In this guide, we go over the best trading platforms in Bhutan. We have analysed 174 brokers and evaluated their platforms in 8 major categories. We measured all aspects of their service including trading platforms, fees, mobile trading, deposits & withdrawals, assets, regulation, research & education, customer support and islamic account options.
Trading platforms that reached the highest scoring are considered in the following list:
Top 5 Trading Platforms in Bhutan
- eToro – Best trading platform overall
- Forex.com – Best Forex Trading Platform
- Capital.com – Best in research and education
- ActiveTrades – Broker regulated by the UK FCA
- OandA – Low risk CFD and forex broker
Best Online Trading Platforms Bhutan
|PLATFORM||SCORE||GENERAL INFO||MINIMUM DEPOSIT|
|#1||eToro||4.9||Best trading platform overall||$200|
|#2||Forex.com||4||Best Forex Trading Platform||$100|
|#3||Capital.com||4.7||Best Broker for Algorithmic Traders||$0|
|#4||ActiveTrades||4.4||Broker regulated by the FCA||$500|
|#5||OandA||4||Low risk CFD and forex broker||$0|
Below section breaks down the best trading platforms in Bhutan, beginning with the highest rated…
01. eToro: Best trading platform overall
eToro is the industry leading broker for copy trading. Their robust and cutting edge copy trading platform and social trading features allow users to copy trades and portfolios from professional traders and investors.
As a CFD multi asset broker, eToro allows users to trade on over 3075 different symbols including stocks, forex, cryptos, indices and commodities. Trading spreads are wide, deposits are free and account minimum is low. 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 in Arabic and English.
eToro is a well established market maker broker with a clean history record, regulated by top tier regulators.
68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
02. Forex.com: Best Forex Trading Platform
Forex.com finishes up on forth place with the best forex trading platform. Their multi-asset, features-rich trading platform offers a wide range of proprietary platforms, advanced social trading features and great asset coverage. Forex.com offers trading on over 4500 different CFDs as stock, cryptos, currencies and access to 5500 tradable symbols overall.
Their overall great offer makes this forex and CFD broker a good choice for traders at all levels.
03. Capital.com: Best For Research and Education (Discount Broker)
Capital.com is a top choice for traders looking for a discount broker with great educational content and resources, advanced research tools and a premium trading interface. They offer a wide range of tradable assets including CFDs on cryptos, stocks, indices, commodities and forex pairs.
Founded in 2016, Capital.com is an international fintech company which has group of entities authorised and regulated by the Financial Conduct Authority (“FCA”), the Australian Securities and Investments Commission (“ASIC”), the Cyprus Securities and Exchange Commission (“CySEC”), and the Financial Services Authority of Seychelles (“FSA”). It does not operate a bank and is not publicly traded.
Choose Capital.com if you are looking for a great mobile trading experience, professional web trading interface, day trading features. Beginner traders will like the low minimum deposit ($20), industry leading commission structure, and award winning education section.
04. ActiveTrades: Broker regulated by the UK’s Financial Conduct Authority (FCA)
ActivTrades is a reputable forex and CFD broker regulated by the UK’s Financial Conduct Authority (FCA). Their proprietary trading platform called ActivTrader is intuitive, fully customizable and offers a clear report on trading fees. Account opening is fast and easy, deposits and withdrawals are free of charge. Trading fees are below industry average.
ActiveTrades charges an inactivity fee. Tradable assets are limited to basic classes and instruments which will not be enough for professional traders. Research and educational materials are slim.
05. OandA: Low risk CFD and forex broker
OandA is a low risk CFD and forex broker with an extensive market research section, daily market updates and social trading features. Authorized by 6 tier one regulators, it is considered low risk for traders all across the globe. Their trading platform is intuitive, automate-executing and offers multiple features for algorithmic and social trading. Mobile trading is available through fxTrade on industry leading research and charting tools.
For a low cost broker, their fees and commissions are above industry average across all accounts (core and default).
How To Pick The Right Platform?
The main criteria to consider when choosing a trading platform in Bhutan include: fees, trading platform, mobile trading, deposits & withdrawals, assets, customer support, liquidity and security.
Fees: Choose a broker with a transparent fee structure and avoid brokerage accounts with high fees on trades, overnight fees and hidden fees. Commission and spread fees are common with Bhutan brokerage accounts. Spreads should vary between 0.03% to 0.5% depending on your trading volume.
Trading platforms: They should be user friendly, grant access to trading tools and indicators and suitable to traders at all levels. We recommend you opt for a platform with a technical charting interface and built-in market data. A comprehensive market news feed and access to advanced features are a must.
Mobile Trading: Mobile trading apps should offer the same trading tools and charts as their web versions. Choose mobile platforms with full-screen charting options and social feeds.
Deposit & Withdrawal: Deposit and withdrawal needs to be fast and simple. Choose an broker that offers your preferred payment method and industry leading commission and fee structures.
Assets: Look for coverage of preferred assets. Bhutan traders are allowed to access all tradable asset classes including forex, stocks, indexes, options, FOPs, commodities, futures, indices, bonds, swaps, mutual funds, hedge funds, spot gold, ETFs and cryptos.
Regulation: Brokers with top-tier licenses follow strict rules enforced by a trustworthy regulators and offer high security standards. We recommend users to choose platforms with FCA, CySEC, and ASIC licenses and tier one regulations.
Research & education: Beginner and average traders and investors should choose a broker with research and education tools including: weekly webinars, daily news updates, personal account manager, personal training and room access.
Customer support: Beginner traders should look out for responsive and professional customer support available in their language.
*Islamic Accounts: All platforms from our list offer islamic account options. This gives users the chance to trade online in compliance to the Sharia law.
Online Trading In Bhutan
Online trading in Bhutan is done via the Royal Securities Exchange of Bhutan (RSEB). It is the only stock exchange in Bhutan and it only list domestic companies. Traders can trade Bhutan securities on the RSEB, but to trade forex, commodities, or stocks from other countries traders will have to use overseas brokerage firms. Residents of Bhutan are allowed to buy, trade, and invest in crypto. They can do this via internationally operating cryptocurrency exchanges. All brokers and exchanges mentioned in this guide accept Bhutan traders and investors.
Online Trading Regulation
The Ministry of Economic Affairs regulates the Bhutan RSEB and finance sector. If a company wants to offer trading and investment services, it has to apply for a license with them. Brokers and exchanges based in other countries don’t need to apply for such a license and can freely market their products and services to residents of Bhutan. Note that the Ministry of Economic Affairs doesn’t offer any form of investment protection scheme and advises people to do their own due diligence.
Bhutan has an open stance on Bitcoin and other cryptocurrencies. The Royal Monetary Authority (RMA) has a partnership with Ripple and allows Bhutan citizens to buy and trade cryptocurrencies.
You can verify if a Bhutan-based broker has a valid trading license that allows offering trading and investment services by checking the Royal Monetary Authority register. Here you will find information about all licensed brokers operating in Bhutan. If a brokerage firm or cryptocurrency exchange isn’t based in Bhutan it will not be in the register, but you can still check whether it is licensed by checking the official websites of CySec, FCA, FINRA, or ASIC. Most cryptocurrency exchanges operate unlicensed and are unregulated.
Based on our review, we consider eToro as the best trading platform for Bhutan residents. They offer a low minimum deposit, competitive fees, advanced charting tools, social trading features and a responsive customer support.
Forex.com is the second best trading platform for Bhutan residents, because of their low fees, advanced trading tools, copy trading features and a responsive customer support. Capital.com, ActiveTrades and OandA are finishing up our list of top platforms with a great overall offer and above average ratings.
Are There Commission-Free Trading Platforms In Bhutan?
Yes, there are trading platforms available in Bhutan that offer 0% commission trading like eToro.
How Much Should I Invest When Trading Online in Bhutan?
You should always invest at least the minimum deposit amount Bhutan and international brokers require you to open an account. In most cases, this is about $50.
Is Crypto Trading Available In Bhutan?
Yes, crypto trading is available to Bhutan citizens. The leading trading platforms offer Bitcoin trading via CFDs.
How To Check If A Trading Platform Has a Valid License?
You can check if a broker has a valid operating license on the RMA official website. If the broker is based overseas, you can check the websites of the CySEC, FINRA, ASIC, BAFIN, or FCA instead.
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best online brokers. Trading platform, fees, mobile trading, payments, assets, regulation, education, and research are all part of our six-month evaluation of a broker’s trading platform. The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.
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.
If you liked this article then also read:
- Saudi Arabia
- 1 Top 5 Trading Platforms in Bhutan
- 2 Best Online Trading Platforms Bhutan
- 2.1 01. eToro: Best trading platform overall
- 2.2 02. Forex.com: Best Forex Trading Platform
- 2.3 03. Capital.com: Best For Research and Education (Discount Broker)
- 2.4 04. ActiveTrades: Broker regulated by the UK’s Financial Conduct Authority (FCA)
- 2.5 05. OandA: Low risk CFD and forex broker
- 2.6 How To Pick The Right Platform?
- 2.7 Online Trading In Bhutan
- 2.8 Online Trading Regulation
- 2.9 Licence Verification
- 3 Conclusion