Introduction
KFH is a Kuwait-based brokerage firm that was established in 1982. The company is licensed and regulated by the Kuwait Capital Markets Authority and is a member of the Kuwait Stock Exchange. KFH provides its clients with access to local and international markets through its online trading platforms. In this KFH Brokerage review, we will take a look at the company’s regulations, platforms, instruments, and ratings. We will also provide an overview of KFH’s fees and commissions.
History of KFH Brokerage
The Kuwait Financial House (KFH) was established in 1977 as the first Islamic bank in Kuwait. KFH was one of the leading banks in terms of assets and deposits until the late 1990s. However, since then it has experienced a decline in its market share. The main reason for this decline is that KFH has been less aggressive than its competitors in adapting to changes in the banking industry.
KFH Brokerage is a subsidiary of KFH that was established in 2003. It is one of the largest online brokers in Kuwait with over KD100 million in assets under management. KFH Brokerage offers online trading platforms for stocks, commodities, forex, and CFDs. It also offers investment advisory services and research tools.
In 2019, KFH Brokerage was rated as the best online broker in Kuwait by MENA Research Partners.
KFH Brokerage Services Review
KFH Brokerage is one of the oldest and most respected online brokerages in Kuwait. They offer a wide range of services for investors, including online trading, investment advice, and portfolio management.
Their platform is easy to use and offers a wide variety of features. Kuwaiti investors will find that KFH Brokerage offers some of the best tools available for online investing.
The company is regulated by the Kuwait Capital Markets Authority (CMA). This ensures that your investments are safe and secure. KFH Brokerage is also a member of the Kuwait Stock Exchange (KSE).
Investors can trade a variety of instruments on the KFH Brokerage platform, including stocks, bonds, ETFs, and mutual funds. They also offer CFDs and forex trading.
KFH Brokerage has received excellent ratings from both local and international publications. They are consistently ranked as one of the top online brokerages in Kuwait.
The Different Types of Accounts Offered by KFH Brokerage
As one of the leading online brokerages in Kuwait, KFH Brokerage offers a wide range of account types to suit the needs of every investor. From basic brokerage accounts to more advanced platforms for active traders, KFH has something for everyone.
Here is a breakdown of the different types of accounts offered by KFH Brokerage:
Basic Brokerage Account: This is the simplest and most popular type of account offered by KFH. With a basic brokerage account, you can trade stocks, ETFs, and mutual funds. You’ll also have access to KFH’s research and analysis tools.
Active Trader Account: This account is designed for investors who trade frequently and are looking for advanced features such as direct market access (DMA) and Level 2 quotes. Active trader accounts come with higher fees than basic brokerage accounts.
Islamic Account: This account is compliant with Sharia law and is available to Muslim investors. With an Islamic account, you can trade stocks, ETFs, and mutual funds without incurring interest charges or commissions.
KFH also offers specialised accounts for high-net-worth individuals and institutional investors. For more information on these account types, please contact KFH Brokerage directly.
Pros and Cons of KFH Brokerage
KFH Brokerage is a full-service broker that offers a wide range of investment products and services to its clients. The company is headquartered in Kuwait and has offices in Dubai, Abu Dhabi, and London. KFH Brokerage is regulated by the Kuwaiti Financial Supervisory Authority (KFSA).
The Pros:
1. KFH Brokerage offers a wide range of investment products and services, including stocks, bonds, mutual funds, ETFs, and forex.
2. The company is well-regulated by the KFSA.
3. KFH Brokerage has a strong online presence with a user-friendly website and mobile trading platform.
4. The broker offers competitive commissions and fees.
5. KFH Brokerage provides excellent customer service.
Conclusion
KFH Brokerage is a reliable and regulated online broker that provides access to a wide range of markets and instruments. The broker offers several platforms for trading, including the popular MetaTrader 4 platform. KFH Brokerage is also well-rated by major forex review portals.