Best Forex Brokers for Bahrain in 2021

Best Forex Brokers for Bahrain in 2021

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Bahrain is a Middle Eastern archipelago that is found in the Persian Gulf, flanked by Saudi Arabia and Qatar. It is known for social liberalism, Western-friendly moderation, and the widespread adoption of forex trading in recent years. Bahrain traders have a choice in some of the best forex brokers in the world that accept Bahrain traders, including:

  1. RoboForex
  2. Alpari
  3. NordFX
  4. XTB
  5. Exness

1. RoboForex

RoboForex is a forex trading broker and trading platform established in 2009 in Belize. RoboForex’s CEO is Rudolph Simmons, who has been in the position for more than five years. RoboForex is regulated by IFSC and has a trading volume of $4.3 billion daily.

In terms of forex traders, there are more than 730,000 registered forex traders, according to the official RoboForex website. According to reliable sources, there are between 50 and 1,000 employees are currently working for RoboForex.

There is a minimum deposit of $10 when forex traders register a real account with RoboForex. In terms of forex trading fees, RoboForex charges 0-pip spreads and commissions of $0.0045.

Regarding trade execution speeds, forex traders can expect trades to be executed within 150 and 400 milliseconds. Where website and client fund security is concerned, RoboForex uses innovative technologies, account segregation, and other stringent protocols.

In terms of financial markets, RoboForex offers a variety of tradable financial instruments across these asset classes:

  • Forex
  • Commodities
  • CFDs
  • ETFs
  • Metals
  • Energies
  • Cryptocurrency

Regarding trading software for RoboForex, forex traders can use the following applications:

  1. MetaTrader 4
  2. MetaTrader 5
  3. RoboForex R Trader
  4. cTrader

Regarding the research and training provided by RoboForex, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:

  1. Economic calendar
  2. Trading Tips
  3. Educational Videos
  4. Trading Guides
  5. Indices Charts
  6. Forex Analysis and Forecasts
  7. RoboForex Analytics
  8. RoboForex R Trader Strategy Builder, and several other tools and resources.

In terms of customer support, RoboForex can be contacted through:

  • Facebook
  • Twitter
  • Instagram
  • Email
  • Telephone
  • Live chat

In terms of the service area, RoboForex serves traders from around the world except for traders from these regions:

  • Japan
  • United States
  • Canada
  • Australia

In terms of currency types, RoboForex supports the following currencies:

  • EUR
  • USD
  • PLN
  • CNY and several others.

When compared to other forex brokers, RoboForex offers the following unique sides and features:

  • Unique RoboForex R Trader Strategy Builder
  • Bonuses and promotions
  • Affiliate program
  • Award-winning service

RoboForex is a very active forex broker in Bahrain with thousands of registered forex traders. RoboForex has a large portion of the market share amidst other competitors. There are no privileges offered specifically for Bahrain citizens, such as promotions, but Bahrain traders can still expect excellent, competitive trading conditions.

RoboForex is a popular choice for Bahrain citizens because of its versatile trading solutions, choice in account types, dynamic trading software, and more.

To get more information, you can read the RoboForex review.

2. Alpari

Alpari is a forex trading broker and trading platform established in Russia in 1998 by a small group of professional, experienced investors and traders. Alpari’s CEO is Vladimir Verbitskiy, who has held the position for over three years from 2018. Alpari is regulated by Financial Services Commission (FSC), and its average volume of daily transactions is more than $3 billion.

In terms of forex traders, there are more than 2 million registered forex traders, according to the official Alpari website. According to reliable sources, there are between 500 and 1,000 employees are currently working for Alpari.

There is a minimum deposit of 5 USD when forex traders register a real account with Alpari. In terms of forex trading fees, Alpari charges spreads from 0.4 pips and commissions from $1.5 per lot per side.

Regarding trade execution speeds, forex traders can expect trades to be executed within 0.06 seconds. Where website and client fund security are concerned, Alpari is known for providing a safe and secure trading environment.

In terms of financial markets, Alpari offers a variety of tradable financial instruments across these asset classes:

  • Forex
  • Spot Metals
  • Spot CFDs
  • Cryptocurrencies

Regarding trading software for Alpari, forex traders can use the following applications:

  1. MetaTrader 4
  2. MetaTrader 5

Regarding the research and training provided by Alpari, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:

  1. Alpari Forex Trading Webinars
  2. Beginners Guide to Trading
  3. Forex Trading Strategies
  4. Commodity Trading Guide
  5. Precious Metal Trading Guide

Alpari offers customer support through these channels:

  • Facebook
  • Twitter
  • Instagram
  • Email
  • Telephone
  • Live Chat

In terms of the service area, Alpari serves traders from around the world except for traders from these regions:

  • United States
  • Mauritius
  • Japan
  • British Columbia
  • Quebec, and several other regions.

In terms of currency types, Alpari supports the following currencies:

  • USD
  • EUR
  • GBP
  • NGN

When compared to other forex brokers, Alpari offers the following unique sides and features:

  • More than 20 years experience in financial markets
  • Flexible trading options
  • Security and safety of funds

Alpari is a very active forex broker in Bahrain and surrounding regions with thousands of registered traders that use its trading platform and services. Alpari has a significant market share in Bahrain due to its versatility and acceptance of traders from these regions. Bahrain is not offered specific privileges, but traders can expect competitive trading conditions with Alpari.

Alpari is a popular choice for Bahrain due to its long-standing history, security, and variety of trading opportunities in several financial markets.

To get more information, you can read the Alpari review.

3. NordFX

NordFX is a forex trading broker and trading platform established in 2008 in Cyprus. NordFX is regulated by CySEC and VFSC, and the forex broker’s market capitalization is not given by official sources.

In terms of forex traders, there are more than 1.2 million registered forex traders, according to the official NordFX website. According to reliable sources, there are between 10 and 50 employees are currently working for NordFX.

There is a minimum deposit of 10 USD when forex traders register a real account with NordFX. In terms of forex trading fees, NordFX charges 0-pip spreads with low commissions from 0.0035% per side, per trade.

Regarding trade execution speeds, forex traders can expect trades to be executed within 0.5 milliseconds. Where website and client fund security are concerned, NordFX uses strict protocols to secure its website and trading platform.

In terms of financial markets, NordFX offers a variety of tradable financial instruments across these asset classes:

  • Forex
  • Cryptocurrencies
  • Indices
  • Metals

Regarding trading software for NordFX, forex traders can use the following applications:

  1. MetaTrader 4
  2. MetaTrader 5
  3. MetaTrader 4 Multi-terminal

Regarding the research and training provided by NordFX, forex traders can expect the following tools, materials, and resources:

  1. FAQ
  2. Analysis
  3. Economic Calendar
  4. Trading Signals
  5. VPS
  6. NordFX Learning Centre
  7. Glossary

In terms of customer support, NordFX can be contacted through:

  • Web Contact Form
  • Email
  • Live chat

In terms of the service area, NordFX serves traders from around the world except traders from these regions:

  • Canada
  • Japan
  • United States
  • Belgium, and several other regions.

In terms of currency types, NordFX supports the following currencies:

  • USD
  • BTC
  • ETH

When compared to other forex brokers, NordFX offers the following unique sides and features:

  • Negative balance protection
  • Variety of trading accounts

NordFX is a very active forex broker in Bahrain with hundreds of registered Bahrain traders. NordFX has a very small market share in Bahrain compared with other more prominent, large forex brokers in larger countries. There are no privileges offered to Bahrain citizens other than a safe trading environment, competitive spreads, and trusted trading platforms.

NordFX is not a popular choice for many Bahrain citizens as it is a small forex broker that only offers basic trading solutions and services.

To get more information, you can read the NordFX review.

4.XTB

XTB is a forex trading broker and trading platform established in Belize in 2002 by Jakub Zablocki. XTB’s CEO is Carl Kirchner, who has held the position for several years. XTB is regulated by FCA, IFSC, ACPR, BaFin, KNF, CNMV, and CMB, and its market capitalization is more than 2 million USD, according to official stock information.

In terms of forex traders, there are more than 275,000 registered forex traders, according to the official XTB website. According to reliable sources, there are 500 employees are currently working for XTB.

There is a minimum deposit of $250 when forex traders register a real account with XTB. In terms of forex trading fees, XTB charges spread from 0.5 pips and commissions from 0.08% on ETF and Stock CFDs.

Regarding trade execution speeds, forex traders can expect reliable and fast execution speeds with low latency, minimal slippage, and no re-quotes when trading with XTB. Where website and client fund security is concerned, XTB is a trusted broker that uses strict and reliable security methods to ensure and maintain a safe trading environment.

In terms of financial markets, XTB offers more than 1,500 tradable financial instruments across these asset classes:

  • Forex
  • Indices
  • Commodities
  • Cryptocurrencies
  • CFDs

Regarding trading software for XTB, forex traders can use the following applications:

  1. XTB Online Trading xStation 5
  2. MetaTrader 4

Regarding the research and training provided by XTB, forex traders can expect a free newsletter and blog along with the following tools, material, and resources:

  1. Market Sentiment
  2. Market Calendar
  3. Trading Academy
  4. Trading Articles
  5. Live Webinars

In terms of customer support, XTB can be contacted through:

  • Facebook
  • Twitter
  • Email
  • Telephone
  • Live chat

In terms of the service area, XTB serves traders from around the world except for traders from these regions:

  • United States
  • Canada
  • Australia
  • Japan
  • Cuba
  • Syria
  • North or South Korea, and a few other regions.

In terms of currency types, XTB supports the following currencies:

  • USD
  • EUR
  • GBP
  • HUF

When compared to other forex brokers, XTB offers the following unique sides and features:

  • Advanced trading technologies
  • Listed on a stock exchange
  • Award-winning services and solutions
  • Offices in more than 13 countries

XTB is one of the most active forex brokers in Bahrain, with hundreds of registered Bahrain traders that use its platforms to execute trades. 

XTB’s market share is not given for Afghanistan, but XTB offers Bahrain traders a range of privileges in terms of trading technologies, safe trading, and award-winning services.

To get more information, you can read the XTB review.

5. Exness

Exness is a forex trading broker and trading platform established in 2008 in Cyprus by Petr Valov. Exness’ CEO is David Morris, who has held the position for more than five years. Exness is regulated by CySEC and FCA, and its monthly trading volume exceeds $300 billion.

In terms of forex traders, there are 70,000 registered forex traders, according to the official Exness website. According to reliable sources, there are between 100 and 500 employees are currently working for Exness.

There is a minimum deposit of $10 when forex traders register a real account with Exness. In terms of forex trading fees, Exness charges variable, tight spreads, and low commission charges from $3.5 per lot, per side.

Regarding trade execution speeds, forex traders can expect trades to be executed within a few milliseconds. Where website and client fund security is concerned, Exness uses strict protocols and the most innovative security technology.

In terms of financial markets, Exness offers a variety of tradable financial instruments across these asset classes:

  • Forex
  • Metals
  • Energies
  • Indices
  • Cryptocurrencies
  • CFDs

Regarding trading software for Exness, forex traders can use the following applications:

  1. MetaTrader 4
  2. MetaTrader 5

Regarding the research and training provided by Exness, forex traders can expect a blog along with the following tools, material, and resources:

  1. VPS Hosting
  2. WebTV
  3. Tick History 
  4. Economic Calendar
  5. Forex Calculator
  6. Convertors

In terms of customer support, Exness can be contacted through:

  • Email
  • Telephone
  • Live Chat
  • Facebook
  • Twitter
  • LinkedIn
  • Instagram

In terms of the service area, Exness serves traders from around the world except for traders from these regions:

  • United States
  • Japan
  • Canada

In terms of currency types, Exness supports the following currencies:

  • USD
  • AUD
  • GBP
  • ZAR
  • CHF, and several more.

When compared to other forex brokers, Exness is one of the best brokers in the modern-day, offering Bahrain traders access to the financial markets, especially the forex market.

Exness is a very active forex broker in Bahrain with a significant number of registered traders. Exness has a good market share in Bahrain as a result of its reliable and trustworthy trading conditions, environment, and solutions. There are no privileges offered specifically to Bahrain traders, but traders can still expect some of the best trading conditions in the industry.

Exness is a popular choice for Bahrain citizens because it is a reputable, well-known, and highly valued forex trading broker that caters to both beginner and professional traders.

To get more information, you can read the Exness review.

Forex Trading in Bahrain

Bahrain, officially known as the Kingdom of Bahrain, is a country that can be found in the Persian Gulf with a population of more than 1.5 million and a GBP of 78 billion USD.

Bahrain is one of the fastest-growing economies in the Arab world, and the banking and financial services sector, especially Islamic banking, has benefited from a regional boom that has been driven by the demand for oil.

Economic conditions in Bahrain are consistently fluctuating, and as a result of its resources, more investors are drawn to the region. More forex traders have emerged from Bahrain to benefit from the advantages of trading in fore, with the Bahraini dinar (BHD) trading at 2.66 USD.

What should be known for Forex Trading in Bahrain?

Bahrain traders must note that there are many risks involved in trading CFDs as they are complex instruments associated with loss because of leveraged trading. To start trading in forex, Bahrain traders can select any of the forex brokers provided on the list to register a demo account.

Once Bahrain traders are ready, they can join the forex market and use the Islamic/Swap-free options which are offered by these brokers, ensuring that Bahrain traders are true to their Muslim faith and the Sharia law.

It is also crucial for Bahrain traders to only use regulated brokers as a result of the number of illegitimate scam brokers that try to trick unsuspecting traders into giving up their funds.

Who are the Forex Regulators in Bahrain?

There are no specific forex regulators in Bahrain that oversee the forex market. However, there are regulators such as the Cyprus Securities and Exchange Commission (CySEC) that oversee trading activities and safeguard forex traders.

Is Forex Trading legal in Bahrain?

Yes, forex trading is legal in Bahrain. Most Bahrain citizens are of Islam faith and must therefore use the Islamic and Swap-free account options offered by forex traders. This ensures that Islamic traders are compliant with Sharia law in avoiding any interest that can be earned/debited when trading forex.

How Many Forex Traders are there in Bahrain?

The official count on forex traders in Bahrain is not given, but there is a total of more than 4 million registered traders in Asia overall, of which Bahrain forms a part.

What do Bahrain’s Citizens think about Forex Trading?

Forex trading is being accepted more by Bahrain citizens to secure income and benefit from the liquidity and volatility present in the forex market.

Best Forex Brokers for Beginners in Bahrain

The best forex brokers for beginners in Bahrain are:

  1. RoboForex
  2. Alpari
  3. Exness
  4. eToro
  5. FP Markets

These forex brokers are known for providing beginner traders with the best education, guidelines, and practice accounts to help them get started in forex trading.

Best Forex Brokers for Experts in Bahrain

The best forex brokers for experts according to their advanced trading solutions and trading tools are:

  1. NordFX
  2. XTB
  3. Exness
  4. Saxo Bank
  5. Questrade

Best Forex Brokers for Other Countries

The Best Forex Brokers for UAE are:

  1. XTB
  2. RoboForex
  3. HYCM
  4. Saxo Bank
  5. Interactive Brokers

The Best Forex Brokers for Qatar are:

  1. IC Markets
  2. FXTM
  3. FxPro
  4. HotForex
  5. Exness

The Best Forex Brokers in Kuwait are:

  1. Pepperstone
  2. AvaTrade
  3. FBS
  4. OctaFX
  5. XM

The best forex brokers in Oman are:

  1. XTB
  2. XM
  3. Trading 212
  4. IC Markets
  5. FXPrimus