BEST TRADING APPS

BEST ONLINE BROKERS IN BAHRAIN

You probably went into Google searching for the best online brokers available in Bahrain. You are interested and wish to trade a particular asset class like Forex, International Stocks or Cryptos, or maybe a specific asset like Apple Stocks, Oil instruments or the latest DeFi Cryptocurrency.

Although you already know the asset or asset class you want to trade, Google isn't inside your mind (yet). So, Google couldn't figure out whether you wished to trade Forex, US stocks, or buy investment fund units, and it brought you here. This article is long, but it has the basics of what you need to know about the best investment and trading platforms. So, let's talk about Bahrain's top online trading apps, divided by asset class.

Recommended Platform

Conclusions About Our Lists of Best Online Trading Brokers

Many websites that write about trading and financial instruments topics will recommend "The Best Online Broker", and it will probably be the platform that pays them the best commissions. They will do it in a way that looks professional. On the contrary, we remark that there is no "Best Broker" that covers all the needs of a trader because, should there be a "perfect trading platform", it would have to have:

  • 0 commissions,

  • 0 spreads,

  • Outstanding order execution,

  • A Great Visual interface,

  • Complete access to every financial market.

 

Unfortunately, no online trading app offers all of these features simultaneously. However, many of them have aspects that make them stand out in specific aspects/markets. This article brings you a list of 3 Brokers per asset class (Forex, stocks, crypto, etc.) and why it can be recommendable over the others available, specifically for local traders. Why do we present just three options? We believe that when trading instruments of each asset class, there are not 100 infallible brokers available; some stand out above the others. Also, you will find that some apps appear more than once; the reason is that they are the top option on several.

 

ASINKO receives a commission from specific online platforms for referring clients, but it does not charge a commission to you nor from all the ones we present here. Notwithstanding this, if we consider that a platform has to be in the Top 3, we will do so no matter whether we promote them or not. Please note that the lists presented here are part of our professional opinion: there is a possibility that this does not fit 100% of all traders' needs. In other words, try them before depositing money.

Top Stock Broker Platforms in Bahrain


US Stocks like Apple, Tesla or even seniors like Ford and McDonalds. UK Stocks like BP, Rolls-Royce or Tesco. European Stocks, Japanese Stocks and Australian Stocks. International Stocks are one of the main gateways to start investing; everyone wants a share of the brands they like and use. Although some investors in Bahrain focus on local stocks (and debt instruments) only, most use a global portfolio. The online stockbrokers and trading platforms have granted access to the international markets to the general public easily and understandably. We bring you three of the best alternatives available locally.

STOCK BROKER #3

An innumerable dose of trading, research and e-learning tools, an easy-to-use web trading tool, low requirements to set up an account, and an unbeatable regulation level make AvaTrade one of the top stock trading apps.

Although it is not the one offering the vastest number of CFDs on stocks, you may trade +600 of the most renowned companies trading at the New York, Nasdaq, London, and European Exchanges.

AvaTrade

STOCK BROKER #2

XM is an excellent alternative for stock trading for the following reasons:

> Provides access to +1,200 Stocks from 18 Stock Exchanges around the globe
> Low spreads
> User-friendly trading platforms
> World-class customer service team
> Fast account opening and withdrawal processes

XM

STOCK BROKER #1

From Tech to Energy, New York to Singapore, eToro grants traders real-time access to stocks from 17 exchanges worldwide at 0% commission (applies when investing in non-leveraged, BUY stock positions). You may also invest in fractional shares, a portion of an equity stock smaller than one total share. Fractional shares enable you to purchase stocks based on the dollar amount you want to invest, allowing you to diversify an investment portfolio without much money.

Over a decade ago, eToro set out to open financial markets to everyone. Today, more than 20 million registered users have simple, affordable access to stock investment in an easy-to-use platform.

eToro is regulated by the FCA of the UK, ASIC from Australia and CySec in the European Union, and industry-leading security protocols protect your funds.

eToro

GLOBAL STOCKS

Top FX Brokers in Bahrain


The Middle East is a region where Forex Online Brokers focus in particular: The industry has developed rapidly over the past years thanks to growing investor appetite from the local client base. According to Bloomberg.com, the most popular Forex currency pairings are EURUSD, GBPUSD, XAUUSD, EURJPY and XAGUSD, which is in line with the global trading demand.


As a result of this growth, in the forwards market, Saudi Arabia and Kuwait’s moved to stifle speculation against the Riyal and Dinar, respectively, since the FX market was bringing liquidity issues to the local currencies.


The list we propose here does not include online brokers offering FX pairs that have foreign currencies pegged to the Dinar. Instead, it allows you to trade the global major and minor pairs.


An important point to emphasize regards the Shariah-compliant forex trading, which are swap-free accounts (Shariah-compliant). Recently, more and more online brokers increased the availability of Islamic trading products. If you are respectful of Islamic principles, you should first open an account with the presented alternatives that follow. Second, before placing any FX trades, send a request to the customer service team to switch your account to the Shariah-compliant version.

FX PLATFORM #3

With over 5,000,000 clients since being founded in 2009, XM has grown into a large and well established international investment firm and has become a true industry leader.

XM is a good choice for traders of all levels, handling the client base with an extensive international team capable of dealing in 30 languages.

In terms of their Forex offering, XM allows traders to deal in +55 pairs, with good spreads and exceptional trade execution. XM grants access to MT4, MT5, and their proprietary XM WebTrader platforms.

xm.com

FX PLATFORM #2

Pepperstone is an FX Trading Platform founded in 2010 in Melbourne, Australia. The app serves over 300,000 accounts from clients based in more than 150 countries.

Pepperstone processes an average of USD 125.5 billion in Trading orders per day, which implies that it is one of the largest FX brokers globally.

pepperstone.com

FX PLATFORM #1

AvaTrade is an extraordinary FX online brokerage. With one of the vastest offerings in terms of currency pairs (+50) and the characteristics every good FX Broker should have (Low Spreads and excellent trade execution), it has several unique features that make it an excellent alternative for traders in Bahrain.

First, its account opening and depositing processes are fast, simple, and hustle-free. This is important since some online brokers operating with clients in Bahrain are painful to deal with in these areas.

Second, it is a multi-regulated company with brokerage licenses in some of the strictest jurisdictions: Europe, Australia, Japan, British Virgin Islands, UAE and South Africa.

Third, it offers a unique tool for FX Options trading called AvaOptions, allowing you to approach your FX Trading differently and uniquely, adding Call and Put instruments to your Forex risk management.

Last but not least, AvaTrade offers an insurance service called AvaProtect, which protects your trades against losses for a chosen time frame in exchange for a fee paid at the time of purchase.

avatrade.com

FOREX

Top Crypto Trading Apps in Bahrain


Cryptocurrencies are mined or purchased from exchanges. Their skyrocketing value of them has made them popular as trading instruments. Also, to a limited extent, they are used for cross-border transfers. 


Cryptos have taken over (by surprise) the financial world. As a result, everybody is talking about them, both for good and bad reasons. There's an innumerable amount of new cryptos launched every week to tackle or solve a problem in particular (Like cross-border payments, tokens used for purchases in the metaverse, etc.). You even get meme coins launched with the sole objective of making a trading profit (A shady strategy called pump and dump). So, you have to be able to separate the wheat from the chaff. This list displays the top crypto trading platforms available in Bahrain. We show here 3 platforms that we have used, deposited money, traded and withdrawn successfully.


Important: Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly risky and speculative, and the markets can be highly volatile. Consult with a qualified professional before making any financial decisions. This article is not a recommendation by Asinko or the writer to invest in cryptocurrencies, nor can the accuracy or timeliness of the information be guaranteed.

CRYPTO PLATFORM #3

Bittrex Global’s premier trading platform is designed for lightning-fast trades, dependable digital wallets and industry-leading security. Bittrex Global is based in Liechtenstein and Bermuda, placing them in world class financial systems governed by revolutionary legislation. Bittrex Global is an easy to use platform, although allows pro features like the ability to access ICOs.

Bittrex

CRYPTO PLATFORM #2

Coinbase is a U.S.-regulated cryptocurrency exchange that allows users to buy, sell, send, receive, and exchange altcoins via a web browser or mobile app. Coinbase is an app designed for beginners with a simple interface and limited transaction types.

Although some competitors offer user-friendly experiences, they are usually never as easy to use as Coinbase is.

Coinbase

CRYPTO PLATFORM #1

Binance is the #1 Crypto trading platform globally, with the highest cryptocurrency offering and trading volumes. Although it has a rather steep learning curve, it supports advanced users and provides international traders with hundreds of crypto trading, staking and DeFi alternatives.

No competitor can beat Binance's low cost in the crypto space. Low fees, comprehensive charting options, and hundreds of cryptocurrencies make Binance a must-try alternative.

Binance

CRYPTOCURRENCIES

COMMODITIES

Based on its Razor account, Pepperstone offers commodity traders the ability to trade gold, silver, crude oil, natural gas and more at ultra-low prices, tight spreads and fast execution without worrying about physical delivery, ownership and rollovers.

Pepperstone

OTHER ASSETS & SERVICES

ETFS

At eToro, buying and selling ETFs is very straightforward. Moreover, it requires a low minimum investment, making it accessible for beginners.

eToro offers many available ETFs that focus on different asset classes, including stock indices, thematic ETFs, bonds, real estate, commodities, inverse and leveraged ETFs. In total, you'll find more than 260 ETFs.

eToro

COPYTRADING

eToro is the world's leading Social Broker. It works as a social network: there are popular investors, a news feed and a private messaging system. You can see in each investor profile how many copiers they have, what specific assets they are investing in, and their historical earnings. To choose the trader and the strategy you wish to follow and copy, you can filter by profit, risk rating, and country of origin, among other criteria. Remember that all trades are executed proportionally, and the platform does not charge additional fees for Copy Trading.

eToro

PAYMENT GATEWAYS

Do you need a payment provider to transact in different currencies?

Wise is an online account that facilitates sending money, receiving payments, and moving money across borders. Wise allows you to hold 53 different currencies and make local transfers in 10. It works worldwide and enables you to withdraw cash at ATMs if you have their MasterCard card. In addition to being free, you can check the exchange rate before sending money abroad, and there are no hidden fees. Furthermore, it is a safe app, as the FCA and FinCEN regulate it. Also, if you need to solve payments with your company, it offers a practical solution for companies to pay invoices, suppliers, and employees in 80 countries.

Wise

FAQs

I LIVE IN BAHRAIN, CAN I OPEN AN ACCOUNT WITH PEPPERSTONE?

IS ROBINHOOD AVAILABLE IN BAHRAIN?

I LIVE IN BAHRAIN, CAN I OPEN AN ACCOUNT WITH NETELLER?

Risk Warning:

By investing in or trading financial instruments, commodities and any other assets, you are taking a high degree of risk. You can lose all your deposited money. You should only engage in any such activity if you are fully aware of the relevant risks.

Contracts for Difference ("CFDs") are leveraged products and carry a high level of risk to your capital as prices may move unexpectedly against you. Losses can exceed your deposits, and you may be required to make further payments. 74 - 89% of retail clients lose money when trading CFDs. You should consider whether you can afford the high risk of losing your money. These products may not suit all clients; therefore, ensure you understand the risks and seek independent advice.

  

 

Disclaimer:

 

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