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Best Forex Brokers In Bahrain : Globally Trusted Brokers‎

With hundreds of forex brokers to choose from, it is never choosing a forex broker in Bahrain. After all, there are so many factors you need to consider before zeroing on one. However, the situation was a lot different in the earlier years when there were hardly any forex brokers of repute plying their trade in Bahrain. Today, some of the best forex brokers in Bahrain are multi-nationals that have a presence all across the globe and serve clientele in several thousands. To make it easier for you and help you get the best out of your broker, we have chosen some of the well-known forex brokers. However, make sure that you select the one based entirely on your requirements.
Here are some of the best forex brokers in Bahrain are here:

1. XM
Minimum deposit required: You only need $5 to open a basic trading account with XM.
Trading platforms: One of the world’s most popular and reliable trading platforms, MetaTrader 4 can be used with XM. The best part of MT4 is that it is easy to set it up and that it is packed with lots of tools and is ideal for both automated and manual trading. And for those who are not comfortable with MT4, there’s XM Web Trader that can help traders wade through the challenges of forex markets easily by using a reliable internet connection. To use XM Web Trader, you’ll not need to use any additional software.

Leverage: Up to 888:1

Trading account types: There are quite a few trading account types available with XM – XM Zero, Micro, Standard, Islamic, and Managed. Depending on the type of account chosen, the minimum initial deposit can vary. In addition to the minimum deposit required to open an account with XM, the features you get will change with the account types chosen by a trader.

Customer Support: To cater to the needs of the global market, XM provides access to its website in multiple languages including English, Russian, German, French, Portuguese, Turkish, Polish, Korean, Chinese, Spanish, and many others. Customer support services are available 24 hours a day for 5 days a week via e-mail, live chat, Facsimile, and phone.

2. HotForex
HotForex SecurityMinimum deposit required: A minimum of $100 is required to open an account with HotForex.
Trading platforms: As with most forex brokerages, HotForex provides a variety trading platforms to choose from. However, the most popular of the lot is MetaTrader MT4 as it is extremely reliable and offers a variety of trading tools for traders to carry out their forex moves. However, if you want a simple trading platform, then HotForex Webtrader will suffice because it doesn’t require you to download and install any software. For those wishing to trade via mobiles, there are a few mobile compatible platforms available with HotForex.

Leverage: Up to 1:1000
Trading account types: 5 different trading account types are available through HotForex – Micro, VIP, Premium, Currenex, and Islamic.

Customer Support: For traders requiring additional support, HotForex offers a variety of support options through phone, Skype, fax, e-mail, and live chat. Additionally, traders can access HotForex’s website in different languages like English, Japanese, German, Thai, Swedish, and others.

3. Markets.com
Minimum deposit required: With as little as $100 you can open an account with Markets.com.

Trading platforms: The trading platforms on offer through Markets.com are intuitive and user-friendly. Currently, there are 5 different trading platforms – MetaTrader4, Markets Web Trader, MetaTrader Multi-Terminal, and Markets Mobile Trader.

Leverage: Up to 200:1
Trading account types: To enhance the experience of traders, Markets.com offers different trading account types including Classic, Standard, and Premium.
Customer Support: The customer support service of Markets.com is truly top-notch and is available to traders 24/5 across multiple languages. Localized telephone services are available in select countries.

4. easy-markets
Minimum deposit required: With as little as $25 you can open an account with easy-markets.
Trading platforms: Besides the regular MetaTrader4 platform, you can look forward to using a web trading platform with easy-forex. There’s MT4 Mobile platform also available for traders wishing to trade in forex via their mobile devices.

Leverage: Up to 1:400
Trading account types: In addition to the Standard account that can be opened at lower fixed spreads, there’s Islamic and Demo account you can take advantage of.
Customer Support: Phone support is available to a number of countries in the Eurozone and a select few outside this zone. Additionally, easy-forex provides customer support services via e-mail all through the trading hours.

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RISK:

*CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.*