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Best Trading Platform in Bahrain 2021

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The best trading platforms in Bahrain are: eToro, IQ Option, Pepperstone, AVATrade, Interactive Brokers and XM Trade. These are the best-regulated brokerage firms for Bahraini citizens. Beginner traders prefer the services at AVATrade over eToro. Experienced traders choose IQ Option because of asset versatility. 

This article will discuss the top brokers and platforms for Bahraini citizens. 

Best Trading Platform Bahrain 

  • eToro is the best broker for social trading in Bahrain.
  • IQ Option is the best broker for options trading in Bahrain.
  • Papperstone is the leading CFD broker for Bahraini citizens.
  • AVAtrade has the leading beginner-friendly trading platform.
  • Interactive Brokers has the best overall offering.
  • XM has the best trading platform for forex trading. 

Best Online Brokers Bahrain 2021

RANKBROKERGENERALBEST FOR
#1eToroBest for copy tradingSocial Trading
#2IQ OptionBest overall offerOptions, stocks, forex and crypto
#3PapperstoneBest for social tradingCFDs
#4AVAtradeBest web trading platformBeginners
#5XMBest for forex tradingForex trading

TOP 5 Trading Platforms in Overview:

01. eToro: The Top Social Trading Broker

best-trading-platform-in-bahrain

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 CFDs over stocks, currencies, crypto, indices, and commodities. 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. IQ Option: The Best Bahraini Broker For Binary Options

IQ-option-logo-1

IQ Option is the best online broker for options trading, known for low spreads, a sophisticated trading platform, free demo account options, and responsive customer support. It is a great platform for traders looking to invest in options on a feature-rich and easy-to-use platform.

The trading experience on their proprietary web, desktop, and mobile platforms is smooth. It is an easy to learn and navigate platform suitable for professional and beginning traders. Their platform offers a great variety of charting tools that help traders predict future market movements.

 IQ Option is a trustworthy online broker subject to the highest standards of regulation and safety in the industry. It is a CySEC (​Cyprus Securities and Exchange Commissio​n) authorized company with a 100% clean history.


03. Pepperstone: The Leading CFD Broker For Bahraini Clients 

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, and an above-average research section, and an award-winning set of educational tools.


04. AVA Trade: The Leading Beginner-friendly Web Trading Platform In Bahrain 

avatrade-logo

Founded in Dublin in 2006, AvaTrade offers average-to-competitive fee spreads and several tradable currency pairs and CFD’s over stocks. They provide several platforms, each aimed towards traders with different experience and skill levels.

Deposits and withdrawals are free of charge. The minimum deposit is $100. There are fees for inactivity and overnight financing. A dedicated educational and research site offers several free courses, videos, and market analysis.

Customer support is responsive and available through phone, email, and live chat. AvaTrade is regulated in six jurisdictions and available since 2021 in the UAE. They are regarded as a trusted broker with a long operational history.


05. XM Trade: The Best Overall Forex Trading Platform For Bahraini Citizens

XM.com is part of a much larger organization called the Trading Point of Financial Instruments UK Limited. This organization created the exam group in 2009, which then founded XM.com, which is now one of the best established and well-known investment firms in the world.

XM is chosen by many traders because their website is available in Arabic, and include excessive market information and educational content. They provide quality customer service, that includes a Dubai-based telephone line and Arabic email support. More details in our review.

They also offer some of the most powerful trading tools and many device apps, along with MetaTrader 4 & MT5


Final Verdict 

eToro, IQ Option, Pepperstone, AVATrade, and XM Trade are the top trading platforms in Bahrain. The range of trading assets available to Bahraini residents is impressive. Citizens trade in forex, stocks, ETFs, CFDs, and many other assets. This asset variety allows Bahraini citizens many options for investing success. 

Frequently Asked Questions 

We use real accounts and money for all our broker reviews. Each review uses 105 data points across five major categories. Read about our techniques in our Methodology section. 

How We Identify A Reliable Platform 

We selected the best trading platforms in Bahrain in 2021 based on many factors. User experience, customer service, and commissions are some of the criteria used. 

Safety Risks For Bahraini Citizens  

A reliable broker for Bahraini citizens has top-tier licenses. Trustworthy brokerage firms are present on an exchange or have a banking history. Trading has some risks because not all brokers are transparent. It helps if you read our in-depth reviews to learn about each broker and their safety risks. 

What Is The Financial Regulatory Authority In Bahrain? 

The Central Bank of Bahrain handles the financial sector of Bahrain. It focuses on insurance, asset management, and banking industries. The CBB encourages Bahraini residents to opt for a UKFCA or ASIC regulated trading platform. 

Read more about the CBB on their official  website

How We Chose The Best Trading Platforms For Bahrain Residents

We identified the best trading platforms in Bahrain in 2021 after in-depth research. The 105 unique data points we use in our reviews are grouped according to the following categories below: 

Costs:  A transparent fee policy contributes to a good trading experience. Some brokerage firms have higher commissions than others. 

Account:  Some Bahraini brokers have minimum deposit fees. Others won’t request a minimum deposit for creating new accounts. 

Withdrawal and deposit:  Depositing funds takes longer with some brokers than others. Read about broker’s policies for Bahraini residents in our reviews. 

Market and products:  Each broker has its own product coverage. It would help if you learned about markets and products available in Bahrain. 

Trading platform:  A versatile trading platform contributes to an excellent trading experience. Access to professional tools helps you improve your trading skills. 

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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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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