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Best Forex Brokers in Bahrain 2021

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The best forex brokers in Bahrain are eToro, Pepperstone, Saxo Bank, Swissquote, Interactive Brokers, XM, and XTB. Some traders prefer the VIP experience at Saxo Bank. Others enjoy the low trading fees at Pepperstone. 

Each broker has advantages and disadvantages. This review discusses the best forex brokers in Bahrain in 2021. 

The Top 7 Forex Brokers Of 2021 For Bahraini Citizens  

Our review uses a Trust Score Ranking system. The brokers included are the leading forex providers in Bahrain: 

  • eToro has the best social trading services for Bahraini traders. 
  • Pepperstone has the lowest trading fees in Bahrain. 
  • Saxo Bank has the best VIP client experience.
  • Swissquote has the best banking services.
  • Interactive Brokers has the best tools for professional traders.
  • XM  has the best forex trading services for Bahraini citizens.
  • XTB has the best services for inexperienced traders.

Best Forex Brokers in Bahrain 2021

RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1eToroBest overall offer4.9/5Best overall offerOfficial website
#2PepperstoneLow trading fees4.8/5Best for beginnersOfficial website
#3Saxo BankBest for CFD trading4.8/5Best VIP client experianceOfficial website
#4SwissquoteBest UX4.7/5Best banking servicesOfficial website
#5Interactive BrokersBest for professionals4.6/5Low feesOfficial website
#6XMBest for forex trading4.6/5Forex tradingOfficial website
#7XTBBest for beginners4.5/5Best platform for beginnersOfficial website

TOP 7 Forex Brokers in Overview:

01. eToro: Best Social Trading Broker For Bahraini Traders 

etoro-login

eToro is a safe online broker regulated by top-tier financial regulators. It is known for its multi-asset, features-rich trading platform, and advanced social copy trading features. This lets users copy trades and portfolios from other traders. Built in a forum-like way, it allows engagement between peers through a comment section.

eToro offers a range of different tradable assets including stocks, currencies, cryptos, indices, and commodities, but most are only available as CFDs. Trading spreads are wide; deposits are free. There are conversion and inactivity fees. eToro provides a comprehensive list of technical tools, charts, and newsfeeds. Their customer support is available through email and live chat.


02. Pepperstone: Lowest Forex Trading Fees 

pepperstone-logo-1

Based in Melbourne, Australia, Pepperstone is a reliable Forex and CFD broker, known for its diversity of trading platforms, industry-leading pricing, fast account opening, and great support. Pepperstone users can trade many assets including forex, CFDs, cryptocurrencies, indexes, shares, and commodities. This broker is excellent for traders at all levels, from beginners to advanced. 

Pepperstone offers MetaTrader and cTrader with multiple self-developed add-ons. They do not have a proprietary mobile platform, instead use MT4 and cTrader mobile apps. It has a low minimum deposit, great customer support, an above-average research section, and an award-winning set of educational tools.


03. Saxo Bank: Best VIP Experience For Bahraini Clients 

saxo-bank-logo

Founded in 1992, Saxo Bank is a low-risk online broker, well-regulated bank by the FCA (UK), FINMA (Switzerland), ASIC, FSC (Australia), and JFSA (Japan). Saxo Bank is the best trading platform for forex and CFD broker known for their intuitive SaxoTraderGO platform, competitive margin rates, and more than 40,000 trading instruments. The overall user experience is great. The opening deposit is USD 10,000 ( GBP 500 for the UK, SGD 500 for Singapore). 

Saxo Bank provides a unique platform and competitive pricing. They combine high-quality in-house research with top-tier third-party providers to offer an outstanding research experience. Their customer service is outstanding. UAE citizens are offered the ability to trade in compliance with Sharia law using an Islamic account. Support is available in the Arabic language by email or directly in the local offices.


04. Swissquote: Best Banking Services In Bahrain 

Swissquote is the best beginner-friendly online broker for forex and CFD trading. It is reliable and well-regulated by top-tier authorities. The asset variety at Swissquote includes stocks, features, funds, and options.

Our review reveals that Swissquote has an excellent platform. It offers fast deposit and withdrawal, along with excellent research tools.


05. Interactive Brokers: Best Platform For Professional Traders 

Interactive Brokers is a safe online broker known for its Trader’s Workstation platform, zero-commission trades, great variety of trading tools, and leading pricing for professionals. We recommend it to casual investors and advanced traders.

Interactive Brokers offers access to 135 global markets in 33 countries. Its portfolio is vast and has 68 distinct order types including: Stocks, Options, Futures, Bonds. All these assets are available in 31 currencies. Professional traders enjoy the industry-leading low fees and low margin rates. It has premium trading platforms for Day, Mobile, Options, and Futures traders.  Both casual and beginner traders can use this broker’s platform. It is straightforward and has diverse research and education tools.  


06. XM: Best Forex Trading Platform In Bahrain 

xm-forex-logo

XM.com is the best broker for forex and CFD trading. They offer the best Social Copy Trading opportunities through their full suite of MT4 and MT5 web, desktop, and mobile platforms. XM Forex tools and accounts are suitable for both beginning and experienced traders. They have more than 1.5 million clients in 196 countries.

Their minimum opening fees range from $5 to $100 based on account type. XM Forex supports clients wanting to sample their platform with a Demo account. They provide auto-trading, fast order executions, multiple order types, and no hidden commissions. Their research group Tradepedia offers courses aimed at all levels. XM Forex customer service group is highly rated with e-mail, phone, and live chat 24/5. XM Forex Global Web-trade is regulated by CySEC, ASIC, IFSC and is considered a safe broker for trading forex and CFDs.


07. XTB: Best Beginner-Friendly Forex Trading Platform 

XTB is a forex and CFD trader with a long track record on the market. It is highly regulated by the leading financial regulators, including the FCA and Cyprus’s CySec. XTB is listed on the Warsaw stock exchange.

This online broker has impressive research tools. Withdrawing and depositing funds with XTB is transparent and fast.


Final Verdict  

eToro, Pepperstone, Saxo Bank, Swissquote, Interactive Brokers, XM, and XTB are the best forex brokers in Bahrain. eToro is our top choice because of its world-class social trading services. Pepperstone is our second choice for the lowest trading fees in Bahrain. Traders searching for the best banking services choose Swissquote. Professional Bahraini traders choose the professional trading platform at Interactive Brokers. Check our in-depth reviews to discover the best broker for your trading needs. 

Frequently Asked Questions  

We review online forex brokers with real accounts and money. We use 105 unique data points, like safety, fees, and account types. Read about our reviewing techniques in our Methodology section. 

How We Identify A Reliable Forex Broker?

The core aspect of our research is safety and security. All seven of these brokers have licenses from reliable regulators like the ASIC, FCA, and CySEC. Assets, markets, and platforms are the main points we discuss. 

Safety Risks For Bahraini Citizens  

Online forex trading in Bahrain is legal. Most traders select a brokerage firm licensed by a top-tier authority. The main forex trading licenses are from the ASIC, FCA, and CySEC. 

What Is The Financial Regulatory Authority In Bahrain? 

The financial regulatory authority in Bahrain is the Central Bank of Bahrain. It handles insurance, assets, and banking services. The CBB recommends to all Bahraini traders to choose a top-tier-regulated forex broker. 

Refer to the CBB for local regulations and restrictions. 

How We Chose The Top International Forex Brokers For Bahraini Residents?    

We chose the top international forex brokers for Bahraini residents after thorough research. We use 105 criteria like: 

Costs: A reliable Bahraini broker has a transparent fee policy. Some forex brokers have higher prices than others. Read our in-depth reviews to learn about the “all-in costs” of each broker. 

Accounts: Each forex broker has distinct account types. Some online brokers have a single account type. Others have many account tiers. Verify what kind of account suits your trading needs by reading our in-depth reviews. 

Withdrawal and deposit: Withdrawing and depositing funds should be simple. Some Bahraini brokers have minimum deposit fees. Others won’t request an initial deposit for creating an account, but charge a fee for withdrawing money. Read about the withdrawing and depositing process in our in-depth reviews. 

Market and products: Market and products differ from broker to broker. Some Bahraini brokers have a wide range of currency pairs, while others offer a limited set. Learn about Bahraini forex brokers and their offerings in our in-depth reviews. 

Trading platforms: A good trading experience begins with a user-friendly platform. Select a broker with a reliable and straightforward platform. The brokers mentioned in this article have excellent platforms, but some are difficult to use. Check our reviews to discover which platform is best for your trading experience. 

Our Methodology

We took the time to analyze and compare the top 30 international trading platforms in 2021. So, each firm received its review based on 105 distinct variables and more than 50,000 words of research.

Keep in mind that broker involvement was optional. Each broker had the option to provide a detailed profile and offer adequate time for a yearly update meeting. This opportunity came with two possibilities: giving information over the web or live in person.

We checked all the information provided by brokers with a lot of attention to details. Our purpose was to offer you access to reliable, accurate, and well-researched data. Our validation process comes with less than a 1% error rate per year, as all the reviews we share come with a focus on quality and not quantity.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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