indices, Metals and CFD's.

When it comes to Forex trading in Kuwait, it is not different from other countries or region. The increasing number of Kuwaiti's coming toward online trading shows the market confidence. There is so many online trading brokers in market and giving good services in Kuwait Region.


The Forex market in Kuwait is quite small as per its overall size, compared to other international markets but the local market has already taken the overseas market in term of investments. According to my research through different sources, over 70,000 individual investors and traders had done online trading in 2011.


Kuwait, officially the State of Kuwait, is an Arab country in Western Asia. Situated in the northeastern edge of the Arabian peninsula at the tip of the Persian Gulf, it shares borders with Iraq to the north and Saudi Arabia to the south.
Wikipedia

Capital: Kuwait City

Dialing code: 965

Currency: Kuwaiti dinar

Population: 2.818 million (2011) World Bank

Government: Hereditary monarchy, Unitary state, Constitutional monarchy

Official language: Arabic Language

Tips to choose Forex broker in Kuwait

The Importance of selecting the right Forex broker is really important to any trader that wants to become successful when they join the forex market. 

Before any trader begins trading, you will need to select a suitable broker that goes with your method of trading. There are a lot of Forex brokers to choose from, but the question is how do you know which one to pick? To ensure you select the right and suitable Forex broker, there are some necessary tips to narrow down your choices and help you select the most suitable Forex broker that meets your needs.

Finding best Forex broker in Kuwait can be a difficult task but it can be make easy if you follow following steps .

Do your Research

Just like any other business or venture you decided to invest in, doing your research is the most obvious and important step to take. When you decide to choose a forex broker to do business with, it’s important you do your research which includes reviews, recommendations by other traders, options and so much more. 

• Is the broker a licensed and regulated broker?

• Does the broker offer clients fixed or non-fixed spreads?

• How much leverage will the broker offer?

• Is the broker offering any added-value? Such as charting, news, market commentaries etc.

Compare brokers.

Before you conclude on which forex broker to go with, comparing brokers is a very helpful tip. It is very important you choose carefully when it comes to forex brokers. Some may be offering clients additional services and tutorials on how to use their trading platforms, while some may charge extra for the services and some may not even include additional services.

Step 4 – Use demo accounts

The use of demo accounts is another helpful tip when it comes to selecting the appropriate forex broker. After you have narrowed down your choices, use the demo account for each to learn the different features of each of the trading platform. The difference between using a real account and demo account is that, demo accounts allows traders to practice trading using the account and test the features and strategies before they use real money.

Kuwait Regulated Forex Brokers

Kuwaiti Citizens and expats living there, are very familiar with Forex Trading. Unfortunately, there are not too many Forex brokers in Kuwait, who have been legalized by Central bank of Kuwait or under any strict compliance within local Kuwaiti Jurisdiction.

Forex traders in Kuwait constantly been trapped and made fooled by non-regulated Forex brokers, claiming to be No.1 broker in the world. However, this is advisable to always check, if your trading broker is regulated and under compliance of CBK or any local authority in Kuwait.

In case, if your broker is not regulated or have any local presence in Kuwait, make sure, Forex broker is regulated by FCA-UK, which is at least more strict and well reputed regulated authority.

UAE 
Dubai Financial Services Authority (DFSA) www.dfsa.ae

Australia
Australia Australian Securities and Investment Commission (ASIC) www.asic.gov.au

Germany 
Federal Financial Supervisory Authority (BaFin) www.bafin.de 

Kuwait:
Ministry of Commerce and Industry in Kuwait www.moci.gov.kw 
Kuwait Chamber of Commerce & Industry (KCCI) www.kuwaitchamber.org.kw

United Kingdom:
UK Financial Services Authority (FSA UK) www.fsa.gov.uk

HY MARKETS RE-BRANDS AS HYCM | Kuwait Forex Trading

Henyep Capital Markets, a.k.a. HY Markets, announced on Monday it is rebranding as HYCM. Its capital investment brands PIPtrade and Henyep Capital Markets (DIFC) also come under the umbrella of the HYCM.com website, which will provide access to a new multi-asset web platform, called PrimeTrader.

According to the announcement, existing clients of HY Markets can log in to the new website with their HY Markets usernames and passwords. Users of HY MetaTrader 4 platform may continue trading on it, while active webtrader users are referred to the new PrimeTrader platform. HYCM’s new flagship platform provides complete online account management, advanced charting package, and integrated pricing.

The broker offers trading more than 100 financial instruments: wide range of currency pairs, various CFDs on indices, commodities, stocks and precious metals, available on two trading platforms. Clients are able to open an account with just $100, use leverage up to 1:500, and choose from three account types – Micro, Standard and VIP. What is more, the company also offers binaries trading service through its HY Options brand.

Set up 35 years ago, the Henyep Group is a global conglomerate with various business activities spanning 3 continents and 20 countries world-wide. It operates out of its offices in London, Dubai, Hong Kong, Kuwait and Cyprus and is regulated by the relevant authorities in those countries.

iForex Review - Kuwait Fx

iForex was established in 1996 by bankers and forex dealers which have grown to be one of the largest firms in the financial industry by providing clients with high quality customer service, advanced technology and global product diversity. iForex provide its clients with a unique trading platform customized to give clients an exceptional trading experience and volume activity.

The company provides clients with a direct access to experienced and highly trained dealers 24 hours a day, five day a week through email, online chat and telephone. 

iForex trading platforms are suitable for both new and professional traders in the Forex Market. The provided trading platforms allow traders to execute trades while viewing live.

Kuwait Stocks Gains Almost 142.44 pts

Stocks in Kuwait were seen climbing sharply on Sunday, extending gains. Kuwait stocks soared 142.44 points to 7729.85 points driven by the banks and other heavyweights with positive sentiment. The KSX 15 gauge rose 22.26 points to 1090.68 points adding close to 40 points. The volume turnover rebounded higher than the 600 million mark for the second time this month, reaching 615.11 million shares.

Most of the sectors were seen boosting, apart from the technology sector which lost 0.09%, while the financial sector gained the most with a 2.83% increase and the real estate sector followed with a 2.46% gain. With Volumes, the financial sector led the gains with 39.89% market share, while the real estate followed with 32.42%. The basic materials came in third with 14.58%. The country’s National Industries Group advanced 15 fils to KD 0.270, while City Group rose 25 fils to KD 0.400. Kuwait Gulf Links gained 2 fils on back of 1.57 million shares. The National Bank of Kuwait advanced by 10 fils with volume of 2.95 million shares, while Gulf Bank closed at KD 0.405.

Among the main movers were Zain rising by KD 0.680 and Agility gained 20 fils. First Dubai edged up 9.43% to KD 0.116 and Noor Financial Services rose 9.26%. Future Global declined 6.67%.

Kuwait Cement Co remained unchanged at KD 0.365, while Metal and Recycling Company edged 2 fils higher to KD 0.116. Jazeera Airways gained 10 fils higher at KD 0.540, while Guld Cables jumped 30 fils. Kuwait International Bank was unchanged at KD 0.315, gaining the central bank’s permission to extend its period to buy or sell up to 10% of its own shares in the next six months. Kuwait Finance House edged up 20 fils on back of over 8 million shares, while Boubyan Bank remained at KD 0.620.

Arab financial broker review - Kuwait Fx

Arab Financial Brokers (AFB) is a closed shareholding company, which is registered under the Kuwait commercial law. The Financial Company was established to monitor clients who are heavily into trading in the futures and spot forex market.

The main aim of the Arab Financial Brokers (AFB) is to provide clients in the Middle East with the best technological infrastructure, advanced forex trading software, accuracy and the best possible customer services.

The management of AFB consists of a team of experienced forex professionals and experts to guiding customers in the Middle East and countries worldwide.

The Arab Financial Brokers (AFB) is aligned with referring parties that introduces new clients and traders to AFB and its services. Arab Financial Brokers responds to its clients from the Gulf region in particular falling in line with the Islamic Shariah law. Clients from the region that chooses to follow the Islamic Shariah law, have the opportunity to run their own Forex Islamic accounts.

AFB is the parent company to AFBFX, a leading forex brokerage that provides traders with an excellent trading service and several trading platforms and forex accounts.

Arab Financial Brokers Trader is the company’s online trading platform that allows its clients to access the global market and access to real-time tradable prices 24 hours a day.

While the Arab Financial Broker’s Multi Terminal platform gives clients the opportunity to trade and monitor multiple accounts from a single platform. 

Clients are provided with an online learning center to educate clients on the basics and offer potential on Forex through Arab Financial Brokers.

A 24-hour customer service and dealing support is provided along with Arab Financial Brokers trading platform.

Currency trading introduction - Kuwait Forex

Currency Trading is when currencies are bought and sold in different currencies from around the world. The forex market allows traders to trade currencies in large volumes. The forex market is one of the largest financial markets in the world, with almost $4 trillion traded daily. The forex market is the most liquid market than any other market.

Most Popular Currency pairs

Currencies are traded in pairs; for example the U.S dollar and the Swiss franc (USD/CHF). The currencies in each pair are traded one against the other. 

The rate at which the currency pairs are traded is referred to as the exchange rate; the exchange rate is affected by the supply and demand of each currency.

The major currencies traded in the forex exchange market are called the major currencies. The major currencies traded are:

• The United States dollar (USD), which is most currencies are traded against.

• The euro zone euro (EUR)

• The Japanese yen (JPY)

• The British pound sterling (GBP)

• The Australian dollar (AUD)

• The Swiss franc (CHF).

The four major currency pairs are:

• EUR/USD

• USD/JPY

• USD/CHF

• GBP/USD

The pricing and quotation of each currency is determined by its value against another currency. The first currency pair is called the base currency, while the second currency in the currency pair is called the quote currency.

The buy price or bid of a currency represents how much of the quote currency is required to get a unit of the base currency. When the currency pair is sold, you sell the base currency to obtain the quote currency.

The sell price or ask price of a currency pair stands for how much you will receive in the quote currency for selling a unit of the base currency.

Kuwait Real Estate Sector Sales Climbs - Kuwait FX Trading

Earlier today, data for Kuwait’s real-estate sector was released, indicating a rise of 72% year-on-year in July to KD 426 million. Sales in the real- estate sector have strengthened in July as the monthly value reached its highest in six years. Sales in the residential sector advanced to KD 191 million in July, it edged up 35% higher year-on-year increase. Extending its gains from the previous months, the rise followed the increase in the average transactions size, which rose 36% year-on-year.

The rise in the average transaction size was caused by the year-on-year rise in average sized homes purchased in the month of July 2013, however the rise was majorly caused by the in the average price per meter-square of homes and plots.

The country’s investment sector totaled to KD 176 million in July, compared to the amount seen last year. Along with the increase of 22% in the average transaction size, huge sales in July were seen with a total number of transactions of 63% year-on-year.

While the Commercial sector reached its highest level as the sales for the sector reached KD 59 million in July. The commercial section has seen major growth and improvements this year, seeing a huge year-on-year gains in 6 months. However, the Kuwait Investment Authority could be also be a part of the active role to the strong commercial sales. The Savings and Credit Bank approved KD 36 million in loans in July.

KSE closes mixed

Kuwait Stock Exchange (KSE) closed Monday’s session mixed, as the main index lost 0.89 points, reaching 459.7 points. The price index dragged down by 74.07 points reaching 8000.27 points, while KSX 15 rose by 1.52 points standing at 1062.83 points.

3971 trades were seen during the session. The trades were worth up to KD 21.1 million with 184.4 million shares exchanged.

Monday’s top movers were (IFAHR), (SAFWAN), (FIRSTDUBAI), (MARKAZ), and (BAYANINV). While the top volume stocks were (ADNC), (MANAZEL), (GFH), (ABYAAR), and (QCEM).

Kuwait Energy announce positive Q2 revenue

Kuwait Energy, one of the Middle East’s leading and fastest growing independent oil and gas Production Company announced its revenue for the second quarter of 2013 on Tuesday. Kuwait Energy revenue for the second quarter advanced by 51.8% on an annual basis to $77.6 million compared to previous last year’s record of $51.1 million.

The oil and gas production company rose 37.3% year-on-year to 23,221 boepd from 16,906 boepd last year. The second quarter revenue went up by 21.2%, to $77.6 million, compared to the first quarter revenue of $64.0 million.  While the second quarter production, went up by 7.6% quarter-on-quarter, to 23,221 boepd.

The rise in Kuwait Energy’s revenue and production were boosted because of the recent contributions from the Shahad SE field in ERQ. 

In a statement released by Kuwait Energy, $25 million from a short-term debt facility with Kuwait International Bank was repaid during the quarter, while a new short-term facility of $15 million with Qatar Bank was established.

The Chief Executive of Kuwait Energy Sara Akbar said “The second quarter of 2013 has been a phenomenal success from a revenue perspective as we recorded outstanding year-on-year and quarter-on-quarter increases. Our recent acquisition in Yemen continues to contribute material levels of production whilst new production coming in on stream in Egypt also has provided welcome momentum. This operational and financial success in the first half of the year gives me great confidence in Kuwait Energy's full year performance."

Major Currencies Firm against Kuwait Dinar

Exchange rates of major currencies were stable against the Kuwaiti dinar on Monday, as the US dollar was stable at KD 0.283.

The Central Bank of Kuwait stated in its daily bulletin that the euro’s exchange rate against the Kuwaiti dinar was stable at KD 0.379, the Japanese yen was stable at KD 0.003, the Swiss franc was stable at KD 0.307 and the pound sterling was stable at KD 0.441.

According to minutes released from the FOMC August gathering, the minutes showed that policymakers from the Federal Open Market Committee (FOMC) have agreed with the tapering of the $85 billion monthly bond-buying program later this year.

The developments in the UK’s economy have significantly advanced in the second quarter of the year, surpassing analysts’ expectations. 

National Bank of Kuwait Listed Among 50 Safest Banks In The World.

The National Bank of Kuwait has been listed among the 50 safest banks in the world for the eighth time running. Ranked at 37, NBK represents the success of the bank’s strategy and specialization in its services and management excellence. Listed as the only Arab bank in the list of safest banks in the world, NBK is ranked higher than the most of the international financial well-known firms such as Bank Tokyo-Mitsubishi UFJ and US Bancorp.

The International finance magazine Global Finance, compiled and ranked the world’s 50 safest banks based on estimates and evaluations of long-term credit ratings from Standard & Poor’s, Fitch Ratings and the sum of assets of 500 largest banks worldwide. The World’s 50 safest banks compiled by the Global Finance magazine have been recognized and reliable for the financial world for more than 20 years.

NBK stands as the highest ranked bank in the Middle East from Moody’s, Standard and Poor’s and Fitch Ratings.

NBK is ranked by its disciplined approach in risk management, high capitalization and its cautious loan policies, including its highly qualified and stable management team.

Choosing best Forex broker in Kuwait

Do you want to know , how you can find best Forex broker in Kuwait? If yes, there are certain factors to be considered. Choosing Forex broker is not simple. I , myself, got tough time, which broker i should start trading. Its really confusing but at the same time, you have to take smart decision before you invest your money. lol :)

Let take it like this, i have found regulated Forex broker but at the same time, their spread rates are bit high so what to do. I will suggest you to go with it. Why? because it is at least giving you surety that your investment is safe..

Here are some tips to choose best Forex broker.

Why Regulated Forex brokers ? Kuwait Fx trading

From my experience, my first Forex broker in Kuwait was not regulated at all and never came to know about the importance of regulated Forex brokers until I got scammed. I lost my money, and was not able to claim the broker. Then i educated my self regarding safety of forex trader with brokers and came up importance of regulated Forex brokers. Before a trader can begin Forex trading in Kuwait, you will need to sign up with a Forex broker first and download their trading platform.

Traders will have to meet the necessary trading requirements, and also make sure that their forex broker is regulated. A regulated forex broker is an associate of a legitimate financial authority. When a broker is regulated, their corporate practices are carefully examined and monitored to ensure that they follow the rules and procedures imposed by the regulators. Some of the rules given by the regulators differ from each other.

Kuwait to invest $5 bn in the UK - Kuwait Forex brokers

The Kuwait Investment Authority (KIA) is looking to invest as much as $5 billion in infrastructure assets in the UK, in the next five years according to the Financial Times.

As the State of Kuwait’s sovereign wealth fund, KIA is targeting and planning on how to increase returns and keep interest rates lowered by investing into strong regulated infrastructure projects, according to Managing Director Bader Al-Saad.

The plan came up just after the KIA failed last month 5.3 billion takeover offer for the British water utility Severn Trent.

“We are looking at brownfield projects because of the cash flow streams and to diversify our portfolio, as we don't think there is any money to make in fixed income, because of the zero interest rates,” Mr Saad stated. “Development is a different ball game, we are not developers. We are providers of long-term capital.”

The Kuwait Investment Authority is recognized as one of the largest sovereign wealth funds in the world with over $400 billion worth of assets under its management.

Islamic Forex Brokers - Kuwait Forex trading

The usual Forex trading can be quite difficult for some Muslims that abide the Sharia law, because forex trading involves interest while in the Sharia law, Muslims are not allowed taking any sort of interest from any business. That why in the Forex trade, such traders can trade with the use of an Islamic Forex account to trade.

With the Forex market being so diverse, from the brokers and platforms to choose from, one of them is the Islamic Forex trading account. An Islamic Forex account is like any other trading account excluding the interest payment that comes with most Forex trading accounts.

Kuwait Investment Authority (KIA) - Overview | Kuwait Forex Trading

The Kuwait Investment Authority is an independent government organization that handles the management and administration for various funds that is owned by the Minister of Finance for the behalf of the state of Kuwait. Some of the funds the KIA manages includes, the General Reserve Fund (GRF) and assets of the Future Generations Fund (FGF).

 The Kuwait Investment Authority (KIA) invests in both international and local Markets with its main office in Kuwait City and a branch office located in London, United Kingdom.

No-risk forex demo account - Start Practice online trading today

Start trading online with Henyep KCIC, Henyep-KCIC Capital Markets (Henyep-KCIC) is a co-operation between KCIC, a leading Kuwait based CMA regulated investment firm and Henyep Investment, a London based global leader in capital markets trading, specializing in foreign exchange and CFD's on commodities, metals, equities, and indices traded through advanced online trading platforms.

Basic Forex Terms education - Kuwait Forex Trading

Hi Guys, Here are some common Terms used in Forex trading. If you are new or have just started Forex Trading in Kuwait, its valued resource to learn.

Pips:

The Price Index Point or the Percentage in Point is commonly known as PIP in the forex trading .Most currencies pair’s exchange rates are represented in four decimal currency pairs like this $0.0001. The change in one point in the fourth decimal point is referred to as the PIP.

9 Secrets to Successful Forex Trading - Kuwait Forex

The Forex trading market is one of the largest financial market in the world and in order to ensure you run a successful trade its important you know the main key points and the secrets to successful Forex trading .There are various outlooks in Forex trading , from the fundamental analysis to the technical chart reading and more which we can refer to as the elements of trading psychology.

It’s not compulsory to follow each one of these steps as it is but it is advisable to know the basics and foundation of these secrets to Forex trading that could lead you to Forex success.

Kuwait Economy Overview - Kuwait Forex Trading

The state of Kuwait’s economy depends mainly on its sturdy oil revenues it produces. Kuwait produces a large amount of crude oil reserves, producing approximately over 100 billion barrels every day.

The State of Kuwait may be small but is the third largest oil reserves in the world. The non-oil revenue is a total of nearly 8% of the country’s economy revenue. Kuwait’s GDP shows 95% of export revenues and 95% of government income.

Currency Trading -Kuwait Forex trading

When it comes to becoming a forex trader and getting involved in the forex market, it is simple and easy. Traders can get the access to the forex market from anywhere they are, whether you are on a holiday, at the office or at home. Before a trader invests into the forex market or wants to get involve in currency trading, a trader is required to know the basics of currency trading.

Currency trading is the buying and selling of different currencies from different countries around the world. Traders can trade currencies in volume in the forex market.

Forex Vs Stock Trading - Kuwait Forex trading

Forex trading is constantly expanding ever since it was introduced in Kuwait by the first Kuwaiti shareholding company National Bank of Kuwait in 1952. In 1995, the Kuwait stock exchange introduced its first electronic trading system. While forwards were later introduced in 1998.

The Kuwait stock exchange market’s capitalization has been one of the largest in the Arab region and market, with a net worth of $100 billion in market value. KSE has a deeper stock market than any other regional peers.

Strategies for Forex Trading - Kuwait Forex Trading

The Forex market attracts investors and traders from around the world, giving traders the opportunity to earn profits from the largest financial market in the world. However, just like any other business, traders can also lose a lot of money just as much as they can make a lot of money in the forex market.